NULC vs. QLV ETF Comparison

Comparison of Nuveen ESG Large-Cap ETF (NULC) to FlexShares US Quality Low Volatility Index Fund (QLV)

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$48.43

Average Daily Volume

1,139

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will 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 the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	NULC	QLV
30 Days	2.83%	0.23%
60 Days	5.29%	1.42%
90 Days	7.13%	3.24%
12 Months	30.46%	25.29%

24 Overlapping Holdings

Symbol	Grade	Weight in NULC	Weight in QLV	Overlap
ADP	B	0.97%	0.92%	0.92%
AMGN	D	0.96%	0.73%	0.73%
AZO	C	0.03%	0.56%	0.03%
EA	A	0.36%	0.23%	0.23%
ED	D	0.65%	0.77%	0.65%
EQIX	A	0.42%	0.62%	0.42%
GILD	C	0.69%	1.11%	0.69%
GOOG	C	1.78%	0.62%	0.62%
GOOGL	C	2.91%	0.87%	0.87%
IBM	C	1.71%	1.77%	1.71%
LLY	F	2.08%	2.4%	2.08%
MCD	D	1.17%	1.97%	1.17%
MCK	B	1.49%	0.35%	0.35%
MMC	B	1.38%	0.05%	0.05%
MSFT	F	6.71%	7.86%	6.71%
NVDA	C	8.24%	5.54%	5.54%
PEP	F	0.74%	1.52%	0.74%
PG	A	1.47%	3.17%	1.47%
T	A	0.88%	1.46%	0.88%
TRV	B	0.49%	0.66%	0.49%
TXN	C	0.61%	0.86%	0.61%
V	A	2.21%	2.25%	2.21%
VZ	C	0.22%	1.58%	0.22%
WTW	B	0.05%	0.87%	0.05%

NULC Overweight 97 Positions Relative to QLV

Symbol	Grade	Weight
MA	C	2.09%
TSLA	B	1.95%
FI	A	1.75%
ETN	A	1.74%
DIS	B	1.66%
CRM	B	1.59%
PGR	A	1.58%
KO	D	1.57%
MS	A	1.57%
SPGI	C	1.51%
MELI	D	1.32%
DHR	F	1.31%
OKE	A	1.3%
PNC	B	1.28%
TJX	A	1.28%
ECL	D	1.2%
CARR	D	1.18%
HCA	F	1.16%
INTC	D	1.07%
UPS	C	1.06%
AMT	D	1.01%
LNG	B	0.98%
MRVL	B	0.96%
CMG	B	0.96%
AMAT	F	0.94%
C	A	0.94%
SNPS	B	0.91%
AXON	A	0.87%
BKR	B	0.86%
TGT	F	0.8%
EW	C	0.78%
LOW	D	0.78%
CMCSA	B	0.75%
EXC	C	0.75%
AMD	F	0.73%
HPQ	B	0.71%
VEEV	C	0.63%
CDNS	B	0.6%
KEYS	A	0.57%
ZTS	D	0.56%
MMM	D	0.56%
HPE	B	0.54%
TEAM	A	0.53%
NTAP	C	0.5%
ADM	D	0.5%
URI	B	0.47%
IRM	D	0.46%
WST	C	0.45%
EBAY	D	0.45%
BKNG	A	0.45%
ADBE	C	0.45%
KR	B	0.44%
AWK	D	0.44%
CBOE	B	0.43%
FTV	C	0.43%
LYB	F	0.41%
STLD	B	0.41%
WDC	D	0.41%
TFC	A	0.38%
STX	D	0.38%
TRU	D	0.37%
FSLR	F	0.36%
HOOD	B	0.36%
HOLX	D	0.35%
TRMB	B	0.34%
BALL	D	0.33%
DECK	A	0.32%
J	F	0.32%
VRTX	F	0.3%
MCO	B	0.3%
GS	A	0.23%
FDX	B	0.23%
JNPR	F	0.22%
HD	A	0.21%
SOLV	C	0.2%
EME	C	0.19%
NEM	D	0.19%
A	D	0.19%
PANW	C	0.18%
MOS	F	0.16%
MKTX	D	0.16%
LPLA	A	0.13%
CAH	B	0.13%
DINO	D	0.13%
ACGL	D	0.12%
NXPI	D	0.1%
CI	F	0.08%
USB	A	0.07%
IT	C	0.07%
AKAM	D	0.07%
WELL	A	0.07%
IDXX	F	0.05%
UNP	C	0.04%
DXCM	D	0.03%
FBIN	D	0.02%
BG	F	0.01%
DOV	A	0.01%

NULC Underweight 90 Positions Relative to QLV

Symbol	Grade	Weight
AAPL	C	-5.13%
AMZN	C	-2.5%
MRK	F	-2.29%
JNJ	D	-1.68%
META	D	-1.27%
XOM	B	-1.15%
TMUS	B	-1.14%
LMT	D	-1.07%
ABBV	D	-0.97%
ABT	B	-0.92%
CME	A	-0.91%
QLYS	C	-0.89%
ATR	B	-0.89%
DUK	C	-0.87%
PSA	D	-0.84%
AIZ	A	-0.84%
WEC	A	-0.83%
WDFC	B	-0.81%
TYL	B	-0.81%
K	A	-0.77%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
CB	C	-0.72%
CHKP	D	-0.72%
GIS	D	-0.72%
ZM	B	-0.7%
WM	A	-0.68%
SO	D	-0.68%
QGEN	D	-0.67%
DTM	B	-0.65%
DLR	B	-0.65%
AVY	D	-0.64%
CALM	A	-0.62%
ALL	A	-0.62%
XEL	A	-0.62%
GD	F	-0.61%
PKG	A	-0.61%
SMMT	D	-0.61%
NOC	D	-0.6%
BRK.A	B	-0.59%
CINF	A	-0.59%
RSG	A	-0.58%
WCN	A	-0.57%
CTVA	C	-0.57%
AEE	A	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.53%
JKHY	D	-0.53%
SCI	B	-0.53%
CTRA	B	-0.53%
WRB	A	-0.53%
ADC	B	-0.52%
AEP	D	-0.52%
PNW	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
HSY	F	-0.46%
TTEK	F	-0.46%
NBIX	C	-0.43%
HRL	D	-0.4%
AVGO	D	-0.4%
VRSK	A	-0.39%
BMRN	D	-0.37%
NFG	A	-0.37%
HII	D	-0.36%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
PM	B	-0.21%
JPM	A	-0.21%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
ROP	B	-0.14%
NCNO	B	-0.13%
CAG	D	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
UNH	C	-0.07%
EXPD	D	-0.03%