QDF vs. JDIV ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to JPMorgan Dividend Leaders ETF (JDIV)

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

JDIV

JPMorgan Dividend Leaders ETF

JDIV Description

JDIV seeks long-term capital growth and current income through investments in dividend-paying companies and equity-related instruments. Companies selected have been identified as attractively valued and considered dividend leaders. These companies are known to have dividend growth potential and/or can maintain high dividend payouts over time. Individual stock selection begins by assessing securities globally, to identify those with attractive opportunities for underlying earnings growth, resilient business models, strong free cash flow generation, and strong capital allocation. ESG factors are also considered. The portfolio will typically consist of 40 to 90 securities, denominated in US and foreign currencies. The fund is actively managed and may invest in securities of any capitalization but will focus on large-caps. Derivatives may also be utilized to better achieve its investment goals.

Grade (RS Rating)

Last Trade

$47.39

Average Daily Volume

1,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	JDIV
30 Days	1.66%	-1.91%
60 Days	2.62%
90 Days	4.00%
12 Months	26.92%

16 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in JDIV	Overlap
ABBV	D	2.58%	1.65%	1.65%
ACN	C	1.93%	2.06%	1.93%
AVGO	D	0.88%	1.76%	0.88%
BAC	A	0.02%	1.81%	0.02%
D	C	0.59%	0.67%	0.59%
FIS	C	0.62%	2.53%	0.62%
JNJ	D	3.01%	1.78%	1.78%
KO	D	2.16%	1.1%	1.1%
LOW	D	1.27%	1.28%	1.27%
MA	C	0.26%	1.42%	0.26%
MCHP	D	0.45%	1.17%	0.45%
META	D	3.1%	3.06%	3.06%
MRK	F	0.45%	0.74%	0.45%
MS	A	0.98%	2.12%	0.98%
MSFT	F	4.91%	5.94%	4.91%
XOM	B	0.5%	1.41%	0.5%

QDF Overweight 111 Positions Relative to JDIV

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
PG	A	3.03%
GOOGL	C	1.84%
HD	A	1.77%
INTU	C	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
PM	B	1.41%
UNP	C	1.24%
ADP	B	1.11%
GILD	C	1.0%
MO	A	0.89%
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%
LMT	D	0.62%
AFL	B	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
JHG	A	0.6%
PSA	D	0.6%
AVB	B	0.58%
EBAY	D	0.58%
EA	A	0.58%
CMA	A	0.58%
GEN	B	0.58%
TPR	B	0.57%
MET	A	0.56%
SNA	A	0.56%
WTW	B	0.56%
ORI	A	0.55%
CHRW	C	0.55%
EQR	B	0.55%
MAA	B	0.55%
VLO	C	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
OHI	C	0.52%
CPT	B	0.51%
IVZ	B	0.51%
OGE	B	0.51%
SMG	D	0.5%
RDN	C	0.49%
STWD	C	0.49%
UGI	A	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
DVN	F	0.46%
IPG	D	0.45%
WU	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%
PFG	D	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%
EIX	B	0.34%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
OLN	D	0.25%
COST	B	0.24%
NNN	D	0.23%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PNW	B	0.16%
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%
BBWI	D	0.01%

QDF Underweight 24 Positions Relative to JDIV

Symbol	Grade	Weight
UNH	C	-2.43%
OTIS	C	-2.4%
MCD	D	-2.2%
ABT	B	-1.94%
YUM	B	-1.91%
SO	D	-1.84%
NEE	D	-1.8%
CME	A	-1.71%
HON	B	-1.35%
WELL	A	-1.31%
CVX	A	-1.3%
LIN	D	-1.28%
ROST	C	-1.26%
BKR	B	-1.13%
TSM	B	-1.13%
CRM	B	-1.13%
WFC	A	-1.06%
TFC	A	-1.05%
ADI	D	-0.96%
STX	D	-0.81%
BMY	B	-0.76%
DOW	F	-0.75%
PLD	D	-0.73%
CMS	C	-0.44%