ACVF vs. QDF ETF Comparison

Comparison of American Conservative Values ETF (ACVF) to FlexShares Quality Dividend Index Fund (QDF)

ACVF

American Conservative Values ETF

ACVF Description

The investment seeks to achieve long-term capital appreciation; capital preservation is the secondary objective. Under normal circumstances, the fund seeks to meet its investment objective by investing at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of U.S. companies that meet its politically conservative criteria. The equity securities in which It invests will generally be those of companies with large market capitalizations.

Grade (RS Rating)

Last Trade

$45.63

Average Daily Volume

7,781

Number of Holdings ^*

363

* 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

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	ACVF	QDF
30 Days	3.66%	1.66%
60 Days	5.20%	2.62%
90 Days	6.60%	4.00%
12 Months	31.26%	26.92%

67 Overlapping Holdings

Symbol	Grade	Weight in ACVF	Weight in QDF	Overlap
ABBV	D	0.77%	2.58%	0.77%
ACN	C	0.86%	1.93%	0.86%
ADP	B	0.38%	1.11%	0.38%
AFL	B	0.06%	0.62%	0.06%
AVB	B	0.06%	0.58%	0.06%
AVGO	D	1.92%	0.88%	0.88%
BBWI	D	0.02%	0.01%	0.01%
BK	A	0.07%	0.68%	0.07%
BKNG	A	0.96%	0.07%	0.07%
BR	A	0.06%	0.3%	0.06%
CAT	B	0.51%	0.75%	0.51%
CHRW	C	0.03%	0.55%	0.03%
CL	D	0.22%	0.15%	0.15%
COP	C	0.22%	0.04%	0.04%
COR	B	0.13%	0.14%	0.13%
COST	B	1.74%	0.24%	0.24%
CTAS	B	0.39%	0.39%	0.39%
D	C	0.03%	0.59%	0.03%
DPZ	C	0.04%	0.17%	0.04%
EA	A	0.29%	0.58%	0.29%
EBAY	D	0.09%	0.58%	0.09%
EIX	B	0.06%	0.34%	0.06%
EQR	B	0.06%	0.55%	0.06%
FAST	B	0.11%	0.68%	0.11%
FIS	C	0.13%	0.62%	0.13%
GILD	C	0.09%	1.0%	0.09%
HD	A	1.75%	1.77%	1.75%
HST	C	0.02%	0.41%	0.02%
INTU	C	0.86%	1.74%	0.86%
IPG	D	0.18%	0.45%	0.18%
ITW	B	0.14%	0.74%	0.14%
IVZ	B	0.0%	0.51%	0.0%
KLAC	D	0.29%	0.76%	0.29%
LMT	D	0.33%	0.62%	0.33%
LRCX	F	0.37%	0.87%	0.37%
MA	C	1.7%	0.26%	0.26%
MAA	B	0.01%	0.55%	0.01%
MAR	B	0.48%	0.05%	0.05%
MCHP	D	0.06%	0.45%	0.06%
MET	A	0.26%	0.56%	0.26%
MMM	D	0.09%	0.65%	0.09%
MO	A	0.24%	0.89%	0.24%
MPC	D	0.29%	0.54%	0.29%
MRK	F	0.65%	0.45%	0.45%
MS	A	0.33%	0.98%	0.33%
MSFT	F	4.52%	4.91%	4.52%
NUE	C	0.09%	0.42%	0.09%
NVDA	C	8.08%	5.81%	5.81%
NXPI	D	0.17%	0.52%	0.17%
PAYC	B	0.02%	0.16%	0.02%
PAYX	C	0.13%	0.63%	0.13%
PEG	A	0.09%	0.61%	0.09%
PFG	D	0.03%	0.39%	0.03%
PG	A	1.59%	3.03%	1.59%
PM	B	0.61%	1.41%	0.61%
POOL	C	0.03%	0.44%	0.03%
PRU	A	0.05%	0.61%	0.05%
PSA	D	0.15%	0.6%	0.15%
QCOM	F	0.51%	1.68%	0.51%
RMD	C	0.04%	0.17%	0.04%
TPR	B	0.03%	0.57%	0.03%
TT	A	0.18%	0.43%	0.18%
UNP	C	0.38%	1.24%	0.38%
WTW	B	0.08%	0.56%	0.08%
WY	D	0.04%	0.42%	0.04%
XOM	B	1.47%	0.5%	0.5%
ZTS	D	0.16%	0.74%	0.16%

ACVF Overweight 296 Positions Relative to QDF

Symbol	Grade	Weight
BRK.A	B	2.81%
TSLA	B	2.02%
CSCO	B	1.57%
LLY	F	1.4%
ORCL	B	1.21%
TMUS	B	1.04%
MCD	D	1.0%
NOW	A	0.94%
ADBE	C	0.93%
PEP	F	0.88%
TJX	A	0.88%
LIN	D	0.85%
MSI	B	0.83%
FI	A	0.82%
SO	D	0.76%
CVX	A	0.75%
WFC	A	0.72%
ANET	C	0.68%
ISRG	A	0.64%
MDLZ	F	0.64%
SPGI	C	0.62%
ETN	A	0.61%
CI	F	0.57%
TXN	C	0.55%
AMD	F	0.55%
NEE	D	0.54%
CPRT	A	0.53%
ABT	B	0.52%
TMO	F	0.5%
UBER	D	0.5%
SNPS	B	0.49%
AMAT	F	0.49%
SPOT	B	0.49%
DHR	F	0.48%
PANW	C	0.48%
ORLY	B	0.46%
CDNS	B	0.46%
HON	B	0.46%
GE	D	0.45%
ADI	D	0.45%
ROP	B	0.45%
C	A	0.45%
CME	A	0.45%
GRMN	B	0.45%
WM	A	0.44%
RTX	C	0.43%
BX	A	0.43%
CHTR	C	0.42%
MCO	B	0.42%
DE	A	0.41%
ABNB	C	0.39%
ICE	C	0.39%
RSG	A	0.38%
CB	C	0.38%
FICO	B	0.38%
AMGN	D	0.36%
BMY	B	0.35%
DFS	B	0.34%
VRSN	F	0.34%
PLD	D	0.33%
PNC	B	0.33%
ELV	F	0.33%
EXPE	B	0.33%
MU	D	0.32%
DASH	A	0.32%
VRSK	A	0.32%
ROST	C	0.31%
SYK	C	0.31%
INTC	D	0.31%
BSX	B	0.3%
ADSK	A	0.3%
VRTX	F	0.29%
OMC	C	0.29%
MDT	D	0.28%
MCK	B	0.28%
AZO	C	0.27%
MMC	B	0.26%
USB	A	0.26%
EQIX	A	0.25%
CTSH	B	0.24%
HPE	B	0.23%
KKR	A	0.23%
GEV	B	0.22%
TTWO	A	0.22%
ZBRA	B	0.21%
EMR	A	0.21%
UPS	C	0.21%
FFIV	B	0.21%
SCHW	B	0.2%
AMT	D	0.2%
TFC	A	0.2%
CBOE	B	0.2%
SHW	A	0.2%
APH	A	0.2%
REGN	F	0.2%
AMP	A	0.2%
WDAY	B	0.2%
IT	C	0.19%
CSX	B	0.19%
PH	A	0.19%
FCX	D	0.19%
T	A	0.19%
TSCO	D	0.19%
JCI	C	0.19%
NOC	D	0.18%
APD	A	0.18%
CVS	D	0.18%
ANSS	B	0.18%
HLT	A	0.18%
BA	F	0.18%
MNST	C	0.18%
HUM	C	0.18%
GPN	B	0.18%
AON	A	0.17%
STZ	D	0.17%
RBA	A	0.17%
FDX	B	0.16%
JBL	B	0.16%
CMI	A	0.16%
COF	B	0.16%
CRWD	B	0.16%
FTNT	C	0.16%
SLB	C	0.15%
MANH	D	0.15%
ECL	D	0.15%
HPQ	B	0.15%
PCAR	B	0.14%
LAD	A	0.14%
FOXA	B	0.14%
BDX	F	0.14%
CBRE	B	0.14%
BLDR	D	0.14%
NWS	B	0.13%
NWSA	B	0.13%
DUK	C	0.13%
LHX	C	0.13%
EOG	A	0.13%
KMI	A	0.12%
FITB	A	0.12%
TDG	D	0.12%
SKX	D	0.12%
DLR	B	0.12%
DHI	D	0.12%
F	C	0.12%
WELL	A	0.12%
FOX	A	0.12%
CTVA	C	0.11%
RCL	A	0.11%
GWW	B	0.11%
LYV	A	0.11%
PINS	D	0.1%
WMB	A	0.1%
STT	A	0.1%
CCI	D	0.1%
KMB	D	0.09%
RJF	A	0.09%
EW	C	0.09%
HCA	F	0.09%
LEN	D	0.09%
RKT	F	0.09%
OKE	A	0.09%
OXY	D	0.09%
XEL	A	0.08%
NTRS	A	0.08%
ODFL	B	0.08%
SPG	B	0.08%
GLW	B	0.08%
BKR	B	0.08%
MGM	D	0.08%
RF	A	0.08%
CEG	D	0.08%
PPG	F	0.07%
EFX	F	0.07%
AAL	B	0.07%
GIS	D	0.07%
AME	A	0.07%
WAB	B	0.07%
GEHC	F	0.07%
IQV	D	0.07%
CFG	B	0.07%
VLTO	D	0.07%
NEM	D	0.07%
CARR	D	0.07%
GD	F	0.07%
IP	B	0.07%
TROW	B	0.07%
IR	B	0.07%
HIG	B	0.07%
ADM	D	0.07%
HAL	C	0.06%
LUV	C	0.06%
A	D	0.06%
CNC	D	0.06%
UAA	C	0.06%
DRI	B	0.06%
UAL	A	0.06%
KEYS	A	0.06%
DG	F	0.06%
UA	C	0.06%
CAH	B	0.06%
AIG	B	0.05%
HSY	F	0.05%
ILMN	D	0.05%
FTV	C	0.05%
CDW	F	0.05%
TRV	B	0.05%
HBAN	A	0.05%
FE	C	0.05%
NSC	B	0.05%
ALL	A	0.05%
CHD	B	0.05%
DD	D	0.05%
TYL	B	0.05%
KHC	F	0.05%
OTIS	C	0.05%
MSCI	C	0.05%
AJG	B	0.05%
LVS	C	0.05%
WEC	A	0.05%
BALL	D	0.05%
KSS	F	0.05%
DXCM	D	0.05%
GPC	D	0.05%
BBY	D	0.05%
ETSY	D	0.05%
CINF	A	0.05%
J	F	0.04%
AEP	D	0.04%
SRE	A	0.04%
KEY	B	0.04%
KR	B	0.04%
VEEV	C	0.04%
YUM	B	0.04%
L	A	0.04%
APTV	D	0.04%
IDXX	F	0.04%
HES	B	0.04%
AMCR	D	0.04%
LH	C	0.04%
EXPD	D	0.04%
STX	D	0.04%
LYB	F	0.04%
ES	D	0.04%
PKG	A	0.04%
DTE	C	0.04%
AWK	D	0.03%
SW	A	0.03%
VMC	B	0.03%
ROK	B	0.03%
BWA	D	0.03%
MKC	D	0.03%
DLTR	F	0.03%
CNP	B	0.03%
EL	F	0.03%
PWR	A	0.03%
ZBH	C	0.03%
ULTA	F	0.03%
DOW	F	0.03%
SYY	B	0.03%
EXC	C	0.03%
VTR	C	0.03%
PHM	D	0.03%
EXR	D	0.02%
IFF	D	0.02%
JBHT	C	0.02%
BIIB	F	0.02%
PVH	C	0.02%
RL	B	0.02%
MOS	F	0.02%
SBAC	D	0.02%
ARE	D	0.02%
WBA	F	0.02%
INCY	C	0.02%
LKQ	D	0.02%
HOLX	D	0.02%
XYL	D	0.02%
MKTX	D	0.02%
WYNN	D	0.02%
O	D	0.02%
FMC	D	0.01%
CE	F	0.01%
AAP	C	0.01%
AES	F	0.01%
AEE	A	0.01%
SLVM	B	0.01%
ED	D	0.01%
PHIN	A	0.01%
ALB	C	0.01%
HAS	D	0.01%
BEN	C	0.01%
SYF	B	0.01%
SOLV	C	0.01%
CLX	B	0.01%
MTD	D	0.0%
EMBC	C	0.0%
FTRE	D	0.0%

ACVF Underweight 60 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
META	D	-3.1%
JNJ	D	-3.01%
KO	D	-2.16%
GOOGL	C	-1.84%
GOOG	C	-1.63%
LOW	D	-1.27%
VRT	B	-0.83%
NKE	D	-0.83%
SBUX	A	-0.76%
JPM	A	-0.75%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
CMA	A	-0.58%
GEN	B	-0.58%
SNA	A	-0.56%
ORI	A	-0.55%
VLO	C	-0.55%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
OGE	B	-0.51%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
WU	D	-0.45%
WSM	B	-0.43%
CFR	B	-0.42%
EVRG	A	-0.42%
SWKS	F	-0.4%
V	A	-0.4%
LNC	B	-0.39%
RHI	B	-0.38%
ALLY	C	-0.37%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
IRDM	D	-0.31%
NEP	F	-0.3%
OLN	D	-0.25%
NNN	D	-0.23%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
PNW	B	-0.16%
WMT	A	-0.13%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
STNG	F	-0.02%
BAC	A	-0.02%