QDF vs. RNDV ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to First Trust US Equity Dividend Select ETF (RNDV)

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

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	RNDV
30 Days	1.66%	0.09%
60 Days	2.62%	2.01%
90 Days	4.00%	4.31%
12 Months	26.92%	25.40%

32 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in RNDV	Overlap
ABBV	D	2.58%	1.02%	1.02%
ACN	C	1.93%	2.01%	1.93%
ADP	B	1.11%	0.51%	0.51%
AFL	B	0.62%	0.58%	0.58%
AVB	B	0.58%	0.32%	0.32%
CHRW	C	0.55%	0.57%	0.55%
EIX	B	0.34%	0.39%	0.34%
EVRG	A	0.42%	0.48%	0.42%
FAST	B	0.68%	0.58%	0.58%
HD	A	1.77%	1.02%	1.02%
IPG	D	0.45%	2.14%	0.45%
ITW	B	0.74%	0.59%	0.59%
JNJ	D	3.01%	1.08%	1.08%
KLAC	D	0.76%	0.86%	0.76%
LMT	D	0.62%	0.5%	0.5%
LOW	D	1.27%	0.77%	0.77%
MAA	B	0.55%	0.4%	0.4%
MCHP	D	0.45%	2.41%	0.45%
MET	A	0.56%	0.85%	0.56%
MRK	F	0.45%	0.92%	0.45%
MSFT	F	4.91%	0.94%	0.94%
NKE	D	0.83%	0.72%	0.72%
PAYX	C	0.63%	0.72%	0.63%
PFG	D	0.39%	1.05%	0.39%
PM	B	1.41%	0.91%	0.91%
PNW	B	0.16%	0.45%	0.16%
POOL	C	0.44%	0.55%	0.44%
PRU	A	0.61%	1.43%	0.61%
QCOM	F	1.68%	2.43%	1.68%
SNA	A	0.56%	0.69%	0.56%
UNP	C	1.24%	0.54%	0.54%
XOM	B	0.5%	0.58%	0.5%

QDF Overweight 95 Positions Relative to RNDV

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
META	D	3.1%
PG	A	3.03%
KO	D	2.16%
GOOGL	C	1.84%
INTU	C	1.74%
GOOG	C	1.63%
GILD	C	1.0%
MS	A	0.98%
MO	A	0.89%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
SBUX	A	0.76%
CAT	B	0.75%
JPM	A	0.75%
ZTS	D	0.74%
BK	A	0.68%
MMM	D	0.65%
FIS	C	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%
EBAY	D	0.58%
EA	A	0.58%
CMA	A	0.58%
GEN	B	0.58%
TPR	B	0.57%
WTW	B	0.56%
ORI	A	0.55%
EQR	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%
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%
WU	D	0.45%
WSM	B	0.43%
TT	A	0.43%
CFR	B	0.42%
NUE	C	0.42%
WY	D	0.42%
HST	C	0.41%
SWKS	F	0.4%
V	A	0.4%
CTAS	B	0.39%
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%
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%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
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 63 Positions Relative to RNDV

Symbol	Grade	Weight
HPQ	B	-3.91%
IBM	C	-3.57%
HPE	B	-3.47%
VZ	C	-3.4%
TXN	C	-3.28%
GLW	B	-3.05%
BEN	C	-2.16%
BMY	B	-1.85%
ADI	D	-1.81%
CMCSA	B	-1.71%
HAS	D	-1.63%
CVS	D	-1.57%
TROW	B	-1.57%
BBY	D	-1.55%
OMC	C	-1.48%
GPC	D	-1.42%
APH	A	-1.26%
UPS	C	-1.15%
NTRS	A	-1.15%
MDT	D	-1.11%
MTB	A	-1.09%
MCD	D	-1.01%
GRMN	B	-0.99%
OKE	A	-0.9%
CVX	A	-0.85%
CINF	A	-0.85%
CAG	D	-0.8%
BLK	C	-0.75%
KVUE	A	-0.75%
DGX	A	-0.74%
TSN	B	-0.74%
CAH	B	-0.73%
ABT	B	-0.72%
KMB	D	-0.7%
HRL	D	-0.69%
CTRA	B	-0.68%
CME	A	-0.67%
EG	C	-0.64%
SWK	D	-0.62%
CI	F	-0.61%
GIS	D	-0.61%
TRV	B	-0.6%
CMI	A	-0.6%
K	A	-0.58%
AMCR	D	-0.58%
EOG	A	-0.58%
UNH	C	-0.56%
EMR	A	-0.56%
BDX	F	-0.55%
NSC	B	-0.55%
O	D	-0.48%
LHX	C	-0.48%
LEN	D	-0.46%
FMC	D	-0.45%
ES	D	-0.43%
ETR	B	-0.41%
FRT	B	-0.4%
EMN	D	-0.4%
AEP	D	-0.37%
ESS	B	-0.36%
DLR	B	-0.36%
APD	A	-0.35%
CF	B	-0.35%