QDF vs. AFLG ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Active Factor Large Cap ETF (AFLG)

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

$66.56

Average Daily Volume

32,711

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

AFLG

Active Factor Large Cap ETF

AFLG Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by large capitalization companies. The manager defines large capitalization companies as those that, at the time of investment, have a minimum market capitalization equal to or greater than the minimum market capitalization of a widely recognized index of large capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$31.56

Average Daily Volume

10,143

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

Performance

Period	QDF	AFLG
30 Days	2.65%	1.94%
60 Days	6.78%	8.03%
90 Days	2.78%	3.36%
12 Months	17.54%	25.48%

69 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in AFLG	Overlap
AAPL	A	9.23%	7.39%	7.39%
ABBV	B	2.91%	0.99%	0.99%
ACN	C	1.78%	0.21%	0.21%
AFL	B	0.58%	0.7%	0.58%
AVGO	B	1.05%	1.51%	1.05%
BBWI	F	0.01%	0.18%	0.01%
BK	A	0.59%	0.41%	0.41%
CAT	C	0.2%	0.54%	0.2%
CL	B	0.17%	0.68%	0.17%
CMCSA	F	0.66%	0.55%	0.55%
COP	D	0.05%	0.09%	0.05%
COST	B	0.2%	1.02%	0.2%
CPT	A	0.53%	0.1%	0.1%
CRM	D	0.05%	0.51%	0.05%
CSCO	C	1.89%	0.41%	0.41%
CTAS	B	0.34%	0.63%	0.34%
CVX	C	0.07%	0.48%	0.07%
DPZ	C	0.22%	0.13%	0.13%
EA	B	0.53%	0.31%	0.31%
EBAY	B	0.56%	0.1%	0.1%
EIX	D	0.32%	0.21%	0.21%
EQR	A	0.54%	0.05%	0.05%
EVRG	D	0.37%	0.26%	0.26%
FAST	D	0.5%	0.04%	0.04%
FIS	C	0.55%	0.3%	0.3%
GILD	C	0.84%	0.49%	0.49%
GOOGL	A	2.08%	2.52%	2.08%
HD	C	1.58%	0.19%	0.19%
HST	D	0.45%	0.43%	0.43%
ITW	D	0.7%	0.06%	0.06%
IVZ	D	0.47%	0.04%	0.04%
JNJ	F	3.03%	0.75%	0.75%
KLAC	B	1.07%	0.15%	0.15%
LMT	A	0.56%	0.06%	0.06%
LOW	D	1.11%	0.29%	0.29%
LYB	D	0.45%	0.08%	0.08%
MA	D	0.27%	0.22%	0.22%
MAA	B	0.53%	0.46%	0.46%
MET	D	0.51%	0.04%	0.04%
META	B	2.77%	1.7%	1.7%
MMM	B	0.59%	0.45%	0.45%
MO	A	0.79%	0.9%	0.79%
MPC	C	0.67%	0.3%	0.3%
MRK	C	0.16%	0.92%	0.16%
MSFT	A	5.7%	5.57%	5.57%
NUE	D	0.47%	0.43%	0.43%
NVDA	B	5.31%	4.69%	4.69%
PEG	A	0.56%	0.25%	0.25%
PFG	D	0.39%	0.04%	0.04%
PG	C	3.18%	1.01%	1.01%
PKG	B	0.53%	0.06%	0.06%
PRU	B	0.56%	0.1%	0.1%
PSA	B	0.57%	0.05%	0.05%
QCOM	B	1.26%	0.82%	0.82%
RHI	F	0.35%	0.35%	0.35%
SCCO	C	0.24%	0.14%	0.14%
SNA	F	0.43%	0.51%	0.43%
SWKS	B	0.59%	0.29%	0.29%
TPR	B	0.45%	0.4%	0.4%
UNH	D	0.44%	0.25%	0.25%
V	D	0.37%	0.57%	0.37%
VLO	C	0.05%	0.38%	0.05%
VRT	D	0.49%	0.12%	0.12%
WMS	D	0.47%	0.05%	0.05%
WMT	B	0.07%	0.39%	0.07%
WSM	C	0.48%	0.38%	0.38%
WTW	B	0.51%	0.05%	0.05%
WU	D	0.45%	0.36%	0.36%
XOM	C	0.76%	1.28%	0.76%

QDF Overweight 59 Positions Relative to AFLG

Symbol	Grade	Weight
KO	A	2.56%
GOOG	A	1.83%
INTU	B	1.77%
LRCX	B	1.39%
UNP	D	1.27%
PM	A	1.16%
NKE	F	1.12%
ADP	D	0.95%
ZTS	C	0.79%
MS	B	0.75%
JPM	A	0.66%
SBUX	F	0.63%
AVB	A	0.56%
D	D	0.54%
MCHP	C	0.54%
PAYX	D	0.51%
NYT	A	0.5%
ORI	D	0.49%
SMG	D	0.49%
JHG	B	0.49%
RDN	B	0.49%
UDR	B	0.48%
OMF	D	0.48%
BXMT	D	0.48%
CHRW	B	0.48%
BPOP	C	0.47%
STWD	D	0.46%
UGI	D	0.45%
OGE	D	0.45%
NSA	B	0.45%
CMA	C	0.44%
CVI	F	0.44%
ALLY	B	0.43%
POOL	F	0.41%
WMG	D	0.41%
FAF	D	0.41%
WDFC	D	0.4%
BTU	C	0.4%
WY	F	0.4%
TGNA	D	0.37%
LNC	B	0.37%
CUBE	B	0.36%
AFG	D	0.35%
APLE	D	0.34%
CFR	C	0.32%
OLN	F	0.32%
HON	B	0.31%
IRDM	F	0.31%
DDS	D	0.18%
HRB	A	0.16%
PNW	C	0.15%
BSY	D	0.15%
RMD	D	0.15%
BRX	B	0.14%
WING	A	0.13%
EXP	F	0.06%
BAC	A	0.05%
RPRX	F	0.05%
MAR	B	0.04%

QDF Underweight 175 Positions Relative to AFLG

Symbol	Grade	Weight
AMZN	A	-2.27%
BRK.A	C	-1.52%
ELV	B	-1.01%
VST	C	-0.97%
HIG	C	-0.86%
NRG	C	-0.86%
RL	C	-0.81%
CEG	C	-0.78%
NTAP	A	-0.75%
UHS	B	-0.74%
BSX	B	-0.71%
LLY	A	-0.69%
NFLX	B	-0.69%
APH	B	-0.68%
PCAR	D	-0.66%
RS	D	-0.65%
FICO	A	-0.64%
ECL	B	-0.63%
MCK	B	-0.6%
ETN	D	-0.6%
SPG	B	-0.59%
VZ	A	-0.53%
PHM	D	-0.52%
NVR	C	-0.52%
BBY	B	-0.51%
STLD	C	-0.51%
AMAT	B	-0.51%
HPQ	B	-0.51%
AOS	D	-0.49%
FE	D	-0.49%
EME	C	-0.49%
MAS	D	-0.48%
FOXA	B	-0.46%
BMY	F	-0.46%
TT	C	-0.46%
KR	C	-0.45%
CTSH	C	-0.44%
CMI	D	-0.44%
OGN	C	-0.43%
VICI	D	-0.43%
CNA	A	-0.43%
FFIV	C	-0.43%
CSL	C	-0.42%
OC	C	-0.42%
GDDY	A	-0.41%
GLPI	C	-0.41%
DVN	C	-0.4%
CBOE	D	-0.39%
CF	D	-0.39%
IBM	B	-0.39%
ICE	A	-0.39%
CMG	C	-0.38%
HSIC	D	-0.38%
PSX	C	-0.37%
PGR	C	-0.37%
AXP	C	-0.36%
WAB	D	-0.35%
HLT	B	-0.34%
DHI	D	-0.33%
IR	C	-0.32%
APP	B	-0.32%
LEN	D	-0.32%
GRMN	B	-0.31%
HWM	C	-0.31%
AIG	D	-0.31%
DECK	B	-0.31%
ADBE	B	-0.31%
MANH	B	-0.3%
IBKR	A	-0.29%
BLDR	F	-0.29%
MTCH	F	-0.28%
FDX	A	-0.28%
IP	B	-0.28%
BRO	B	-0.27%
LII	B	-0.27%
BKNG	B	-0.27%
NWSA	B	-0.26%
BAH	C	-0.26%
ED	D	-0.26%
TRV	D	-0.25%
WRB	B	-0.24%
MRO	B	-0.24%
CNC	D	-0.24%
UBER	B	-0.23%
HUM	C	-0.23%
WPC	D	-0.23%
RF	B	-0.23%
CME	D	-0.23%
TROW	B	-0.22%
SYF	A	-0.22%
CFG	C	-0.22%
VRSN	D	-0.22%
CVS	D	-0.21%
SOLV	F	-0.21%
PPG	F	-0.21%
INCY	B	-0.21%
KEYS	F	-0.2%
BEN	F	-0.2%
LKQ	F	-0.2%
AZO	C	-0.2%
ACGL	B	-0.2%
SHW	D	-0.19%
PH	D	-0.19%
ZM	D	-0.19%
GE	D	-0.19%
L	D	-0.18%
NTNX	C	-0.18%
CI	D	-0.17%
T	A	-0.17%
EG	B	-0.17%
JBL	F	-0.17%
ULTA	F	-0.17%
GWW	D	-0.17%
CDNS	B	-0.16%
DELL	B	-0.16%
EXPE	C	-0.16%
MSI	A	-0.15%
SYK	B	-0.15%
TJX	A	-0.15%
VSCO	F	-0.15%
ERIE	C	-0.14%
GL	C	-0.14%
AMP	C	-0.14%
AIZ	D	-0.14%
IT	B	-0.14%
CAH	D	-0.13%
LDOS	B	-0.13%
ANET	A	-0.13%
SNPS	B	-0.12%
KHC	D	-0.12%
MDLZ	D	-0.12%
ETSY	F	-0.11%
MOH	F	-0.1%
J	D	-0.1%
CRBG	B	-0.1%
QRVO	B	-0.1%
CDW	D	-0.1%
RPM	D	-0.1%
VTRS	D	-0.09%
SSNC	B	-0.09%
TXT	D	-0.09%
TOL	D	-0.09%
BG	B	-0.09%
DKNG	F	-0.09%
TEL	B	-0.09%
ADM	F	-0.08%
IPG	F	-0.08%
DINO	D	-0.08%
DXC	C	-0.08%
PSTG	B	-0.07%
NXPI	B	-0.07%
ORLY	C	-0.07%
SO	C	-0.07%
ALL	C	-0.07%
ROST	B	-0.06%
WSO	C	-0.06%
PINS	B	-0.06%
ROL	B	-0.06%
KMB	B	-0.06%
STT	C	-0.05%
EPAM	D	-0.05%
DASH	D	-0.05%
ZION	C	-0.05%
VRSK	B	-0.05%
WBA	F	-0.05%
GEV	B	-0.05%
BWA	F	-0.04%
AMCR	C	-0.04%
HOLX	C	-0.04%
CELH	F	-0.04%
PPL	D	-0.04%
MOS	F	-0.03%
ALLE	D	-0.01%
TDG	C	-0.01%
EQH	B	-0.0%