QDF vs. LGLV ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV)

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

$70.71

Average Daily Volume

44,851

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

LGLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA US Large Cap Low Volatility Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the stocks of U.S. large capitalization companies that exhibit low volatility. Volatility is a statistical measurement of the magnitude of movements in a stock's price over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$167.76

Average Daily Volume

31,409

Number of Holdings ^*

159

* may have additional holdings in another (foreign) market

Performance

Period	QDF	LGLV
30 Days	1.56%	2.70%
60 Days	3.49%	6.72%
90 Days	6.32%	9.57%
12 Months	28.53%	25.92%

33 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in LGLV	Overlap
ACN	C	1.98%	0.44%	0.44%
ADP	B	1.06%	0.71%	0.71%
AFL	C	0.62%	0.71%	0.62%
AVB	C	0.6%	1.11%	0.6%
BR	D	0.29%	0.53%	0.29%
CHRW	A	0.51%	0.43%	0.43%
CL	C	0.17%	1.48%	0.17%
COST	B	0.24%	0.71%	0.24%
CPT	B	0.54%	0.48%	0.48%
EA	D	0.53%	0.63%	0.53%
EQR	C	0.58%	1.09%	0.58%
FAST	C	0.59%	0.51%	0.51%
GOOGL	D	1.69%	0.47%	0.47%
HD	A	1.68%	0.49%	0.49%
ITW	C	0.71%	0.49%	0.49%
JNJ	C	3.32%	1.09%	1.09%
LMT	B	0.68%	0.84%	0.68%
LOW	A	1.23%	0.37%	0.37%
MAA	C	0.59%	0.73%	0.59%
MMM	A	0.69%	0.76%	0.69%
MRK	D	0.56%	0.63%	0.56%
MSFT	C	5.21%	0.69%	0.69%
ORI	B	0.53%	0.33%	0.33%
PAYX	C	0.62%	0.65%	0.62%
PEG	A	0.59%	1.07%	0.59%
PG	C	3.22%	1.08%	1.08%
PSA	B	0.66%	1.13%	0.66%
SBUX	C	0.74%	0.46%	0.46%
UNP	C	1.37%	0.52%	0.52%
V	C	0.38%	0.61%	0.38%
WMT	B	0.12%	1.26%	0.12%
WTW	C	0.54%	0.68%	0.54%
XOM	D	0.48%	0.3%	0.3%

QDF Overweight 92 Positions Relative to LGLV

Symbol	Grade	Weight
AAPL	C	8.27%
NVDA	D	4.94%
ABBV	C	3.1%
META	A	3.04%
KO	B	2.57%
QCOM	F	1.74%
INTU	C	1.69%
GOOG	D	1.49%
PM	C	1.38%
GILD	B	0.96%
LRCX	F	0.95%
KLAC	D	0.92%
NKE	D	0.9%
AVGO	C	0.89%
MO	C	0.84%
ZTS	C	0.83%
MS	C	0.75%
CAT	B	0.69%
JPM	D	0.65%
EBAY	B	0.62%
BK	A	0.62%
FIS	B	0.61%
D	B	0.61%
VRT	C	0.6%
PRU	C	0.58%
NSA	B	0.57%
VIRT	C	0.55%
NXPI	D	0.55%
MPC	D	0.55%
OHI	C	0.55%
MCHP	D	0.54%
VLO	F	0.53%
MET	A	0.53%
KTB	A	0.52%
IPG	C	0.52%
RDN	C	0.52%
STWD	B	0.52%
JHG	B	0.51%
NEP	C	0.5%
BPOP	C	0.5%
CMA	A	0.5%
OGE	B	0.5%
WU	D	0.5%
IVZ	B	0.49%
FAF	C	0.49%
UGI	C	0.49%
DVN	D	0.48%
SMG	C	0.48%
WSM	D	0.47%
SWKS	F	0.47%
SNA	C	0.45%
POOL	D	0.45%
OMF	D	0.45%
WY	C	0.45%
TPR	C	0.44%
WDFC	C	0.44%
NUE	F	0.42%
EVRG	B	0.42%
HST	C	0.42%
CUBE	B	0.42%
WMS	D	0.41%
TT	A	0.4%
CTAS	C	0.38%
PFG	B	0.38%
SCCO	D	0.36%
ALLY	D	0.35%
EIX	C	0.35%
LNC	D	0.34%
CFR	C	0.34%
RHI	D	0.33%
APLE	C	0.33%
IRDM	D	0.31%
OLN	D	0.27%
NNN	C	0.27%
MA	B	0.26%
WING	B	0.25%
NTAP	D	0.22%
RMD	C	0.19%
HRB	C	0.18%
PNW	B	0.16%
DPZ	D	0.16%
BSY	D	0.14%
PAYC	D	0.13%
EXP	B	0.08%
WFRD	F	0.07%
CSWI	B	0.06%
BKNG	B	0.06%
MAR	C	0.04%
COP	D	0.04%
STNG	F	0.02%
BAC	D	0.02%
BBWI	F	0.01%

QDF Underweight 126 Positions Relative to LGLV

Symbol	Grade	Weight
PEP	D	-1.36%
GIS	B	-1.25%
LIN	B	-1.21%
DUK	B	-1.15%
XEL	B	-1.15%
SO	A	-1.07%
RSG	D	-1.05%
APD	B	-1.04%
ED	C	-1.02%
WEC	B	-1.0%
PGR	A	-0.99%
BRK.A	C	-0.96%
AMT	C	-0.96%
VZ	B	-0.96%
DTE	B	-0.95%
MMC	C	-0.94%
EQIX	B	-0.9%
AJG	D	-0.87%
VMC	D	-0.86%
MCD	B	-0.85%
K	A	-0.85%
WM	D	-0.84%
AEE	A	-0.83%
CME	C	-0.83%
NDAQ	A	-0.82%
INVH	C	-0.82%
UNH	C	-0.8%
ALL	B	-0.79%
TRV	B	-0.79%
BRO	C	-0.79%
BDX	F	-0.77%
CB	B	-0.75%
GD	B	-0.75%
CMS	B	-0.75%
NOC	A	-0.74%
MSI	B	-0.74%
ICE	C	-0.73%
MKL	C	-0.72%
BAH	B	-0.72%
T	C	-0.69%
BMY	C	-0.68%
CHKP	A	-0.68%
PKG	B	-0.67%
MCK	F	-0.67%
J	C	-0.66%
TJX	C	-0.66%
AON	B	-0.66%
ABT	C	-0.66%
SUI	C	-0.65%
GRMN	D	-0.65%
MDT	C	-0.65%
KMI	A	-0.64%
WRB	C	-0.64%
OTIS	C	-0.64%
TYL	C	-0.64%
AVY	D	-0.64%
IBM	A	-0.63%
FDS	C	-0.62%
ORCL	B	-0.6%
ROP	C	-0.59%
TXN	C	-0.58%
AMCR	C	-0.58%
VRSK	D	-0.57%
NI	B	-0.56%
HON	D	-0.56%
UDR	C	-0.56%
IEX	D	-0.55%
ETN	C	-0.54%
L	D	-0.53%
TSCO	C	-0.53%
ELS	C	-0.52%
FOXA	B	-0.52%
GGG	C	-0.51%
AZO	D	-0.51%
VRSN	D	-0.51%
CASY	D	-0.51%
CNA	D	-0.5%
AMH	C	-0.5%
ORLY	D	-0.5%
ROL	C	-0.49%
RYAN	C	-0.49%
PCAR	D	-0.48%
AME	C	-0.48%
JKHY	C	-0.47%
NDSN	C	-0.47%
WMB	B	-0.46%
CSCO	B	-0.46%
NVR	B	-0.45%
SCI	C	-0.42%
CMCSA	D	-0.42%
YUM	F	-0.42%
AKAM	D	-0.41%
FTV	C	-0.4%
CACI	B	-0.39%
HLI	A	-0.39%
CSGP	D	-0.39%
LNG	C	-0.37%
DOX	C	-0.37%
ATR	B	-0.37%
AIZ	B	-0.36%
GL	C	-0.35%
GPK	B	-0.33%
TTC	D	-0.32%
EGP	C	-0.32%
DCI	D	-0.31%
CHE	C	-0.31%
CVX	D	-0.3%
ADC	C	-0.29%
CHK	D	-0.29%
FR	C	-0.28%
CBSH	D	-0.28%
SEIC	C	-0.27%
DTM	A	-0.27%
SAIC	C	-0.26%
GNTX	D	-0.25%
LSTR	F	-0.24%
DLB	D	-0.24%
MSA	D	-0.23%
DG	F	-0.22%
CWST	D	-0.22%
RLI	B	-0.22%
MMS	C	-0.19%
SIGI	D	-0.19%
SON	D	-0.19%
NEU	D	-0.14%
SOLV	C	-0.1%