QDEF vs. UDIV ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Franklin U.S. Core Dividend Tilt Index ETF (UDIV)

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

UDIV

Franklin U.S. Core Dividend Tilt Index ETF

UDIV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ Global Dividend Index. The fund invests at least 80% of its assets in the component securities of the index and in depositary receipts representing such securities. The index includes stocks from developed and emerging market countries with high and persistent dividend income that have favorable exposure to a quality investment style factor.

Grade (RS Rating)

Last Trade

$46.42

Average Daily Volume

4,741

Number of Holdings ^*

277

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	UDIV
30 Days	1.58%	2.89%
60 Days	2.63%	4.78%
90 Days	4.66%	6.71%
12 Months	30.49%	35.02%

69 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in UDIV	Overlap
AAPL	C	6.07%	6.17%	6.07%
ABBV	D	2.6%	0.97%	0.97%
ADP	B	1.13%	0.13%	0.13%
AMT	D	0.82%	0.35%	0.35%
AVB	B	0.18%	0.18%	0.18%
AVGO	D	0.88%	1.72%	0.88%
BAC	A	0.02%	0.65%	0.02%
BK	A	0.67%	0.33%	0.33%
BMY	B	0.45%	0.69%	0.45%
BSY	D	0.37%	0.01%	0.01%
CAH	B	0.17%	0.02%	0.02%
CME	A	0.71%	0.46%	0.46%
COST	B	0.24%	0.26%	0.24%
CPT	B	0.51%	0.07%	0.07%
CSCO	B	0.61%	0.86%	0.61%
D	C	0.56%	0.27%	0.27%
DELL	C	0.46%	0.1%	0.1%
DUK	C	0.77%	0.49%	0.49%
EBAY	D	0.4%	0.13%	0.13%
ED	D	0.49%	0.19%	0.19%
EQR	B	0.53%	0.14%	0.14%
ESS	B	0.54%	0.11%	0.11%
EVRG	A	0.4%	0.08%	0.08%
EXC	C	0.39%	0.22%	0.22%
FAST	B	0.58%	0.27%	0.27%
FIS	C	0.6%	0.02%	0.02%
GEN	B	0.59%	0.07%	0.07%
GILD	C	1.03%	0.63%	0.63%
GIS	D	0.45%	0.2%	0.2%
GOOG	C	1.1%	1.73%	1.1%
GOOGL	C	1.36%	1.92%	1.36%
HD	A	3.07%	1.06%	1.06%
IBM	C	1.7%	0.81%	0.81%
INTU	C	1.29%	0.47%	0.47%
IPG	D	0.46%	0.06%	0.06%
ITW	B	0.74%	0.43%	0.43%
JNJ	D	2.93%	1.16%	1.16%
JPM	A	0.73%	1.35%	0.73%
K	A	0.53%	0.12%	0.12%
KLAC	D	0.79%	0.3%	0.3%
KMB	D	0.51%	0.26%	0.26%
KO	D	0.65%	0.74%	0.65%
LOW	D	0.47%	0.27%	0.27%
MA	C	0.23%	0.23%	0.23%
MAA	B	0.53%	0.1%	0.1%
MET	A	0.53%	0.11%	0.11%
META	D	2.76%	2.13%	2.13%
MMM	D	0.66%	0.36%	0.36%
MO	A	0.86%	0.56%	0.56%
MRK	F	2.25%	0.71%	0.71%
MSFT	F	4.97%	6.07%	4.97%
NVDA	C	6.0%	6.83%	6.0%
PAYX	C	0.63%	0.26%	0.26%
PEG	A	0.26%	0.16%	0.16%
PG	A	2.83%	0.78%	0.78%
PM	B	1.65%	0.86%	0.86%
PPL	B	0.55%	0.14%	0.14%
PSA	D	0.59%	0.29%	0.29%
QCOM	F	1.65%	0.74%	0.74%
SBUX	A	0.98%	0.3%	0.3%
SCCO	F	0.16%	0.06%	0.06%
SWKS	F	0.39%	0.08%	0.08%
T	A	0.77%	0.79%	0.77%
V	A	0.38%	0.34%	0.34%
VRT	B	0.45%	0.18%	0.18%
VZ	C	0.65%	0.77%	0.65%
WEC	A	0.28%	0.18%	0.18%
WMT	A	0.12%	0.03%	0.03%
XOM	B	0.5%	1.35%	0.5%

QDEF Overweight 54 Positions Relative to UDIV

Symbol	Grade	Weight
TMUS	B	1.14%
LMT	D	1.05%
TJX	A	0.99%
CI	F	0.83%
MSI	B	0.74%
MCK	B	0.71%
UNM	A	0.65%
EME	C	0.64%
BWXT	B	0.64%
UMBF	B	0.61%
EA	A	0.6%
AFL	B	0.6%
CFR	B	0.6%
AIZ	A	0.58%
WTW	B	0.58%
VIRT	B	0.57%
CSWI	A	0.57%
COR	B	0.57%
LDOS	C	0.57%
VRSK	A	0.57%
WDFC	B	0.55%
ORI	A	0.54%
RMD	C	0.54%
CSL	C	0.53%
OHI	C	0.53%
PNW	B	0.52%
IRDM	D	0.52%
OTIS	C	0.51%
OMF	A	0.5%
LSTR	D	0.49%
AVY	D	0.48%
DOX	D	0.48%
BPOP	B	0.48%
RDN	C	0.48%
NSA	D	0.47%
OGE	B	0.47%
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%
CHE	D	0.39%
MSM	C	0.37%
STNG	F	0.36%
STWD	C	0.32%
NEP	F	0.32%
MAS	D	0.23%
NNN	D	0.21%
BAH	F	0.12%
DDS	B	0.12%
ROL	B	0.12%
ZTS	D	0.11%

QDEF Underweight 208 Positions Relative to UDIV

Symbol	Grade	Weight
AMZN	C	-3.48%
TSLA	B	-1.48%
LLY	F	-1.21%
CVX	A	-1.12%
MS	A	-0.94%
UNH	C	-0.87%
BLK	C	-0.87%
TXN	C	-0.85%
C	A	-0.82%
BX	A	-0.76%
PFE	D	-0.66%
NFLX	A	-0.64%
AMGN	D	-0.62%
UPS	C	-0.57%
PEP	F	-0.57%
MDT	D	-0.56%
SO	D	-0.53%
ADI	D	-0.52%
CRM	B	-0.51%
ORCL	B	-0.5%
PNC	B	-0.5%
ABT	B	-0.48%
NOW	A	-0.47%
USB	A	-0.47%
ACN	C	-0.45%
GS	A	-0.44%
AMD	F	-0.43%
PLD	D	-0.43%
WFC	A	-0.42%
WMB	A	-0.41%
ETN	A	-0.41%
INTC	D	-0.41%
APO	B	-0.4%
CVS	D	-0.39%
AMAT	F	-0.38%
OKE	A	-0.38%
TFC	A	-0.38%
CMCSA	B	-0.36%
NXPI	D	-0.35%
ADBE	C	-0.35%
LRCX	F	-0.34%
SPG	B	-0.33%
KMI	A	-0.32%
DLR	B	-0.32%
PLTR	B	-0.31%
CRWD	B	-0.3%
UNP	C	-0.3%
CMI	A	-0.3%
AEP	D	-0.29%
ANET	C	-0.28%
PRU	A	-0.28%
UBER	D	-0.28%
TGT	F	-0.28%
MELI	D	-0.28%
O	D	-0.28%
F	C	-0.27%
PANW	C	-0.27%
COP	C	-0.25%
CCI	D	-0.24%
KVUE	A	-0.23%
HPQ	B	-0.23%
MCD	D	-0.23%
JCI	C	-0.23%
MSCI	C	-0.23%
MTB	A	-0.22%
EMR	A	-0.22%
PSX	C	-0.22%
EQIX	A	-0.21%
FANG	D	-0.21%
GLW	B	-0.21%
XEL	A	-0.21%
EXR	D	-0.2%
MU	D	-0.2%
ROK	B	-0.2%
MCHP	D	-0.2%
VICI	C	-0.19%
DOW	F	-0.19%
EIX	B	-0.19%
FITB	A	-0.19%
STT	A	-0.18%
HON	B	-0.18%
BKR	B	-0.18%
APD	A	-0.18%
RTX	C	-0.18%
GRMN	B	-0.18%
ETR	B	-0.18%
ARES	A	-0.18%
IRM	D	-0.17%
SYY	B	-0.17%
HBAN	A	-0.16%
TROW	B	-0.16%
DVN	F	-0.16%
KKR	A	-0.16%
KHC	F	-0.16%
SW	A	-0.16%
RF	A	-0.15%
LIN	D	-0.14%
ISRG	A	-0.14%
DFS	B	-0.14%
VTR	C	-0.14%
CDNS	B	-0.14%
CINF	A	-0.14%
DTE	C	-0.14%
NTAP	C	-0.14%
IFF	D	-0.13%
LYB	F	-0.13%
DIS	B	-0.13%
NTRS	A	-0.13%
CFG	B	-0.13%
COIN	C	-0.13%
NKE	D	-0.13%
MPWR	F	-0.12%
INVH	D	-0.12%
DRI	B	-0.12%
CLX	B	-0.12%
CTRA	B	-0.12%
CMG	B	-0.12%
IP	B	-0.12%
WELL	A	-0.12%
PFG	D	-0.12%
FE	C	-0.12%
MRVL	B	-0.12%
PKG	A	-0.12%
ES	D	-0.12%
ZS	C	-0.11%
TSN	B	-0.11%
GPC	D	-0.11%
CMS	C	-0.11%
SNA	A	-0.11%
BBY	D	-0.11%
BR	A	-0.11%
LUV	C	-0.11%
STX	D	-0.11%
OMC	C	-0.11%
NEE	D	-0.11%
DASH	A	-0.11%
KEY	B	-0.11%
WSO	A	-0.11%
SNPS	B	-0.11%
ALL	A	-0.1%
VTRS	A	-0.1%
ARE	D	-0.1%
KIM	A	-0.1%
CAT	B	-0.1%
HPE	B	-0.1%
SUI	D	-0.09%
DOC	D	-0.09%
AMCR	D	-0.09%
LNT	A	-0.09%
DDOG	A	-0.09%
FNF	B	-0.09%
EWBC	A	-0.09%
BAX	D	-0.09%
EL	F	-0.09%
NI	A	-0.09%
UDR	B	-0.08%
FDX	B	-0.08%
SWK	D	-0.08%
AXON	A	-0.08%
VLO	C	-0.08%
LVS	C	-0.08%
EOG	A	-0.07%
SJM	D	-0.07%
WPC	D	-0.07%
CG	A	-0.07%
NSC	B	-0.07%
JNPR	F	-0.07%
REG	B	-0.07%
EMN	D	-0.07%
BXP	D	-0.07%
CAG	D	-0.07%
HST	C	-0.07%
ELS	C	-0.07%
AES	F	-0.06%
WDAY	B	-0.06%
APA	D	-0.06%
SLB	C	-0.06%
HUBS	A	-0.06%
SNOW	C	-0.06%
CNH	C	-0.06%
TTD	B	-0.06%
NET	B	-0.06%
GD	F	-0.06%
LKQ	D	-0.06%
HUBB	B	-0.06%
MDB	C	-0.05%
CPB	D	-0.05%
HRL	D	-0.05%
APH	A	-0.05%
TAP	C	-0.05%
BEN	C	-0.04%
TSCO	D	-0.04%
SQ	B	-0.04%
WBA	F	-0.04%
RPRX	D	-0.04%
ENTG	D	-0.04%
CRBG	B	-0.04%
AEE	A	-0.03%
SMCI	F	-0.03%
DG	F	-0.03%
AGR	B	-0.02%
SYK	C	-0.02%
OKTA	C	-0.02%
DT	C	-0.02%
TT	A	-0.02%
TER	D	-0.02%
SIRI	C	-0.01%
NEM	D	-0.01%