QLVE vs. MEMX ETF Comparison

Comparison of FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) to Matthews Emerging Markets ex China Active ETF (MEMX)

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

MEMX

Matthews Emerging Markets ex China Active ETF

MEMX Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries excluding China. The fund may also invest in companies located in developed countries or China; however, the fund may not invest in any company located in a developed country or China if, at the time of purchase, more than 20% of the fund"s assets are invested in a combination of developed market and Chinese companies.

Grade (RS Rating)

Last Trade

$29.82

Average Daily Volume

5,112

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVE	MEMX
30 Days	-4.07%	-2.80%
60 Days	-3.07%	-3.55%
90 Days	-1.52%	-3.15%
12 Months	14.89%	14.81%

5 Overlapping Holdings

Symbol	Grade	Weight in QLVE	Weight in MEMX	Overlap
BAP	A	1.02%	2.16%	1.02%
HDB	C	0.45%	2.54%	0.45%
IBN	C	0.68%	3.07%	0.68%
SKM	C	0.77%	0.76%	0.76%
VALE	F	0.17%	0.75%	0.17%

QLVE Overweight 8 Positions Relative to MEMX

Symbol	Grade	Weight
BABA	D	2.53%
CHT	C	0.94%
PDD	F	0.71%
KT	A	0.52%
NTES	D	0.45%
UMC	F	0.16%
BIDU	F	0.04%
TCOM	B	0.02%

QLVE Underweight 14 Positions Relative to MEMX

Symbol	Grade	Weight
TSM	B	-12.65%
KB	B	-1.68%
GLOB	B	-1.55%
GRAB	A	-1.38%
NU	C	-1.38%
INFY	C	-1.33%
PBR	D	-1.14%
FCX	F	-1.06%
MMYT	B	-1.04%
BCH	C	-0.99%
MELI	C	-0.89%
ASAI	F	-0.88%
SE	A	-0.86%
PSMT	D	-0.72%