QDF vs. PY ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Principal Shareholder Yield Index ETF (PY)

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

$70.62

Average Daily Volume

46,144

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

PY

Principal Shareholder Yield Index ETF

PY Description

The Principal Shareholder Yield Index ETF tracks an index of dividend-paying large- and midcap US stocks that are selected by several fundamental factors, including dividend yield and buyback yield. Holdings are equally weighted within two tiers.

Grade (RS Rating)

Last Trade

$49.22

Average Daily Volume

4,052

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	QDF	PY
30 Days	2.42%	3.70%
60 Days	4.87%	4.60%
90 Days	6.57%	8.27%
12 Months	27.18%	25.87%

31 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in PY	Overlap
AAPL	C	8.27%	4.42%	4.42%
ACN	C	1.98%	1.18%	1.18%
ADP	B	1.06%	0.92%	0.92%
AVGO	C	0.89%	2.76%	0.89%
BAC	D	0.02%	1.34%	0.02%
BK	B	0.62%	1.0%	0.62%
CAT	B	0.69%	1.11%	0.69%
CHRW	B	0.51%	0.63%	0.51%
CMA	B	0.5%	0.65%	0.5%
DVN	F	0.48%	0.52%	0.48%
FIS	B	0.61%	1.0%	0.61%
HD	B	1.68%	1.55%	1.55%
HST	C	0.42%	0.64%	0.42%
LMT	C	0.68%	1.02%	0.68%
LOW	B	1.23%	1.01%	1.01%
MAA	B	0.59%	0.72%	0.59%
MCHP	F	0.54%	0.63%	0.54%
MET	B	0.53%	0.81%	0.53%
MO	C	0.84%	0.93%	0.84%
MPC	F	0.55%	0.79%	0.55%
MSFT	C	5.21%	3.94%	3.94%
PAYX	C	0.62%	0.73%	0.62%
POOL	C	0.45%	0.57%	0.45%
QCOM	D	1.74%	1.26%	1.26%
RHI	D	0.33%	0.49%	0.33%
SNA	C	0.45%	0.63%	0.45%
SWKS	D	0.47%	0.59%	0.47%
TPR	C	0.44%	0.72%	0.44%
UNP	C	1.37%	0.99%	0.99%
VLO	F	0.53%	0.68%	0.53%
XOM	C	0.48%	1.76%	0.48%

QDF Overweight 94 Positions Relative to PY

Symbol	Grade	Weight
NVDA	D	4.94%
JNJ	C	3.32%
PG	C	3.22%
ABBV	C	3.1%
META	B	3.04%
KO	C	2.57%
GOOGL	D	1.69%
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%
ZTS	C	0.83%
MS	D	0.75%
SBUX	C	0.74%
ITW	C	0.71%
MMM	B	0.69%
PSA	B	0.66%
JPM	D	0.65%
EBAY	B	0.62%
AFL	C	0.62%
D	C	0.61%
AVB	B	0.6%
VRT	C	0.6%
FAST	C	0.59%
PEG	B	0.59%
PRU	C	0.58%
EQR	B	0.58%
NSA	B	0.57%
MRK	D	0.56%
VIRT	C	0.55%
NXPI	F	0.55%
OHI	B	0.55%
WTW	C	0.54%
CPT	B	0.54%
ORI	B	0.53%
EA	D	0.53%
KTB	B	0.52%
IPG	C	0.52%
RDN	C	0.52%
STWD	B	0.52%
JHG	B	0.51%
NEP	D	0.5%
BPOP	C	0.5%
OGE	C	0.5%
WU	F	0.5%
IVZ	B	0.49%
FAF	B	0.49%
UGI	C	0.49%
SMG	C	0.48%
WSM	D	0.47%
OMF	D	0.45%
WY	C	0.45%
WDFC	C	0.44%
NUE	F	0.42%
EVRG	B	0.42%
CUBE	B	0.42%
WMS	D	0.41%
TT	B	0.4%
CTAS	B	0.38%
V	C	0.38%
PFG	B	0.38%
SCCO	D	0.36%
ALLY	F	0.35%
EIX	C	0.35%
LNC	D	0.34%
CFR	C	0.34%
APLE	D	0.33%
IRDM	D	0.31%
BR	D	0.29%
OLN	D	0.27%
NNN	C	0.27%
MA	B	0.26%
WING	B	0.25%
COST	B	0.24%
NTAP	D	0.22%
RMD	C	0.19%
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%
COP	D	0.04%
STNG	D	0.02%
BBWI	F	0.01%

QDF Underweight 81 Positions Relative to PY

Symbol	Grade	Weight
LIN	B	-1.24%
ALL	B	-1.12%
ABT	C	-1.12%
CB	B	-1.12%
TXN	C	-1.11%
CVX	D	-1.08%
ICE	C	-1.04%
PHM	B	-1.03%
PH	B	-1.0%
HIG	B	-1.0%
ADI	C	-0.97%
MMC	C	-0.97%
PNC	B	-0.96%
TRV	C	-0.95%
FITB	B	-0.94%
SPG	B	-0.93%
RSG	D	-0.92%
TFC	C	-0.9%
PLD	C	-0.9%
CMCSA	D	-0.88%
NDAQ	A	-0.88%
EXR	B	-0.87%
PFE	C	-0.86%
WMB	B	-0.86%
PKG	B	-0.85%
AMP	A	-0.84%
KEY	B	-0.84%
AIG	D	-0.83%
NSC	C	-0.82%
SYF	C	-0.82%
MAS	B	-0.82%
GLW	C	-0.82%
JCI	B	-0.81%
DFS	B	-0.81%
CSX	D	-0.8%
SW	B	-0.8%
LHX	C	-0.8%
FDX	C	-0.79%
ESS	B	-0.79%
CFG	C	-0.79%
MTB	B	-0.78%
CINF	B	-0.78%
PCAR	D	-0.77%
PSX	F	-0.77%
BBY	C	-0.76%
KR	C	-0.75%
ALLE	B	-0.75%
AVY	C	-0.73%
VICI	C	-0.72%
CTSH	C	-0.72%
KIM	C	-0.71%
UDR	C	-0.71%
STT	A	-0.71%
ZION	D	-0.7%
BMY	C	-0.7%
DGX	B	-0.7%
NTRS	A	-0.68%
FOXA	B	-0.68%
GIS	B	-0.68%
STLD	F	-0.67%
AOS	D	-0.67%
RF	B	-0.66%
UPS	D	-0.65%
HPQ	D	-0.65%
INVH	C	-0.65%
FOX	B	-0.65%
EXPD	C	-0.64%
DRI	B	-0.63%
CVS	D	-0.62%
ARE	C	-0.62%
CAG	C	-0.62%
CF	C	-0.6%
HSY	C	-0.58%
GPC	D	-0.54%
ADM	D	-0.48%
EQT	D	-0.47%
BEN	F	-0.42%
XRAY	D	-0.39%
AMZN	C	-0.37%
MOS	F	-0.37%
APA	F	-0.32%