HFXI vs. EFAV ETF Comparison

Comparison of IQ 50 Percent Hedged FTSE International ETF (HFXI) to iShares MSCI EAFE Minimum Volatility ETF (EFAV)

HFXI

IQ 50 Percent Hedged FTSE International ETF

HFXI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the FTSE Developed ex North America 50% Hedged to USD Index (the "underlying index"). The underlying index is an equity benchmark of international stocks from developed markets, with approximately half of the currency exposure of the securities included in the underlying index "hedged" against the U.S. dollar on a monthly basis. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its underlying index.

Grade (RS Rating)

Last Trade

$26.53

Average Daily Volume

101,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFAV

iShares MSCI EAFE Minimum Volatility ETF

EFAV Description

The investment seeks the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the MSCI EAFE Minimum Volatility Index. The components of the underlying index, and the degree to which these components represent certain industries, may change over time. Components primarily include consumer staples, financial and healthcare companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.59

Average Daily Volume

276,888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFXI	EFAV
30 Days	-1.12%	-2.16%
60 Days	-2.75%	-5.71%
90 Days	-3.24%	-4.99%
12 Months	13.34%	11.54%

9 Overlapping Holdings

Symbol	Grade	Weight in HFXI	Weight in EFAV	Overlap
AGCO	D	0.04%	0.04%	0.04%
HMC	F	0.26%	0.24%	0.24%
MBAVU	D	0.03%	0.02%	0.02%
MFG	B	0.27%	0.36%	0.27%
MUFG	B	0.58%	0.8%	0.58%
NMR	B	0.09%	0.11%	0.09%
SMFG	B	0.42%	0.54%	0.42%
SONY	B	0.59%	0.71%	0.59%
TM	D	1.07%	1.1%	1.07%

HFXI Overweight 19 Positions Relative to EFAV

Symbol	Grade	Weight
NVS	D	1.17%
HSBH	B	0.85%
UL	D	0.81%
ABBV	D	0.47%
DEO	F	0.39%
LYG	F	0.26%
BCS	C	0.24%
FLUT	A	0.21%
E	F	0.2%
STLA	F	0.15%
SW	A	0.14%
KB	B	0.13%
SHG	D	0.13%
XRX	F	0.09%
LOGI	D	0.08%
QGEN	D	0.05%
AEI	D	0.04%
KEP	B	0.03%
LPL	F	0.0%

HFXI Underweight 0 Positions Relative to EFAV

	Symbol	Grade	Weight

HFXI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment Gambling Household & Personal Products Information Technology Services Oil & Gas Integrated Packaging & Containers Real Estate - Development Utilities - Regulated Electric