IYR vs. GQRE ETF Comparison

Comparison of iShares U.S. Real Estate ETF (IYR) to FlexShares Global Quality Real Estate Index Fund (GQRE)

IYR

iShares U.S. Real Estate ETF

IYR Description

The investment seeks to track the investment results of an index composed of U.S. equities in the real estate sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Real Estate Index (the "underlying index"), which measures the performance of the real estate sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include real estate investment trusts ("REITs").

Grade (RS Rating)

Last Trade

$99.36

Average Daily Volume

5,504,688

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally invest 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$61.43

Average Daily Volume

19,349

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IYR	GQRE
30 Days	0.24%	1.76%
60 Days	7.70%	10.23%
90 Days	14.38%	12.92%
12 Months	33.04%	31.08%

31 Overlapping Holdings

Symbol	Grade	Weight in IYR	Weight in GQRE	Overlap
ADC	C	0.54%	0.97%	0.54%
AMH	D	0.86%	1.63%	0.86%
AMT	D	7.73%	2.69%	2.69%
AVB	C	2.27%	4.15%	2.27%
CCI	D	3.73%	0.2%	0.2%
CPT	C	0.94%	1.7%	0.94%
CUBE	C	0.86%	1.55%	0.86%
CUZ	C	0.32%	0.58%	0.32%
DLR	C	3.56%	5.01%	3.56%
EQIX	C	5.98%	1.65%	1.65%
EQR	C	1.82%	3.26%	1.82%
ESS	D	1.35%	2.45%	1.35%
FR	D	0.53%	0.97%	0.53%
HST	D	0.89%	1.66%	0.89%
IRM	B	2.5%	0.68%	0.68%
KIM	C	1.12%	2.01%	1.12%
KRC	C	0.29%	0.57%	0.29%
LAMR	C	0.83%	1.51%	0.83%
NNN	C	0.64%	1.15%	0.64%
O	C	3.95%	0.44%	0.44%
PLD	D	8.23%	3.14%	3.14%
PSA	C	4.09%	0.67%	0.67%
REG	C	0.85%	1.48%	0.85%
SBRA	C	0.31%	0.56%	0.31%
SPG	A	3.75%	5.29%	3.75%
STAG	D	0.51%	0.93%	0.51%
UDR	C	0.97%	1.82%	0.97%
VICI	C	2.47%	2.5%	2.47%
VNO	B	0.47%	0.82%	0.47%
WELL	C	4.47%	1.29%	1.29%
WY	C	1.77%	0.45%	0.45%

IYR Overweight 33 Positions Relative to GQRE

Symbol	Grade	Weight
EXR	D	2.72%
CBRE	C	2.69%
CSGP	F	2.21%
VTR	C	1.9%
SBAC	C	1.88%
INVH	D	1.42%
MAA	D	1.33%
ARE	D	1.31%
DOC	C	1.15%
SUI	D	1.13%
GLPI	C	1.01%
WPC	C	0.97%
ELS	D	0.94%
JLL	C	0.91%
BXP	B	0.83%
REXR	D	0.78%
OHI	C	0.75%
NLY	C	0.71%
Z	C	0.7%
EGP	D	0.64%
BRX	C	0.61%
FRT	D	0.61%
AGNC	B	0.58%
COLD	D	0.52%
HR	D	0.47%
STWD	C	0.46%
RITM	D	0.41%
LINE	F	0.33%
RYN	C	0.31%
ZG	C	0.25%
PCH	C	0.23%
HHH	C	0.17%
SEG	F	0.01%

IYR Underweight 32 Positions Relative to GQRE

Symbol	Grade	Weight
EPRT	C	-0.77%
KRG	C	-0.75%
IRT	D	-0.59%
SLG	C	-0.58%
IIPR	C	-0.5%
HASI	B	-0.5%
NHI	C	-0.47%
EPR	C	-0.47%
HIW	C	-0.46%
BNL	C	-0.46%
SKT	A	-0.46%
APLE	B	-0.44%
NSA	D	-0.43%
PK	D	-0.41%
UE	C	-0.33%
AKR	B	-0.32%
DBRG	D	-0.31%
EQC	D	-0.28%
SHO	B	-0.28%
XHR	A	-0.27%
IVT	B	-0.27%
JOE	D	-0.27%
LTC	D	-0.26%
PDM	C	-0.26%
ESRT	C	-0.26%
DRH	B	-0.25%
ALEX	D	-0.25%
AAT	C	-0.24%
NXRT	D	-0.23%
RLJ	D	-0.23%
CSR	D	-0.22%
HPP	F	-0.18%