HFXI vs. IQDF ETF Comparison

Comparison of IQ 50 Percent Hedged FTSE International ETF (HFXI) to FlexShares International Quality Dividend Index Fund (IQDF)

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

IQDF

FlexShares International Quality Dividend Index Fund

IQDF 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 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

$24.50

Average Daily Volume

40,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HFXI	IQDF
30 Days	-1.12%	-3.56%
60 Days	-2.75%	-4.31%
90 Days	-3.24%	-4.47%
12 Months	13.34%	15.13%

8 Overlapping Holdings

Symbol	Grade	Weight in HFXI	Weight in IQDF	Overlap
AGCO	D	0.04%	0.21%	0.04%
BCS	C	0.24%	0.48%	0.24%
HSBH	B	0.85%	0.54%	0.54%
MUFG	B	0.58%	0.54%	0.54%
NVS	D	1.17%	1.89%	1.17%
SMFG	B	0.42%	0.4%	0.4%
STLA	F	0.15%	0.27%	0.15%
UL	D	0.81%	0.08%	0.08%

HFXI Overweight 20 Positions Relative to IQDF

Symbol	Grade	Weight
TM	D	1.07%
SONY	B	0.59%
ABBV	D	0.47%
DEO	F	0.39%
MFG	B	0.27%
LYG	F	0.26%
HMC	F	0.26%
FLUT	A	0.21%
E	F	0.2%
SW	A	0.14%
KB	B	0.13%
SHG	D	0.13%
NMR	B	0.09%
XRX	F	0.09%
LOGI	D	0.08%
QGEN	D	0.05%
AEI	D	0.04%
MBAVU	D	0.03%
KEP	B	0.03%
LPL	F	0.0%

HFXI Underweight 4 Positions Relative to IQDF

Symbol	Grade	Weight
BABA	D	-0.3%
UMC	F	-0.23%
VALE	F	-0.2%
CNI	D	-0.03%

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