GQRE vs. RWR ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to SPDR DJ Wilshire REIT ETF (RWR)

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

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.56

Average Daily Volume

328,265

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	RWR
30 Days	-0.92%	0.48%
60 Days	-2.23%	-0.61%
90 Days	0.75%	2.23%
12 Months	21.78%	27.65%

51 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in RWR	Overlap
AAT	B	0.26%	0.13%	0.13%
ADC	A	1.02%	0.75%	0.75%
AKR	B	0.35%	0.25%	0.25%
ALEX	B	0.26%	0.14%	0.14%
AMH	C	1.67%	1.16%	1.16%
APLE	B	0.47%	0.34%	0.34%
AVB	B	4.37%	3.18%	3.18%
BNL	D	0.43%	0.31%	0.31%
CPT	B	1.73%	1.26%	1.26%
CSR	B	0.24%	0.11%	0.11%
CUBE	C	1.45%	1.06%	1.06%
CUZ	B	0.64%	0.46%	0.46%
DLR	B	5.76%	4.39%	4.39%
DRH	B	0.26%	0.18%	0.18%
EPR	C	0.45%	0.33%	0.33%
EPRT	B	0.77%	0.56%	0.56%
EQC	B	0.29%	0.21%	0.21%
EQIX	A	1.74%	7.79%	1.74%
EQR	C	3.36%	2.45%	2.45%
ESRT	C	0.26%	0.14%	0.14%
ESS	B	2.62%	1.91%	1.91%
FR	D	0.94%	0.68%	0.68%
HIW	C	0.46%	0.33%	0.33%
HPP	F	0.16%	0.06%	0.06%
HST	C	1.66%	1.2%	1.2%
IIPR	D	0.4%	0.29%	0.29%
IRT	A	0.63%	0.46%	0.46%
KIM	A	2.25%	1.64%	1.64%
KRC	B	0.6%	0.41%	0.41%
KRG	B	0.8%	0.58%	0.58%
NHI	D	0.45%	0.33%	0.33%
NNN	C	1.04%	0.75%	0.75%
NSA	C	0.4%	0.29%	0.29%
NXRT	B	0.24%	0.1%	0.1%
O	C	0.41%	4.08%	0.41%
PDM	D	0.26%	0.12%	0.12%
PK	C	0.42%	0.3%	0.3%
PLD	F	2.99%	9.67%	2.99%
PSA	C	0.64%	4.4%	0.64%
REG	A	1.59%	1.18%	1.18%
RLJ	C	0.24%	0.15%	0.15%
SHO	D	0.28%	0.2%	0.2%
SKT	A	0.52%	0.38%	0.38%
SLG	B	0.66%	0.48%	0.48%
SPG	A	5.85%	4.66%	4.66%
STAG	D	0.89%	0.65%	0.65%
UDR	B	1.88%	1.31%	1.31%
UE	B	0.38%	0.27%	0.27%
VNO	C	0.91%	0.68%	0.68%
WELL	A	1.42%	4.6%	1.42%
XHR	B	0.28%	0.15%	0.15%

GQRE Overweight 12 Positions Relative to RWR

Symbol	Grade	Weight
VICI	C	2.46%
AMT	C	2.37%
LAMR	C	1.5%
IRM	C	0.69%
SBRA	C	0.57%
WY	F	0.43%
HASI	D	0.42%
IVT	A	0.3%
LTC	B	0.28%
DBRG	F	0.28%
JOE	F	0.24%
CCI	C	0.19%

GQRE Underweight 47 Positions Relative to RWR

Symbol	Grade	Weight
EXR	C	-3.4%
VTR	B	-2.58%
INVH	D	-1.88%
MAA	B	-1.81%
ARE	F	-1.66%
DOC	C	-1.47%
SUI	C	-1.43%
ELS	C	-1.31%
WPC	C	-1.18%
BXP	C	-1.13%
OHI	C	-1.01%
REXR	F	-0.9%
BRX	A	-0.85%
FRT	B	-0.84%
EGP	D	-0.82%
RHP	B	-0.66%
TRNO	F	-0.58%
COLD	D	-0.56%
CTRE	C	-0.49%
PECO	A	-0.47%
MAC	B	-0.41%
CDP	C	-0.33%
DEI	B	-0.3%
LXP	D	-0.27%
MPW	F	-0.25%
FCPT	C	-0.25%
ROIC	A	-0.22%
VRE	B	-0.15%
PEB	D	-0.15%
GTY	A	-0.15%
GNL	F	-0.14%
ELME	D	-0.14%
JBGS	F	-0.13%
UMH	B	-0.13%
NTST	C	-0.12%
DEA	D	-0.12%
AIV	C	-0.11%
BDN	C	-0.09%
PGRE	F	-0.09%
INN	D	-0.07%
PLYM	F	-0.07%
SVC	F	-0.05%
CHCT	C	-0.05%
UHT	D	-0.05%
GMRE	F	-0.05%
DHC	F	-0.05%
CLDT	B	-0.04%