RECS vs. QLV ETF Comparison

Comparison of Columbia Research Enhanced Core ETF (RECS) to FlexShares US Quality Low Volatility Index Fund (QLV)

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$35.40

Average Daily Volume

363,106

Number of Holdings ^*

360

* may have additional holdings in another (foreign) market

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

$66.95

Average Daily Volume

7,778

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	RECS	QLV
30 Days	5.08%	2.28%
60 Days	10.63%	4.76%
90 Days	12.20%	7.13%
12 Months	39.35%	28.01%

46 Overlapping Holdings

Symbol	Grade	Weight in RECS	Weight in QLV	Overlap
AAPL	C	8.46%	5.23%	5.23%
ABBV	B	0.63%	1.08%	0.63%
ADP	A	0.51%	0.87%	0.51%
AEE	B	0.18%	0.55%	0.18%
AIZ	B	0.05%	0.76%	0.05%
ALL	D	0.27%	0.6%	0.27%
AMGN	D	0.32%	0.78%	0.32%
AMZN	A	4.8%	2.22%	2.22%
BMRN	F	0.02%	0.39%	0.02%
CAG	F	0.07%	0.14%	0.07%
CME	C	0.46%	0.93%	0.46%
COR	A	0.25%	0.19%	0.19%
CRUS	F	0.02%	0.32%	0.02%
CTRA	D	0.05%	0.5%	0.05%
DDS	C	0.0%	0.26%	0.0%
DTM	A	0.02%	0.57%	0.02%
EA	B	0.09%	0.2%	0.09%
EQIX	C	0.45%	0.63%	0.45%
EXPD	F	0.07%	0.03%	0.03%
GILD	A	0.2%	1.07%	0.2%
GIS	F	0.19%	0.76%	0.19%
GOOG	B	1.87%	0.58%	0.58%
GOOGL	B	2.2%	0.83%	0.83%
JNJ	D	2.56%	1.79%	1.79%
JPM	A	3.53%	0.2%	0.2%
K	A	0.11%	0.77%	0.11%
L	B	0.08%	0.11%	0.08%
LMT	D	0.53%	1.1%	0.53%
MCK	B	0.42%	0.29%	0.29%
META	C	2.96%	1.27%	1.27%
MMC	D	0.59%	0.05%	0.05%
MSFT	D	7.82%	7.83%	7.82%
NBIX	C	0.02%	0.4%	0.02%
NVDA	A	8.48%	5.29%	5.29%
PG	F	2.01%	3.2%	2.01%
PKG	B	0.16%	0.58%	0.16%
PM	C	1.05%	0.21%	0.21%
QGEN	D	0.06%	0.66%	0.06%
REGN	F	0.19%	0.56%	0.19%
SON	F	0.04%	0.51%	0.04%
T	B	0.37%	1.45%	0.37%
WM	B	0.37%	0.64%	0.37%
WTW	A	0.16%	0.8%	0.16%
XEL	B	0.27%	0.58%	0.27%
XOM	B	1.59%	1.13%	1.13%
ZM	A	0.05%	0.63%	0.05%

RECS Overweight 314 Positions Relative to QLV

Symbol	Grade	Weight
BAC	A	1.58%
TMO	D	1.37%
WFC	B	1.26%
CAT	A	0.84%
CVX	B	0.77%
MDT	C	0.75%
BMY	B	0.69%
UBER	C	0.69%
C	B	0.66%
CRM	B	0.66%
FI	A	0.63%
UNP	C	0.61%
CI	D	0.58%
AMT	F	0.56%
CSCO	A	0.56%
BKNG	B	0.53%
ADBE	D	0.52%
HCA	D	0.49%
NOW	A	0.48%
TJX	D	0.47%
QCOM	C	0.47%
BDX	C	0.45%
PYPL	B	0.44%
UPS	C	0.44%
MO	B	0.43%
INTU	C	0.41%
CL	F	0.41%
DIS	C	0.41%
TT	B	0.4%
PH	A	0.35%
PCG	C	0.34%
TGT	F	0.34%
VST	B	0.33%
CTAS	A	0.32%
EXC	D	0.31%
SPG	B	0.3%
BK	B	0.3%
MMM	C	0.3%
CSX	C	0.28%
MET	B	0.27%
PANW	A	0.27%
FDX	C	0.27%
ANET	A	0.26%
NUE	C	0.26%
EIX	D	0.25%
LRCX	F	0.25%
PCAR	B	0.24%
PRU	B	0.24%
VRTX	B	0.23%
PPG	D	0.23%
PLTR	A	0.23%
KMB	F	0.23%
ETR	B	0.22%
CNC	F	0.21%
EOG	C	0.21%
HLT	B	0.21%
MSI	B	0.2%
PAYX	A	0.2%
CMI	B	0.2%
DTE	D	0.2%
KR	A	0.19%
DHI	D	0.19%
MTD	D	0.18%
LYB	F	0.18%
CAH	B	0.18%
OTIS	B	0.18%
ROST	F	0.17%
RCL	A	0.17%
VRT	A	0.17%
CRWD	B	0.17%
KHC	F	0.16%
CSGP	F	0.16%
PSX	F	0.16%
MPC	F	0.16%
FITB	A	0.16%
WAB	A	0.15%
LEN	D	0.15%
STLD	A	0.15%
RJF	A	0.15%
STT	B	0.15%
DAL	A	0.15%
ADM	F	0.14%
ZBH	C	0.14%
GPN	C	0.14%
SBAC	D	0.14%
SPOT	B	0.13%
RPM	A	0.13%
RS	B	0.13%
LULU	C	0.13%
TROW	A	0.13%
CF	D	0.12%
NI	B	0.12%
SYF	A	0.12%
HOLX	C	0.12%
BAX	D	0.12%
CBOE	C	0.12%
TTD	A	0.12%
WY	F	0.12%
FCNCA	A	0.12%
VLO	D	0.12%
FTNT	B	0.12%
MPWR	D	0.11%
ARE	D	0.11%
BR	B	0.11%
UAL	A	0.11%
CE	F	0.11%
INVH	D	0.11%
FTV	D	0.11%
CSL	C	0.1%
NVR	D	0.1%
BLDR	D	0.1%
LDOS	B	0.1%
PHM	D	0.1%
AVTR	D	0.1%
FANG	D	0.1%
OXY	F	0.1%
APP	B	0.1%
EVRG	C	0.1%
DECK	B	0.09%
VTRS	C	0.09%
HPQ	B	0.09%
DDOG	B	0.09%
EG	F	0.09%
AES	F	0.09%
THC	C	0.09%
EME	A	0.09%
RGA	B	0.08%
CCL	A	0.08%
MAS	D	0.08%
EQH	A	0.08%
DELL	B	0.08%
LVS	C	0.07%
MOS	C	0.07%
ALNY	C	0.07%
OC	B	0.07%
SOLV	B	0.07%
WPC	F	0.07%
JLL	C	0.07%
AMH	F	0.07%
RPRX	F	0.07%
SWK	F	0.07%
GLPI	D	0.07%
SSNC	C	0.07%
TEAM	B	0.07%
EWBC	A	0.07%
EXPE	B	0.07%
EXP	B	0.07%
SNA	A	0.07%
CVNA	B	0.07%
CACI	B	0.06%
SF	A	0.06%
BURL	D	0.06%
NTAP	C	0.06%
JEF	B	0.06%
FIX	A	0.06%
ACM	B	0.06%
BG	F	0.06%
UNM	A	0.06%
WSM	F	0.06%
HPE	B	0.06%
HST	C	0.06%
PINS	C	0.05%
NNN	F	0.05%
LECO	B	0.05%
CLF	C	0.05%
BIIB	F	0.05%
TAP	C	0.05%
MEDP	D	0.05%
FHN	A	0.05%
ITT	B	0.05%
LPX	B	0.05%
GL	B	0.05%
CW	B	0.05%
TOL	B	0.05%
WCC	A	0.04%
MTG	D	0.04%
ARMK	B	0.04%
GEN	B	0.04%
WYNN	D	0.04%
STAG	D	0.04%
TPR	B	0.04%
NTNX	B	0.04%
SWKS	F	0.04%
COKE	D	0.04%
ALSN	A	0.04%
CNM	C	0.04%
MANH	C	0.04%
UGI	D	0.04%
VRSN	C	0.04%
DCI	A	0.04%
ACI	D	0.04%
XP	F	0.04%
WTFC	A	0.04%
AYI	B	0.04%
ELAN	F	0.04%
SEIC	A	0.04%
ZION	A	0.04%
OLN	F	0.04%
AOS	D	0.04%
ZS	C	0.04%
JAZZ	C	0.04%
GNRC	B	0.04%
PSTG	C	0.04%
DKS	F	0.04%
BLD	F	0.04%
TXRH	B	0.04%
MRO	C	0.04%
BRBR	B	0.04%
CRBG	B	0.04%
BRX	B	0.04%
INGR	B	0.04%
RYN	C	0.03%
MSA	D	0.03%
KRC	C	0.03%
NTRA	C	0.03%
OZK	B	0.03%
SLM	A	0.03%
R	A	0.03%
ESAB	B	0.03%
JHG	A	0.03%
NEU	C	0.03%
RL	A	0.03%
OGN	F	0.03%
SMG	C	0.03%
CROX	F	0.03%
SKX	D	0.03%
G	B	0.03%
HRB	C	0.03%
MHK	D	0.03%
FFIV	B	0.03%
AMG	C	0.03%
LNC	A	0.03%
RHI	B	0.03%
LNW	C	0.03%
UTHR	A	0.03%
FLS	B	0.03%
BEN	C	0.03%
KEX	C	0.03%
JNPR	B	0.03%
MRNA	F	0.03%
XRAY	F	0.03%
COLB	A	0.03%
SAIC	B	0.03%
MIDD	B	0.03%
ASH	D	0.03%
FTI	B	0.03%
MGM	D	0.03%
APG	B	0.03%
WLK	D	0.03%
DOCU	A	0.03%
AXS	B	0.03%
EXEL	B	0.02%
PK	C	0.02%
M	C	0.02%
GTLB	B	0.02%
CIVI	D	0.02%
GAP	C	0.02%
MSM	C	0.02%
CWEN	D	0.02%
WFRD	D	0.02%
SRPT	C	0.02%
GTES	A	0.02%
EPR	D	0.02%
SMAR	B	0.02%
LSCC	C	0.02%
PVH	C	0.02%
INCY	B	0.02%
DINO	F	0.02%
HIW	C	0.02%
NYT	B	0.02%
THO	C	0.02%
WU	F	0.02%
LEA	F	0.02%
MTCH	C	0.02%
PRGO	D	0.02%
ROKU	D	0.02%
FOXA	A	0.02%
CIEN	B	0.02%
H	C	0.02%
QRVO	F	0.02%
NWSA	A	0.02%
EEFT	C	0.02%
EXAS	D	0.02%
SNX	B	0.02%
WH	A	0.02%
LEN	D	0.01%
APLS	F	0.01%
CNA	D	0.01%
CWEN	D	0.01%
ALGM	F	0.01%
NWS	A	0.01%
ADTN	B	0.01%
REYN	F	0.01%
AMKR	F	0.01%
CRI	F	0.01%
RARE	D	0.01%
PEGA	B	0.01%
COLM	C	0.01%
ROIV	D	0.01%
PPC	B	0.01%
IONS	F	0.01%
SAM	B	0.01%
TNL	B	0.01%
FOX	A	0.01%
PATH	C	0.01%
PINC	A	0.01%
MAN	D	0.01%
BILL	C	0.01%
VIRT	B	0.01%
AZTA	D	0.01%
VKTX	C	0.01%
DBX	B	0.01%
PLTK	B	0.0%
SEB	F	0.0%

RECS Underweight 68 Positions Relative to QLV

Symbol	Grade	Weight
LLY	F	-2.73%
MRK	F	-2.42%
V	A	-2.07%
MCD	D	-1.95%
IBM	D	-1.8%
VZ	D	-1.6%
PEP	F	-1.56%
TMUS	B	-1.09%
DUK	D	-0.92%
ABT	B	-0.91%
ATR	B	-0.86%
TXN	A	-0.86%
PSA	D	-0.85%
CHKP	D	-0.85%
WEC	C	-0.84%
ED	D	-0.84%
RGLD	C	-0.83%
TYL	C	-0.8%
CHE	F	-0.8%
DOX	B	-0.78%
WDFC	B	-0.76%
CB	D	-0.73%
LSTR	C	-0.72%
SO	C	-0.72%
QLYS	B	-0.72%
SMMT	C	-0.7%
DLR	C	-0.67%
AVY	F	-0.66%
TRV	B	-0.65%
GD	B	-0.63%
CTVA	B	-0.61%
STNG	F	-0.61%
NOC	D	-0.61%
CALM	B	-0.61%
BAH	C	-0.6%
CINF	B	-0.57%
BRK.A	C	-0.57%
AZO	B	-0.56%
JKHY	C	-0.56%
AEP	D	-0.55%
TTEK	C	-0.55%
WCN	D	-0.55%
RSG	B	-0.55%
CMS	D	-0.55%
WRB	B	-0.52%
PNW	C	-0.51%
ADC	D	-0.51%
SIGI	B	-0.5%
MKL	B	-0.49%
FLO	D	-0.48%
SCI	A	-0.48%
CHRW	B	-0.48%
TSCO	C	-0.48%
HSY	F	-0.47%
HII	F	-0.47%
AVGO	B	-0.4%
HRL	F	-0.4%
NFG	B	-0.37%
VRSK	B	-0.36%
SLGN	B	-0.32%
BMI	C	-0.26%
LIN	D	-0.19%
ALKS	C	-0.18%
ADI	C	-0.17%
ROP	C	-0.13%
NCNO	B	-0.12%
CWAN	A	-0.08%
UNH	B	-0.07%