QDEF vs. MIDE ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Xtrackers S&P MidCap 400 ESG ETF (MIDE)

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

$71.61

Average Daily Volume

6,775

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

MIDE

Xtrackers S&P MidCap 400 ESG ETF

MIDE Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the S&P MidCap 400 ESG Index. The index seeks to target 75% of the float market capitalization (i.e., the amount of stock which is available for trading by the general public) of each Global Industry Classification Standard Industry Group (?GICS Industry Group?) within the S&P MidCap 400 Index, using an ESG score as the defining characteristic. The fund will invest at least 80% of its total assets (but typically far more) in component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.77

Average Daily Volume

505

Number of Holdings ^*

265

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	MIDE
30 Days	-1.25%	0.50%
60 Days	1.18%	2.58%
90 Days	3.94%	6.97%
12 Months	29.02%	25.66%

14 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in MIDE	Overlap
CFR	B	0.6%	0.43%	0.43%
CSL	C	0.52%	1.02%	0.52%
CUBE	C	0.4%	0.52%	0.4%
EME	B	0.65%	1.12%	0.65%
HRB	D	0.45%	0.4%	0.4%
LSTR	D	0.49%	0.32%	0.32%
MSM	D	0.38%	0.19%	0.19%
NNN	C	0.21%	0.38%	0.21%
OHI	C	0.54%	0.5%	0.5%
STWD	C	0.31%	0.29%	0.29%
UMBF	B	0.6%	0.27%	0.27%
UNM	A	0.62%	0.59%	0.59%
WSM	D	0.4%	0.8%	0.4%
WU	F	0.43%	0.17%	0.17%

QDEF Overweight 109 Positions Relative to MIDE

Symbol	Grade	Weight
AAPL	C	5.95%
NVDA	B	5.95%
MSFT	D	4.85%
HD	A	3.03%
ABBV	F	3.02%
JNJ	D	2.96%
PG	C	2.8%
META	C	2.78%
MRK	F	2.32%
IBM	D	1.71%
QCOM	F	1.7%
PM	A	1.61%
GOOGL	B	1.36%
INTU	B	1.24%
ADP	B	1.12%
TMUS	A	1.11%
GOOG	B	1.1%
LMT	D	1.08%
GILD	B	1.07%
TJX	A	0.96%
SBUX	A	0.95%
AVGO	C	0.94%
AMT	D	0.84%
KLAC	F	0.83%
MO	A	0.83%
CI	D	0.81%
DUK	C	0.78%
T	A	0.76%
MSI	A	0.75%
ITW	B	0.73%
CME	A	0.71%
MCK	A	0.71%
JPM	A	0.7%
KO	D	0.66%
BK	A	0.66%
MMM	D	0.66%
LDOS	C	0.66%
PAYX	B	0.64%
VZ	C	0.63%
BWXT	A	0.61%
PSA	C	0.6%
CSCO	B	0.6%
AFL	C	0.59%
FIS	A	0.59%
CSWI	A	0.58%
RMD	C	0.58%
FAST	B	0.58%
GEN	B	0.57%
EA	A	0.57%
COR	B	0.57%
WTW	B	0.57%
VRSK	B	0.56%
D	C	0.56%
AIZ	A	0.55%
PPL	A	0.54%
VIRT	A	0.54%
MAA	A	0.53%
WDFC	B	0.53%
ESS	A	0.53%
PNW	A	0.52%
K	B	0.52%
ORI	A	0.52%
EQR	C	0.52%
CPT	D	0.51%
DOX	D	0.51%
MET	A	0.51%
KMB	C	0.51%
IRDM	D	0.51%
ED	D	0.5%
OTIS	C	0.5%
XOM	A	0.49%
OMF	A	0.49%
NSA	C	0.48%
OGE	A	0.48%
SAIC	D	0.48%
AVY	D	0.48%
BPOP	D	0.47%
DELL	B	0.46%
LOW	A	0.46%
VRT	A	0.46%
IPG	F	0.46%
RDN	D	0.46%
GIS	D	0.45%
DPZ	C	0.43%
BMY	B	0.41%
SWKS	F	0.41%
EXPD	D	0.41%
EBAY	D	0.39%
EVRG	A	0.39%
CHE	D	0.38%
EXC	C	0.38%
BSY	D	0.37%
V	A	0.37%
STNG	F	0.35%
NEP	F	0.33%
WEC	A	0.28%
PEG	C	0.25%
MAS	D	0.24%
COST	B	0.24%
MA	A	0.23%
AVB	B	0.18%
CAH	A	0.17%
SCCO	F	0.17%
BAH	D	0.14%
WMT	A	0.12%
ROL	A	0.12%
ZTS	D	0.11%
DDS	B	0.11%
BAC	A	0.02%

QDEF Underweight 251 Positions Relative to MIDE

Symbol	Grade	Weight
LII	A	-0.95%
WSO	A	-0.92%
UTHR	C	-0.85%
XPO	B	-0.84%
RPM	A	-0.84%
MANH	D	-0.84%
OC	A	-0.82%
BURL	A	-0.81%
USFD	B	-0.79%
DT	C	-0.77%
COHR	C	-0.76%
FIX	A	-0.76%
FNF	C	-0.76%
THC	C	-0.75%
TOL	B	-0.75%
PSTG	F	-0.74%
EQH	B	-0.74%
RGA	A	-0.73%
SFM	B	-0.7%
EWBC	A	-0.69%
ELS	B	-0.65%
RNR	D	-0.65%
TXRH	B	-0.64%
CLH	C	-0.63%
TTEK	F	-0.61%
ITT	A	-0.61%
NVT	C	-0.61%
JLL	C	-0.61%
NBIX	D	-0.61%
SCI	A	-0.6%
WPC	D	-0.59%
LECO	C	-0.58%
JEF	A	-0.58%
BJ	B	-0.57%
SF	A	-0.57%
AMH	C	-0.57%
DKS	D	-0.55%
RRX	B	-0.55%
ATR	B	-0.55%
OVV	C	-0.54%
EVR	B	-0.53%
CCK	D	-0.53%
BLD	F	-0.52%
FHN	A	-0.52%
FND	F	-0.52%
CHDN	C	-0.5%
EHC	B	-0.5%
WBS	A	-0.5%
AA	A	-0.5%
EXP	B	-0.5%
EXEL	B	-0.49%
LAD	A	-0.49%
AYI	B	-0.49%
CIEN	B	-0.49%
PRI	A	-0.49%
ARMK	C	-0.49%
INGR	B	-0.48%
ALLY	C	-0.48%
TPX	A	-0.47%
WTRG	B	-0.47%
RGLD	A	-0.45%
FBIN	F	-0.45%
WMS	F	-0.45%
KNX	B	-0.45%
WCC	B	-0.45%
DTM	A	-0.45%
PNFP	A	-0.45%
DCI	B	-0.45%
AR	B	-0.44%
REXR	F	-0.44%
WTFC	A	-0.43%
MTZ	B	-0.42%
TTC	D	-0.42%
AXTA	A	-0.42%
ZION	A	-0.42%
CBSH	A	-0.41%
CR	B	-0.41%
EGP	D	-0.41%
X	C	-0.41%
BRX	A	-0.41%
GPK	D	-0.41%
PLNT	A	-0.4%
SNV	B	-0.4%
RRC	B	-0.4%
HQY	A	-0.4%
ONTO	F	-0.39%
CVLT	B	-0.38%
JAZZ	B	-0.38%
SEIC	A	-0.38%
TREX	C	-0.38%
VOYA	A	-0.38%
ADC	A	-0.37%
WH	B	-0.37%
FYBR	C	-0.37%
SSD	D	-0.37%
BERY	C	-0.37%
RGEN	F	-0.37%
FLS	A	-0.37%
RLI	A	-0.36%
KEX	A	-0.36%
WEX	F	-0.36%
EXLS	B	-0.36%
G	A	-0.36%
H	B	-0.35%
GTLS	A	-0.35%
R	B	-0.35%
TMHC	B	-0.35%
ESAB	B	-0.35%
ALV	C	-0.35%
HALO	D	-0.35%
MTSI	B	-0.35%
OLED	F	-0.35%
MSA	D	-0.34%
ELF	C	-0.34%
CMC	B	-0.34%
CADE	B	-0.34%
LPX	A	-0.34%
FCN	F	-0.34%
VNO	C	-0.34%
ONB	B	-0.34%
GXO	B	-0.34%
DBX	C	-0.33%
VMI	B	-0.33%
DINO	D	-0.33%
KD	A	-0.32%
COLB	B	-0.32%
FAF	C	-0.32%
CYTK	D	-0.32%
STAG	D	-0.32%
DAR	B	-0.32%
MTG	C	-0.31%
WHR	A	-0.31%
GBCI	A	-0.31%
DOCS	B	-0.31%
LFUS	D	-0.3%
CBT	C	-0.3%
WFRD	F	-0.3%
NOV	D	-0.3%
VNT	C	-0.29%
FNB	A	-0.29%
KRG	B	-0.29%
ESNT	D	-0.29%
SIGI	B	-0.29%
NOVT	D	-0.29%
ARW	D	-0.29%
LITE	B	-0.29%
WTS	A	-0.28%
RMBS	C	-0.28%
THO	B	-0.28%
PVH	C	-0.28%
CNX	A	-0.28%
THG	A	-0.28%
AGCO	D	-0.27%
LEA	F	-0.27%
JHG	A	-0.27%
AMG	A	-0.27%
KBH	D	-0.27%
CLF	F	-0.27%
NFG	A	-0.27%
LNTH	F	-0.27%
BC	D	-0.26%
CRUS	F	-0.26%
MMS	D	-0.26%
GATX	A	-0.26%
VVV	B	-0.26%
BDC	B	-0.25%
AM	A	-0.25%
BYD	B	-0.25%
POST	D	-0.25%
ST	F	-0.24%
SON	D	-0.24%
NXST	D	-0.24%
SLM	A	-0.24%
UGI	C	-0.24%
GAP	C	-0.24%
OZK	A	-0.24%
AVNT	B	-0.23%
CUZ	B	-0.23%
NJR	A	-0.23%
VLY	A	-0.23%
AVT	C	-0.23%
LOPE	B	-0.23%
SBRA	C	-0.22%
TKR	F	-0.22%
CIVI	C	-0.22%
MUR	D	-0.22%
HAE	B	-0.22%
OGS	A	-0.21%
ORA	B	-0.21%
EEFT	C	-0.21%
BCO	F	-0.21%
KRC	C	-0.21%
WLK	F	-0.21%
DLB	D	-0.21%
AN	D	-0.21%
CNO	A	-0.2%
M	D	-0.2%
RYN	D	-0.2%
ASB	B	-0.2%
ASGN	F	-0.2%
ASH	F	-0.19%
TCBI	A	-0.19%
ENS	D	-0.19%
TNL	A	-0.18%
POWI	D	-0.18%
OPCH	F	-0.18%
SR	A	-0.18%
ACHC	F	-0.18%
HOG	D	-0.18%
BLKB	C	-0.17%
PII	F	-0.17%
TEX	D	-0.17%
NVST	C	-0.17%
CDP	C	-0.17%
VAL	F	-0.16%
SLAB	F	-0.16%
CHH	A	-0.16%
PCH	D	-0.15%
AMED	F	-0.15%
ALGM	F	-0.15%
NEOG	D	-0.15%
BHF	B	-0.15%
PK	D	-0.15%
SMG	D	-0.15%
WEN	C	-0.15%
FHI	A	-0.15%
NSP	F	-0.14%
VAC	C	-0.14%
LIVN	C	-0.14%
PAG	B	-0.14%
ZI	D	-0.14%
AMKR	F	-0.14%
MAN	F	-0.14%
SYNA	D	-0.14%
COTY	F	-0.13%
ENOV	C	-0.13%
GT	C	-0.13%
TDC	F	-0.13%
VC	F	-0.12%
RCM	A	-0.11%
CPRI	F	-0.11%
CNXC	F	-0.1%
PPC	B	-0.1%
AZTA	F	-0.1%
JWN	C	-0.1%
CAR	C	-0.09%
CRI	F	-0.09%
GEF	B	-0.08%
UAA	B	-0.08%
UA	B	-0.06%
MDY	B	-0.04%