QDF vs. SPDG ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)

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

SPDG

SPDR Portfolio S&P Sector Neutral Dividend ETF

SPDG Description

SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in dividend paying stocks of companies. It seeks to track the performance of the S&P Sector-Neutral High Yield Dividend Aristocrats Index, by using representative sampling technique. SPDR Series Trust - SPDR Portfolio S&P Sector Neutral Dividend ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$38.60

Average Daily Volume

1,534

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

Performance

Period	QDF	SPDG
30 Days	1.66%	1.42%
60 Days	2.62%	2.99%
90 Days	4.00%	5.95%
12 Months	26.92%	30.67%

58 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in SPDG	Overlap
ABBV	D	2.58%	1.27%	1.27%
ACN	C	1.93%	2.57%	1.93%
ADP	B	1.11%	0.5%	0.5%
ALLY	C	0.37%	0.11%	0.11%
AVGO	D	0.88%	9.3%	0.88%
BK	A	0.68%	0.58%	0.58%
BR	A	0.3%	0.11%	0.11%
CAT	B	0.75%	0.81%	0.75%
CFR	B	0.42%	0.08%	0.08%
CHRW	C	0.55%	0.06%	0.06%
CMA	A	0.58%	0.09%	0.09%
CUBE	D	0.37%	0.13%	0.13%
EIX	B	0.34%	0.17%	0.17%
EQR	B	0.55%	0.28%	0.28%
EVRG	A	0.42%	0.07%	0.07%
FAF	A	0.47%	0.07%	0.07%
FAST	B	0.68%	0.19%	0.19%
GILD	C	1.0%	0.43%	0.43%
HD	A	1.77%	4.14%	1.77%
HRB	D	0.17%	0.09%	0.09%
IPG	D	0.45%	0.43%	0.43%
ITW	B	0.74%	0.33%	0.33%
JHG	A	0.6%	0.06%	0.06%
JNJ	D	3.01%	1.53%	1.53%
KO	D	2.16%	1.26%	1.26%
LMT	D	0.62%	0.51%	0.51%
LNC	B	0.39%	0.06%	0.06%
LOW	D	1.27%	1.56%	1.27%
MAA	B	0.55%	0.21%	0.21%
MCHP	D	0.45%	0.44%	0.44%
MET	A	0.56%	0.51%	0.51%
MO	A	0.89%	0.48%	0.48%
MRK	F	0.45%	1.09%	0.45%
MS	A	0.98%	1.55%	0.98%
NNN	D	0.23%	0.09%	0.09%
NSA	D	0.49%	0.04%	0.04%
NTAP	C	0.22%	0.3%	0.22%
OGE	B	0.51%	0.04%	0.04%
OHI	C	0.52%	0.11%	0.11%
ORI	A	0.55%	0.1%	0.1%
PAYX	C	0.63%	0.18%	0.18%
PFG	D	0.39%	0.19%	0.19%
PM	B	1.41%	0.92%	0.92%
PNW	B	0.16%	0.05%	0.05%
PRU	A	0.61%	0.47%	0.47%
QCOM	F	1.68%	2.22%	1.68%
RDN	C	0.49%	0.06%	0.06%
RHI	B	0.38%	0.03%	0.03%
SBUX	A	0.76%	1.15%	0.76%
SMG	D	0.5%	0.03%	0.03%
SNA	A	0.56%	0.07%	0.07%
STWD	C	0.49%	0.07%	0.07%
SWKS	F	0.4%	0.17%	0.17%
UGI	A	0.49%	0.03%	0.03%
UNP	C	1.24%	0.66%	0.66%
VLO	C	0.55%	0.17%	0.17%
WU	D	0.45%	0.04%	0.04%
XOM	B	0.5%	1.84%	0.5%

QDF Overweight 69 Positions Relative to SPDG

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
MSFT	F	4.91%
META	D	3.1%
PG	A	3.03%
GOOGL	C	1.84%
INTU	C	1.74%
GOOG	C	1.63%
LRCX	F	0.87%
VRT	B	0.83%
NKE	D	0.83%
KLAC	D	0.76%
JPM	A	0.75%
ZTS	D	0.74%
MMM	D	0.65%
FIS	C	0.62%
AFL	B	0.62%
PEG	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%
TPR	B	0.57%
WTW	B	0.56%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
CPT	B	0.51%
IVZ	B	0.51%
BPOP	B	0.48%
WDFC	B	0.47%
DVN	F	0.46%
POOL	C	0.44%
WSM	B	0.43%
TT	A	0.43%
NUE	C	0.42%
WY	D	0.42%
HST	C	0.41%
V	A	0.4%
CTAS	B	0.39%
SCCO	F	0.36%
WMS	D	0.36%
APLE	B	0.35%
IRDM	D	0.31%
NEP	F	0.3%
MA	C	0.26%
OLN	D	0.25%
COST	B	0.24%
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 212 Positions Relative to SPDG

Symbol	Grade	Weight
VZ	C	-7.54%
ORCL	B	-3.47%
CSCO	B	-2.63%
UNH	C	-2.35%
IBM	C	-2.33%
TXN	C	-2.27%
MCD	D	-2.13%
GS	A	-1.87%
C	A	-1.39%
ADI	D	-1.25%
PEP	F	-1.06%
CVX	A	-0.94%
PNC	B	-0.86%
ABT	B	-0.83%
USB	A	-0.79%
TFC	A	-0.66%
AMGN	D	-0.64%
HON	B	-0.64%
ETN	A	-0.59%
APD	A	-0.59%
PFE	D	-0.59%
O	D	-0.55%
CCI	D	-0.54%
SO	D	-0.47%
BMY	B	-0.47%
MDT	D	-0.46%
DE	A	-0.45%
DUK	C	-0.43%
HPQ	B	-0.43%
UPS	C	-0.42%
CI	F	-0.41%
GLW	B	-0.41%
PH	A	-0.39%
TGT	F	-0.37%
MTB	A	-0.35%
GRMN	B	-0.35%
HPE	B	-0.35%
WM	A	-0.34%
CVS	D	-0.33%
FITB	A	-0.33%
GD	F	-0.32%
EMR	A	-0.32%
TSCO	D	-0.31%
STT	A	-0.3%
NOC	D	-0.29%
FDX	B	-0.29%
AEP	D	-0.27%
BDX	F	-0.27%
TROW	B	-0.27%
STX	D	-0.26%
PPG	F	-0.26%
HBAN	A	-0.26%
CINF	A	-0.25%
RF	A	-0.25%
NSC	B	-0.25%
KMB	D	-0.24%
KVUE	A	-0.23%
GPC	D	-0.22%
CFG	B	-0.22%
OKE	A	-0.22%
CMI	A	-0.21%
NTRS	A	-0.21%
EXC	C	-0.2%
PSX	C	-0.2%
LYB	F	-0.2%
KEY	B	-0.19%
GIS	D	-0.19%
NXST	C	-0.19%
BBY	D	-0.19%
LHX	C	-0.19%
SYY	B	-0.19%
RSG	A	-0.18%
KMI	A	-0.17%
FNF	B	-0.17%
PKG	A	-0.17%
AVY	D	-0.15%
UDR	B	-0.15%
ETR	B	-0.15%
WEC	A	-0.15%
ROK	B	-0.14%
CF	B	-0.14%
RPM	A	-0.14%
JNPR	F	-0.14%
AMCR	D	-0.13%
BXP	D	-0.12%
CAH	B	-0.12%
JEF	A	-0.12%
DOV	A	-0.12%
UNM	A	-0.12%
CCOI	B	-0.12%
DKS	C	-0.12%
CLX	B	-0.11%
FHN	A	-0.11%
K	A	-0.11%
FE	C	-0.11%
EMN	D	-0.11%
ES	D	-0.11%
WBS	A	-0.1%
HUBB	B	-0.1%
ADC	B	-0.09%
WSO	A	-0.09%
LDOS	C	-0.09%
HAS	D	-0.09%
TSN	B	-0.09%
FRT	B	-0.09%
SNV	B	-0.08%
PB	A	-0.08%
ZION	B	-0.08%
WHR	B	-0.07%
OC	A	-0.07%
CADE	B	-0.07%
CAG	D	-0.07%
ONB	B	-0.07%
BEN	C	-0.07%
CE	F	-0.07%
BAX	D	-0.07%
GPK	C	-0.07%
DGX	A	-0.07%
MAS	D	-0.07%
AVT	C	-0.06%
SJM	D	-0.06%
UBSI	B	-0.06%
FNB	A	-0.06%
SWK	D	-0.06%
FMC	D	-0.06%
COLB	A	-0.06%
GBCI	B	-0.06%
LECO	B	-0.05%
ALLE	D	-0.05%
CBT	C	-0.05%
CTRE	D	-0.05%
OZK	B	-0.05%
IDCC	A	-0.05%
NVT	B	-0.05%
DLB	B	-0.05%
HII	D	-0.04%
FHB	A	-0.04%
CDP	C	-0.04%
CBU	B	-0.04%
CATY	B	-0.04%
SLGN	A	-0.04%
DCI	B	-0.04%
TTC	D	-0.04%
KRC	C	-0.04%
ASB	B	-0.04%
PII	D	-0.04%
AVNT	B	-0.04%
AUB	B	-0.04%
INGR	B	-0.04%
FULT	A	-0.04%
SON	D	-0.04%
AOS	F	-0.04%
UCB	A	-0.04%
HRL	D	-0.04%
VLY	B	-0.04%
SEE	C	-0.04%
CPB	D	-0.04%
CC	C	-0.03%
CVBF	A	-0.03%
OSK	B	-0.03%
NFG	A	-0.03%
SXT	B	-0.03%
LCII	C	-0.03%
FFBC	A	-0.03%
FCPT	C	-0.03%
SFNC	B	-0.03%
ABR	C	-0.03%
FLS	B	-0.03%
INDB	B	-0.03%
BOH	B	-0.03%
WAFD	B	-0.03%
DTM	B	-0.03%
FHI	A	-0.03%
NEU	C	-0.03%
ASH	D	-0.03%
R	B	-0.03%
BKU	A	-0.03%
HASI	D	-0.03%
HIW	D	-0.03%
NWE	B	-0.02%
XRAY	F	-0.02%
MSM	C	-0.02%
KFY	B	-0.02%
ALE	A	-0.02%
OGN	D	-0.02%
TKR	D	-0.02%
PZZA	D	-0.02%
OGS	A	-0.02%
TRMK	B	-0.02%
SR	A	-0.02%
FLO	D	-0.02%
POR	C	-0.02%
SWX	B	-0.02%
MMS	F	-0.02%
BKH	A	-0.02%
VSH	D	-0.02%
GATX	A	-0.02%
BANR	B	-0.02%
PDCO	D	-0.01%
KMT	B	-0.01%
HI	C	-0.01%
B	B	-0.01%
ENR	B	-0.01%
WERN	C	-0.01%
NAVI	C	-0.01%
TRN	C	-0.01%
NSP	D	-0.01%
MAN	D	-0.01%
ABM	B	-0.01%
AVA	A	-0.01%
BRC	D	-0.01%
PRGO	B	-0.01%