PAPI vs. QLV ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to FlexShares US Quality Low Volatility Index Fund (QLV)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* 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	PAPI	QLV
30 Days	3.08%	0.23%
60 Days	3.73%	1.42%
90 Days	4.88%	3.24%
12 Months	19.25%	25.29%

50 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in QLV	Overlap
ABBV	D	0.46%	0.96%	0.46%
ABT	B	0.52%	0.93%	0.52%
ADI	D	0.48%	0.15%	0.15%
ADP	B	0.54%	0.92%	0.54%
AEE	A	0.54%	0.58%	0.54%
AEP	D	0.5%	0.54%	0.5%
ATR	B	0.52%	0.86%	0.52%
BMI	B	0.52%	0.27%	0.27%
CAG	D	0.48%	0.13%	0.13%
CALM	A	0.51%	0.65%	0.51%
CHE	D	0.49%	0.73%	0.49%
CINF	A	0.58%	0.6%	0.58%
CME	A	0.52%	0.94%	0.52%
COR	B	0.54%	0.2%	0.2%
CTRA	B	0.57%	0.57%	0.57%
CTVA	C	0.5%	0.59%	0.5%
DOX	D	0.49%	0.74%	0.49%
DTM	B	0.62%	0.67%	0.62%
DUK	C	0.5%	0.9%	0.5%
EA	A	0.59%	0.23%	0.23%
ED	D	0.48%	0.79%	0.48%
EXPD	D	0.52%	0.03%	0.03%
FLO	D	0.49%	0.47%	0.47%
GD	F	0.5%	0.58%	0.5%
GILD	C	0.53%	1.07%	0.53%
HII	D	0.39%	0.36%	0.36%
HRL	D	0.49%	0.4%	0.4%
IBM	C	0.46%	1.82%	0.46%
JKHY	D	0.49%	0.53%	0.49%
JNJ	D	0.5%	1.71%	0.5%
LIN	D	0.49%	0.19%	0.19%
MRK	F	0.46%	2.28%	0.46%
MSFT	F	0.53%	7.68%	0.53%
NFG	A	0.52%	0.38%	0.38%
PEP	F	0.48%	1.47%	0.48%
PG	A	0.52%	3.25%	0.52%
PKG	A	0.56%	0.63%	0.56%
PM	B	0.56%	0.21%	0.21%
RGLD	C	0.5%	0.83%	0.5%
ROP	B	0.52%	0.13%	0.13%
SO	D	0.5%	0.69%	0.5%
SON	D	0.49%	0.48%	0.48%
T	A	0.55%	1.51%	0.55%
TRV	B	0.57%	0.67%	0.57%
TXN	C	0.53%	0.84%	0.53%
UNH	C	0.55%	0.07%	0.07%
VZ	C	0.5%	1.64%	0.5%
WEC	A	0.52%	0.86%	0.52%
XEL	A	0.57%	0.64%	0.57%
XOM	B	0.52%	1.15%	0.52%

PAPI Overweight 139 Positions Relative to QLV

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
IP	B	0.63%
BKR	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
PB	A	0.59%
MO	A	0.59%
IDA	A	0.59%
KMI	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
SRE	A	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	C	0.57%
LH	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
CVX	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
CAH	B	0.56%
EOG	A	0.56%
RS	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
PPL	B	0.55%
DCI	B	0.55%
INGR	B	0.55%
GGG	B	0.55%
EVRG	A	0.55%
OGE	B	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
CMCSA	B	0.54%
OGS	A	0.54%
ORI	A	0.54%
WMT	A	0.54%
CSCO	B	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
TJX	A	0.54%
MTN	C	0.54%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
PRU	A	0.53%
PAYX	C	0.53%
ATO	A	0.53%
MSM	C	0.53%
COLM	B	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	B	0.52%
LNT	A	0.52%
PEG	A	0.52%
UPS	C	0.52%
HPQ	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
POR	C	0.51%
AVT	C	0.51%
DD	D	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	D	0.51%
OXM	D	0.51%
MDT	D	0.51%
BDX	F	0.5%
RTX	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
FE	C	0.5%
ACN	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
BG	F	0.5%
D	C	0.5%
MTG	C	0.5%
AFL	B	0.5%
OMC	C	0.49%
KMB	D	0.49%
BBY	D	0.49%
PPG	F	0.49%
EMN	D	0.49%
QCOM	F	0.49%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
AMCR	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
IPG	D	0.45%
SWKS	F	0.45%
GPC	D	0.45%
KO	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
PFE	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 64 Positions Relative to QLV

Symbol	Grade	Weight
NVDA	C	-5.54%
AAPL	C	-5.17%
AMZN	C	-2.41%
LLY	F	-2.31%
V	A	-2.26%
MCD	D	-1.93%
META	D	-1.25%
TMUS	B	-1.13%
LMT	D	-1.06%
QLYS	C	-0.88%
GOOGL	C	-0.88%
AIZ	A	-0.86%
WTW	B	-0.85%
PSA	D	-0.84%
TYL	B	-0.8%
WDFC	B	-0.8%
K	A	-0.77%
GIS	D	-0.72%
CHKP	D	-0.72%
AMGN	D	-0.71%
LSTR	D	-0.71%
CB	C	-0.71%
DLR	B	-0.68%
QGEN	D	-0.67%
WM	A	-0.67%
ZM	B	-0.67%
EQIX	A	-0.64%
ALL	A	-0.63%
AVY	D	-0.63%
GOOG	C	-0.62%
SMMT	D	-0.59%
RSG	A	-0.59%
NOC	D	-0.59%
BRK.A	B	-0.59%
WCN	A	-0.58%
WRB	A	-0.55%
AZO	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
CHRW	C	-0.49%
TSCO	D	-0.49%
BAH	F	-0.47%
TTEK	F	-0.46%
REGN	F	-0.45%
HSY	F	-0.45%
NBIX	C	-0.43%
VRSK	A	-0.39%
AVGO	D	-0.38%
BMRN	D	-0.35%
MCK	B	-0.35%
SLGN	A	-0.34%
DDS	B	-0.29%
CRUS	D	-0.26%
JPM	A	-0.21%
ALKS	B	-0.19%
NCNO	B	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
MMC	B	-0.05%