IQDE vs. FEDM ETF Comparison

Comparison of FlexShares International Quality Dividend Defensive Index Fund (IQDE) to FlexShares ESG & Climate Developed Markets (FEDM)

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE 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 Defensive 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

$21.72

Average Daily Volume

1,430

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEDM

FlexShares ESG & Climate Developed Markets

FEDM Description

FlexShares ESG & Climate Developed Markets is an exchange traded indexed fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in public equity markets across global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Northern Trust ESG & Climate Developed Markets, by using representative sampling technique. FlexShares ESG & Climate Developed Markets was formed on September 20, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.33

Average Daily Volume

1,118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDE	FEDM
30 Days	-2.98%	-3.24%
60 Days	-4.67%	-6.21%
90 Days	-5.64%	-3.86%
12 Months	11.38%	12.02%

6 Overlapping Holdings

Symbol	Grade	Weight in IQDE	Weight in FEDM	Overlap
BCS	C	0.49%	0.24%	0.24%
CNI	D	0.42%	0.87%	0.42%
HSBH	B	0.15%	0.75%	0.15%
NVS	D	1.25%	1.21%	1.21%
OTEX	D	0.16%	0.22%	0.16%
TD	F	0.05%	1.24%	0.05%

IQDE Overweight 8 Positions Relative to FEDM

Symbol	Grade	Weight
SMFG	B	0.61%
BABA	D	0.3%
STLA	F	0.27%
BCH	F	0.22%
SKM	D	0.21%
AGCO	D	0.21%
VALE	F	0.14%
UL	D	0.11%

IQDE Underweight 10 Positions Relative to FEDM

Symbol	Grade	Weight
DEO	F	-0.95%
MUFG	B	-0.89%
SONY	B	-0.75%
TM	D	-0.56%
NMR	B	-0.5%
XRX	F	-0.34%
WFG	D	-0.15%
MFG	B	-0.15%
GOLD	D	-0.05%
HMC	F	-0.04%