AFSM vs. GQRE ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to FlexShares Global Quality Real Estate Index Fund (GQRE)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.20

Average Daily Volume

15,699

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest at least 80% of its total assets in the securities of the underlying index and in "ADRs" and "GDRs" based on the securities in its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.00

Average Daily Volume

18,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	GQRE
30 Days	5.15%	-0.92%
60 Days	4.94%	-2.23%
90 Days	5.47%	0.75%
12 Months	31.74%	21.78%

11 Overlapping Holdings

Symbol	Grade	Weight in AFSM	Weight in GQRE	Overlap
AKR	B	0.29%	0.35%	0.29%
BNL	D	0.27%	0.43%	0.27%
CUZ	B	0.31%	0.64%	0.31%
HIW	C	0.35%	0.46%	0.35%
IIPR	D	0.36%	0.4%	0.36%
KRC	B	0.2%	0.6%	0.2%
NHI	D	0.57%	0.45%	0.45%
PDM	D	0.34%	0.26%	0.26%
PK	C	0.2%	0.42%	0.2%
SBRA	C	0.29%	0.57%	0.29%
SLG	B	0.65%	0.66%	0.65%

AFSM Overweight 284 Positions Relative to GQRE

Symbol	Grade	Weight
MLI	B	1.38%
SKYW	C	1.22%
NHC	C	1.2%
IDCC	B	1.17%
SFM	A	1.0%
CPRX	C	0.93%
ALKS	C	0.93%
PFBC	B	0.87%
CRS	B	0.87%
DAKT	C	0.86%
STRL	A	0.84%
ANF	F	0.82%
ZETA	D	0.81%
FIX	A	0.79%
EME	A	0.79%
MHO	D	0.78%
JXN	C	0.78%
CVLT	B	0.74%
MTG	C	0.73%
BCC	B	0.72%
CALM	A	0.72%
HALO	F	0.7%
UVE	B	0.7%
POWL	C	0.7%
TMHC	C	0.7%
TBBK	B	0.7%
RDN	D	0.7%
SANM	B	0.67%
CEIX	A	0.67%
MCY	A	0.65%
SLVM	B	0.65%
HSII	B	0.64%
AROC	A	0.64%
BMI	B	0.63%
COOP	B	0.63%
CRVL	B	0.62%
HWKN	B	0.61%
FDP	B	0.61%
GMED	A	0.61%
GMS	B	0.6%
REZI	A	0.6%
UFPT	C	0.6%
PLUS	F	0.59%
NTB	B	0.58%
PRK	B	0.58%
EGBN	B	0.57%
CORT	B	0.57%
NMIH	C	0.56%
SUPN	C	0.56%
BTU	B	0.55%
TGNA	B	0.55%
OFG	B	0.54%
BXC	B	0.54%
CHCO	B	0.54%
CVNA	B	0.53%
BELFB	C	0.53%
STBA	B	0.53%
DOLE	D	0.53%
KBH	D	0.52%
BRBR	A	0.52%
AMWD	C	0.52%
HIMS	B	0.51%
COKE	C	0.51%
MUSA	B	0.51%
GEO	B	0.51%
PI	D	0.5%
APPF	B	0.49%
WT	A	0.49%
ACT	C	0.49%
PRDO	B	0.47%
TEX	F	0.47%
DFIN	D	0.46%
CSWI	B	0.46%
PINC	B	0.46%
HRB	D	0.44%
DDS	B	0.44%
PLAB	C	0.43%
USLM	A	0.43%
LNTH	D	0.43%
WFRD	D	0.42%
RMR	F	0.42%
IESC	C	0.41%
LGND	C	0.41%
YMAB	F	0.41%
EVER	D	0.41%
QTWO	A	0.4%
ADUS	D	0.4%
AMR	C	0.39%
BDC	C	0.39%
PRGS	A	0.38%
INMD	C	0.38%
WNC	C	0.38%
VRNT	C	0.38%
M	F	0.37%
RDNT	B	0.37%
YOU	D	0.37%
MATX	C	0.37%
SIG	B	0.37%
ANIP	F	0.37%
APOG	C	0.37%
TILE	B	0.37%
BPMC	B	0.36%
CRAI	C	0.36%
LOPE	C	0.36%
MD	C	0.36%
LRN	A	0.36%
HRMY	D	0.36%
CAL	F	0.36%
BLBD	D	0.36%
CNXN	C	0.35%
CASH	B	0.35%
ESNT	F	0.34%
MOG.A	B	0.34%
TRMK	C	0.34%
MTH	D	0.34%
CMC	B	0.33%
FBP	C	0.33%
ATKR	D	0.33%
PBF	D	0.32%
LPG	F	0.32%
ATGE	B	0.32%
PFS	B	0.32%
SCS	C	0.31%
IBOC	B	0.31%
SPNS	F	0.3%
TWI	F	0.3%
DXC	B	0.3%
CNK	C	0.3%
GRBK	D	0.3%
RXST	F	0.3%
BHE	C	0.29%
CRDO	B	0.29%
DNOW	B	0.29%
HURN	C	0.29%
TCMD	B	0.29%
ODP	F	0.29%
ADMA	B	0.28%
VIRT	A	0.28%
BKE	B	0.28%
PHIN	A	0.28%
ASO	F	0.28%
HUBG	A	0.28%
THFF	B	0.28%
AZZ	A	0.27%
MEDP	D	0.27%
AVNS	F	0.27%
SXC	A	0.27%
ITCI	C	0.27%
HCC	B	0.27%
PSN	D	0.27%
ABG	C	0.26%
INTA	B	0.26%
BKU	A	0.26%
CCRN	F	0.26%
PRG	C	0.26%
VRNS	D	0.26%
HCI	C	0.26%
BKH	A	0.26%
PIPR	A	0.25%
GNK	D	0.25%
AGX	B	0.25%
GIII	D	0.25%
PRM	C	0.25%
HAE	C	0.23%
KN	B	0.23%
VNDA	C	0.23%
MED	D	0.23%
NTCT	C	0.23%
LMAT	A	0.23%
HLX	B	0.22%
IMKTA	C	0.22%
HDSN	F	0.22%
SMP	C	0.22%
AMKR	D	0.21%
NX	C	0.21%
TMDX	F	0.21%
VCTR	B	0.21%
EXTR	C	0.21%
SIGA	F	0.21%
WABC	B	0.21%
SBH	C	0.21%
BLFS	C	0.2%
ENS	F	0.2%
CMPR	D	0.2%
INSW	F	0.2%
NUS	D	0.2%
SGBX	F	0.19%
DHT	F	0.19%
ONTO	F	0.19%
ASGN	F	0.19%
ASC	F	0.19%
NSSC	D	0.19%
TARS	C	0.19%
UCTT	D	0.18%
TPC	C	0.18%
TNC	D	0.18%
GOGL	F	0.18%
NAVI	F	0.18%
HOV	D	0.17%
TGTX	B	0.17%
NVST	B	0.17%
ADNT	F	0.17%
AXSM	B	0.17%
BRC	D	0.16%
KELYA	F	0.16%
XRX	F	0.16%
SD	D	0.16%
HY	D	0.16%
HROW	D	0.16%
VSH	F	0.16%
SCSC	C	0.15%
SCVL	F	0.15%
GES	F	0.15%
STNG	F	0.15%
AIT	B	0.14%
NECB	C	0.14%
METC	C	0.14%
ALRM	C	0.14%
MRVI	F	0.14%
AYI	B	0.14%
EIG	B	0.13%
TWST	F	0.13%
CWCO	C	0.13%
PCRX	C	0.13%
MOV	D	0.13%
CSGS	B	0.13%
CECO	B	0.12%
CLW	F	0.12%
ALKT	B	0.12%
OSCR	D	0.11%
YEXT	B	0.11%
CHRD	D	0.11%
INVA	D	0.11%
CGEM	F	0.11%
RAMP	B	0.1%
GFF	A	0.1%
AMCX	C	0.1%
ASTH	F	0.1%
SPSC	D	0.09%
MAX	F	0.09%
MLKN	F	0.08%
KRYS	C	0.08%
KTB	B	0.08%
ATLO	C	0.07%
TPH	D	0.07%
PEBK	B	0.07%
CTRE	C	0.07%
WGO	C	0.07%
FTDR	B	0.06%
APAM	B	0.06%
CTS	C	0.06%
GRND	A	0.06%
JWN	D	0.06%
OMI	F	0.06%
KSS	F	0.06%
SWX	B	0.05%
REVG	C	0.05%
OGS	A	0.05%
AMPH	F	0.05%
NSIT	F	0.05%
ATEN	A	0.05%
HE	C	0.04%
AMN	F	0.04%
TDC	D	0.04%
SEMR	C	0.04%
PHR	F	0.04%
FORM	D	0.04%
ETD	C	0.04%
EOLS	D	0.04%
ANDE	D	0.04%
OTTR	C	0.04%
COLL	F	0.04%
PGNY	F	0.03%
JBI	F	0.03%
VITL	D	0.03%
RYI	C	0.03%
SWI	C	0.03%
EMBC	C	0.03%
LBRT	D	0.03%
ACLS	F	0.02%
ACIW	B	0.02%
MITK	C	0.0%
MAIN	A	0.0%
EPAC	C	0.0%

AFSM Underweight 52 Positions Relative to GQRE

Symbol	Grade	Weight
SPG	A	-5.85%
DLR	B	-5.76%
AVB	B	-4.37%
EQR	C	-3.36%
PLD	F	-2.99%
ESS	B	-2.62%
VICI	C	-2.46%
AMT	C	-2.37%
KIM	A	-2.25%
UDR	B	-1.88%
EQIX	A	-1.74%
CPT	B	-1.73%
AMH	C	-1.67%
HST	C	-1.66%
REG	A	-1.59%
LAMR	C	-1.5%
CUBE	C	-1.45%
WELL	A	-1.42%
NNN	C	-1.04%
ADC	A	-1.02%
FR	D	-0.94%
VNO	C	-0.91%
STAG	D	-0.89%
KRG	B	-0.8%
EPRT	B	-0.77%
IRM	C	-0.69%
PSA	C	-0.64%
IRT	A	-0.63%
SKT	A	-0.52%
APLE	B	-0.47%
EPR	C	-0.45%
WY	F	-0.43%
HASI	D	-0.42%
O	C	-0.41%
NSA	C	-0.4%
UE	B	-0.38%
IVT	A	-0.3%
EQC	B	-0.29%
LTC	B	-0.28%
SHO	D	-0.28%
XHR	B	-0.28%
DBRG	F	-0.28%
AAT	B	-0.26%
ALEX	B	-0.26%
DRH	B	-0.26%
ESRT	C	-0.26%
CSR	B	-0.24%
JOE	F	-0.24%
RLJ	C	-0.24%
NXRT	B	-0.24%
CCI	C	-0.19%
HPP	F	-0.16%