GQRE vs. SPHD ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to PowerShares S&P 500 High Dividend Portfolio (SPHD)

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

$61.43

Average Daily Volume

19,349

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPHD

PowerShares S&P 500 High Dividend Portfolio

SPHD Description

The PowerShares S&P 500® High Dividend Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility High Dividend Index (the “Underlying Index”). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. Standard & Poor’s® compiles, maintains and calculates the Underlying Index, which is composed of 50 securities traded on the S&P 500 Index that historically have provided high dividend yields and low volatility. The Fund and the Index are rebalanced and reconstituted semi-annually, in January and July

Grade (RS Rating)

Last Trade

$50.28

Average Daily Volume

907,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	SPHD
30 Days	1.76%	1.68%
60 Days	10.23%	8.57%
90 Days	12.92%	15.04%
12 Months	31.08%	37.42%

5 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in SPHD	Overlap
CCI	D	0.2%	2.83%	0.2%
HST	D	1.66%	1.83%	1.66%
O	C	0.44%	2.34%	0.44%
SPG	A	5.29%	2.28%	2.28%
VICI	C	2.5%	2.54%	2.5%

GQRE Overweight 58 Positions Relative to SPHD

Symbol	Grade	Weight
DLR	C	5.01%
AVB	C	4.15%
EQR	C	3.26%
PLD	D	3.14%
AMT	D	2.69%
ESS	D	2.45%
KIM	C	2.01%
UDR	C	1.82%
CPT	C	1.7%
EQIX	C	1.65%
AMH	D	1.63%
CUBE	C	1.55%
LAMR	C	1.51%
REG	C	1.48%
WELL	C	1.29%
NNN	C	1.15%
FR	D	0.97%
ADC	C	0.97%
STAG	D	0.93%
VNO	B	0.82%
EPRT	C	0.77%
KRG	C	0.75%
IRM	B	0.68%
PSA	C	0.67%
IRT	D	0.59%
CUZ	C	0.58%
SLG	C	0.58%
KRC	C	0.57%
SBRA	C	0.56%
IIPR	C	0.5%
HASI	B	0.5%
NHI	C	0.47%
EPR	C	0.47%
HIW	C	0.46%
BNL	C	0.46%
SKT	A	0.46%
WY	C	0.45%
APLE	B	0.44%
NSA	D	0.43%
PK	D	0.41%
UE	C	0.33%
AKR	B	0.32%
DBRG	D	0.31%
EQC	D	0.28%
SHO	B	0.28%
XHR	A	0.27%
IVT	B	0.27%
JOE	D	0.27%
LTC	D	0.26%
PDM	C	0.26%
ESRT	C	0.26%
DRH	B	0.25%
ALEX	D	0.25%
AAT	C	0.24%
NXRT	D	0.23%
RLJ	D	0.23%
CSR	D	0.22%
HPP	F	0.18%

GQRE Underweight 45 Positions Relative to SPHD

Symbol	Grade	Weight
VZ	C	-2.9%
MO	D	-2.84%
T	B	-2.65%
BMY	A	-2.57%
D	A	-2.39%
KMI	A	-2.36%
PFE	D	-2.3%
AMCR	C	-2.29%
KVUE	C	-2.25%
K	B	-2.23%
PM	D	-2.22%
DOW	B	-2.18%
LYB	B	-2.15%
CAG	D	-2.14%
KHC	F	-2.12%
EVRG	C	-2.11%
ES	D	-2.1%
OKE	A	-2.09%
GILD	A	-2.01%
UPS	D	-1.98%
ETR	A	-1.96%
PNW	C	-1.94%
EIX	C	-1.93%
EXC	C	-1.89%
WEC	B	-1.88%
IPG	D	-1.88%
FE	C	-1.86%
FRT	D	-1.84%
IBM	A	-1.84%
WMB	A	-1.84%
VTRS	D	-1.78%
DUK	C	-1.75%
PRU	B	-1.71%
GIS	C	-1.69%
DRI	C	-1.65%
SJM	D	-1.61%
MDT	C	-1.57%
ABBV	C	-1.56%
EMN	C	-1.53%
CVX	B	-1.51%
CSCO	A	-1.49%
HRL	F	-1.47%
OMC	C	-1.41%
JNJ	D	-1.36%
XOM	A	-1.32%