QDF vs. DFNV ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

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

$71.36

Average Daily Volume

47,021

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

2,436

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	DFNV
30 Days	2.35%	4.07%
60 Days	5.23%	6.70%
90 Days	7.81%	5.96%
12 Months	30.55%	34.39%

14 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in DFNV	Overlap
AAPL	C	8.55%	8.55%	8.55%
ABBV	B	3.01%	3.28%	3.01%
AVGO	C	0.93%	4.32%	0.93%
EA	D	0.5%	1.05%	0.5%
GILD	B	0.95%	1.94%	0.95%
INTU	D	1.64%	2.32%	1.64%
JNJ	C	3.18%	2.97%	2.97%
MCHP	D	0.54%	1.01%	0.54%
MMM	B	0.69%	1.41%	0.69%
NTAP	D	0.23%	0.91%	0.23%
QCOM	D	1.71%	2.51%	1.71%
RMD	C	0.18%	0.87%	0.18%
SWKS	F	0.47%	0.64%	0.47%
VRT	C	0.66%	0.96%	0.66%

QDF Overweight 111 Positions Relative to DFNV

Symbol	Grade	Weight
MSFT	C	5.1%
NVDA	C	5.03%
META	B	3.16%
PG	C	3.09%
KO	B	2.51%
ACN	C	1.86%
HD	B	1.73%
GOOGL	D	1.71%
GOOG	D	1.51%
UNP	D	1.33%
PM	C	1.3%
LOW	B	1.25%
ADP	C	1.04%
LRCX	D	0.98%
NKE	D	0.98%
KLAC	D	0.95%
ZTS	B	0.81%
MO	C	0.81%
CAT	B	0.76%
MS	B	0.76%
ITW	B	0.71%
SBUX	C	0.71%
LMT	A	0.67%
PSA	C	0.65%
JPM	D	0.65%
EBAY	B	0.62%
BK	B	0.62%
AFL	A	0.61%
FAST	C	0.6%
PAYX	C	0.6%
PEG	B	0.6%
FIS	C	0.59%
PRU	C	0.58%
AVB	C	0.58%
D	C	0.58%
MAA	C	0.57%
NSA	C	0.56%
EQR	C	0.56%
OHI	C	0.55%
SMG	B	0.55%
MPC	F	0.55%
NXPI	D	0.55%
CPT	C	0.54%
MET	B	0.54%
CHRW	B	0.54%
STWD	B	0.53%
MRK	F	0.53%
IVZ	B	0.52%
WTW	B	0.52%
VIRT	C	0.52%
KTB	B	0.52%
JHG	B	0.52%
NEP	C	0.51%
IPG	C	0.51%
ORI	B	0.51%
VLO	F	0.51%
CMA	C	0.51%
UGI	B	0.5%
RDN	D	0.5%
BPOP	C	0.5%
WU	C	0.5%
XOM	D	0.49%
DVN	F	0.49%
WSM	C	0.49%
OGE	B	0.49%
FAF	B	0.47%
TPR	A	0.46%
POOL	C	0.46%
WY	C	0.46%
SNA	B	0.45%
HST	D	0.44%
WDFC	C	0.43%
NUE	D	0.43%
OMF	D	0.43%
WMS	D	0.42%
EVRG	B	0.41%
TT	B	0.41%
CUBE	C	0.41%
SCCO	C	0.4%
PFG	B	0.39%
CTAS	C	0.37%
EIX	B	0.35%
APLE	C	0.35%
RHI	D	0.35%
V	C	0.35%
ALLY	F	0.35%
LNC	C	0.35%
CFR	C	0.34%
IRDM	C	0.32%
OLN	D	0.28%
BR	C	0.28%
WING	C	0.26%
NNN	B	0.26%
MA	B	0.25%
COST	C	0.24%
HRB	C	0.18%
DPZ	D	0.17%
CL	C	0.17%
PNW	C	0.15%
BSY	C	0.14%
PAYC	D	0.13%
WMT	B	0.12%
EXP	B	0.08%
WFRD	F	0.07%
CSWI	B	0.06%
BKNG	B	0.06%
MAR	B	0.04%
COP	F	0.04%
STNG	D	0.02%
BAC	D	0.02%
BBWI	D	0.01%

QDF Underweight 84 Positions Relative to DFNV

Symbol	Grade	Weight
NOW	C	-2.61%
ADBE	F	-2.5%
CRM	C	-2.42%
IBM	B	-2.34%
UBER	C	-2.12%
AMGN	D	-1.99%
BMY	C	-1.9%
PANW	D	-1.79%
ANET	C	-1.63%
PLTR	C	-1.56%
MSI	B	-1.5%
SPOT	C	-1.48%
CRWD	D	-1.47%
FTNT	B	-1.35%
APP	C	-1.31%
PYPL	B	-1.29%
DASH	B	-1.29%
TTD	B	-1.18%
WDAY	D	-1.18%
ADSK	B	-1.17%
DDOG	D	-1.12%
SNOW	F	-1.11%
VEEV	C	-1.07%
TEAM	D	-0.97%
RBLX	C	-0.96%
ZS	F	-0.88%
MANH	B	-0.78%
PINS	D	-0.78%
PTC	C	-0.76%
PSTG	F	-0.75%
EXPE	C	-0.72%
DT	C	-0.71%
NTNX	D	-0.7%
ZM	C	-0.69%
UI	B	-0.67%
ENPH	D	-0.66%
DOCU	C	-0.63%
DUOL	C	-0.63%
VRSN	C	-0.62%
FFIV	B	-0.58%
NBIX	F	-0.57%
SOLV	D	-0.56%
JKHY	B	-0.56%
HAS	B	-0.55%
MTCH	C	-0.53%
SMAR	A	-0.52%
PCTY	D	-0.5%
QRVO	F	-0.5%
DBX	C	-0.47%
ETSY	D	-0.47%
NYT	B	-0.46%
HALO	D	-0.46%
PEGA	B	-0.45%
CVLT	B	-0.45%
CRUS	D	-0.44%
MAT	D	-0.42%
GNRC	D	-0.42%
PI	B	-0.42%
JAZZ	D	-0.42%
ZETA	C	-0.42%
PATH	D	-0.41%
ALTR	C	-0.4%
TENB	F	-0.38%
BOX	C	-0.38%
LYFT	D	-0.37%
QLYS	D	-0.36%
ALKS	D	-0.32%
CWAN	C	-0.31%
IGT	D	-0.3%
BL	D	-0.25%
YOU	B	-0.23%
PLTK	C	-0.23%
TDC	D	-0.22%
FLNC	C	-0.22%
ACAD	F	-0.21%
ALRM	F	-0.21%
AMZN	C	-0.2%
PRGS	A	-0.2%
RNG	F	-0.2%
PTGX	C	-0.2%
YELP	D	-0.18%
VERX	D	-0.18%
CMPR	F	-0.17%
RPD	D	-0.17%