ESG vs. WBIL ETF Comparison

Comparison of FlexShares STOXX US ESG Impact Index Fund (ESG) to WBI Large Cap Tactical Select Shares (WBIL)

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

$141.16

Average Daily Volume

4,374

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

WBIL

WBI Large Cap Tactical Select Shares

WBIL Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$36.96

Average Daily Volume

1,699

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ESG	WBIL
30 Days	4.11%	5.54%
60 Days	4.13%	8.20%
90 Days	7.16%	8.01%
12 Months	28.18%	23.82%

15 Overlapping Holdings

Symbol	Grade	Weight in ESG	Weight in WBIL	Overlap
AAPL	B	4.84%	4.79%	4.79%
AMZN	C	5.34%	3.08%	3.08%
BR	A	0.09%	2.17%	0.09%
COST	B	1.01%	1.94%	1.01%
CRM	B	0.53%	4.06%	0.53%
CRWD	B	0.26%	4.95%	0.26%
EA	C	0.13%	4.94%	0.13%
INTU	C	0.48%	2.15%	0.48%
LULU	C	0.19%	4.23%	0.19%
META	D	5.19%	0.91%	0.91%
PANW	C	0.32%	1.75%	0.32%
SBUX	B	0.19%	1.84%	0.19%
TJX	A	0.67%	0.95%	0.67%
TT	B	0.38%	0.87%	0.38%
UBER	D	0.49%	3.66%	0.49%

ESG Overweight 244 Positions Relative to WBIL

Symbol	Grade	Weight
MSFT	D	4.72%
JPM	B	3.38%
BRK.A	B	3.02%
TSLA	B	2.83%
XOM	C	2.63%
LLY	F	2.2%
V	A	2.11%
AVGO	D	1.95%
PG	A	1.94%
WMT	B	1.82%
JNJ	D	1.79%
CVX	B	1.36%
KO	D	1.2%
ACN	B	1.12%
MA	B	1.06%
BAC	A	1.03%
MRK	F	1.02%
HD	A	0.99%
CSCO	A	0.96%
IBM	C	0.95%
GS	B	0.92%
UNH	B	0.91%
DIS	B	0.81%
ADBE	C	0.76%
AMD	F	0.74%
ORCL	C	0.74%
BLK	C	0.72%
ABT	B	0.66%
SPGI	C	0.65%
C	A	0.64%
TXN	D	0.62%
QCOM	F	0.6%
UNP	C	0.58%
SYK	C	0.56%
BKNG	B	0.55%
MU	D	0.54%
INTC	C	0.53%
LOW	C	0.51%
AMAT	F	0.5%
ADP	B	0.5%
ICE	D	0.44%
DE	B	0.44%
VRTX	D	0.4%
ELV	F	0.39%
USB	A	0.39%
BMY	B	0.39%
CTAS	B	0.37%
AMT	D	0.37%
NOW	B	0.36%
MDLZ	F	0.36%
PFE	D	0.36%
MDT	D	0.36%
APO	A	0.35%
MCD	D	0.35%
ADSK	B	0.33%
ZTS	D	0.32%
WELL	C	0.32%
GM	B	0.32%
CL	D	0.31%
SLB	C	0.31%
CAT	B	0.31%
CI	D	0.3%
PYPL	A	0.29%
TGT	F	0.29%
VZ	B	0.28%
GILD	B	0.28%
CVS	D	0.28%
MAR	A	0.28%
MMC	A	0.27%
CMG	B	0.27%
AON	A	0.27%
MS	B	0.26%
MCK	C	0.26%
CB	D	0.26%
HLT	A	0.25%
TRV	B	0.24%
LRCX	F	0.24%
AFL	B	0.23%
FLUT	A	0.23%
NXPI	D	0.23%
BK	A	0.23%
FDX	B	0.22%
KMB	C	0.22%
NKE	F	0.22%
TFC	B	0.21%
SNPS	B	0.21%
BSX	C	0.21%
DUK	C	0.21%
KR	A	0.2%
ROST	C	0.2%
MET	A	0.2%
CBRE	B	0.2%
AEP	D	0.2%
NEM	F	0.19%
GIS	D	0.18%
CEG	D	0.18%
DFS	B	0.18%
VICI	C	0.17%
CMI	A	0.17%
GWW	A	0.17%
IT	C	0.17%
ECL	D	0.17%
HPQ	B	0.17%
GEHC	F	0.17%
OTIS	C	0.16%
AJG	A	0.16%
SHW	A	0.15%
KLAC	F	0.15%
WTW	B	0.15%
FCX	F	0.15%
HIG	B	0.14%
PEG	A	0.14%
HUBS	B	0.14%
SRE	A	0.14%
MCO	A	0.13%
EW	C	0.13%
AWK	D	0.13%
EIX	A	0.13%
IRM	C	0.13%
CDNS	B	0.13%
VRSK	A	0.13%
ROK	B	0.13%
ITW	A	0.13%
NDAQ	A	0.13%
WM	A	0.13%
HPE	B	0.12%
IQV	F	0.12%
DD	D	0.12%
EMR	A	0.12%
TSCO	C	0.12%
YUM	B	0.12%
MSCI	C	0.12%
WY	D	0.11%
WDC	C	0.11%
VLO	C	0.11%
BDX	F	0.11%
DECK	A	0.11%
CLX	C	0.1%
XYL	D	0.1%
OMC	C	0.1%
FDS	B	0.1%
EBAY	C	0.1%
DOW	F	0.1%
BKR	C	0.1%
CTSH	B	0.1%
HSY	F	0.1%
FTV	B	0.1%
WAB	B	0.09%
PSA	C	0.09%
BBY	D	0.09%
LII	A	0.09%
AZO	C	0.09%
KHC	D	0.09%
K	A	0.09%
CAH	B	0.09%
DOC	C	0.08%
ETR	B	0.08%
D	C	0.08%
LNG	B	0.08%
FITB	B	0.08%
NU	D	0.08%
CCEP	B	0.08%
NTAP	C	0.08%
PFG	C	0.08%
WSM	B	0.08%
AIG	B	0.08%
ADM	F	0.08%
CCL	B	0.08%
ALL	B	0.08%
RSG	A	0.07%
VTR	D	0.07%
ZBRA	A	0.07%
EXPE	B	0.07%
STZ	D	0.07%
GEN	A	0.07%
XPO	B	0.07%
BALL	D	0.07%
PNR	B	0.07%
STT	A	0.07%
NVT	B	0.06%
HOLX	D	0.06%
IPG	C	0.06%
MKC	D	0.06%
GLW	B	0.06%
A	D	0.06%
IDXX	F	0.06%
ESS	B	0.06%
RF	B	0.06%
ACM	A	0.06%
KDP	D	0.06%
CTVA	B	0.06%
HBAN	B	0.06%
EL	F	0.06%
XEL	A	0.06%
KEY	A	0.05%
DOV	A	0.05%
BURL	B	0.05%
SMCI	D	0.05%
FANG	F	0.05%
CMS	C	0.05%
DOX	D	0.05%
MRO	B	0.05%
SUI	D	0.05%
RPRX	D	0.05%
ARE	D	0.05%
LNT	A	0.05%
ED	D	0.05%
MRNA	F	0.04%
APTV	F	0.04%
DLTR	D	0.04%
SWK	D	0.04%
DPZ	C	0.04%
WST	C	0.04%
IEX	B	0.04%
BAX	F	0.04%
NI	A	0.04%
LVS	C	0.04%
ZBH	C	0.04%
AES	F	0.04%
SNAP	C	0.04%
PPL	B	0.04%
NDSN	B	0.04%
NRG	C	0.04%
OC	B	0.03%
CAG	D	0.03%
LECO	C	0.03%
BG	F	0.03%
STX	D	0.03%
TSN	B	0.03%
EXPD	C	0.03%
MAS	C	0.03%
AKAM	F	0.03%
JBL	C	0.03%
OKTA	C	0.02%
HST	C	0.02%
SJM	D	0.02%
DKS	C	0.02%
LKQ	D	0.02%
FFIV	A	0.02%
TFX	F	0.02%
RNR	C	0.02%
AVTR	F	0.02%
PSTG	D	0.02%
DG	F	0.02%

ESG Underweight 25 Positions Relative to WBIL

Symbol	Grade	Weight
SCHW	A	-5.19%
AMP	B	-4.93%
MRVL	B	-4.54%
FI	A	-4.35%
TPL	B	-4.13%
URI	B	-3.61%
NVDA	C	-3.46%
CPAY	A	-3.21%
BX	B	-2.73%
FICO	B	-2.23%
PWR	A	-2.11%
RMD	C	-1.88%
TYL	A	-1.74%
EME	B	-1.46%
NFLX	B	-1.11%
FAST	B	-1.06%
PH	A	-1.02%
PAYX	B	-1.0%
SPOT	B	-0.98%
AGZD	B	-0.74%
FLTR	A	-0.73%
FALN	A	-0.72%
FTSL	B	-0.67%
STIP	B	-0.52%
BKLN	A	-0.32%