USNZ vs. QDEF ETF Comparison

Comparison of Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ Description

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is an exchange traded fund launched and managed by DBX Advisors LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index, by using full replication technique. The fund does not invest in companies operating across controversial weapons, exhibit poor overall ESG performance, fossil fuels, oil sands, hydraulic fracturing and shale oil/gas, artic or deep water drilling, tobacco, weapons and firearms, alcohol, gambling, adult entertainment or recreational cannabis. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.91

Average Daily Volume

6,669

Number of Holdings ^*

332

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF 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 Defensive 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 that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	USNZ	QDEF
30 Days	1.39%	1.58%
60 Days	2.90%	2.63%
90 Days	3.59%	4.66%
12 Months	30.67%	30.49%

64 Overlapping Holdings

Symbol	Grade	Weight in USNZ	Weight in QDEF	Overlap
AAPL	C	8.59%	6.07%	6.07%
ABBV	D	0.72%	2.6%	0.72%
ADP	B	0.26%	1.13%	0.26%
AFL	B	0.11%	0.6%	0.11%
AMT	D	0.29%	0.82%	0.29%
AVB	B	0.18%	0.18%	0.18%
AVGO	D	1.67%	0.88%	0.88%
BAC	A	0.63%	0.02%	0.02%
BK	A	0.13%	0.67%	0.13%
BMY	B	0.4%	0.45%	0.4%
CAH	B	0.1%	0.17%	0.1%
CI	F	0.17%	0.83%	0.17%
CME	A	0.17%	0.71%	0.17%
COR	B	0.17%	0.57%	0.17%
CSCO	B	0.59%	0.61%	0.59%
DOX	D	0.02%	0.48%	0.02%
DPZ	C	0.03%	0.41%	0.03%
EA	A	0.08%	0.6%	0.08%
EBAY	D	0.19%	0.4%	0.19%
EQR	B	0.16%	0.53%	0.16%
ESS	B	0.15%	0.54%	0.15%
EXPD	D	0.12%	0.42%	0.12%
FAST	B	0.23%	0.58%	0.23%
FIS	C	0.1%	0.6%	0.1%
GEN	B	0.04%	0.59%	0.04%
GILD	C	0.38%	1.03%	0.38%
GIS	D	0.16%	0.45%	0.16%
GOOG	C	1.89%	1.1%	1.1%
GOOGL	C	2.1%	1.36%	1.36%
HD	A	0.89%	3.07%	0.89%
INTU	C	0.39%	1.29%	0.39%
JNJ	D	0.85%	2.93%	0.85%
JPM	A	1.42%	0.73%	0.73%
K	A	0.17%	0.53%	0.17%
KLAC	D	0.25%	0.79%	0.25%
KMB	D	0.17%	0.51%	0.17%
KO	D	0.59%	0.65%	0.59%
LOW	D	0.38%	0.47%	0.38%
MA	C	0.89%	0.23%	0.23%
MAA	B	0.15%	0.53%	0.15%
MAS	D	0.12%	0.23%	0.12%
MCK	B	0.25%	0.71%	0.25%
MET	A	0.08%	0.53%	0.08%
META	D	3.18%	2.76%	2.76%
MRK	F	0.59%	2.25%	0.59%
MSFT	F	8.14%	4.97%	4.97%
MSI	B	0.29%	0.74%	0.29%
NVDA	C	7.67%	6.0%	6.0%
OTIS	C	0.18%	0.51%	0.18%
PAYX	C	0.1%	0.63%	0.1%
PG	A	0.89%	2.83%	0.89%
PSA	D	0.23%	0.59%	0.23%
QCOM	F	0.45%	1.65%	0.45%
RMD	C	0.2%	0.54%	0.2%
ROL	B	0.04%	0.12%	0.04%
SCCO	F	0.1%	0.16%	0.1%
SWKS	F	0.09%	0.39%	0.09%
T	A	0.32%	0.77%	0.32%
TMUS	B	0.23%	1.14%	0.23%
V	A	1.01%	0.38%	0.38%
VRSK	A	0.09%	0.57%	0.09%
VZ	C	0.35%	0.65%	0.35%
WTW	B	0.07%	0.58%	0.07%
ZTS	D	0.27%	0.11%	0.11%

USNZ Overweight 268 Positions Relative to QDEF

Symbol	Grade	Weight
LLY	F	1.45%
UNH	C	1.11%
NFLX	A	0.72%
CRM	B	0.64%
ORCL	B	0.6%
EIX	B	0.56%
PEP	F	0.56%
TMO	F	0.53%
ISRG	A	0.52%
ABT	B	0.52%
AMD	F	0.52%
WFC	A	0.51%
ACN	C	0.5%
AWK	D	0.49%
ADBE	C	0.48%
TXN	C	0.47%
MCD	D	0.44%
DHR	F	0.43%
NOW	A	0.43%
AMGN	D	0.42%
DIS	B	0.41%
GS	A	0.4%
PFE	D	0.4%
UBER	D	0.39%
AMAT	F	0.38%
BSX	B	0.38%
VRTX	F	0.36%
SYK	C	0.36%
BKNG	A	0.35%
AXP	A	0.35%
CMCSA	B	0.35%
MS	A	0.35%
SPGI	C	0.34%
MDT	D	0.34%
BLK	C	0.33%
PLD	D	0.32%
WELL	A	0.31%
SHW	A	0.31%
PGR	A	0.3%
ADI	D	0.3%
DE	A	0.29%
INTC	D	0.29%
DASH	A	0.29%
ANET	C	0.29%
UPS	C	0.29%
MU	D	0.29%
EQIX	A	0.29%
NKE	D	0.29%
MELI	D	0.29%
WM	A	0.28%
FI	A	0.27%
LRCX	F	0.27%
ORLY	B	0.27%
MDLZ	F	0.27%
PANW	C	0.26%
C	A	0.26%
REGN	F	0.25%
MRVL	B	0.25%
SCHW	B	0.25%
CB	C	0.24%
BDX	F	0.24%
DLR	B	0.24%
CVS	D	0.24%
SPG	B	0.24%
AZO	C	0.23%
MMC	B	0.23%
ECL	D	0.23%
ODFL	B	0.22%
FDX	B	0.22%
KKR	A	0.22%
CL	D	0.22%
TGT	F	0.21%
O	D	0.21%
CPRT	A	0.21%
LULU	C	0.2%
CCI	D	0.2%
EXR	D	0.19%
LEN	D	0.19%
VICI	C	0.19%
GRMN	B	0.19%
ICE	C	0.19%
CTVA	C	0.19%
ELV	F	0.19%
PYPL	B	0.19%
GWW	B	0.19%
IRM	D	0.19%
DHI	D	0.19%
SYY	B	0.18%
WAT	B	0.18%
USCA	A	0.18%
ILMN	D	0.18%
GEHC	F	0.18%
VTR	C	0.18%
CTAS	B	0.17%
DAL	C	0.17%
MCO	B	0.17%
SBAC	D	0.17%
CDNS	B	0.17%
SNPS	B	0.17%
ALNY	D	0.17%
CMG	B	0.17%
KDP	D	0.17%
ZBRA	B	0.16%
EW	C	0.16%
GM	B	0.16%
AON	A	0.16%
PHM	D	0.16%
KEYS	A	0.16%
CHD	B	0.16%
PKG	A	0.16%
NVR	D	0.16%
WST	C	0.16%
CRWD	B	0.16%
INCY	C	0.16%
SNA	A	0.16%
GLW	B	0.16%
MLM	B	0.16%
IDXX	F	0.16%
CLX	B	0.16%
PNC	B	0.16%
MKC	D	0.15%
APO	B	0.15%
MTD	D	0.15%
STE	F	0.15%
HSY	F	0.15%
ZBH	C	0.15%
WY	D	0.15%
UAL	A	0.15%
ON	D	0.14%
AJG	B	0.14%
ADSK	A	0.14%
ULTA	F	0.14%
HCA	F	0.14%
INVH	D	0.14%
HOLX	D	0.14%
PPG	F	0.14%
JBHT	C	0.14%
SPOT	B	0.14%
DOC	D	0.14%
USB	A	0.14%
ABNB	C	0.13%
RPRX	D	0.13%
PCAR	B	0.13%
HPQ	B	0.13%
KHC	F	0.13%
DXCM	D	0.13%
MCHP	D	0.13%
ARE	D	0.13%
NTAP	C	0.13%
DOV	A	0.13%
WDAY	B	0.12%
TFC	A	0.12%
TSCO	D	0.12%
FICO	B	0.12%
FTNT	C	0.12%
COIN	C	0.12%
MPWR	F	0.12%
BAX	D	0.12%
BALL	D	0.12%
GPC	D	0.12%
ALGN	D	0.12%
WAB	B	0.12%
AVTR	F	0.12%
CARR	D	0.12%
JCI	C	0.12%
BIIB	F	0.12%
IFF	D	0.12%
LUV	C	0.11%
TRV	B	0.11%
BMRN	D	0.11%
COF	B	0.11%
STX	D	0.11%
TTD	B	0.11%
SQ	B	0.1%
EL	F	0.1%
DFS	B	0.1%
APTV	D	0.1%
MSCI	C	0.1%
CPB	D	0.1%
AMP	A	0.1%
A	D	0.09%
F	C	0.09%
AIG	B	0.09%
TER	D	0.09%
ARM	D	0.09%
CAG	D	0.09%
HUM	C	0.08%
ARES	A	0.08%
ENPH	F	0.08%
CHTR	C	0.08%
SNOW	C	0.08%
WDC	D	0.08%
CTSH	B	0.08%
TEAM	A	0.08%
HRL	D	0.08%
IT	C	0.08%
NUE	C	0.08%
BBY	D	0.08%
FITB	A	0.07%
STT	A	0.07%
ALL	A	0.07%
PRU	A	0.07%
RJF	A	0.07%
VEEV	C	0.07%
HUBS	A	0.07%
CNC	D	0.07%
DDOG	A	0.07%
NDAQ	A	0.07%
GPN	B	0.07%
ACGL	D	0.07%
IQV	D	0.07%
EFX	F	0.07%
EXPE	B	0.06%
NET	B	0.06%
IP	B	0.06%
MTB	A	0.06%
HBAN	A	0.06%
TTWO	A	0.06%
TROW	B	0.06%
MRNA	F	0.06%
SYF	B	0.06%
CSGP	D	0.06%
CBRE	B	0.06%
GFS	C	0.06%
CPAY	A	0.06%
WBD	C	0.05%
YUM	B	0.05%
LEN	D	0.05%
TRU	D	0.05%
CDW	F	0.05%
IBKR	A	0.05%
LH	C	0.05%
CBOE	B	0.05%
BR	A	0.05%
HIG	B	0.05%
RBLX	C	0.05%
NTRS	A	0.05%
DGX	A	0.04%
PINS	D	0.04%
SMCI	F	0.04%
ZS	C	0.04%
OMC	C	0.04%
ZM	B	0.04%
LYV	A	0.04%
MKL	A	0.04%
MDB	C	0.04%
CINF	A	0.04%
CFG	B	0.03%
KEY	B	0.03%
OKTA	C	0.03%
PFG	D	0.03%
AKAM	D	0.03%
SSNC	B	0.03%
WRB	A	0.03%
VRSN	F	0.03%
EG	C	0.02%
FNF	B	0.02%
FOXA	B	0.02%
SNAP	C	0.02%
RF	A	0.02%
SIRI	C	0.01%
PABU	A	0.01%
FOX	A	0.01%
RKT	F	0.01%
WMG	C	0.01%
ADM	D	0.0%
TT	A	0.0%
TSN	B	0.0%

USNZ Underweight 59 Positions Relative to QDEF

Symbol	Grade	Weight
IBM	C	-1.7%
PM	B	-1.65%
LMT	D	-1.05%
TJX	A	-0.99%
SBUX	A	-0.98%
MO	A	-0.86%
DUK	C	-0.77%
ITW	B	-0.74%
MMM	D	-0.66%
UNM	A	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
CFR	B	-0.6%
AIZ	A	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
LDOS	C	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
CSL	C	-0.53%
OHI	C	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
CPT	B	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
SAIC	F	-0.41%
WSM	B	-0.41%
CUBE	D	-0.4%
EVRG	A	-0.4%
EXC	C	-0.39%
CHE	D	-0.39%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
COST	B	-0.24%
NNN	D	-0.21%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%