FDWM vs. QDF ETF Comparison

Comparison of Fidelity Women's Leadership ETF (FDWM) to FlexShares Quality Dividend Index Fund (QDF)

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.72

Average Daily Volume

241

Number of Holdings ^*

101

* 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

$73.22

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	FDWM	QDF
30 Days	2.79%	1.66%
60 Days	2.73%	2.62%
90 Days	4.82%	4.00%
12 Months	24.93%	26.92%

20 Overlapping Holdings

Symbol	Grade	Weight in FDWM	Weight in QDF	Overlap
AAPL	C	4.35%	8.54%	4.35%
ACN	C	2.03%	1.93%	1.93%
BAC	A	1.11%	0.02%	0.02%
FIS	C	0.82%	0.62%	0.62%
GEN	B	0.93%	0.58%	0.58%
GOOG	C	2.61%	1.63%	1.63%
INTU	C	0.85%	1.74%	0.85%
JPM	A	1.5%	0.75%	0.75%
LOW	D	0.54%	1.27%	0.54%
MA	C	1.09%	0.26%	0.26%
MRK	F	0.68%	0.45%	0.45%
MSFT	F	3.66%	4.91%	3.66%
NKE	D	0.37%	0.83%	0.37%
NVDA	C	3.24%	5.81%	3.24%
NXPI	D	1.16%	0.52%	0.52%
PSA	D	0.75%	0.6%	0.6%
SBUX	A	0.55%	0.76%	0.55%
TPR	B	0.51%	0.57%	0.51%
WSM	B	1.4%	0.43%	0.43%
ZTS	D	0.78%	0.74%	0.74%

FDWM Overweight 81 Positions Relative to QDF

Symbol	Grade	Weight
AMZN	C	2.56%
DIS	B	1.93%
HOLX	D	1.76%
PGR	A	1.73%
CI	F	1.69%
CRM	B	1.62%
ANET	C	1.41%
ADBE	C	1.32%
CDW	F	1.23%
HUBS	A	1.21%
AMD	F	1.19%
VTR	C	1.16%
CNC	D	1.13%
PODD	C	1.1%
MRVL	B	1.08%
BKR	B	1.04%
HIG	B	1.04%
NEE	D	1.0%
ALNY	D	1.0%
WEX	D	0.99%
C	A	0.98%
FSLR	F	0.98%
GEV	B	0.96%
NDAQ	A	0.95%
ETN	A	0.94%
LDOS	C	0.94%
ULTA	F	0.94%
MMC	B	0.93%
ELV	F	0.92%
TMHC	B	0.92%
DE	A	0.92%
PH	A	0.87%
MU	D	0.87%
CLX	B	0.83%
EL	F	0.8%
CBT	C	0.78%
HLT	A	0.78%
UPS	C	0.77%
NSIT	F	0.76%
FSS	B	0.74%
OTIS	C	0.71%
SAIC	F	0.71%
RRX	B	0.7%
BALL	D	0.69%
GSK	F	0.67%
AR	B	0.66%
NFLX	A	0.66%
HBAN	A	0.65%
ETSY	D	0.64%
EMN	D	0.62%
ICLR	D	0.61%
EXAS	D	0.61%
BBY	D	0.61%
VRTX	F	0.59%
CE	F	0.57%
OLED	D	0.57%
SUM	B	0.57%
USB	A	0.56%
OXY	D	0.55%
PINS	D	0.55%
DELL	C	0.53%
EQT	B	0.52%
NVT	B	0.51%
ATI	D	0.51%
HSY	F	0.5%
BG	F	0.47%
MAN	D	0.47%
WRBY	B	0.45%
MTN	C	0.44%
VLTO	D	0.42%
RUN	F	0.36%
AMN	F	0.36%
ARCB	C	0.34%
ZLAB	C	0.31%
PD	C	0.29%
ELF	C	0.28%
GAP	C	0.24%
RDUS	C	0.24%
SEDG	F	0.21%
MLKN	D	0.2%
SAGE	F	0.08%

FDWM Underweight 107 Positions Relative to QDF

Symbol	Grade	Weight
META	D	-3.1%
PG	A	-3.03%
JNJ	D	-3.01%
ABBV	D	-2.58%
KO	D	-2.16%
GOOGL	C	-1.84%
HD	A	-1.77%
QCOM	F	-1.68%
PM	B	-1.41%
UNP	C	-1.24%
ADP	B	-1.11%
GILD	C	-1.0%
MS	A	-0.98%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
KLAC	D	-0.76%
CAT	B	-0.75%
ITW	B	-0.74%
FAST	B	-0.68%
BK	A	-0.68%
MMM	D	-0.65%
PAYX	C	-0.63%
LMT	D	-0.62%
AFL	B	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	A	-0.58%
MET	A	-0.56%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
IPG	D	-0.45%
MCHP	D	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
TT	A	-0.43%
CFR	B	-0.42%
NUE	C	-0.42%
EVRG	A	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	B	-0.39%
PFG	D	-0.39%
RHI	B	-0.38%
ALLY	C	-0.37%
CUBE	D	-0.37%
SCCO	F	-0.36%
WMS	D	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
IRDM	D	-0.31%
NEP	F	-0.3%
BR	A	-0.3%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
CL	D	-0.15%
COR	B	-0.14%
WMT	A	-0.13%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BBWI	D	-0.01%