QDF vs. EVUS ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to iShares ESG Aware MSCI USA Value ETF (EVUS)

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

$71.22

Average Daily Volume

46,144

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

EVUS

iShares ESG Aware MSCI USA Value ETF

EVUS Description

EVUS tracks an index of large- and mid-cap US value stocks perceived to have positive ESG characteristics. The parent index, MSCI USA Value Index, identifies value stocks through book value-to-price ratio, 12-month forward earnings-to-price ratio, and dividend yield. Securities are then screened to exclude companies involved in controversial businesses and issues (e.g., weapons, tobacco, climate change issues). All selected securities are assigned an ESG score that evaluates a companys exposure to key ESG issues based on the companys business segment and geographic risk, as well as their strategies and programs to manage these risks and opportunities. Using a sector-specific weighting model, companies are rated and ranked against industry peers. The quantitative process leans toward higher-rated stocks while also considering market-cap and constraints based on the parent index. The fund may engage in securities lending. The index is reviewed and rebalanced quarterly.

Grade (RS Rating)

Last Trade

$29.79

Average Daily Volume

2,107

Number of Holdings ^*

234

* may have additional holdings in another (foreign) market

Performance

Period	QDF	EVUS
30 Days	2.42%	3.88%
60 Days	4.87%	6.21%
90 Days	6.57%	8.96%
12 Months	27.18%	24.19%

45 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in EVUS	Overlap
ABBV	C	3.1%	1.1%	1.1%
ACN	C	1.98%	0.57%	0.57%
ADP	B	1.06%	1.18%	1.06%
AFL	C	0.62%	0.23%	0.23%
AVGO	C	0.89%	3.03%	0.89%
BAC	D	0.02%	1.14%	0.02%
BK	B	0.62%	0.67%	0.62%
BR	D	0.29%	0.71%	0.29%
CAT	B	0.69%	0.7%	0.69%
CHRW	B	0.51%	0.38%	0.38%
COP	D	0.04%	0.77%	0.04%
D	C	0.61%	0.29%	0.29%
EA	D	0.53%	0.37%	0.37%
EIX	C	0.35%	0.29%	0.29%
FIS	B	0.61%	0.25%	0.25%
GILD	B	0.96%	0.93%	0.93%
HD	B	1.68%	1.99%	1.68%
IPG	C	0.52%	0.1%	0.1%
ITW	C	0.71%	0.11%	0.11%
JNJ	C	3.32%	1.58%	1.58%
JPM	D	0.65%	2.43%	0.65%
KO	C	2.57%	1.96%	1.96%
LOW	B	1.23%	0.75%	0.75%
MET	B	0.53%	0.5%	0.5%
MMM	B	0.69%	0.64%	0.64%
MRK	D	0.56%	0.64%	0.56%
MS	D	0.75%	0.82%	0.75%
NKE	D	0.9%	0.1%	0.1%
NTAP	D	0.22%	0.09%	0.09%
NUE	F	0.42%	0.25%	0.25%
NXPI	F	0.55%	0.56%	0.55%
PAYX	C	0.62%	0.12%	0.12%
PEG	B	0.59%	0.92%	0.59%
PFG	B	0.38%	0.12%	0.12%
PG	C	3.22%	1.58%	1.58%
PRU	C	0.58%	0.98%	0.58%
PSA	B	0.66%	0.11%	0.11%
QCOM	D	1.74%	0.66%	0.66%
RMD	C	0.19%	0.1%	0.1%
SBUX	C	0.74%	0.38%	0.38%
VLO	F	0.53%	0.23%	0.23%
WTW	C	0.54%	0.13%	0.13%
WY	C	0.45%	0.28%	0.28%
XOM	C	0.48%	1.48%	0.48%
ZTS	C	0.83%	0.48%	0.48%

QDF Overweight 80 Positions Relative to EVUS

Symbol	Grade	Weight
AAPL	C	8.27%
MSFT	C	5.21%
NVDA	D	4.94%
META	B	3.04%
GOOGL	D	1.69%
INTU	C	1.69%
GOOG	D	1.49%
PM	C	1.38%
UNP	C	1.37%
LRCX	F	0.95%
KLAC	D	0.92%
MO	C	0.84%
LMT	C	0.68%
EBAY	B	0.62%
AVB	B	0.6%
VRT	C	0.6%
MAA	B	0.59%
FAST	C	0.59%
EQR	B	0.58%
NSA	B	0.57%
VIRT	C	0.55%
MPC	F	0.55%
OHI	B	0.55%
CPT	B	0.54%
MCHP	F	0.54%
ORI	B	0.53%
KTB	B	0.52%
RDN	C	0.52%
STWD	B	0.52%
JHG	B	0.51%
NEP	D	0.5%
BPOP	C	0.5%
CMA	B	0.5%
OGE	C	0.5%
WU	F	0.5%
IVZ	B	0.49%
FAF	B	0.49%
UGI	C	0.49%
DVN	F	0.48%
SMG	C	0.48%
WSM	D	0.47%
SWKS	D	0.47%
SNA	C	0.45%
POOL	C	0.45%
OMF	D	0.45%
TPR	C	0.44%
WDFC	C	0.44%
EVRG	B	0.42%
HST	C	0.42%
CUBE	B	0.42%
WMS	D	0.41%
TT	B	0.4%
CTAS	B	0.38%
V	C	0.38%
SCCO	D	0.36%
ALLY	F	0.35%
LNC	D	0.34%
CFR	C	0.34%
RHI	D	0.33%
APLE	D	0.33%
IRDM	D	0.31%
OLN	D	0.27%
NNN	C	0.27%
MA	B	0.26%
WING	B	0.25%
COST	B	0.24%
HRB	C	0.18%
CL	D	0.17%
PNW	C	0.16%
DPZ	F	0.16%
BSY	D	0.14%
PAYC	D	0.13%
WMT	C	0.12%
EXP	B	0.08%
WFRD	F	0.07%
CSWI	B	0.06%
BKNG	C	0.06%
MAR	C	0.04%
STNG	D	0.02%
BBWI	F	0.01%

QDF Underweight 189 Positions Relative to EVUS

Symbol	Grade	Weight
UNH	C	-2.16%
TXN	C	-1.5%
IBM	B	-1.23%
BRK.A	C	-1.17%
ORCL	C	-1.16%
CVX	D	-1.14%
PEP	C	-0.98%
ELV	C	-0.94%
K	B	-0.92%
NEE	C	-0.92%
AMGN	B	-0.9%
CSCO	C	-0.9%
VZ	B	-0.87%
DHR	B	-0.86%
AXP	B	-0.84%
RTX	C	-0.81%
HON	D	-0.79%
DIS	D	-0.73%
AMT	C	-0.72%
GIS	B	-0.72%
GS	C	-0.71%
SPGI	B	-0.7%
CCI	C	-0.7%
ECL	B	-0.68%
CRH	B	-0.68%
CMI	C	-0.67%
CI	C	-0.67%
MCD	B	-0.66%
PFE	C	-0.66%
OKE	B	-0.64%
KMI	B	-0.63%
NI	B	-0.63%
EQIX	C	-0.59%
C	C	-0.59%
PNR	B	-0.57%
PNC	B	-0.55%
EXPD	C	-0.54%
LIN	B	-0.53%
COR	D	-0.5%
INTC	F	-0.48%
HIG	B	-0.48%
WELL	C	-0.45%
XYL	C	-0.45%
NOC	B	-0.44%
CLX	C	-0.44%
DE	B	-0.44%
TRV	C	-0.44%
TGT	C	-0.43%
LKQ	F	-0.43%
CARR	B	-0.42%
FERG	D	-0.42%
KR	C	-0.41%
CMS	C	-0.41%
DLR	B	-0.41%
MU	F	-0.4%
PGR	B	-0.4%
KMB	D	-0.39%
CMCSA	D	-0.38%
EXC	C	-0.37%
T	C	-0.37%
NEM	B	-0.36%
IRM	C	-0.36%
HCA	B	-0.36%
SYF	C	-0.36%
BMY	C	-0.36%
PPG	D	-0.36%
COO	B	-0.35%
KEYS	C	-0.35%
PLD	C	-0.35%
STE	C	-0.35%
NDAQ	A	-0.35%
OVV	F	-0.35%
BG	D	-0.35%
DFS	B	-0.35%
JCI	B	-0.34%
ANSS	D	-0.34%
PSX	F	-0.33%
REGN	C	-0.33%
FI	A	-0.32%
UPS	D	-0.32%
CBRE	A	-0.32%
BBY	C	-0.32%
TAP	D	-0.31%
CAH	C	-0.31%
SCHW	D	-0.31%
KHC	C	-0.31%
FLUT	B	-0.31%
HPE	D	-0.29%
ADI	C	-0.29%
DGX	B	-0.29%
BLK	B	-0.28%
SLB	F	-0.27%
FBIN	B	-0.27%
FTV	C	-0.27%
ED	C	-0.27%
CHD	D	-0.27%
ES	C	-0.26%
KDP	B	-0.26%
MMC	C	-0.26%
USB	B	-0.26%
TSCO	C	-0.25%
BKR	C	-0.25%
URI	B	-0.25%
ABT	C	-0.25%
ETN	C	-0.25%
FDX	C	-0.24%
CNC	D	-0.24%
HBAN	B	-0.24%
J	C	-0.23%
CNH	D	-0.23%
DAL	C	-0.22%
TFC	C	-0.22%
ZBH	F	-0.22%
WFC	D	-0.21%
LH	C	-0.21%
A	C	-0.21%
WTRG	D	-0.21%
DHI	B	-0.2%
TFX	C	-0.2%
PYPL	B	-0.2%
ACGL	C	-0.19%
AIZ	B	-0.18%
TJX	B	-0.18%
FDS	C	-0.18%
OC	D	-0.18%
MRO	C	-0.17%
HII	D	-0.17%
GEV	B	-0.16%
JBHT	D	-0.16%
IEX	D	-0.16%
ALLE	B	-0.16%
MKC	C	-0.16%
TRMB	C	-0.16%
STT	A	-0.16%
HOLX	B	-0.15%
CPB	C	-0.15%
HPQ	D	-0.15%
NTRS	A	-0.14%
AKAM	D	-0.14%
COF	B	-0.14%
TMO	B	-0.14%
IP	B	-0.14%
IFF	B	-0.14%
PHM	B	-0.14%
JNPR	B	-0.13%
ROK	D	-0.13%
CB	B	-0.13%
WMB	B	-0.13%
FSLR	C	-0.13%
BIIB	F	-0.13%
HUBB	B	-0.13%
HRL	C	-0.13%
AVTR	B	-0.12%
HUM	F	-0.12%
BALL	C	-0.12%
DOW	D	-0.12%
WDC	D	-0.12%
EQT	D	-0.12%
BXP	B	-0.12%
SOLV	C	-0.12%
ADM	D	-0.12%
IR	C	-0.12%
CAG	C	-0.11%
LDOS	B	-0.11%
ULTA	D	-0.11%
FOX	B	-0.11%
STZ	D	-0.11%
AVY	C	-0.11%
MKTX	C	-0.11%
ICE	C	-0.11%
FANG	D	-0.11%
CBOE	C	-0.11%
CVS	D	-0.1%
AZPN	B	-0.1%
MDLZ	B	-0.1%
DOV	B	-0.1%
APD	B	-0.1%
CCK	A	-0.1%
GEHC	C	-0.1%
GEN	B	-0.1%
TWLO	D	-0.1%
SYY	D	-0.1%
TTC	D	-0.09%
KMX	D	-0.09%
DD	B	-0.09%
LYB	D	-0.09%
STLD	F	-0.09%
DG	F	-0.07%
DLTR	F	-0.07%