LVHD vs. QDF ETF Comparison

Comparison of Legg Mason Low Volatility High Dividend ETF (LVHD) to FlexShares Quality Dividend Index Fund (QDF)

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.61

Average Daily Volume

44,376

Number of Holdings ^*

118

* 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

$72.39

Average Daily Volume

26,693

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	LVHD	QDF
30 Days	0.60%	0.21%
60 Days	1.38%	2.38%
90 Days	3.98%	3.47%
12 Months	21.09%	26.27%

18 Overlapping Holdings

Symbol	Grade	Weight in LVHD	Weight in QDF	Overlap
APLE	B	0.24%	0.35%	0.24%
CUBE	C	0.49%	0.37%	0.37%
EQR	C	0.8%	0.55%	0.55%
EVRG	A	0.93%	0.42%	0.42%
HD	B	2.66%	1.77%	1.77%
HST	C	1.01%	0.41%	0.41%
IPG	D	0.9%	0.45%	0.45%
JNJ	C	2.29%	3.01%	2.29%
KO	D	2.3%	2.16%	2.16%
LMT	D	2.54%	0.62%	0.62%
MAA	B	0.87%	0.55%	0.55%
MO	A	2.78%	0.89%	0.89%
NNN	C	0.33%	0.23%	0.23%
NSA	C	0.25%	0.49%	0.25%
OGE	A	0.37%	0.51%	0.37%
PAYX	B	2.07%	0.63%	0.63%
PM	B	2.44%	1.41%	1.41%
PNW	A	0.71%	0.16%	0.16%

LVHD Overweight 100 Positions Relative to QDF

Symbol	Grade	Weight
MCD	D	2.71%
CVX	A	2.69%
USB	A	2.58%
CSCO	B	2.57%
IBM	C	2.47%
SO	C	2.41%
PEP	F	2.39%
DUK	C	2.33%
MDLZ	F	2.32%
KDP	F	2.26%
OKE	A	2.18%
HSY	F	2.14%
KMB	C	2.1%
AEP	C	2.07%
PNC	B	2.01%
GIS	D	1.87%
XEL	A	1.84%
EXC	C	1.83%
SYY	D	1.81%
K	A	1.76%
DRI	B	1.65%
ETR	B	1.65%
WEC	A	1.48%
VICI	C	1.4%
ED	C	1.28%
OMC	C	1.17%
LYB	F	1.16%
FANG	C	1.14%
PKG	A	1.06%
AEE	A	1.04%
NI	A	1.04%
DTE	C	1.02%
KIM	A	0.84%
ESS	B	0.83%
LNT	A	0.67%
REG	A	0.63%
FNF	B	0.54%
WPC	C	0.53%
FRT	B	0.51%
ADC	A	0.5%
BRX	A	0.5%
GLPI	C	0.48%
DTM	A	0.42%
ONB	C	0.35%
WTRG	B	0.34%
CTRE	C	0.31%
EPRT	B	0.31%
AFG	A	0.31%
STAG	D	0.31%
POR	C	0.31%
VLY	B	0.29%
MSM	C	0.28%
IDA	A	0.28%
SON	F	0.27%
DOC	C	0.26%
FNB	A	0.25%
OGS	A	0.23%
EPR	C	0.22%
BKH	A	0.22%
INSW	F	0.22%
HIW	C	0.2%
SR	A	0.19%
ALE	A	0.19%
FHI	B	0.17%
FIBK	B	0.17%
NJR	A	0.17%
FULT	A	0.17%
BOH	B	0.16%
UBSI	B	0.16%
BNL	D	0.15%
CBU	B	0.14%
FHB	B	0.14%
AVA	A	0.14%
AUB	B	0.13%
NWE	B	0.13%
ROIC	A	0.13%
NHI	D	0.13%
CNA	C	0.12%
LXP	D	0.12%
CVBF	A	0.12%
NTST	C	0.11%
FCPT	C	0.11%
PFS	B	0.1%
FRME	B	0.08%
DEA	D	0.08%
LTC	B	0.08%
NWN	A	0.08%
TOWN	B	0.07%
NBTB	B	0.07%
HOPE	C	0.07%
UVV	B	0.07%
FFBC	B	0.07%
UNIT	B	0.07%
GTY	A	0.07%
NWBI	B	0.07%
PINC	B	0.06%
AAT	B	0.06%
PFBC	B	0.06%
LADR	B	0.06%
FCF	B	0.06%

LVHD Underweight 109 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	B	-5.81%
MSFT	D	-4.91%
META	D	-3.1%
PG	C	-3.03%
ABBV	F	-2.58%
ACN	B	-1.93%
GOOGL	C	-1.84%
INTU	B	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
LOW	C	-1.27%
UNP	C	-1.24%
ADP	A	-1.11%
GILD	C	-1.0%
MS	A	-0.98%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	F	-0.83%
SBUX	A	-0.76%
KLAC	F	-0.76%
CAT	B	-0.75%
JPM	A	-0.75%
ZTS	D	-0.74%
ITW	B	-0.74%
FAST	B	-0.68%
BK	A	-0.68%
MMM	D	-0.65%
FIS	C	-0.62%
AFL	B	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	A	-0.6%
KTB	B	-0.6%
JHG	B	-0.6%
PSA	C	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	B	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	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%
XOM	B	-0.5%
SMG	C	-0.5%
RDN	D	-0.49%
STWD	C	-0.49%
UGI	C	-0.49%
BPOP	C	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
MRK	D	-0.45%
MCHP	F	-0.45%
WU	F	-0.45%
POOL	C	-0.44%
WSM	C	-0.43%
TT	A	-0.43%
CFR	B	-0.42%
NUE	C	-0.42%
WY	F	-0.42%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	C	-0.39%
PFG	D	-0.39%
RHI	C	-0.38%
ALLY	C	-0.37%
SCCO	F	-0.36%
WMS	F	-0.36%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
MA	B	-0.26%
OLN	F	-0.25%
COST	A	-0.24%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
WMT	A	-0.13%
BSY	F	-0.13%
EXP	B	-0.08%
WFRD	D	-0.07%
CSWI	B	-0.07%
BKNG	A	-0.07%
MAR	A	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	C	-0.01%