FLCV vs. QDF ETF Comparison

Comparison of Trust Federated Hermes MDT Large Cap Value ETF (FLCV) to FlexShares Quality Dividend Index Fund (QDF)

FLCV

Trust Federated Hermes MDT Large Cap Value ETF

FLCV Description

The fund seeks to achieve its objective by investing primarily in the common stock of large-cap U.S. companies undervalued relative to the market. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in a mix of large-cap and value investments. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$28.91

Average Daily Volume

2,185

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	FLCV	QDF
30 Days	5.48%	1.66%
60 Days	7.84%	2.62%
90 Days	10.69%	4.00%
12 Months		26.92%

26 Overlapping Holdings

Symbol	Grade	Weight in FLCV	Weight in QDF	Overlap
ABBV	D	2.06%	2.58%	2.06%
BK	A	1.47%	0.68%	0.68%
BPOP	B	0.72%	0.48%	0.48%
CAT	B	0.82%	0.75%	0.75%
CHRW	C	0.05%	0.55%	0.05%
CL	D	1.4%	0.15%	0.15%
DVN	F	0.83%	0.46%	0.46%
EA	A	1.27%	0.58%	0.58%
EBAY	D	0.45%	0.58%	0.45%
EIX	B	0.15%	0.34%	0.15%
GILD	C	1.65%	1.0%	1.0%
JNJ	D	2.32%	3.01%	2.32%
JPM	A	0.99%	0.75%	0.75%
MMM	D	0.04%	0.65%	0.04%
MPC	D	0.83%	0.54%	0.54%
MRK	F	0.16%	0.45%	0.16%
NTAP	C	0.27%	0.22%	0.22%
NUE	C	0.48%	0.42%	0.42%
PAYC	B	0.16%	0.16%	0.16%
PFG	D	0.14%	0.39%	0.14%
PM	B	2.44%	1.41%	1.41%
PRU	A	2.52%	0.61%	0.61%
QCOM	F	0.82%	1.68%	0.82%
TT	A	1.29%	0.43%	0.43%
UNP	C	1.22%	1.24%	1.22%
ZTS	D	0.32%	0.74%	0.32%

FLCV Overweight 94 Positions Relative to QDF

Symbol	Grade	Weight
VLTO	D	2.54%
AMP	A	2.5%
GDDY	A	2.48%
IBKR	A	2.24%
GEV	B	2.01%
KMB	D	1.9%
TRV	B	1.84%
FTNT	C	1.82%
EXC	C	1.63%
EOG	A	1.57%
LNG	B	1.5%
STT	A	1.49%
PGR	A	1.47%
ALSN	B	1.47%
OTIS	C	1.43%
PPG	F	1.35%
HPE	B	1.3%
APP	B	1.28%
NTNX	A	1.27%
SLG	B	1.26%
SBAC	D	1.22%
HIG	B	1.18%
ICE	C	1.18%
SN	D	1.16%
KR	B	1.16%
NTRS	A	1.14%
KRC	C	1.13%
ZM	B	1.12%
UNH	C	1.1%
TDG	D	1.08%
WM	A	1.07%
GAP	C	0.96%
INCY	C	0.94%
AON	A	0.88%
BRK.A	B	0.87%
ILMN	D	0.86%
CMCSA	B	0.86%
BERY	B	0.85%
WFC	A	0.85%
ELAN	D	0.81%
NEM	D	0.78%
ABT	B	0.76%
CVX	A	0.75%
RCL	A	0.74%
PEP	F	0.73%
AMGN	D	0.68%
PVH	C	0.66%
AAP	C	0.62%
T	A	0.59%
VST	B	0.56%
ED	D	0.55%
MAN	D	0.55%
FMC	D	0.54%
CAH	B	0.52%
TJX	A	0.46%
PSX	C	0.46%
WEC	A	0.42%
ELV	F	0.41%
CRBG	B	0.37%
BIIB	F	0.34%
CI	F	0.33%
CNC	D	0.32%
FNF	B	0.32%
GE	D	0.31%
OMC	C	0.3%
TFX	F	0.27%
TAP	C	0.26%
IBM	C	0.26%
REGN	F	0.25%
DXC	B	0.23%
AA	B	0.23%
ETN	A	0.23%
HUM	C	0.22%
CEG	D	0.2%
PNR	A	0.18%
XRAY	F	0.18%
GLPI	C	0.18%
NOC	D	0.16%
MCD	D	0.16%
GM	B	0.15%
VZ	C	0.15%
DTM	B	0.13%
UAL	A	0.12%
DUK	C	0.11%
HCA	F	0.1%
AGCO	D	0.1%
ACGL	D	0.09%
FTI	A	0.08%
SNX	C	0.07%
DIS	B	0.05%
LDOS	C	0.05%
QRVO	F	0.03%
TGT	F	0.03%
ALNY	D	0.03%

FLCV Underweight 101 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	C	-5.81%
MSFT	F	-4.91%
META	D	-3.1%
PG	A	-3.03%
KO	D	-2.16%
ACN	C	-1.93%
GOOGL	C	-1.84%
HD	A	-1.77%
INTU	C	-1.74%
GOOG	C	-1.63%
LOW	D	-1.27%
ADP	B	-1.11%
MS	A	-0.98%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	D	-0.83%
SBUX	A	-0.76%
KLAC	D	-0.76%
ITW	B	-0.74%
FAST	B	-0.68%
PAYX	C	-0.63%
LMT	D	-0.62%
FIS	C	-0.62%
AFL	B	-0.62%
PEG	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
PSA	D	-0.6%
D	C	-0.59%
AVB	B	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
WDFC	B	-0.47%
FAF	A	-0.47%
IPG	D	-0.45%
MCHP	D	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
CFR	B	-0.42%
EVRG	A	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	B	-0.39%
RHI	B	-0.38%
ALLY	C	-0.37%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
MA	C	-0.26%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
COR	B	-0.14%
WMT	A	-0.13%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	D	-0.01%