GQRE vs. XHYC ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (XHYC)

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

$62.76

Average Daily Volume

19,970

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

XHYC Description

The BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the consumer cyclicals sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the consumer cyclicals sector (companies whose performance is generally more closely connected to the business cycle and current economic conditions), including the automotive, leisure, real estate development & management, department stores, and specialty retail subsectors. The performance of securities in this sector, in the aggregate, may exhibit greater volatility in response to macroeconomic or systematic changes in the overall economy.

Grade (RS Rating)

Last Trade

$37.87

Average Daily Volume

9,775

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	XHYC
30 Days	6.69%	1.47%
60 Days	9.26%	1.62%
90 Days	16.11%	2.78%
12 Months	24.89%	12.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in GQRE	Weight in XHYC	Overlap
	PK	D	0.38%	0.4%	0.38%

GQRE Overweight 62 Positions Relative to XHYC

Symbol	Grade	Weight
SPG	B	5.22%
DLR	B	4.99%
AVB	B	4.3%
EQR	B	3.44%
PLD	C	3.32%
AMT	C	2.83%
ESS	B	2.6%
VICI	C	2.59%
KIM	C	2.09%
UDR	C	1.89%
AMH	C	1.74%
CPT	B	1.71%
EQIX	C	1.64%
CUBE	B	1.57%
HST	C	1.56%
REG	C	1.56%
LAMR	B	1.44%
WELL	C	1.33%
NNN	C	1.17%
ADC	C	1.0%
FR	B	0.97%
STAG	C	0.94%
KRG	B	0.76%
VNO	B	0.73%
EPRT	B	0.73%
IRM	C	0.68%
PSA	B	0.68%
IRT	B	0.6%
CUZ	B	0.58%
SLG	B	0.57%
SBRA	C	0.55%
KRC	B	0.51%
HASI	C	0.5%
IIPR	B	0.47%
EPR	B	0.47%
NHI	C	0.47%
BNL	B	0.46%
HIW	B	0.45%
SKT	B	0.44%
O	C	0.44%
NSA	B	0.43%
APLE	D	0.42%
WY	C	0.42%
UE	B	0.34%
AKR	B	0.32%
IVT	B	0.29%
DBRG	D	0.29%
EQC	C	0.29%
JOE	C	0.27%
ALEX	B	0.26%
LTC	C	0.26%
SHO	C	0.26%
ESRT	B	0.25%
PDM	B	0.25%
AAT	B	0.24%
NXRT	C	0.24%
XHR	B	0.24%
CSR	B	0.23%
DRH	C	0.23%
RLJ	D	0.22%
CCI	C	0.21%
HPP	D	0.19%

GQRE Underweight 55 Positions Relative to XHYC

Symbol	Grade	Weight
HBI	B	-0.9%
KW	C	-0.85%
BBWI	F	-0.77%
CHDN	C	-0.66%
SAH	D	-0.6%
BALY	B	-0.59%
CCL	C	-0.57%
NMG	F	-0.53%
CRI	D	-0.52%
SIX	B	-0.5%
ADNT	F	-0.5%
ABG	D	-0.49%
RCL	B	-0.49%
RRR	D	-0.48%
CZR	C	-0.48%
TNL	D	-0.48%
VAC	F	-0.48%
CVNA	B	-0.44%
CASH	B	-0.43%
CWK	B	-0.4%
FPH	C	-0.39%
BYD	C	-0.38%
GT	F	-0.37%
AMC	F	-0.37%
WH	B	-0.37%
DAN	F	-0.36%
GPI	B	-0.36%
AXL	F	-0.35%
NCLH	C	-0.35%
JWN	C	-0.35%
PENN	D	-0.35%
F	F	-0.35%
ALSN	B	-0.34%
CROX	D	-0.34%
CNK	C	-0.27%
HLT	B	-0.26%
LYV	B	-0.26%
MTN	D	-0.26%
GIII	C	-0.26%
FUN	D	-0.25%
IGT	D	-0.25%
MGM	F	-0.25%
LAD	D	-0.25%
LIND	C	-0.25%
UA	D	-0.25%
EVRI	C	-0.25%
VSCO	C	-0.24%
LEVI	C	-0.24%
FL	D	-0.24%
PAG	D	-0.24%
THO	D	-0.23%
WWW	B	-0.23%
M	F	-0.2%
CPS	F	-0.17%
FLL	F	-0.13%