IQDE vs. GXUS ETF Comparison

Comparison of FlexShares International Quality Dividend Defensive Index Fund (IQDE) to Goldman Sachs MarketBeta Total International Equity ETF (GXUS)

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

GXUS

Goldman Sachs MarketBeta Total International Equity ETF

GXUS Description

GXUS is a passively managed fund that offers broad-based, vanilla exposure to the global ex-US equity space. The fund holds large- and mid-cap stocks, representing 85% of the free-float market capitalization of developed and emerging markets, excluding the US. Constituents are selected and weighted based on their market capitalization. The funds adviser employs tax management strategies such as in-kind redemptions and tax lot selection, to generally minimize taxable capital gain distributions. The index reconstitutes on a semi-annual basis in May and November. Since the objective of the fund is to track an index, buy and sell decisions do not take into consideration analysis of economic or market factors. The portfolio may become concentrated at times. However, the funds adviser may over- or underweight positions in the index if considered to be appropriate.

Grade (RS Rating)

Last Trade

$44.72

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDE	GXUS
30 Days	-2.98%	-2.48%
60 Days	-4.67%	-4.10%
90 Days	-5.64%	-3.75%
12 Months	11.38%	11.23%

14 Overlapping Holdings

Symbol	Grade	Weight in IQDE	Weight in GXUS	Overlap
AGCO	D	0.21%	0.02%	0.02%
BABA	D	0.3%	0.67%	0.3%
BCH	F	0.22%	0.02%	0.02%
BCS	C	0.49%	0.18%	0.18%
CNI	D	0.42%	0.23%	0.23%
HSBH	B	0.15%	0.61%	0.15%
NVS	D	1.25%	0.74%	0.74%
OTEX	D	0.16%	0.03%	0.03%
SKM	D	0.21%	0.01%	0.01%
SMFG	B	0.61%	0.33%	0.33%
STLA	F	0.27%	0.1%	0.1%
TD	F	0.05%	0.37%	0.05%
UL	D	0.11%	0.52%	0.11%
VALE	F	0.14%	0.14%	0.14%

IQDE Overweight 0 Positions Relative to GXUS

	Symbol	Grade	Weight

IQDE Underweight 79 Positions Relative to GXUS

Symbol	Grade	Weight
TM	D	-0.71%
MUFG	B	-0.49%
SHOP	B	-0.47%
SONY	B	-0.42%
HDB	C	-0.42%
ABBV	D	-0.33%
IBN	C	-0.29%
PDD	F	-0.27%
DEO	F	-0.25%
MFG	B	-0.21%
NXPI	D	-0.21%
NU	C	-0.18%
WCN	A	-0.17%
LYG	F	-0.16%
SE	B	-0.14%
HMC	F	-0.14%
TCOM	B	-0.13%
ARGX	A	-0.13%
E	F	-0.12%
GOLD	D	-0.11%
BIDU	F	-0.09%
KB	B	-0.09%
NMR	B	-0.07%
SHG	D	-0.07%
AER	B	-0.07%
CHKP	D	-0.06%
UMC	F	-0.06%
CCEP	C	-0.06%
ICLR	D	-0.06%
RBA	A	-0.06%
CYBR	B	-0.05%
LI	F	-0.05%
BEKE	D	-0.05%
XRX	F	-0.05%
CHT	D	-0.05%
WIT	A	-0.04%
ABEV	F	-0.04%
BGNE	D	-0.04%
WIX	B	-0.04%
BNTX	D	-0.04%
GRAB	B	-0.04%
HTHT	D	-0.03%
XPEV	C	-0.03%
TME	D	-0.03%
ASAI	F	-0.03%
MNDY	C	-0.03%
TAL	F	-0.02%
KEP	B	-0.02%
GGB	C	-0.02%
VIPS	F	-0.02%
WFG	D	-0.02%
MMYT	B	-0.02%
BILI	D	-0.02%
NIO	F	-0.02%
FUTU	D	-0.02%
XP	F	-0.02%
YMM	C	-0.02%
ERJ	B	-0.02%
SBLK	F	-0.01%
PAGS	F	-0.01%
LPL	F	-0.01%
ATAT	C	-0.01%
ATHM	D	-0.01%
KT	A	-0.01%
QFIN	B	-0.01%
CSAN	F	-0.01%
STNE	F	-0.01%
ZIM	C	-0.01%
GDS	C	-0.01%
TIGO	D	-0.01%
SBSW	D	-0.01%
FRO	F	-0.01%
BRFS	D	-0.01%
MBAVU	D	-0.01%
BZ	F	-0.01%
GLBE	B	-0.01%
WB	D	-0.0%
IQ	F	-0.0%
CLBT	B	-0.0%