IQDY vs. XCEM ETF Comparison

Comparison of FlexShares International Quality Dividend Dynamic Index Fund (IQDY) to EGShares EM Core ex-China ETF (XCEM)

IQDY

FlexShares International Quality Dividend Dynamic Index Fund

IQDY 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 Dynamic 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

$28.83

Average Daily Volume

7,671

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XCEM

EGShares EM Core ex-China ETF

XCEM Description

The investment seeks investment results that correspond to the EGAI Emerging Markets ex-China IndexSM. The fund will invest at least 80% of its net assets in the companies included in the underlying index and generally expects to be substantially invested at such times, with at least 95% of its net assets invested in these securities. The underlying index is a market capitalization-weighted index designed to provide broad, core emerging markets equity exposure by measuring the stock performance of up to 700 companies across the EGAI Emerging Markets Universe, excluding those listed or domiciled in China and Hong Kong. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.34

Average Daily Volume

153,296

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IQDY	XCEM
30 Days	-5.28%	-4.01%
60 Days	-3.92%	-4.68%
90 Days	-4.72%	-5.81%
12 Months	14.08%	9.91%

3 Overlapping Holdings

Symbol	Grade	Weight in IQDY	Weight in XCEM	Overlap
SKM	C	0.03%	0.09%	0.03%
UMC	F	0.22%	0.39%	0.22%
VALE	F	0.85%	0.82%	0.82%

IQDY Overweight 7 Positions Relative to XCEM

Symbol	Grade	Weight
HSBH	B	1.88%
BCS	A	0.49%
STLA	F	0.27%
NVS	F	0.18%
BABA	D	0.12%
NTES	D	0.08%
MUFG	B	0.08%

IQDY Underweight 13 Positions Relative to XCEM

Symbol	Grade	Weight
HDB	C	-1.98%
IBN	C	-1.97%
INFY	C	-1.76%
CHT	C	-0.67%
KB	B	-0.63%
SHG	C	-0.54%
ASAI	F	-0.43%
ERJ	A	-0.34%
WIT	B	-0.26%
ABEV	F	-0.2%
GGB	C	-0.14%
SBSW	D	-0.09%
BRFS	C	-0.07%