QLV vs. AUSF ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to Global X Adaptive U.S. Factor ETF (AUSF)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.02

Average Daily Volume

3,613

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.00

Average Daily Volume

36,029

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	QLV	AUSF
30 Days	1.63%	1.51%
60 Days	4.53%	2.30%
90 Days	5.65%	6.80%
12 Months	25.53%	32.60%

46 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in AUSF	Overlap
AAPL	D	5.11%	0.11%	0.11%
ABBV	C	1.15%	0.19%	0.19%
ADP	B	0.87%	0.09%	0.09%
AMGN	B	0.82%	0.32%	0.32%
ATR	B	0.8%	0.09%	0.09%
BRK.A	C	0.59%	1.57%	0.59%
CAG	B	0.16%	0.54%	0.16%
CB	B	0.76%	0.08%	0.08%
CHE	C	0.78%	0.54%	0.54%
CME	C	0.92%	1.4%	0.92%
DOX	C	0.77%	1.35%	0.77%
DTM	B	0.5%	0.58%	0.5%
DUK	C	0.95%	0.11%	0.11%
EA	D	0.21%	1.3%	0.21%
ED	C	0.87%	0.1%	0.1%
GD	B	0.64%	1.51%	0.64%
HII	C	0.51%	0.58%	0.51%
IBM	B	1.77%	2.16%	1.77%
JNJ	B	1.9%	1.57%	1.57%
L	B	0.11%	0.08%	0.08%
LIN	B	0.19%	1.46%	0.19%
LMT	C	1.17%	1.66%	1.17%
MCD	C	1.97%	1.22%	1.22%
MCK	F	0.3%	0.39%	0.3%
MMC	C	0.06%	1.57%	0.06%
MRK	D	2.76%	1.28%	1.28%
NOC	B	0.65%	0.11%	0.11%
PEP	C	1.69%	0.79%	0.79%
PG	C	3.43%	0.92%	0.92%
PKG	B	0.54%	0.09%	0.09%
PNW	B	0.53%	0.08%	0.08%
REGN	C	0.71%	0.08%	0.08%
ROP	C	0.14%	1.47%	0.14%
RSG	D	0.58%	1.52%	0.58%
SO	B	0.72%	0.11%	0.11%
SON	C	0.54%	0.52%	0.52%
T	B	1.45%	1.97%	1.45%
TMUS	C	0.96%	1.63%	0.96%
TRV	B	0.64%	0.13%	0.13%
UNH	C	0.07%	0.09%	0.07%
V	B	2.15%	1.49%	1.49%
VRSK	D	0.39%	0.09%	0.09%
VZ	B	1.7%	2.01%	1.7%
WM	D	0.66%	1.41%	0.66%
WRB	C	0.55%	0.12%	0.12%
XOM	D	1.13%	0.09%	0.09%

QLV Overweight 68 Positions Relative to AUSF

Symbol	Grade	Weight
MSFT	C	7.68%
NVDA	D	4.13%
LLY	C	2.85%
AMZN	C	2.13%
META	A	1.14%
GILD	B	0.98%
ABT	C	0.95%
PSA	B	0.91%
TXN	C	0.87%
GIS	B	0.86%
WEC	B	0.84%
WTW	B	0.83%
TYL	C	0.8%
K	A	0.79%
CHKP	C	0.79%
RGLD	B	0.77%
AIZ	B	0.77%
GOOGL	D	0.76%
WDFC	B	0.76%
QGEN	B	0.75%
QLYS	F	0.74%
LSTR	D	0.74%
AVY	D	0.72%
STNG	D	0.71%
SMMT	C	0.62%
ALL	A	0.61%
AEP	B	0.59%
XEL	A	0.59%
EQIX	B	0.59%
WCN	D	0.59%
AZO	D	0.58%
ZM	C	0.58%
CTVA	B	0.57%
CINF	B	0.56%
DLR	B	0.56%
AEE	B	0.55%
CMS	A	0.55%
ADC	C	0.54%
HSY	C	0.54%
JKHY	B	0.54%
TTEK	C	0.53%
GOOG	D	0.53%
BAH	B	0.51%
SIGI	C	0.51%
SCI	B	0.51%
FLO	C	0.51%
MKL	C	0.5%
TSCO	C	0.5%
CTRA	F	0.49%
CALM	B	0.48%
BMRN	F	0.48%
CHRW	B	0.46%
HRL	C	0.44%
NBIX	F	0.43%
NFG	B	0.37%
CRUS	D	0.36%
AVGO	C	0.34%
SLGN	B	0.32%
DDS	D	0.25%
BMI	B	0.25%
SQSP	A	0.24%
PM	C	0.21%
JPM	D	0.2%
ALKS	C	0.19%
ADI	D	0.16%
NCNO	D	0.1%
CWAN	A	0.07%
EXPD	B	0.03%

QLV Underweight 143 Positions Relative to AUSF

Symbol	Grade	Weight
RTX	C	-1.7%
AJG	C	-1.61%
WMT	B	-1.61%
JNPR	A	-1.54%
ACI	F	-1.31%
CSCO	B	-1.27%
KO	B	-1.27%
BSX	B	-1.19%
CBOE	C	-1.01%
BR	D	-0.85%
MO	C	-0.64%
WMB	B	-0.6%
KMI	A	-0.58%
SOLV	C	-0.56%
UNM	B	-0.56%
VICI	C	-0.55%
BBY	B	-0.55%
OKE	B	-0.55%
MDT	C	-0.55%
LAD	C	-0.54%
HOG	C	-0.53%
LBRDK	D	-0.53%
FOXA	B	-0.53%
CMA	B	-0.53%
KHC	C	-0.53%
UAL	B	-0.52%
CNH	C	-0.52%
CNC	C	-0.52%
FMC	C	-0.52%
PNC	B	-0.51%
IP	B	-0.51%
TPR	C	-0.51%
CMCSA	D	-0.51%
ARW	C	-0.51%
TAP	C	-0.51%
DAL	C	-0.5%
EMN	B	-0.5%
GM	B	-0.5%
FITB	B	-0.5%
KEY	B	-0.5%
PB	B	-0.5%
RF	B	-0.5%
AGNC	A	-0.5%
COLB	B	-0.5%
MTB	B	-0.49%
LYB	F	-0.49%
UBSI	B	-0.49%
KRC	B	-0.49%
STWD	A	-0.49%
USB	B	-0.49%
PVH	F	-0.48%
AM	B	-0.48%
RPRX	C	-0.48%
UGI	C	-0.48%
FNB	D	-0.48%
WHR	D	-0.48%
HBAN	B	-0.48%
CFG	D	-0.48%
RDN	B	-0.48%
ADM	D	-0.47%
VTRS	C	-0.47%
AVT	D	-0.47%
WBS	C	-0.47%
CVS	D	-0.47%
FHN	D	-0.47%
JXN	B	-0.47%
SYF	C	-0.47%
C	D	-0.46%
OGN	D	-0.46%
PRGO	D	-0.46%
DINO	D	-0.46%
ONB	C	-0.46%
ALLY	F	-0.46%
LEA	D	-0.46%
SNX	D	-0.46%
LNC	D	-0.45%
ABG	F	-0.45%
SIG	C	-0.45%
GAP	F	-0.45%
CADE	B	-0.45%
CRBG	D	-0.45%
ZION	D	-0.44%
HPQ	D	-0.44%
AGCO	D	-0.44%
EMR	D	-0.43%
M	F	-0.43%
MOS	F	-0.43%
BG	D	-0.43%
HPE	D	-0.43%
CE	D	-0.43%
AL	D	-0.43%
OZK	D	-0.43%
NOV	D	-0.43%
BEN	F	-0.42%
OMF	C	-0.42%
PTEN	F	-0.4%
X	D	-0.4%
WBA	F	-0.39%
HP	D	-0.39%
F	D	-0.38%
CIVI	F	-0.38%
INTC	F	-0.29%
YUM	D	-0.28%
CACI	B	-0.19%
PGR	A	-0.19%
KR	B	-0.13%
CHD	C	-0.12%
COST	C	-0.12%
TW	A	-0.12%
AFL	B	-0.12%
ORI	A	-0.11%
GRMN	D	-0.11%
LDOS	C	-0.11%
TJX	C	-0.1%
VRTX	D	-0.1%
ICE	B	-0.1%
MSI	C	-0.1%
DRI	C	-0.09%
FDS	C	-0.09%
HIG	A	-0.09%
MA	B	-0.09%
DGX	B	-0.09%
KMB	D	-0.09%
MDLZ	B	-0.09%
GDDY	C	-0.08%
CL	C	-0.08%
AKAM	D	-0.08%
CAH	C	-0.08%
BDX	F	-0.08%
DLB	D	-0.07%
NEU	D	-0.07%
AME	C	-0.07%
ECL	B	-0.07%
HON	D	-0.07%
SNA	B	-0.07%
CASY	D	-0.07%
VRSN	D	-0.07%
CI	C	-0.07%
HOLX	B	-0.07%
CVX	D	-0.07%
PCAR	D	-0.06%
NSIT	C	-0.06%
PSX	D	-0.06%