IQDF vs. LCTD ETF Comparison

Comparison of FlexShares International Quality Dividend Index Fund (IQDF) to BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD)

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

LCTD

BlackRock World ex U.S. Carbon Transition Readiness ETF

LCTD Description

The investment seeks long-term capital appreciation by investing in large- and mid-capitalization World ex U.S. equity securities that may be better positioned to benefit from the transition to a low-carbon economy. The fund seeks to outperform the price and yield performance of the MSCI World ex USA Index. The Advisor selects portfolio securities that are components of the index. The index measures the performance of large- and mid-capitalization stocks across global developed market countries, excluding the U.S. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.00

Average Daily Volume

31,332

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDF	LCTD
30 Days	4.45%	2.37%
60 Days	11.43%	11.26%
90 Days	4.70%	4.84%
12 Months	31.94%	23.43%

6 Overlapping Holdings

Symbol	Grade	Weight in IQDF	Weight in LCTD	Overlap
BCS	B	0.41%	0.36%	0.36%
CNI	D	0.03%	0.04%	0.03%
MUFG	D	0.44%	0.6%	0.44%
NVS	D	1.94%	1.63%	1.63%
STLA	F	0.26%	0.03%	0.03%
UL	D	0.08%	0.08%	0.08%

IQDF Overweight 5 Positions Relative to LCTD

Symbol	Grade	Weight
SMFG	D	0.34%
BABA	A	0.32%
UMC	D	0.26%
AGCO	D	0.22%
VALE	D	0.22%

IQDF Underweight 13 Positions Relative to LCTD

Symbol	Grade	Weight
TD	B	-1.55%
DEO	C	-1.06%
HMC	D	-1.01%
TM	D	-0.77%
ABBV	C	-0.65%
CCEP	C	-0.43%
SONY	C	-0.4%
LYG	C	-0.33%
NMR	F	-0.33%
SHOP	B	-0.32%
CYBR	C	-0.26%
QGEN	F	-0.22%
SE	B	-0.07%