QDF vs. JOET ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

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

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.40

Average Daily Volume

29,173

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	QDF	JOET
30 Days	1.66%	7.96%
60 Days	2.62%	9.99%
90 Days	4.00%	13.18%
12 Months	26.92%	38.99%

22 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in JOET	Overlap
ACN	C	1.93%	0.76%	0.76%
AFL	B	0.62%	0.76%	0.62%
AVGO	D	0.88%	0.75%	0.75%
BK	A	0.68%	0.77%	0.68%
BR	A	0.3%	0.81%	0.3%
CAT	B	0.75%	0.75%	0.75%
COST	B	0.24%	0.79%	0.24%
CTAS	B	0.39%	0.79%	0.39%
FAST	B	0.68%	0.81%	0.68%
JPM	A	0.75%	0.81%	0.75%
KLAC	D	0.76%	0.73%	0.73%
MA	C	0.26%	0.78%	0.26%
META	D	3.1%	0.76%	0.76%
MSFT	F	4.91%	0.76%	0.76%
NVDA	C	5.81%	0.79%	0.79%
PFG	D	0.39%	0.78%	0.39%
PSA	D	0.6%	0.75%	0.6%
QCOM	F	1.68%	0.72%	0.72%
RMD	C	0.17%	0.71%	0.17%
TT	A	0.43%	0.79%	0.43%
VRT	B	0.83%	0.81%	0.81%
WMT	A	0.13%	0.78%	0.13%

QDF Overweight 105 Positions Relative to JOET

Symbol	Grade	Weight
AAPL	C	8.54%
PG	A	3.03%
JNJ	D	3.01%
ABBV	D	2.58%
KO	D	2.16%
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%
GILD	C	1.0%
MS	A	0.98%
MO	A	0.89%
LRCX	F	0.87%
NKE	D	0.83%
SBUX	A	0.76%
ZTS	D	0.74%
ITW	B	0.74%
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%
JHG	A	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%
NXPI	D	0.52%
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%
WSM	B	0.43%
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%
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%
OLN	D	0.25%
NNN	D	0.23%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
DPZ	C	0.17%
PNW	B	0.16%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
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 102 Positions Relative to JOET

Symbol	Grade	Weight
APP	B	-1.3%
AXON	A	-1.03%
PLTR	B	-1.0%
COIN	C	-0.98%
GRMN	B	-0.97%
SPOT	B	-0.94%
UAL	A	-0.91%
FTNT	C	-0.89%
DAL	C	-0.89%
IBKR	A	-0.89%
DOCU	A	-0.88%
SYF	B	-0.87%
CRWD	B	-0.87%
RCL	A	-0.87%
CRM	B	-0.86%
APO	B	-0.86%
DFS	B	-0.86%
HEI	B	-0.85%
NFLX	A	-0.85%
FCNCA	A	-0.85%
PH	A	-0.85%
PODD	C	-0.85%
SQ	B	-0.85%
AMZN	C	-0.85%
NOW	A	-0.84%
HWM	A	-0.84%
HBAN	A	-0.84%
CMI	A	-0.83%
PANW	C	-0.83%
CFG	B	-0.83%
RF	A	-0.83%
GM	B	-0.83%
AMP	A	-0.83%
VMC	B	-0.83%
PCAR	B	-0.82%
SYK	C	-0.82%
MTB	A	-0.82%
RJF	A	-0.82%
ORCL	B	-0.82%
ROL	B	-0.81%
IR	B	-0.81%
AXP	A	-0.81%
GWW	B	-0.81%
ADSK	A	-0.81%
FITB	A	-0.81%
ETN	A	-0.8%
SPGI	C	-0.8%
DOV	A	-0.8%
ISRG	A	-0.8%
PGR	A	-0.8%
APH	A	-0.8%
TTD	B	-0.8%
BRO	B	-0.8%
CINF	A	-0.79%
ALL	A	-0.79%
DDOG	A	-0.79%
NTRS	A	-0.79%
IT	C	-0.79%
DECK	A	-0.79%
RSG	A	-0.79%
WRB	A	-0.78%
PYPL	B	-0.78%
TSCO	D	-0.78%
HIG	B	-0.78%
URI	B	-0.78%
WELL	A	-0.78%
WAB	B	-0.78%
BSX	B	-0.78%
PWR	A	-0.78%
TRV	B	-0.77%
MLM	B	-0.77%
BRK.A	B	-0.77%
NVR	D	-0.76%
AMAT	F	-0.76%
NU	C	-0.75%
ANET	C	-0.75%
CMG	B	-0.75%
CB	C	-0.75%
CARR	D	-0.75%
ROST	C	-0.75%
LEN	D	-0.74%
EXR	D	-0.74%
CPNG	D	-0.74%
HUBB	B	-0.74%
TW	A	-0.74%
GD	F	-0.73%
PHM	D	-0.73%
ACGL	D	-0.72%
FSLR	F	-0.72%
XYL	D	-0.71%
UBER	D	-0.7%
ADI	D	-0.7%
DHI	D	-0.69%
MELI	D	-0.69%
O	D	-0.69%
LLY	F	-0.67%
IRM	D	-0.67%
AMD	F	-0.66%
CHKP	D	-0.65%
CEG	D	-0.64%
MPWR	F	-0.49%
SMCI	F	-0.29%