# Portfolio overlap — ESN vs QLV

Comparing **Essential 40 Stock ETF** (2026-02-28) and **FlexShares US Quality Low Volatility Index Fund** (2026-01-31).

- Shared positions: 21
- Essential 40 Stock ETF covered by FlexShares US Quality Low Volatility Index Fund: 0.2937965976725137994471086106
- FlexShares US Quality Low Volatility Index Fund covered by Essential 40 Stock ETF: 0.2937965976725137994471086106

## Essential 40 Stock ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| VERIZON COMMUNICATIONS INC | 0.029835 | ✓ |
| FEDEX CORP | 0.029727 |  |
| SYSCO CORP | 0.029133 |  |
| EXXON MOBIL CORP | 0.028887 | ✓ |
| NUTRIEN LTD | 0.028659 |  |
| CME GROUP INC CL A | 0.028399 | ✓ |
| JOHNSON&JOHNSON | 0.028045 | ✓ |
| FREEPORT MCMORAN INC | 0.028033 |  |
| LOCKHEED MARTIN CORP | 0.027861 | ✓ |
| NEWMONT CORP | 0.027716 | ✓ |
| Enterprise Products Partners LP | 0.027169 |  |
| CHUBB LTD | 0.026791 |  |
| DUKE ENERGY CORP NEW | 0.026603 | ✓ |
| WASTE MANAGEMENT INC | 0.026361 |  |
| MARATHON PETROLEUM CORP | 0.026236 | ✓ |
| PFIZER INC | 0.026054 |  |
| COSTCO WHOLESALE CORP | 0.025454 | ✓ |
| AMERICAN WATER WRKS COMPANY | 0.025170 |  |
| META PLATFORMS INC CL A | 0.024937 | ✓ |
| APPLE INC | 0.024827 | ✓ |
| INTEL CORP | 0.024731 |  |
| MASCO CORPORATION | 0.024621 |  |
| HOME DEPOT INC | 0.024396 | ✓ |
| FORD MOTOR CO | 0.024358 |  |
| BERKSHIRE HATH-B | 0.024275 | ✓ |
| CVS HEALTH CORP | 0.024252 |  |
| 3M CO | 0.023683 |  |
| LILLY ELI and CO | 0.023579 | ✓ |
| BOEING CO/THE | 0.023167 |  |
| VISA INC-CLASS A | 0.022817 | ✓ |
| ALPHABET INC CL A | 0.022807 | ✓ |
| DELTA AIR LI | 0.022745 |  |
| JPMORGAN CHASE and CO | 0.022500 | ✓ |
| AMAZON.COM INC | 0.020968 |  |
| UNITEDHEALTH GRP | 0.020342 |  |
| MICROSOFT CORP | 0.020188 | ✓ |
| AUTOMATIC DATA PROCESSING INC | 0.019565 | ✓ |
| PALO ALTO NETWORKS INC | 0.019177 | ✓ |
| INTL BUS MACH CORP | 0.018493 | ✓ |
| ORACLE CORP | 0.017883 |  |
| BBH SWEEP VEHICLE | 0.009560 |  |

## FlexShares US Quality Low Volatility Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.062146 |  |
| MICROSOFT CORP | 0.058178 | ✓ |
| APPLE INC | 0.050565 | ✓ |
| JOHNSON&JOHNSON | 0.042294 | ✓ |
| PROCTER & GAMBLE | 0.027499 |  |
| EXXON MOBIL CORP | 0.023607 | ✓ |
| VISA INC-CLASS A | 0.021140 | ✓ |
| COSTCO WHOLESALE CORP | 0.019558 | ✓ |
| BERKSHIRE HATH-B | 0.018676 | ✓ |
| ALPHABET INC CL A | 0.018502 | ✓ |
| LILLY ELI and CO | 0.017966 | ✓ |
| INTL BUS MACH CORP | 0.017964 | ✓ |
| MCDONALDS CORP | 0.017415 |  |
| MASTERCARD INC CL A | 0.016811 |  |
| ABBVIE INC | 0.016358 |  |
| VERIZON COMMUNICATIONS INC | 0.014451 | ✓ |
| GILEAD SCIENCES INC | 0.013676 |  |
| ALPHABET INC CL C | 0.013528 |  |
| BROADCOM INC | 0.013420 |  |
| META PLATFORMS INC CL A | 0.012551 | ✓ |
| LOCKHEED MARTIN CORP | 0.012151 | ✓ |
| ANALOG DEVICES INC | 0.012082 |  |
| MERCK & CO | 0.012072 |  |
| NEWMONT CORP | 0.011316 | ✓ |
| AGNICO EAGLE MINES LTD | 0.009906 |  |
| TJX COS INC | 0.009841 |  |
| TELEDYNE TECHNOLOGIES INC | 0.009507 |  |
| GENERAL DYNAMICS CORPORATION | 0.008840 |  |
| DUKE ENERGY CORP NEW | 0.008569 | ✓ |
| TEXAS INSTRUMENTS INC | 0.008495 |  |
| HERSHEY CO/THE | 0.008422 |  |
| PEPSICO INC | 0.008410 |  |
| SOUTHERN CO | 0.008360 |  |
| CONSOLIDATED EDISON INC | 0.008172 |  |
| T-MOBILE US INC | 0.008096 |  |
| CHENIERE ENERGY INC | 0.007989 |  |
| AT&T INC | 0.007963 |  |
| AMDOCS LTD | 0.007939 |  |
| APPLIED INDU TEC | 0.007840 |  |
| ASSURANT INC | 0.007821 |  |
| QUEST DIAGNOSTICS INC | 0.007678 |  |
| DTE ENERGY CO | 0.007650 |  |
| WILLIS TOWERS WATSON PLC | 0.007646 |  |
| NORTHROP GRUMMAN CORP | 0.007579 |  |
| CHEMED CORP | 0.007248 |  |
| CHECK POINT SOFTWARE TECHS LTD | 0.006977 |  |
| CHUBB LTD | 0.006950 |  |
| QUALYS INC | 0.006859 |  |
| CAL-MAINE FOODS INC | 0.006859 |  |
| WILLIAMS COS INC | 0.006701 |  |


## Sources

- N-PORT (fund A) — accession `0000910472-26-005870` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1518042/000091047226005870/0000910472-26-005870-index.htm>
- N-PORT (fund B) — accession `0002071691-26-006214` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1491978/000207169126006214/0002071691-26-006214-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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