QDF vs. QLC ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to FlexShares US Quality Large Cap Index Fund (QLC)

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

$71.33

Average Daily Volume

45,847

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$64.91

Average Daily Volume

45,344

Number of Holdings ^*

162

* may have additional holdings in another (foreign) market

Performance

Period	QDF	QLC
30 Days	3.71%	4.16%
60 Days	9.65%	10.83%
90 Days	6.61%	4.05%
12 Months	31.89%	38.17%

57 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in QLC	Overlap
AAPL	C	8.57%	7.78%	7.78%
ABBV	C	3.08%	0.23%	0.23%
ACN	B	1.97%	0.7%	0.7%
ADP	A	1.07%	0.05%	0.05%
AFL	A	0.64%	0.64%	0.64%
ALLY	F	0.36%	0.33%	0.33%
AVB	C	0.57%	0.55%	0.55%
AVGO	B	0.91%	1.77%	0.91%
BAC	B	0.02%	1.3%	0.02%
BK	A	0.62%	0.64%	0.62%
BKNG	B	0.06%	0.56%	0.06%
CAT	A	0.78%	1.0%	0.78%
CL	D	0.17%	0.37%	0.17%
COR	F	0.12%	0.54%	0.12%
EA	D	0.51%	0.26%	0.26%
EBAY	A	0.62%	0.52%	0.52%
EIX	C	0.35%	0.23%	0.23%
EQR	C	0.55%	0.45%	0.45%
EVRG	C	0.41%	0.03%	0.03%
FIS	A	0.59%	0.34%	0.34%
GILD	A	0.96%	0.15%	0.15%
GOOG	B	1.55%	2.82%	1.55%
GOOGL	B	1.76%	2.85%	1.76%
HD	A	1.79%	0.69%	0.69%
HST	D	0.42%	0.46%	0.42%
INTU	F	1.57%	0.98%	0.98%
ITW	C	0.72%	0.76%	0.72%
JNJ	D	3.17%	1.61%	1.61%
JPM	C	0.64%	1.83%	0.64%
KLAC	B	0.96%	0.81%	0.81%
LMT	A	0.71%	0.68%	0.68%
LOW	C	1.29%	0.47%	0.47%
LRCX	D	1.01%	0.84%	0.84%
MAA	D	0.55%	0.02%	0.02%
MCHP	F	0.55%	0.28%	0.28%
MET	A	0.55%	0.55%	0.55%
META	A	3.23%	2.51%	2.51%
MMM	C	0.69%	0.27%	0.27%
MO	D	0.81%	0.28%	0.28%
MPC	D	0.56%	0.59%	0.56%
MRK	F	0.52%	1.08%	0.52%
MS	A	0.78%	0.55%	0.55%
MSFT	D	4.98%	4.9%	4.9%
NTAP	D	0.23%	0.18%	0.18%
NUE	D	0.43%	0.42%	0.42%
NVDA	B	4.97%	5.56%	4.97%
PAYX	B	0.63%	0.16%	0.16%
PEG	A	0.63%	0.64%	0.63%
PG	D	3.08%	1.33%	1.33%
PM	D	1.29%	0.52%	0.52%
PRU	B	0.58%	0.27%	0.27%
PSA	C	0.64%	0.54%	0.54%
QCOM	D	1.73%	0.7%	0.7%
RMD	C	0.17%	0.4%	0.17%
VLO	F	0.53%	0.54%	0.53%
WSM	C	0.49%	0.16%	0.16%
WY	C	0.46%	0.48%	0.46%

QDF Overweight 70 Positions Relative to QLC

Symbol	Grade	Weight
KO	C	2.51%
UNP	F	1.3%
NKE	D	0.93%
ZTS	C	0.81%
SBUX	B	0.73%
VRT	B	0.7%
D	A	0.6%
SMG	C	0.59%
FAST	C	0.59%
NXPI	F	0.56%
NSA	D	0.54%
GEN	A	0.54%
CHRW	C	0.54%
IVZ	A	0.53%
WTW	C	0.53%
KTB	C	0.53%
OHI	C	0.53%
ORI	A	0.52%
VIRT	B	0.52%
CPT	C	0.52%
XOM	A	0.51%
NEP	D	0.51%
IPG	D	0.51%
JHG	A	0.51%
RDN	D	0.5%
OGE	C	0.5%
CMA	C	0.5%
WU	D	0.5%
STWD	C	0.5%
UGI	C	0.49%
FAF	C	0.48%
DVN	F	0.48%
SWKS	F	0.47%
BPOP	D	0.47%
SNA	C	0.46%
POOL	D	0.46%
TPR	B	0.46%
WDFC	B	0.44%
OMF	D	0.43%
WMS	D	0.43%
SCCO	B	0.42%
TT	A	0.41%
CUBE	C	0.4%
PFG	A	0.39%
CTAS	C	0.38%
V	B	0.36%
RHI	D	0.35%
IRDM	C	0.35%
LNC	B	0.35%
APLE	B	0.34%
CFR	B	0.33%
OLN	D	0.29%
BR	B	0.29%
NNN	C	0.27%
WING	C	0.26%
MA	A	0.25%
COST	C	0.23%
HRB	C	0.18%
DPZ	D	0.17%
PNW	C	0.16%
BSY	D	0.14%
PAYC	D	0.12%
WMT	A	0.12%
EXP	C	0.08%
WFRD	F	0.07%
CSWI	A	0.06%
MAR	A	0.04%
COP	D	0.04%
STNG	B	0.02%
BBWI	F	0.01%

QDF Underweight 105 Positions Relative to QLC

Symbol	Grade	Weight
BRK.A	B	-2.36%
AMZN	C	-2.21%
LLY	D	-1.39%
CSCO	A	-1.19%
C	B	-1.16%
ORCL	A	-1.05%
GE	B	-1.04%
SO	A	-0.9%
CI	D	-0.84%
ADBE	F	-0.84%
AMAT	C	-0.8%
CMCSA	B	-0.78%
T	B	-0.78%
MCK	F	-0.65%
AMGN	D	-0.64%
SPG	A	-0.62%
TSLA	C	-0.61%
NFLX	A	-0.61%
NVR	C	-0.61%
CBRE	C	-0.61%
ETR	A	-0.6%
AZO	D	-0.59%
COF	A	-0.59%
FICO	C	-0.59%
GS	B	-0.58%
GWW	B	-0.58%
ED	C	-0.57%
PPL	C	-0.57%
LDOS	A	-0.57%
ESS	D	-0.53%
ADI	B	-0.53%
CHKP	A	-0.52%
AIG	C	-0.51%
NRG	A	-0.49%
KR	C	-0.47%
KMB	D	-0.47%
STLD	C	-0.45%
SYF	A	-0.44%
MELI	D	-0.43%
GIS	C	-0.42%
FTNT	A	-0.42%
OMC	C	-0.42%
EXPD	D	-0.42%
BMY	A	-0.42%
EXC	C	-0.41%
STT	A	-0.41%
DVA	C	-0.4%
MTD	C	-0.4%
CNC	F	-0.39%
UPS	D	-0.38%
CSL	A	-0.36%
CTSH	B	-0.35%
WFC	B	-0.34%
RCL	B	-0.31%
DELL	C	-0.29%
CMI	A	-0.28%
MAS	C	-0.27%
PHM	C	-0.27%
WAB	A	-0.27%
PCAR	D	-0.27%
JBL	C	-0.26%
TAP	D	-0.26%
APP	A	-0.24%
FITB	C	-0.24%
HCA	C	-0.23%
OXY	D	-0.23%
HOLX	D	-0.22%
IDXX	D	-0.22%
CAH	B	-0.21%
ABNB	D	-0.21%
DASH	A	-0.21%
ICLR	F	-0.21%
BBY	C	-0.21%
PSX	D	-0.2%
IT	A	-0.19%
FI	A	-0.16%
ELV	F	-0.16%
HOOD	B	-0.15%
THC	D	-0.15%
DFS	A	-0.14%
LYB	B	-0.13%
UTHR	C	-0.13%
ABT	C	-0.13%
CE	D	-0.13%
MANH	A	-0.12%
LEN	C	-0.11%
EME	B	-0.11%
AOS	C	-0.1%
GEHC	C	-0.09%
REGN	D	-0.09%
CRBG	B	-0.08%
FLEX	B	-0.07%
TGT	C	-0.07%
EXPE	B	-0.05%
ZM	B	-0.05%
DHR	D	-0.05%
SYK	C	-0.04%
JLL	C	-0.03%
CRM	B	-0.03%
ROP	D	-0.03%
EMR	B	-0.02%
MEDP	F	-0.02%
TXT	F	-0.02%
ADM	F	-0.02%
LAMR	C	-0.02%