VEU vs. IQDF ETF Comparison

Comparison of Vanguard FTSE All World Ex US ETF (VEU) to FlexShares International Quality Dividend Index Fund (IQDF)

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$60.53

Average Daily Volume

1,641,682

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

IQDF

FlexShares International Quality Dividend Index Fund

IQDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International 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 and in ADRs and GDRs based on the securities in its underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$25.24

Average Daily Volume

31,828

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VEU	IQDF
30 Days	-3.92%	-3.99%
60 Days	-1.47%	-1.82%
90 Days	3.46%	3.01%
12 Months	24.32%	27.65%

14 Overlapping Holdings

Symbol	Grade	Weight in VEU	Weight in IQDF	Overlap
AGCO	C	0.02%	0.21%	0.02%
BABA	C	0.73%	0.31%	0.31%
BCS	B	0.14%	0.45%	0.14%
CNI	F	0.21%	0.03%	0.03%
HSBH	A	0.54%	0.51%	0.51%
MUFG	B	0.38%	0.47%	0.38%
NVS	D	0.76%	1.98%	0.76%
SMFG	C	0.26%	0.34%	0.26%
STLA	F	0.09%	0.26%	0.09%
UL	D	0.52%	0.08%	0.08%
UMC	F	0.03%	0.25%	0.03%
UMC	F	0.03%	0.25%	0.03%
VALE	D	0.12%	0.21%	0.12%
VALE	D	0.03%	0.21%	0.03%

VEU Overweight 92 Positions Relative to IQDF

Symbol	Grade	Weight
TM	D	0.69%
HDB	B	0.38%
SONY	C	0.38%
TD	F	0.36%
PDD	C	0.31%
SHOP	C	0.31%
ABBV	A	0.3%
DEO	D	0.25%
IBN	A	0.19%
MFG	B	0.17%
LYG	D	0.16%
HMC	D	0.16%
WCN	D	0.15%
FLUT	B	0.13%
INFY	D	0.12%
GOLD	C	0.11%
TCOM	B	0.11%
E	F	0.11%
BIDU	D	0.09%
SW	B	0.08%
YUMC	B	0.06%
ITUB	F	0.06%
NMR	F	0.05%
XRX	F	0.05%
PKX	F	0.04%
KB	B	0.04%
BEKE	B	0.04%
SHG	D	0.04%
BGNE	C	0.04%
LOGI	F	0.04%
LI	B	0.04%
CHT	D	0.03%
XPEV	B	0.03%
BBD	F	0.03%
NIO	D	0.03%
TME	C	0.03%
QGEN	D	0.03%
KB	B	0.03%
AEI	C	0.02%
TAL	C	0.02%
WIT	B	0.02%
VIPS	C	0.02%
BZ	C	0.02%
BCH	D	0.02%
ERJ	C	0.02%
BILI	B	0.02%
ABEV	F	0.02%
YMM	B	0.02%
ASAI	F	0.02%
PBR	F	0.02%
CHT	D	0.02%
SHG	D	0.02%
ATHM	C	0.01%
GGB	D	0.01%
GDS	B	0.01%
SQM	D	0.01%
BSAC	C	0.01%
LPL	D	0.01%
GGB	D	0.01%
RDY	F	0.01%
KEP	B	0.01%
CSAN	F	0.01%
BRFS	C	0.01%
SBSW	B	0.01%
TSM	B	0.01%
QFIN	B	0.01%
CIB	B	0.01%
WIT	B	0.01%
ABEV	F	0.01%
MBAVU	C	0.01%
CX	F	0.01%
JEWL	D	0.0%
ATHM	C	0.0%
BAK	F	0.0%
ASAI	F	0.0%
ENIC	D	0.0%
ELP	F	0.0%
TS	B	0.0%
SID	F	0.0%
TAK	F	0.0%
WB	B	0.0%
MNTX	C	0.0%
EC	F	0.0%
DQ	B	0.0%
CIG	C	0.0%
VIV	F	0.0%
PIXY	F	0.0%
YY	D	0.0%
KEP	B	0.0%
AKO.A	F	0.0%
IQ	C	0.0%
RLX	F	0.0%

VEU Underweight 0 Positions Relative to IQDF

	Symbol	Grade	Weight