AIEQ vs. QDF ETF Comparison

Comparison of AI Powered Equity ETF (AIEQ) to FlexShares Quality Dividend Index Fund (QDF)

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.63

Average Daily Volume

7,424

Number of Holdings ^*

136

* 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

$70.70

Average Daily Volume

47,402

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	AIEQ	QDF
30 Days	0.06%	1.06%
60 Days	7.40%	6.12%
90 Days	-0.51%	6.53%
12 Months	27.68%	32.13%

16 Overlapping Holdings

Symbol	Grade	Weight in AIEQ	Weight in QDF	Overlap
BAC	D	4.09%	0.02%	0.02%
BBWI	F	0.27%	0.01%	0.01%
COP	D	0.71%	0.04%	0.04%
DPZ	D	0.42%	0.17%	0.17%
EBAY	A	0.64%	0.62%	0.62%
EXP	C	0.32%	0.08%	0.08%
FIS	C	1.11%	0.59%	0.59%
ITW	A	0.99%	0.71%	0.71%
JPM	D	3.67%	0.65%	0.65%
LNC	D	0.18%	0.35%	0.18%
LRCX	D	0.83%	0.98%	0.83%
PG	C	3.83%	3.09%	3.09%
TT	A	1.28%	0.41%	0.41%
V	C	3.07%	0.35%	0.35%
WMS	D	0.27%	0.42%	0.27%
WU	D	0.11%	0.5%	0.11%

AIEQ Overweight 120 Positions Relative to QDF

Symbol	Grade	Weight
CMCSA	B	3.9%
C	B	3.76%
SCHW	D	3.69%
SPGI	C	3.66%
NOW	C	3.3%
NFLX	A	2.6%
NEE	A	2.39%
EOG	B	2.36%
TJX	C	1.82%
URI	C	1.77%
AME	D	1.59%
TTD	C	1.46%
APP	A	1.17%
ALL	B	1.09%
XYL	C	1.03%
DECK	B	1.01%
HSY	D	0.97%
RJF	B	0.95%
MNST	D	0.88%
MCO	D	0.87%
CME	A	0.83%
PCG	B	0.83%
APD	C	0.82%
FMC	B	0.82%
DVA	C	0.82%
PCAR	D	0.81%
EG	B	0.78%
WAT	B	0.75%
HAL	F	0.74%
PKG	C	0.74%
MCK	F	0.74%
NDAQ	C	0.73%
W	D	0.7%
ADM	D	0.67%
HRL	F	0.62%
EQT	B	0.62%
OKE	B	0.59%
CHTR	D	0.58%
MAS	A	0.57%
OKTA	F	0.57%
OLLI	C	0.57%
VST	A	0.56%
PSTG	F	0.56%
MOD	B	0.56%
CHK	D	0.55%
TFX	C	0.55%
SYY	B	0.52%
BLD	C	0.52%
SQ	D	0.52%
HPE	B	0.5%
WYNN	B	0.48%
BKR	B	0.47%
TDG	A	0.44%
AMP	A	0.44%
ALB	D	0.44%
WMG	D	0.43%
ALNY	C	0.42%
DOX	B	0.42%
SPG	A	0.42%
INSP	B	0.41%
BDX	B	0.41%
PVH	F	0.41%
RS	D	0.41%
TRMB	B	0.4%
GTLS	F	0.39%
PII	D	0.39%
XRAY	D	0.39%
SOFI	C	0.36%
ITRI	C	0.35%
IBP	B	0.34%
TPL	B	0.32%
TECH	C	0.32%
NDSN	B	0.32%
ACHC	F	0.31%
OSK	F	0.3%
IRM	A	0.29%
SON	D	0.29%
LNT	A	0.27%
GRMN	D	0.27%
LAMR	C	0.27%
BIO	B	0.26%
PARA	F	0.26%
LANC	F	0.26%
NVST	D	0.26%
MEDP	F	0.26%
FLS	A	0.25%
CHE	C	0.25%
RYAN	A	0.24%
JAZZ	F	0.24%
EXAS	C	0.23%
MSM	D	0.23%
MTDR	F	0.23%
UBSI	D	0.22%
FDS	C	0.19%
BCC	C	0.18%
SEE	C	0.17%
TENB	F	0.16%
M	F	0.16%
BRX	C	0.16%
TKR	D	0.14%
LSTR	D	0.13%
SEIC	B	0.13%
CMI	B	0.13%
MORN	C	0.12%
FUL	F	0.11%
BC	D	0.1%
NTRS	C	0.09%
HOOD	C	0.09%
SUM	D	0.09%
R	C	0.09%
CADE	D	0.09%
MAN	D	0.09%
TXRH	A	0.08%
CWST	D	0.08%
FLO	D	0.08%
ITT	B	0.08%
NFG	A	0.04%
COOP	B	0.04%
NXST	D	0.01%
SWX	C	0.0%

AIEQ Underweight 109 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.55%
MSFT	D	-5.1%
NVDA	C	-5.03%
JNJ	D	-3.18%
META	A	-3.16%
ABBV	A	-3.01%
KO	C	-2.51%
ACN	B	-1.86%
HD	A	-1.73%
GOOGL	B	-1.71%
QCOM	D	-1.71%
INTU	F	-1.64%
GOOG	B	-1.51%
UNP	D	-1.33%
PM	C	-1.3%
LOW	A	-1.25%
ADP	A	-1.04%
NKE	D	-0.98%
GILD	A	-0.95%
KLAC	B	-0.95%
AVGO	C	-0.93%
ZTS	C	-0.81%
MO	D	-0.81%
CAT	A	-0.76%
MS	B	-0.76%
SBUX	B	-0.71%
MMM	C	-0.69%
LMT	A	-0.67%
VRT	B	-0.66%
PSA	C	-0.65%
BK	C	-0.62%
AFL	A	-0.61%
FAST	B	-0.6%
PAYX	A	-0.6%
PEG	A	-0.6%
PRU	C	-0.58%
AVB	C	-0.58%
D	A	-0.58%
MAA	C	-0.57%
NSA	C	-0.56%
EQR	C	-0.56%
OHI	C	-0.55%
SMG	A	-0.55%
MPC	F	-0.55%
NXPI	F	-0.55%
MCHP	F	-0.54%
CPT	C	-0.54%
MET	A	-0.54%
CHRW	A	-0.54%
STWD	C	-0.53%
MRK	F	-0.53%
IVZ	A	-0.52%
WTW	B	-0.52%
VIRT	B	-0.52%
KTB	B	-0.52%
JHG	C	-0.52%
NEP	D	-0.51%
IPG	C	-0.51%
ORI	B	-0.51%
VLO	F	-0.51%
CMA	C	-0.51%
UGI	C	-0.5%
RDN	D	-0.5%
EA	D	-0.5%
BPOP	D	-0.5%
XOM	A	-0.49%
DVN	F	-0.49%
WSM	B	-0.49%
OGE	A	-0.49%
FAF	B	-0.47%
SWKS	F	-0.47%
TPR	B	-0.46%
POOL	B	-0.46%
WY	B	-0.46%
SNA	A	-0.45%
HST	D	-0.44%
WDFC	B	-0.43%
NUE	D	-0.43%
OMF	F	-0.43%
EVRG	C	-0.41%
CUBE	C	-0.41%
SCCO	B	-0.4%
PFG	C	-0.39%
CTAS	B	-0.37%
EIX	A	-0.35%
APLE	D	-0.35%
RHI	D	-0.35%
ALLY	F	-0.35%
CFR	D	-0.34%
IRDM	B	-0.32%
OLN	D	-0.28%
BR	B	-0.28%
WING	B	-0.26%
NNN	A	-0.26%
MA	A	-0.25%
COST	C	-0.24%
NTAP	D	-0.23%
HRB	C	-0.18%
RMD	C	-0.18%
CL	D	-0.17%
PNW	A	-0.15%
BSY	D	-0.14%
PAYC	D	-0.13%
WMT	A	-0.12%
WFRD	F	-0.07%
CSWI	B	-0.06%
BKNG	C	-0.06%
MAR	B	-0.04%
STNG	D	-0.02%