QDF vs. FCFY ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)

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

FCFY

First Trust S&P 500 Diversified Free Cash Flow ETF

FCFY Description

Under normal conditions, the fund will invest at least 80% of its net assets in the securities that comprise the index. The index measures the performance of companies within the S&P 500® Index that have the highest relative FCF Yield within each GICS® sector represented in the S&P 500® Index. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.29

Average Daily Volume

283

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	QDF	FCFY
30 Days	1.66%	4.64%
60 Days	2.62%	4.14%
90 Days	4.00%	5.21%
12 Months	26.92%	26.14%

23 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in FCFY	Overlap
CAT	B	0.75%	0.47%	0.47%
COR	B	0.14%	1.24%	0.14%
DVN	F	0.46%	0.6%	0.46%
FIS	C	0.62%	1.02%	0.62%
GEN	B	0.58%	3.05%	0.58%
GILD	C	1.0%	0.76%	0.76%
HST	C	0.41%	0.35%	0.35%
IPG	D	0.45%	1.56%	0.45%
IVZ	B	0.51%	0.75%	0.51%
JNJ	D	3.01%	0.65%	0.65%
LMT	D	0.62%	0.43%	0.43%
MET	A	0.56%	0.91%	0.56%
MMM	D	0.65%	0.58%	0.58%
MO	A	0.89%	0.97%	0.89%
MPC	D	0.54%	0.69%	0.54%
NTAP	C	0.22%	1.81%	0.22%
NUE	C	0.42%	0.58%	0.42%
PRU	A	0.61%	0.83%	0.61%
QCOM	F	1.68%	2.17%	1.68%
SNA	A	0.56%	1.01%	0.56%
SWKS	F	0.4%	2.9%	0.4%
TPR	B	0.57%	1.64%	0.57%
VLO	C	0.55%	0.91%	0.55%

QDF Overweight 104 Positions Relative to FCFY

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
MSFT	F	4.91%
META	D	3.1%
PG	A	3.03%
ABBV	D	2.58%
KO	D	2.16%
ACN	C	1.93%
GOOGL	C	1.84%
HD	A	1.77%
INTU	C	1.74%
GOOG	C	1.63%
PM	B	1.41%
LOW	D	1.27%
UNP	C	1.24%
ADP	B	1.11%
MS	A	0.98%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
KLAC	D	0.76%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
FAST	B	0.68%
BK	A	0.68%
PAYX	C	0.63%
AFL	B	0.62%
PEG	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
JHG	A	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%
WTW	B	0.56%
ORI	A	0.55%
CHRW	C	0.55%
EQR	B	0.55%
MAA	B	0.55%
NXPI	D	0.52%
OMF	A	0.52%
OHI	C	0.52%
CPT	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%
MRK	F	0.45%
MCHP	D	0.45%
WU	D	0.45%
POOL	C	0.44%
WSM	B	0.43%
TT	A	0.43%
CFR	B	0.42%
EVRG	A	0.42%
WY	D	0.42%
V	A	0.4%
CTAS	B	0.39%
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%
COST	B	0.24%
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%
CL	D	0.15%
WMT	A	0.13%
BSY	D	0.13%
EXP	A	0.08%
WFRD	D	0.07%
CSWI	A	0.07%
BKNG	A	0.07%
MAR	B	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	D	0.01%

QDF Underweight 78 Positions Relative to FCFY

Symbol	Grade	Weight
WBD	C	-3.92%
HPQ	B	-2.91%
HPE	B	-2.73%
SYF	B	-2.36%
EPAM	C	-2.35%
JBL	B	-2.29%
FFIV	B	-2.1%
T	A	-1.89%
EXPE	B	-1.77%
CAH	B	-1.67%
CSCO	B	-1.66%
MTCH	D	-1.65%
COF	B	-1.62%
QRVO	F	-1.55%
NRG	B	-1.5%
IBM	C	-1.48%
AKAM	D	-1.34%
LEN	D	-1.29%
BMY	B	-1.19%
DFS	B	-1.15%
SOLV	C	-1.07%
RL	B	-1.04%
NTRS	A	-0.97%
VTRS	A	-0.95%
TAP	C	-0.94%
ADM	D	-0.88%
WFC	A	-0.86%
ABNB	C	-0.84%
CI	F	-0.81%
MCK	B	-0.8%
EG	C	-0.79%
BWA	D	-0.77%
TFC	A	-0.73%
HOLX	D	-0.72%
BBY	D	-0.72%
CFG	B	-0.72%
HAS	D	-0.71%
TGT	F	-0.67%
BG	F	-0.67%
MHK	D	-0.65%
DVA	B	-0.64%
CNC	D	-0.64%
CAG	D	-0.62%
MRO	B	-0.6%
PCAR	B	-0.59%
BLDR	D	-0.59%
HBAN	A	-0.58%
APTV	D	-0.57%
KMB	D	-0.54%
LDOS	C	-0.53%
GNRC	B	-0.53%
BEN	C	-0.53%
J	F	-0.52%
BIIB	F	-0.51%
AME	A	-0.5%
VST	B	-0.49%
MAS	D	-0.49%
WAB	B	-0.49%
HAL	C	-0.48%
GIS	D	-0.48%
FTV	C	-0.45%
EXPD	D	-0.44%
TXT	D	-0.43%
ACGL	D	-0.43%
SPG	B	-0.4%
SW	A	-0.39%
SWK	D	-0.39%
NEE	D	-0.38%
LYB	F	-0.38%
BXP	D	-0.36%
ARE	D	-0.34%
VICI	C	-0.32%
STLD	B	-0.3%
WEC	A	-0.28%
PPG	F	-0.26%
O	D	-0.25%
DOC	D	-0.24%
CE	F	-0.16%