SHRT vs. QLC ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to FlexShares US Quality Large Cap Index Fund (QLC)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.69

Average Daily Volume

2,415

Number of Holdings ^*

219

* may have additional holdings in another (foreign) market

QLC

FlexShares US Quality Large Cap Index Fund

QLC Description

FlexShares Trust - FlexShares US Quality Large Cap Index Fund is an exchange traded fund launched by Northern Trust Corporation. The fund is managed by Northern Trust Investments, Incorporated. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of large-cap companies. The fund seeks to track the performance of the Northern Trust Quality Large Cap Index, by employing representative sampling methodology. FlexShares Trust - FlexShares US Quality Large Cap Index Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$67.23

Average Daily Volume

42,261

Number of Holdings ^*

164

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	QLC
30 Days	-6.11%	2.18%
60 Days	-7.13%	6.26%
90 Days	-7.13%	7.27%
12 Months	-5.90%	35.27%

30 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in QLC	Overlap
AMAT	F	1.5%	0.74%	0.74%
AOS	F	0.03%	0.08%	0.03%
CI	D	0.23%	0.74%	0.23%
CL	F	0.6%	0.32%	0.32%
COR	B	0.02%	0.57%	0.02%
DVA	C	0.02%	0.35%	0.02%
EBAY	C	0.07%	0.47%	0.07%
EME	B	0.11%	0.12%	0.11%
GE	D	0.02%	0.98%	0.02%
GEHC	D	0.03%	0.08%	0.03%
HOLX	D	0.55%	0.2%	0.2%
IDXX	F	0.76%	0.18%	0.18%
KLAC	F	0.77%	0.7%	0.7%
LRCX	F	1.72%	0.78%	0.78%
LYB	F	0.54%	0.11%	0.11%
MAS	D	0.18%	0.24%	0.18%
MEDP	D	0.02%	0.02%	0.02%
MO	A	0.75%	0.28%	0.28%
MPC	D	0.64%	0.52%	0.52%
MTD	F	0.16%	0.34%	0.16%
NRG	C	1.68%	0.48%	0.48%
OXY	F	0.17%	0.21%	0.17%
QCOM	F	0.06%	0.69%	0.06%
REGN	F	0.08%	0.07%	0.07%
SYK	A	0.17%	0.04%	0.04%
TGT	C	1.93%	0.06%	0.06%
THC	B	1.66%	0.15%	0.15%
UPS	C	0.75%	0.36%	0.36%
UTHR	B	0.16%	0.15%	0.15%
WSM	F	0.29%	0.13%	0.13%

SHRT Overweight 189 Positions Relative to QLC

Symbol	Grade	Weight
LPX	A	1.95%
GM	B	1.68%
FMC	F	1.54%
MU	D	1.5%
CHWY	B	1.48%
DVN	F	1.48%
MTZ	B	1.42%
CRUS	F	1.28%
SWKS	F	1.19%
MIDD	D	1.13%
MUR	D	1.12%
ELAN	C	1.12%
RGEN	C	1.0%
RVTY	C	0.99%
TMO	F	0.98%
TSN	B	0.97%
QGEN	D	0.96%
BDX	F	0.95%
PPC	C	0.95%
MRO	B	0.95%
QRVO	F	0.89%
BWA	B	0.8%
ALKS	C	0.78%
JBHT	C	0.78%
AXTA	A	0.77%
UHS	D	0.76%
SMG	D	0.76%
MKSI	C	0.75%
TKO	D	0.74%
ENPH	F	0.71%
AVTR	F	0.71%
HALO	C	0.71%
CHTR	B	0.71%
WDAY	B	0.7%
CTLT	D	0.69%
BIIB	F	0.69%
WAT	B	0.69%
FCX	F	0.69%
NOC	D	0.68%
WBA	D	0.68%
J	D	0.66%
LII	B	0.65%
D	D	0.64%
WDC	D	0.63%
MOH	F	0.63%
STX	D	0.61%
MATX	B	0.59%
XRAY	F	0.59%
ICUI	D	0.57%
ADMA	C	0.56%
INGR	B	0.56%
BALL	D	0.54%
NWSA	B	0.54%
POST	D	0.52%
ISRG	A	0.5%
EL	F	0.49%
KMX	B	0.48%
GRMN	A	0.48%
NSC	B	0.46%
RRX	B	0.43%
IQV	F	0.43%
SWK	F	0.42%
UNP	D	0.42%
LHX	B	0.41%
PFE	F	0.39%
FSS	C	0.38%
CCK	D	0.38%
AVNT	B	0.37%
H	B	0.37%
MSGS	B	0.37%
SCCO	F	0.35%
ZBRA	B	0.33%
ECL	C	0.33%
TRU	D	0.32%
MMS	F	0.32%
GFS	C	0.31%
SLGN	B	0.31%
GD	C	0.31%
DAR	B	0.3%
LTH	D	0.3%
TPX	B	0.28%
ASH	F	0.27%
ZTS	D	0.26%
HAS	D	0.26%
BMRN	F	0.26%
ONTO	F	0.26%
QLYS	B	0.25%
JAZZ	B	0.24%
CMC	B	0.24%
COTY	D	0.24%
UI	B	0.22%
GOLF	B	0.22%
NCLH	B	0.22%
TWLO	B	0.22%
CROX	F	0.22%
BAH	C	0.21%
LKQ	C	0.21%
TT	B	0.21%
PNR	A	0.2%
VMI	B	0.2%
LEVI	F	0.2%
CRS	B	0.19%
EFX	F	0.19%
NFG	D	0.19%
ALLE	D	0.19%
MRVL	B	0.18%
SGBX	F	0.17%
TYL	B	0.17%
COKE	C	0.15%
NBIX	C	0.15%
WFG	C	0.14%
CLX	A	0.14%
CCL	B	0.13%
CNX	B	0.13%
ROST	D	0.13%
TXRH	A	0.13%
IGT	F	0.12%
SWX	B	0.12%
VLTO	D	0.12%
GNRC	B	0.12%
FIX	B	0.11%
VMC	B	0.11%
EOG	A	0.11%
PSN	C	0.1%
IPG	F	0.1%
GDDY	B	0.1%
EXEL	B	0.1%
APPF	B	0.1%
CNI	F	0.1%
CHDN	B	0.1%
RKLB	B	0.09%
FLS	B	0.09%
CSX	B	0.09%
IAC	F	0.09%
CF	B	0.09%
ACIW	B	0.09%
OVV	C	0.09%
SM	C	0.09%
TFX	F	0.09%
STE	D	0.08%
ESI	B	0.07%
FCN	F	0.07%
ALGN	D	0.06%
VRSN	C	0.06%
SYY	D	0.06%
NOV	C	0.05%
AIT	A	0.05%
TPL	B	0.05%
A	F	0.05%
KWR	C	0.05%
STZ	D	0.05%
BPMC	C	0.04%
TTC	F	0.04%
AWI	B	0.04%
SLB	C	0.04%
OGN	F	0.03%
HES	B	0.03%
SITM	B	0.03%
KTB	A	0.03%
BIO	C	0.03%
SHAK	C	0.03%
CVLT	B	0.03%
BCPC	B	0.03%
WLK	F	0.03%
TER	F	0.02%
DNB	B	0.02%
WFRD	F	0.02%
INFA	F	0.02%
ITRI	B	0.02%
BFAM	F	0.02%
BLDR	C	0.02%
BMI	B	0.02%
KEX	A	0.02%
R	B	0.01%
EHC	B	0.01%
ZBH	C	0.01%
CHX	C	0.01%
OPCH	F	0.01%
SNDR	B	0.01%
RSG	B	0.01%
COLM	B	0.01%
APG	C	0.01%
DTM	A	0.01%
SSNC	C	0.01%
ACLX	C	0.0%
RUSHA	B	0.0%
SKY	B	0.0%
DG	F	0.0%
OLN	F	0.0%

SHRT Underweight 134 Positions Relative to QLC

Symbol	Grade	Weight
AAPL	C	-7.42%
NVDA	A	-6.66%
MSFT	C	-4.67%
GOOGL	C	-2.89%
GOOG	C	-2.86%
META	B	-2.43%
AMZN	A	-2.36%
BRK.A	B	-2.27%
JPM	A	-1.99%
AVGO	C	-1.84%
JNJ	D	-1.47%
BAC	A	-1.42%
CSCO	A	-1.24%
LLY	F	-1.24%
C	B	-1.23%
PG	C	-1.23%
ORCL	A	-1.13%
INTU	A	-1.05%
CAT	B	-0.95%
MRK	F	-0.92%
SO	D	-0.83%
ADBE	C	-0.79%
CMCSA	B	-0.78%
MCK	B	-0.76%
T	A	-0.75%
ITW	B	-0.75%
TSLA	B	-0.72%
COF	B	-0.71%
FICO	B	-0.69%
ACN	B	-0.67%
LDOS	C	-0.66%
NFLX	A	-0.66%
GS	B	-0.66%
HD	B	-0.65%
MS	A	-0.65%
BK	B	-0.65%
GWW	B	-0.64%
ETR	B	-0.64%
CBRE	B	-0.64%
BKNG	A	-0.64%
SPG	A	-0.62%
AMGN	F	-0.61%
LMT	D	-0.6%
AFL	C	-0.59%
PEG	C	-0.57%
NVR	D	-0.55%
AZO	B	-0.55%
AVB	B	-0.55%
PPL	A	-0.54%
SYF	B	-0.54%
MET	C	-0.52%
ESS	C	-0.52%
PM	B	-0.52%
ADI	D	-0.51%
VLO	C	-0.51%
APP	B	-0.51%
ED	D	-0.5%
AIG	B	-0.5%
STLD	C	-0.49%
FTNT	B	-0.48%
PSA	D	-0.48%
KR	A	-0.47%
CHKP	C	-0.46%
LOW	B	-0.45%
HST	D	-0.45%
STT	B	-0.43%
EQR	C	-0.43%
WY	F	-0.43%
KMB	D	-0.42%
OMC	A	-0.41%
BMY	B	-0.41%
NUE	D	-0.41%
WFC	A	-0.41%
RMD	C	-0.4%
RCL	A	-0.39%
EXPD	C	-0.38%
MELI	D	-0.37%
EXC	C	-0.36%
CSL	B	-0.35%
GIS	F	-0.35%
CTSH	A	-0.35%
ALLY	C	-0.34%
FIS	B	-0.34%
LH	B	-0.33%
DELL	C	-0.32%
CNC	F	-0.3%
PCAR	B	-0.3%
CMI	A	-0.29%
JBL	C	-0.28%
WAB	B	-0.28%
PRU	B	-0.27%
EA	A	-0.27%
FITB	A	-0.26%
TAP	B	-0.26%
MCHP	F	-0.25%
MMM	C	-0.25%
DASH	A	-0.24%
PHM	D	-0.23%
ABBV	F	-0.22%
EIX	C	-0.21%
CAH	B	-0.21%
ABNB	C	-0.21%
HOOD	B	-0.2%
HCA	D	-0.19%
IT	B	-0.19%
NTAP	D	-0.18%
DFS	B	-0.18%
BBY	C	-0.18%
PSX	C	-0.18%
GILD	B	-0.17%
FI	A	-0.17%
PAYX	B	-0.16%
ICLR	F	-0.15%
ABT	C	-0.13%
MANH	C	-0.12%
ELV	F	-0.12%
CRBG	C	-0.09%
LEN	D	-0.09%
FLEX	B	-0.08%
CE	F	-0.08%
ZM	B	-0.06%
EXPE	B	-0.05%
ADP	A	-0.05%
CRM	B	-0.04%
DHR	F	-0.04%
EVRG	A	-0.03%
SMCI	F	-0.03%
JLL	C	-0.03%
ROP	A	-0.03%
ADM	F	-0.02%
MAA	C	-0.02%
TXT	D	-0.02%
EMR	A	-0.02%
LAMR	D	-0.02%