QDF vs. IYM ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to iShares U.S. Basic Materials ETF (IYM)

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

IYM

iShares U.S. Basic Materials ETF

IYM Description

The investment seeks to track the investment results of an index composed of U.S. equities in the basic materials sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Basic Materials Index (the "underlying index"), which measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$146.82

Average Daily Volume

12,519

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	IYM
30 Days	1.66%	-2.48%
60 Days	2.62%	0.16%
90 Days	4.00%	1.98%
12 Months	26.92%	15.34%

4 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in IYM	Overlap
FAST	B	0.68%	4.33%	0.68%
NUE	C	0.42%	3.6%	0.42%
OLN	D	0.25%	0.81%	0.25%
SMG	D	0.5%	0.52%	0.5%

QDF Overweight 123 Positions Relative to IYM

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	C	5.81%
MSFT	F	4.91%
META	D	3.1%
PG	A	3.03%
JNJ	D	3.01%
ABBV	D	2.58%
KO	D	2.16%
ACN	C	1.93%
GOOGL	C	1.84%
HD	A	1.77%
INTU	C	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
PM	B	1.41%
LOW	D	1.27%
UNP	C	1.24%
ADP	B	1.11%
GILD	C	1.0%
MS	A	0.98%
MO	A	0.89%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
KLAC	D	0.76%
CAT	B	0.75%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
BK	A	0.68%
MMM	D	0.65%
PAYX	C	0.63%
LMT	D	0.62%
FIS	C	0.62%
AFL	B	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
JHG	A	0.6%
PSA	D	0.6%
D	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
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%
CHRW	C	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%
OHI	C	0.52%
CPT	B	0.51%
IVZ	B	0.51%
OGE	B	0.51%
XOM	B	0.5%
RDN	C	0.49%
STWD	C	0.49%
UGI	A	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
DVN	F	0.46%
MRK	F	0.45%
IPG	D	0.45%
MCHP	D	0.45%
WU	D	0.45%
POOL	C	0.44%
WSM	B	0.43%
TT	A	0.43%
CFR	B	0.42%
EVRG	A	0.42%
WY	D	0.42%
HST	C	0.41%
SWKS	F	0.4%
V	A	0.4%
CTAS	B	0.39%
LNC	B	0.39%
PFG	D	0.39%
RHI	B	0.38%
ALLY	C	0.37%
CUBE	D	0.37%
SCCO	F	0.36%
WMS	D	0.36%
APLE	B	0.35%
EIX	B	0.34%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
MA	C	0.26%
COST	B	0.24%
NNN	D	0.23%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PNW	B	0.16%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
WMT	A	0.13%
BSY	D	0.13%
EXP	A	0.08%
WFRD	D	0.07%
CSWI	A	0.07%
BKNG	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 31 Positions Relative to IYM

Symbol	Grade	Weight
LIN	D	-21.46%
APD	A	-8.43%
FCX	D	-7.45%
ECL	D	-7.43%
NEM	D	-3.53%
STLD	B	-3.39%
IP	B	-3.26%
RS	B	-2.93%
IFF	D	-2.7%
LYB	F	-2.68%
CF	B	-2.59%
AVY	D	-2.54%
ALB	C	-1.98%
EMN	D	-1.95%
AA	B	-1.71%
RGLD	C	-1.52%
RBC	A	-1.47%
MOS	F	-1.39%
X	C	-1.34%
CE	F	-1.33%
FMC	D	-1.14%
ESI	A	-1.05%
CLF	F	-0.91%
HXL	D	-0.81%
TKR	D	-0.8%
WLK	D	-0.7%
ASH	D	-0.65%
NEU	C	-0.61%
HUN	F	-0.52%
CC	C	-0.48%
MP	B	-0.4%