FlexShares Quality Dividend Defensive Index Fund (QDEF) Holdings
QDEF holdings summary
as of Oct 25, 2026- Holdings
- 153 positions listed
- Top 10 weight
- 35.9% of net assets
- Effective holdings
- 43 equal-weight equivalent
- Largest holding
- AAPL 9.23% Apple Inc.
- Annual turnover
- 51.8% of the portfolio traded
Top 1035.9%
Top 2552.2%
Top 5068.6%
Top 10091.6%
All QDEF holdings
153 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc. | Technology | 9.23% | $50.8M | $5.01T | 39.4 |
| 2 | NVDA | NVIDIA Corporation | Technology | 6.56% | $36.1M | $5.17T | 27.1 |
| 3 | MSFT | Microsoft Corporation | Technology | 4.53% | $25.0M | $3.93T | 29.5 |
| 4 | JNJ | Johnson & Johnson | Healthcare | 2.92% | $16.1M | $615.87B | 38.8 |
| 5 | AVGO | Broadcom Inc. | Technology | 2.47% | $13.6M | $1.57T | 43.3 |
| 6 | PM | Philip Morris International Inc. | Consumer Defensive | 2.20% | $12.1M | $319.83B | 29.5 |
| 7 | GOOGL | Alphabet Inc. | Communication Services | 2.10% | $11.6M | $4.17T | 17.1 |
| 8 | LLY | Eli Lilly and Company | Healthcare | 2.10% | $11.6M | $1.12T | 42.2 |
| 9 | JPM | JPMorgan Chase & Co. | Financial Services | 2.08% | $11.5M | $902.16B | 14.2 |
| 10 | GOOG | Alphabet Inc. | Communication Services | 1.73% | $9.5M | $4.12T | 16.9 |
| 11 | KLAC | KLA Corporation | Technology | 1.38% | $7.6M | $216.29B | 45.3 |
| 12 | META | Meta Platforms, Inc. | Communication Services | 1.37% | $7.6M | $1.81T | 26.7 |
| 13 | MU | Micron Technology, Inc. | Technology | 1.30% | $7.1M | $994.34B | 11.8 |
| 14 | GILD | Gilead Sciences, Inc. | Healthcare | 1.25% | $6.9M | $193.67B | — |
| 15 | QCOM | QUALCOMM Incorporated | Technology | 1.20% | $6.6M | $183.79B | 19.9 |
| 16 | ABBV | AbbVie Inc. | Healthcare | 1.18% | $6.5M | $504.37B | 80.6 |
| 17 | TJX | The TJX Companies, Inc. | Consumer Cyclical | 1.07% | $5.9M | $162.06B | 27.3 |
| 18 | LRCX | Lam Research Corporation | Technology | 1.07% | $5.9M | $330.30B | 45.8 |
| 19 | CSCO | Cisco Systems, Inc. | Technology | 1.05% | $5.8M | $423.39B | 32.2 |
| 20 | PG | The Procter & Gamble Company | Consumer Defensive | 1.05% | $5.8M | $370.12B | 24.1 |
| 21 | MO | Altria Group, Inc. | Consumer Defensive | 0.89% | $4.9M | $125.41B | 15.8 |
| 22 | ADP | Automatic Data Processing, Inc. | Technology | 0.88% | $4.8M | $114.48B | 26.4 |
| 23 | LMT | Lockheed Martin Corporation | Industrials | 0.87% | $4.8M | $127.42B | 20.3 |
| 24 | BMY | Bristol-Myers Squibb Company | Healthcare | 0.85% | $4.7M | $122.05B | 13.2 |
| 25 | VLO | Valero Energy Corporation | Energy | 0.83% | $4.6M | $128.04B | 18.5 |
| 26 | MPC | Marathon Petroleum Corporation | Energy | 0.83% | $4.6M | $134.25B | 16.6 |
| 27 | WFC | Wells Fargo & Company | Financial Services | 0.83% | $4.6M | $251.75B | 11.8 |
| 28 | NEM | Newmont Corporation | Basic Materials | 0.83% | $4.6M | $124.97B | 15.0 |
| 29 | GEV | GE Vernova Inc. | Industrials | 0.76% | $4.2M | $245.35B | 26.4 |
| 30 | AMGN | Amgen Inc. | Healthcare | 0.72% | $4.0M | $233.82B | 26.9 |
| 31 | ACN | Accenture plc | Technology | 0.71% | $3.9M | $140.55B | 16.9 |
| 32 | CI | Cigna Corporation | Healthcare | 0.70% | $3.9M | $79.88B | 12.5 |
| 33 | MS | Morgan Stanley | Financial Services | 0.70% | $3.8M | $283.60B | 14.3 |
| 34 | DUK | Duke Energy Corporation | Utilities | 0.69% | $3.8M | $94.71B | 18.3 |
| 35 | TT | Trane Technologies plc | Industrials | 0.67% | $3.7M | $100.97B | 34.2 |
| 36 | CTSH | Cognizant Technology Solutions Corporation | Technology | 0.65% | $3.6M | $29.74B | 14.2 |
| 37 | CL | Colgate-Palmolive Company | Consumer Defensive | 0.64% | $3.5M | $75.02B | 37.1 |
| 38 | MET | MetLife, Inc. | Financial Services | 0.62% | $3.4M | $64.03B | 19.3 |
| 39 | ED | Consolidated Edison, Inc. | Utilities | 0.62% | $3.4M | $41.52B | 18.2 |
| 40 | EBAY | eBay Inc. | Consumer Cyclical | 0.61% | $3.4M | $53.52B | 25.3 |
| 41 | INTU | Intuit Inc. | Technology | 0.59% | $3.3M | $86.89B | 19.8 |
| 42 | MTCH | Match Group, Inc. | Communication Services | 0.59% | $3.3M | $10.02B | 15.2 |
| 43 | HAS | Hasbro, Inc. | Consumer Cyclical | 0.59% | $3.3M | $13.93B | 17.8 |
| 44 | PAYC | Paycom Software, Inc. | Technology | 0.59% | $3.3M | $11.34B | 26.6 |
| 45 | AEM | Agnico Eagle Mines Limited | Basic Materials | 0.59% | $3.3M | — | — |
| 46 | G | Genpact Limited | Technology | 0.59% | $3.2M | $6.23B | 11.1 |
| 47 | APA | APA Corporation | Energy | 0.58% | $3.2M | $17.22B | 10.4 |
| 48 | CMCSA | Comcast Corporation | Communication Services | 0.56% | $3.1M | $77.72B | 7.1 |
| 49 | EWBC | East West Bancorp, Inc. | Financial Services | 0.56% | $3.1M | $17.38B | 12.2 |
| 50 | EXPD | Expeditors International of Washington, Inc. | Industrials | 0.56% | $3.1M | $25.47B | 28.5 |
| 51 | BBY | Best Buy Co., Inc. | Consumer Cyclical | 0.55% | $3.1M | $19.43B | 15.4 |
| 52 | XOM | Exxon Mobil Corporation | Energy | 0.54% | $3.0M | $735.95B | 23.0 |
| 53 | INSW | International Seaways, Inc. | Energy | 0.54% | $3.0M | $5.45B | 7.0 |
| 54 | CF | CF Industries Holdings, Inc. | Basic Materials | 0.53% | $2.9M | $18.29B | 9.0 |
| 55 | KMB | Kimberly-Clark Corporation | Consumer Defensive | 0.53% | $2.9M | $35.11B | 20.8 |
| 56 | PRU | Prudential Financial, Inc. | Financial Services | 0.53% | $2.9M | $39.99B | 10.5 |
| 57 | PEG | Public Service Enterprise Group Incorporated | Utilities | 0.52% | $2.9M | $35.63B | 17.8 |
| 58 | ITW | Illinois Tool Works Inc. | Industrials | 0.52% | $2.9M | $77.55B | 24.7 |
| 59 | BAH | Booz Allen Hamilton Holding Corporation | Industrials | 0.52% | $2.9M | $8.93B | 11.7 |
| 60 | PSA | Public Storage | Real Estate | 0.52% | $2.9M | $55.74B | 28.5 |
| 61 | PBF | PBF Energy Inc. | Energy | 0.52% | $2.9M | $10.02B | 7.4 |
| 62 | CHRD | Chord Energy Corporation | Energy | 0.52% | $2.8M | $8.45B | 10.4 |
| 63 | CFR | Cullen/Frost Bankers, Inc. | Financial Services | 0.51% | $2.8M | $9.64B | 14.7 |
| 64 | KHC | The Kraft Heinz Company | Consumer Defensive | 0.51% | $2.8M | $28.08B | — |
| 65 | EXE | Expand Energy Corporation | Energy | 0.50% | $2.8M | $21.62B | 8.1 |
| 66 | GLPI | Gaming and Leisure Properties, Inc. | Real Estate | 0.50% | $2.8M | $11.76B | 11.5 |
| 67 | BKNG | Booking Holdings Inc. | Consumer Cyclical | 0.50% | $2.8M | $122.81B | 18.1 |
| 68 | COP | ConocoPhillips | Energy | 0.50% | $2.7M | $176.01B | 19.4 |
| 69 | DTE | DTE Energy Company | Utilities | 0.50% | $2.7M | $27.00B | 20.6 |
| 70 | VICI | VICI Properties Inc. | Real Estate | 0.50% | $2.7M | $25.99B | 9.2 |
| 71 | CBSH | Commerce Bancshares, Inc. | Financial Services | 0.50% | $2.7M | $7.99B | 13.6 |
| 72 | TAP | Molson Coors Beverage Company | Consumer Defensive | 0.49% | $2.7M | $7.37B | — |
| 73 | GL | Globe Life Inc. | Financial Services | 0.49% | $2.7M | $12.97B | 11.2 |
| 74 | HRB | H&R Block, Inc. | Consumer Cyclical | 0.49% | $2.7M | $5.96B | 8.6 |
| 75 | NEU | NewMarket Corporation | Basic Materials | 0.48% | $2.7M | $8.06B | 18.9 |
| 76 | FRT | Federal Realty Investment Trust | Real Estate | 0.47% | $2.6M | $9.29B | 21.5 |
| 77 | CPT | Camden Property Trust | Real Estate | 0.47% | $2.6M | $9.91B | 32.5 |
| 78 | NYT | The New York Times Company | Communication Services | 0.46% | $2.5M | $10.93B | 28.2 |
| 79 | REGN | Regeneron Pharmaceuticals, Inc. | Healthcare | 0.45% | $2.5M | $81.41B | 19.6 |
| 80 | KRG | Kite Realty Group Trust | Real Estate | 0.45% | $2.5M | $5.05B | 15.4 |
| 81 | RMD | ResMed Inc. | Healthcare | 0.44% | $2.4M | $33.61B | 22.9 |
| 82 | DOX | Amdocs Limited | Technology | 0.44% | $2.4M | $6.27B | 14.3 |
| 83 | AES | The AES Corporation | Utilities | 0.44% | $2.4M | $10.67B | 5.6 |
| 84 | LKQ | LKQ Corporation | Consumer Cyclical | 0.44% | $2.4M | $5.62B | 12.5 |
| 85 | TTC | The Toro Company | Industrials | 0.43% | $2.4M | $9.52B | 26.9 |
| 86 | V | Visa Inc. | Financial Services | 0.42% | $2.3M | $755.84B | 34.3 |
| 87 | LVS | Las Vegas Sands Corp. | Consumer Cyclical | 0.42% | $2.3M | $24.62B | 14.8 |
| 88 | OMF | OneMain Holdings, Inc. | Financial Services | 0.41% | $2.3M | $6.44B | 8.4 |
| 89 | HSY | The Hershey Company | Consumer Defensive | 0.41% | $2.3M | $34.32B | 23.3 |
| 90 | MOS | The Mosaic Company | Basic Materials | 0.41% | $2.2M | $5.98B | — |
| 91 | EIX | Edison International | Utilities | 0.40% | $2.2M | $21.52B | 5.8 |
| 92 | EXPE | Expedia Group, Inc. | Consumer Cyclical | 0.39% | $2.1M | $34.68B | 18.0 |
| 93 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | 0.38% | $2.1M | $16.27B | 26.6 |
| 94 | AVY | Avery Dennison Corporation | Consumer Cyclical | 0.37% | $2.0M | $13.29B | 19.2 |
| 95 | MCK | McKesson Corporation | Healthcare | 0.37% | $2.0M | $117.15B | 26.9 |
| 96 | TPR | Tapestry, Inc. | Consumer Cyclical | 0.36% | $2.0M | $23.85B | 16.5 |
| 97 | LSTR | Landstar System, Inc. | Industrials | 0.36% | $2.0M | $5.83B | 44.5 |
| 98 | WDC | Western Digital Corporation | Technology | 0.36% | $2.0M | $124.28B | 12.3 |
| 99 | ELS | Equity LifeStyle Properties, Inc. | Real Estate | 0.34% | $1.9M | $12.27B | 29.6 |
| 100 | CSL | Carlisle Companies Incorporated | Industrials | 0.33% | $1.8M | $13.26B | 19.0 |
| 101 | ZTS | Zoetis Inc. | Healthcare | 0.30% | $1.7M | $32.80B | 13.1 |
| 102 | PEGA | Pegasystems Inc. | Technology | 0.30% | $1.6M | $5.68B | 19.5 |
| 103 | DINO | HF Sinclair Corporation | Energy | 0.29% | $1.6M | $22.27B | 11.9 |
| 104 | USB | U.S. Bancorp | Financial Services | 0.27% | $1.5M | $91.50B | 11.4 |
| 105 | C | Citigroup Inc. | Financial Services | 0.26% | $1.4M | $208.44B | 12.1 |
| 106 | AGX | Argan, Inc. | Industrials | 0.26% | $1.4M | $4.85B | 27.3 |
| 107 | DPZ | Domino's Pizza, Inc. | Consumer Cyclical | 0.25% | $1.4M | $10.15B | 17.0 |
| 108 | ULS | UL Solutions Inc. | Industrials | 0.24% | $1.3M | $14.80B | 29.6 |
| 109 | TMUS | T-Mobile US, Inc. | Communication Services | 0.20% | $1.1M | $170.66B | 16.6 |
| 110 | HST | Host Hotels & Resorts, Inc. | Real Estate | 0.20% | $1.1M | $16.65B | 16.2 |
| 111 | BR | Broadridge Financial Solutions, Inc. | Technology | 0.20% | $1.1M | $19.77B | 18.2 |
| 112 | FAST | Fastenal Company | Industrials | 0.19% | $1.1M | $58.55B | 41.5 |
| 113 | LNG | Cheniere Energy, Inc. | Energy | 0.19% | $1.0M | $59.78B | 21.9 |
| 114 | AFL | Aflac Incorporated | Financial Services | 0.18% | $1.0M | $60.15B | 12.9 |
| 115 | FDS | FactSet Research Systems Inc. | Financial Services | 0.18% | $1.0M | $10.73B | 20.7 |
| 116 | COST | Costco Wholesale Corporation | Consumer Defensive | 0.17% | $961,095.99 | $438.30B | 47.6 |
| 117 | TFC | Truist Financial Corporation | Financial Services | 0.17% | $959,994.45 | $57.50B | 10.8 |
| 118 | MAS | Masco Corporation | Industrials | 0.17% | $957,791.37 | $14.37B | 16.8 |
| 119 | DVN | Devon Energy Corporation | Energy | 0.17% | $954,486.74 | $55.80B | 11.1 |
| 120 | MA | Mastercard Incorporated | Financial Services | 0.17% | $938,514.37 | $540.87B | 34.0 |
| 121 | YUM | Yum! Brands, Inc. | Consumer Cyclical | 0.17% | $937,412.83 | $41.07B | 19.0 |
| 122 | CUBE | CubeSmart | Real Estate | 0.17% | $915,932.74 | $8.83B | 26.7 |
| 123 | AIG | American International Group, Inc. | Financial Services | 0.16% | $888,394.18 | $42.22B | 14.8 |
| 124 | WTW | Willis Towers Watson Public Limited Company | Financial Services | 0.14% | $783,196.85 | $29.30B | 19.5 |
| 125 | BBWI | Bath & Body Works, Inc. | Consumer Cyclical | 0.14% | $771,630.65 | $4.06B | 5.3 |
| 126 | VRSK | Verisk Analytics, Inc. | Industrials | 0.14% | $771,630.65 | $24.85B | 29.3 |
| 127 | AU | AngloGold Ashanti Limited | Basic Materials | 0.14% | $768,876.79 | $46.95B | 12.4 |
| 128 | CHE | Chemed Corporation | Healthcare | 0.13% | $721,510.46 | $6.70B | 25.8 |
| 129 | EVRG | Evergy, Inc. | Utilities | 0.13% | $717,655.06 | $19.21B | 21.2 |
| 130 | UNM | Unum Group | Financial Services | 0.13% | $690,667.26 | $14.60B | 21.5 |
| 131 | RRC | Range Resources Corporation | Energy | 0.13% | $689,565.72 | $10.10B | 11.9 |
| 132 | BSY | Bentley Systems, Incorporated | Technology | 0.12% | $640,547.07 | $10.69B | 38.9 |
| 133 | REG | Regency Centers Corporation | Real Estate | 0.11% | $623,473.16 | $13.69B | 24.7 |
| 134 | PB | Prosperity Bancshares, Inc. | Financial Services | 0.11% | $587,673.02 | $8.15B | 11.7 |
| 135 | GEN | Gen Digital Inc. | Technology | 0.11% | $587,122.25 | $14.46B | 14.1 |
| 136 | YOU | Clear Secure, Inc. | Technology | 0.11% | $583,817.62 | $4.52B | 29.5 |
| 137 | CLX | The Clorox Company | Consumer Defensive | 0.09% | $508,912.72 | $10.53B | 18.1 |
| 138 | BRX | Brixmor Property Group Inc. | Real Estate | 0.08% | $457,140.21 | $8.49B | 19.8 |
| 139 | STWD | Starwood Property Trust, Inc. | Real Estate | 0.08% | $451,632.50 | $4.73B | 20.8 |
| 140 | AMH | American Homes 4 Rent | Real Estate | 0.08% | $435,109.36 | $12.82B | 24.8 |
| 141 | POWL | Powell Industries, Inc. | Industrials | 0.07% | $411,976.96 | $6.02B | 31.6 |
| 142 | VST | Vistra Corp. | Utilities | 0.07% | $396,004.60 | $51.02B | 25.6 |
| 143 | BAC | Bank of America Corporation | Financial Services | 0.07% | $369,016.80 | $358.24B | 12.2 |
| 144 | CAT | Caterpillar Inc. | Industrials | 0.07% | $364,059.86 | $335.91B | 31.5 |
| 145 | ROL | Rollins, Inc. | Consumer Cyclical | 0.06% | $349,739.80 | $16.09B | 30.4 |
| 146 | IVZ | Invesco Ltd. | Financial Services | 0.05% | $258,862.53 | $12.45B | — |
| 147 | AMAT | Applied Materials, Inc. | Technology | 0.03% | $187,262.26 | $324.81B | 35.3 |
| 148 | GCP | General Electric Company | Other | 0.03% | $155,317.52 | — | — |
| 149 | SCCO | Southern Copper Corporation | Basic Materials | 0.02% | $134,938.98 | $169.30B | 29.9 |
| 150 | KO | The Coca-Cola Company | Consumer Defensive | 0.02% | $134,388.21 | $404.01B | 28.2 |
| 151 | UNH | UnitedHealth Group Incorporated | Healthcare | 0.02% | $112,908.13 | $360.32B | 25.8 |
| 152 | SBUX | Starbucks Corporation | Consumer Cyclical | 0.02% | $105,748.10 | $111.17B | 56.4 |
| 153 | MRK | Merck & Co., Inc. | Healthcare | 0.02% | $101,892.70 | $360.08B | 115.8 |
Weights as a percentage of net assets. Value held = weight × net assets ($550.8M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
QDEF sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Technology | 34.5% | 23 | AAPL, NVDA, MSFT |
| Healthcare | 11.5% | 14 | JNJ, LLY, GILD |
| Financial Services | 9.5% | 23 | JPM, WFC, MS |
| Communication Services | 7.0% | 7 | GOOGL, GOOG, META |
| Consumer Defensive | 7.0% | 11 | PM, PG, MO |
| Industrials | 6.6% | 17 | LMT, GEV, TT |
| Consumer Cyclical | 6.4% | 16 | TJX, EBAY, HAS |
| Energy | 6.1% | 13 | VLO, MPC, APA |
| Real Estate | 4.0% | 13 | PSA, GLPI, VICI |
| Utilities | 3.4% | 8 | DUK, ED, PEG |
| Basic Materials | 3.0% | 7 | NEM, AEM, CF |
| Other | 0.0% | 1 | GCP |
Sum of the weights of the holdings in each sector.
QDEF top industries
Semiconductors
11.5%
Consumer Electronics
9.2%
Drug Manufacturers - General
9.0%
Internet Content & Information
5.8%
Software - Infrastructure
5.1%
Banks - Diversified
3.2%
Tobacco
3.1%
Utilities - Regulated Electric
2.9%
Software - Application
2.6%
Semiconductor Equipment & Materials
2.5%
Oil & Gas Refining & Marketing
2.5%
Oil & Gas E&P
2.4%
Household & Personal Products
2.3%
Information Technology Services
2.1%
Banks - Regional
2.1%
QDEF overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| QDF | FlexShares Quality Dividend Index Fund | 74.2% | 104 of 139 | 0.36% |
| QLC | FlexShares US Quality Large Cap Index Fund | 54.3% | 69 of 156 | 0.24% |
| PBUS | Invesco PureBeta MSCI USA ETF | 44.5% | 98 of 513 | 0.03% |
| FYEE | Fidelity Yield Enhanced Equity ETF | 44.5% | 45 of 166 | 0.27% |
| SPY | SPDR S&P 500 ETF | 44.2% | 110 of 502 | 0.09% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap… | 44.2% | 90 of 425 | 0.09% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the QDEF portfolio
FlexShares Quality Dividend Defensive Index Fund holds 153 positions. The ten largest make up 35.9% of the fund and the top 50 68.6%, so it behaves like a portfolio of about 43 equally weighted stocks. The biggest positions are Apple Inc. (9.23%), NVIDIA Corporation (6.56%), Microsoft Corporation (4.53%), Johnson & Johnson (2.92%), Broadcom Inc. (2.47%).
By sector, Technology is 34.5%, Healthcare is 11.5%, Financial Services is 9.5%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: QDEF chart, QDEF performance, QDEF dividends, QDEF valuation, QDEF overview.
QDEF holdings FAQ
How many holdings does QDEF have?
QDEF holds 153 positions as of October 25, 2026.
What are the top 10 holdings of QDEF?
The ten largest holdings are Apple Inc. (9.23%), NVIDIA Corporation (6.56%), Microsoft Corporation (4.53%), Johnson & Johnson (2.92%), Broadcom Inc. (2.47%), Philip Morris International Inc. (2.20%), Alphabet Inc. (2.10%), Eli Lilly and Company (2.10%), JPMorgan Chase & Co. (2.08%), Alphabet Inc. (1.73%). Together they are 35.9% of the fund.
What percentage of QDEF is Apple Inc.?
Apple Inc. is the largest holding at 9.23% of net assets, about $50.8M of the fund's $550.8M.
Which sector is the largest in QDEF?
Technology is the largest sector at 34.5%, followed by Healthcare (11.5%) and Financial Services (9.5%), based on the sectors of the individual holdings.
How concentrated is QDEF?
The top 10 holdings are 35.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) QDEF behaves like a portfolio of about 43 equally weighted stocks.