KVLE vs. QLV ETF Comparison

Comparison of KFA Value Line Dynamic Core Equity Index ETF (KVLE) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	KVLE	QLV
30 Days	2.70%	0.23%
60 Days	5.03%	1.42%
90 Days	7.18%	3.24%
12 Months	27.85%	25.29%

36 Overlapping Holdings

Symbol	Grade	Weight in KVLE	Weight in QLV	Overlap
AAPL	C	5.13%	5.17%	5.13%
ABBV	D	1.18%	0.96%	0.96%
ADP	B	1.69%	0.92%	0.92%
AEP	D	0.64%	0.54%	0.54%
ALL	A	0.44%	0.63%	0.44%
AMGN	D	0.82%	0.71%	0.71%
AMZN	C	3.18%	2.41%	2.41%
CAG	D	0.65%	0.13%	0.13%
CALM	A	1.5%	0.65%	0.65%
CME	A	0.46%	0.94%	0.46%
DTM	B	1.54%	0.67%	0.67%
DUK	C	0.17%	0.9%	0.17%
ED	D	0.86%	0.79%	0.79%
FLO	D	0.88%	0.47%	0.47%
GD	F	0.14%	0.58%	0.14%
GILD	C	1.58%	1.07%	1.07%
GIS	D	0.14%	0.72%	0.14%
GOOG	C	3.45%	0.62%	0.62%
IBM	C	1.16%	1.82%	1.16%
JNJ	D	0.45%	1.71%	0.45%
JPM	A	1.13%	0.21%	0.21%
LLY	F	0.99%	2.31%	0.99%
LMT	D	1.27%	1.06%	1.06%
MCD	D	0.59%	1.93%	0.59%
MCK	B	0.31%	0.35%	0.31%
META	D	2.13%	1.25%	1.25%
MRK	F	0.98%	2.28%	0.98%
MSFT	F	5.68%	7.68%	5.68%
NVDA	C	7.5%	5.54%	5.54%
PG	A	0.87%	3.25%	0.87%
PKG	A	1.11%	0.63%	0.63%
PM	B	0.28%	0.21%	0.21%
PSA	D	1.48%	0.84%	0.84%
TXN	C	1.65%	0.84%	0.84%
VZ	C	1.48%	1.64%	1.48%
WEC	A	1.5%	0.86%	0.86%

KVLE Overweight 50 Positions Relative to QLV

Symbol	Grade	Weight
HD	A	2.24%
CSCO	B	1.93%
MO	A	1.88%
BMY	B	1.86%
GS	A	1.8%
APH	A	1.66%
APD	A	1.66%
CMCSA	B	1.6%
PAYX	C	1.58%
PFE	D	1.58%
FAST	B	1.56%
KMB	D	1.42%
TROW	B	1.35%
MMS	F	1.34%
UPS	C	1.32%
HESM	B	1.19%
DOW	F	1.18%
WU	D	1.17%
CVX	A	1.02%
ETR	B	0.94%
CMI	A	0.89%
WSO	A	0.87%
UNP	C	0.87%
PSX	C	0.86%
SPG	B	0.85%
MS	A	0.75%
PEG	A	0.67%
EPD	A	0.62%
RHI	B	0.6%
SNA	A	0.6%
UGI	A	0.58%
VIRT	B	0.57%
OGS	A	0.56%
MSM	C	0.55%
CL	D	0.45%
TMO	F	0.39%
AFL	B	0.36%
NFLX	A	0.35%
OKE	A	0.33%
KO	D	0.31%
NTAP	C	0.29%
POWL	C	0.27%
DKS	C	0.25%
RF	A	0.25%
SR	A	0.24%
RTX	C	0.23%
ORCL	B	0.18%
CFG	B	0.13%
CVS	D	0.1%
APP	B	0.1%

KVLE Underweight 78 Positions Relative to QLV

Symbol	Grade	Weight
V	A	-2.26%
T	A	-1.51%
PEP	F	-1.47%
XOM	B	-1.15%
TMUS	B	-1.13%
ABT	B	-0.93%
QLYS	C	-0.88%
GOOGL	C	-0.88%
ATR	B	-0.86%
AIZ	A	-0.86%
WTW	B	-0.85%
RGLD	C	-0.83%
TYL	B	-0.8%
WDFC	B	-0.8%
K	A	-0.77%
DOX	D	-0.74%
CHE	D	-0.73%
CHKP	D	-0.72%
LSTR	D	-0.71%
CB	C	-0.71%
SO	D	-0.69%
DLR	B	-0.68%
TRV	B	-0.67%
QGEN	D	-0.67%
WM	A	-0.67%
ZM	B	-0.67%
XEL	A	-0.64%
EQIX	A	-0.64%
AVY	D	-0.63%
CINF	A	-0.6%
SMMT	D	-0.59%
RSG	A	-0.59%
CTVA	C	-0.59%
NOC	D	-0.59%
BRK.A	B	-0.59%
AEE	A	-0.58%
WCN	A	-0.58%
CTRA	B	-0.57%
WRB	A	-0.55%
AZO	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
JKHY	D	-0.53%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
CHRW	C	-0.49%
TSCO	D	-0.49%
SON	D	-0.48%
BAH	F	-0.47%
TTEK	F	-0.46%
REGN	F	-0.45%
HSY	F	-0.45%
NBIX	C	-0.43%
HRL	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.38%
AVGO	D	-0.38%
HII	D	-0.36%
BMRN	D	-0.35%
SLGN	A	-0.34%
DDS	B	-0.29%
BMI	B	-0.27%
CRUS	D	-0.26%
EA	A	-0.23%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
NCNO	B	-0.13%
ROP	B	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
UNH	C	-0.07%
MMC	B	-0.05%
EXPD	D	-0.03%