SPVM vs. QDF ETF Comparison

Comparison of Invesco S&P 500 Value with Momentum ETF (SPVM) to FlexShares Quality Dividend Index Fund (QDF)

SPVM

Invesco S&P 500 Value with Momentum ETF

SPVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 High Momentum Value Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 100 stocks in the S&P 500® that have the highest value and momentum scores.

Grade (RS Rating)

Last Trade

$58.34

Average Daily Volume

3,140

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$71.36

Average Daily Volume

47,021

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	SPVM	QDF
30 Days	1.49%	2.35%
60 Days	2.49%	5.23%
90 Days	7.67%	7.81%
12 Months	22.52%	30.55%

17 Overlapping Holdings

Symbol	Grade	Weight in SPVM	Weight in QDF	Overlap
AFL	A	1.09%	0.61%	0.61%
BAC	D	1.0%	0.02%	0.02%
BK	B	1.15%	0.62%	0.62%
COP	F	0.69%	0.04%	0.04%
EBAY	B	0.82%	0.62%	0.62%
HST	D	0.72%	0.44%	0.44%
JPM	D	0.87%	0.65%	0.65%
MET	B	1.04%	0.54%	0.54%
MPC	F	1.43%	0.55%	0.55%
NUE	D	1.02%	0.43%	0.43%
PEG	B	0.61%	0.6%	0.6%
PRU	C	1.09%	0.58%	0.58%
SNA	B	0.69%	0.45%	0.45%
SWKS	F	0.59%	0.47%	0.47%
VLO	F	1.6%	0.51%	0.51%
WMT	B	0.7%	0.12%	0.12%
XOM	D	0.85%	0.49%	0.49%

SPVM Overweight 81 Positions Relative to QDF

Symbol	Grade	Weight
GM	C	2.11%
BG	F	1.76%
MTB	C	1.52%
SYF	C	1.5%
CINF	C	1.49%
PSX	F	1.43%
DHI	C	1.39%
KR	B	1.39%
COF	B	1.39%
L	D	1.39%
STT	B	1.36%
LEN	B	1.29%
DAL	C	1.29%
AIZ	B	1.27%
BBY	A	1.26%
PHM	B	1.24%
HBAN	B	1.22%
HPE	C	1.22%
FDX	D	1.2%
UHS	C	1.18%
AIG	D	1.18%
KEY	C	1.18%
ACGL	B	1.16%
USB	C	1.13%
MOH	D	1.12%
PNC	C	1.11%
HIG	B	1.11%
C	C	1.11%
JBL	C	1.1%
FITB	B	1.1%
CI	C	1.07%
STLD	C	1.05%
BALL	C	1.03%
BRK.A	C	1.03%
VTRS	D	1.03%
HII	F	1.02%
BLDR	C	1.0%
NRG	B	1.0%
TRV	C	0.99%
CB	B	0.97%
VZ	A	0.96%
CBRE	B	0.95%
WFC	D	0.95%
CE	D	0.94%
SW	B	0.94%
LYB	D	0.93%
CAH	C	0.93%
MRO	D	0.93%
EMN	B	0.92%
EMR	D	0.88%
GS	B	0.87%
KMI	C	0.87%
EOG	D	0.87%
ATO	B	0.87%
ALL	C	0.86%
BKR	C	0.85%
OMC	B	0.85%
SWK	B	0.84%
ELV	D	0.83%
MCK	F	0.83%
CTSH	B	0.81%
WRB	D	0.8%
IP	C	0.76%
RJF	C	0.75%
PCAR	D	0.75%
TXT	D	0.75%
BXP	C	0.74%
FANG	F	0.74%
DGX	B	0.73%
DUK	B	0.72%
J	A	0.71%
CCL	C	0.7%
NCLH	B	0.68%
CMI	B	0.68%
OKE	C	0.67%
DVA	B	0.66%
DOW	C	0.66%
HAL	F	0.65%
EQT	C	0.64%
CTRA	F	0.62%
TEL	D	0.6%

SPVM Underweight 108 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.55%
MSFT	C	-5.1%
NVDA	C	-5.03%
JNJ	C	-3.18%
META	B	-3.16%
PG	C	-3.09%
ABBV	B	-3.01%
KO	B	-2.51%
ACN	C	-1.86%
HD	B	-1.73%
GOOGL	D	-1.71%
QCOM	D	-1.71%
INTU	D	-1.64%
GOOG	D	-1.51%
UNP	D	-1.33%
PM	C	-1.3%
LOW	B	-1.25%
ADP	C	-1.04%
LRCX	D	-0.98%
NKE	D	-0.98%
GILD	B	-0.95%
KLAC	D	-0.95%
AVGO	C	-0.93%
ZTS	B	-0.81%
MO	C	-0.81%
CAT	B	-0.76%
MS	B	-0.76%
ITW	B	-0.71%
SBUX	C	-0.71%
MMM	B	-0.69%
LMT	A	-0.67%
VRT	C	-0.66%
PSA	C	-0.65%
FAST	C	-0.6%
PAYX	C	-0.6%
FIS	C	-0.59%
AVB	C	-0.58%
D	C	-0.58%
MAA	C	-0.57%
NSA	C	-0.56%
EQR	C	-0.56%
OHI	C	-0.55%
SMG	B	-0.55%
NXPI	D	-0.55%
MCHP	D	-0.54%
CPT	C	-0.54%
CHRW	B	-0.54%
STWD	B	-0.53%
MRK	F	-0.53%
IVZ	B	-0.52%
WTW	B	-0.52%
VIRT	C	-0.52%
KTB	B	-0.52%
JHG	B	-0.52%
NEP	C	-0.51%
IPG	C	-0.51%
ORI	B	-0.51%
CMA	C	-0.51%
UGI	B	-0.5%
RDN	D	-0.5%
EA	D	-0.5%
BPOP	C	-0.5%
WU	C	-0.5%
DVN	F	-0.49%
WSM	C	-0.49%
OGE	B	-0.49%
FAF	B	-0.47%
TPR	A	-0.46%
POOL	C	-0.46%
WY	C	-0.46%
WDFC	C	-0.43%
OMF	D	-0.43%
WMS	D	-0.42%
EVRG	B	-0.41%
TT	B	-0.41%
CUBE	C	-0.41%
SCCO	C	-0.4%
PFG	B	-0.39%
CTAS	C	-0.37%
EIX	B	-0.35%
APLE	C	-0.35%
RHI	D	-0.35%
V	C	-0.35%
ALLY	F	-0.35%
LNC	C	-0.35%
CFR	C	-0.34%
IRDM	C	-0.32%
OLN	D	-0.28%
BR	C	-0.28%
WING	C	-0.26%
NNN	B	-0.26%
MA	B	-0.25%
COST	C	-0.24%
NTAP	D	-0.23%
HRB	C	-0.18%
RMD	C	-0.18%
DPZ	D	-0.17%
CL	C	-0.17%
PNW	C	-0.15%
BSY	C	-0.14%
PAYC	D	-0.13%
EXP	B	-0.08%
WFRD	F	-0.07%
CSWI	B	-0.06%
BKNG	B	-0.06%
MAR	B	-0.04%
STNG	D	-0.02%
BBWI	D	-0.01%