IQDF vs. GSEU ETF Comparison

Comparison of FlexShares International Quality Dividend Index Fund (IQDF) to Goldman Sachs ActiveBeta Europe Equity ETF (GSEU)

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

$26.24

Average Daily Volume

37,216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSEU

Goldman Sachs ActiveBeta Europe Equity ETF

GSEU Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Europe Equity Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of developed markets issuers in Europe.

Grade (RS Rating)

Last Trade

$37.68

Average Daily Volume

20,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDF	GSEU
30 Days	4.45%	0.32%
60 Days	11.43%	7.35%
90 Days	4.70%	1.81%
12 Months	31.94%	24.15%

4 Overlapping Holdings

Symbol	Grade	Weight in IQDF	Weight in GSEU	Overlap
BCS	B	0.41%	0.39%	0.39%
NVS	D	1.94%	1.9%	1.9%
STLA	F	0.26%	0.24%	0.24%
UL	D	0.08%	0.87%	0.08%

IQDF Overweight 7 Positions Relative to GSEU

Symbol	Grade	Weight
MUFG	D	0.44%
SMFG	D	0.34%
BABA	A	0.32%
UMC	D	0.26%
AGCO	D	0.22%
VALE	D	0.22%
CNI	D	0.03%

IQDF Underweight 8 Positions Relative to GSEU

Symbol	Grade	Weight
ABBV	C	-0.55%
LOGI	D	-0.38%
E	C	-0.36%
DEO	C	-0.29%
LYG	C	-0.24%
QGEN	F	-0.21%
AER	C	-0.14%
CCEP	C	-0.13%