QLC vs. FTA ETF Comparison

Comparison of FlexShares US Quality Large Cap Index Fund (QLC) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.43

Average Daily Volume

43,756

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Large Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.72

Average Daily Volume

39,082

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	QLC	FTA
30 Days	3.14%	4.88%
60 Days	4.71%	5.23%
90 Days	6.03%	6.80%
12 Months	34.37%	26.69%

60 Overlapping Holdings

Symbol	Grade	Weight in QLC	Weight in FTA	Overlap
ACN	C	0.68%	0.18%	0.18%
ADM	D	0.02%	0.77%	0.02%
AFL	B	0.62%	0.5%	0.5%
AIG	B	0.52%	0.91%	0.52%
ALLY	C	0.33%	0.71%	0.33%
BAC	A	1.5%	0.59%	0.59%
BBY	D	0.19%	0.45%	0.19%
C	A	1.25%	0.76%	0.76%
CE	F	0.07%	0.48%	0.07%
CI	F	0.76%	0.16%	0.16%
CMCSA	B	0.78%	0.91%	0.78%
CMI	A	0.31%	0.19%	0.19%
CNC	D	0.29%	0.55%	0.29%
COF	B	0.72%	0.86%	0.72%
CRBG	B	0.09%	0.74%	0.09%
CSCO	B	1.25%	0.38%	0.38%
CTSH	B	0.34%	0.73%	0.34%
EBAY	D	0.47%	0.49%	0.47%
ED	D	0.51%	0.64%	0.51%
EIX	B	0.21%	0.33%	0.21%
ELV	F	0.12%	0.27%	0.12%
EQR	B	0.44%	0.5%	0.44%
ETR	B	0.66%	0.78%	0.66%
EXC	C	0.38%	0.66%	0.38%
EXPD	D	0.38%	0.16%	0.16%
FITB	A	0.27%	0.57%	0.27%
GIS	D	0.34%	0.31%	0.31%
HD	A	0.66%	0.17%	0.17%
HOLX	D	0.2%	0.16%	0.16%
JNJ	D	1.48%	0.33%	0.33%
KR	B	0.46%	0.72%	0.46%
LEN	D	0.09%	0.79%	0.09%
LH	C	0.33%	0.18%	0.18%
LMT	D	0.58%	0.16%	0.16%
LOW	D	0.45%	0.17%	0.17%
LYB	F	0.11%	0.76%	0.11%
MAA	B	0.02%	0.17%	0.02%
MAS	D	0.24%	0.16%	0.16%
MPC	D	0.54%	0.85%	0.54%
MS	A	0.69%	0.65%	0.65%
NUE	C	0.39%	0.85%	0.39%
NVR	D	0.54%	0.33%	0.33%
OMC	C	0.39%	0.17%	0.17%
OXY	D	0.21%	0.86%	0.21%
PCAR	B	0.3%	1.02%	0.3%
PHM	D	0.23%	0.79%	0.23%
PPL	B	0.56%	0.51%	0.51%
PRU	A	0.28%	0.36%	0.28%
PSX	C	0.19%	0.87%	0.19%
STLD	B	0.47%	0.96%	0.47%
STT	A	0.44%	0.55%	0.44%
SYF	B	0.56%	1.14%	0.56%
T	A	0.78%	0.89%	0.78%
TGT	F	0.06%	0.5%	0.06%
TXT	D	0.02%	0.5%	0.02%
UPS	C	0.37%	0.17%	0.17%
VLO	C	0.53%	0.91%	0.53%
WFC	A	0.45%	0.9%	0.45%
WY	D	0.43%	0.16%	0.16%
ZM	B	0.06%	0.42%	0.06%

QLC Overweight 104 Positions Relative to FTA

Symbol	Grade	Weight
AAPL	C	7.51%
NVDA	C	6.54%
MSFT	F	4.69%
GOOGL	C	2.85%
GOOG	C	2.82%
BRK.A	B	2.35%
META	D	2.34%
AMZN	C	2.34%
JPM	A	2.1%
AVGO	D	1.69%
PG	A	1.27%
LLY	F	1.14%
ORCL	B	1.12%
INTU	C	1.08%
GE	D	0.96%
CAT	B	0.95%
MRK	F	0.88%
SO	D	0.84%
ADBE	C	0.82%
ITW	B	0.77%
MCK	B	0.77%
TSLA	B	0.73%
LRCX	F	0.72%
NFLX	A	0.69%
BK	A	0.68%
GS	A	0.68%
FICO	B	0.68%
QCOM	F	0.66%
BKNG	A	0.66%
AMAT	F	0.66%
GWW	B	0.64%
KLAC	D	0.64%
SPG	B	0.64%
CBRE	B	0.63%
PEG	A	0.61%
AZO	C	0.56%
COR	B	0.56%
AMGN	D	0.55%
MET	A	0.55%
AVB	B	0.55%
LDOS	C	0.54%
PM	B	0.54%
APP	B	0.53%
ESS	B	0.53%
FTNT	C	0.5%
PSA	D	0.48%
NRG	B	0.47%
ADI	D	0.47%
CHKP	D	0.46%
BMY	B	0.44%
HST	C	0.44%
KMB	D	0.43%
RCL	A	0.4%
DVA	B	0.39%
MELI	D	0.38%
RMD	C	0.38%
CSL	C	0.35%
FIS	C	0.34%
DELL	C	0.33%
CL	D	0.33%
MTD	D	0.31%
MO	A	0.29%
TAP	C	0.28%
EA	A	0.28%
WAB	B	0.28%
JBL	B	0.27%
MMM	D	0.25%
DASH	A	0.24%
ABNB	C	0.22%
MCHP	D	0.22%
HOOD	B	0.21%
CAH	B	0.21%
HCA	F	0.19%
ABBV	D	0.19%
IT	C	0.19%
IDXX	F	0.18%
FI	A	0.18%
DFS	B	0.18%
NTAP	C	0.17%
PAYX	C	0.16%
GILD	C	0.15%
ICLR	D	0.14%
THC	D	0.14%
UTHR	C	0.13%
ABT	B	0.13%
WSM	B	0.13%
EME	C	0.12%
MANH	D	0.11%
AOS	F	0.08%
FLEX	A	0.07%
GEHC	F	0.07%
REGN	F	0.06%
SYK	C	0.05%
ADP	B	0.05%
EXPE	B	0.05%
CRM	B	0.04%
DHR	F	0.04%
EVRG	A	0.03%
JLL	D	0.03%
ROP	B	0.03%
MEDP	D	0.02%
SMCI	F	0.02%
LAMR	D	0.02%
EMR	A	0.02%

QLC Underweight 126 Positions Relative to FTA

Symbol	Grade	Weight
UAL	A	-1.4%
GM	B	-1.13%
DAL	C	-1.12%
FOXA	B	-0.98%
EOG	A	-0.97%
TROW	B	-0.97%
CVX	A	-0.96%
CINF	A	-0.96%
RS	B	-0.94%
COP	C	-0.94%
CTRA	B	-0.93%
HPE	B	-0.92%
F	C	-0.92%
HAL	C	-0.91%
XOM	B	-0.9%
DVN	F	-0.88%
TOL	B	-0.87%
KMI	A	-0.85%
HBAN	A	-0.84%
EG	C	-0.82%
EQT	B	-0.82%
LNG	B	-0.82%
CFG	B	-0.8%
BG	F	-0.8%
OC	A	-0.78%
CVS	D	-0.77%
SRE	A	-0.76%
VTRS	A	-0.76%
INTC	D	-0.75%
FDX	B	-0.75%
L	A	-0.74%
XEL	A	-0.74%
FANG	D	-0.74%
SLB	C	-0.73%
ATO	A	-0.73%
CNP	B	-0.72%
AEE	A	-0.72%
ZBH	C	-0.71%
CB	C	-0.7%
CF	B	-0.7%
HIG	B	-0.69%
APTV	D	-0.66%
ON	D	-0.65%
VZ	C	-0.64%
DG	F	-0.64%
SNA	A	-0.63%
CHTR	C	-0.62%
BKR	B	-0.61%
MTB	A	-0.61%
SWKS	F	-0.6%
IP	B	-0.6%
DHI	D	-0.6%
RF	A	-0.58%
TDY	B	-0.56%
LUV	C	-0.56%
TRV	B	-0.56%
USB	A	-0.56%
NI	A	-0.53%
DGX	A	-0.52%
D	C	-0.5%
LNT	A	-0.5%
ULTA	F	-0.5%
HRL	D	-0.49%
DUK	C	-0.49%
SYY	B	-0.49%
DTE	C	-0.48%
BLDR	D	-0.48%
DE	A	-0.48%
AEP	D	-0.47%
STX	D	-0.46%
RJF	A	-0.46%
KHC	F	-0.46%
AKAM	D	-0.45%
BIIB	F	-0.44%
OKE	A	-0.42%
DOW	F	-0.42%
DIS	B	-0.4%
KEY	B	-0.4%
PNC	B	-0.39%
JBHT	C	-0.38%
TSN	B	-0.38%
NWSA	B	-0.38%
PKG	A	-0.38%
RGA	A	-0.37%
KIM	A	-0.37%
HPQ	B	-0.36%
DRI	B	-0.36%
CSX	B	-0.36%
WEC	A	-0.35%
SSNC	B	-0.35%
CMS	C	-0.34%
FNF	B	-0.34%
DOC	D	-0.33%
CARR	D	-0.33%
PPG	F	-0.33%
HSY	F	-0.33%
ARE	D	-0.32%
FE	C	-0.32%
GPC	D	-0.31%
MOH	F	-0.31%
KDP	D	-0.31%
HUM	C	-0.31%
WLK	D	-0.3%
PYPL	B	-0.19%
ODFL	B	-0.19%
LHX	C	-0.18%
WRB	A	-0.18%
APD	A	-0.18%
IEX	B	-0.18%
J	F	-0.18%
KEYS	A	-0.17%
GD	F	-0.17%
PEP	F	-0.17%
NDSN	B	-0.17%
CTVA	C	-0.17%
PFG	D	-0.17%
CLX	B	-0.17%
SBUX	A	-0.17%
CPB	D	-0.16%
DD	D	-0.16%
MDT	D	-0.16%
FTV	C	-0.16%
NKE	D	-0.15%
MDLZ	F	-0.15%
AWK	D	-0.15%
CAG	D	-0.14%