QLV vs. GLOF ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to iShares Global Equity Factor ETF (GLOF)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.65

Average Daily Volume

4,366

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	QLV	GLOF
30 Days	0.23%	1.47%
60 Days	1.42%	1.03%
90 Days	3.24%	1.65%
12 Months	25.29%	25.88%

36 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in GLOF	Overlap
AAPL	C	5.17%	4.28%	4.28%
ABBV	D	0.96%	0.62%	0.62%
ABT	B	0.93%	0.25%	0.25%
AMGN	D	0.71%	0.2%	0.2%
AMZN	C	2.41%	2.18%	2.18%
AVGO	D	0.38%	1.19%	0.38%
AZO	C	0.55%	0.42%	0.42%
BRK.A	B	0.59%	0.19%	0.19%
DOX	D	0.74%	0.04%	0.04%
EA	A	0.23%	0.04%	0.04%
GILD	C	1.07%	0.27%	0.27%
GOOG	C	0.62%	2.61%	0.62%
HSY	F	0.45%	0.13%	0.13%
IBM	C	1.82%	0.08%	0.08%
JNJ	D	1.71%	0.6%	0.6%
JPM	A	0.21%	0.94%	0.21%
LIN	D	0.19%	0.18%	0.18%
LLY	F	2.31%	0.73%	0.73%
MCD	D	1.93%	0.53%	0.53%
MCK	B	0.35%	0.61%	0.35%
META	D	1.25%	1.35%	1.25%
MRK	F	2.28%	0.42%	0.42%
MSFT	F	7.68%	4.06%	4.06%
NVDA	C	5.54%	4.5%	4.5%
PEP	F	1.47%	0.61%	0.61%
PG	A	3.25%	0.72%	0.72%
PM	B	0.21%	0.27%	0.21%
PSA	D	0.84%	0.2%	0.2%
T	A	1.51%	0.35%	0.35%
TRV	B	0.67%	0.16%	0.16%
TSCO	D	0.49%	0.04%	0.04%
TXN	C	0.84%	0.35%	0.35%
UNH	C	0.07%	0.73%	0.07%
V	A	2.26%	0.76%	0.76%
VZ	C	1.64%	0.1%	0.1%
XOM	B	1.15%	0.36%	0.36%

QLV Overweight 78 Positions Relative to GLOF

Symbol	Grade	Weight
TMUS	B	1.13%
LMT	D	1.06%
CME	A	0.94%
ADP	B	0.92%
DUK	C	0.9%
QLYS	C	0.88%
GOOGL	C	0.88%
WEC	A	0.86%
ATR	B	0.86%
AIZ	A	0.86%
WTW	B	0.85%
RGLD	C	0.83%
TYL	B	0.8%
WDFC	B	0.8%
ED	D	0.79%
K	A	0.77%
CHE	D	0.73%
GIS	D	0.72%
CHKP	D	0.72%
LSTR	D	0.71%
CB	C	0.71%
SO	D	0.69%
DLR	B	0.68%
QGEN	D	0.67%
WM	A	0.67%
DTM	B	0.67%
ZM	B	0.67%
CALM	A	0.65%
XEL	A	0.64%
EQIX	A	0.64%
ALL	A	0.63%
AVY	D	0.63%
PKG	A	0.63%
CINF	A	0.6%
SMMT	D	0.59%
RSG	A	0.59%
CTVA	C	0.59%
NOC	D	0.59%
AEE	A	0.58%
GD	F	0.58%
WCN	A	0.58%
CTRA	B	0.57%
WRB	A	0.55%
STNG	F	0.55%
MKL	A	0.54%
AEP	D	0.54%
CMS	C	0.54%
SCI	B	0.54%
JKHY	D	0.53%
ADC	B	0.53%
PNW	B	0.53%
SIGI	C	0.53%
CHRW	C	0.49%
SON	D	0.48%
BAH	F	0.47%
FLO	D	0.47%
TTEK	F	0.46%
REGN	F	0.45%
NBIX	C	0.43%
HRL	D	0.4%
VRSK	A	0.39%
NFG	A	0.38%
HII	D	0.36%
BMRN	D	0.35%
SLGN	A	0.34%
DDS	B	0.29%
BMI	B	0.27%
CRUS	D	0.26%
COR	B	0.2%
ALKS	B	0.19%
ADI	D	0.15%
NCNO	B	0.13%
CAG	D	0.13%
ROP	B	0.13%
L	A	0.11%
CWAN	B	0.09%
MMC	B	0.05%
EXPD	D	0.03%

QLV Underweight 153 Positions Relative to GLOF

Symbol	Grade	Weight
BKNG	A	-0.77%
HD	A	-0.7%
FTNT	C	-0.65%
LOW	D	-0.65%
WMT	A	-0.65%
FICO	B	-0.62%
SYF	B	-0.58%
TEAM	A	-0.57%
MA	C	-0.52%
AMP	A	-0.51%
COST	B	-0.51%
CDNS	B	-0.51%
INTU	C	-0.5%
MSI	B	-0.49%
CTAS	B	-0.48%
BLDR	D	-0.48%
TT	A	-0.44%
VST	B	-0.43%
KR	B	-0.42%
LII	A	-0.42%
ORCL	B	-0.4%
DOCU	A	-0.39%
BBY	D	-0.39%
NOW	A	-0.37%
MTD	D	-0.37%
TSLA	B	-0.37%
BMY	B	-0.36%
FERG	B	-0.36%
COF	B	-0.35%
QCOM	F	-0.35%
TMO	F	-0.34%
MFG	B	-0.34%
DELL	C	-0.34%
AMAT	F	-0.33%
ORLY	B	-0.33%
PANW	C	-0.33%
IT	C	-0.33%
MSCI	C	-0.32%
HPE	B	-0.32%
EBAY	D	-0.31%
TGT	F	-0.31%
KLAC	D	-0.3%
ELV	F	-0.3%
CRWD	B	-0.29%
STLD	B	-0.29%
MELI	D	-0.29%
ACN	C	-0.29%
HPQ	B	-0.28%
HOLX	D	-0.25%
CSCO	B	-0.24%
ALLY	C	-0.24%
ABNB	C	-0.24%
GWW	B	-0.24%
ANET	C	-0.23%
MUFG	B	-0.22%
BAC	A	-0.22%
PHM	D	-0.22%
YUM	B	-0.22%
SNPS	B	-0.22%
MPC	D	-0.21%
PFE	D	-0.21%
AXP	A	-0.21%
KO	D	-0.2%
NVR	D	-0.2%
DVA	B	-0.2%
MOH	F	-0.2%
FNF	B	-0.2%
NUE	C	-0.2%
LRCX	F	-0.2%
SPGI	C	-0.2%
DFS	B	-0.19%
ADBE	C	-0.19%
SBUX	A	-0.19%
AFL	B	-0.18%
LYB	F	-0.18%
ETN	A	-0.18%
EMR	A	-0.18%
STT	A	-0.18%
VLTO	D	-0.17%
MAS	D	-0.17%
HUBS	A	-0.17%
WFC	A	-0.17%
LI	F	-0.16%
VRTX	F	-0.15%
ZS	C	-0.14%
HUM	C	-0.14%
MRO	B	-0.14%
SIRI	C	-0.13%
GS	A	-0.13%
GEHC	F	-0.13%
VLO	C	-0.13%
COP	C	-0.13%
NTAP	C	-0.12%
BLK	C	-0.12%
UNP	C	-0.11%
URI	B	-0.11%
EG	C	-0.1%
CVS	D	-0.1%
CDW	F	-0.1%
PFG	D	-0.1%
BK	A	-0.1%
DTE	C	-0.09%
A	D	-0.09%
FOXA	B	-0.09%
UBER	D	-0.09%
SMFG	B	-0.09%
NKE	D	-0.08%
DE	A	-0.08%
GM	B	-0.08%
NWS	B	-0.08%
TM	D	-0.08%
SPG	B	-0.08%
DOW	F	-0.08%
IDXX	F	-0.07%
LULU	C	-0.07%
CF	B	-0.07%
TJX	A	-0.06%
CVX	A	-0.06%
ULTA	F	-0.06%
CRH	A	-0.06%
NDAQ	A	-0.06%
LINE	F	-0.05%
FWONA	B	-0.05%
MDLZ	F	-0.05%
PAYX	C	-0.05%
PH	A	-0.05%
CHTR	C	-0.05%
CPNG	D	-0.05%
FRT	B	-0.04%
CAT	B	-0.04%
MCO	B	-0.03%
QRVO	F	-0.03%
MRNA	F	-0.03%
MTCH	D	-0.03%
NI	A	-0.03%
REG	B	-0.03%
WIT	A	-0.02%
STX	D	-0.02%
OMC	C	-0.02%
CSX	B	-0.02%
GL	B	-0.02%
VICI	C	-0.02%
WY	D	-0.02%
BIIB	F	-0.02%
MOS	F	-0.02%
VRSN	F	-0.02%
MDT	D	-0.01%
OKTA	C	-0.01%
VEEV	C	-0.01%
PCAR	B	-0.01%
PLD	D	-0.01%
CEG	D	-0.01%
DHR	F	-0.01%