GQRE vs. FFLV ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to Fidelity Fundamental Large Cap Value ETF (FFLV)

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally 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 its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.16

Average Daily Volume

18,015

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.11

Average Daily Volume

884

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	FFLV
30 Days	-0.18%	4.61%
60 Days	-2.28%	5.50%
90 Days	1.56%	6.74%
12 Months	22.76%

5 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in FFLV	Overlap
CCI	D	0.19%	0.14%	0.14%
CPT	B	1.73%	0.28%	0.28%
PLD	D	2.99%	1.66%	1.66%
PSA	D	0.64%	0.65%	0.64%
WELL	A	1.42%	1.32%	1.32%

GQRE Overweight 58 Positions Relative to FFLV

Symbol	Grade	Weight
SPG	B	5.85%
DLR	B	5.76%
AVB	B	4.37%
EQR	B	3.36%
ESS	B	2.62%
VICI	C	2.46%
AMT	D	2.37%
KIM	A	2.25%
UDR	B	1.88%
EQIX	A	1.74%
AMH	D	1.67%
HST	C	1.66%
REG	B	1.59%
LAMR	D	1.5%
CUBE	D	1.45%
NNN	D	1.04%
ADC	B	1.02%
FR	C	0.94%
VNO	B	0.91%
STAG	F	0.89%
KRG	B	0.8%
EPRT	B	0.77%
IRM	D	0.69%
SLG	B	0.66%
CUZ	B	0.64%
IRT	A	0.63%
KRC	C	0.6%
SBRA	C	0.57%
SKT	B	0.52%
APLE	B	0.47%
HIW	D	0.46%
EPR	D	0.45%
NHI	D	0.45%
WY	D	0.43%
BNL	D	0.43%
PK	B	0.42%
HASI	D	0.42%
O	D	0.41%
IIPR	D	0.4%
NSA	D	0.4%
UE	C	0.38%
AKR	B	0.35%
IVT	B	0.3%
EQC	B	0.29%
LTC	B	0.28%
SHO	C	0.28%
XHR	B	0.28%
DBRG	F	0.28%
AAT	B	0.26%
ALEX	C	0.26%
DRH	B	0.26%
PDM	D	0.26%
ESRT	C	0.26%
CSR	B	0.24%
JOE	F	0.24%
RLJ	C	0.24%
NXRT	B	0.24%
HPP	F	0.16%

GQRE Underweight 103 Positions Relative to FFLV

Symbol	Grade	Weight
XOM	B	-4.54%
JPM	A	-4.36%
CSCO	B	-3.48%
WFC	A	-3.09%
HIG	B	-2.6%
BAC	A	-2.34%
CMCSA	B	-2.31%
UNH	C	-2.23%
TRV	B	-2.2%
JNJ	D	-2.03%
ELV	F	-1.96%
KVUE	A	-1.95%
JCI	C	-1.84%
FDX	B	-1.7%
CI	F	-1.59%
EIX	B	-1.58%
USFD	A	-1.49%
PCG	A	-1.49%
ALSN	B	-1.38%
APO	B	-1.37%
SJM	D	-1.24%
CVS	D	-1.21%
AZN	D	-1.09%
BRK.A	B	-1.04%
WLK	D	-1.01%
RJF	A	-1.01%
TKR	D	-0.99%
CNC	D	-0.96%
MCHP	D	-0.94%
SRE	A	-0.89%
COR	B	-0.88%
MRK	F	-0.88%
AFG	A	-0.87%
TSM	B	-0.86%
TRGP	B	-0.84%
DOX	D	-0.84%
GEN	B	-0.83%
GPK	C	-0.82%
KDP	D	-0.8%
UHAL	D	-0.8%
CB	C	-0.76%
ORI	A	-0.75%
GDDY	A	-0.7%
RRX	B	-0.69%
LMT	D	-0.68%
FLR	B	-0.68%
TPX	B	-0.67%
CNXC	F	-0.67%
LW	C	-0.65%
SNX	C	-0.61%
BCO	D	-0.6%
WCC	B	-0.58%
XPO	B	-0.58%
LOW	D	-0.58%
BC	C	-0.58%
KO	D	-0.57%
CG	A	-0.56%
AES	F	-0.54%
ALLY	C	-0.54%
CEG	D	-0.52%
KEY	B	-0.52%
HPQ	B	-0.47%
SW	A	-0.47%
VST	B	-0.46%
UFPI	B	-0.46%
GMS	B	-0.46%
GPN	B	-0.44%
LAD	A	-0.43%
IPG	D	-0.42%
APTV	D	-0.39%
FAF	A	-0.38%
GTES	A	-0.38%
DOOO	F	-0.37%
LPX	B	-0.36%
OLN	D	-0.33%
HRI	B	-0.32%
CC	C	-0.31%
AAP	C	-0.31%
DAR	C	-0.31%
HOG	D	-0.3%
LITE	B	-0.29%
SLM	A	-0.28%
MDU	D	-0.27%
HRB	D	-0.27%
UPBD	B	-0.26%
G	B	-0.26%
BG	F	-0.25%
OMF	A	-0.24%
PM	B	-0.22%
NXST	C	-0.22%
VSTS	C	-0.22%
CIEN	B	-0.22%
TEX	D	-0.21%
AR	B	-0.2%
COMP	B	-0.2%
SIG	B	-0.2%
TPR	B	-0.17%
SNY	F	-0.17%
MOH	F	-0.13%
EWBC	A	-0.13%
FCNCA	A	-0.12%
WBS	A	-0.11%
FTRE	D	-0.07%