QLVD vs. DMCY ETF Comparison

Comparison of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) to Democracy International Fund (DMCY)

QLVD

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

QLVD 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

$27.10

Average Daily Volume

3,321

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DMCY

Democracy International Fund

DMCY Description

The Democracy International Fund is a Global Markets ex-United States Large & Mid Cap international equity portfolio that is both democracy and market capitalization weighted. The Democracy International Fund seeks to track the total return performance, before fees and expenses, of the Democracy Investments International Index. The intent of the Fund is to enable investors to allocate more into democracies thereby shifting capital flows toward democratic countries and away from authoritarian countries. This could lower the cost of capital and improve economic growth for democracies and the opposite for authoritarians, resulting in market-based incentives for democratic reforms.

Grade (RS Rating)

Last Trade

$25.50

Average Daily Volume

1,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QLVD	DMCY
30 Days	-2.88%	-3.53%
60 Days	-5.19%	-4.75%
90 Days	-4.88%	-5.23%
12 Months	11.23%	10.03%

5 Overlapping Holdings

Symbol	Grade	Weight in QLVD	Weight in DMCY	Overlap
CNI	F	1.27%	0.38%	0.38%
HSBH	B	0.16%	0.79%	0.16%
NVS	F	2.43%	0.98%	0.98%
TD	D	0.55%	0.52%	0.52%
UL	D	2.75%	0.65%	0.65%

QLVD Overweight 1 Positions Relative to DMCY

	Symbol	Grade	Weight
	MFG	A	1.18%

QLVD Underweight 17 Positions Relative to DMCY

Symbol	Grade	Weight
EWT	D	-3.86%
EWJ	D	-3.26%
EIS	A	-0.81%
SHOP	B	-0.63%
ABBV	F	-0.56%
NXPI	D	-0.39%
DEO	F	-0.33%
WCN	A	-0.29%
FLUT	A	-0.28%
EWW	F	-0.28%
LYG	D	-0.27%
BCS	A	-0.27%
STLA	F	-0.21%
E	F	-0.21%
VALE	F	-0.11%
ICLR	D	-0.1%
BNTX	C	-0.04%