QDF vs. BTHM ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to BlackRock Future U.S. Themes ETF (BTHM)

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

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

BTHM

BlackRock Future U.S. Themes ETF

BTHM Description

BlackRock Future U.S. Themes ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by BlackRock Fund Advisors. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. BlackRock Future U.S. Themes ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.12

Average Daily Volume

1,481

Number of Holdings ^*

149

* may have additional holdings in another (foreign) market

Performance

Period	QDF	BTHM
30 Days	1.66%	7.97%
60 Days	2.62%	9.77%
90 Days	4.00%	4.47%
12 Months	26.92%	40.34%

28 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in BTHM	Overlap
AAPL	C	8.54%	4.98%	4.98%
ACN	C	1.93%	0.61%	0.61%
ADP	B	1.11%	0.27%	0.27%
AFL	B	0.62%	0.21%	0.21%
AVGO	D	0.88%	1.67%	0.88%
CAT	B	0.75%	0.59%	0.59%
CL	D	0.15%	1.51%	0.15%
COST	B	0.24%	2.72%	0.24%
CTAS	B	0.39%	0.07%	0.07%
EXP	A	0.08%	0.1%	0.08%
FAST	B	0.68%	0.23%	0.23%
GOOG	C	1.63%	1.12%	1.12%
GOOGL	C	1.84%	1.14%	1.14%
JHG	A	0.6%	0.04%	0.04%
KLAC	D	0.76%	0.06%	0.06%
LOW	D	1.27%	1.56%	1.27%
LRCX	F	0.87%	0.32%	0.32%
MAR	B	0.05%	0.24%	0.05%
META	D	3.1%	2.19%	2.19%
MSFT	F	4.91%	6.58%	4.91%
NTAP	C	0.22%	0.28%	0.22%
NVDA	C	5.81%	8.88%	5.81%
NXPI	D	0.52%	0.04%	0.04%
PG	A	3.03%	2.2%	2.2%
QCOM	F	1.68%	0.43%	0.43%
TT	A	0.43%	1.18%	0.43%
WMT	A	0.13%	1.84%	0.13%
WSM	B	0.43%	0.16%	0.16%

QDF Overweight 99 Positions Relative to BTHM

Symbol	Grade	Weight
JNJ	D	3.01%
ABBV	D	2.58%
KO	D	2.16%
HD	A	1.77%
INTU	C	1.74%
PM	B	1.41%
UNP	C	1.24%
GILD	C	1.0%
MS	A	0.98%
MO	A	0.89%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
BK	A	0.68%
MMM	D	0.65%
PAYX	C	0.63%
LMT	D	0.62%
FIS	C	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
PSA	D	0.6%
D	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
EA	A	0.58%
CMA	A	0.58%
GEN	B	0.58%
TPR	B	0.57%
MET	A	0.56%
SNA	A	0.56%
WTW	B	0.56%
ORI	A	0.55%
CHRW	C	0.55%
EQR	B	0.55%
MAA	B	0.55%
VLO	C	0.55%
MPC	D	0.54%
OMF	A	0.52%
OHI	C	0.52%
CPT	B	0.51%
IVZ	B	0.51%
OGE	B	0.51%
XOM	B	0.5%
SMG	D	0.5%
RDN	C	0.49%
STWD	C	0.49%
UGI	A	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
DVN	F	0.46%
MRK	F	0.45%
IPG	D	0.45%
MCHP	D	0.45%
WU	D	0.45%
POOL	C	0.44%
CFR	B	0.42%
NUE	C	0.42%
EVRG	A	0.42%
WY	D	0.42%
HST	C	0.41%
SWKS	F	0.4%
V	A	0.4%
LNC	B	0.39%
PFG	D	0.39%
RHI	B	0.38%
ALLY	C	0.37%
CUBE	D	0.37%
SCCO	F	0.36%
WMS	D	0.36%
APLE	B	0.35%
EIX	B	0.34%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
MA	C	0.26%
OLN	D	0.25%
NNN	D	0.23%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PNW	B	0.16%
PAYC	B	0.16%
COR	B	0.14%
BSY	D	0.13%
WFRD	D	0.07%
CSWI	A	0.07%
BKNG	A	0.07%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	D	0.01%

QDF Underweight 121 Positions Relative to BTHM

Symbol	Grade	Weight
AMZN	C	-3.58%
TJX	A	-3.01%
ROST	C	-2.57%
GE	D	-2.41%
BRK.A	B	-2.32%
PPC	C	-2.22%
APH	A	-2.14%
BSX	B	-1.93%
CHKP	D	-1.54%
CDNS	B	-1.4%
PSTG	D	-1.14%
EME	C	-1.06%
TXN	C	-0.99%
SSNC	B	-0.78%
TRGP	B	-0.77%
MLI	C	-0.69%
CVLT	B	-0.69%
SNPS	B	-0.68%
CSCO	B	-0.67%
LIN	D	-0.67%
WCN	A	-0.63%
ORCL	B	-0.63%
GDDY	A	-0.62%
DTM	B	-0.6%
DECK	A	-0.6%
FI	A	-0.6%
IR	B	-0.58%
VMC	B	-0.57%
RSG	A	-0.57%
MTZ	B	-0.57%
LII	A	-0.57%
ADI	D	-0.51%
DY	D	-0.51%
MSI	B	-0.51%
SYK	C	-0.51%
GGG	B	-0.49%
BMI	B	-0.49%
BAH	F	-0.48%
PTC	A	-0.46%
CPRT	A	-0.45%
FIX	A	-0.44%
CLH	B	-0.43%
LECO	B	-0.43%
ITT	A	-0.43%
NFLX	A	-0.41%
DDS	B	-0.41%
ATR	B	-0.37%
MMC	B	-0.37%
JBL	B	-0.37%
ANF	C	-0.37%
DKS	C	-0.37%
SFM	A	-0.36%
BOX	B	-0.35%
GWW	B	-0.34%
AMAT	F	-0.34%
PWR	A	-0.33%
HLT	A	-0.32%
LNW	D	-0.31%
FFIV	B	-0.3%
TMHC	B	-0.29%
GRMN	B	-0.27%
SNX	C	-0.27%
HWM	A	-0.27%
PHM	D	-0.27%
FLR	B	-0.26%
SPOT	B	-0.25%
HUBB	B	-0.24%
KR	B	-0.24%
AXS	A	-0.24%
MCK	B	-0.24%
NOC	D	-0.23%
MLM	B	-0.23%
AMD	F	-0.22%
AXON	A	-0.22%
HESM	B	-0.21%
CRUS	D	-0.21%
UFPI	B	-0.2%
CRS	A	-0.2%
SM	B	-0.19%
VRSK	A	-0.18%
OC	A	-0.18%
ORLY	B	-0.18%
MUSA	A	-0.17%
EHC	B	-0.17%
ACM	A	-0.16%
CACI	D	-0.16%
AZO	C	-0.15%
VLTO	D	-0.14%
SEIC	B	-0.13%
LKQ	D	-0.13%
BKR	B	-0.13%
NRG	B	-0.12%
AMG	B	-0.12%
ESNT	D	-0.12%
VOYA	B	-0.12%
TENB	C	-0.12%
ECL	D	-0.11%
PAG	B	-0.11%
AIT	A	-0.11%
TDW	F	-0.1%
GAP	C	-0.09%
ALSN	B	-0.09%
OTIS	C	-0.08%
WM	A	-0.08%
CHD	B	-0.06%
ZETA	D	-0.05%
FANG	D	-0.05%
GWRE	A	-0.04%
SKX	D	-0.04%
BRO	B	-0.04%
AWI	A	-0.04%
SSD	D	-0.03%
GPC	D	-0.03%
LPX	B	-0.03%
OLED	D	-0.03%
RS	B	-0.02%
ADBE	C	-0.02%
CAH	B	-0.02%
MTSI	B	-0.02%
KLG	C	-0.01%
CDW	F	-0.01%