GIGB vs. IQDE ETF Comparison

Comparison of Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

GIGB

Goldman Sachs Access Investment Grade Corporate Bond ETF

GIGB Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Citi Goldman Sachs Investment Grade Corporate Bond Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars ("USD") that meet certain liquidity and fundamental screening criteria.

Grade (RS Rating)

Last Trade

$47.41

Average Daily Volume

63,384

Number of Holdings ^*

184

* 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

$22.94

Average Daily Volume

2,046

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GIGB	IQDE
30 Days	1.65%	1.59%
60 Days	4.55%	4.54%
90 Days	5.34%	5.74%
12 Months	11.78%	19.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in GIGB	Weight in IQDE	Overlap
	BABA	B	0.03%	0.28%	0.03%
	TD	B	0.11%	0.06%	0.06%

GIGB Overweight 182 Positions Relative to IQDE

Symbol	Grade	Weight
CB	B	0.16%
WDC	D	0.14%
DHR	B	0.12%
WAB	B	0.1%
GLPI	C	0.1%
KOF	D	0.09%
GPN	D	0.09%
DFS	B	0.09%
DELL	D	0.08%
OTIS	C	0.07%
AER	B	0.07%
SLB	F	0.07%
SHW	B	0.07%
CSCO	C	0.07%
KEY	B	0.07%
RSG	D	0.06%
REGN	C	0.06%
WBA	F	0.06%
SYY	D	0.06%
EOG	D	0.06%
CM	B	0.06%
TMUS	C	0.06%
NEM	B	0.05%
MDT	C	0.05%
CF	C	0.05%
SCCO	D	0.05%
OMC	B	0.05%
NVDA	D	0.05%
TMO	B	0.05%
HCA	B	0.05%
CAG	C	0.05%
DD	B	0.05%
KHC	C	0.05%
UNP	C	0.05%
HBAN	B	0.05%
GILD	B	0.05%
FOXA	B	0.05%
KLAC	D	0.04%
ITW	C	0.04%
HRL	C	0.04%
HPE	D	0.04%
GE	B	0.04%
HPQ	D	0.04%
SWK	B	0.04%
LRCX	F	0.04%
TXN	C	0.04%
GOOGL	D	0.04%
DLTR	F	0.04%
VLO	F	0.04%
ALLY	F	0.04%
TGT	C	0.04%
BNS	B	0.04%
NOC	B	0.04%
TFC	C	0.04%
FITB	B	0.04%
RY	B	0.04%
VTRS	D	0.04%
ABBV	C	0.04%
WY	C	0.03%
ARE	C	0.03%
RPRX	C	0.03%
LUV	C	0.03%
DE	B	0.03%
HES	F	0.03%
FIS	B	0.03%
MET	B	0.03%
MAR	C	0.03%
GIS	B	0.03%
EIX	C	0.03%
BDX	D	0.03%
CRM	D	0.03%
DOW	D	0.03%
LYB	D	0.03%
JEF	B	0.03%
SYF	C	0.03%
PCG	C	0.03%
COST	B	0.03%
ZTS	C	0.03%
PSX	F	0.03%
PAA	C	0.03%
CARR	B	0.03%
SO	B	0.03%
C	C	0.03%
AXP	B	0.03%
HAL	F	0.03%
EXPE	C	0.02%
DVN	F	0.02%
ZBH	F	0.02%
AMAT	D	0.02%
NKE	D	0.02%
NXPI	F	0.02%
ED	C	0.02%
TSN	C	0.02%
ADBE	F	0.02%
QCOM	D	0.02%
ABT	C	0.02%
OKE	B	0.02%
BHP	D	0.02%
EPD	B	0.02%
COP	D	0.02%
MA	B	0.02%
DB	B	0.02%
ETN	C	0.02%
TAP	D	0.02%
WMT	C	0.02%
MPLX	B	0.02%
MPC	F	0.02%
HSBC	B	0.02%
ADM	D	0.01%
FANG	D	0.01%
BERY	B	0.01%
WELL	C	0.01%
LLY	C	0.01%
MMM	B	0.01%
GD	B	0.01%
NI	B	0.01%
BK	B	0.01%
LMT	C	0.01%
KO	C	0.01%
EXC	C	0.01%
CCI	C	0.01%
AZN	D	0.01%
SPG	B	0.01%
AIG	D	0.01%
PRU	C	0.01%
KDP	B	0.01%
DUK	C	0.01%
SBUX	C	0.01%
PM	C	0.01%
MMC	C	0.01%
ICE	C	0.01%
EBAY	B	0.01%
COF	B	0.01%
BSX	B	0.01%
STT	A	0.01%
PEP	C	0.01%
FDX	C	0.01%
EQNR	F	0.01%
CSX	D	0.01%
USB	B	0.01%
MU	F	0.01%
INTC	F	0.01%
WMB	B	0.01%
PNC	B	0.01%
NWG	C	0.01%
MUFG	D	0.01%
MO	C	0.01%
HON	D	0.01%
CAT	B	0.01%
KMI	B	0.01%
XOM	C	0.01%
VOD	C	0.01%
UPS	D	0.01%
MCD	B	0.01%
AVGO	C	0.01%
V	C	0.01%
AMT	C	0.01%
ORCL	C	0.01%
CHTR	D	0.01%
RTX	C	0.01%
JNJ	C	0.01%
DIS	D	0.01%
CMCSA	D	0.01%
VZ	B	0.01%
CI	C	0.01%
BA	F	0.01%
AMZN	C	0.01%
IBM	B	0.01%
MS	D	0.01%
PFE	C	0.01%
BAC	D	0.01%
GM	C	0.01%
CVX	D	0.01%
ET	B	0.01%
JPM	D	0.01%
MSFT	C	0.01%
ARCC	B	0.01%
BMO	C	0.01%
CVS	D	0.01%
T	C	0.01%
WFC	D	0.01%
AAPL	C	0.01%

GIGB Underweight 11 Positions Relative to IQDE

Symbol	Grade	Weight
NVS	C	-1.34%
SMFG	D	-0.53%
CNI	D	-0.44%
BCS	B	-0.41%
STLA	F	-0.29%
SKM	B	-0.22%
BCH	C	-0.22%
AGCO	D	-0.21%
OTEX	D	-0.17%
VALE	D	-0.14%
UL	C	-0.12%