# Portfolio overlap — QLV vs MODL

Comparing **FlexShares US Quality Low Volatility Index Fund** (2026-01-31) and **VictoryShares WestEnd US Sector ETF** (2026-03-31).

- Shared positions: 60
- FlexShares US Quality Low Volatility Index Fund covered by VictoryShares WestEnd US Sector ETF: 0.4286178021267545934698270278
- VictoryShares WestEnd US Sector ETF covered by FlexShares US Quality Low Volatility Index Fund: 0.4286178021267545934698270278

## 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 |  |

## VictoryShares WestEnd US Sector ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.056362 | ✓ |
| APPLE INC | 0.051454 | ✓ |
| ALPHABET INC CL A | 0.045056 | ✓ |
| ALPHABET INC CL C | 0.039116 | ✓ |
| MICROSOFT CORP | 0.037427 | ✓ |
| META PLATFORMS INC CL A | 0.033737 | ✓ |
| ABBVIE INC | 0.023759 | ✓ |
| JPMORGAN CHASE and CO | 0.021995 | ✓ |
| WALMART INC | 0.020657 |  |
| BROADCOM INC | 0.019847 | ✓ |
| BERKSHIRE HATH-B | 0.019454 | ✓ |
| AMAZON.COM INC | 0.018519 |  |
| LILLY ELI and CO | 0.017831 | ✓ |
| COSTCO WHOLESALE CORP | 0.016786 | ✓ |
| VISA INC-CLASS A | 0.014123 | ✓ |
| JOHNSON&JOHNSON | 0.013434 | ✓ |
| PROCTER & GAMBLE | 0.012765 | ✓ |
| COCA-COLA CO/THE | 0.012361 | ✓ |
| AMGEN INC | 0.011708 |  |
| MASTERCARD INC CL A | 0.011255 | ✓ |
| NETFLIX INC | 0.010896 |  |
| GILEAD SCIENCES INC | 0.010686 | ✓ |
| PHILIP MORRIS INTL INC | 0.009774 |  |
| BANK OF AMERICA CORPORATION | 0.009736 |  |
| TESLA INC | 0.009566 |  |
| PEPSICO INC | 0.008000 | ✓ |
| NEXTERA ENERGY INC | 0.007289 |  |
| VERTEX PHARMACEUTICALS INC | 0.006995 | ✓ |
| GOLDMAN SACHS GROUP INC | 0.006953 |  |
| WELLS FARGO & CO | 0.006827 |  |
| MERCK & CO | 0.006751 | ✓ |
| AMERICAN EXPRESS CO | 0.005777 |  |
| VERIZON COMMUNICATIONS INC | 0.005640 | ✓ |
| CITIGROUP INC | 0.005540 |  |
| UNITEDHEALTH GRP | 0.005529 |  |
| MORGAN STANLEY | 0.005523 |  |
| AT&T INC | 0.005488 | ✓ |
| BERKSHIRE HATHAWAY INC CL A | 0.005386 |  |
| MICRON TECHNOLOGY INC | 0.005245 |  |
| REGENERON PHARMACEUTICALS INC | 0.004826 |  |
| WALT DISNEY CO/T | 0.004586 |  |
| ADV MICRO DEVICE | 0.004552 |  |
| ABBOTT LABS | 0.004487 | ✓ |
| PALANTIR TECHNOLOGIES INC | 0.004387 |  |
| SCHWAB CHARLES CORP | 0.004274 |  |
| CISCO SYSTEMS INC | 0.004230 |  |
| THERMO FISHER SCIENTIFIC INC | 0.004188 |  |
| ALTRIA GROUP INC | 0.004124 |  |
| SOUTHERN CO | 0.004087 | ✓ |
| BLACKROCK INC | 0.003880 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-006214` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1491978/000207169126006214/0002071691-26-006214-index.htm>
- N-PORT (fund B) — accession `0001004726-26-004310` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1547580/000100472626004310/0001004726-26-004310-index.htm>

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