QLVE vs. SCHE ETF Comparison

Comparison of FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) to Schwab Emerging Markets Equity ETF (SCHE)

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

$27.15

Average Daily Volume

1,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SCHE

Schwab Emerging Markets Equity ETF

SCHE Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Emerging Index. The fund invests at least 90% of net assets in stocks that are included in the index. The index is comprised of large and mid capitalization companies in emerging market countries, as defined by the index provider. It will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry, group of industries or sector to approximately the same extent that its index is so concentrated. The fund may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$29.94

Average Daily Volume

1,236,278

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVE	SCHE
30 Days	5.47%	11.88%
60 Days	11.43%	17.64%
90 Days	7.56%	10.52%
12 Months	26.36%	31.89%

9 Overlapping Holdings

Symbol	Grade	Weight in QLVE	Weight in SCHE	Overlap
BABA	A	2.69%	2.7%	2.69%
BIDU	C	0.03%	0.35%	0.03%
CHT	C	0.92%	0.18%	0.18%
HDB	D	0.45%	1.42%	0.45%
IBN	C	0.67%	0.73%	0.67%
PDD	B	0.76%	1.16%	0.76%
TCOM	A	0.02%	0.41%	0.02%
UMC	D	0.19%	0.25%	0.19%
VALE	D	0.19%	0.55%	0.19%

QLVE Overweight 4 Positions Relative to SCHE

Symbol	Grade	Weight
BAP	A	0.88%
SKM	C	0.78%
KT	C	0.51%
NTES	B	0.43%

QLVE Underweight 31 Positions Relative to SCHE

Symbol	Grade	Weight
YUMC	B	-0.21%
LI	C	-0.17%
BGNE	A	-0.16%
BEKE	A	-0.14%
ABEV	B	-0.12%
TME	B	-0.11%
WIT	C	-0.11%
XPEV	C	-0.1%
ASAI	F	-0.09%
NIO	C	-0.09%
ERJ	C	-0.08%
YMM	A	-0.08%
BCH	D	-0.07%
BILI	B	-0.07%
BZ	C	-0.06%
VIPS	B	-0.06%
TAL	C	-0.05%
GGB	B	-0.05%
BRFS	D	-0.04%
SBSW	C	-0.04%
CSAN	D	-0.04%
QFIN	A	-0.04%
ATHM	B	-0.03%
IQ	D	-0.02%
AKO.A	D	-0.02%
RLX	D	-0.02%
TWI	F	-0.02%
GDS	B	-0.02%
WB	B	-0.01%
DQ	C	-0.01%
YY	C	-0.01%