QDF vs. SCHD ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Schwab US Dividend Equity ETF (SCHD)

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

SCHD

Schwab US Dividend Equity ETF

SCHD Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100 IndexSM. The fund invests at least 90% of its net assets in stocks that are included in the index. The index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios. The 100-component index is a subset of the Dow Jones U.S. Broad Market Index, excluding REITs, master limited partnerships, preferred stocks and convertibles. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.35

Average Daily Volume

10,548,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	SCHD
30 Days	1.66%	3.78%
60 Days	2.62%	4.60%
90 Days	4.00%	6.37%
12 Months	26.92%	27.79%

19 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in SCHD	Overlap
ABBV	D	2.58%	3.3%	2.58%
CHRW	C	0.55%	0.5%	0.5%
CMA	A	0.58%	0.35%	0.35%
FAST	B	0.68%	1.79%	0.68%
HD	A	1.77%	4.27%	1.77%
HRB	D	0.17%	0.31%	0.17%
IPG	D	0.45%	0.42%	0.42%
JHG	A	0.6%	0.22%	0.22%
KO	D	2.16%	3.31%	2.16%
LMT	D	0.62%	3.6%	0.62%
MO	A	0.89%	3.63%	0.89%
PAYX	C	0.63%	1.78%	0.63%
RDN	C	0.49%	0.2%	0.2%
RHI	B	0.38%	0.3%	0.3%
SNA	A	0.56%	0.72%	0.56%
SWKS	F	0.4%	0.51%	0.4%
TPR	B	0.57%	0.51%	0.51%
VLO	C	0.55%	1.75%	0.55%
WU	D	0.45%	0.14%	0.14%

QDF Overweight 108 Positions Relative to SCHD

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%
ACN	C	1.93%
GOOGL	C	1.84%
INTU	C	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
PM	B	1.41%
LOW	D	1.27%
UNP	C	1.24%
ADP	B	1.11%
GILD	C	1.0%
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%
BK	A	0.68%
MMM	D	0.65%
FIS	C	0.62%
AFL	B	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
PSA	D	0.6%
D	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
EA	A	0.58%
GEN	B	0.58%
MET	A	0.56%
WTW	B	0.56%
ORI	A	0.55%
EQR	B	0.55%
MAA	B	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%
XOM	B	0.5%
SMG	D	0.5%
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%
MRK	F	0.45%
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%
V	A	0.4%
CTAS	B	0.39%
LNC	B	0.39%
PFG	D	0.39%
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%
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%
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%
BAC	A	0.02%
BBWI	D	0.01%

QDF Underweight 80 Positions Relative to SCHD

Symbol	Grade	Weight
BLK	C	-4.53%
BMY	B	-4.49%
CSCO	B	-4.47%
CVX	A	-4.37%
TXN	C	-3.87%
VZ	C	-3.78%
UPS	C	-3.69%
PEP	F	-3.55%
PFE	D	-3.51%
AMGN	D	-3.43%
USB	A	-2.99%
EOG	A	-2.96%
OKE	A	-2.4%
KMB	D	-1.69%
F	C	-1.65%
MTB	A	-1.36%
FITB	A	-1.23%
TROW	B	-1.02%
HSY	F	-1.01%
HBAN	A	-0.97%
RF	A	-0.92%
CINF	A	-0.89%
LYB	F	-0.81%
PKG	A	-0.8%
DRI	B	-0.77%
CTRA	B	-0.72%
KEY	B	-0.69%
BBY	D	-0.67%
WSO	A	-0.64%
CF	B	-0.6%
FNF	B	-0.6%
AMCR	D	-0.56%
EWBC	A	-0.55%
UNM	A	-0.49%
DKS	C	-0.44%
ZION	B	-0.34%
APA	D	-0.31%
SNV	B	-0.31%
MTN	C	-0.26%
COLB	A	-0.25%
WHR	B	-0.24%
DINO	D	-0.24%
NXST	C	-0.2%
OZK	B	-0.19%
IBOC	A	-0.15%
MSM	C	-0.15%
CATY	B	-0.14%
APAM	B	-0.13%
BOH	B	-0.12%
WEN	D	-0.12%
HUN	F	-0.12%
CVBF	A	-0.11%
BANR	B	-0.1%
HTLF	B	-0.1%
CNS	B	-0.1%
NSP	D	-0.1%
OFG	B	-0.08%
NWBI	B	-0.07%
LKFN	B	-0.07%
FCF	A	-0.07%
CHCO	B	-0.07%
CRI	D	-0.07%
BKE	B	-0.06%
LEG	F	-0.06%
VRTS	B	-0.06%
STBA	B	-0.06%
GABC	B	-0.05%
FBMS	B	-0.04%
PFC	A	-0.04%
KFRC	D	-0.04%
CBRL	C	-0.04%
SRCE	B	-0.04%
AMSF	B	-0.04%
OXM	D	-0.04%
PFBC	B	-0.04%
ETD	C	-0.03%
CPF	A	-0.03%
CWEN	C	-0.03%
HFWA	B	-0.03%
GES	F	-0.02%

SCHD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Asset Management Drug Manufacturers - Major Home Furnishings & Fixtures Oil & Gas E&P Restaurants Staffing & Outsourcing Services Apparel Manufacturing Apparel Stores Beverages - Soft Drinks Industrial Distribution Insurance - Property & Casualty Insurance - Specialty Integrated Shipping & Logistics Oil & Gas Refining & Marketing Packaging & Containers Savings & Cooperative Banks Semiconductors Specialty Retail Advertising Agencies