HSMV vs. QDF ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to FlexShares Quality Dividend Index Fund (QDF)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$36.39

Average Daily Volume

1,160

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust 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. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.33

Average Daily Volume

45,847

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	QDF
30 Days	1.88%	3.71%
60 Days	7.16%	9.65%
90 Days	10.13%	6.61%
12 Months	25.86%	31.89%

10 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in QDF	Overlap
CUBE	C	0.27%	0.4%	0.27%
FAF	C	0.41%	0.48%	0.41%
HRB	C	0.28%	0.18%	0.18%
JHG	A	0.58%	0.51%	0.51%
NNN	C	1.16%	0.27%	0.27%
NSA	D	0.15%	0.54%	0.15%
OGE	C	1.53%	0.5%	0.5%
OHI	C	1.13%	0.53%	0.53%
ORI	A	1.7%	0.52%	0.52%
RDN	D	0.41%	0.5%	0.41%

HSMV Overweight 136 Positions Relative to QDF

Symbol	Grade	Weight
ATR	A	2.04%
POST	C	1.7%
INGR	B	1.67%
SEIC	B	1.65%
DTM	A	1.62%
CTRE	C	1.6%
CACI	A	1.48%
IDA	D	1.46%
MSGS	A	1.37%
ADC	C	1.33%
DCI	B	1.33%
AMH	D	1.31%
CHE	D	1.29%
RLI	A	1.28%
FLO	D	1.26%
NJR	C	1.22%
AM	A	1.2%
NWE	C	1.18%
NFG	A	1.15%
FHI	A	1.14%
POR	D	1.11%
AFG	A	1.08%
GNTX	D	1.06%
MMS	C	1.06%
GGG	C	1.04%
GLPI	C	1.04%
NYT	C	1.02%
MDU	C	0.97%
DLB	D	0.93%
EHC	C	0.91%
FCPT	C	0.9%
EPR	C	0.89%
BKH	C	0.89%
MSA	F	0.87%
KBR	A	0.85%
ELS	D	0.83%
EFC	D	0.83%
LSTR	F	0.78%
ESNT	A	0.78%
AVA	D	0.77%
ENSG	D	0.77%
PECO	C	0.72%
PRI	A	0.71%
AWR	B	0.71%
CBSH	D	0.71%
OGS	C	0.71%
RNR	A	0.7%
EGP	D	0.7%
EPRT	C	0.68%
PBH	D	0.68%
LOPE	D	0.67%
SLGN	B	0.66%
CPK	C	0.65%
RGA	B	0.65%
RPM	A	0.63%
CW	A	0.63%
NMIH	B	0.61%
AMG	B	0.61%
AGO	B	0.6%
SF	A	0.6%
FCN	C	0.59%
IDCC	A	0.59%
PRGS	A	0.59%
SCI	D	0.58%
FELE	C	0.57%
SBRA	C	0.57%
MTG	A	0.57%
ACM	A	0.56%
COLM	B	0.56%
BCPC	C	0.54%
CWT	D	0.54%
ARW	C	0.54%
RS	D	0.52%
AVT	B	0.52%
FNF	C	0.52%
EPC	F	0.52%
CHH	A	0.52%
GATX	F	0.51%
FR	D	0.48%
FLS	A	0.47%
LANC	F	0.47%
MSM	D	0.47%
LAMR	C	0.46%
MUSA	D	0.46%
BRX	C	0.46%
RYN	C	0.45%
CHDN	C	0.44%
PFGC	A	0.43%
ASH	F	0.42%
BWXT	A	0.42%
BLKB	C	0.42%
SAIC	A	0.41%
PB	D	0.4%
JEF	A	0.39%
CLH	B	0.39%
ENR	B	0.39%
CNO	B	0.39%
MAN	D	0.38%
ITT	C	0.38%
LXP	D	0.38%
GPK	D	0.38%
RGLD	C	0.35%
ABM	D	0.35%
IOSP	F	0.35%
BJ	B	0.35%
CSL	A	0.34%
AGCO	D	0.33%
FNB	D	0.33%
JJSF	C	0.33%
COOP	B	0.33%
LECO	D	0.33%
MTN	D	0.31%
G	A	0.31%
JAZZ	F	0.31%
EXEL	B	0.3%
KEX	C	0.3%
EVR	C	0.3%
MIDD	D	0.29%
CRI	D	0.28%
ALV	F	0.28%
ONB	D	0.28%
KFY	C	0.28%
LFUS	C	0.27%
EVTC	D	0.27%
R	C	0.27%
LII	C	0.26%
ORA	C	0.26%
OSK	F	0.26%
AIN	F	0.26%
FSS	D	0.25%
HXL	F	0.24%
PLXS	A	0.24%
REXR	D	0.24%
CASY	D	0.24%
IRT	D	0.23%
PCH	C	0.21%

HSMV Underweight 117 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.57%
MSFT	D	-4.98%
NVDA	B	-4.97%
META	A	-3.23%
JNJ	D	-3.17%
ABBV	C	-3.08%
PG	D	-3.08%
KO	C	-2.51%
ACN	B	-1.97%
HD	A	-1.79%
GOOGL	B	-1.76%
QCOM	D	-1.73%
INTU	F	-1.57%
GOOG	B	-1.55%
UNP	F	-1.3%
LOW	C	-1.29%
PM	D	-1.29%
ADP	A	-1.07%
LRCX	D	-1.01%
GILD	A	-0.96%
KLAC	B	-0.96%
NKE	D	-0.93%
AVGO	B	-0.91%
MO	D	-0.81%
ZTS	C	-0.81%
CAT	A	-0.78%
MS	A	-0.78%
SBUX	B	-0.73%
ITW	C	-0.72%
LMT	A	-0.71%
VRT	B	-0.7%
MMM	C	-0.69%
AFL	A	-0.64%
PSA	C	-0.64%
JPM	C	-0.64%
PEG	A	-0.63%
PAYX	B	-0.63%
EBAY	A	-0.62%
BK	A	-0.62%
D	A	-0.6%
FIS	A	-0.59%
SMG	C	-0.59%
FAST	C	-0.59%
PRU	B	-0.58%
AVB	C	-0.57%
NXPI	F	-0.56%
MPC	D	-0.56%
MCHP	F	-0.55%
MAA	D	-0.55%
EQR	C	-0.55%
MET	A	-0.55%
GEN	A	-0.54%
CHRW	C	-0.54%
IVZ	A	-0.53%
VLO	F	-0.53%
WTW	C	-0.53%
KTB	C	-0.53%
VIRT	B	-0.52%
CPT	C	-0.52%
MRK	F	-0.52%
XOM	A	-0.51%
EA	D	-0.51%
NEP	D	-0.51%
IPG	D	-0.51%
CMA	C	-0.5%
WU	D	-0.5%
STWD	C	-0.5%
WSM	C	-0.49%
UGI	C	-0.49%
DVN	F	-0.48%
SWKS	F	-0.47%
BPOP	D	-0.47%
SNA	C	-0.46%
POOL	D	-0.46%
WY	C	-0.46%
TPR	B	-0.46%
WDFC	B	-0.44%
OMF	D	-0.43%
WMS	D	-0.43%
NUE	D	-0.43%
HST	D	-0.42%
SCCO	B	-0.42%
EVRG	C	-0.41%
TT	A	-0.41%
PFG	A	-0.39%
CTAS	C	-0.38%
ALLY	F	-0.36%
V	B	-0.36%
RHI	D	-0.35%
IRDM	C	-0.35%
LNC	B	-0.35%
EIX	C	-0.35%
APLE	B	-0.34%
CFR	B	-0.33%
OLN	D	-0.29%
BR	B	-0.29%
WING	C	-0.26%
MA	A	-0.25%
NTAP	D	-0.23%
COST	C	-0.23%
CL	D	-0.17%
DPZ	D	-0.17%
RMD	C	-0.17%
PNW	C	-0.16%
BSY	D	-0.14%
PAYC	D	-0.12%
WMT	A	-0.12%
COR	F	-0.12%
EXP	C	-0.08%
WFRD	F	-0.07%
BKNG	B	-0.06%
CSWI	A	-0.06%
MAR	A	-0.04%
COP	D	-0.04%
BAC	B	-0.02%
STNG	B	-0.02%
BBWI	F	-0.01%