GQRE vs. PPTY ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to PPTY U.S. Diversified Real Estate ETF (PPTY)

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

$55.79

Average Daily Volume

12,978

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PPTY

PPTY U.S. Diversified Real Estate ETF

PPTY Description

The investment seeks to track the performance, before fees and expenses, of the PPTYX - U.S. Diversified Real Estate Index¿ (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index. The index was developed in 2017 by the fund's index provider and an affiliate of the fund's sub-adviser, and uses a rules-based methodology to provide diversified exposure to the liquid U.S. real estate market.

Grade (RS Rating)

Last Trade

$30.06

Average Daily Volume

8,064

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	PPTY
30 Days	5.48%	7.04%
60 Days	1.65%	2.63%
90 Days	3.35%	3.21%
12 Months	9.30%	14.58%

45 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in PPTY	Overlap
AIRC	A	0.86%	1.11%	0.86%
AKR	B	0.28%	0.1%	0.1%
AMH	B	1.77%	2.64%	1.77%
APLE	F	0.49%	0.37%	0.37%
AVB	B	4.16%	4.08%	4.08%
BNL	C	0.43%	0.1%	0.1%
BRX	C	1.01%	0.25%	0.25%
CSR	C	0.29%	1.25%	0.29%
CUZ	B	0.54%	1.35%	0.54%
DBRG	F	0.36%	0.67%	0.36%
DLR	C	4.94%	2.85%	2.85%
DRH	F	0.27%	0.21%	0.21%
EGP	F	1.01%	1.13%	1.01%
EPRT	B	0.63%	0.11%	0.11%
EQC	C	0.3%	0.78%	0.3%
EQIX	D	1.69%	3.57%	1.69%
EQR	B	3.59%	3.13%	3.13%
ESRT	C	0.26%	1.33%	0.26%
ESS	B	2.46%	2.08%	2.08%
FR	F	0.95%	0.55%	0.55%
FRT	C	0.44%	1.61%	0.44%
HIW	C	0.42%	1.92%	0.42%
HST	D	1.94%	0.65%	0.65%
IIPR	B	0.45%	1.45%	0.45%
IVT	C	0.28%	0.18%	0.18%
KIM	C	1.92%	1.28%	1.28%
KRC	C	0.55%	2.32%	0.55%
KRG	D	0.7%	0.95%	0.7%
LXP	D	0.36%	0.95%	0.36%
NHI	B	0.43%	0.47%	0.43%
NNN	B	1.15%	0.1%	0.1%
O	C	0.19%	0.1%	0.1%
PECO	F	0.59%	0.76%	0.59%
PLD	F	3.38%	3.4%	3.38%
PSA	C	0.57%	0.82%	0.57%
REG	D	1.38%	1.76%	1.38%
SHO	D	0.3%	0.35%	0.3%
SITC	B	0.4%	0.61%	0.4%
SKT	D	0.44%	1.12%	0.44%
SLG	C	0.49%	0.85%	0.49%
SPG	C	5.4%	2.95%	2.95%
STAG	C	0.96%	1.46%	0.96%
UE	C	0.3%	0.1%	0.1%
VNO	F	0.57%	0.08%	0.08%
WELL	A	0.65%	2.49%	0.65%

GQRE Overweight 13 Positions Relative to PPTY

Symbol	Grade	Weight
IRM	B	3.43%
WY	F	3.38%
AMT	C	2.34%
LAMR	B	1.52%
PK	D	0.5%
PCH	D	0.5%
EPR	C	0.47%
CCI	C	0.32%
JOE	C	0.31%
PEB	C	0.26%
RLJ	F	0.26%
PDM	C	0.24%
HPP	F	0.17%

GQRE Underweight 46 Positions Relative to PPTY

Symbol	Grade	Weight
FCPT	C	-3.35%
DEA	C	-2.86%
TRNO	F	-2.3%
MAA	C	-2.19%
ARE	C	-2.17%
UDR	C	-2.11%
MAR	D	-2.08%
HLT	C	-1.67%
COLD	D	-1.67%
BXP	C	-1.6%
AAT	B	-1.57%
CPT	B	-1.55%
DOC	B	-1.3%
VTR	B	-1.28%
WPC	C	-1.26%
AHH	C	-1.09%
SUI	F	-0.94%
INVH	B	-0.94%
GTY	C	-0.85%
H	D	-0.76%
ELS	D	-0.7%
EXR	C	-0.61%
OHI	C	-0.6%
ADC	C	-0.56%
NTST	C	-0.55%
RHP	D	-0.5%
CHH	D	-0.45%
WH	F	-0.44%
CTRE	C	-0.42%
DEI	C	-0.34%
LTC	B	-0.32%
NHC	B	-0.31%
SBRA	C	-0.3%
CUBE	C	-0.29%
CHCT	F	-0.28%
JBGS	F	-0.27%
UMH	B	-0.27%
NSA	C	-0.22%
ALEX	C	-0.17%
REXR	F	-0.13%
AIV	C	-0.11%
IRT	C	-0.11%
ROIC	D	-0.09%
PLYM	D	-0.09%
BFS	C	-0.09%
GMRE	D	-0.08%