HLAL vs. ESG ETF Comparison

Comparison of Wahed FTSE USA Shariah ETF (HLAL) to FlexShares STOXX US ESG Impact Index Fund (ESG)

HLAL

Wahed FTSE USA Shariah ETF

HLAL Description

The investment seeks to track the total return performance, before fees and expenses, of the FTSE USA Shariah Index. The index is composed of common stocks of large and mid-capitalization U.S. companies the characteristics of which meet the requirements of the Shariah and are consistent with Islamic principles as interpreted by subject-matter experts. Under normal circumstances, at least 80% of its total assets will be invested in the component securities of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.60

Average Daily Volume

60,755

Number of Holdings ^*

198

* 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	HLAL	ESG
30 Days	2.35%	3.59%
60 Days	1.62%	3.59%
90 Days	3.31%	6.22%
12 Months	20.13%	27.36%

102 Overlapping Holdings

Symbol	Grade	Weight in HLAL	Weight in ESG	Overlap
A	D	0.17%	0.06%	0.06%
AAPL	C	14.91%	4.84%	4.84%
ABT	B	0.9%	0.66%	0.66%
ADBE	C	0.98%	0.76%	0.76%
ADM	D	0.11%	0.08%	0.08%
ADP	B	0.55%	0.5%	0.5%
ADSK	A	0.3%	0.33%	0.3%
AKAM	D	0.06%	0.03%	0.03%
AMAT	F	0.63%	0.5%	0.5%
AMD	F	0.99%	0.74%	0.74%
APTV	D	0.06%	0.04%	0.04%
ARE	D	0.08%	0.05%	0.05%
BDX	F	0.29%	0.11%	0.11%
BG	F	0.06%	0.03%	0.03%
BKR	B	0.2%	0.1%	0.1%
BSX	B	0.6%	0.21%	0.21%
BURL	A	0.08%	0.05%	0.05%
CAH	B	0.13%	0.09%	0.09%
CDNS	B	0.37%	0.13%	0.13%
CEG	D	0.33%	0.18%	0.18%
CMI	A	0.22%	0.17%	0.17%
CRM	B	1.36%	0.53%	0.53%
CSCO	B	1.04%	0.96%	0.96%
CTAS	B	0.34%	0.37%	0.34%
CTVA	C	0.18%	0.06%	0.06%
CVX	A	1.24%	1.36%	1.24%
DD	D	0.15%	0.12%	0.12%
DLTR	F	0.06%	0.04%	0.04%
DOV	A	0.12%	0.05%	0.05%
DOW	F	0.12%	0.1%	0.1%
EA	A	0.2%	0.13%	0.13%
EBAY	D	0.14%	0.1%	0.1%
EL	F	0.07%	0.06%	0.06%
EMR	A	0.33%	0.12%	0.12%
EW	C	0.19%	0.13%	0.13%
EXPD	D	0.08%	0.03%	0.03%
FANG	D	0.15%	0.05%	0.05%
FDX	B	0.29%	0.22%	0.22%
FFIV	B	0.06%	0.02%	0.02%
FTV	C	0.12%	0.1%	0.1%
GEHC	F	0.17%	0.17%	0.17%
GLW	B	0.16%	0.06%	0.06%
GWW	B	0.22%	0.17%	0.17%
HOLX	D	0.08%	0.06%	0.06%
HPQ	B	0.16%	0.17%	0.16%
IDXX	F	0.15%	0.06%	0.06%
IEX	B	0.08%	0.04%	0.04%
INTC	D	0.46%	0.53%	0.46%
IPG	D	0.05%	0.06%	0.05%
IT	C	0.17%	0.17%	0.17%
JNJ	D	1.65%	1.79%	1.65%
KDP	D	0.15%	0.06%	0.06%
KLAC	D	0.37%	0.15%	0.15%
KO	D	1.1%	1.2%	1.1%
LKQ	D	0.04%	0.02%	0.02%
LRCX	F	0.41%	0.24%	0.24%
LULU	C	0.17%	0.19%	0.17%
MCK	B	0.36%	0.26%	0.26%
MDLZ	F	0.39%	0.36%	0.36%
MDT	D	0.49%	0.36%	0.36%
META	D	5.55%	5.19%	5.19%
MKC	D	0.09%	0.06%	0.06%
MRK	F	1.11%	1.02%	1.02%
MRO	B	0.07%	0.05%	0.05%
MSFT	F	13.84%	4.72%	4.72%
MU	D	0.49%	0.54%	0.49%
NEM	D	0.22%	0.19%	0.19%
NKE	D	0.4%	0.22%	0.22%
NOW	A	0.92%	0.36%	0.36%
NTAP	C	0.11%	0.08%	0.08%
NXPI	D	0.25%	0.23%	0.23%
OKTA	C	0.05%	0.02%	0.02%
OMC	C	0.09%	0.1%	0.09%
PANW	C	0.54%	0.32%	0.32%
PFE	D	0.63%	0.36%	0.36%
PG	A	1.81%	1.94%	1.81%
PNR	A	0.08%	0.07%	0.07%
QCOM	F	0.77%	0.6%	0.6%
ROK	B	0.14%	0.13%	0.13%
ROST	C	0.21%	0.2%	0.2%
SLB	C	0.28%	0.31%	0.28%
SMCI	F	0.06%	0.05%	0.05%
SNPS	B	0.37%	0.21%	0.21%
SWK	D	0.06%	0.04%	0.04%
SYK	C	0.63%	0.56%	0.56%
TFX	F	0.04%	0.02%	0.02%
TJX	A	0.61%	0.67%	0.61%
TSCO	D	0.13%	0.12%	0.12%
TSLA	B	4.25%	2.83%	2.83%
TT	A	0.42%	0.38%	0.38%
TXN	C	0.81%	0.62%	0.62%
UBER	D	0.62%	0.49%	0.49%
VLO	C	0.2%	0.11%	0.11%
WAB	B	0.15%	0.09%	0.09%
WDC	D	0.09%	0.11%	0.09%
WELL	A	0.37%	0.32%	0.32%
WST	C	0.1%	0.04%	0.04%
WY	D	0.1%	0.11%	0.1%
XOM	B	2.42%	2.63%	2.42%
XYL	D	0.13%	0.1%	0.1%
ZBH	C	0.1%	0.04%	0.04%
ZBRA	B	0.09%	0.07%	0.07%

HLAL Overweight 96 Positions Relative to ESG

Symbol	Grade	Weight
GOOGL	C	4.63%
GOOG	C	3.91%
LIN	D	0.97%
TMO	F	0.87%
ISRG	A	0.85%
DHR	F	0.67%
COP	C	0.6%
PLD	D	0.48%
ADI	D	0.47%
UPS	C	0.43%
GEV	B	0.41%
REGN	F	0.35%
MRVL	B	0.35%
APD	A	0.33%
MMM	D	0.32%
CARR	D	0.28%
ROP	B	0.26%
PSX	C	0.25%
JCI	C	0.25%
MPC	D	0.25%
PCAR	B	0.25%
PWR	A	0.22%
DHI	D	0.22%
VRT	B	0.22%
FAST	B	0.21%
AXON	A	0.2%
KVUE	A	0.2%
HES	B	0.19%
IR	B	0.19%
ODFL	B	0.19%
LEN	D	0.18%
COR	B	0.18%
RMD	C	0.16%
NUE	C	0.16%
MLM	B	0.16%
DELL	C	0.16%
VMC	B	0.16%
OXY	D	0.15%
GRMN	B	0.14%
TTWO	A	0.14%
PPG	F	0.13%
ON	D	0.13%
ANSS	B	0.13%
VLTO	D	0.12%
PHM	D	0.12%
CHD	B	0.12%
HAL	C	0.12%
HUBB	B	0.11%
DVN	F	0.11%
TYL	B	0.11%
STLD	B	0.1%
LYB	F	0.1%
PKG	A	0.1%
ATO	A	0.1%
PTC	A	0.1%
BIIB	F	0.1%
IFF	D	0.1%
FSLR	F	0.09%
LH	C	0.09%
STE	F	0.09%
ILMN	D	0.09%
BLDR	D	0.09%
ALGN	D	0.08%
GPC	D	0.08%
TRMB	B	0.08%
DGX	A	0.08%
SNA	A	0.08%
PODD	C	0.08%
JBHT	C	0.07%
FLEX	A	0.07%
TER	D	0.07%
ULTA	F	0.07%
CF	B	0.07%
IP	B	0.07%
ICLR	D	0.07%
ALB	C	0.06%
POOL	C	0.06%
REG	B	0.06%
RVTY	F	0.06%
ROL	B	0.06%
DAL	C	0.05%
TECH	D	0.05%
NWSA	B	0.05%
JNPR	F	0.05%
BMRN	D	0.05%
SCCO	F	0.04%
CRL	C	0.04%
WBA	F	0.03%
QRVO	F	0.03%
UAL	A	0.03%
NWS	B	0.02%
GFS	C	0.02%
WLK	D	0.02%
LUV	C	0.02%
AGR	B	0.01%
LEN	D	0.0%

HLAL Underweight 157 Positions Relative to ESG

Symbol	Grade	Weight
AMZN	C	-5.34%
JPM	A	-3.38%
BRK.A	B	-3.02%
LLY	F	-2.2%
V	A	-2.11%
AVGO	D	-1.95%
WMT	A	-1.82%
ACN	C	-1.12%
MA	C	-1.06%
BAC	A	-1.03%
COST	B	-1.01%
HD	A	-0.99%
IBM	C	-0.95%
GS	A	-0.92%
UNH	C	-0.91%
DIS	B	-0.81%
ORCL	B	-0.74%
BLK	C	-0.72%
SPGI	C	-0.65%
C	A	-0.64%
UNP	C	-0.58%
BKNG	A	-0.55%
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%
BMY	B	-0.39%
AMT	D	-0.37%
APO	B	-0.35%
MCD	D	-0.35%
ZTS	D	-0.32%
GM	B	-0.32%
CL	D	-0.31%
CAT	B	-0.31%
CI	F	-0.3%
PYPL	B	-0.29%
TGT	F	-0.29%
VZ	C	-0.28%
GILD	C	-0.28%
CVS	D	-0.28%
MAR	B	-0.28%
MMC	B	-0.27%
CMG	B	-0.27%
AON	A	-0.27%
CRWD	B	-0.26%
MS	A	-0.26%
CB	C	-0.26%
HLT	A	-0.25%
TRV	B	-0.24%
AFL	B	-0.23%
FLUT	A	-0.23%
BK	A	-0.23%
KMB	D	-0.22%
TFC	A	-0.21%
DUK	C	-0.21%
KR	B	-0.2%
MET	A	-0.2%
CBRE	B	-0.2%
AEP	D	-0.2%
SBUX	A	-0.19%
GIS	D	-0.18%
DFS	B	-0.18%
VICI	C	-0.17%
ECL	D	-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%
AWK	D	-0.13%
EIX	B	-0.13%
IRM	D	-0.13%
VRSK	A	-0.13%
ITW	B	-0.13%
NDAQ	A	-0.13%
WM	A	-0.13%
HPE	B	-0.12%
IQV	D	-0.12%
YUM	B	-0.12%
MSCI	C	-0.12%
DECK	A	-0.11%
CLX	B	-0.1%
FDS	B	-0.1%
CTSH	B	-0.1%
HSY	F	-0.1%
BR	A	-0.09%
PSA	D	-0.09%
BBY	D	-0.09%
LII	A	-0.09%
AZO	C	-0.09%
KHC	F	-0.09%
K	A	-0.09%
DOC	D	-0.08%
ETR	B	-0.08%
D	C	-0.08%
LNG	B	-0.08%
FITB	A	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
PFG	D	-0.08%
WSM	B	-0.08%
AIG	B	-0.08%
CCL	B	-0.08%
ALL	A	-0.08%
RSG	A	-0.07%
VTR	C	-0.07%
EXPE	B	-0.07%
STZ	D	-0.07%
GEN	B	-0.07%
XPO	B	-0.07%
BALL	D	-0.07%
STT	A	-0.07%
NVT	B	-0.06%
ESS	B	-0.06%
RF	A	-0.06%
ACM	A	-0.06%
HBAN	A	-0.06%
XEL	A	-0.06%
KEY	B	-0.05%
CMS	C	-0.05%
DOX	D	-0.05%
SUI	D	-0.05%
RPRX	D	-0.05%
LNT	A	-0.05%
ED	D	-0.05%
MRNA	F	-0.04%
DPZ	C	-0.04%
BAX	D	-0.04%
NI	A	-0.04%
LVS	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%
STX	D	-0.03%
TSN	B	-0.03%
MAS	D	-0.03%
JBL	B	-0.03%
HST	C	-0.02%
SJM	D	-0.02%
DKS	C	-0.02%
RNR	C	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%
DG	F	-0.02%