FEDM vs. EFAV ETF Comparison

Comparison of FlexShares ESG & Climate Developed Markets (FEDM) to iShares MSCI EAFE Minimum Volatility ETF (EFAV)

FEDM

FlexShares ESG & Climate Developed Markets

FEDM Description

FlexShares ESG & Climate Developed Markets is an exchange traded indexed fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in public equity markets across global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Northern Trust ESG & Climate Developed Markets, by using representative sampling technique. FlexShares ESG & Climate Developed Markets was formed on September 20, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.33

Average Daily Volume

1,118

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EFAV

iShares MSCI EAFE Minimum Volatility ETF

EFAV Description

The investment seeks the investment results of an index composed of developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed equity markets, excluding the U.S. and Canada. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the MSCI EAFE Minimum Volatility Index. The components of the underlying index, and the degree to which these components represent certain industries, may change over time. Components primarily include consumer staples, financial and healthcare companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.59

Average Daily Volume

276,888

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEDM	EFAV
30 Days	-3.24%	-2.16%
60 Days	-6.21%	-5.71%
90 Days	-3.86%	-4.99%
12 Months	12.02%	11.54%

6 Overlapping Holdings

Symbol	Grade	Weight in FEDM	Weight in EFAV	Overlap
HMC	F	0.04%	0.24%	0.04%
MFG	B	0.15%	0.36%	0.15%
MUFG	B	0.89%	0.8%	0.8%
NMR	B	0.5%	0.11%	0.11%
SONY	B	0.75%	0.71%	0.71%
TM	D	0.56%	1.1%	0.56%

FEDM Overweight 10 Positions Relative to EFAV

Symbol	Grade	Weight
TD	F	1.24%
NVS	D	1.21%
DEO	F	0.95%
CNI	D	0.87%
HSBH	B	0.75%
XRX	F	0.34%
BCS	C	0.24%
OTEX	D	0.22%
WFG	D	0.15%
GOLD	D	0.05%

FEDM Underweight 3 Positions Relative to EFAV

Symbol	Grade	Weight
SMFG	B	-0.54%
AGCO	D	-0.04%
MBAVU	D	-0.02%