# Portfolio overlap — ITFEX vs QLVD

Comparing **Voya International High Dividend Low Volatility Portfolio** (2026-03-31) and **FlexShares Developed Markets ex-US Quality Low Volatility Index Fund** (2026-01-31).

- Shared positions: 62
- Voya International High Dividend Low Volatility Portfolio covered by FlexShares Developed Markets ex-US Quality Low Volatility Index Fund: 0.3016548417797217637397101923
- FlexShares Developed Markets ex-US Quality Low Volatility Index Fund covered by Voya International High Dividend Low Volatility Portfolio: 0.3016548417797217637397101921

## Voya International High Dividend Low Volatility Portfolio — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| HSBC HOLDINGS PL | 0.029327 | ✓ |
| SHELL PLC | 0.023844 | ✓ |
| ALLIANZ SE (REGD) | 0.019838 | ✓ |
| ISHARES MSCI EAFE VALUE ETF MUTUAL FUND | 0.016770 |  |
| IBERDROLA SA | 0.015874 | ✓ |
| ZURICH INSURANCE | 0.014270 | ✓ |
| ENEL SPA | 0.013719 |  |
| BRITISH AMERICAN TOBACCO PLC | 0.013717 |  |
| BP PLC | 0.012735 |  |
| INTESA SANPAOLO | 0.012648 |  |
| EQUINOR ASA | 0.012183 |  |
| ENI SPA | 0.012164 | ✓ |
| ENGIE | 0.011584 | ✓ |
| TAKEDA PHARMACEU | 0.011580 | ✓ |
| ANZ GROUP HOLDIN | 0.011549 |  |
| ING GROEP NV | 0.011490 |  |
| OCBC BANK | 0.010682 | ✓ |
| AXA | 0.009572 |  |
| JAPAN TOBACCO | 0.009512 | ✓ |
| NORDEA BANK ABP | 0.009490 |  |
| KONINKLIJKE AHOL | 0.009452 | ✓ |
| ASTELLAS PHARMA | 0.008942 | ✓ |
| DNB BANK ASA | 0.008809 |  |
| DEUTSCHE TELEKOM | 0.008693 | ✓ |
| UNITED OVERSEAS | 0.008554 |  |
| RECKITT BENCKISE | 0.008541 |  |
| ROCHE HOLDING AG | 0.008493 |  |
| BHP GROUP LTD | 0.008484 |  |
| NTT INC | 0.008379 |  |
| DANSKE BANK A/S | 0.008118 | ✓ |
| KPN (KONIN) NV | 0.007921 | ✓ |
| AIB GROUP PLC | 0.007757 |  |
| SAMPO OYJ-A SHS | 0.007669 | ✓ |
| IMPERIAL BRANDS | 0.007621 |  |
| HELVETIA HOL-REG | 0.007403 | ✓ |
| BOC HONG KONG HO | 0.007350 | ✓ |
| NN GROUP | 0.007161 |  |
| TELENOR ASA | 0.007054 |  |
| Fresenius SE & Company KGaA | 0.007009 |  |
| ABN AMRO BANK-CV | 0.006968 |  |
| Bridgestone Corporation | 0.006925 | ✓ |
| DANONE SA | 0.006897 | ✓ |
| SECOM CO LTD | 0.006869 | ✓ |
| Daito Trust Construction Company, Ltd. | 0.006840 |  |
| AVIVA PLC | 0.006813 |  |
| CREDIT AGRICOLE | 0.006767 |  |
| TERNA-RETE ELETT | 0.006766 |  |
| POWER ASSETS | 0.006764 | ✓ |
| BANK OF IRELAND GROUP PLC | 0.006710 |  |
| KAO CORP | 0.006637 | ✓ |

## FlexShares Developed Markets ex-US Quality Low Volatility Index Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Treasury Repurchase Agreement | 0.038021 |  |
| Novartis AG (Registered) | 0.036178 | ✓ |
| UNILEVER PLC | 0.025507 |  |
| ROYAL BANK OF CANADA | 0.021854 |  |
| Sanofi SA | 0.017930 | ✓ |
| NESTLE SA (REG) | 0.015376 | ✓ |
| CAN IMPL BK COMM | 0.014929 |  |
| MITSUBISHI CORP | 0.014808 |  |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.014592 | ✓ |
| IBERDROLA SA | 0.014588 | ✓ |
| ASML Holding NV | 0.014574 |  |
| DEUTSCHE TELEKOM | 0.013152 | ✓ |
| MUENCHENER RUE-R | 0.013009 |  |
| DBS GROUP HLDGS | 0.012931 | ✓ |
| JAPAN POST BANK | 0.011384 |  |
| OCBC BANK | 0.010373 | ✓ |
| FRANCO-NEVADA CORP | 0.010201 |  |
| ZURICH INSURANCE | 0.010143 | ✓ |
| BANK LEUMI LE-IS | 0.009547 | ✓ |
| BANK HAPOALIM | 0.009467 | ✓ |
| ENGIE | 0.009329 | ✓ |
| TAKEDA PHARMACEU | 0.009256 | ✓ |
| CAN NATL RAILWAY | 0.009003 |  |
| DANONE SA | 0.008822 | ✓ |
| Compass Group PLC | 0.008718 |  |
| FERGUSON ENTERPRISES INC | 0.008680 |  |
| POWER ASSETS | 0.008648 | ✓ |
| SWISS PRIME -REG | 0.008592 |  |
| DEUTSCHE BOERSE | 0.008574 |  |
| SHIONOGI & CO | 0.008538 |  |
| CK INFRASTRUCTURE HOLDINGS LTD | 0.008502 |  |
| KDDI Corporation | 0.008474 |  |
| Kone OYJ, Class B | 0.008337 |  |
| AENA SME SA | 0.008269 | ✓ |
| SOFTBANK CORP | 0.008192 | ✓ |
| MIZRAHI TEFAHOT | 0.008171 |  |
| NATL BK CANADA | 0.008168 |  |
| KPN (KONIN) NV | 0.008167 | ✓ |
| SHELL PLC | 0.008160 | ✓ |
| SGS SA-REG | 0.008144 | ✓ |
| BOC HONG KONG HO | 0.008122 | ✓ |
| HALEON PLC | 0.008103 |  |
| SCHINDLER HLD-PC | 0.008035 | ✓ |
| SINGAPORE EXCH | 0.007991 |  |
| SAMPO OYJ-A SHS | 0.007789 | ✓ |
| GEBERIT INTERNATINAL AG | 0.007716 |  |
| CAPITALAND INTEG | 0.007704 |  |
| LINDT SPRUENGLI AG PC | 0.007594 |  |
| JAPAN TOBACCO | 0.007594 | ✓ |
| INTACT FINL CORP | 0.007380 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-022818` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1039001/000094040026022818/0000940400-26-022818-index.htm>
- N-PORT (fund B) — accession `0002071691-26-006231` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1491978/000207169126006231/0002071691-26-006231-index.htm>

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