FHEQ vs. ESG ETF Comparison

Comparison of Fidelity Hedged Equity ETF (FHEQ) to FlexShares STOXX US ESG Impact Index Fund (ESG)

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

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

$140.22

Average Daily Volume

4,414

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	FHEQ	ESG
30 Days	2.51%	3.59%
60 Days	3.80%	3.59%
90 Days	4.54%	6.22%
12 Months		27.36%

75 Overlapping Holdings

Symbol	Grade	Weight in FHEQ	Weight in ESG	Overlap
AAPL	C	7.31%	4.84%	4.84%
ADBE	C	0.93%	0.76%	0.76%
ADP	B	0.16%	0.5%	0.16%
ALL	A	0.07%	0.08%	0.07%
AMAT	F	0.7%	0.5%	0.5%
AMT	D	0.24%	0.37%	0.24%
AMZN	C	3.64%	5.34%	3.64%
AVGO	D	1.49%	1.95%	1.49%
BAC	A	1.17%	1.03%	1.03%
BDX	F	0.59%	0.11%	0.11%
BK	A	0.36%	0.23%	0.23%
BLK	C	0.23%	0.72%	0.23%
BMY	B	0.68%	0.39%	0.39%
BRK.A	B	2.19%	3.02%	2.19%
C	A	0.54%	0.64%	0.54%
CAH	B	0.4%	0.09%	0.09%
CAT	B	0.48%	0.31%	0.31%
CI	F	0.63%	0.3%	0.3%
CL	D	0.58%	0.31%	0.31%
CLX	B	0.2%	0.1%	0.1%
CMG	B	0.49%	0.27%	0.27%
COST	B	0.45%	1.01%	0.45%
CRM	B	1.09%	0.53%	0.53%
CSCO	B	0.79%	0.96%	0.79%
CTAS	B	0.66%	0.37%	0.37%
CVS	D	0.22%	0.28%	0.22%
CVX	A	0.02%	1.36%	0.02%
DIS	B	0.57%	0.81%	0.57%
DOC	D	0.08%	0.08%	0.08%
ECL	D	0.62%	0.17%	0.17%
GEHC	F	0.17%	0.17%	0.17%
GEN	B	0.13%	0.07%	0.07%
GILD	C	0.73%	0.28%	0.28%
HD	A	1.32%	0.99%	0.99%
HLT	A	0.18%	0.25%	0.18%
IDXX	F	0.26%	0.06%	0.06%
JNJ	D	0.61%	1.79%	0.61%
JPM	A	1.82%	3.38%	1.82%
KLAC	D	0.54%	0.15%	0.15%
KR	B	0.11%	0.2%	0.11%
LLY	F	0.76%	2.2%	0.76%
LRCX	F	0.23%	0.24%	0.23%
MA	C	1.34%	1.06%	1.06%
MDLZ	F	0.07%	0.36%	0.07%
META	D	2.87%	5.19%	2.87%
MMC	B	0.52%	0.27%	0.27%
MRK	F	0.69%	1.02%	0.69%
MS	A	0.16%	0.26%	0.16%
MSCI	C	0.49%	0.12%	0.12%
MSFT	F	5.64%	4.72%	4.72%
MU	D	0.47%	0.54%	0.47%
NOW	A	0.34%	0.36%	0.34%
ORCL	B	0.04%	0.74%	0.04%
PFE	D	0.56%	0.36%	0.36%
PG	A	0.87%	1.94%	0.87%
PSA	D	0.19%	0.09%	0.09%
PYPL	B	0.54%	0.29%	0.29%
QCOM	F	0.84%	0.6%	0.6%
ROST	C	0.1%	0.2%	0.1%
RSG	A	0.2%	0.07%	0.07%
SPGI	C	0.28%	0.65%	0.28%
TJX	A	0.73%	0.67%	0.67%
TRV	B	0.49%	0.24%	0.24%
TSLA	B	1.26%	2.83%	1.26%
TT	A	0.69%	0.38%	0.38%
UBER	D	0.14%	0.49%	0.14%
UNH	C	0.57%	0.91%	0.57%
UNP	C	0.73%	0.58%	0.58%
V	A	0.47%	2.11%	0.47%
VZ	C	0.18%	0.28%	0.18%
WM	A	0.38%	0.13%	0.13%
WMT	A	0.8%	1.82%	0.8%
XEL	A	0.21%	0.06%	0.06%
XOM	B	1.54%	2.63%	1.54%
ZBRA	B	0.47%	0.07%	0.07%

FHEQ Overweight 93 Positions Relative to ESG

Symbol	Grade	Weight
NVDA	C	7.27%
GOOGL	C	2.02%
GOOG	C	1.74%
NFLX	A	1.26%
ABBV	D	1.0%
PM	B	0.92%
CMCSA	B	0.83%
NEE	D	0.73%
LMT	D	0.69%
T	A	0.67%
PGR	A	0.63%
SQ	B	0.59%
NOC	D	0.56%
SCHW	B	0.56%
SEIC	B	0.54%
DVN	F	0.53%
ZM	B	0.52%
CVNA	B	0.52%
TXT	D	0.51%
DBX	B	0.51%
GE	D	0.45%
IGT	F	0.45%
ALLE	D	0.44%
RTX	C	0.44%
EOG	A	0.43%
CSX	B	0.43%
AXP	A	0.43%
EXEL	B	0.43%
PCAR	B	0.42%
ALRM	C	0.4%
CME	A	0.37%
TDC	D	0.35%
PPG	F	0.34%
ANF	C	0.33%
LDOS	C	0.32%
NUE	C	0.32%
MEDP	D	0.31%
GRMN	B	0.31%
CACI	D	0.3%
TMUS	B	0.29%
SKYW	B	0.29%
HWM	A	0.27%
INCY	C	0.27%
MSI	B	0.26%
TMO	F	0.26%
NSC	B	0.26%
FTNT	C	0.24%
AMGN	D	0.24%
TROW	B	0.23%
LHX	C	0.23%
AME	A	0.22%
MGM	D	0.22%
MMM	D	0.22%
BIIB	F	0.21%
GL	B	0.2%
GAP	C	0.18%
DOCU	A	0.18%
LNW	D	0.17%
FTI	A	0.17%
WDAY	B	0.16%
SPG	B	0.16%
PEGA	A	0.16%
F	C	0.15%
TPH	D	0.15%
ETN	A	0.15%
WFC	A	0.15%
DASH	A	0.12%
VEEV	C	0.12%
CINF	A	0.12%
SOLV	C	0.12%
NBIX	C	0.11%
BBWI	D	0.11%
QRVO	F	0.11%
VST	B	0.11%
PLTK	B	0.1%
MKL	A	0.09%
BAH	F	0.09%
ANET	C	0.08%
BCC	B	0.07%
L	A	0.07%
TENB	C	0.06%
CRUS	D	0.06%
LYFT	C	0.06%
BLD	D	0.05%
UTHR	C	0.05%
QGEN	D	0.04%
SCCO	F	0.04%
LPLA	A	0.03%
MHO	D	0.02%
TWLO	A	0.02%
UNM	A	0.01%
NWL	B	0.01%
OGE	B	0.01%

FHEQ Underweight 184 Positions Relative to ESG

Symbol	Grade	Weight
KO	D	-1.2%
ACN	C	-1.12%
IBM	C	-0.95%
GS	A	-0.92%
AMD	F	-0.74%
ABT	B	-0.66%
TXN	C	-0.62%
SYK	C	-0.56%
BKNG	A	-0.55%
INTC	D	-0.53%
LOW	D	-0.51%
INTU	C	-0.48%
ICE	C	-0.44%
DE	A	-0.44%
VRTX	F	-0.4%
ELV	F	-0.39%
USB	A	-0.39%
MDT	D	-0.36%
APO	B	-0.35%
MCD	D	-0.35%
ADSK	A	-0.33%
ZTS	D	-0.32%
WELL	A	-0.32%
PANW	C	-0.32%
GM	B	-0.32%
SLB	C	-0.31%
TGT	F	-0.29%
MAR	B	-0.28%
AON	A	-0.27%
CRWD	B	-0.26%
MCK	B	-0.26%
CB	C	-0.26%
AFL	B	-0.23%
FLUT	A	-0.23%
NXPI	D	-0.23%
FDX	B	-0.22%
KMB	D	-0.22%
NKE	D	-0.22%
TFC	A	-0.21%
SNPS	B	-0.21%
BSX	B	-0.21%
DUK	C	-0.21%
MET	A	-0.2%
CBRE	B	-0.2%
AEP	D	-0.2%
SBUX	A	-0.19%
LULU	C	-0.19%
NEM	D	-0.19%
GIS	D	-0.18%
CEG	D	-0.18%
DFS	B	-0.18%
VICI	C	-0.17%
CMI	A	-0.17%
GWW	B	-0.17%
IT	C	-0.17%
HPQ	B	-0.17%
OTIS	C	-0.16%
AJG	B	-0.16%
SHW	A	-0.15%
WTW	B	-0.15%
FCX	D	-0.15%
HIG	B	-0.14%
PEG	A	-0.14%
HUBS	A	-0.14%
SRE	A	-0.14%
MCO	B	-0.13%
EA	A	-0.13%
EW	C	-0.13%
AWK	D	-0.13%
EIX	B	-0.13%
IRM	D	-0.13%
CDNS	B	-0.13%
VRSK	A	-0.13%
ROK	B	-0.13%
ITW	B	-0.13%
NDAQ	A	-0.13%
HPE	B	-0.12%
IQV	D	-0.12%
DD	D	-0.12%
EMR	A	-0.12%
TSCO	D	-0.12%
YUM	B	-0.12%
WY	D	-0.11%
WDC	D	-0.11%
VLO	C	-0.11%
DECK	A	-0.11%
XYL	D	-0.1%
OMC	C	-0.1%
FDS	B	-0.1%
EBAY	D	-0.1%
DOW	F	-0.1%
BKR	B	-0.1%
CTSH	B	-0.1%
HSY	F	-0.1%
FTV	C	-0.1%
WAB	B	-0.09%
BR	A	-0.09%
BBY	D	-0.09%
LII	A	-0.09%
AZO	C	-0.09%
KHC	F	-0.09%
K	A	-0.09%
ETR	B	-0.08%
D	C	-0.08%
LNG	B	-0.08%
FITB	A	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
NTAP	C	-0.08%
PFG	D	-0.08%
WSM	B	-0.08%
AIG	B	-0.08%
ADM	D	-0.08%
CCL	B	-0.08%
VTR	C	-0.07%
EXPE	B	-0.07%
STZ	D	-0.07%
XPO	B	-0.07%
BALL	D	-0.07%
PNR	A	-0.07%
STT	A	-0.07%
NVT	B	-0.06%
HOLX	D	-0.06%
IPG	D	-0.06%
MKC	D	-0.06%
GLW	B	-0.06%
A	D	-0.06%
ESS	B	-0.06%
RF	A	-0.06%
ACM	A	-0.06%
KDP	D	-0.06%
CTVA	C	-0.06%
HBAN	A	-0.06%
EL	F	-0.06%
KEY	B	-0.05%
DOV	A	-0.05%
BURL	A	-0.05%
SMCI	F	-0.05%
FANG	D	-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	D	-0.04%
DLTR	F	-0.04%
SWK	D	-0.04%
DPZ	C	-0.04%
WST	C	-0.04%
IEX	B	-0.04%
BAX	D	-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	B	-0.04%
OC	A	-0.03%
CAG	D	-0.03%
LECO	B	-0.03%
BG	F	-0.03%
STX	D	-0.03%
TSN	B	-0.03%
EXPD	D	-0.03%
MAS	D	-0.03%
AKAM	D	-0.03%
JBL	B	-0.03%
OKTA	C	-0.02%
HST	C	-0.02%
SJM	D	-0.02%
DKS	C	-0.02%
LKQ	D	-0.02%
FFIV	B	-0.02%
TFX	F	-0.02%
RNR	C	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%
DG	F	-0.02%