DSTL vs. QLV ETF Comparison

Comparison of Distillate U.S. Fundamental Stability & Value ETF (DSTL) to FlexShares US Quality Low Volatility Index Fund (QLV)

DSTL

Distillate U.S. Fundamental Stability & Value ETF

DSTL Description

The investment seeks to track the performance, before fees and expenses, of the Distillate U.S. Fundamental Stability & Value Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2018 by Distillate Capital Partners LLC, the fund's investment adviser and index provider (the "Adviser"), and uses an objective, rules-based methodology to measure the performance of U.S.-listed, large-capitalization equity securities, selected based on certain fundamental factors.

Grade (RS Rating)

Last Trade

$58.17

Average Daily Volume

111,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will 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 the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	DSTL	QLV
30 Days	3.53%	0.23%
60 Days	2.84%	1.42%
90 Days	4.59%	3.24%
12 Months	26.97%	25.29%

20 Overlapping Holdings

Symbol	Grade	Weight in DSTL	Weight in QLV	Overlap
ABBV	D	2.24%	0.97%	0.97%
ABT	B	1.43%	0.92%	0.92%
ADP	B	1.37%	0.92%	0.92%
AMGN	D	1.73%	0.73%	0.73%
AVY	D	0.66%	0.64%	0.64%
CME	A	0.99%	0.91%	0.91%
DOX	D	0.75%	0.76%	0.75%
EA	A	0.88%	0.23%	0.23%
GD	F	1.04%	0.61%	0.61%
GIS	D	0.74%	0.72%	0.72%
HII	D	0.56%	0.36%	0.36%
HRL	D	0.7%	0.4%	0.4%
HSY	F	0.74%	0.46%	0.46%
JNJ	D	2.48%	1.68%	1.68%
LMT	D	1.16%	1.07%	1.07%
MCK	B	1.41%	0.35%	0.35%
PKG	A	0.81%	0.61%	0.61%
TMUS	B	2.46%	1.14%	1.14%
UNH	C	3.36%	0.07%	0.07%
ZM	B	0.86%	0.7%	0.7%

DSTL Overweight 77 Positions Relative to QLV

Symbol	Grade	Weight
CSCO	B	2.15%
CRM	B	2.02%
CMCSA	B	1.95%
BKNG	A	1.58%
QCOM	F	1.54%
CI	F	1.53%
MO	A	1.47%
LOW	D	1.33%
HON	B	1.31%
AMAT	F	1.21%
PYPL	B	1.2%
PCAR	B	1.19%
FDX	B	1.16%
ELV	F	1.15%
EPD	A	1.14%
MPLX	A	1.08%
LRCX	F	1.02%
ABNB	C	1.01%
PAYX	C	1.0%
FANG	D	0.99%
CMI	A	0.93%
KR	B	0.92%
AJG	B	0.92%
CPAY	A	0.91%
AME	A	0.89%
FIS	C	0.89%
CTSH	B	0.88%
JBL	B	0.88%
WAB	B	0.87%
GDDY	A	0.87%
SW	A	0.87%
SYY	B	0.86%
JAZZ	B	0.85%
FIX	A	0.85%
OC	A	0.85%
EPAM	C	0.84%
LEN	D	0.83%
OMC	C	0.82%
TDY	B	0.82%
PR	B	0.81%
BR	A	0.8%
ON	D	0.79%
USFD	A	0.79%
LECO	B	0.79%
DBX	B	0.79%
TOL	B	0.79%
GMED	A	0.78%
PHM	D	0.77%
SSNC	B	0.76%
DGX	A	0.76%
NTAP	C	0.76%
FFIV	B	0.76%
TXT	D	0.75%
NVR	D	0.74%
TPX	B	0.72%
GGG	B	0.72%
VRSN	F	0.72%
DRI	B	0.72%
MAS	D	0.71%
ULTA	F	0.7%
ALLE	D	0.7%
MEDP	D	0.7%
LKQ	D	0.7%
CBOE	B	0.69%
DKS	C	0.66%
SWKS	F	0.66%
EMN	D	0.65%
BLD	D	0.65%
GPC	D	0.64%
WSM	B	0.63%
UHS	D	0.63%
AOS	F	0.62%
WEX	D	0.61%
WMS	D	0.61%
ICLR	D	0.54%
CROX	D	0.5%
QRVO	F	0.46%

DSTL Underweight 94 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.86%
NVDA	C	-5.54%
AAPL	C	-5.13%
PG	A	-3.17%
AMZN	C	-2.5%
LLY	F	-2.4%
MRK	F	-2.29%
V	A	-2.25%
MCD	D	-1.97%
IBM	C	-1.77%
VZ	C	-1.58%
PEP	F	-1.52%
T	A	-1.46%
META	D	-1.27%
XOM	B	-1.15%
GILD	C	-1.11%
QLYS	C	-0.89%
ATR	B	-0.89%
WTW	B	-0.87%
DUK	C	-0.87%
GOOGL	C	-0.87%
TXN	C	-0.86%
PSA	D	-0.84%
AIZ	A	-0.84%
WEC	A	-0.83%
WDFC	B	-0.81%
TYL	C	-0.81%
ED	D	-0.77%
K	A	-0.77%
RGLD	C	-0.77%
LSTR	D	-0.74%
CHE	D	-0.74%
CB	C	-0.72%
CHKP	D	-0.72%
WM	A	-0.68%
SO	D	-0.68%
QGEN	D	-0.67%
TRV	B	-0.66%
DTM	B	-0.65%
DLR	B	-0.65%
GOOG	C	-0.62%
CALM	A	-0.62%
EQIX	A	-0.62%
ALL	A	-0.62%
XEL	A	-0.62%
SMMT	D	-0.61%
NOC	D	-0.6%
BRK.A	B	-0.59%
CINF	A	-0.59%
RSG	A	-0.58%
WCN	A	-0.57%
CTVA	C	-0.57%
AZO	C	-0.56%
AEE	A	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.53%
JKHY	D	-0.53%
SCI	B	-0.53%
CTRA	B	-0.53%
WRB	A	-0.53%
ADC	B	-0.52%
AEP	D	-0.52%
PNW	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
TTEK	F	-0.46%
NBIX	C	-0.43%
AVGO	D	-0.4%
VRSK	A	-0.39%
BMRN	D	-0.37%
NFG	A	-0.37%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
PM	B	-0.21%
JPM	A	-0.21%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
ROP	B	-0.14%
NCNO	B	-0.13%
CAG	D	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
MMC	B	-0.05%
EXPD	D	-0.03%