QLVE vs. FLAX ETF Comparison

Comparison of FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) to Franklin FTSE Asia ex Japan ETF (FLAX)

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets 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 emerging market countries. Under normal circumstances, 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

$25.66

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLAX

Franklin FTSE Asia ex Japan ETF

FLAX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index (the FTSE Asia ex Japan Capped Index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Asia ex Japan Capped Index and in depositary receipts representing such securities. The FTSE Asia ex Japan Capped Index is based on the FTSE Asia ex Japan Index and is designed to measure the performance of large- and mid- capitalization stocks from developed and emerging Asian countries, excluding Japan.

Grade (RS Rating)

Last Trade

$23.29

Average Daily Volume

1,475

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVE	FLAX
30 Days	-4.07%	-4.31%
60 Days	-3.07%	-0.97%
90 Days	-1.52%	-0.01%
12 Months	14.89%	14.05%

8 Overlapping Holdings

Symbol	Grade	Weight in QLVE	Weight in FLAX	Overlap
BABA	D	2.53%	2.46%	2.46%
BIDU	F	0.04%	0.32%	0.04%
CHT	D	0.94%	0.19%	0.19%
HDB	C	0.45%	1.54%	0.45%
IBN	C	0.68%	0.76%	0.68%
PDD	F	0.71%	1.09%	0.71%
TCOM	B	0.02%	0.47%	0.02%
UMC	F	0.16%	0.22%	0.16%

QLVE Overweight 5 Positions Relative to FLAX

Symbol	Grade	Weight
BAP	B	1.02%
SKM	D	0.77%
KT	A	0.52%
NTES	D	0.45%
VALE	F	0.17%

QLVE Underweight 25 Positions Relative to FLAX

Symbol	Grade	Weight
KB	B	-0.31%
SHG	D	-0.26%
YUMC	C	-0.25%
LI	F	-0.17%
BGNE	D	-0.16%
BEKE	D	-0.16%
WIT	A	-0.13%
XPEV	C	-0.11%
TME	D	-0.11%
YMM	C	-0.09%
NIO	F	-0.08%
BILI	D	-0.07%
QFIN	B	-0.06%
BZ	F	-0.06%
KEP	B	-0.06%
VIPS	F	-0.06%
TAL	F	-0.05%
LPL	F	-0.03%
RLX	C	-0.02%
GDS	C	-0.02%
ATHM	D	-0.02%
WB	D	-0.01%
YY	C	-0.01%
IQ	F	-0.01%
DQ	F	-0.01%