BALI vs. QDF ETF Comparison

Comparison of BlackRock Advantage Large Cap Income ETF (BALI) to FlexShares Quality Dividend Index Fund (QDF)

BALI

BlackRock Advantage Large Cap Income ETF

BALI Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large cap equity securities and derivatives that have similar economic characteristics to such securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.13

Average Daily Volume

90,533

Number of Holdings ^*

149

* 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	BALI	QDF
30 Days	2.76%	0.01%
60 Days	5.55%	3.35%
90 Days	7.27%	4.74%
12 Months	29.45%	26.45%

40 Overlapping Holdings

Symbol	Grade	Weight in BALI	Weight in QDF	Overlap
AAPL	C	7.54%	8.28%	7.54%
ACN	B	0.06%	1.93%	0.06%
AVB	B	0.15%	0.58%	0.15%
AVGO	C	0.67%	0.94%	0.67%
BKNG	A	0.14%	0.07%	0.07%
CL	F	0.87%	0.15%	0.15%
COP	C	0.51%	0.04%	0.04%
COST	B	0.0%	0.24%	0.0%
CPT	C	0.18%	0.51%	0.18%
CTAS	B	1.13%	0.4%	0.4%
DVN	F	0.01%	0.45%	0.01%
GILD	B	1.32%	1.08%	1.08%
GOOG	C	1.67%	1.65%	1.65%
GOOGL	C	3.06%	1.87%	1.87%
HD	B	0.01%	1.73%	0.01%
IVZ	B	0.02%	0.53%	0.02%
JNJ	D	0.03%	2.98%	0.03%
JPM	A	1.21%	0.72%	0.72%
LMT	D	1.09%	0.65%	0.65%
LRCX	F	0.62%	0.92%	0.62%
MA	B	1.83%	0.26%	0.26%
META	B	1.57%	3.22%	1.57%
MO	A	0.8%	0.84%	0.8%
MRK	F	1.4%	0.46%	0.46%
MSFT	C	7.08%	4.88%	4.88%
NNN	F	0.25%	0.23%	0.23%
NTAP	D	0.27%	0.22%	0.22%
NUE	D	0.02%	0.45%	0.02%
NVDA	A	7.37%	5.94%	5.94%
OHI	C	0.15%	0.54%	0.15%
OMF	A	1.11%	0.52%	0.52%
PG	C	0.15%	2.91%	0.15%
PM	B	1.28%	1.32%	1.28%
PNW	A	1.0%	0.16%	0.16%
QCOM	F	1.11%	1.7%	1.11%
TT	B	0.38%	0.43%	0.38%
V	A	1.34%	0.39%	0.39%
WING	D	0.21%	0.2%	0.2%
WMT	A	1.2%	0.13%	0.13%
XOM	B	0.41%	0.49%	0.41%

BALI Overweight 109 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	A	4.84%
CVX	A	1.54%
PFE	F	1.24%
MMC	D	1.22%
PGR	A	1.21%
WM	A	1.2%
SHW	A	1.18%
UPS	C	1.15%
CME	B	1.1%
T	A	1.09%
C	B	1.06%
CAH	B	1.05%
RSG	B	1.04%
KMB	D	1.02%
UNH	B	0.98%
MDT	D	0.96%
TSLA	B	0.94%
VZ	D	0.94%
CMCSA	B	0.94%
LLY	F	0.91%
BRK.A	B	0.85%
FTNT	B	0.84%
KR	A	0.84%
NOC	D	0.83%
F	C	0.82%
AMGN	F	0.67%
TFC	B	0.67%
HCA	D	0.57%
TXRH	A	0.54%
MSI	B	0.54%
ADBE	C	0.5%
HESM	C	0.48%
UTHR	B	0.47%
CCEP	C	0.47%
EXPD	C	0.45%
NBIX	C	0.45%
FE	D	0.43%
SYK	A	0.43%
MU	D	0.42%
LDOS	C	0.41%
MANH	C	0.41%
ALL	B	0.39%
HAL	C	0.39%
ES	D	0.36%
NOW	A	0.36%
ETN	B	0.35%
CSCO	A	0.35%
TRV	B	0.34%
TJX	A	0.33%
EXC	C	0.32%
MTN	C	0.32%
EME	B	0.31%
CMS	D	0.31%
OSK	B	0.3%
NTRA	B	0.27%
SPGI	C	0.25%
WRB	B	0.25%
PH	A	0.24%
SPG	A	0.23%
ELV	F	0.22%
HAS	D	0.22%
CRWD	B	0.21%
HUBS	B	0.21%
PCAR	B	0.2%
MCK	B	0.19%
EXEL	B	0.18%
GD	C	0.14%
BSX	A	0.14%
INCY	B	0.14%
TSCO	D	0.14%
NFLX	A	0.14%
SMAR	A	0.13%
DDS	B	0.12%
DUK	D	0.11%
TMO	F	0.11%
KMI	B	0.11%
CI	D	0.11%
IDA	A	0.09%
DHI	D	0.08%
CSX	B	0.07%
HES	B	0.07%
KRG	B	0.07%
WCN	A	0.06%
ED	D	0.06%
NYT	C	0.05%
WHR	B	0.05%
ROST	D	0.05%
CBOE	D	0.04%
K	A	0.04%
SNAP	C	0.04%
DOC	C	0.04%
JNPR	D	0.03%
FLEX	B	0.03%
GWW	B	0.03%
MELI	D	0.03%
BIIB	F	0.03%
INGR	B	0.03%
XP	F	0.02%
PAG	B	0.02%
SON	F	0.02%
CLX	A	0.01%
LEVI	F	0.01%
CAG	F	0.01%
FOXA	A	0.0%
TSN	B	0.0%
BBY	C	0.0%
MCD	C	0.0%
EQIX	B	0.0%
RGA	A	0.0%

BALI Underweight 87 Positions Relative to QDF

Symbol	Grade	Weight
ABBV	F	-2.67%
KO	F	-2.19%
INTU	A	-1.77%
UNP	D	-1.27%
LOW	B	-1.27%
ADP	A	-1.13%
MS	A	-0.97%
NKE	F	-0.84%
VRT	B	-0.84%
KLAC	F	-0.81%
CAT	B	-0.76%
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%
PSA	D	-0.59%
EBAY	C	-0.58%
D	D	-0.58%
WTW	A	-0.56%
SNA	A	-0.56%
MAA	C	-0.55%
EA	A	-0.55%
MET	C	-0.54%
ORI	A	-0.53%
EQR	C	-0.53%
CHRW	A	-0.53%
MPC	D	-0.52%
OGE	B	-0.52%
VLO	C	-0.52%
NXPI	F	-0.52%
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%
FAF	C	-0.45%
POOL	D	-0.45%
WU	F	-0.44%
CFR	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%
BR	A	-0.3%
OLN	F	-0.26%
RMD	C	-0.18%
HRB	D	-0.17%
DPZ	C	-0.17%
PAYC	B	-0.16%
COR	B	-0.14%
BSY	F	-0.13%
EXP	B	-0.09%
WFRD	F	-0.07%
CSWI	B	-0.07%
MAR	A	-0.05%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	C	-0.01%