IQDF vs. VGK ETF Comparison

Comparison of FlexShares International Quality Dividend Index Fund (IQDF) to Vanguard FTSE European ETF (VGK)

IQDF

FlexShares International Quality Dividend Index Fund

IQDF 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 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

$26.24

Average Daily Volume

37,216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VGK

Vanguard FTSE European ETF

VGK Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe. The fund employs an indexing investment approach by investing all, or substantially all, of its assets in the common stocks included in the FTSE Developed Europe Index. The FTSE Developed Europe Index is made up of approximately 497 common stocks of companies located in 17 European countries-mostly companies in the United Kingdom, France, Switzerland, and Germany (which made up approximately 34%, 15%, 14%, and 13%, respectively, of the index's market capitalization as of May 31, 2013).

Grade (RS Rating)

Last Trade

$69.67

Average Daily Volume

1,639,365

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDF	VGK
30 Days	4.45%	0.60%
60 Days	11.43%	7.34%
90 Days	4.70%	2.12%
12 Months	31.94%	26.12%

4 Overlapping Holdings

Symbol	Grade	Weight in IQDF	Weight in VGK	Overlap
BCS	B	0.41%	0.35%	0.35%
NVS	D	1.94%	1.89%	1.89%
STLA	F	0.26%	0.27%	0.26%
UL	D	0.08%	1.22%	0.08%

IQDF Overweight 7 Positions Relative to VGK

Symbol	Grade	Weight
MUFG	D	0.44%
SMFG	D	0.34%
BABA	A	0.32%
UMC	D	0.26%
AGCO	D	0.22%
VALE	D	0.22%
CNI	D	0.03%

IQDF Underweight 14 Positions Relative to VGK

Symbol	Grade	Weight
ABBV	C	-0.7%
DEO	C	-0.56%
LYG	C	-0.37%
FLUT	B	-0.29%
E	C	-0.28%
SW	C	-0.19%
LOGI	D	-0.11%
QGEN	F	-0.08%
FRO	B	-0.03%
HAFN	B	-0.02%
FLNG	B	-0.01%
TRMD	D	-0.01%
GOGL	C	-0.01%
GEN	A	-0.0%