QLVE vs. VIDI ETF Comparison

Comparison of FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) to Vident International Equity Fund (VIDI)

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

$27.12

Average Daily Volume

1,104

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VIDI

Vident International Equity Fund

VIDI Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident International Equity IndexTM (the "index"). The index is a rules-based, systematic strategy index comprised of equity securities of issuers in developed and emerging markets outside of the United States. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.95

Average Daily Volume

26,749

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVE	VIDI
30 Days	4.66%	4.57%
60 Days	8.93%	10.59%
90 Days	7.83%	5.83%
12 Months	25.13%	24.47%

3 Overlapping Holdings

Symbol	Grade	Weight in QLVE	Weight in VIDI	Overlap
BAP	B	0.88%	0.51%	0.51%
KT	C	0.51%	0.55%	0.51%
SKM	C	0.78%	0.51%	0.51%

QLVE Overweight 10 Positions Relative to VIDI

Symbol	Grade	Weight
BABA	A	2.69%
CHT	C	0.92%
PDD	D	0.76%
IBN	C	0.67%
HDB	C	0.45%
NTES	C	0.43%
UMC	D	0.19%
VALE	C	0.19%
BIDU	C	0.03%
TCOM	B	0.02%

QLVE Underweight 16 Positions Relative to VIDI

Symbol	Grade	Weight
MDT	A	-0.62%
AER	C	-0.56%
ALKS	C	-0.55%
JAZZ	F	-0.55%
ZIM	B	-0.53%
CB	A	-0.53%
ICLR	F	-0.52%
JHG	C	-0.5%
NVS	D	-0.5%
HAFN	D	-0.48%
AKO.A	D	-0.47%
GES	F	-0.41%
STLA	F	-0.4%
PAGS	F	-0.32%
INMD	F	-0.18%
TEL	D	-0.18%