VSMV vs. QDF ETF Comparison

Comparison of VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to FlexShares Quality Dividend Index Fund (QDF)

VSMV

VictoryShares US Multi-Factor Minimum Volatility ETF

VSMV Description

The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory US Multi-Factor Minimum Volatility Index (the index). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.

Grade (RS Rating)

Last Trade

$49.81

Average Daily Volume

12,060

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

$72.39

Average Daily Volume

26,693

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	VSMV	QDF
30 Days	2.22%	0.21%
60 Days	3.80%	2.38%
90 Days	3.94%	3.47%
12 Months	22.56%	26.27%

24 Overlapping Holdings

Symbol	Grade	Weight in VSMV	Weight in QDF	Overlap
AAPL	C	9.39%	8.54%	8.54%
ABBV	F	2.15%	2.58%	2.15%
ACN	B	0.25%	1.93%	0.25%
ADP	A	2.91%	1.11%	1.11%
AFL	B	2.87%	0.62%	0.62%
CAT	B	0.24%	0.75%	0.24%
CL	D	0.21%	0.15%	0.15%
COR	B	3.24%	0.14%	0.14%
COST	A	2.58%	0.24%	0.24%
GILD	C	0.27%	1.0%	0.27%
GOOGL	C	1.88%	1.84%	1.84%
JNJ	C	3.43%	3.01%	3.01%
KO	D	0.21%	2.16%	0.21%
LMT	D	3.01%	0.62%	0.62%
MMM	D	0.23%	0.65%	0.23%
MRK	D	2.46%	0.45%	0.45%
MSFT	D	8.89%	4.91%	4.91%
NTAP	C	2.02%	0.22%	0.22%
NUE	C	0.25%	0.42%	0.25%
PAYX	B	0.83%	0.63%	0.63%
PG	C	2.92%	3.03%	2.92%
SNA	A	0.3%	0.56%	0.3%
WMT	A	3.81%	0.13%	0.13%
XOM	B	3.55%	0.5%	0.5%

VSMV Overweight 44 Positions Relative to QDF

Symbol	Grade	Weight
RSG	A	3.09%
WM	B	3.0%
CAH	B	2.74%
MCK	A	2.64%
CTSH	B	2.59%
ALL	A	2.55%
CI	D	2.51%
LDOS	C	2.38%
HPE	B	2.26%
EOG	A	1.95%
KMI	A	1.73%
CINF	A	1.33%
WMB	A	1.24%
FFIV	B	1.06%
MUSA	B	0.86%
CCK	D	0.84%
NYT	D	0.69%
ATR	B	0.54%
GD	D	0.48%
DVA	C	0.48%
ANF	F	0.4%
PKG	A	0.39%
SPG	A	0.39%
CMCSA	B	0.38%
CSX	C	0.32%
ALSN	B	0.3%
CPAY	A	0.29%
TJX	A	0.28%
WSO	A	0.27%
MSI	B	0.27%
PYPL	B	0.27%
STLD	B	0.27%
BMY	B	0.27%
KMB	C	0.26%
THC	D	0.24%
BERY	C	0.24%
CHRD	D	0.24%
AM	A	0.24%
LSTR	D	0.24%
PHM	D	0.22%
LEA	F	0.22%
HCA	F	0.21%
BBY	D	0.21%
GIS	D	0.21%

VSMV Underweight 103 Positions Relative to QDF

Symbol	Grade	Weight
NVDA	B	-5.81%
META	D	-3.1%
HD	B	-1.77%
INTU	B	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
PM	B	-1.41%
LOW	C	-1.27%
UNP	C	-1.24%
MS	A	-0.98%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
NKE	F	-0.83%
SBUX	A	-0.76%
KLAC	F	-0.76%
JPM	A	-0.75%
ZTS	D	-0.74%
ITW	B	-0.74%
FAST	B	-0.68%
BK	A	-0.68%
FIS	C	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	A	-0.6%
KTB	B	-0.6%
JHG	B	-0.6%
PSA	C	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	B	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	B	-0.55%
EQR	C	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	A	-0.51%
SMG	C	-0.5%
RDN	D	-0.49%
STWD	C	-0.49%
UGI	C	-0.49%
NSA	C	-0.49%
BPOP	C	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
IPG	D	-0.45%
MCHP	F	-0.45%
WU	F	-0.45%
POOL	C	-0.44%
WSM	C	-0.43%
TT	A	-0.43%
CFR	B	-0.42%
EVRG	A	-0.42%
WY	F	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	C	-0.39%
PFG	D	-0.39%
RHI	C	-0.38%
ALLY	C	-0.37%
CUBE	C	-0.37%
SCCO	F	-0.36%
WMS	F	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
MA	B	-0.26%
OLN	F	-0.25%
NNN	C	-0.23%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	A	-0.16%
PAYC	B	-0.16%
BSY	F	-0.13%
EXP	B	-0.08%
WFRD	D	-0.07%
CSWI	B	-0.07%
BKNG	A	-0.07%
MAR	A	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	C	-0.01%