LRGF vs. QDF ETF Comparison

Comparison of iShares FactorSelect MSCI USA ETF (LRGF) to FlexShares Quality Dividend Index Fund (QDF)

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). 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. The underlying index is designed to select equity securities from MSCI USA Index (the "Parent index") that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the Parent index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* 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	LRGF	QDF
30 Days	4.57%	1.66%
60 Days	6.07%	2.62%
90 Days	7.74%	4.00%
12 Months	37.24%	26.92%

65 Overlapping Holdings

Symbol	Grade	Weight in LRGF	Weight in QDF	Overlap
AAPL	C	6.35%	8.54%	6.35%
ABBV	D	0.9%	2.58%	0.9%
ACN	C	0.14%	1.93%	0.14%
ADP	B	0.16%	1.11%	0.16%
AFL	B	0.38%	0.62%	0.38%
ALLY	C	0.25%	0.37%	0.25%
AVB	B	0.22%	0.58%	0.22%
AVGO	D	1.82%	0.88%	0.88%
BAC	A	0.37%	0.02%	0.02%
BBWI	D	0.14%	0.01%	0.01%
BK	A	0.61%	0.68%	0.61%
BKNG	A	1.17%	0.07%	0.07%
CAT	B	0.26%	0.75%	0.26%
COP	C	0.05%	0.04%	0.04%
COST	B	0.54%	0.24%	0.24%
CTAS	B	0.38%	0.39%	0.38%
EBAY	D	0.31%	0.58%	0.31%
EQR	B	0.29%	0.55%	0.29%
GILD	C	0.49%	1.0%	0.49%
GOOG	C	1.8%	1.63%	1.63%
HD	A	0.58%	1.77%	0.58%
HRB	D	0.3%	0.17%	0.17%
INTU	C	0.31%	1.74%	0.31%
ITW	B	0.21%	0.74%	0.21%
JHG	A	0.26%	0.6%	0.26%
JNJ	D	0.87%	3.01%	0.87%
JPM	A	1.64%	0.75%	0.75%
KLAC	D	0.31%	0.76%	0.31%
KO	D	0.61%	2.16%	0.61%
LMT	D	0.19%	0.62%	0.19%
LOW	D	0.58%	1.27%	0.58%
LRCX	F	0.2%	0.87%	0.2%
MA	C	0.75%	0.26%	0.26%
MCHP	D	0.08%	0.45%	0.08%
MET	A	0.03%	0.56%	0.03%
META	D	2.16%	3.1%	2.16%
MMM	D	0.13%	0.65%	0.13%
MO	A	0.1%	0.89%	0.1%
MPC	D	0.57%	0.54%	0.54%
MRK	F	0.57%	0.45%	0.45%
MS	A	0.11%	0.98%	0.11%
MSFT	F	5.67%	4.91%	4.91%
NTAP	C	0.02%	0.22%	0.02%
NUE	C	0.21%	0.42%	0.21%
NVDA	C	6.55%	5.81%	5.81%
OLN	D	0.11%	0.25%	0.11%
PAYX	C	0.4%	0.63%	0.4%
PFG	D	0.05%	0.39%	0.05%
PG	A	1.26%	3.03%	1.26%
PM	B	0.4%	1.41%	0.4%
PRU	A	0.19%	0.61%	0.19%
PSA	D	0.23%	0.6%	0.23%
QCOM	F	0.45%	1.68%	0.45%
RHI	B	0.24%	0.38%	0.24%
SBUX	A	0.19%	0.76%	0.19%
TPR	B	0.32%	0.57%	0.32%
TT	A	0.21%	0.43%	0.21%
V	A	1.28%	0.4%	0.4%
VLO	C	0.33%	0.55%	0.33%
WFRD	D	0.21%	0.07%	0.07%
WING	D	0.26%	0.2%	0.2%
WMT	A	1.03%	0.13%	0.13%
WSM	B	0.36%	0.43%	0.36%
WY	D	0.33%	0.42%	0.33%
XOM	B	0.94%	0.5%	0.5%

LRGF Overweight 207 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	C	3.01%
LLY	F	1.09%
APP	B	0.94%
LIN	D	0.91%
UNH	C	0.89%
PEP	F	0.87%
TSLA	B	0.76%
BMY	B	0.72%
MCD	D	0.63%
FICO	B	0.61%
TEAM	A	0.6%
T	A	0.59%
GS	A	0.59%
CVX	A	0.54%
ABT	B	0.53%
BLDR	D	0.53%
GM	B	0.52%
AWK	D	0.52%
ED	D	0.51%
BRK.A	B	0.5%
MCK	B	0.5%
WFC	A	0.5%
FTNT	C	0.49%
HPE	B	0.48%
AMAT	F	0.46%
IBKR	A	0.46%
VST	B	0.45%
DUOL	A	0.44%
SPGI	C	0.43%
NTNX	A	0.43%
AMGN	D	0.42%
CMCSA	B	0.41%
AMP	A	0.41%
GEHC	F	0.41%
CSCO	B	0.4%
MELI	D	0.39%
ETN	A	0.38%
SPG	B	0.38%
MSCI	C	0.37%
AYI	B	0.37%
IT	C	0.36%
HOLX	D	0.36%
DELL	C	0.35%
KR	B	0.35%
VZ	C	0.34%
MANH	D	0.34%
DOCU	A	0.33%
DECK	A	0.32%
CRH	A	0.32%
PFE	D	0.31%
CR	A	0.31%
JBL	B	0.31%
BRX	A	0.31%
EMR	A	0.31%
TGT	F	0.3%
ABNB	C	0.3%
YUM	B	0.3%
AIG	B	0.3%
ANET	C	0.3%
MLI	C	0.29%
CNM	D	0.29%
FERG	B	0.29%
ELV	F	0.29%
GTLB	B	0.28%
PCOR	B	0.28%
UBER	D	0.28%
MEDP	D	0.28%
ADBE	C	0.28%
MTD	D	0.27%
ANF	C	0.27%
EME	C	0.27%
OTIS	C	0.27%
TMO	F	0.27%
RS	B	0.27%
STLD	B	0.26%
SYF	B	0.26%
FOXA	B	0.25%
AXP	A	0.24%
BBY	D	0.24%
BLK	C	0.24%
GIS	D	0.23%
DVA	B	0.23%
PCAR	B	0.23%
STT	A	0.22%
NDAQ	A	0.22%
MSI	B	0.22%
CRWD	B	0.22%
COF	B	0.22%
AN	C	0.21%
DUK	C	0.21%
CI	F	0.21%
TRV	B	0.2%
SOLV	C	0.2%
QLYS	C	0.2%
WEC	A	0.2%
AMG	B	0.2%
HPQ	B	0.19%
CDNS	B	0.19%
NFLX	A	0.19%
VRTX	F	0.19%
F	C	0.18%
ESTC	C	0.18%
CVLT	B	0.18%
ETSY	D	0.18%
PANW	C	0.18%
SNPS	B	0.18%
NEE	D	0.17%
IOT	A	0.17%
CVS	D	0.17%
R	B	0.17%
SYK	C	0.17%
DKS	C	0.17%
EXC	C	0.16%
ORCL	B	0.16%
MOH	F	0.16%
IBM	C	0.16%
HUBS	A	0.15%
OMC	C	0.15%
WTS	B	0.15%
C	A	0.15%
HUM	C	0.14%
SMAR	A	0.14%
GE	D	0.14%
AZO	C	0.14%
RMBS	C	0.14%
KMI	A	0.14%
FNF	B	0.13%
NVT	B	0.13%
AMD	F	0.13%
DTE	C	0.13%
VOYA	B	0.13%
RL	B	0.12%
CRM	B	0.12%
ELF	C	0.12%
SO	D	0.12%
CPNG	D	0.12%
GWW	B	0.11%
RRC	B	0.11%
ZS	C	0.11%
OKTA	C	0.11%
FI	A	0.11%
MUSA	A	0.11%
TTEK	F	0.1%
MDLZ	F	0.1%
GL	B	0.1%
COKE	C	0.1%
MDT	D	0.1%
PH	A	0.1%
APA	D	0.09%
AMT	D	0.09%
MRO	B	0.09%
UNM	A	0.09%
EXE	B	0.08%
PVH	C	0.08%
VLTO	D	0.08%
HOG	D	0.08%
AGNC	D	0.07%
TAP	C	0.07%
SRE	A	0.07%
SHW	A	0.07%
ADM	D	0.07%
LPX	B	0.07%
CMC	B	0.07%
ACGL	D	0.07%
PLD	D	0.07%
CARR	D	0.07%
LNTH	D	0.07%
CHTR	C	0.07%
ACI	C	0.06%
RGA	A	0.06%
SFM	A	0.05%
FE	C	0.05%
CRUS	D	0.05%
CEG	D	0.05%
EG	C	0.05%
AR	B	0.04%
THO	B	0.04%
DOW	F	0.04%
MRNA	F	0.04%
BXP	D	0.04%
XRAY	F	0.04%
HSY	F	0.04%
SSD	D	0.04%
TXN	C	0.04%
NOW	A	0.04%
LII	A	0.03%
DE	A	0.03%
HIG	B	0.03%
MGM	D	0.03%
MOD	A	0.03%
ZBH	C	0.03%
UAL	A	0.03%
AGCO	D	0.03%
PATH	C	0.02%
BDX	F	0.02%
BSX	B	0.02%
NWSA	B	0.02%
MUR	D	0.02%
KHC	F	0.02%
LYV	A	0.02%
CVNA	B	0.02%
RPRX	D	0.01%
EXPD	D	0.01%
ULTA	F	0.01%
PSX	C	0.01%
EOG	A	0.01%
FDX	B	0.01%

LRGF Underweight 62 Positions Relative to QDF

Symbol	Grade	Weight
GOOGL	C	-1.84%
UNP	C	-1.24%
VRT	B	-0.83%
NKE	D	-0.83%
ZTS	D	-0.74%
FAST	B	-0.68%
FIS	C	-0.62%
PEG	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
D	C	-0.59%
EA	A	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
MAA	B	-0.55%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-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%
WU	D	-0.45%
POOL	C	-0.44%
CFR	B	-0.42%
EVRG	A	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
LNC	B	-0.39%
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%
NNN	D	-0.23%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
BSY	D	-0.13%
EXP	A	-0.08%
CSWI	A	-0.07%
MAR	B	-0.05%
STNG	F	-0.02%