QDF vs. OUSA ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to O'Shares FTSE U.S. Quality Dividend ETF (OUSA)

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

$71.51

Average Daily Volume

26,562

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$53.98

Average Daily Volume

35,911

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDF	OUSA
30 Days	0.01%	-0.13%
60 Days	3.35%	2.42%
90 Days	4.74%	5.68%
12 Months	26.45%	26.10%

38 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in OUSA	Overlap
AAPL	C	8.28%	4.95%	4.95%
ABBV	F	2.67%	1.04%	1.04%
ACN	B	1.93%	2.79%	1.93%
ADP	A	1.13%	0.77%	0.77%
AVGO	C	0.94%	0.45%	0.45%
CAT	B	0.76%	0.64%	0.64%
CL	F	0.15%	0.32%	0.15%
COST	B	0.24%	0.82%	0.24%
CTAS	B	0.4%	1.12%	0.4%
EA	A	0.55%	0.54%	0.54%
EBAY	C	0.58%	0.33%	0.33%
FAST	B	0.69%	0.86%	0.69%
GILD	B	1.08%	0.21%	0.21%
GOOGL	C	1.87%	4.1%	1.87%
HD	B	1.73%	5.17%	1.73%
INTU	A	1.77%	0.16%	0.16%
ITW	B	0.74%	1.33%	0.74%
JNJ	D	2.98%	4.28%	2.98%
JPM	A	0.72%	0.45%	0.45%
KO	F	2.19%	0.78%	0.78%
LMT	D	0.65%	1.09%	0.65%
LOW	B	1.27%	1.45%	1.27%
MA	B	0.26%	3.87%	0.26%
MO	A	0.84%	0.63%	0.63%
MRK	F	0.46%	4.09%	0.46%
MSFT	C	4.88%	4.83%	4.83%
NKE	F	0.84%	0.38%	0.38%
PAYX	B	0.65%	0.54%	0.54%
PG	C	2.91%	2.5%	2.5%
PM	B	1.32%	0.58%	0.58%
QCOM	F	1.7%	0.66%	0.66%
SBUX	B	0.75%	0.67%	0.67%
SNA	A	0.56%	0.27%	0.27%
TT	B	0.43%	0.24%	0.24%
UNP	D	1.27%	0.76%	0.76%
V	A	0.39%	5.2%	0.39%
WMT	A	0.13%	0.46%	0.13%
ZTS	D	0.73%	0.47%	0.47%

QDF Overweight 89 Positions Relative to OUSA

Symbol	Grade	Weight
NVDA	A	5.94%
META	B	3.22%
GOOG	C	1.65%
MS	A	0.97%
LRCX	F	0.92%
VRT	B	0.84%
KLAC	F	0.81%
BK	B	0.67%
MMM	C	0.66%
FIS	B	0.61%
PEG	C	0.6%
GEN	B	0.6%
JHG	A	0.6%
AFL	C	0.6%
VIRT	B	0.59%
KTB	A	0.59%
PRU	B	0.59%
CMA	A	0.59%
PSA	D	0.59%
AVB	B	0.58%
D	D	0.58%
WTW	A	0.56%
MAA	C	0.55%
OHI	C	0.54%
MET	C	0.54%
IVZ	B	0.53%
ORI	A	0.53%
EQR	C	0.53%
CHRW	A	0.53%
MPC	D	0.52%
OGE	B	0.52%
OMF	A	0.52%
VLO	C	0.52%
NXPI	F	0.52%
CPT	C	0.51%
TPR	A	0.51%
NSA	D	0.49%
XOM	B	0.49%
SMG	D	0.49%
IPG	F	0.48%
BPOP	C	0.48%
MCHP	F	0.48%
STWD	C	0.48%
RDN	C	0.48%
WDFC	B	0.47%
UGI	D	0.47%
NUE	D	0.45%
FAF	C	0.45%
POOL	D	0.45%
DVN	F	0.45%
WU	F	0.44%
CFR	B	0.43%
HST	D	0.42%
WY	F	0.42%
WSM	F	0.41%
EVRG	A	0.41%
SWKS	F	0.41%
LNC	B	0.4%
RHI	B	0.39%
PFG	C	0.39%
ALLY	C	0.38%
SCCO	F	0.37%
WMS	F	0.37%
APLE	B	0.36%
CUBE	D	0.36%
IRDM	B	0.33%
EIX	C	0.33%
NEP	F	0.32%
BR	A	0.3%
OLN	F	0.26%
NNN	F	0.23%
NTAP	D	0.22%
WING	D	0.2%
RMD	C	0.18%
HRB	D	0.17%
DPZ	C	0.17%
PNW	A	0.16%
PAYC	B	0.16%
COR	B	0.14%
BSY	F	0.13%
EXP	B	0.09%
WFRD	F	0.07%
CSWI	B	0.07%
BKNG	A	0.07%
MAR	A	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	C	0.01%

QDF Underweight 60 Positions Relative to OUSA

Symbol	Grade	Weight
CMCSA	B	-3.82%
MCD	C	-3.34%
CSCO	A	-3.07%
TXN	B	-2.52%
MMC	D	-2.18%
UNH	B	-1.88%
ABT	C	-1.46%
TJX	A	-1.34%
TMUS	A	-1.03%
LLY	F	-0.96%
PEP	D	-0.81%
T	A	-0.74%
TROW	A	-0.71%
VZ	D	-0.71%
ORCL	A	-0.68%
CB	C	-0.67%
HON	B	-0.67%
UPS	C	-0.66%
MCO	C	-0.61%
YUM	B	-0.58%
IBM	D	-0.57%
GRMN	A	-0.52%
MSCI	B	-0.51%
OTIS	D	-0.5%
APH	B	-0.44%
SPGI	C	-0.42%
PCAR	B	-0.41%
CTSH	A	-0.41%
AON	B	-0.39%
WM	A	-0.38%
MSI	B	-0.35%
GD	C	-0.33%
AMGN	F	-0.33%
TSCO	D	-0.32%
ETN	B	-0.32%
CBOE	D	-0.31%
MDT	D	-0.29%
GWW	B	-0.29%
CSX	B	-0.29%
SYK	A	-0.29%
MDLZ	F	-0.23%
HSY	F	-0.22%
DE	D	-0.21%
ELV	F	-0.2%
KMB	D	-0.2%
A	F	-0.17%
ADI	D	-0.16%
EXPD	C	-0.16%
IEX	B	-0.16%
VRSK	A	-0.15%
CMI	A	-0.15%
GGG	B	-0.15%
TMO	F	-0.14%
NOC	D	-0.14%
AME	A	-0.14%
GIS	F	-0.11%
TGT	C	-0.1%
KVUE	A	-0.08%
KR	A	-0.08%
CHD	A	-0.06%