ESG vs. CDEI ETF Comparison

Comparison of FlexShares STOXX US ESG Impact Index Fund (ESG) to Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI)

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

CDEI

Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF

CDEI Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. The index is composed of common stocks of large companies that operate their businesses in a manner consistent with the Calvert Principles for Responsible Investment. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.40

Average Daily Volume

644

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	ESG	CDEI
30 Days	3.59%	1.83%
60 Days	3.59%	4.03%
90 Days	6.22%	4.65%
12 Months	27.36%	24.85%

158 Overlapping Holdings

Symbol	Grade	Weight in ESG	Weight in CDEI	Overlap
A	D	0.06%	0.11%	0.06%
AAPL	C	4.84%	10.52%	4.84%
ABT	B	0.66%	0.6%	0.6%
ACM	A	0.06%	0.04%	0.04%
ACN	C	1.12%	0.69%	0.69%
ADBE	C	0.76%	0.71%	0.71%
ADP	B	0.5%	0.37%	0.37%
ADSK	A	0.33%	0.2%	0.2%
AES	F	0.04%	0.03%	0.03%
AIG	B	0.08%	0.15%	0.08%
AKAM	D	0.03%	0.04%	0.03%
ALL	A	0.08%	0.16%	0.08%
AMD	F	0.74%	0.68%	0.68%
AMT	D	0.37%	0.28%	0.28%
AON	A	0.27%	0.24%	0.24%
APTV	D	0.04%	0.04%	0.04%
AVGO	D	1.95%	2.36%	1.95%
AVTR	F	0.02%	0.04%	0.02%
AWK	D	0.13%	0.08%	0.08%
BAC	A	1.03%	0.94%	0.94%
BAX	D	0.04%	0.05%	0.04%
BBY	D	0.09%	0.06%	0.06%
BDX	F	0.11%	0.2%	0.11%
BK	A	0.23%	0.17%	0.17%
BKNG	A	0.55%	0.51%	0.51%
BKR	B	0.1%	0.13%	0.1%
BMY	B	0.39%	0.36%	0.36%
BR	A	0.09%	0.08%	0.08%
BSX	B	0.21%	0.39%	0.21%
BURL	A	0.05%	0.05%	0.05%
C	A	0.64%	0.39%	0.39%
CAG	D	0.03%	0.04%	0.03%
CI	F	0.3%	0.27%	0.27%
CL	D	0.31%	0.23%	0.23%
CLX	B	0.1%	0.06%	0.06%
CMI	A	0.17%	0.15%	0.15%
CMS	C	0.05%	0.06%	0.05%
CRM	B	0.53%	0.94%	0.53%
CRWD	B	0.26%	0.24%	0.24%
CSCO	B	0.96%	0.7%	0.7%
CVS	D	0.28%	0.21%	0.21%
DE	A	0.44%	0.3%	0.3%
DECK	A	0.11%	0.08%	0.08%
DFS	B	0.18%	0.13%	0.13%
DG	F	0.02%	0.05%	0.02%
DIS	B	0.81%	0.6%	0.6%
DKS	C	0.02%	0.03%	0.02%
DLTR	F	0.04%	0.04%	0.04%
DOC	D	0.08%	0.04%	0.04%
EA	A	0.13%	0.12%	0.12%
EBAY	D	0.1%	0.09%	0.09%
ECL	D	0.17%	0.19%	0.17%
EL	F	0.06%	0.05%	0.05%
ELV	F	0.39%	0.29%	0.29%
EMR	A	0.12%	0.22%	0.12%
EW	C	0.13%	0.12%	0.12%
EXPD	D	0.03%	0.05%	0.03%
FDX	B	0.22%	0.2%	0.2%
FITB	A	0.08%	0.1%	0.08%
FTV	C	0.1%	0.08%	0.08%
GEN	B	0.07%	0.05%	0.05%
GILD	C	0.28%	0.35%	0.28%
GIS	D	0.18%	0.11%	0.11%
HBAN	A	0.06%	0.08%	0.06%
HD	A	0.99%	1.22%	0.99%
HIG	B	0.14%	0.1%	0.1%
HLT	A	0.25%	0.18%	0.18%
HOLX	D	0.06%	0.05%	0.05%
HPE	B	0.12%	0.08%	0.08%
HPQ	B	0.17%	0.11%	0.11%
HST	C	0.02%	0.04%	0.02%
HSY	F	0.1%	0.08%	0.08%
HUBS	A	0.14%	0.11%	0.11%
IBM	C	0.95%	0.58%	0.58%
ICE	C	0.44%	0.27%	0.27%
IDXX	F	0.06%	0.1%	0.06%
IEX	B	0.04%	0.05%	0.04%
INTC	D	0.53%	0.32%	0.32%
INTU	C	0.48%	0.58%	0.48%
IPG	D	0.06%	0.03%	0.03%
IQV	D	0.12%	0.11%	0.11%
IT	C	0.17%	0.12%	0.12%
JPM	A	3.38%	2.08%	2.08%
K	A	0.09%	0.06%	0.06%
KDP	D	0.06%	0.11%	0.06%
KEY	B	0.05%	0.05%	0.05%
KMB	D	0.22%	0.13%	0.13%
KO	D	1.2%	0.74%	0.74%
KR	B	0.2%	0.13%	0.13%
LECO	B	0.03%	0.03%	0.03%
LLY	F	2.2%	2.03%	2.03%
LNT	A	0.05%	0.05%	0.05%
LOW	D	0.51%	0.47%	0.47%
LRCX	F	0.24%	0.29%	0.24%
MA	C	1.06%	1.3%	1.06%
MAR	B	0.28%	0.2%	0.2%
MAS	D	0.03%	0.05%	0.03%
MCO	B	0.13%	0.23%	0.13%
MDLZ	F	0.36%	0.26%	0.26%
MDT	D	0.36%	0.33%	0.33%
MET	A	0.2%	0.15%	0.15%
MMC	B	0.27%	0.33%	0.27%
MRK	F	1.02%	0.76%	0.76%
MRNA	F	0.04%	0.04%	0.04%
MSFT	F	4.72%	9.49%	4.72%
MU	D	0.54%	0.33%	0.33%
NDAQ	A	0.13%	0.1%	0.1%
NOW	A	0.36%	0.65%	0.36%
NRG	B	0.04%	0.06%	0.04%
NTAP	C	0.08%	0.07%	0.07%
NVT	B	0.06%	0.04%	0.04%
OC	A	0.03%	0.05%	0.03%
OMC	C	0.1%	0.06%	0.06%
OTIS	C	0.16%	0.12%	0.12%
PANW	C	0.32%	0.38%	0.32%
PEG	A	0.14%	0.13%	0.13%
PFE	D	0.36%	0.45%	0.36%
PFG	D	0.08%	0.06%	0.06%
PYPL	B	0.29%	0.27%	0.27%
QCOM	F	0.6%	0.55%	0.55%
RF	A	0.06%	0.07%	0.06%
RNR	C	0.02%	0.04%	0.02%
ROK	B	0.13%	0.1%	0.1%
RPRX	D	0.05%	0.03%	0.03%
RSG	A	0.07%	0.13%	0.07%
SBUX	A	0.19%	0.33%	0.19%
SJM	D	0.02%	0.03%	0.02%
SPGI	C	0.65%	0.48%	0.48%
SRE	A	0.14%	0.17%	0.14%
STX	D	0.03%	0.06%	0.03%
SWK	D	0.04%	0.04%	0.04%
SYK	C	0.56%	0.42%	0.42%
TFC	A	0.21%	0.19%	0.19%
TGT	F	0.29%	0.21%	0.21%
TJX	A	0.67%	0.41%	0.41%
TRV	B	0.24%	0.18%	0.18%
TSCO	D	0.12%	0.09%	0.09%
TT	A	0.38%	0.28%	0.28%
UNH	C	0.91%	1.66%	0.91%
UNP	C	0.58%	0.43%	0.43%
USB	A	0.39%	0.24%	0.24%
V	A	2.11%	1.56%	1.56%
VRTX	F	0.4%	0.38%	0.38%
VTR	C	0.07%	0.08%	0.07%
VZ	C	0.28%	0.52%	0.28%
WAB	B	0.09%	0.1%	0.09%
WDC	D	0.11%	0.06%	0.06%
WELL	A	0.32%	0.25%	0.25%
WM	A	0.13%	0.27%	0.13%
WMT	A	1.82%	1.11%	1.11%
WST	C	0.04%	0.07%	0.04%
WY	D	0.11%	0.07%	0.07%
XEL	A	0.06%	0.12%	0.06%
XPO	B	0.07%	0.05%	0.05%
XYL	D	0.1%	0.09%	0.09%
YUM	B	0.12%	0.12%	0.12%
ZBRA	B	0.07%	0.06%	0.06%
ZTS	D	0.32%	0.24%	0.24%

ESG Overweight 101 Positions Relative to CDEI

Symbol	Grade	Weight
AMZN	C	5.34%
META	D	5.19%
BRK.A	B	3.02%
TSLA	B	2.83%
XOM	B	2.63%
PG	A	1.94%
JNJ	D	1.79%
CVX	A	1.36%
COST	B	1.01%
GS	A	0.92%
ORCL	B	0.74%
BLK	C	0.72%
TXN	C	0.62%
AMAT	F	0.5%
UBER	D	0.49%
CTAS	B	0.37%
APO	B	0.35%
MCD	D	0.35%
GM	B	0.32%
SLB	C	0.31%
CAT	B	0.31%
CMG	B	0.27%
MS	A	0.26%
MCK	B	0.26%
CB	C	0.26%
AFL	B	0.23%
FLUT	A	0.23%
NXPI	D	0.23%
NKE	D	0.22%
SNPS	B	0.21%
DUK	C	0.21%
ROST	C	0.2%
CBRE	B	0.2%
AEP	D	0.2%
LULU	C	0.19%
NEM	D	0.19%
CEG	D	0.18%
VICI	C	0.17%
GWW	B	0.17%
GEHC	F	0.17%
AJG	B	0.16%
SHW	A	0.15%
KLAC	D	0.15%
WTW	B	0.15%
FCX	D	0.15%
EIX	B	0.13%
IRM	D	0.13%
CDNS	B	0.13%
VRSK	A	0.13%
ITW	B	0.13%
DD	D	0.12%
MSCI	C	0.12%
VLO	C	0.11%
FDS	B	0.1%
DOW	F	0.1%
CTSH	B	0.1%
PSA	D	0.09%
LII	A	0.09%
AZO	C	0.09%
KHC	F	0.09%
CAH	B	0.09%
ETR	B	0.08%
D	C	0.08%
LNG	B	0.08%
NU	C	0.08%
CCEP	C	0.08%
WSM	B	0.08%
ADM	D	0.08%
CCL	B	0.08%
EXPE	B	0.07%
STZ	D	0.07%
BALL	D	0.07%
PNR	A	0.07%
STT	A	0.07%
MKC	D	0.06%
GLW	B	0.06%
ESS	B	0.06%
CTVA	C	0.06%
DOV	A	0.05%
SMCI	F	0.05%
FANG	D	0.05%
DOX	D	0.05%
MRO	B	0.05%
SUI	D	0.05%
ARE	D	0.05%
ED	D	0.05%
DPZ	C	0.04%
NI	A	0.04%
LVS	C	0.04%
ZBH	C	0.04%
SNAP	C	0.04%
PPL	B	0.04%
NDSN	B	0.04%
BG	F	0.03%
TSN	B	0.03%
JBL	B	0.03%
OKTA	C	0.02%
LKQ	D	0.02%
FFIV	B	0.02%
TFX	F	0.02%
PSTG	D	0.02%

ESG Underweight 212 Positions Relative to CDEI

Symbol	Grade	Weight
NVDA	C	-10.49%
GOOGL	C	-5.91%
NFLX	A	-1.08%
ABBV	D	-0.91%
PEP	F	-0.69%
TMO	F	-0.62%
CMCSA	B	-0.51%
AXP	A	-0.5%
DHR	F	-0.48%
AMGN	D	-0.48%
T	A	-0.48%
NEE	D	-0.47%
ETN	A	-0.44%
FI	A	-0.37%
SCHW	B	-0.36%
TMUS	B	-0.35%
ADI	D	-0.32%
ANET	C	-0.3%
PH	A	-0.27%
EQIX	A	-0.26%
APH	A	-0.26%
MSI	B	-0.25%
REGN	F	-0.25%
CME	A	-0.24%
COF	B	-0.21%
CARR	D	-0.19%
DLR	B	-0.18%
AMP	A	-0.17%
FICO	B	-0.17%
TTD	B	-0.17%
JCI	C	-0.17%
SPG	B	-0.17%
FIS	C	-0.15%
O	D	-0.15%
CPRT	A	-0.15%
CCI	D	-0.14%
PRU	A	-0.14%
FAST	B	-0.14%
PWR	A	-0.14%
IR	B	-0.13%
DAL	C	-0.13%
DELL	C	-0.12%
EXC	C	-0.12%
TEAM	A	-0.12%
ACGL	D	-0.11%
SYY	B	-0.11%
EFX	F	-0.1%
ALNY	D	-0.1%
VEEV	C	-0.1%
ON	D	-0.09%
RJF	A	-0.09%
ANSS	B	-0.09%
CSGP	D	-0.09%
CNC	D	-0.09%
SYF	B	-0.08%
TYL	B	-0.08%
STE	F	-0.07%
ES	D	-0.07%
EME	C	-0.07%
WAT	B	-0.07%
LPLA	A	-0.07%
BIIB	F	-0.07%
DTE	C	-0.07%
PODD	C	-0.06%
BAH	F	-0.06%
FSLR	F	-0.06%
IFF	D	-0.06%
CFG	B	-0.06%
CBOE	B	-0.06%
NTRS	A	-0.06%
RGA	A	-0.05%
Z	A	-0.05%
EQH	B	-0.05%
ALGN	D	-0.05%
VRSN	F	-0.05%
USFD	A	-0.05%
NTNX	A	-0.05%
DOCU	A	-0.05%
KIM	A	-0.05%
TWLO	A	-0.05%
TER	D	-0.05%
TRMB	B	-0.05%
PINS	D	-0.05%
WSO	A	-0.05%
DAY	B	-0.04%
SCI	B	-0.04%
JEF	A	-0.04%
ALLE	D	-0.04%
ITT	A	-0.04%
JLL	D	-0.04%
JKHY	D	-0.04%
JNPR	F	-0.04%
ELS	C	-0.04%
CLH	B	-0.04%
PFGC	B	-0.04%
UNM	A	-0.04%
TXRH	C	-0.04%
POOL	C	-0.04%
EPAM	C	-0.04%
DT	C	-0.04%
EWBC	A	-0.04%
SOFI	A	-0.04%
AMCR	D	-0.04%
CASY	A	-0.04%
TW	A	-0.04%
HSIC	B	-0.03%
CFR	B	-0.03%
TTC	D	-0.03%
MOS	F	-0.03%
MEDP	D	-0.03%
GPK	C	-0.03%
BILL	A	-0.03%
WTFC	A	-0.03%
BRX	A	-0.03%
ZION	B	-0.03%
SNX	C	-0.03%
PEN	B	-0.03%
AAON	B	-0.03%
PCTY	B	-0.03%
ORI	A	-0.03%
MORN	B	-0.03%
REXR	F	-0.03%
CMA	A	-0.03%
TPX	B	-0.03%
FBIN	D	-0.03%
GL	B	-0.03%
PRI	A	-0.03%
CIEN	B	-0.03%
MKTX	D	-0.03%
OHI	C	-0.03%
AFG	A	-0.03%
AIT	A	-0.03%
CUBE	D	-0.03%
CCK	C	-0.03%
TTEK	F	-0.03%
BLD	D	-0.03%
PAYC	B	-0.03%
RDN	C	-0.02%
INSP	D	-0.02%
GATX	A	-0.02%
ITRI	B	-0.02%
BC	C	-0.02%
APPF	B	-0.02%
CRUS	D	-0.02%
LEA	D	-0.02%
THO	B	-0.02%
BCPC	B	-0.02%
ETSY	D	-0.02%
PVH	C	-0.02%
CROX	D	-0.02%
SUM	B	-0.02%
LNC	B	-0.02%
JHG	A	-0.02%
BPMC	C	-0.02%
WHR	B	-0.02%
COOP	B	-0.02%
IDA	A	-0.02%
LYFT	C	-0.02%
MTG	C	-0.02%
SAIC	F	-0.02%
FAF	A	-0.02%
MTH	D	-0.02%
MAT	D	-0.02%
AWI	A	-0.02%
DBX	B	-0.02%
MTN	C	-0.02%
BMI	B	-0.02%
RHP	B	-0.02%
AZEK	A	-0.02%
ALK	C	-0.02%
HALO	F	-0.02%
BBWI	D	-0.02%
FMC	D	-0.02%
H	B	-0.02%
CADE	B	-0.02%
ATI	D	-0.02%
ELAN	D	-0.02%
ONB	B	-0.02%
FCN	D	-0.02%
PARA	C	-0.02%
EXLS	B	-0.02%
MIDD	C	-0.02%
GTLS	B	-0.02%
BIO	D	-0.02%
CVLT	B	-0.02%
G	B	-0.02%
VFC	C	-0.02%
RHI	B	-0.02%
TREX	C	-0.02%
MKSI	C	-0.02%
NNN	D	-0.02%
BWA	D	-0.02%
SNV	B	-0.02%
SKX	D	-0.02%
HQY	B	-0.02%
AGR	B	-0.01%
COLM	B	-0.01%
CWEN	C	-0.01%
TNET	D	-0.01%
ASH	D	-0.01%
OGN	D	-0.01%
CHH	A	-0.01%
FELE	B	-0.01%
FLO	D	-0.01%
M	D	-0.01%
SLGN	A	-0.01%
CELH	F	-0.01%
SWX	B	-0.01%
POR	C	-0.01%
MMS	F	-0.01%
TENB	C	-0.01%
SON	D	-0.01%