NDOW vs. QLVE ETF Comparison

Comparison of Anydrus Advantage ETF (NDOW) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

NDOW

Anydrus Advantage ETF

NDOW Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

Grade (RS Rating)

Last Trade

$25.02

Average Daily Volume

2,597

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets 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 emerging market countries. Under normal circumstances, 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

$25.66

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NDOW	QLVE
30 Days	-0.92%	-4.07%
60 Days	-1.17%	-3.07%
90 Days	-0.44%	-1.52%
12 Months		14.89%

3 Overlapping Holdings

Symbol	Grade	Weight in NDOW	Weight in QLVE	Overlap
BABA	D	0.58%	2.53%	0.58%
BIDU	F	0.52%	0.04%	0.04%
NTES	D	0.49%	0.45%	0.45%

NDOW Overweight 34 Positions Relative to QLVE

Symbol	Grade	Weight
FLIA	C	9.25%
IBTH	D	8.45%
VGIT	D	8.32%
IEI	D	6.88%
XEMD	A	6.18%
SCHI	D	4.92%
IDMO	C	4.91%
BSJS	A	4.58%
SPMO	A	4.39%
BKLC	A	4.35%
SCHD	A	4.25%
XSVN	F	3.86%
VGLT	D	2.83%
GLTR	C	2.66%
SRE	A	1.03%
ETN	A	1.01%
JPM	A	0.99%
BCC	B	0.86%
NEE	C	0.85%
NXPI	D	0.8%
FCX	F	0.8%
NICE	D	0.68%
MPWR	F	0.63%
OGN	F	0.62%
ESEA	D	0.62%
VRTX	D	0.62%
BNTX	C	0.61%
FINV	B	0.58%
ABBV	F	0.5%
YY	B	0.49%
INFY	C	0.48%
E	F	0.46%
PBR	D	0.45%
REGN	F	0.42%

NDOW Underweight 10 Positions Relative to QLVE

Symbol	Grade	Weight
BAP	A	-1.02%
CHT	C	-0.94%
SKM	C	-0.77%
PDD	F	-0.71%
IBN	C	-0.68%
KT	A	-0.52%
HDB	C	-0.45%
VALE	F	-0.17%
UMC	F	-0.16%
TCOM	B	-0.02%