IYF vs. QDF ETF Comparison

Comparison of iShares U.S. Financial ETF (IYF) to FlexShares Quality Dividend Index Fund (QDF)

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$117.73

Average Daily Volume

282,895

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust 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. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	IYF	QDF
30 Days	8.74%	1.66%
60 Days	13.46%	2.62%
90 Days	15.36%	4.00%
12 Months	50.79%	26.92%

22 Overlapping Holdings

Symbol	Grade	Weight in IYF	Weight in QDF	Overlap
AFL	B	1.04%	0.62%	0.62%
ALLY	C	0.17%	0.37%	0.17%
BAC	A	4.69%	0.02%	0.02%
BK	A	0.97%	0.68%	0.68%
BPOP	B	0.12%	0.48%	0.12%
BR	A	0.45%	0.3%	0.3%
CFR	B	0.14%	0.42%	0.14%
CMA	A	0.14%	0.58%	0.14%
FAF	A	0.11%	0.47%	0.11%
IVZ	B	0.11%	0.51%	0.11%
JHG	A	0.1%	0.6%	0.1%
JPM	A	9.82%	0.75%	0.75%
LNC	B	0.07%	0.39%	0.07%
MET	A	0.82%	0.56%	0.56%
MS	A	2.6%	0.98%	0.98%
OMF	A	0.11%	0.52%	0.11%
ORI	A	0.16%	0.55%	0.16%
PFG	D	0.33%	0.39%	0.33%
PRU	A	0.77%	0.61%	0.61%
STWD	C	0.1%	0.49%	0.1%
VIRT	B	0.05%	0.6%	0.05%
WTW	B	0.53%	0.56%	0.53%

IYF Overweight 113 Positions Relative to QDF

Symbol	Grade	Weight
BRK.A	B	11.69%
WFC	A	4.36%
GS	A	3.13%
SPGI	C	2.63%
BLK	C	2.59%
PGR	A	2.5%
C	A	2.2%
BX	A	2.14%
SCHW	B	2.01%
CB	C	1.95%
MMC	B	1.83%
KKR	A	1.69%
ICE	C	1.48%
APO	B	1.43%
PNC	B	1.38%
CME	A	1.35%
USB	A	1.3%
MCO	B	1.25%
AON	A	1.24%
AJG	B	1.07%
TFC	A	1.04%
COIN	C	1.01%
TRV	B	1.0%
AMP	A	0.94%
ALL	A	0.86%
AIG	B	0.82%
MSCI	C	0.76%
DFS	B	0.74%
ACGL	D	0.61%
MTB	A	0.6%
HIG	B	0.58%
FITB	A	0.54%
NDAQ	A	0.54%
RJF	A	0.51%
ARES	A	0.51%
STT	A	0.48%
FCNCA	A	0.45%
TROW	B	0.44%
BRO	B	0.44%
HBAN	A	0.43%
RF	A	0.41%
CINF	A	0.39%
LPLA	A	0.39%
MKL	A	0.37%
NTRS	A	0.36%
HOOD	B	0.36%
CFG	B	0.35%
CBOE	B	0.35%
IBKR	A	0.32%
FDS	B	0.31%
KEY	B	0.3%
WRB	A	0.3%
EG	C	0.27%
L	A	0.26%
RGA	A	0.26%
FNF	B	0.25%
TW	A	0.25%
SOFI	A	0.24%
EWBC	A	0.24%
JEF	A	0.22%
RNR	C	0.22%
UNM	A	0.21%
SF	B	0.2%
EQH	B	0.2%
CG	A	0.19%
FHN	A	0.19%
AIZ	A	0.19%
OWL	A	0.19%
WBS	A	0.18%
PRI	A	0.18%
EVR	B	0.18%
GL	B	0.17%
NLY	C	0.17%
AFG	A	0.17%
KNSL	B	0.17%
PNFP	B	0.16%
HLI	B	0.16%
MKTX	D	0.16%
WAL	B	0.16%
WTFC	A	0.15%
MORN	B	0.15%
VOYA	B	0.14%
SNV	B	0.14%
CBSH	A	0.14%
ZION	B	0.14%
RYAN	B	0.13%
SEIC	B	0.13%
AXS	A	0.12%
AGNC	D	0.12%
RLI	B	0.12%
PB	A	0.12%
MTG	C	0.11%
BEN	C	0.11%
COLB	A	0.11%
TPG	A	0.1%
RITM	C	0.1%
THG	A	0.1%
AMG	B	0.1%
FNB	A	0.1%
LAZ	B	0.1%
WTM	A	0.09%
OZK	B	0.09%
SLM	A	0.09%
KMPR	B	0.08%
AGO	B	0.08%
BHF	B	0.06%
FHB	A	0.06%
CACC	D	0.05%
BOKF	B	0.04%
RKT	F	0.03%
CNA	B	0.02%
UWMC	D	0.01%
TFSL	A	0.01%

IYF Underweight 105 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	C	-5.81%
MSFT	F	-4.91%
META	D	-3.1%
PG	A	-3.03%
JNJ	D	-3.01%
ABBV	D	-2.58%
KO	D	-2.16%
ACN	C	-1.93%
GOOGL	C	-1.84%
HD	A	-1.77%
INTU	C	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
PM	B	-1.41%
LOW	D	-1.27%
UNP	C	-1.24%
ADP	B	-1.11%
GILD	C	-1.0%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	D	-0.83%
SBUX	A	-0.76%
KLAC	D	-0.76%
CAT	B	-0.75%
ZTS	D	-0.74%
ITW	B	-0.74%
FAST	B	-0.68%
MMM	D	-0.65%
PAYX	C	-0.63%
LMT	D	-0.62%
FIS	C	-0.62%
PEG	A	-0.61%
KTB	B	-0.6%
PSA	D	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
SNA	A	-0.56%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
WDFC	B	-0.47%
DVN	F	-0.46%
MRK	F	-0.45%
IPG	D	-0.45%
MCHP	D	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
TT	A	-0.43%
NUE	C	-0.42%
EVRG	A	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
RHI	B	-0.38%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
MA	C	-0.26%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
WMT	A	-0.13%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BBWI	D	-0.01%