KVLE vs. QDF ETF Comparison

Comparison of KFA Value Line Dynamic Core Equity Index ETF (KVLE) to FlexShares Quality Dividend Index Fund (QDF)

KVLE

KFA Value Line Dynamic Core Equity Index ETF

KVLE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific equity securities index, the Value Line®Dynamic Core Equity Index. Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. It may invest up to 20% of its assets in instruments that are not included in the underlying index, but that Fund's adviser, Krane Funds Advisors, LLC, believes will help the fund track the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.76

Average Daily Volume

3,768

Number of Holdings ^*

* 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	KVLE	QDF
30 Days	2.70%	1.66%
60 Days	5.03%	2.62%
90 Days	7.18%	4.00%
12 Months	27.85%	26.92%

31 Overlapping Holdings

Symbol	Grade	Weight in KVLE	Weight in QDF	Overlap
AAPL	C	5.13%	8.54%	5.13%
ABBV	D	1.18%	2.58%	1.18%
ADP	B	1.69%	1.11%	1.11%
AFL	B	0.36%	0.62%	0.36%
CL	D	0.45%	0.15%	0.15%
FAST	B	1.56%	0.68%	0.68%
GILD	C	1.58%	1.0%	1.0%
GOOG	C	3.45%	1.63%	1.63%
HD	A	2.24%	1.77%	1.77%
JNJ	D	0.45%	3.01%	0.45%
JPM	A	1.13%	0.75%	0.75%
KO	D	0.31%	2.16%	0.31%
LMT	D	1.27%	0.62%	0.62%
META	D	2.13%	3.1%	2.13%
MO	A	1.88%	0.89%	0.89%
MRK	F	0.98%	0.45%	0.45%
MS	A	0.75%	0.98%	0.75%
MSFT	F	5.68%	4.91%	4.91%
NTAP	C	0.29%	0.22%	0.22%
NVDA	C	7.5%	5.81%	5.81%
PAYX	C	1.58%	0.63%	0.63%
PEG	A	0.67%	0.61%	0.61%
PG	A	0.87%	3.03%	0.87%
PM	B	0.28%	1.41%	0.28%
PSA	D	1.48%	0.6%	0.6%
RHI	B	0.6%	0.38%	0.38%
SNA	A	0.6%	0.56%	0.56%
UGI	A	0.58%	0.49%	0.49%
UNP	C	0.87%	1.24%	0.87%
VIRT	B	0.57%	0.6%	0.57%
WU	D	1.17%	0.45%	0.45%

KVLE Overweight 55 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	C	3.18%
CSCO	B	1.93%
BMY	B	1.86%
GS	A	1.8%
APH	A	1.66%
APD	A	1.66%
TXN	C	1.65%
CMCSA	B	1.6%
PFE	D	1.58%
DTM	B	1.54%
WEC	A	1.5%
CALM	A	1.5%
VZ	C	1.48%
KMB	D	1.42%
TROW	B	1.35%
MMS	F	1.34%
UPS	C	1.32%
HESM	B	1.19%
DOW	F	1.18%
IBM	C	1.16%
PKG	A	1.11%
CVX	A	1.02%
LLY	F	0.99%
ETR	B	0.94%
CMI	A	0.89%
FLO	D	0.88%
WSO	A	0.87%
PSX	C	0.86%
ED	D	0.86%
SPG	B	0.85%
AMGN	D	0.82%
CAG	D	0.65%
AEP	D	0.64%
EPD	A	0.62%
MCD	D	0.59%
OGS	A	0.56%
MSM	C	0.55%
CME	A	0.46%
ALL	A	0.44%
TMO	F	0.39%
NFLX	A	0.35%
OKE	A	0.33%
MCK	B	0.31%
POWL	C	0.27%
DKS	C	0.25%
RF	A	0.25%
SR	A	0.24%
RTX	C	0.23%
ORCL	B	0.18%
DUK	C	0.17%
GD	F	0.14%
GIS	D	0.14%
CFG	B	0.13%
CVS	D	0.1%
APP	B	0.1%

KVLE Underweight 96 Positions Relative to QDF

Symbol	Grade	Weight
ACN	C	-1.93%
GOOGL	C	-1.84%
INTU	C	-1.74%
QCOM	F	-1.68%
LOW	D	-1.27%
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%
BK	A	-0.68%
MMM	D	-0.65%
FIS	C	-0.62%
PRU	A	-0.61%
KTB	B	-0.6%
JHG	A	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
IPG	D	-0.45%
MCHP	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
TT	A	-0.43%
CFR	B	-0.42%
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%
LNC	B	-0.39%
PFG	D	-0.39%
ALLY	C	-0.37%
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%
BR	A	-0.3%
MA	C	-0.26%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
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%
BAC	A	-0.02%
BBWI	D	-0.01%