QDF vs. VUSE ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Vident Core US Equity ETF (VUSE)

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

$71.33

Average Daily Volume

45,847

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$57.54

Average Daily Volume

15,667

Number of Holdings ^*

126

* may have additional holdings in another (foreign) market

Performance

Period	QDF	VUSE
30 Days	3.71%	5.53%
60 Days	9.65%	11.10%
90 Days	6.61%	5.12%
12 Months	31.89%	25.32%

34 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in VUSE	Overlap
AAPL	C	8.57%	1.99%	1.99%
ABBV	C	3.08%	1.24%	1.24%
ADP	A	1.07%	0.99%	0.99%
AVGO	B	0.91%	1.87%	0.91%
BAC	B	0.02%	1.75%	0.02%
BKNG	B	0.06%	1.35%	0.06%
CAT	A	0.78%	0.77%	0.77%
COST	C	0.23%	0.78%	0.23%
CTAS	C	0.38%	0.58%	0.38%
EA	D	0.51%	0.47%	0.47%
FAST	C	0.59%	0.51%	0.51%
GOOGL	B	1.76%	0.95%	0.95%
HD	A	1.79%	2.11%	1.79%
ITW	C	0.72%	0.73%	0.72%
JNJ	D	3.17%	1.91%	1.91%
JPM	C	0.64%	1.87%	0.64%
KLAC	B	0.96%	0.9%	0.9%
KO	C	2.51%	1.89%	1.89%
MA	A	0.25%	2.05%	0.25%
MAR	A	0.04%	1.03%	0.04%
META	A	3.23%	1.05%	1.05%
MO	D	0.81%	0.94%	0.81%
MRK	F	0.52%	1.82%	0.52%
MSFT	D	4.98%	1.94%	1.94%
NKE	D	0.93%	0.6%	0.6%
NVDA	B	4.97%	1.66%	1.66%
PAYX	B	0.63%	0.5%	0.5%
PG	D	3.08%	1.27%	1.27%
RMD	C	0.17%	0.52%	0.17%
SBUX	B	0.73%	0.99%	0.73%
V	B	0.36%	1.99%	0.36%
WMT	A	0.12%	2.07%	0.12%
XOM	A	0.51%	1.92%	0.51%
ZTS	C	0.81%	0.73%	0.73%

QDF Overweight 93 Positions Relative to VUSE

Symbol	Grade	Weight
ACN	B	1.97%
QCOM	D	1.73%
INTU	F	1.57%
GOOG	B	1.55%
UNP	F	1.3%
LOW	C	1.29%
PM	D	1.29%
LRCX	D	1.01%
GILD	A	0.96%
MS	A	0.78%
LMT	A	0.71%
VRT	B	0.7%
MMM	C	0.69%
AFL	A	0.64%
PSA	C	0.64%
PEG	A	0.63%
EBAY	A	0.62%
BK	A	0.62%
D	A	0.6%
FIS	A	0.59%
SMG	C	0.59%
PRU	B	0.58%
AVB	C	0.57%
NXPI	F	0.56%
MPC	D	0.56%
MCHP	F	0.55%
MAA	D	0.55%
EQR	C	0.55%
MET	A	0.55%
NSA	D	0.54%
GEN	A	0.54%
CHRW	C	0.54%
IVZ	A	0.53%
VLO	F	0.53%
WTW	C	0.53%
KTB	C	0.53%
OHI	C	0.53%
ORI	A	0.52%
VIRT	B	0.52%
CPT	C	0.52%
NEP	D	0.51%
IPG	D	0.51%
JHG	A	0.51%
RDN	D	0.5%
OGE	C	0.5%
CMA	C	0.5%
WU	D	0.5%
STWD	C	0.5%
WSM	C	0.49%
UGI	C	0.49%
FAF	C	0.48%
DVN	F	0.48%
SWKS	F	0.47%
BPOP	D	0.47%
SNA	C	0.46%
POOL	D	0.46%
WY	C	0.46%
TPR	B	0.46%
WDFC	B	0.44%
OMF	D	0.43%
WMS	D	0.43%
NUE	D	0.43%
HST	D	0.42%
SCCO	B	0.42%
EVRG	C	0.41%
TT	A	0.41%
CUBE	C	0.4%
PFG	A	0.39%
ALLY	F	0.36%
RHI	D	0.35%
IRDM	C	0.35%
LNC	B	0.35%
EIX	C	0.35%
APLE	B	0.34%
CFR	B	0.33%
OLN	D	0.29%
BR	B	0.29%
NNN	C	0.27%
WING	C	0.26%
NTAP	D	0.23%
HRB	C	0.18%
CL	D	0.17%
DPZ	D	0.17%
PNW	C	0.16%
BSY	D	0.14%
PAYC	D	0.12%
COR	F	0.12%
EXP	C	0.08%
WFRD	F	0.07%
CSWI	A	0.06%
COP	D	0.04%
STNG	B	0.02%
BBWI	F	0.01%

QDF Underweight 92 Positions Relative to VUSE

Symbol	Grade	Weight
AMZN	C	-2.58%
ORCL	A	-2.29%
CVX	B	-1.93%
CMG	C	-1.28%
MSI	A	-1.27%
ECL	C	-1.26%
UBER	C	-1.26%
NFLX	A	-1.25%
AMAT	C	-1.25%
SNPS	F	-1.17%
T	B	-1.09%
MCD	A	-1.03%
LLY	D	-1.03%
SHW	C	-0.99%
TJX	D	-0.95%
ADBE	F	-0.9%
TMUS	A	-0.71%
FTNT	A	-0.71%
POWL	B	-0.7%
SYK	C	-0.7%
EME	B	-0.69%
ERIE	A	-0.67%
WDAY	D	-0.65%
AMP	A	-0.65%
JXN	A	-0.65%
AYI	A	-0.65%
IDCC	A	-0.64%
CORT	B	-0.64%
AMR	F	-0.64%
PIPR	A	-0.63%
EQH	B	-0.61%
NYT	C	-0.61%
TDG	A	-0.61%
CVLT	B	-0.61%
FICO	C	-0.61%
NOW	B	-0.6%
NRG	A	-0.59%
IESC	A	-0.58%
UTHR	C	-0.56%
RDDT	B	-0.55%
BOX	C	-0.55%
EPAC	A	-0.55%
LSCC	D	-0.54%
DBRG	D	-0.53%
GWW	B	-0.52%
IT	A	-0.51%
MTD	C	-0.51%
MTG	A	-0.5%
PLAB	D	-0.5%
PLMR	A	-0.49%
EXEL	B	-0.49%
YELP	D	-0.49%
MSCI	B	-0.49%
JLL	C	-0.49%
DFIN	B	-0.48%
ODFL	F	-0.48%
SHO	B	-0.48%
TREX	D	-0.48%
CRUS	D	-0.47%
JKHY	A	-0.44%
A	B	-0.44%
QLYS	F	-0.43%
ANET	A	-0.42%
VST	A	-0.42%
ON	F	-0.42%
CASH	C	-0.41%
ACLS	F	-0.4%
EOG	B	-0.4%
BSX	A	-0.39%
RMBS	F	-0.39%
MANH	A	-0.38%
PLTR	A	-0.38%
CSL	A	-0.37%
OTTR	F	-0.35%
NSSC	F	-0.3%
HCC	C	-0.27%
CRWD	D	-0.27%
AOS	C	-0.25%
PANW	B	-0.24%
DBX	C	-0.24%
DOCU	A	-0.24%
BMI	A	-0.24%
TRIP	D	-0.23%
PINS	D	-0.23%
VRSK	D	-0.22%
MEDP	F	-0.2%
APPF	C	-0.17%
PSTG	F	-0.14%
CMCSA	B	-0.14%
ABNB	D	-0.14%
SPG	A	-0.13%
SEIC	B	-0.1%