LCTD vs. IQDF ETF Comparison

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

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

$46.12

Average Daily Volume

9,109

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.44

Average Daily Volume

57,815

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LCTD	IQDF
30 Days	2.45%	2.79%
60 Days	0.05%	3.52%
90 Days	4.10%	8.80%
12 Months	9.37%	20.24%

6 Overlapping Holdings

Symbol	Grade	Weight in LCTD	Weight in IQDF	Overlap
BCS	A	0.34%	0.88%	0.34%
CNI	D	0.03%	0.04%	0.03%
NVS	B	1.7%	1.89%	1.7%
SMFG	B	0.55%	0.66%	0.55%
STLA	F	0.05%	0.42%	0.05%
UL	A	0.2%	0.07%	0.07%

LCTD Overweight 14 Positions Relative to IQDF

Symbol	Grade	Weight
HMC	F	1.06%
DEO	F	1.06%
TM	F	0.98%
ABBV	B	0.85%
TD	D	0.84%
CCEP	C	0.43%
SONY	B	0.36%
NMR	C	0.36%
SHOP	D	0.33%
LYG	A	0.32%
CYBR	C	0.27%
QGEN	D	0.22%
FLUT	C	0.1%
SE	B	0.06%

LCTD Underweight 3 Positions Relative to IQDF

Symbol	Grade	Weight
MUFG	B	-0.52%
BABA	C	-0.31%
UMC	C	-0.26%