QDF vs. FLQL ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Franklin LibertyQ U.S. Equity ETF (FLQL)

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

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	QDF	FLQL
30 Days	1.66%	2.44%
60 Days	2.62%	3.55%
90 Days	4.00%	4.50%
12 Months	26.92%	31.26%

49 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in FLQL	Overlap
AAPL	C	8.54%	7.0%	7.0%
ABBV	D	2.58%	1.33%	1.33%
AFL	B	0.62%	0.23%	0.23%
AVB	B	0.58%	0.1%	0.1%
AVGO	D	0.88%	1.77%	0.88%
BKNG	A	0.07%	1.19%	0.07%
CAT	B	0.75%	1.27%	0.75%
CHRW	C	0.55%	0.1%	0.1%
CL	D	0.15%	0.52%	0.15%
COST	B	0.24%	1.7%	0.24%
CTAS	B	0.39%	0.46%	0.39%
DPZ	C	0.17%	0.11%	0.11%
DVN	F	0.46%	0.08%	0.08%
EBAY	D	0.58%	0.17%	0.17%
FAST	B	0.68%	0.33%	0.33%
GOOG	C	1.63%	1.73%	1.63%
GOOGL	C	1.84%	2.04%	1.84%
HRB	D	0.17%	0.09%	0.09%
JHG	A	0.6%	0.11%	0.11%
JNJ	D	3.01%	1.55%	1.55%
JPM	A	0.75%	1.23%	0.75%
KLAC	D	0.76%	0.67%	0.67%
LMT	D	0.62%	0.4%	0.4%
LNC	B	0.39%	0.11%	0.11%
LRCX	F	0.87%	0.66%	0.66%
MA	C	0.26%	1.79%	0.26%
MCHP	D	0.45%	0.23%	0.23%
META	D	3.1%	2.48%	2.48%
MO	A	0.89%	0.85%	0.85%
MRK	F	0.45%	1.21%	0.45%
MSFT	F	4.91%	5.96%	4.91%
NNN	D	0.23%	0.09%	0.09%
NTAP	C	0.22%	0.21%	0.21%
NVDA	C	5.81%	6.71%	5.81%
OHI	C	0.52%	0.1%	0.1%
PEG	A	0.61%	0.22%	0.22%
PM	B	1.41%	0.71%	0.71%
PSA	D	0.6%	0.38%	0.38%
QCOM	F	1.68%	1.22%	1.22%
RMD	C	0.17%	0.13%	0.13%
SCCO	F	0.36%	0.1%	0.1%
SWKS	F	0.4%	0.09%	0.09%
TT	A	0.43%	0.65%	0.43%
UGI	A	0.49%	0.1%	0.1%
WING	D	0.2%	0.08%	0.08%
WMT	A	0.13%	1.68%	0.13%
WSM	B	0.43%	0.15%	0.15%
WU	D	0.45%	0.09%	0.09%
XOM	B	0.5%	0.63%	0.5%

QDF Overweight 78 Positions Relative to FLQL

Symbol	Grade	Weight
PG	A	3.03%
KO	D	2.16%
ACN	C	1.93%
HD	A	1.77%
INTU	C	1.74%
LOW	D	1.27%
UNP	C	1.24%
ADP	B	1.11%
GILD	C	1.0%
MS	A	0.98%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
ZTS	D	0.74%
ITW	B	0.74%
BK	A	0.68%
MMM	D	0.65%
PAYX	C	0.63%
FIS	C	0.62%
PRU	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
D	C	0.59%
EA	A	0.58%
CMA	A	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%
EQR	B	0.55%
MAA	B	0.55%
VLO	C	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
CPT	B	0.51%
IVZ	B	0.51%
OGE	B	0.51%
SMG	D	0.5%
RDN	C	0.49%
STWD	C	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
IPG	D	0.45%
POOL	C	0.44%
CFR	B	0.42%
NUE	C	0.42%
EVRG	A	0.42%
WY	D	0.42%
HST	C	0.41%
V	A	0.4%
PFG	D	0.39%
RHI	B	0.38%
ALLY	C	0.37%
CUBE	D	0.37%
WMS	D	0.36%
APLE	B	0.35%
EIX	B	0.34%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
OLN	D	0.25%
PNW	B	0.16%
PAYC	B	0.16%
COR	B	0.14%
BSY	D	0.13%
EXP	A	0.08%
WFRD	D	0.07%
CSWI	A	0.07%
MAR	B	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	D	0.01%

QDF Underweight 161 Positions Relative to FLQL

Symbol	Grade	Weight
AMZN	C	-2.92%
IBM	C	-1.31%
LLY	F	-1.31%
ISRG	A	-1.3%
VZ	C	-1.24%
TXN	C	-1.24%
TSLA	B	-1.13%
BRK.A	B	-1.11%
T	A	-1.07%
AMGN	D	-1.05%
C	A	-0.97%
AMAT	F	-0.96%
TJX	A	-0.95%
SYK	C	-0.94%
VRTX	F	-0.92%
ORCL	B	-0.88%
BSX	B	-0.84%
ANET	C	-0.77%
WM	A	-0.67%
GS	A	-0.6%
APH	A	-0.6%
TMUS	B	-0.59%
REGN	F	-0.59%
MSI	B	-0.58%
CMG	B	-0.57%
CI	F	-0.56%
CB	C	-0.56%
MCO	B	-0.56%
PH	A	-0.52%
UNH	C	-0.52%
RTX	C	-0.5%
HCA	F	-0.49%
SPG	B	-0.46%
PCAR	B	-0.44%
APP	B	-0.42%
GD	F	-0.39%
GWW	B	-0.38%
URI	B	-0.38%
DHI	D	-0.36%
GM	B	-0.35%
HLT	A	-0.33%
ADI	D	-0.32%
RSG	A	-0.31%
LEN	D	-0.3%
HPQ	B	-0.29%
SO	D	-0.29%
ELV	F	-0.28%
ACGL	D	-0.26%
CMI	A	-0.26%
HWM	A	-0.25%
GRMN	B	-0.25%
CTSH	B	-0.24%
SPOT	B	-0.22%
PHM	D	-0.22%
DECK	A	-0.22%
SYF	B	-0.21%
HPE	B	-0.21%
DAL	C	-0.2%
FANG	D	-0.2%
DELL	C	-0.19%
HIG	B	-0.19%
GLW	B	-0.19%
NVR	D	-0.19%
IRM	D	-0.18%
LDOS	C	-0.17%
FICO	B	-0.17%
WAB	B	-0.17%
RCL	A	-0.17%
LYB	F	-0.16%
TPL	A	-0.16%
ETR	B	-0.16%
STLD	B	-0.16%
PKG	A	-0.15%
LII	A	-0.15%
CSL	C	-0.15%
TSCO	D	-0.15%
O	D	-0.15%
KMB	D	-0.14%
WSO	A	-0.13%
OC	A	-0.13%
TOL	B	-0.13%
CFG	B	-0.13%
IP	B	-0.13%
TNL	A	-0.12%
NRG	B	-0.12%
EME	C	-0.12%
AWI	A	-0.12%
RL	B	-0.12%
JEF	A	-0.12%
MAS	D	-0.12%
AYI	B	-0.12%
EVR	B	-0.12%
UTHR	C	-0.12%
FIX	A	-0.12%
ALSN	B	-0.12%
DTM	B	-0.12%
AXS	A	-0.11%
BJ	A	-0.11%
MUSA	A	-0.11%
FOXA	B	-0.11%
EXR	D	-0.11%
PPC	C	-0.11%
FOX	A	-0.11%
CW	B	-0.11%
R	B	-0.11%
LOPE	B	-0.11%
CASY	A	-0.11%
RGA	A	-0.11%
G	B	-0.11%
CF	B	-0.11%
ESS	B	-0.11%
TXRH	C	-0.11%
THC	D	-0.11%
BBY	D	-0.11%
ROL	B	-0.1%
K	A	-0.1%
EMN	D	-0.1%
DGX	A	-0.1%
CLH	B	-0.1%
LAMR	D	-0.1%
UHS	D	-0.1%
NFG	A	-0.1%
DVA	B	-0.1%
ADC	B	-0.1%
DKS	C	-0.1%
VICI	C	-0.1%
KRC	C	-0.1%
INGR	B	-0.1%
KEX	C	-0.1%
RGLD	C	-0.1%
EHC	B	-0.1%
CUZ	B	-0.1%
AMCR	D	-0.09%
JNPR	F	-0.09%
MPWR	F	-0.09%
EPR	D	-0.09%
PK	B	-0.09%
SNX	C	-0.09%
CACI	D	-0.09%
NEU	C	-0.09%
GAP	C	-0.09%
GPK	C	-0.09%
CHE	D	-0.09%
LEN	D	-0.09%
GLPI	C	-0.09%
AVT	C	-0.09%
OMC	C	-0.09%
MTG	C	-0.09%
M	D	-0.09%
SSNC	B	-0.09%
HIW	D	-0.09%
APA	D	-0.08%
CRI	D	-0.08%
COKE	C	-0.08%
CIVI	D	-0.08%
MEDP	D	-0.08%
TER	D	-0.08%
CROX	D	-0.07%
OGN	D	-0.07%
CRUS	D	-0.07%
MDU	D	-0.07%