XSHQ vs. GQRE ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to FlexShares Global Quality Real Estate Index Fund (GQRE)

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$42.34

Average Daily Volume

87,921

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally 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 its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$57.90

Average Daily Volume

12,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	GQRE
30 Days	11.22%	6.45%
60 Days	8.07%	6.39%
90 Days	10.95%	7.10%
12 Months	14.29%	10.77%

1 Overlapping Holdings

	Symbol	Grade	Weight in XSHQ	Weight in GQRE	Overlap
	UE	B	0.74%	0.34%	0.34%

XSHQ Overweight 114 Positions Relative to GQRE

Symbol	Grade	Weight
MLI	B	3.45%
JXN	B	2.73%
AWI	B	2.32%
IBP	C	2.25%
APAM	C	2.05%
ALKS	B	2.0%
BMI	B	1.94%
FSS	B	1.81%
LNC	B	1.72%
KTB	A	1.72%
BCC	C	1.69%
PJT	B	1.63%
JBT	D	1.6%
WDFC	B	1.56%
BCPC	B	1.56%
SM	D	1.53%
RDN	B	1.52%
MHO	B	1.46%
AMR	F	1.43%
SIG	F	1.38%
ASO	F	1.35%
AX	C	1.31%
FELE	B	1.3%
CORT	B	1.29%
FBP	B	1.26%
HP	C	1.25%
AEO	D	1.23%
AGO	C	1.19%
CEIX	D	1.17%
OTTR	B	1.17%
CRVL	B	1.14%
FTDR	B	1.12%
CNS	B	1.11%
BRC	A	1.1%
GMS	C	1.08%
TBBK	B	1.08%
AGYS	B	1.07%
NMIH	C	1.03%
ARCH	F	0.97%
IDCC	A	0.94%
CATY	B	0.92%
LCII	C	0.9%
SHOO	C	0.88%
IOSP	C	0.88%
ROCK	D	0.83%
DORM	B	0.8%
PATK	B	0.8%
WOR	F	0.77%
EPAC	B	0.76%
PLMR	B	0.75%
YELP	F	0.75%
TNC	C	0.72%
IPAR	B	0.71%
OFG	B	0.69%
ANDE	C	0.69%
ASTH	B	0.68%
DFIN	C	0.67%
CASH	B	0.67%
POWL	C	0.66%
BKE	B	0.63%
STAA	D	0.61%
PDCO	C	0.61%
CENTA	D	0.6%
SXI	B	0.59%
APOG	B	0.59%
KLG	D	0.57%
PRG	B	0.56%
GRBK	B	0.54%
CHCO	B	0.54%
WABC	C	0.54%
NHC	B	0.53%
LKFN	C	0.53%
HWKN	A	0.52%
OXM	D	0.5%
AMWD	B	0.49%
VRTS	D	0.49%
LPG	D	0.49%
WS	C	0.49%
BANF	B	0.49%
FIZZ	C	0.49%
PLAB	F	0.48%
COLL	B	0.48%
DNOW	B	0.47%
CENX	D	0.46%
CAL	B	0.45%
MCY	A	0.45%
GIII	D	0.45%
WNC	F	0.41%
LNN	B	0.4%
GDEN	C	0.4%
HRMY	C	0.4%
PFBC	C	0.4%
ATEN	F	0.39%
CSGS	C	0.39%
JBSS	B	0.38%
AMSF	C	0.37%
MCRI	B	0.35%
EIG	B	0.34%
SLCA	B	0.33%
TILE	C	0.31%
REX	B	0.31%
PCRX	F	0.29%
CVI	D	0.28%
HCI	D	0.27%
IIIN	C	0.27%
CLW	B	0.25%
CCRN	C	0.23%
MNRO	B	0.21%
SLP	D	0.19%
GES	C	0.18%
RES	C	0.16%
LQDT	B	0.15%
USNA	F	0.13%
NPK	C	0.12%

XSHQ Underweight 60 Positions Relative to GQRE

Symbol	Grade	Weight
SPG	A	-5.38%
DLR	B	-4.92%
AVB	A	-4.25%
EQR	A	-3.71%
PLD	B	-3.35%
WY	B	-3.33%
AMT	A	-2.69%
ESS	A	-2.65%
IRM	A	-2.3%
VICI	A	-2.09%
KIM	A	-2.08%
HST	F	-1.79%
AMH	C	-1.67%
EQIX	B	-1.62%
LAMR	B	-1.53%
REG	A	-1.47%
NNN	A	-1.21%
BRX	A	-1.07%
STAG	A	-1.06%
FR	A	-1.03%
WELL	A	-0.84%
KRG	A	-0.77%
VNO	B	-0.69%
EPRT	B	-0.68%
PSA	B	-0.61%
SLG	B	-0.6%
CUZ	A	-0.6%
KRC	C	-0.58%
SBRA	B	-0.55%
NSA	C	-0.5%
BNL	B	-0.49%
IIPR	B	-0.49%
EPR	A	-0.49%
APLE	C	-0.48%
NHI	A	-0.47%
HIW	A	-0.47%
PK	F	-0.45%
SITC	B	-0.43%
SKT	A	-0.43%
AKR	B	-0.33%
DBRG	C	-0.33%
JOE	B	-0.32%
EQC	A	-0.31%
PDM	A	-0.29%
ESRT	B	-0.29%
ALEX	A	-0.29%
LTC	B	-0.29%
SHO	D	-0.29%
O	A	-0.29%
NXRT	A	-0.28%
IVT	A	-0.28%
AAT	B	-0.27%
XHR	D	-0.26%
CSR	A	-0.25%
RLJ	F	-0.25%
DRH	F	-0.25%
HPP	C	-0.24%
PEB	F	-0.24%
INN	B	-0.23%
CCI	A	-0.23%