QLVD vs. FIVA ETF Comparison

Comparison of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) to Fidelity International Value Factor ETF (FIVA)

QLVD

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

QLVD 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

$28.53

Average Daily Volume

2,369

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FIVA

Fidelity International Value Factor ETF

FIVA Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity ® International Value Factor Index. The fund normally invests at least 80% of assets in securities included in the Fidelity ® International Value Factor Index and in depository receipts representing securities included in the index. The index is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$26.42

Average Daily Volume

31,317

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVD	FIVA
30 Days	-0.39%	0.16%
60 Days	6.37%	7.55%
90 Days	8.22%	3.46%
12 Months	23.13%	23.47%

3 Overlapping Holdings

Symbol	Grade	Weight in QLVD	Weight in FIVA	Overlap
CNI	D	1.26%	0.91%	0.91%
NVS	D	2.51%	1.32%	1.32%
TD	C	0.57%	1.18%	0.57%

QLVD Overweight 2 Positions Relative to FIVA

	Symbol	Grade	Weight
	UL	C	2.91%
	MFG	D	0.97%

QLVD Underweight 4 Positions Relative to FIVA

Symbol	Grade	Weight
SONY	C	-1.42%
ABBV	A	-1.03%
STLA	F	-0.81%
BCS	C	-0.71%