WLDR vs. QDEF ETF Comparison

Comparison of Affinity World Leaders Equity ETF (WLDR) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

WLDR

Affinity World Leaders Equity ETF

WLDR Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the index). The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the index. The index is expected to consist of approximately 150 to 250 stocks of companies located in the U.S. and in at least three countries outside of the U.S. and may invest in up to 20 countries. It will be significantly invested in the securities of international companies in addition to securities of U.S. companies.

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

3,014

Number of Holdings ^*

* 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	WLDR	QDEF
30 Days	5.56%	1.58%
60 Days	5.63%	2.63%
90 Days	8.20%	4.66%
12 Months	36.70%	30.49%

17 Overlapping Holdings

Symbol	Grade	Weight in WLDR	Weight in QDEF	Overlap
BK	A	1.3%	0.67%	0.67%
CI	F	0.7%	0.83%	0.7%
CPT	B	0.29%	0.51%	0.29%
DELL	C	3.19%	0.46%	0.46%
EBAY	D	1.64%	0.4%	0.4%
EVRG	A	0.36%	0.4%	0.36%
EXC	C	0.36%	0.39%	0.36%
FIS	C	0.38%	0.6%	0.38%
GEN	B	1.87%	0.59%	0.59%
LMT	D	0.94%	1.05%	0.94%
META	D	2.8%	2.76%	2.76%
MMM	D	0.9%	0.66%	0.66%
MO	A	0.93%	0.86%	0.86%
PM	B	1.04%	1.65%	1.04%
PPL	B	0.38%	0.55%	0.38%
VRT	B	1.18%	0.45%	0.45%
VZ	C	1.35%	0.65%	0.65%

WLDR Overweight 56 Positions Relative to QDEF

Symbol	Grade	Weight
APP	B	3.84%
HPE	B	2.98%
NTAP	C	2.96%
AMAT	F	2.71%
STX	D	2.68%
BURL	A	2.66%
CPNG	D	2.32%
VTRS	A	2.26%
DOCU	A	2.03%
PFE	D	1.87%
CTSH	B	1.85%
SSNC	B	1.74%
DFS	B	1.43%
CMCSA	B	1.4%
RF	A	1.32%
TROW	B	1.28%
BRK.A	B	1.21%
OMC	C	1.15%
TEVA	D	1.07%
WMB	A	1.05%
BKR	B	1.03%
OC	A	0.95%
TOL	B	0.88%
USFD	A	0.88%
KR	B	0.87%
BCS	C	0.81%
FANG	D	0.81%
CCL	B	0.79%
RCL	A	0.78%
FI	A	0.71%
SWK	D	0.7%
ELV	F	0.62%
PYPL	B	0.62%
ALL	A	0.6%
HCA	F	0.6%
THC	D	0.59%
UHS	D	0.57%
MKL	A	0.56%
CNC	D	0.54%
LOGI	D	0.54%
GOLD	D	0.52%
AER	B	0.51%
CF	B	0.5%
VST	B	0.49%
RNR	C	0.47%
EMN	D	0.45%
UAL	A	0.42%
ETR	B	0.4%
DAL	C	0.37%
SPG	B	0.36%
VICI	C	0.31%
GLPI	C	0.29%
LUV	C	0.29%
DOC	D	0.29%
PKG	A	0.26%
NEM	D	0.23%

WLDR Underweight 106 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.07%
NVDA	C	-6.0%
MSFT	F	-4.97%
HD	A	-3.07%
JNJ	D	-2.93%
PG	A	-2.83%
ABBV	D	-2.6%
MRK	F	-2.25%
IBM	C	-1.7%
QCOM	F	-1.65%
GOOGL	C	-1.36%
INTU	C	-1.29%
TMUS	B	-1.14%
ADP	B	-1.13%
GOOG	C	-1.1%
GILD	C	-1.03%
TJX	A	-0.99%
SBUX	A	-0.98%
AVGO	D	-0.88%
AMT	D	-0.82%
KLAC	D	-0.79%
T	A	-0.77%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
JPM	A	-0.73%
CME	A	-0.71%
MCK	B	-0.71%
UNM	A	-0.65%
KO	D	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
PAYX	C	-0.63%
UMBF	B	-0.61%
CSCO	B	-0.61%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
VRSK	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
EQR	B	-0.53%
MAA	B	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
OTIS	C	-0.51%
KMB	D	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
EXPD	D	-0.42%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
CHE	D	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
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%
MA	C	-0.23%
MAS	D	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%