QDEF vs. GDIV ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Harbor Dividend Growth Leaders ETF (GDIV)

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

GDIV

Harbor Dividend Growth Leaders ETF

GDIV Description

Harbor Dividend Growth Leaders ETF is an exchange traded fund launched and managed by Harbor Capital Advisors, Inc. It is co-managed by Westfield Capital Management Company, L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It invests in dividend paying stocks of companies. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. Harbor Dividend Growth Leaders ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$15.55

Average Daily Volume

36,237

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	GDIV
30 Days	1.58%	0.72%
60 Days	2.63%	1.90%
90 Days	4.66%	3.50%
12 Months	30.49%	22.50%

13 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in GDIV	Overlap
AAPL	C	6.07%	4.77%	4.77%
ABBV	D	2.6%	1.88%	1.88%
AVGO	D	0.88%	5.36%	0.88%
BAC	A	0.02%	2.59%	0.02%
BAH	F	0.12%	1.14%	0.12%
FIS	C	0.6%	1.26%	0.6%
IBM	C	1.7%	2.0%	1.7%
KO	D	0.65%	2.39%	0.65%
META	D	2.76%	2.48%	2.48%
MRK	F	2.25%	2.11%	2.11%
MSFT	F	4.97%	6.14%	4.97%
ROL	B	0.12%	1.03%	0.12%
TJX	A	0.99%	1.68%	0.99%

QDEF Overweight 110 Positions Relative to GDIV

Symbol	Grade	Weight
NVDA	C	6.0%
HD	A	3.07%
JNJ	D	2.93%
PG	A	2.83%
QCOM	F	1.65%
PM	B	1.65%
GOOGL	C	1.36%
INTU	C	1.29%
TMUS	B	1.14%
ADP	B	1.13%
GOOG	C	1.1%
LMT	D	1.05%
GILD	C	1.03%
SBUX	A	0.98%
MO	A	0.86%
CI	F	0.83%
AMT	D	0.82%
KLAC	D	0.79%
T	A	0.77%
DUK	C	0.77%
ITW	B	0.74%
MSI	B	0.74%
JPM	A	0.73%
CME	A	0.71%
MCK	B	0.71%
BK	A	0.67%
MMM	D	0.66%
VZ	C	0.65%
UNM	A	0.65%
EME	C	0.64%
BWXT	B	0.64%
PAYX	C	0.63%
UMBF	B	0.61%
CSCO	B	0.61%
EA	A	0.6%
AFL	B	0.6%
CFR	B	0.6%
GEN	B	0.59%
PSA	D	0.59%
AIZ	A	0.58%
WTW	B	0.58%
FAST	B	0.58%
VIRT	B	0.57%
CSWI	A	0.57%
COR	B	0.57%
LDOS	C	0.57%
VRSK	A	0.57%
D	C	0.56%
WDFC	B	0.55%
PPL	B	0.55%
ORI	A	0.54%
ESS	B	0.54%
RMD	C	0.54%
K	A	0.53%
CSL	C	0.53%
OHI	C	0.53%
MET	A	0.53%
EQR	B	0.53%
MAA	B	0.53%
PNW	B	0.52%
IRDM	D	0.52%
CPT	B	0.51%
OTIS	C	0.51%
KMB	D	0.51%
XOM	B	0.5%
OMF	A	0.5%
LSTR	D	0.49%
ED	D	0.49%
AVY	D	0.48%
DOX	D	0.48%
BPOP	B	0.48%
RDN	C	0.48%
LOW	D	0.47%
NSA	D	0.47%
OGE	B	0.47%
IPG	D	0.46%
DELL	C	0.46%
BMY	B	0.45%
GIS	D	0.45%
VRT	B	0.45%
HRB	D	0.45%
WU	D	0.43%
EXPD	D	0.42%
SAIC	F	0.41%
WSM	B	0.41%
DPZ	C	0.41%
CUBE	D	0.4%
EVRG	A	0.4%
EBAY	D	0.4%
EXC	C	0.39%
CHE	D	0.39%
SWKS	F	0.39%
V	A	0.38%
MSM	C	0.37%
BSY	D	0.37%
STNG	F	0.36%
STWD	C	0.32%
NEP	F	0.32%
WEC	A	0.28%
PEG	A	0.26%
COST	B	0.24%
MA	C	0.23%
MAS	D	0.23%
NNN	D	0.21%
AVB	B	0.18%
CAH	B	0.17%
SCCO	F	0.16%
DDS	B	0.12%
WMT	A	0.12%
ZTS	D	0.11%

QDEF Underweight 32 Positions Relative to GDIV

Symbol	Grade	Weight
AJG	B	-3.87%
MLI	C	-3.29%
PRI	A	-2.95%
CTAS	B	-2.65%
AIG	B	-2.47%
PFE	D	-2.47%
WSO	A	-2.39%
AMP	A	-2.36%
LLY	F	-2.31%
WMB	A	-2.17%
NEE	D	-2.03%
ARES	A	-1.98%
TPR	B	-1.94%
MCHP	D	-1.83%
VST	B	-1.81%
CDW	F	-1.78%
NXPI	D	-1.77%
CMI	A	-1.71%
TXRH	C	-1.68%
TSCO	D	-1.63%
UNH	C	-1.58%
MTB	A	-1.57%
SNY	F	-1.49%
STAG	F	-1.45%
GPN	B	-1.43%
DKS	C	-1.34%
CSX	B	-1.33%
VMC	B	-1.32%
TGT	F	-1.32%
OWL	A	-1.3%
CEG	D	-1.25%
UNP	C	-0.97%