QDF vs. AIEQ ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to AI Powered Equity ETF (AIEQ)

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust 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. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$67.88

Average Daily Volume

34,856

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

AIEQ

AI Powered Equity ETF

AIEQ Description

The investment seeks capital appreciation. The fund is actively managed and invests primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model (the EquBot Model) developed by EquBot LLC (EquBot) that runs on the IBM Watson? platform. EquBot, the fund's sub-adviser, is a technology based company focused on applying artificial intelligence (AI) based solutions to investment analyses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.64

Average Daily Volume

8,654

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	QDF	AIEQ
30 Days	3.37%	6.16%
60 Days	5.47%	7.08%
90 Days	7.19%	8.81%
12 Months	18.50%	18.28%

10 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in AIEQ	Overlap
AAPL	B	9.68%	4.07%	4.07%
COST	C	0.21%	4.54%	0.21%
CRM	F	0.05%	2.3%	0.05%
EBAY	B	0.56%	0.21%	0.21%
GOOGL	C	2.12%	3.82%	2.12%
LYB	F	0.43%	0.16%	0.16%
NVDA	C	5.34%	5.98%	5.34%
PG	D	3.12%	4.14%	3.12%
RMD	D	0.15%	0.17%	0.15%
UNH	D	0.44%	1.54%	0.44%

QDF Overweight 118 Positions Relative to AIEQ

Symbol	Grade	Weight
MSFT	C	5.84%
JNJ	D	3.02%
META	C	2.86%
ABBV	B	2.85%
KO	B	2.53%
GOOG	C	1.86%
CSCO	D	1.84%
INTU	C	1.8%
ACN	D	1.74%
HD	C	1.53%
LRCX	C	1.42%
QCOM	C	1.32%
UNP	D	1.27%
PM	A	1.16%
KLAC	B	1.12%
AVGO	B	1.11%
LOW	C	1.07%
ADP	F	0.94%
NKE	F	0.89%
GILD	C	0.81%
MO	A	0.8%
ZTS	C	0.78%
MS	A	0.77%
XOM	D	0.75%
ITW	D	0.68%
JPM	B	0.67%
MPC	F	0.66%
CMCSA	F	0.65%
SBUX	F	0.6%
MMM	B	0.58%
SWKS	B	0.58%
BK	A	0.58%
PSA	B	0.57%
AFL	A	0.57%
PRU	A	0.56%
FIS	C	0.56%
PEG	B	0.56%
MCHP	D	0.55%
LMT	D	0.55%
AVB	C	0.54%
D	C	0.53%
EQR	C	0.53%
EA	B	0.52%
VRT	D	0.52%
NYT	B	0.52%
MAA	B	0.52%
PKG	C	0.51%
CPT	B	0.51%
FAST	D	0.5%
WTW	B	0.5%
PAYX	F	0.5%
JHG	B	0.49%
MET	C	0.49%
RDN	B	0.49%
WSM	C	0.47%
NUE	D	0.47%
BPOP	A	0.47%
ORI	C	0.47%
OMF	C	0.47%
CHRW	C	0.47%
UDR	B	0.47%
BXMT	C	0.46%
IVZ	C	0.46%
WMS	D	0.45%
OGE	B	0.45%
NSA	B	0.45%
WU	D	0.45%
CMA	A	0.45%
SMG	D	0.45%
HST	D	0.44%
UGI	D	0.44%
STWD	C	0.44%
SNA	D	0.43%
BTU	D	0.43%
ALLY	A	0.43%
TPR	C	0.43%
CVI	F	0.42%
FAF	D	0.4%
WMG	F	0.4%
WY	D	0.39%
POOL	F	0.39%
TGNA	C	0.38%
WDFC	D	0.38%
PFG	C	0.38%
LNC	B	0.37%
EVRG	C	0.37%
V	F	0.37%
CUBE	B	0.36%
APLE	D	0.34%
CTAS	B	0.34%
RHI	F	0.34%
AFG	D	0.33%
CFR	C	0.31%
EIX	C	0.31%
OLN	D	0.3%
HON	B	0.3%
IRDM	F	0.3%
MA	D	0.27%
SCCO	C	0.26%
DPZ	D	0.21%
CAT	D	0.2%
DDS	B	0.18%
HRB	C	0.17%
CL	B	0.17%
MRK	C	0.16%
BSY	F	0.15%
BRX	B	0.14%
PNW	B	0.14%
WING	D	0.12%
WMT	B	0.07%
CVX	D	0.07%
EXP	D	0.06%
VLO	D	0.05%
COP	D	0.05%
RPRX	D	0.05%
BAC	A	0.05%
MAR	C	0.04%
BBWI	F	0.01%

QDF Underweight 105 Positions Relative to AIEQ

Symbol	Grade	Weight
TSLA	C	-9.14%
AMD	C	-6.58%
EQIX	C	-3.76%
SNOW	F	-3.27%
PEP	D	-2.93%
LLY	B	-2.84%
CEG	C	-2.74%
DD	B	-2.16%
TEAM	D	-1.89%
ANF	C	-1.52%
AAL	F	-1.37%
TGT	C	-1.33%
AA	D	-1.31%
CELH	F	-1.13%
ALTR	B	-1.07%
JBHT	D	-0.83%
ARW	D	-0.82%
AEO	D	-0.81%
BERY	C	-0.78%
CTLT	B	-0.77%
ATI	D	-0.66%
AGCO	F	-0.65%
AYI	D	-0.64%
AAP	F	-0.61%
AFRM	F	-0.61%
AN	C	-0.58%
AZEK	D	-0.57%
ASO	F	-0.55%
ATKR	F	-0.54%
APG	C	-0.54%
AXTA	C	-0.52%
ALK	F	-0.52%
MRVL	C	-0.51%
ACLS	C	-0.49%
BECN	C	-0.49%
AIZ	D	-0.49%
CMG	D	-0.49%
BC	D	-0.48%
ARMK	C	-0.45%
ABG	C	-0.45%
AVAV	D	-0.45%
AIT	C	-0.42%
BCC	D	-0.41%
ETN	C	-0.4%
AMG	C	-0.4%
ALKS	F	-0.4%
ADC	B	-0.39%
MSTR	D	-0.37%
APLS	F	-0.37%
WDAY	F	-0.37%
X	C	-0.37%
ATR	D	-0.36%
AAON	C	-0.35%
AVT	C	-0.34%
CHX	D	-0.33%
AXS	B	-0.32%
AGNC	A	-0.32%
PYPL	D	-0.32%
AWI	C	-0.31%
ASGN	D	-0.31%
APPF	B	-0.31%
FSLR	D	-0.29%
EME	D	-0.28%
ALSN	B	-0.28%
A	D	-0.28%
DELL	C	-0.28%
HPQ	C	-0.27%
ASH	D	-0.27%
ACHC	F	-0.25%
DVN	D	-0.25%
AM	B	-0.25%
AL	C	-0.24%
NTAP	B	-0.23%
YUM	F	-0.23%
WMB	B	-0.23%
BJ	B	-0.21%
BCPC	B	-0.19%
APP	C	-0.19%
EQT	D	-0.19%
ETRN	D	-0.19%
BRKR	F	-0.17%
PHM	C	-0.16%
NET	C	-0.15%
RCL	B	-0.15%
MDB	F	-0.15%
ALB	F	-0.15%
RL	C	-0.14%
ZM	F	-0.14%
LSCC	F	-0.14%
EL	F	-0.14%
DKNG	F	-0.12%
VEEV	D	-0.12%
MOH	F	-0.12%
HOOD	C	-0.12%
LW	F	-0.11%
TOL	C	-0.1%
AXON	D	-0.1%
TWLO	F	-0.1%
GRMN	C	-0.1%
THC	B	-0.09%
FIX	D	-0.08%
NTRA	B	-0.07%
ESTC	C	-0.07%
CRL	D	-0.07%
WWD	D	-0.06%