GQRE vs. HSMV ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

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

$60.68

Average Daily Volume

18,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	HSMV
30 Days	-0.92%	3.72%
60 Days	-2.23%	5.02%
90 Days	0.75%	5.82%
12 Months	21.78%	26.13%

11 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in HSMV	Overlap
ADC	A	1.02%	1.29%	1.02%
AMH	C	1.67%	1.21%	1.21%
CUBE	C	1.45%	0.24%	0.24%
EPR	C	0.45%	0.79%	0.45%
EPRT	B	0.77%	0.63%	0.63%
FR	D	0.94%	0.44%	0.44%
IRT	A	0.63%	0.22%	0.22%
LAMR	C	1.5%	0.43%	0.43%
NNN	C	1.04%	0.99%	0.99%
NSA	C	0.4%	0.13%	0.13%
SBRA	C	0.57%	0.58%	0.57%

GQRE Overweight 52 Positions Relative to HSMV

Symbol	Grade	Weight
SPG	A	5.85%
DLR	B	5.76%
AVB	B	4.37%
EQR	C	3.36%
PLD	F	2.99%
ESS	B	2.62%
VICI	C	2.46%
AMT	C	2.37%
KIM	A	2.25%
UDR	B	1.88%
EQIX	A	1.74%
CPT	B	1.73%
HST	C	1.66%
REG	A	1.59%
WELL	A	1.42%
VNO	C	0.91%
STAG	D	0.89%
KRG	B	0.8%
IRM	C	0.69%
SLG	B	0.66%
CUZ	B	0.64%
PSA	C	0.64%
KRC	B	0.6%
SKT	A	0.52%
APLE	B	0.47%
HIW	C	0.46%
NHI	D	0.45%
WY	F	0.43%
BNL	D	0.43%
PK	C	0.42%
HASI	D	0.42%
O	C	0.41%
IIPR	D	0.4%
UE	B	0.38%
AKR	B	0.35%
IVT	A	0.3%
EQC	B	0.29%
LTC	B	0.28%
SHO	D	0.28%
XHR	B	0.28%
DBRG	F	0.28%
AAT	B	0.26%
ALEX	B	0.26%
DRH	B	0.26%
PDM	D	0.26%
ESRT	C	0.26%
CSR	B	0.24%
JOE	F	0.24%
RLJ	C	0.24%
NXRT	B	0.24%
CCI	C	0.19%
HPP	F	0.16%

GQRE Underweight 136 Positions Relative to HSMV

Symbol	Grade	Weight
ATR	B	-2.16%
DTM	A	-1.97%
SEIC	B	-1.86%
INGR	C	-1.74%
ORI	A	-1.69%
CACI	D	-1.62%
IDA	A	-1.59%
OGE	A	-1.57%
CTRE	C	-1.53%
POST	C	-1.53%
MSGS	A	-1.41%
RLI	A	-1.38%
DCI	B	-1.34%
FHI	B	-1.23%
AM	A	-1.19%
NJR	A	-1.19%
CHE	D	-1.15%
NFG	A	-1.14%
FLO	D	-1.12%
OHI	C	-1.11%
NWE	B	-1.09%
AFG	A	-1.08%
POR	C	-1.06%
GGG	B	-1.02%
MMS	F	-1.01%
GNTX	C	-0.98%
NYT	D	-0.97%
GLPI	C	-0.96%
EHC	B	-0.92%
KBR	F	-0.91%
DLB	B	-0.88%
BKH	A	-0.87%
FCPT	C	-0.82%
ELS	C	-0.81%
MSA	F	-0.81%
CBSH	B	-0.81%
LSTR	D	-0.78%
IDCC	B	-0.77%
PRI	B	-0.76%
LOPE	C	-0.76%
ENSG	C	-0.75%
EFC	C	-0.75%
PBH	A	-0.74%
PECO	A	-0.73%
SF	B	-0.73%
AWR	B	-0.72%
CW	C	-0.72%
AVA	A	-0.72%
OGS	A	-0.69%
CDP	C	-0.67%
RNR	C	-0.66%
ESNT	F	-0.66%
SLGN	A	-0.66%
RPM	A	-0.66%
RGA	A	-0.65%
JHG	B	-0.65%
CPK	A	-0.64%
AGO	B	-0.64%
EGP	D	-0.63%
AMG	B	-0.62%
SCI	B	-0.61%
MDU	D	-0.61%
PRGS	A	-0.59%
FELE	B	-0.57%
ACM	B	-0.57%
GATX	A	-0.56%
COLM	C	-0.55%
RS	B	-0.55%
CHH	A	-0.55%
MTG	C	-0.54%
NMIH	C	-0.54%
BCPC	B	-0.53%
FLS	B	-0.52%
CWT	C	-0.51%
FCN	F	-0.5%
AVT	C	-0.5%
LANC	C	-0.49%
FNF	B	-0.49%
EPC	F	-0.49%
BRX	A	-0.47%
MSM	C	-0.47%
BWXT	B	-0.47%
MUSA	B	-0.46%
ARW	D	-0.46%
CHDN	B	-0.45%
JEF	A	-0.45%
PFGC	B	-0.45%
CNO	B	-0.44%
SAIC	F	-0.44%
PB	B	-0.44%
BLKB	B	-0.42%
ENR	B	-0.42%
RYN	D	-0.41%
CLH	C	-0.4%
RDN	D	-0.39%
EXEL	B	-0.39%
ITT	A	-0.38%
FNB	A	-0.38%
FAF	A	-0.38%
BJ	A	-0.37%
ABM	B	-0.37%
EVR	B	-0.36%
G	B	-0.36%
ASH	F	-0.36%
GPK	C	-0.36%
IOSP	C	-0.36%
JAZZ	B	-0.35%
LXP	D	-0.35%
COOP	B	-0.35%
LECO	C	-0.35%
JJSF	C	-0.33%
RGLD	C	-0.33%
CSL	C	-0.33%
MAN	F	-0.32%
ONB	C	-0.32%
KEX	B	-0.31%
R	B	-0.3%
OSK	C	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
KFY	B	-0.29%
AGCO	D	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
PLXS	B	-0.27%
ORA	B	-0.27%
HRB	D	-0.26%
LFUS	D	-0.25%
CASY	A	-0.25%
LII	A	-0.25%
AIN	C	-0.24%
HXL	F	-0.23%
FSS	B	-0.23%
CRI	F	-0.21%
PCH	F	-0.19%
REXR	F	-0.19%