QDF vs. XT ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to iShares Exponential Technologies ETF (XT)

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

$71.77

Average Daily Volume

25,715

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

XT

iShares Exponential Technologies ETF

XT Description

The investment seeks to track the investment results of the Morningstar® Exponential Technologies Index which composed of stocks of developed and emerging market companies that create or use exponential technologies. The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a subset of the Morningstar US Market Index and the Morningstar Global Markets ex-US Index family (the "Parent Indexes"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$59.62

Average Daily Volume

108,993

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	QDF	XT
30 Days	-1.16%	-2.15%
60 Days	1.50%	0.85%
90 Days	3.09%	-0.48%
12 Months	25.09%	8.97%

14 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in XT	Overlap
ABBV	F	2.67%	0.55%	0.55%
ACN	C	1.93%	0.51%	0.51%
AVGO	C	0.94%	0.88%	0.88%
GEN	B	0.6%	0.65%	0.6%
GOOGL	B	1.87%	0.64%	0.64%
KLAC	F	0.81%	0.56%	0.56%
LRCX	F	0.92%	0.49%	0.49%
MCHP	F	0.48%	0.36%	0.36%
MRK	F	0.46%	0.44%	0.44%
MSFT	D	4.88%	0.54%	0.54%
NVDA	A	5.94%	1.51%	1.51%
NXPI	F	0.52%	0.51%	0.51%
QCOM	F	1.7%	0.6%	0.6%
SWKS	F	0.41%	0.41%	0.41%

QDF Overweight 113 Positions Relative to XT

Symbol	Grade	Weight
AAPL	C	8.28%
META	C	3.22%
JNJ	D	2.98%
PG	C	2.91%
KO	D	2.19%
INTU	B	1.77%
HD	A	1.73%
GOOG	B	1.65%
PM	A	1.32%
UNP	D	1.27%
LOW	C	1.27%
ADP	B	1.13%
GILD	C	1.08%
MS	A	0.97%
NKE	F	0.84%
MO	A	0.84%
VRT	A	0.84%
CAT	C	0.76%
SBUX	A	0.75%
ITW	B	0.74%
ZTS	D	0.73%
JPM	A	0.72%
FAST	B	0.69%
BK	B	0.67%
MMM	D	0.66%
LMT	D	0.65%
PAYX	B	0.65%
FIS	C	0.61%
PEG	C	0.6%
JHG	B	0.6%
AFL	C	0.6%
VIRT	A	0.59%
KTB	A	0.59%
PRU	B	0.59%
CMA	B	0.59%
PSA	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
D	C	0.58%
WTW	B	0.56%
SNA	B	0.56%
MAA	A	0.55%
EA	A	0.55%
OHI	B	0.54%
MET	A	0.54%
IVZ	C	0.53%
ORI	A	0.53%
EQR	C	0.53%
CHRW	B	0.53%
MPC	D	0.52%
OGE	A	0.52%
OMF	A	0.52%
VLO	C	0.52%
CPT	C	0.51%
TPR	B	0.51%
NSA	C	0.49%
XOM	B	0.49%
SMG	C	0.49%
IPG	F	0.48%
BPOP	C	0.48%
STWD	C	0.48%
RDN	D	0.48%
WDFC	B	0.47%
UGI	C	0.47%
NUE	D	0.45%
FAF	C	0.45%
POOL	D	0.45%
DVN	F	0.45%
WU	F	0.44%
CFR	B	0.43%
TT	A	0.43%
HST	D	0.42%
WY	D	0.42%
WSM	D	0.41%
EVRG	A	0.41%
LNC	B	0.4%
CTAS	B	0.4%
RHI	C	0.39%
V	A	0.39%
PFG	C	0.39%
ALLY	C	0.38%
SCCO	F	0.37%
WMS	F	0.37%
APLE	B	0.36%
CUBE	C	0.36%
IRDM	F	0.33%
EIX	C	0.33%
NEP	F	0.32%
BR	B	0.3%
MA	B	0.26%
OLN	F	0.26%
COST	A	0.24%
NNN	C	0.23%
NTAP	C	0.22%
WING	D	0.2%
RMD	C	0.18%
HRB	D	0.17%
DPZ	C	0.17%
PNW	B	0.16%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
WMT	A	0.13%
BSY	D	0.13%
EXP	B	0.09%
WFRD	F	0.07%
CSWI	A	0.07%
BKNG	A	0.07%
MAR	B	0.05%
COP	B	0.04%
STNG	D	0.02%
BAC	A	0.02%
BBWI	C	0.01%

QDF Underweight 98 Positions Relative to XT

Symbol	Grade	Weight
PLTR	A	-1.86%
TOST	A	-1.3%
COIN	A	-1.1%
GWRE	A	-0.95%
FTNT	B	-0.88%
ANET	C	-0.85%
SOFI	A	-0.84%
MRVL	B	-0.84%
ISRG	A	-0.82%
DOCU	B	-0.81%
TYL	B	-0.72%
NOW	B	-0.71%
HUBB	B	-0.7%
AMZN	B	-0.68%
BOX	B	-0.68%
CRWD	B	-0.68%
TWLO	A	-0.68%
TW	A	-0.67%
GTLS	A	-0.66%
HUBS	B	-0.66%
ADSK	B	-0.66%
INCY	C	-0.66%
TSLA	A	-0.65%
ALNY	D	-0.65%
SEIC	B	-0.65%
WDC	F	-0.65%
PANW	B	-0.65%
MU	D	-0.64%
HPE	B	-0.64%
CRM	B	-0.63%
FSLR	F	-0.63%
TEAM	A	-0.62%
IBM	C	-0.62%
TXN	C	-0.62%
NEE	C	-0.61%
LLY	F	-0.61%
WAT	C	-0.6%
STX	D	-0.6%
MANH	D	-0.59%
VEEV	C	-0.58%
CSCO	B	-0.58%
RVTY	D	-0.58%
NET	B	-0.57%
VRNS	D	-0.57%
ANSS	B	-0.57%
PTC	B	-0.57%
CCOI	B	-0.57%
ILMN	C	-0.57%
AMD	F	-0.56%
DD	D	-0.56%
AMAT	F	-0.56%
BMY	A	-0.55%
ADI	D	-0.55%
S	B	-0.54%
TER	F	-0.54%
CDNS	B	-0.54%
FDS	B	-0.53%
CTSH	C	-0.53%
DDOG	A	-0.53%
MTD	F	-0.52%
KEYS	C	-0.51%
ROP	C	-0.5%
MPWR	F	-0.5%
ZS	B	-0.49%
SNPS	C	-0.48%
OKTA	D	-0.48%
MKTX	D	-0.48%
JAZZ	C	-0.48%
DT	C	-0.47%
BLKB	B	-0.47%
DBX	C	-0.47%
REGN	F	-0.44%
SBAC	D	-0.43%
ON	F	-0.43%
CCI	C	-0.43%
UMC	F	-0.43%
ALTM	C	-0.43%
ALB	B	-0.42%
QLYS	C	-0.38%
AKAM	F	-0.37%
ESTC	C	-0.37%
XPEV	C	-0.37%
BIDU	F	-0.36%
MDB	C	-0.35%
BMRN	F	-0.33%
QRVO	F	-0.33%
SNOW	C	-0.33%
BIIB	F	-0.33%
IONS	F	-0.33%
APTV	F	-0.32%
CRSP	D	-0.32%
LI	F	-0.3%
INTC	C	-0.29%
NIO	F	-0.29%
ENPH	F	-0.27%
MRNA	F	-0.22%
FIVN	C	-0.22%
SEDG	F	-0.06%