KRBN vs. IQDF ETF Comparison

Comparison of KFA Global Carbon ETF (KRBN) to FlexShares International Quality Dividend Index Fund (IQDF)

KRBN

KFA Global Carbon ETF

KRBN Description

The KFA Global Carbon ETF (the “Fund”) seeks to provide a total return that, before fees and expenses, exceeds that of the IHS Markit Global Carbon Index (the ‘‘Index’’) over a complete market cycle. KRBN is benchmarked to IHS Markit’s Global Carbon Index, which offers broad coverage of cap-and-trade carbon allowances by tracking the most traded carbon credit futures contracts. The index introduces a new measure for hedging risk and going long the price of carbon while supporting responsible investing. Currently, the index covers the major European and North American cap-and-trade programs: European Union Allowances (EUA), California Carbon Allowances (CCA) and the Regional Greenhouse Gas Initiative (RGGI).

Grade (RS Rating)

Last Trade

$32.30

Average Daily Volume

110,888

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

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

$23.55

Average Daily Volume

53,615

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

Performance

Period	KRBN	IQDF
30 Days	6.04%	-2.85%
60 Days	9.31%	0.41%
90 Days	1.70%	3.50%
12 Months	-19.13%	10.34%

0 Overlapping Holdings

	Symbol	Grade	Weight in KRBN	Weight in IQDF	Overlap

KRBN Overweight 1 Positions Relative to IQDF

	Symbol	Grade	Weight
	SCHO	C	1.77%

KRBN Underweight 6 Positions Relative to IQDF

	Symbol	Grade	Weight
	NVS	D	-1.76%
	BCS	A	-1.05%
	SMFG	B	-0.59%
	MUFG	C	-0.46%
	UL	F	-0.06%
	CNI	C	-0.05%

KRBN: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices ETF Exchange Traded Fund Fixed Income Inverse ETF U.S. Treasury United States Treasury Security Yield

IQDF: Top Represented Industries & Keywords

Industries: Banks - Global Drug Manufacturers - Major Household & Personal Products Railroads

Keywords: Bank Financial Products Investment Banking Investment Banking Services Advisory Services Banking Cash Management Services Consumer Finance Corporate Banking Insurance Products Investment Bank Project Finance Settlement Services Structured Finance Active Pharmaceutical Ingredients Animal Health Antibiotics Asset And Liability Management Asset Management Automotive Products