NFRA vs. QLV ETF Comparison

Comparison of FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) to FlexShares US Quality Low Volatility Index Fund (QLV)

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.38

Average Daily Volume

107,940

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

$66.27

Average Daily Volume

3,466

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	NFRA	QLV
30 Days	3.41%	2.00%
60 Days	8.07%	5.11%
90 Days	12.30%	6.73%
12 Months	25.41%	30.24%

15 Overlapping Holdings

Symbol	Grade	Weight in NFRA	Weight in QLV	Overlap
AEP	C	0.81%	0.56%	0.56%
DLR	B	0.79%	0.58%	0.58%
DTM	C	0.12%	0.5%	0.12%
DUK	B	1.36%	0.91%	0.91%
ED	B	0.54%	0.83%	0.54%
EQIX	B	1.27%	0.61%	0.61%
RSG	D	0.63%	0.56%	0.56%
SO	B	1.49%	0.7%	0.7%
T	B	2.34%	1.41%	1.41%
TMUS	B	1.24%	0.96%	0.96%
VZ	A	2.82%	1.7%	1.7%
WCN	D	2.3%	0.56%	0.56%
WEC	B	0.44%	0.81%	0.44%
WM	D	1.15%	0.63%	0.63%
XEL	B	0.53%	0.58%	0.53%

NFRA Overweight 49 Positions Relative to QLV

Symbol	Grade	Weight
CNI	D	3.45%
NEE	B	2.57%
CMCSA	C	2.4%
UNP	D	2.32%
AMT	C	1.65%
HCA	B	1.19%
CSX	C	1.05%
CEG	C	1.01%
NSC	C	0.86%
WMB	C	0.84%
OKE	C	0.84%
SRE	B	0.8%
PCG	C	0.79%
CCI	C	0.75%
D	C	0.73%
KMI	C	0.64%
PEG	B	0.64%
EXC	B	0.59%
TRGP	C	0.52%
EIX	B	0.5%
CHTR	D	0.49%
AWK	C	0.44%
VLTO	B	0.41%
SBAC	C	0.39%
THC	C	0.26%
UHS	C	0.2%
CLH	C	0.19%
FYBR	C	0.14%
WTRG	D	0.14%
EHC	B	0.14%
ACHC	D	0.11%
LBRDK	C	0.1%
SRCL	B	0.09%
CWST	D	0.09%
AM	B	0.08%
CWT	D	0.06%
SEM	D	0.06%
CCOI	C	0.05%
IRDM	C	0.04%
HESM	D	0.04%
AWR	C	0.04%
GEO	F	0.03%
MSEX	C	0.03%
NFE	F	0.02%
SJW	F	0.02%
PCT	C	0.02%
CXW	F	0.02%
UNIT	C	0.01%
FSLY	D	0.01%

NFRA Underweight 99 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	C	-8.11%
AAPL	C	-5.17%
NVDA	C	-4.47%
PG	C	-3.26%
LLY	D	-2.81%
MRK	F	-2.74%
AMZN	C	-2.25%
V	C	-2.1%
MCD	B	-1.95%
JNJ	C	-1.84%
IBM	B	-1.82%
PEP	D	-1.62%
META	B	-1.24%
LMT	A	-1.12%
ABBV	B	-1.11%
XOM	D	-1.11%
GILD	B	-1.02%
PSA	C	-0.91%
ABT	C	-0.91%
CME	B	-0.88%
TXN	B	-0.87%
ADP	C	-0.85%
GIS	B	-0.84%
AMGN	D	-0.83%
GOOGL	D	-0.81%
WTW	B	-0.8%
ATR	B	-0.8%
CHE	C	-0.78%
RGLD	C	-0.78%
CHKP	B	-0.78%
TYL	C	-0.77%
K	A	-0.77%
DOX	C	-0.77%
AIZ	B	-0.76%
WDFC	C	-0.75%
QLYS	D	-0.74%
SMMT	D	-0.73%
LSTR	D	-0.73%
CB	B	-0.73%
QGEN	C	-0.72%
STNG	D	-0.71%
AVY	C	-0.69%
REGN	D	-0.69%
GD	C	-0.64%
NOC	B	-0.63%
TRV	C	-0.62%
ALL	C	-0.61%
CTVA	B	-0.59%
BRK.A	C	-0.58%
GOOG	D	-0.57%
ZM	C	-0.57%
PKG	B	-0.56%
AZO	B	-0.55%
JKHY	B	-0.54%
CINF	C	-0.54%
CMS	B	-0.54%
AEE	B	-0.53%
TTEK	C	-0.53%
SON	D	-0.53%
WRB	D	-0.52%
CALM	B	-0.51%
HSY	D	-0.51%
BAH	B	-0.51%
ADC	C	-0.51%
SIGI	D	-0.51%
FLO	C	-0.51%
PNW	C	-0.51%
CTRA	F	-0.5%
HII	F	-0.5%
MKL	C	-0.5%
SCI	C	-0.5%
TSCO	B	-0.49%
CHRW	B	-0.46%
NBIX	F	-0.42%
HRL	F	-0.42%
BMRN	F	-0.4%
AVGO	C	-0.39%
NFG	B	-0.37%
VRSK	D	-0.37%
SLGN	B	-0.32%
CRUS	D	-0.32%
MCK	F	-0.29%
BMI	B	-0.28%
DDS	D	-0.26%
SQSP	B	-0.24%
EA	D	-0.2%
PM	C	-0.2%
JPM	D	-0.19%
ALKS	D	-0.19%
LIN	B	-0.19%
ADI	C	-0.17%
CAG	B	-0.15%
ROP	C	-0.14%
NCNO	F	-0.1%
L	D	-0.1%
CWAN	C	-0.08%
UNH	C	-0.07%
MMC	C	-0.05%
EXPD	B	-0.03%