FVAL vs. ESG ETF Comparison

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

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

$63.69

Average Daily Volume

81,730

Number of Holdings ^*

124

* 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

$141.16

Average Daily Volume

4,374

Number of Holdings ^*

259

* may have additional holdings in another (foreign) market

Performance

Period	FVAL	ESG
30 Days	4.00%	4.11%
60 Days	5.45%	4.13%
90 Days	7.75%	7.16%
12 Months	29.12%	28.18%

65 Overlapping Holdings

Symbol	Grade	Weight in FVAL	Weight in ESG	Overlap
AAPL	B	6.68%	4.84%	4.84%
ACN	B	1.15%	1.12%	1.12%
ADM	F	0.35%	0.08%	0.08%
ADP	B	0.64%	0.5%	0.5%
AEP	D	0.26%	0.2%	0.2%
AMZN	C	3.88%	5.34%	3.88%
ARE	D	0.16%	0.05%	0.05%
BAC	A	1.13%	1.03%	1.03%
BG	F	0.32%	0.03%	0.03%
BKNG	B	0.87%	0.55%	0.55%
BMY	B	0.98%	0.39%	0.39%
BRK.A	B	2.07%	3.02%	2.07%
C	A	0.74%	0.64%	0.64%
CAT	B	0.77%	0.31%	0.31%
CBRE	B	0.23%	0.2%	0.2%
CI	D	0.81%	0.3%	0.3%
CMI	A	0.52%	0.17%	0.17%
CRM	B	1.46%	0.53%	0.53%
CTSH	B	0.76%	0.1%	0.1%
CVS	D	0.71%	0.28%	0.28%
CVX	B	0.67%	1.36%	0.67%
DE	B	0.59%	0.44%	0.44%
DFS	B	0.68%	0.18%	0.18%
DOW	F	0.16%	0.1%	0.1%
DUK	C	0.34%	0.21%	0.21%
EBAY	C	0.51%	0.1%	0.1%
ELV	F	0.67%	0.39%	0.39%
EXPE	B	0.66%	0.07%	0.07%
FCX	F	0.24%	0.15%	0.15%
FDX	B	0.48%	0.22%	0.22%
GILD	B	0.97%	0.28%	0.28%
GM	B	0.67%	0.32%	0.32%
HD	A	1.22%	0.99%	0.99%
HPE	B	0.81%	0.12%	0.12%
HST	C	0.17%	0.02%	0.02%
IBM	C	1.09%	0.95%	0.95%
INTC	C	0.77%	0.53%	0.53%
JNJ	D	1.31%	1.79%	1.31%
JPM	B	1.84%	3.38%	1.84%
KMB	C	0.41%	0.22%	0.22%
KR	A	0.43%	0.2%	0.2%
LVS	C	0.55%	0.04%	0.04%
MCD	D	0.84%	0.35%	0.35%
META	D	2.55%	5.19%	2.55%
MRK	F	1.01%	1.02%	1.01%
MSFT	D	6.37%	4.72%	4.72%
MU	D	0.85%	0.54%	0.54%
NEM	F	0.19%	0.19%	0.19%
NRG	C	0.26%	0.04%	0.04%
OC	B	0.42%	0.03%	0.03%
PG	A	1.08%	1.94%	1.08%
PSA	C	0.25%	0.09%	0.09%
QCOM	F	1.0%	0.6%	0.6%
RNR	C	0.54%	0.02%	0.02%
RPRX	D	0.61%	0.05%	0.05%
TGT	F	0.48%	0.29%	0.29%
TRV	B	0.68%	0.24%	0.24%
UNH	B	1.69%	0.91%	0.91%
UNP	C	0.61%	0.58%	0.58%
V	A	1.44%	2.11%	1.44%
VICI	C	0.2%	0.17%	0.17%
VLO	C	0.22%	0.11%	0.11%
VZ	B	0.61%	0.28%	0.28%
WMT	B	1.07%	1.82%	1.07%
XOM	C	1.14%	2.63%	1.14%

FVAL Overweight 59 Positions Relative to ESG

Symbol	Grade	Weight
NVDA	C	7.33%
GOOGL	C	3.72%
ABBV	D	1.11%
WFC	A	1.08%
ZM	B	0.98%
UAL	B	0.84%
AXP	A	0.83%
COF	B	0.72%
HON	B	0.68%
SYF	A	0.67%
DAL	B	0.64%
T	A	0.62%
CMCSA	C	0.61%
SWKS	F	0.56%
JXN	B	0.56%
LMT	D	0.56%
PRU	A	0.56%
UPS	C	0.55%
MO	A	0.55%
CNC	F	0.54%
LIN	D	0.53%
PCAR	B	0.53%
KVUE	A	0.52%
F	C	0.51%
OZK	B	0.51%
EG	C	0.5%
WYNN	D	0.5%
MMM	D	0.5%
G	B	0.49%
NEE	D	0.46%
RHI	C	0.44%
COP	D	0.4%
M	D	0.39%
AGCO	D	0.38%
ACI	C	0.34%
PLD	D	0.32%
EOG	C	0.31%
PCG	B	0.29%
PARA	C	0.28%
SPG	C	0.27%
EXC	D	0.26%
ATKR	C	0.26%
MPC	F	0.24%
O	D	0.23%
NFG	B	0.2%
NUE	D	0.19%
BXP	D	0.18%
DVN	F	0.18%
CF	B	0.18%
STLD	B	0.18%
UGI	A	0.18%
JLL	B	0.17%
WPC	D	0.16%
GLPI	B	0.16%
LYB	F	0.15%
CIVI	D	0.13%
MOS	F	0.13%
MUR	F	0.13%
CLF	F	0.11%

FVAL Underweight 194 Positions Relative to ESG

Symbol	Grade	Weight
TSLA	B	-2.83%
LLY	F	-2.2%
AVGO	D	-1.95%
KO	D	-1.2%
MA	B	-1.06%
COST	B	-1.01%
CSCO	A	-0.96%
GS	B	-0.92%
DIS	B	-0.81%
ADBE	C	-0.76%
AMD	F	-0.74%
ORCL	C	-0.74%
BLK	C	-0.72%
TJX	A	-0.67%
ABT	B	-0.66%
SPGI	C	-0.65%
TXN	D	-0.62%
SYK	C	-0.56%
LOW	C	-0.51%
AMAT	F	-0.5%
UBER	D	-0.49%
INTU	C	-0.48%
ICE	D	-0.44%
VRTX	D	-0.4%
USB	A	-0.39%
TT	B	-0.38%
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%
ADSK	B	-0.33%
ZTS	D	-0.32%
WELL	C	-0.32%
PANW	C	-0.32%
CL	D	-0.31%
SLB	C	-0.31%
PYPL	A	-0.29%
MAR	A	-0.28%
MMC	A	-0.27%
CMG	B	-0.27%
AON	A	-0.27%
CRWD	B	-0.26%
MS	B	-0.26%
MCK	C	-0.26%
CB	D	-0.26%
HLT	A	-0.25%
LRCX	F	-0.24%
AFL	B	-0.23%
FLUT	A	-0.23%
NXPI	D	-0.23%
BK	A	-0.23%
NKE	F	-0.22%
TFC	B	-0.21%
SNPS	B	-0.21%
BSX	C	-0.21%
ROST	C	-0.2%
MET	A	-0.2%
SBUX	B	-0.19%
LULU	C	-0.19%
GIS	D	-0.18%
CEG	D	-0.18%
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%
HIG	B	-0.14%
PEG	A	-0.14%
HUBS	B	-0.14%
SRE	A	-0.14%
MCO	A	-0.13%
EA	C	-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%
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%
BDX	F	-0.11%
DECK	A	-0.11%
CLX	C	-0.1%
XYL	D	-0.1%
OMC	C	-0.1%
FDS	B	-0.1%
BKR	C	-0.1%
HSY	F	-0.1%
FTV	B	-0.1%
WAB	B	-0.09%
BR	A	-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%
CCL	B	-0.08%
ALL	B	-0.08%
RSG	A	-0.07%
VTR	D	-0.07%
ZBRA	A	-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%
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%
ZBH	C	-0.04%
AES	F	-0.04%
SNAP	C	-0.04%
PPL	B	-0.04%
NDSN	B	-0.04%
CAG	D	-0.03%
LECO	C	-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%
SJM	D	-0.02%
DKS	C	-0.02%
LKQ	D	-0.02%
FFIV	A	-0.02%
TFX	F	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%
DG	F	-0.02%