IQDF vs. IQDE ETF Comparison

Comparison of FlexShares International Quality Dividend Index Fund (IQDF) to FlexShares International Quality Dividend Defensive Index Fund (IQDE)

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

$24.50

Average Daily Volume

40,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	IQDF	IQDE
30 Days	-3.56%	-2.98%
60 Days	-4.31%	-4.67%
90 Days	-4.47%	-5.64%
12 Months	15.13%	11.38%

10 Overlapping Holdings

Symbol	Grade	Weight in IQDF	Weight in IQDE	Overlap
AGCO	D	0.21%	0.21%	0.21%
BABA	D	0.3%	0.3%	0.3%
BCS	C	0.48%	0.49%	0.48%
CNI	D	0.03%	0.42%	0.03%
HSBH	B	0.54%	0.15%	0.15%
NVS	D	1.89%	1.25%	1.25%
SMFG	B	0.4%	0.61%	0.4%
STLA	F	0.27%	0.27%	0.27%
UL	D	0.08%	0.11%	0.08%
VALE	F	0.2%	0.14%	0.14%

IQDF Overweight 2 Positions Relative to IQDE

	Symbol	Grade	Weight
	MUFG	B	0.54%
	UMC	F	0.23%

IQDF Underweight 4 Positions Relative to IQDE

Symbol	Grade	Weight
BCH	F	-0.22%
SKM	D	-0.21%
OTEX	D	-0.16%
TD	F	-0.05%