GQRE vs. BBRE ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

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

$55.48

Average Daily Volume

13,543

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$87.07

Average Daily Volume

14,609

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	BBRE
30 Days	4.93%	6.77%
60 Days	-1.32%	-0.63%
90 Days	3.16%	1.52%
12 Months	9.58%	11.17%

51 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in BBRE	Overlap
AIRC	A	0.83%	0.58%	0.58%
AKR	C	0.28%	0.17%	0.17%
AMH	C	1.74%	1.14%	1.14%
APLE	D	0.48%	0.33%	0.33%
AVB	A	4.12%	2.75%	2.75%
BNL	B	0.43%	0.27%	0.27%
BRX	B	0.99%	0.66%	0.66%
CSR	A	0.29%	0.11%	0.11%
CUZ	B	0.53%	0.37%	0.37%
DLR	D	4.98%	4.11%	4.11%
DRH	F	0.27%	0.18%	0.18%
EGP	D	1.02%	0.71%	0.71%
EPR	C	0.48%	0.32%	0.32%
EPRT	A	0.62%	0.39%	0.39%
EQC	B	0.3%	0.22%	0.22%
EQIX	D	1.9%	7.17%	1.9%
EQR	A	3.55%	2.39%	2.39%
ESRT	C	0.26%	0.14%	0.14%
ESS	A	2.49%	1.69%	1.69%
FR	D	0.94%	0.63%	0.63%
FRT	C	0.43%	0.75%	0.43%
HIW	B	0.41%	0.29%	0.29%
HPP	F	0.18%	0.08%	0.08%
HST	D	1.94%	1.32%	1.32%
IIPR	C	0.47%	0.3%	0.3%
IRM	C	3.51%	2.28%	2.28%
IVT	C	0.27%	0.17%	0.17%
KIM	B	1.89%	1.29%	1.29%
KRC	D	0.56%	0.37%	0.37%
KRG	C	0.68%	0.46%	0.46%
LXP	D	0.37%	0.25%	0.25%
NHI	A	0.43%	0.29%	0.29%
NNN	A	1.14%	0.77%	0.77%
O	B	0.19%	4.15%	0.19%
PDM	B	0.25%	0.09%	0.09%
PEB	D	0.27%	0.2%	0.2%
PECO	F	0.56%	0.39%	0.39%
PK	D	0.5%	0.36%	0.36%
PLD	D	3.44%	9.84%	3.44%
PSA	C	0.59%	4.07%	0.59%
REG	D	1.38%	1.0%	1.0%
RLJ	F	0.26%	0.17%	0.17%
SHO	D	0.3%	0.22%	0.22%
SITC	D	0.4%	0.27%	0.27%
SKT	D	0.42%	0.3%	0.3%
SLG	B	0.5%	0.35%	0.35%
SPG	D	5.29%	4.43%	4.43%
STAG	D	0.97%	0.64%	0.64%
UE	B	0.3%	0.21%	0.21%
VNO	F	0.59%	0.4%	0.4%
WELL	A	0.65%	4.82%	0.65%

GQRE Overweight 7 Positions Relative to BBRE

Symbol	Grade	Weight
WY	D	3.33%
AMT	D	2.45%
LAMR	A	1.52%
PCH	D	0.51%
CCI	D	0.33%
DBRG	F	0.33%
JOE	B	0.3%

GQRE Underweight 62 Positions Relative to BBRE

Symbol	Grade	Weight
EXR	C	-3.1%
VICI	B	-2.85%
INVH	B	-2.12%
VTR	B	-1.9%
ARE	D	-1.88%
MAA	B	-1.57%
SUI	D	-1.46%
DOC	A	-1.36%
UDR	B	-1.27%
WPC	B	-1.22%
GLPI	D	-1.15%
ELS	D	-1.11%
CPT	B	-1.08%
CUBE	D	-0.95%
BXP	D	-0.94%
REXR	D	-0.82%
OHI	C	-0.72%
COLD	D	-0.64%
RHP	D	-0.55%
ADC	B	-0.54%
TRNO	D	-0.42%
IRT	B	-0.38%
MPW	C	-0.34%
MAC	D	-0.34%
SBRA	B	-0.34%
NSA	C	-0.32%
DEI	B	-0.26%
CTRE	C	-0.25%
FCPT	B	-0.21%
XHR	C	-0.17%
ROIC	D	-0.16%
GNL	C	-0.15%
JBGS	F	-0.15%
LTC	A	-0.14%
ALEX	B	-0.13%
AIV	C	-0.13%
GTY	B	-0.12%
AAT	B	-0.12%
DEA	B	-0.11%
SVC	F	-0.1%
NTST	B	-0.1%
NXRT	B	-0.09%
UMH	B	-0.09%
BDN	B	-0.09%
PGRE	B	-0.09%
PLYM	D	-0.09%
AHH	B	-0.08%
INN	F	-0.07%
ALX	B	-0.06%
BFS	C	-0.06%
GMRE	C	-0.06%
CHCT	F	-0.06%
FPI	B	-0.06%
GOOD	A	-0.06%
WSR	B	-0.06%
OLP	A	-0.05%
CLDT	F	-0.05%
LAND	C	-0.05%
UHT	C	-0.05%
PKST	D	-0.03%
DHC	F	-0.03%
CBL	D	-0.03%