IQDE vs. VEU ETF Comparison

Comparison of FlexShares International Quality Dividend Defensive Index Fund (IQDE) to Vanguard FTSE All World Ex US ETF (VEU)

IQDE

FlexShares International Quality Dividend Defensive Index Fund

IQDE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances 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. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$21.72

Average Daily Volume

1,430

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.19

Average Daily Volume

2,076,190

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

Performance

Period	IQDE	VEU
30 Days	-2.98%	-2.58%
60 Days	-4.67%	-4.08%
90 Days	-5.64%	-3.78%
12 Months	11.38%	12.95%

13 Overlapping Holdings

Symbol	Grade	Weight in IQDE	Weight in VEU	Overlap
AGCO	D	0.21%	0.02%	0.02%
BABA	D	0.3%	0.72%	0.3%
BCH	F	0.22%	0.02%	0.02%
BCS	C	0.49%	0.16%	0.16%
CNI	D	0.42%	0.21%	0.21%
HSBH	B	0.15%	0.59%	0.15%
NVS	D	1.25%	0.77%	0.77%
SMFG	B	0.61%	0.27%	0.27%
STLA	F	0.27%	0.1%	0.1%
TD	F	0.05%	0.34%	0.05%
UL	D	0.11%	0.52%	0.11%
VALE	F	0.14%	0.03%	0.03%
VALE	F	0.14%	0.12%	0.12%

IQDE Overweight 2 Positions Relative to VEU

	Symbol	Grade	Weight
	SKM	D	0.21%
	OTEX	D	0.16%

IQDE Underweight 93 Positions Relative to VEU

Symbol	Grade	Weight
TM	D	-0.71%
MUFG	B	-0.41%
HDB	C	-0.4%
SONY	B	-0.37%
SHOP	B	-0.33%
ABBV	D	-0.31%
PDD	F	-0.3%
DEO	F	-0.24%
IBN	C	-0.21%
MFG	B	-0.18%
HMC	F	-0.17%
WCN	A	-0.16%
LYG	F	-0.15%
FLUT	A	-0.14%
INFY	B	-0.12%
E	F	-0.12%
TCOM	B	-0.12%
GOLD	D	-0.11%
BIDU	F	-0.09%
SW	A	-0.09%
ITUB	F	-0.06%
YUMC	C	-0.06%
BEKE	D	-0.05%
LI	F	-0.05%
NMR	B	-0.05%
XRX	F	-0.05%
KB	B	-0.04%
SHG	D	-0.04%
KB	B	-0.04%
BGNE	D	-0.04%
LOGI	D	-0.04%
XPEV	C	-0.03%
CHT	D	-0.03%
BBD	D	-0.03%
UMC	F	-0.03%
TME	D	-0.03%
UMC	F	-0.03%
QGEN	D	-0.03%
PKX	F	-0.03%
MBAVU	D	-0.02%
AEI	D	-0.02%
BZ	F	-0.02%
TAL	F	-0.02%
VIPS	F	-0.02%
WIT	A	-0.02%
ABEV	F	-0.02%
ERJ	B	-0.02%
BILI	D	-0.02%
NIO	F	-0.02%
ASAI	F	-0.02%
YMM	C	-0.02%
SHG	D	-0.02%
PBR	C	-0.02%
CHT	D	-0.02%
ATHM	D	-0.01%
GGB	C	-0.01%
GDS	C	-0.01%
SQM	F	-0.01%
BSAC	F	-0.01%
LPL	F	-0.01%
GGB	C	-0.01%
RDY	F	-0.01%
CSAN	F	-0.01%
KEP	B	-0.01%
BRFS	D	-0.01%
SBSW	D	-0.01%
TSM	B	-0.01%
CIB	B	-0.01%
ABEV	F	-0.01%
CX	D	-0.01%
QFIN	B	-0.01%
WIT	A	-0.01%
ATHM	D	-0.0%
JEWL	F	-0.0%
BAK	F	-0.0%
ASAI	F	-0.0%
ENIC	D	-0.0%
ELP	F	-0.0%
SID	F	-0.0%
TS	B	-0.0%
WB	D	-0.0%
TAK	F	-0.0%
EC	D	-0.0%
MNTX	C	-0.0%
VIV	F	-0.0%
CIG	C	-0.0%
YY	C	-0.0%
DQ	F	-0.0%
PIXY	F	-0.0%
AKO.A	F	-0.0%
IQ	F	-0.0%
RLX	C	-0.0%
KEP	B	-0.0%