IQDE vs. FIVA ETF Comparison

Comparison of FlexShares International Quality Dividend Defensive Index Fund (IQDE) to Fidelity International Value Factor ETF (FIVA)

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

FIVA

Fidelity International Value Factor ETF

FIVA Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity ® International Value Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity ® International Value Factor Index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$24.91

Average Daily Volume

27,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDE	FIVA
30 Days	-2.98%	-2.15%
60 Days	-4.67%	-4.80%
90 Days	-5.64%	-5.27%
12 Months	11.38%	10.72%

6 Overlapping Holdings

Symbol	Grade	Weight in IQDE	Weight in FIVA	Overlap
BCS	C	0.49%	0.83%	0.49%
CNI	D	0.42%	0.89%	0.42%
HSBH	B	0.15%	1.45%	0.15%
NVS	D	1.25%	1.24%	1.24%
STLA	F	0.27%	0.72%	0.27%
TD	F	0.05%	1.11%	0.05%

IQDE Overweight 8 Positions Relative to FIVA

Symbol	Grade	Weight
SMFG	B	0.61%
BABA	D	0.3%
BCH	F	0.22%
SKM	D	0.21%
AGCO	D	0.21%
OTEX	D	0.16%
VALE	F	0.14%
UL	D	0.11%

IQDE Underweight 2 Positions Relative to FIVA

	Symbol	Grade	Weight
	SONY	B	-1.54%
	ABBV	D	-1.04%