QDF vs. FLRG ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Fidelity U.S. Multifactor ETF (FLRG)

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

$71.33

Average Daily Volume

45,847

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

FLRG

Fidelity U.S. Multifactor ETF

FLRG Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Multifactor Index?. The fund normally invests at least 80% of its assets in securities included in the Fidelity U.S. Multifactor Index?. The Fidelity U.S. Multifactor Index? is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$34.03

Average Daily Volume

44,216

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	QDF	FLRG
30 Days	3.71%	4.38%
60 Days	9.65%	10.76%
90 Days	6.61%	6.73%
12 Months	31.89%	34.29%

33 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in FLRG	Overlap
AAPL	C	8.57%	6.58%	6.58%
ABBV	C	3.08%	1.36%	1.36%
ACN	B	1.97%	0.6%	0.6%
ADP	A	1.07%	1.05%	1.05%
AFL	A	0.64%	1.09%	0.64%
AVGO	B	0.91%	1.51%	0.91%
BKNG	B	0.06%	0.93%	0.06%
CL	D	0.17%	0.93%	0.17%
EA	D	0.51%	0.3%	0.3%
GILD	A	0.96%	0.8%	0.8%
GOOGL	B	1.76%	3.83%	1.76%
HD	A	1.79%	1.44%	1.44%
INTU	F	1.57%	0.57%	0.57%
JNJ	D	3.17%	1.43%	1.43%
KLAC	B	0.96%	0.45%	0.45%
LMT	A	0.71%	1.24%	0.71%
LRCX	D	1.01%	0.4%	0.4%
MA	A	0.25%	1.51%	0.25%
META	A	3.23%	2.39%	2.39%
MO	D	0.81%	0.96%	0.81%
MSFT	D	4.98%	6.2%	4.98%
NUE	D	0.43%	0.64%	0.43%
NVDA	B	4.97%	5.59%	4.97%
OHI	C	0.53%	0.97%	0.53%
PAYX	B	0.63%	0.9%	0.63%
PG	D	3.08%	1.47%	1.47%
PM	D	1.29%	1.17%	1.17%
PSA	C	0.64%	0.9%	0.64%
RDN	D	0.5%	0.91%	0.5%
SNA	C	0.46%	0.78%	0.46%
SWKS	F	0.47%	0.26%	0.26%
V	B	0.36%	1.56%	0.36%
VLO	F	0.53%	0.95%	0.53%

QDF Overweight 94 Positions Relative to FLRG

Symbol	Grade	Weight
KO	C	2.51%
QCOM	D	1.73%
GOOG	B	1.55%
UNP	F	1.3%
LOW	C	1.29%
NKE	D	0.93%
ZTS	C	0.81%
CAT	A	0.78%
MS	A	0.78%
SBUX	B	0.73%
ITW	C	0.72%
VRT	B	0.7%
MMM	C	0.69%
JPM	C	0.64%
PEG	A	0.63%
EBAY	A	0.62%
BK	A	0.62%
D	A	0.6%
FIS	A	0.59%
SMG	C	0.59%
FAST	C	0.59%
PRU	B	0.58%
AVB	C	0.57%
NXPI	F	0.56%
MPC	D	0.56%
MCHP	F	0.55%
MAA	D	0.55%
EQR	C	0.55%
MET	A	0.55%
NSA	D	0.54%
GEN	A	0.54%
CHRW	C	0.54%
IVZ	A	0.53%
WTW	C	0.53%
KTB	C	0.53%
ORI	A	0.52%
VIRT	B	0.52%
CPT	C	0.52%
MRK	F	0.52%
XOM	A	0.51%
NEP	D	0.51%
IPG	D	0.51%
JHG	A	0.51%
OGE	C	0.5%
CMA	C	0.5%
WU	D	0.5%
STWD	C	0.5%
WSM	C	0.49%
UGI	C	0.49%
FAF	C	0.48%
DVN	F	0.48%
BPOP	D	0.47%
POOL	D	0.46%
WY	C	0.46%
TPR	B	0.46%
WDFC	B	0.44%
OMF	D	0.43%
WMS	D	0.43%
HST	D	0.42%
SCCO	B	0.42%
EVRG	C	0.41%
TT	A	0.41%
CUBE	C	0.4%
PFG	A	0.39%
CTAS	C	0.38%
ALLY	F	0.36%
RHI	D	0.35%
IRDM	C	0.35%
LNC	B	0.35%
EIX	C	0.35%
APLE	B	0.34%
CFR	B	0.33%
OLN	D	0.29%
BR	B	0.29%
NNN	C	0.27%
WING	C	0.26%
NTAP	D	0.23%
COST	C	0.23%
HRB	C	0.18%
DPZ	D	0.17%
RMD	C	0.17%
PNW	C	0.16%
BSY	D	0.14%
PAYC	D	0.12%
WMT	A	0.12%
COR	F	0.12%
EXP	C	0.08%
WFRD	F	0.07%
CSWI	A	0.06%
MAR	A	0.04%
COP	D	0.04%
BAC	B	0.02%
STNG	B	0.02%
BBWI	F	0.01%

QDF Underweight 67 Positions Relative to FLRG

Symbol	Grade	Weight
LLY	D	-2.02%
VST	A	-1.63%
NFG	A	-1.19%
MCD	A	-1.09%
ALSN	A	-1.08%
MLI	B	-1.07%
FCNCA	D	-1.04%
AMGN	D	-1.0%
UTHR	C	-0.98%
ACGL	A	-0.98%
AZO	D	-0.96%
VRTX	D	-0.96%
MTH	C	-0.95%
ORLY	A	-0.95%
MCK	F	-0.95%
PHM	C	-0.95%
RGA	B	-0.94%
LEN	C	-0.94%
LNG	A	-0.94%
TMHC	C	-0.93%
NVR	C	-0.93%
MTG	A	-0.93%
REGN	D	-0.93%
SYF	A	-0.92%
VRSK	D	-0.92%
CME	A	-0.88%
CBOE	B	-0.84%
ESNT	A	-0.84%
KMB	D	-0.82%
CHRD	F	-0.82%
PCAR	D	-0.82%
VICI	C	-0.81%
CTRA	D	-0.81%
EG	A	-0.76%
STLD	C	-0.75%
BCC	C	-0.74%
CNC	F	-0.73%
CF	A	-0.7%
BLDR	C	-0.7%
MOH	F	-0.66%
ADBE	F	-0.66%
RPRX	D	-0.64%
BRBR	A	-0.58%
CSCO	A	-0.58%
IBM	A	-0.57%
AMAT	C	-0.55%
NOW	B	-0.55%
VZ	C	-0.54%
T	B	-0.5%
CMCSA	B	-0.49%
ANET	A	-0.43%
FICO	C	-0.37%
SNPS	F	-0.36%
CDNS	D	-0.33%
DELL	C	-0.32%
CTSH	B	-0.29%
FOXA	B	-0.27%
FTNT	A	-0.26%
VRSN	C	-0.25%
MANH	A	-0.25%
NYT	C	-0.24%
DOX	B	-0.23%
ZM	B	-0.23%
DLB	D	-0.21%
AKAM	D	-0.2%
DBX	C	-0.17%
QLYS	F	-0.17%