ACIO vs. QDF ETF Comparison

Comparison of Aptus Collared Income Opportunity ETF (ACIO) to FlexShares Quality Dividend Index Fund (QDF)

ACIO

Aptus Collared Income Opportunity ETF

ACIO Description

The investment seeks current income and capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective principally by investing in a portfolio of large capitalization U.S.-listed equity securities and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the same underlying equity securities. It may write call options on up to 100% of each equity position held in the portfolio and will use a portion of the premium received from writing such call options to purchase put options. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.78

Average Daily Volume

174,303

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF 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 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 similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.17

Average Daily Volume

26,562

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	ACIO	QDF
30 Days	1.54%	0.01%
60 Days	4.14%	3.35%
90 Days	5.42%	4.74%
12 Months	27.92%	26.45%

27 Overlapping Holdings

Symbol	Grade	Weight in ACIO	Weight in QDF	Overlap
AAPL	C	6.94%	8.28%	6.94%
ABBV	F	0.78%	2.67%	0.78%
ACN	B	1.11%	1.93%	1.11%
ADP	A	0.3%	1.13%	0.3%
AVGO	C	2.09%	0.94%	0.94%
BAC	A	0.95%	0.02%	0.02%
BR	A	0.41%	0.3%	0.3%
CAT	B	1.74%	0.76%	0.76%
COST	B	0.99%	0.24%	0.24%
CTAS	B	0.93%	0.4%	0.4%
GOOG	C	3.71%	1.65%	1.65%
INTU	A	0.97%	1.77%	0.97%
JNJ	D	1.07%	2.98%	1.07%
JPM	A	1.85%	0.72%	0.72%
LMT	D	1.66%	0.65%	0.65%
LOW	B	1.25%	1.27%	1.25%
MAR	A	1.05%	0.05%	0.05%
META	B	2.59%	3.22%	2.59%
MO	A	0.6%	0.84%	0.6%
MS	A	1.03%	0.97%	0.97%
MSFT	C	6.25%	4.88%	4.88%
NVDA	A	7.03%	5.94%	5.94%
PG	C	1.09%	2.91%	1.09%
PSA	D	0.49%	0.59%	0.49%
V	A	1.74%	0.39%	0.39%
WMT	A	1.17%	0.13%	0.13%
XOM	B	1.85%	0.49%	0.49%

ACIO Overweight 48 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	A	3.8%
NOW	A	1.98%
SYK	A	1.76%
BRK.A	B	1.67%
PGR	A	1.63%
AMAT	F	1.46%
TSLA	B	1.42%
LIN	D	1.33%
LLY	F	1.3%
UNH	B	1.21%
TMUS	A	1.19%
PEP	D	1.18%
NFLX	A	1.15%
TMO	F	1.14%
SO	D	1.04%
FI	A	1.04%
MCD	C	1.02%
ISRG	A	1.01%
CSX	B	1.0%
MMC	D	0.9%
AMT	F	0.89%
ADI	D	0.88%
MSI	B	0.86%
HON	B	0.86%
TJX	A	0.84%
PHM	D	0.84%
ABT	C	0.82%
FANG	C	0.73%
ICE	C	0.72%
NEE	D	0.72%
MDLZ	F	0.71%
BMY	B	0.7%
DLR	C	0.7%
DUK	D	0.66%
TYL	B	0.61%
C	B	0.58%
DE	D	0.58%
ETN	B	0.58%
VRTX	B	0.51%
HCA	D	0.5%
AMD	F	0.47%
EOG	A	0.45%
ADBE	C	0.45%
SHW	A	0.43%
AMGN	F	0.4%
FCX	F	0.39%
CMCSA	B	0.39%
SLB	C	0.24%

ACIO Underweight 100 Positions Relative to QDF

Symbol	Grade	Weight
KO	F	-2.19%
GOOGL	C	-1.87%
HD	B	-1.73%
QCOM	F	-1.7%
PM	B	-1.32%
UNP	D	-1.27%
GILD	B	-1.08%
LRCX	F	-0.92%
NKE	F	-0.84%
VRT	B	-0.84%
KLAC	F	-0.81%
SBUX	B	-0.75%
ITW	B	-0.74%
ZTS	D	-0.73%
FAST	B	-0.69%
BK	B	-0.67%
MMM	C	-0.66%
PAYX	B	-0.65%
FIS	B	-0.61%
PEG	C	-0.6%
GEN	B	-0.6%
JHG	A	-0.6%
AFL	C	-0.6%
VIRT	B	-0.59%
KTB	A	-0.59%
PRU	B	-0.59%
CMA	A	-0.59%
AVB	B	-0.58%
EBAY	C	-0.58%
D	D	-0.58%
WTW	A	-0.56%
SNA	A	-0.56%
MAA	C	-0.55%
EA	A	-0.55%
OHI	C	-0.54%
MET	C	-0.54%
IVZ	B	-0.53%
ORI	A	-0.53%
EQR	C	-0.53%
CHRW	A	-0.53%
MPC	D	-0.52%
OGE	B	-0.52%
OMF	A	-0.52%
VLO	C	-0.52%
NXPI	F	-0.52%
CPT	C	-0.51%
TPR	A	-0.51%
NSA	D	-0.49%
SMG	D	-0.49%
IPG	F	-0.48%
BPOP	C	-0.48%
MCHP	F	-0.48%
STWD	C	-0.48%
RDN	C	-0.48%
WDFC	B	-0.47%
UGI	D	-0.47%
MRK	F	-0.46%
NUE	D	-0.45%
FAF	C	-0.45%
POOL	D	-0.45%
DVN	F	-0.45%
WU	F	-0.44%
CFR	B	-0.43%
TT	B	-0.43%
HST	D	-0.42%
WY	F	-0.42%
WSM	F	-0.41%
EVRG	A	-0.41%
SWKS	F	-0.41%
LNC	B	-0.4%
RHI	B	-0.39%
PFG	C	-0.39%
ALLY	C	-0.38%
SCCO	F	-0.37%
WMS	F	-0.37%
APLE	B	-0.36%
CUBE	D	-0.36%
IRDM	B	-0.33%
EIX	C	-0.33%
NEP	F	-0.32%
MA	B	-0.26%
OLN	F	-0.26%
NNN	F	-0.23%
NTAP	D	-0.22%
WING	D	-0.2%
RMD	C	-0.18%
HRB	D	-0.17%
DPZ	C	-0.17%
PNW	A	-0.16%
PAYC	B	-0.16%
CL	F	-0.15%
COR	B	-0.14%
BSY	F	-0.13%
EXP	B	-0.09%
WFRD	F	-0.07%
CSWI	B	-0.07%
BKNG	A	-0.07%
COP	C	-0.04%
STNG	F	-0.02%
BBWI	C	-0.01%