QLV vs. FVD ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to First Trust VL Dividend (FVD)

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

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	QLV	FVD
30 Days	0.23%	1.87%
60 Days	1.42%	2.34%
90 Days	3.24%	4.86%
12 Months	25.29%	22.35%

62 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in FVD	Overlap
ABBV	D	0.97%	0.42%	0.42%
ABT	B	0.92%	0.46%	0.46%
ADI	D	0.15%	0.44%	0.15%
ADP	B	0.92%	0.48%	0.48%
AEE	A	0.56%	0.47%	0.47%
AEP	D	0.52%	0.44%	0.44%
AIZ	A	0.84%	0.52%	0.52%
ALL	A	0.62%	0.47%	0.47%
AMGN	D	0.73%	0.43%	0.43%
AVY	D	0.64%	0.43%	0.43%
BAH	F	0.5%	0.44%	0.44%
CAG	D	0.13%	0.43%	0.13%
CALM	A	0.62%	0.46%	0.46%
CB	C	0.72%	0.45%	0.45%
CHRW	C	0.49%	0.48%	0.48%
CME	A	0.91%	0.46%	0.46%
CMS	C	0.53%	0.44%	0.44%
DOX	D	0.76%	0.44%	0.44%
DTM	B	0.65%	0.53%	0.53%
DUK	C	0.87%	0.43%	0.43%
ED	D	0.77%	0.42%	0.42%
EQIX	A	0.62%	0.47%	0.47%
EXPD	D	0.03%	0.47%	0.03%
FLO	D	0.47%	0.45%	0.45%
GD	F	0.61%	0.44%	0.44%
GILD	C	1.11%	0.5%	0.5%
GIS	D	0.72%	0.44%	0.44%
HII	D	0.36%	0.35%	0.35%
HRL	D	0.4%	0.45%	0.4%
HSY	F	0.46%	0.45%	0.45%
IBM	C	1.77%	0.42%	0.42%
JNJ	D	1.68%	0.43%	0.43%
JPM	A	0.21%	0.5%	0.21%
K	A	0.77%	0.46%	0.46%
LMT	D	1.07%	0.41%	0.41%
MCD	D	1.97%	0.44%	0.44%
MMC	B	0.05%	0.46%	0.05%
MRK	F	2.29%	0.43%	0.43%
NFG	A	0.37%	0.45%	0.37%
NOC	D	0.6%	0.44%	0.44%
PEP	F	1.52%	0.44%	0.44%
PG	A	3.17%	0.46%	0.46%
PKG	A	0.61%	0.5%	0.5%
PM	B	0.21%	0.5%	0.21%
PNW	B	0.52%	0.48%	0.48%
PSA	D	0.84%	0.46%	0.46%
SIGI	C	0.55%	0.47%	0.47%
SLGN	A	0.33%	0.49%	0.33%
SO	D	0.68%	0.44%	0.44%
SON	D	0.49%	0.45%	0.45%
T	A	1.46%	0.48%	0.48%
TRV	B	0.66%	0.46%	0.46%
TSCO	D	0.5%	0.44%	0.44%
TXN	C	0.86%	0.49%	0.49%
UNH	C	0.07%	0.48%	0.07%
VZ	C	1.58%	0.43%	0.43%
WDFC	B	0.81%	0.5%	0.5%
WEC	A	0.83%	0.45%	0.45%
WM	A	0.68%	0.49%	0.49%
WTW	B	0.87%	0.5%	0.5%
XEL	A	0.62%	0.51%	0.51%
XOM	B	1.15%	0.47%	0.47%

QLV Overweight 52 Positions Relative to FVD

Symbol	Grade	Weight
MSFT	F	7.86%
NVDA	C	5.54%
AAPL	C	5.13%
AMZN	C	2.5%
LLY	F	2.4%
V	A	2.25%
META	D	1.27%
TMUS	B	1.14%
QLYS	C	0.89%
ATR	B	0.89%
GOOGL	C	0.87%
TYL	B	0.81%
RGLD	C	0.77%
LSTR	D	0.74%
CHE	D	0.74%
CHKP	D	0.72%
ZM	B	0.7%
QGEN	D	0.67%
DLR	B	0.65%
GOOG	C	0.62%
SMMT	D	0.61%
BRK.A	B	0.59%
CINF	A	0.59%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
AZO	C	0.56%
STNG	F	0.55%
MKL	A	0.54%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	B	0.52%
REGN	F	0.47%
TTEK	F	0.46%
NBIX	C	0.43%
AVGO	D	0.4%
VRSK	A	0.39%
BMRN	D	0.37%
MCK	B	0.35%
DDS	B	0.3%
BMI	B	0.28%
CRUS	D	0.26%
EA	A	0.23%
COR	B	0.2%
LIN	D	0.19%
ALKS	B	0.19%
ROP	B	0.14%
NCNO	B	0.13%
L	A	0.11%
CWAN	B	0.09%

QLV Underweight 139 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
G	B	-0.54%
EMR	A	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
INGR	B	-0.52%
MS	A	-0.52%
BMY	B	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
MO	A	-0.52%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	B	-0.51%
IEX	B	-0.51%
SNA	A	-0.51%
JCI	C	-0.51%
SRE	A	-0.5%
NSC	B	-0.5%
WSO	A	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
CVX	A	-0.5%
CMCSA	B	-0.5%
UVV	B	-0.5%
WERN	C	-0.5%
ITW	B	-0.49%
BLK	C	-0.49%
CPK	A	-0.49%
KR	B	-0.49%
NEU	C	-0.49%
NDAQ	A	-0.49%
CTSH	B	-0.49%
TROW	B	-0.49%
FAST	B	-0.49%
CSX	B	-0.49%
THG	A	-0.49%
DGX	A	-0.49%
BK	A	-0.48%
OTTR	C	-0.48%
DCI	B	-0.48%
CSCO	B	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
CLX	B	-0.48%
PAYX	C	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
TJX	A	-0.48%
MSM	C	-0.48%
LECO	B	-0.48%
BR	A	-0.48%
HON	B	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
UPS	C	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
PPL	B	-0.47%
ATO	A	-0.47%
MSEX	B	-0.47%
TGT	F	-0.47%
YUM	B	-0.47%
UNP	C	-0.46%
CNI	D	-0.46%
MMM	D	-0.46%
INFY	B	-0.46%
DLB	B	-0.46%
AWR	B	-0.46%
NWE	B	-0.46%
CAT	B	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
HD	A	-0.46%
TD	F	-0.46%
JJSF	B	-0.46%
LHX	C	-0.46%
SNX	C	-0.45%
PPG	F	-0.45%
TAK	F	-0.45%
MKC	D	-0.45%
ACN	C	-0.45%
PEG	A	-0.45%
LNT	A	-0.45%
DE	A	-0.45%
EIX	B	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
LOW	D	-0.45%
JNPR	F	-0.45%
AWK	D	-0.44%
CPB	D	-0.44%
CWT	D	-0.44%
EXC	C	-0.44%
BDX	F	-0.44%
RTX	C	-0.44%
MDT	D	-0.44%
OTIS	C	-0.44%
POR	C	-0.44%
WTRG	B	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
SJM	D	-0.43%
REYN	D	-0.43%
AOS	F	-0.43%
NKE	D	-0.43%
ES	D	-0.43%
RIO	D	-0.43%
MDLZ	F	-0.43%
DTE	C	-0.43%
TSM	B	-0.43%
NVS	D	-0.42%
KHC	F	-0.42%
PFE	D	-0.42%
KO	D	-0.42%
GSK	F	-0.42%
KDP	D	-0.42%
SJW	D	-0.42%
KMB	D	-0.42%
DEO	F	-0.41%
SNY	F	-0.41%
BAX	D	-0.4%
AZN	D	-0.39%
HMC	F	-0.39%