QDF vs. DVY ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to iShares Select Dividend ETF (DVY)

QDF

FlexShares Quality Dividend Index Fund

QDF 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 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 similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

DVY

iShares Select Dividend ETF

DVY Description

The investment seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Dividend Index (the "underlying index"), which measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.

Grade (RS Rating)

Last Trade

$142.08

Average Daily Volume

343,986

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	DVY
30 Days	1.66%	4.91%
60 Days	2.62%	5.88%
90 Days	4.00%	8.67%
12 Months	26.92%	33.72%

25 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in DVY	Overlap
CMA	A	0.58%	0.99%	0.58%
D	C	0.59%	1.68%	0.59%
EIX	B	0.34%	1.41%	0.34%
GILD	C	1.0%	1.27%	1.0%
HRB	D	0.17%	0.8%	0.17%
IPG	D	0.45%	0.84%	0.45%
IVZ	B	0.51%	0.83%	0.51%
JHG	A	0.6%	0.61%	0.6%
KO	D	2.16%	0.81%	0.81%
LMT	D	0.62%	0.89%	0.62%
MET	A	0.56%	0.88%	0.56%
MO	A	0.89%	3.22%	0.89%
MRK	F	0.45%	0.44%	0.44%
OGE	B	0.51%	0.89%	0.51%
OMF	A	0.52%	0.69%	0.52%
ORI	A	0.55%	1.0%	0.55%
PEG	A	0.61%	1.38%	0.61%
PFG	D	0.39%	0.9%	0.39%
PM	B	1.41%	2.0%	1.41%
PNW	B	0.16%	1.1%	0.16%
PRU	A	0.61%	1.39%	0.61%
UGI	A	0.49%	0.52%	0.49%
VLO	C	0.55%	0.75%	0.55%
WU	D	0.45%	0.4%	0.4%
XOM	B	0.5%	1.01%	0.5%

QDF Overweight 102 Positions Relative to DVY

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
MSFT	F	4.91%
META	D	3.1%
PG	A	3.03%
JNJ	D	3.01%
ABBV	D	2.58%
ACN	C	1.93%
GOOGL	C	1.84%
HD	A	1.77%
INTU	C	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
LOW	D	1.27%
UNP	C	1.24%
ADP	B	1.11%
MS	A	0.98%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
KLAC	D	0.76%
CAT	B	0.75%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
FAST	B	0.68%
BK	A	0.68%
MMM	D	0.65%
PAYX	C	0.63%
FIS	C	0.62%
AFL	B	0.62%
VIRT	B	0.6%
KTB	B	0.6%
PSA	D	0.6%
AVB	B	0.58%
EBAY	D	0.58%
EA	A	0.58%
GEN	B	0.58%
TPR	B	0.57%
SNA	A	0.56%
WTW	B	0.56%
CHRW	C	0.55%
EQR	B	0.55%
MAA	B	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OHI	C	0.52%
CPT	B	0.51%
SMG	D	0.5%
RDN	C	0.49%
STWD	C	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
DVN	F	0.46%
MCHP	D	0.45%
POOL	C	0.44%
WSM	B	0.43%
TT	A	0.43%
CFR	B	0.42%
NUE	C	0.42%
EVRG	A	0.42%
WY	D	0.42%
HST	C	0.41%
SWKS	F	0.4%
V	A	0.4%
CTAS	B	0.39%
LNC	B	0.39%
RHI	B	0.38%
ALLY	C	0.37%
CUBE	D	0.37%
SCCO	F	0.36%
WMS	D	0.36%
APLE	B	0.35%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
MA	C	0.26%
OLN	D	0.25%
COST	B	0.24%
NNN	D	0.23%
NTAP	C	0.22%
WING	D	0.2%
RMD	C	0.17%
DPZ	C	0.17%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
WMT	A	0.13%
BSY	D	0.13%
EXP	A	0.08%
WFRD	D	0.07%
CSWI	A	0.07%
BKNG	A	0.07%
MAR	B	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	D	0.01%

QDF Underweight 73 Positions Relative to DVY

Symbol	Grade	Weight
T	A	-2.12%
IP	B	-2.08%
OKE	A	-1.97%
CFG	B	-1.96%
KEY	B	-1.89%
TFC	A	-1.87%
RF	A	-1.79%
VZ	C	-1.65%
ETR	B	-1.62%
HBAN	A	-1.6%
BBY	D	-1.41%
FITB	A	-1.4%
NI	A	-1.4%
USB	A	-1.39%
PFE	D	-1.35%
WEC	A	-1.32%
NRG	B	-1.28%
ES	D	-1.24%
LNT	A	-1.23%
AEP	D	-1.21%
NEE	D	-1.21%
FE	C	-1.2%
PPL	B	-1.2%
HPQ	B	-1.19%
CAG	D	-1.18%
TROW	B	-1.17%
FHN	A	-1.17%
KMB	D	-1.11%
FNF	B	-1.09%
EXC	C	-1.09%
UNM	A	-1.08%
CVX	A	-1.08%
SRE	A	-1.07%
F	C	-1.06%
LYB	F	-1.04%
CMS	C	-1.04%
XEL	A	-1.03%
DTE	C	-1.02%
NEM	D	-0.99%
PKG	A	-0.96%
IBM	C	-0.95%
CINF	A	-0.94%
GIS	D	-0.88%
GRMN	B	-0.88%
OMC	C	-0.85%
WSO	A	-0.82%
STX	D	-0.82%
CNP	B	-0.78%
SW	A	-0.77%
FMC	D	-0.72%
BEN	C	-0.64%
WHR	B	-0.64%
FNB	A	-0.63%
LAZ	B	-0.63%
UBSI	B	-0.62%
IDA	A	-0.62%
GPC	D	-0.55%
MCD	D	-0.55%
NJR	A	-0.5%
SON	D	-0.5%
VLY	B	-0.48%
BKH	A	-0.45%
WBA	F	-0.44%
SWX	B	-0.43%
MSM	C	-0.4%
NWL	B	-0.37%
FHI	A	-0.37%
NWE	B	-0.36%
HUN	F	-0.32%
WEN	D	-0.31%
AVA	A	-0.3%
CC	C	-0.29%
KSS	F	-0.2%