EFAX vs. IQDE ETF Comparison

Comparison of SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

EFAX

SPDR MSCI EAFE Fossil Fuel Reserves Free ETF

EFAX Description

The SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index.

Grade (RS Rating)

Last Trade

$40.59

Average Daily Volume

25,671

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances 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. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$21.72

Average Daily Volume

1,430

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EFAX	IQDE
30 Days	-2.82%	-2.98%
60 Days	-6.02%	-4.67%
90 Days	-6.30%	-5.64%
12 Months	12.15%	11.38%

7 Overlapping Holdings

Symbol	Grade	Weight in EFAX	Weight in IQDE	Overlap
AGCO	D	0.04%	0.21%	0.04%
BCS	C	0.33%	0.49%	0.33%
HSBH	B	1.12%	0.15%	0.15%
NVS	D	1.36%	1.25%	1.25%
SMFG	B	0.59%	0.61%	0.59%
STLA	F	0.19%	0.27%	0.19%
UL	D	0.96%	0.11%	0.11%

EFAX Overweight 25 Positions Relative to IQDE

Symbol	Grade	Weight
TM	D	1.2%
MUFG	B	0.88%
SONY	B	0.78%
ABBV	D	0.6%
DEO	F	0.44%
MFG	B	0.4%
LYG	F	0.3%
HMC	F	0.26%
SE	B	0.25%
AER	B	0.13%
NMR	B	0.12%
XRX	F	0.11%
CHKP	D	0.1%
CCEP	C	0.1%
CYBR	B	0.09%
MT	B	0.08%
LOGI	D	0.08%
MNDY	C	0.07%
QGEN	D	0.06%
WIX	B	0.06%
GRAB	B	0.06%
FUTU	D	0.04%
TEVA	D	0.04%
GLBE	B	0.03%
MBAVU	D	0.02%

EFAX Underweight 7 Positions Relative to IQDE

Symbol	Grade	Weight
CNI	D	-0.42%
BABA	D	-0.3%
BCH	F	-0.22%
SKM	D	-0.21%
OTEX	D	-0.16%
VALE	F	-0.14%
TD	F	-0.05%

EFAX: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Software - Application Capital Markets Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Information Technology Services Internet Content & Information Internet Retail