ESG vs. FVAL ETF Comparison

Comparison of FlexShares STOXX US ESG Impact Index Fund (ESG) to Fidelity Value Factor ETF (FVAL)

ESG

FlexShares STOXX US ESG Impact Index Fund

ESG Description

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX US ESG Impact Index.

Grade (RS Rating)

Last Trade

$135.63

Average Daily Volume

5,766

Number of Holdings ^*

258

* may have additional holdings in another (foreign) market

FVAL

Fidelity Value Factor ETF

FVAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Value Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Value Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies that have attractive valuations.

Grade (RS Rating)

Last Trade

$60.77

Average Daily Volume

60,509

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	ESG	FVAL
30 Days	3.41%	4.67%
60 Days	11.15%	10.40%
90 Days	3.57%	4.82%
12 Months	31.00%	30.90%

65 Overlapping Holdings

Symbol	Grade	Weight in ESG	Weight in FVAL	Overlap
AAPL	C	4.94%	6.97%	4.94%
ACN	B	1.12%	1.17%	1.12%
ADM	F	0.1%	0.4%	0.1%
ADP	A	0.48%	0.6%	0.48%
AEP	C	0.23%	0.29%	0.23%
AMZN	C	4.81%	3.71%	3.71%
ARE	D	0.06%	0.19%	0.06%
BAC	B	0.91%	0.98%	0.91%
BG	F	0.03%	0.36%	0.03%
BKNG	B	0.46%	0.77%	0.46%
BMY	A	0.36%	0.91%	0.36%
BRK.A	B	3.04%	2.08%	2.08%
C	B	0.6%	0.69%	0.6%
CAT	A	0.33%	0.8%	0.33%
CBRE	C	0.19%	0.23%	0.19%
CI	D	0.33%	0.9%	0.33%
CMI	A	0.15%	0.48%	0.15%
CRM	B	0.44%	1.28%	0.44%
CTSH	B	0.1%	0.78%	0.1%
CVS	D	0.33%	0.84%	0.33%
CVX	B	1.3%	0.62%	0.62%
DE	C	0.48%	0.64%	0.48%
DFS	A	0.15%	0.55%	0.15%
DOW	B	0.13%	0.21%	0.13%
DUK	C	0.22%	0.36%	0.22%
EBAY	A	0.11%	0.55%	0.11%
ELV	F	0.5%	0.9%	0.5%
EXPE	B	0.06%	0.56%	0.06%
FCX	B	0.19%	0.3%	0.19%
FDX	F	0.21%	0.45%	0.21%
GILD	A	0.26%	0.94%	0.26%
GM	D	0.26%	0.56%	0.26%
HD	A	1.03%	1.23%	1.03%
HPE	B	0.11%	0.79%	0.11%
HST	D	0.02%	0.18%	0.02%
IBM	A	1.02%	1.21%	1.02%
INTC	D	0.49%	0.77%	0.49%
JNJ	D	1.97%	1.42%	1.42%
JPM	C	2.98%	1.63%	1.63%
KMB	D	0.24%	0.45%	0.24%
KR	C	0.19%	0.43%	0.19%
LVS	B	0.04%	0.61%	0.04%
MCD	A	0.37%	0.9%	0.37%
META	A	5.33%	2.69%	2.69%
MRK	F	1.22%	1.23%	1.22%
MSFT	D	4.79%	6.76%	4.79%
MU	D	0.56%	0.97%	0.56%
NEM	C	0.26%	0.26%	0.26%
NRG	A	0.05%	0.27%	0.05%
OC	C	0.03%	0.38%	0.03%
PG	D	2.06%	1.14%	1.14%
PSA	C	0.1%	0.28%	0.1%
QCOM	D	0.62%	1.09%	0.62%
RNR	A	0.02%	0.58%	0.02%
RPRX	D	0.06%	0.69%	0.06%
TGT	C	0.3%	0.5%	0.3%
TRV	B	0.22%	0.63%	0.22%
UNH	B	0.92%	1.71%	0.92%
UNP	F	0.63%	0.66%	0.63%
V	B	1.95%	1.31%	1.31%
VICI	C	0.18%	0.22%	0.18%
VLO	F	0.11%	0.22%	0.11%
VZ	C	0.32%	0.67%	0.32%
WMT	A	1.8%	1.04%	1.04%
XOM	A	2.69%	1.14%	1.14%

ESG Overweight 193 Positions Relative to FVAL

Symbol	Grade	Weight
LLY	D	2.54%
TSLA	C	2.42%
AVGO	B	1.97%
KO	C	1.42%
MA	A	1.04%
COST	C	0.99%
CSCO	A	0.9%
AMD	C	0.87%
GS	B	0.78%
ADBE	F	0.75%
DIS	D	0.72%
ORCL	A	0.68%
ABT	C	0.67%
TJX	D	0.67%
SPGI	C	0.67%
BLK	A	0.66%
TXN	C	0.62%
AMAT	C	0.55%
SYK	C	0.54%
LOW	C	0.53%
UBER	C	0.53%
ICE	A	0.47%
AMT	D	0.45%
INTU	F	0.43%
PFE	D	0.41%
MDLZ	D	0.41%
VRTX	D	0.4%
MDT	C	0.39%
TT	A	0.37%
CTAS	C	0.36%
ZTS	C	0.36%
CL	D	0.35%
USB	C	0.35%
NOW	B	0.31%
WELL	C	0.31%
SLB	D	0.31%
APO	A	0.29%
ADSK	B	0.29%
CB	A	0.28%
MMC	D	0.28%
NKE	D	0.27%
PYPL	A	0.27%
PANW	B	0.27%
MAR	A	0.26%
AON	A	0.26%
LRCX	D	0.26%
CMG	C	0.26%
NXPI	F	0.25%
HLT	A	0.24%
AFL	A	0.24%
BK	A	0.22%
MCK	F	0.22%
GIS	C	0.21%
FLUT	B	0.21%
ROST	D	0.21%
CRWD	D	0.21%
CEG	A	0.21%
MS	A	0.21%
GEHC	C	0.2%
MET	A	0.2%
BSX	A	0.2%
TFC	D	0.19%
SBUX	B	0.19%
SNPS	F	0.19%
KLAC	B	0.18%
ECL	C	0.18%
HPQ	B	0.17%
OTIS	A	0.17%
LULU	D	0.16%
AJG	C	0.16%
IT	A	0.16%
SHW	C	0.15%
AWK	D	0.15%
PEG	A	0.15%
WTW	C	0.15%
GWW	B	0.15%
IQV	F	0.14%
IRM	B	0.14%
EIX	C	0.14%
HIG	A	0.14%
MCO	D	0.13%
ROK	D	0.13%
VRSK	D	0.13%
DD	C	0.13%
NDAQ	C	0.13%
YUM	C	0.13%
EW	F	0.13%
WM	B	0.13%
TSCO	A	0.13%
ITW	C	0.13%
SRE	C	0.13%
WDC	C	0.12%
CDNS	D	0.12%
MSCI	B	0.12%
WY	C	0.12%
BDX	C	0.12%
HUBS	D	0.11%
FTV	C	0.11%
XYL	C	0.11%
HSY	D	0.11%
EA	D	0.11%
K	B	0.1%
EL	D	0.1%
CLX	C	0.1%
WSM	C	0.1%
BBY	C	0.1%
OMC	C	0.1%
DECK	B	0.1%
KHC	F	0.1%
EMR	B	0.1%
NTAP	D	0.09%
CAH	B	0.09%
LII	C	0.09%
BKR	B	0.09%
AZO	D	0.09%
FDS	C	0.09%
STZ	D	0.08%
CCEP	C	0.08%
WAB	A	0.08%
AIG	C	0.08%
BALL	C	0.08%
BR	B	0.08%
D	A	0.08%
PFG	A	0.08%
DOC	C	0.08%
ALL	A	0.08%
CTVA	A	0.07%
RSG	D	0.07%
MKC	C	0.07%
GEN	A	0.07%
PNR	C	0.07%
STT	A	0.07%
A	B	0.07%
LNG	A	0.07%
VTR	C	0.07%
ETR	A	0.07%
KDP	C	0.07%
FITB	C	0.07%
NU	D	0.07%
IDXX	D	0.07%
SUI	D	0.06%
LNT	B	0.06%
GLW	C	0.06%
MRNA	F	0.06%
HOLX	D	0.06%
ESS	D	0.06%
ACM	A	0.06%
AES	C	0.06%
XEL	C	0.06%
ED	C	0.06%
IPG	D	0.06%
CCL	C	0.06%
ZBRA	B	0.06%
DOV	C	0.05%
BURL	C	0.05%
NDSN	C	0.05%
FANG	D	0.05%
APTV	D	0.05%
BAX	D	0.05%
SWK	C	0.05%
MRO	B	0.05%
DOX	B	0.05%
CMS	A	0.05%
NVT	C	0.05%
HBAN	B	0.05%
XPO	F	0.05%
RF	B	0.05%
STX	C	0.04%
WST	D	0.04%
IEX	D	0.04%
DPZ	D	0.04%
AKAM	D	0.04%
DLTR	F	0.04%
KEY	B	0.04%
NI	A	0.04%
ZBH	F	0.04%
SNAP	D	0.04%
PPL	C	0.04%
DG	F	0.03%
LECO	D	0.03%
TFX	C	0.03%
TSN	D	0.03%
AVTR	D	0.03%
JBL	C	0.03%
EXPD	D	0.03%
MAS	C	0.03%
CAG	D	0.03%
OKTA	F	0.02%
SJM	D	0.02%
DKS	D	0.02%
FFIV	B	0.02%
LKQ	F	0.02%
PSTG	F	0.02%

ESG Underweight 59 Positions Relative to FVAL

Symbol	Grade	Weight
NVDA	B	-6.45%
GOOGL	B	-3.64%
ABBV	C	-1.35%
ZM	B	-0.87%
WFC	B	-0.84%
AXP	A	-0.81%
CNC	F	-0.73%
SWKS	F	-0.68%
HON	C	-0.64%
LMT	A	-0.63%
T	B	-0.62%
CMCSA	B	-0.61%
COF	A	-0.6%
LIN	C	-0.58%
UPS	D	-0.57%
UAL	A	-0.55%
MMM	C	-0.55%
WYNN	B	-0.55%
PRU	B	-0.55%
EG	A	-0.54%
DAL	C	-0.53%
NEE	C	-0.53%
KVUE	C	-0.52%
MO	D	-0.52%
JXN	A	-0.52%
SYF	A	-0.52%
F	D	-0.51%
PCAR	D	-0.48%
OZK	D	-0.45%
G	A	-0.44%
AGCO	D	-0.41%
RHI	D	-0.41%
M	D	-0.4%
COP	D	-0.39%
PLD	D	-0.36%
ACI	F	-0.34%
PARA	F	-0.29%
EOG	B	-0.29%
PCG	C	-0.28%
EXC	C	-0.27%
O	C	-0.26%
MPC	D	-0.26%
SPG	A	-0.26%
ATKR	F	-0.25%
NUE	D	-0.2%
NFG	A	-0.2%
BXP	B	-0.19%
UGI	C	-0.19%
LYB	B	-0.18%
JLL	C	-0.18%
CF	A	-0.18%
WPC	C	-0.18%
DVN	F	-0.18%
STLD	C	-0.17%
GLPI	C	-0.17%
MOS	F	-0.14%
MUR	F	-0.14%
CLF	D	-0.13%
CIVI	F	-0.13%