QLV vs. HUSV ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to First Trust Horizon Managed Volatility Domestic ETF (HUSV)

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

$65.85

Average Daily Volume

3,350

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

HUSV

First Trust Horizon Managed Volatility Domestic ETF

HUSV Description

The First Trust Horizon Managed Volatility Domestic ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks of domestic companies listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

7,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLV	HUSV
30 Days	2.06%	0.02%
60 Days	8.22%	6.64%
90 Days	5.34%	7.43%
12 Months	30.89%	24.73%

26 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in HUSV	Overlap
ABT	C	0.92%	0.88%	0.88%
ADP	A	0.88%	1.22%	0.88%
AVY	D	0.69%	1.21%	0.69%
BRK.A	B	0.58%	2.6%	0.58%
DUK	C	0.93%	1.38%	0.93%
EA	D	0.2%	0.87%	0.2%
ED	C	0.85%	0.95%	0.85%
GD	C	0.64%	0.97%	0.64%
JNJ	D	1.81%	1.46%	1.46%
L	C	0.1%	1.78%	0.1%
LIN	C	0.2%	0.95%	0.2%
LMT	A	1.21%	2.0%	1.21%
MCD	A	2.02%	1.39%	1.39%
MCK	F	0.28%	0.58%	0.28%
MMC	D	0.05%	1.98%	0.05%
MRK	F	2.63%	0.94%	0.94%
MSFT	D	7.75%	2.12%	2.12%
PEP	F	1.58%	1.31%	1.31%
PG	D	3.29%	1.9%	1.9%
PM	D	0.2%	1.36%	0.2%
REGN	D	0.63%	0.64%	0.63%
ROP	D	0.13%	2.2%	0.13%
RSG	D	0.56%	2.41%	0.56%
TMUS	A	1.01%	2.26%	1.01%
V	B	2.05%	1.98%	1.98%
WM	B	0.64%	1.93%	0.64%

QLV Overweight 89 Positions Relative to HUSV

Symbol	Grade	Weight
AAPL	C	5.15%
NVDA	B	4.53%
LLY	D	2.75%
AMZN	C	2.2%
IBM	A	1.88%
VZ	C	1.76%
T	B	1.47%
META	A	1.27%
XOM	A	1.17%
ABBV	C	1.13%
GILD	A	1.03%
CME	A	0.92%
PSA	C	0.9%
TXN	C	0.86%
WEC	B	0.84%
GIS	C	0.83%
GOOGL	B	0.83%
ATR	A	0.82%
WTW	C	0.82%
AIZ	B	0.79%
CHKP	A	0.79%
CHE	D	0.79%
RGLD	C	0.79%
AMGN	D	0.79%
K	B	0.78%
TYL	D	0.78%
DOX	B	0.78%
QLYS	F	0.76%
STNG	B	0.75%
WDFC	B	0.75%
LSTR	F	0.74%
CB	A	0.74%
SO	A	0.73%
QGEN	F	0.71%
NOC	B	0.65%
EQIX	C	0.62%
SMMT	D	0.62%
ALL	A	0.61%
TRV	B	0.61%
XEL	C	0.6%
GOOG	B	0.59%
DLR	C	0.59%
CTVA	A	0.59%
ZM	B	0.58%
AEP	C	0.57%
AEE	A	0.56%
WCN	D	0.56%
AZO	D	0.56%
CMS	A	0.56%
CINF	A	0.55%
PKG	B	0.55%
JKHY	A	0.55%
TTEK	A	0.54%
DTM	A	0.54%
TSCO	A	0.54%
BAH	C	0.53%
SIGI	D	0.52%
CTRA	D	0.52%
ADC	C	0.52%
CALM	A	0.52%
WRB	C	0.52%
PNW	C	0.52%
SON	D	0.52%
MKL	B	0.5%
HSY	D	0.5%
CHRW	C	0.49%
FLO	D	0.49%
HII	F	0.49%
SCI	D	0.49%
HRL	F	0.42%
NBIX	F	0.4%
AVGO	B	0.4%
BMRN	F	0.39%
NFG	A	0.37%
VRSK	D	0.37%
CRUS	D	0.32%
SLGN	B	0.32%
BMI	A	0.28%
DDS	D	0.26%
SQSP	A	0.24%
ALKS	B	0.2%
COR	F	0.18%
JPM	C	0.18%
ADI	B	0.17%
CAG	D	0.14%
NCNO	F	0.1%
CWAN	B	0.08%
UNH	B	0.07%
EXPD	D	0.03%

QLV Underweight 48 Positions Relative to HUSV

Symbol	Grade	Weight
CSCO	A	-2.68%
CTSH	B	-2.62%
KO	C	-2.6%
CL	D	-2.49%
PTC	B	-2.34%
MSI	A	-2.28%
TEL	D	-2.27%
APH	D	-2.1%
VRSN	C	-1.97%
MA	A	-1.87%
ITW	C	-1.81%
WMT	A	-1.76%
KMB	D	-1.32%
HON	C	-1.26%
KMI	A	-1.25%
ATO	A	-1.22%
YUM	C	-1.21%
CHD	D	-1.18%
FI	A	-1.17%
OTIS	A	-1.17%
MO	D	-1.12%
CSX	D	-1.12%
AME	C	-1.05%
TJX	D	-1.04%
AMP	A	-1.03%
AJG	C	-0.99%
HIG	A	-0.97%
SPGI	C	-0.94%
DRI	C	-0.94%
ICE	A	-0.92%
MDLZ	D	-0.88%
LDOS	A	-0.88%
PPL	C	-0.86%
WMB	A	-0.81%
HOLX	D	-0.8%
ORLY	A	-0.79%
BSX	A	-0.77%
OKE	A	-0.72%
O	C	-0.7%
MDT	C	-0.69%
ROST	D	-0.68%
WELL	C	-0.68%
ECL	C	-0.64%
HLT	A	-0.63%
LYB	B	-0.58%
REG	C	-0.57%
SYY	D	-0.51%
INVH	D	-0.51%