QDF vs. VALQ ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to American Century STOXX U.S. Quality Value ETF (VALQ)

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

$71.22

Average Daily Volume

46,144

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

VALQ

American Century STOXX U.S. Quality Value ETF

VALQ Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the iSTOXX® American Century USA Quality Value Index (the underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the underlying index. The underlying index is designed to select securities of large- and mid-capitalization companies that are undervalued or have sustainable income.

Grade (RS Rating)

Last Trade

$61.38

Average Daily Volume

7,118

Number of Holdings ^*

241

* may have additional holdings in another (foreign) market

Performance

Period	QDF	VALQ
30 Days	2.42%	3.66%
60 Days	4.87%	6.32%
90 Days	6.57%	7.44%
12 Months	27.18%	26.30%

44 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in VALQ	Overlap
AAPL	C	8.27%	2.7%	2.7%
ABBV	C	3.1%	2.09%	2.09%
ALLY	F	0.35%	0.07%	0.07%
AVGO	C	0.89%	0.08%	0.08%
BK	B	0.62%	0.09%	0.09%
BKNG	C	0.06%	0.09%	0.06%
CAT	B	0.69%	0.19%	0.19%
CL	D	0.17%	2.12%	0.17%
CTAS	B	0.38%	1.84%	0.38%
DPZ	F	0.16%	0.16%	0.16%
EA	D	0.53%	0.09%	0.09%
EBAY	B	0.62%	1.94%	0.62%
FIS	B	0.61%	0.09%	0.09%
GILD	B	0.96%	0.1%	0.1%
GOOGL	D	1.69%	0.55%	0.55%
HD	B	1.68%	1.9%	1.68%
HRB	C	0.18%	0.61%	0.18%
ITW	C	0.71%	0.89%	0.71%
IVZ	B	0.49%	0.61%	0.49%
JNJ	C	3.32%	0.09%	0.09%
KLAC	D	0.92%	0.08%	0.08%
KO	C	2.57%	2.03%	2.03%
LMT	C	0.68%	0.1%	0.1%
LRCX	F	0.95%	0.08%	0.08%
META	B	3.04%	0.09%	0.09%
MMM	B	0.69%	0.11%	0.11%
MO	C	0.84%	0.58%	0.58%
MPC	F	0.55%	0.24%	0.24%
MSFT	C	5.21%	0.27%	0.27%
NTAP	D	0.22%	0.42%	0.22%
OMF	D	0.45%	0.08%	0.08%
ORI	B	0.53%	0.18%	0.18%
PG	C	3.22%	1.21%	1.21%
QCOM	D	1.74%	0.54%	0.54%
RHI	D	0.33%	0.09%	0.09%
RMD	C	0.19%	0.1%	0.1%
SNA	C	0.45%	0.09%	0.09%
SWKS	D	0.47%	0.11%	0.11%
TPR	C	0.44%	0.69%	0.44%
TT	B	0.4%	0.23%	0.23%
VLO	F	0.53%	0.08%	0.08%
WING	B	0.25%	0.16%	0.16%
WMT	C	0.12%	2.17%	0.12%
WSM	D	0.47%	0.31%	0.31%

QDF Overweight 81 Positions Relative to VALQ

Symbol	Grade	Weight
NVDA	D	4.94%
ACN	C	1.98%
INTU	C	1.69%
GOOG	D	1.49%
PM	C	1.38%
UNP	C	1.37%
LOW	B	1.23%
ADP	B	1.06%
NKE	D	0.9%
ZTS	C	0.83%
MS	D	0.75%
SBUX	C	0.74%
PSA	B	0.66%
JPM	D	0.65%
PAYX	C	0.62%
AFL	C	0.62%
D	C	0.61%
AVB	B	0.6%
VRT	C	0.6%
MAA	B	0.59%
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%
MCHP	F	0.54%
MET	B	0.53%
KTB	B	0.52%
IPG	C	0.52%
RDN	C	0.52%
STWD	B	0.52%
JHG	B	0.51%
CHRW	B	0.51%
NEP	D	0.5%
BPOP	C	0.5%
CMA	B	0.5%
OGE	C	0.5%
WU	F	0.5%
FAF	B	0.49%
UGI	C	0.49%
XOM	C	0.48%
DVN	F	0.48%
SMG	C	0.48%
POOL	C	0.45%
WY	C	0.45%
WDFC	C	0.44%
NUE	F	0.42%
EVRG	B	0.42%
HST	C	0.42%
CUBE	B	0.42%
WMS	D	0.41%
V	C	0.38%
PFG	B	0.38%
SCCO	D	0.36%
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%
COST	B	0.24%
PNW	C	0.16%
BSY	D	0.14%
PAYC	D	0.13%
EXP	B	0.08%
WFRD	F	0.07%
CSWI	B	0.06%
MAR	C	0.04%
COP	D	0.04%
STNG	D	0.02%
BAC	D	0.02%
BBWI	F	0.01%

QDF Underweight 197 Positions Relative to VALQ

Symbol	Grade	Weight
TEL	D	-2.59%
KMB	D	-2.26%
CMCSA	D	-2.21%
IBM	B	-2.13%
MSI	B	-2.11%
AMZN	C	-2.01%
INGR	B	-1.87%
VLTO	C	-1.76%
SPG	B	-1.73%
NFLX	B	-1.7%
HPQ	D	-1.68%
CLX	C	-1.66%
ETN	C	-1.59%
APH	D	-1.57%
TXN	C	-1.53%
TGT	C	-1.51%
JLL	B	-1.5%
LYB	D	-1.38%
MAS	B	-1.28%
BBY	C	-1.25%
UBER	C	-1.23%
GPC	D	-1.09%
MTD	D	-1.05%
TOL	B	-1.04%
OTIS	C	-1.02%
OC	D	-0.99%
CAH	C	-0.84%
CTSH	C	-0.8%
SFM	B	-0.78%
CI	C	-0.77%
LECO	F	-0.77%
BMY	C	-0.73%
DOX	C	-0.72%
PYPL	B	-0.68%
SEIC	C	-0.66%
CSCO	C	-0.64%
NVT	D	-0.61%
DCI	C	-0.59%
ALLE	B	-0.57%
REYN	C	-0.56%
NYT	C	-0.54%
ECL	B	-0.48%
MTG	B	-0.45%
FFIV	B	-0.45%
CBT	B	-0.41%
AYI	B	-0.41%
HUBB	B	-0.38%
AMCR	B	-0.36%
ARW	C	-0.36%
G	C	-0.35%
SHW	B	-0.34%
DBX	D	-0.34%
AZEK	C	-0.32%
ZM	C	-0.32%
FLS	D	-0.3%
NOVT	D	-0.3%
SM	F	-0.28%
GWW	B	-0.28%
NEU	D	-0.26%
FLO	C	-0.26%
NSIT	D	-0.25%
JBL	D	-0.24%
QLYS	F	-0.24%
DOCU	C	-0.24%
CRUS	D	-0.24%
PH	B	-0.23%
UHS	B	-0.22%
COLM	C	-0.21%
KR	C	-0.21%
DVA	B	-0.2%
FICO	B	-0.2%
LEN	B	-0.19%
TJX	B	-0.18%
ADSK	C	-0.18%
IDXX	C	-0.17%
SYY	D	-0.17%
BRBR	C	-0.17%
LAMR	B	-0.17%
ROST	C	-0.17%
JEF	B	-0.16%
PPG	D	-0.16%
LFUS	C	-0.15%
AMKR	F	-0.15%
CR	C	-0.15%
ANF	D	-0.14%
GAP	F	-0.14%
DDS	F	-0.13%
UTHR	C	-0.13%
DKS	D	-0.13%
EME	B	-0.11%
GL	C	-0.11%
EXEL	C	-0.11%
ALSN	B	-0.11%
CAG	C	-0.1%
FDX	C	-0.1%
HIG	B	-0.1%
EXPE	C	-0.1%
ADBE	F	-0.1%
THC	A	-0.1%
AXS	B	-0.1%
APP	C	-0.09%
AXTA	B	-0.09%
BMI	A	-0.09%
TXT	D	-0.09%
SWK	B	-0.09%
IGT	D	-0.09%
KEYS	C	-0.09%
DLB	D	-0.09%
TRMB	C	-0.09%
FOXA	B	-0.09%
FIZZ	D	-0.09%
NVR	B	-0.09%
BERY	B	-0.09%
USFD	B	-0.09%
EG	C	-0.09%
PHM	B	-0.09%
INCY	C	-0.09%
CACI	B	-0.09%
MANH	B	-0.09%
BYD	C	-0.09%
RL	C	-0.09%
AMG	C	-0.09%
EXPD	C	-0.09%
RGA	C	-0.09%
STT	A	-0.09%
SSNC	B	-0.09%
K	B	-0.09%
INFA	D	-0.09%
AIZ	B	-0.09%
LDOS	B	-0.09%
ELV	C	-0.09%
TSN	C	-0.09%
NTRS	A	-0.09%
UNM	B	-0.09%
EHC	C	-0.09%
CCK	A	-0.09%
CPB	C	-0.09%
PKG	B	-0.09%
PEGA	C	-0.09%
VRSN	D	-0.09%
OMC	B	-0.09%
BRK.A	C	-0.09%
L	C	-0.09%
SYF	C	-0.09%
TAP	D	-0.09%
FTNT	C	-0.09%
WTS	C	-0.09%
ALL	B	-0.09%
DGX	B	-0.09%
POST	C	-0.09%
PGR	B	-0.09%
EPAM	F	-0.09%
GIS	B	-0.09%
ALKS	C	-0.09%
JKHY	B	-0.09%
SAIC	C	-0.09%
CROX	D	-0.08%
AMAT	D	-0.08%
AN	D	-0.08%
PVH	F	-0.08%
PARA	F	-0.08%
STLD	F	-0.08%
CNC	D	-0.08%
QRVO	F	-0.08%
CMC	D	-0.08%
MCK	F	-0.08%
GDDY	C	-0.08%
TER	D	-0.08%
EEFT	D	-0.08%
GM	C	-0.08%
VMI	D	-0.08%
CHTR	D	-0.08%
BWA	D	-0.08%
SKX	D	-0.08%
TKR	D	-0.08%
TMHC	A	-0.08%
CSL	B	-0.08%
KBH	A	-0.08%
JAZZ	D	-0.08%
MMS	C	-0.08%
ADTN	D	-0.08%
MSM	D	-0.08%
TWLO	D	-0.08%
NXST	D	-0.08%
IQV	C	-0.08%
COKE	C	-0.08%
TROW	D	-0.08%
TXRH	C	-0.08%
MLI	A	-0.08%
MHK	C	-0.08%
MAT	C	-0.08%
AIT	A	-0.08%
AKAM	D	-0.08%
AOS	D	-0.08%
EVR	A	-0.08%
HPE	D	-0.07%
MEDP	F	-0.07%