GLOF vs. QDF ETF Comparison

Comparison of iShares Global Equity Factor ETF (GLOF) to FlexShares Quality Dividend Index Fund (QDF)

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

4,366

Number of Holdings ^*

189

* 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	GLOF	QDF
30 Days	1.47%	1.66%
60 Days	1.03%	2.62%
90 Days	1.65%	4.00%
12 Months	25.88%	26.92%

48 Overlapping Holdings

Symbol	Grade	Weight in GLOF	Weight in QDF	Overlap
AAPL	C	4.28%	8.54%	4.28%
ABBV	D	0.62%	2.58%	0.62%
ACN	C	0.29%	1.93%	0.29%
AFL	B	0.18%	0.62%	0.18%
ALLY	C	0.24%	0.37%	0.24%
AVGO	D	1.19%	0.88%	0.88%
BAC	A	0.22%	0.02%	0.02%
BK	A	0.1%	0.68%	0.1%
BKNG	A	0.77%	0.07%	0.07%
CAT	B	0.04%	0.75%	0.04%
COP	C	0.13%	0.04%	0.04%
COST	B	0.51%	0.24%	0.24%
CTAS	B	0.48%	0.39%	0.39%
EA	A	0.04%	0.58%	0.04%
EBAY	D	0.31%	0.58%	0.31%
GILD	C	0.27%	1.0%	0.27%
GOOG	C	2.61%	1.63%	1.63%
HD	A	0.7%	1.77%	0.7%
INTU	C	0.5%	1.74%	0.5%
JNJ	D	0.6%	3.01%	0.6%
JPM	A	0.94%	0.75%	0.75%
KLAC	D	0.3%	0.76%	0.3%
KO	D	0.2%	2.16%	0.2%
LOW	D	0.65%	1.27%	0.65%
LRCX	F	0.2%	0.87%	0.2%
MA	C	0.52%	0.26%	0.26%
META	D	1.35%	3.1%	1.35%
MPC	D	0.21%	0.54%	0.21%
MRK	F	0.42%	0.45%	0.42%
MSFT	F	4.06%	4.91%	4.06%
NKE	D	0.08%	0.83%	0.08%
NTAP	C	0.12%	0.22%	0.12%
NUE	C	0.2%	0.42%	0.2%
NVDA	C	4.5%	5.81%	4.5%
PAYX	C	0.05%	0.63%	0.05%
PFG	D	0.1%	0.39%	0.1%
PG	A	0.72%	3.03%	0.72%
PM	B	0.27%	1.41%	0.27%
PSA	D	0.2%	0.6%	0.2%
QCOM	F	0.35%	1.68%	0.35%
SBUX	A	0.19%	0.76%	0.19%
TT	A	0.44%	0.43%	0.43%
UNP	C	0.11%	1.24%	0.11%
V	A	0.76%	0.4%	0.4%
VLO	C	0.13%	0.55%	0.13%
WMT	A	0.65%	0.13%	0.13%
WY	D	0.02%	0.42%	0.02%
XOM	B	0.36%	0.5%	0.36%

GLOF Overweight 141 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	C	2.18%
LLY	F	0.73%
UNH	C	0.73%
FTNT	C	0.65%
FICO	B	0.62%
MCK	B	0.61%
PEP	F	0.61%
SYF	B	0.58%
TEAM	A	0.57%
MCD	D	0.53%
AMP	A	0.51%
CDNS	B	0.51%
MSI	B	0.49%
BLDR	D	0.48%
VST	B	0.43%
KR	B	0.42%
AZO	C	0.42%
LII	A	0.42%
ORCL	B	0.4%
DOCU	A	0.39%
BBY	D	0.39%
NOW	A	0.37%
MTD	D	0.37%
TSLA	B	0.37%
BMY	B	0.36%
FERG	B	0.36%
T	A	0.35%
COF	B	0.35%
TXN	C	0.35%
TMO	F	0.34%
MFG	B	0.34%
DELL	C	0.34%
AMAT	F	0.33%
ORLY	B	0.33%
PANW	C	0.33%
IT	C	0.33%
MSCI	C	0.32%
HPE	B	0.32%
TGT	F	0.31%
ELV	F	0.3%
CRWD	B	0.29%
STLD	B	0.29%
MELI	D	0.29%
HPQ	B	0.28%
HOLX	D	0.25%
ABT	B	0.25%
CSCO	B	0.24%
ABNB	C	0.24%
GWW	B	0.24%
ANET	C	0.23%
MUFG	B	0.22%
PHM	D	0.22%
YUM	B	0.22%
SNPS	B	0.22%
PFE	D	0.21%
AXP	A	0.21%
NVR	D	0.2%
DVA	B	0.2%
MOH	F	0.2%
FNF	B	0.2%
AMGN	D	0.2%
SPGI	C	0.2%
DFS	B	0.19%
ADBE	C	0.19%
BRK.A	B	0.19%
LYB	F	0.18%
LIN	D	0.18%
ETN	A	0.18%
EMR	A	0.18%
STT	A	0.18%
VLTO	D	0.17%
MAS	D	0.17%
HUBS	A	0.17%
WFC	A	0.17%
LI	F	0.16%
TRV	B	0.16%
VRTX	F	0.15%
ZS	C	0.14%
HUM	C	0.14%
MRO	B	0.14%
SIRI	C	0.13%
GS	A	0.13%
GEHC	F	0.13%
HSY	F	0.13%
BLK	C	0.12%
URI	B	0.11%
EG	C	0.1%
CVS	D	0.1%
CDW	F	0.1%
VZ	C	0.1%
DTE	C	0.09%
A	D	0.09%
FOXA	B	0.09%
UBER	D	0.09%
SMFG	B	0.09%
DE	A	0.08%
GM	B	0.08%
NWS	B	0.08%
TM	D	0.08%
IBM	C	0.08%
SPG	B	0.08%
DOW	F	0.08%
IDXX	F	0.07%
LULU	C	0.07%
CF	B	0.07%
TJX	A	0.06%
CVX	A	0.06%
ULTA	F	0.06%
CRH	A	0.06%
NDAQ	A	0.06%
LINE	F	0.05%
FWONA	B	0.05%
MDLZ	F	0.05%
PH	A	0.05%
CHTR	C	0.05%
CPNG	D	0.05%
FRT	B	0.04%
DOX	D	0.04%
TSCO	D	0.04%
MCO	B	0.03%
QRVO	F	0.03%
MRNA	F	0.03%
MTCH	D	0.03%
NI	A	0.03%
REG	B	0.03%
WIT	A	0.02%
STX	D	0.02%
OMC	C	0.02%
CSX	B	0.02%
GL	B	0.02%
VICI	C	0.02%
BIIB	F	0.02%
MOS	F	0.02%
VRSN	F	0.02%
MDT	D	0.01%
OKTA	C	0.01%
VEEV	C	0.01%
PCAR	B	0.01%
PLD	D	0.01%
CEG	D	0.01%
DHR	F	0.01%

GLOF Underweight 79 Positions Relative to QDF

Symbol	Grade	Weight
GOOGL	C	-1.84%
ADP	B	-1.11%
MS	A	-0.98%
MO	A	-0.89%
VRT	B	-0.83%
ZTS	D	-0.74%
ITW	B	-0.74%
FAST	B	-0.68%
MMM	D	-0.65%
LMT	D	-0.62%
FIS	C	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-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%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-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%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
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%
HST	C	-0.41%
SWKS	F	-0.4%
LNC	B	-0.39%
RHI	B	-0.38%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
OLN	D	-0.25%
NNN	D	-0.23%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
MAR	B	-0.05%
STNG	F	-0.02%
BBWI	D	-0.01%