ESG vs. ROE ETF Comparison

Comparison of FlexShares STOXX US ESG Impact Index Fund (ESG) to Astoria US Quality Kings ETF (ROE)

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

ROE

Astoria US Quality Kings ETF

ROE Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in common stock principally traded in the U.S. The fund seeks to invest in companies that exhibit robust quality characteristics across sectors, with attractive valuations and dividend paying potential, as determined by the fund"s sub-adviser.

Grade (RS Rating)

Last Trade

$31.78

Average Daily Volume

13,670

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ESG	ROE
30 Days	3.59%	3.50%
60 Days	3.59%	4.18%
90 Days	6.22%	4.70%
12 Months	27.36%	32.06%

55 Overlapping Holdings

Symbol	Grade	Weight in ESG	Weight in ROE	Overlap
A	D	0.06%	0.86%	0.06%
AAPL	C	4.84%	0.98%	0.98%
ACN	C	1.12%	1.02%	1.02%
ADBE	C	0.76%	0.93%	0.76%
AFL	B	0.23%	1.01%	0.23%
ALL	A	0.08%	1.03%	0.08%
AMAT	F	0.5%	0.85%	0.5%
APO	B	0.35%	1.28%	0.35%
CAH	B	0.09%	1.06%	0.09%
CAT	B	0.31%	0.98%	0.31%
CB	C	0.26%	0.97%	0.26%
CL	D	0.31%	0.9%	0.31%
CSCO	B	0.96%	1.07%	0.96%
CTSH	B	0.1%	0.99%	0.1%
DOV	A	0.05%	1.02%	0.05%
DPZ	C	0.04%	1.02%	0.04%
EBAY	D	0.1%	0.92%	0.1%
ETR	B	0.08%	1.13%	0.08%
GEHC	F	0.17%	0.88%	0.17%
GEN	B	0.07%	1.06%	0.07%
GWW	B	0.17%	1.11%	0.17%
HD	A	0.99%	1.02%	0.99%
HIG	B	0.14%	0.99%	0.14%
IBM	C	0.95%	0.93%	0.93%
ITW	B	0.13%	1.02%	0.13%
JBL	B	0.03%	1.01%	0.03%
JNJ	D	1.79%	0.94%	0.94%
KLAC	D	0.15%	0.79%	0.15%
KMB	D	0.22%	0.95%	0.22%
LLY	F	2.2%	0.78%	0.78%
LOW	D	0.51%	1.01%	0.51%
LRCX	F	0.24%	0.83%	0.24%
MCK	B	0.26%	1.25%	0.26%
META	D	5.19%	0.97%	0.97%
MRK	F	1.02%	0.82%	0.82%
MSFT	F	4.72%	0.95%	0.95%
NRG	B	0.04%	1.03%	0.04%
NTAP	C	0.08%	0.96%	0.08%
NXPI	D	0.23%	0.92%	0.23%
OMC	C	0.1%	0.94%	0.1%
ORCL	B	0.74%	1.1%	0.74%
PANW	C	0.32%	1.1%	0.32%
QCOM	F	0.6%	0.96%	0.6%
ROST	C	0.2%	0.91%	0.2%
TGT	F	0.29%	0.98%	0.29%
TJX	A	0.67%	1.0%	0.67%
TRV	B	0.24%	1.08%	0.24%
TXN	C	0.62%	0.99%	0.62%
V	A	2.11%	1.11%	1.11%
VICI	C	0.17%	0.94%	0.17%
VLO	C	0.11%	1.0%	0.11%
VZ	C	0.28%	0.93%	0.28%
WSM	B	0.08%	0.86%	0.08%
YUM	B	0.12%	0.98%	0.12%
ZTS	D	0.32%	0.89%	0.32%

ESG Overweight 204 Positions Relative to ROE

Symbol	Grade	Weight
AMZN	C	5.34%
JPM	A	3.38%
BRK.A	B	3.02%
TSLA	B	2.83%
XOM	B	2.63%
AVGO	D	1.95%
PG	A	1.94%
WMT	A	1.82%
CVX	A	1.36%
KO	D	1.2%
MA	C	1.06%
BAC	A	1.03%
COST	B	1.01%
GS	A	0.92%
UNH	C	0.91%
DIS	B	0.81%
AMD	F	0.74%
BLK	C	0.72%
ABT	B	0.66%
SPGI	C	0.65%
C	A	0.64%
UNP	C	0.58%
SYK	C	0.56%
BKNG	A	0.55%
MU	D	0.54%
CRM	B	0.53%
INTC	D	0.53%
ADP	B	0.5%
UBER	D	0.49%
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%
TT	A	0.38%
CTAS	B	0.37%
AMT	D	0.37%
NOW	A	0.36%
MDLZ	F	0.36%
PFE	D	0.36%
MDT	D	0.36%
MCD	D	0.35%
ADSK	A	0.33%
WELL	A	0.32%
GM	B	0.32%
SLB	C	0.31%
CI	F	0.3%
PYPL	B	0.29%
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%
HLT	A	0.25%
FLUT	A	0.23%
BK	A	0.23%
FDX	B	0.22%
NKE	D	0.22%
TFC	A	0.21%
SNPS	B	0.21%
BSX	B	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%
LULU	C	0.19%
NEM	D	0.19%
GIS	D	0.18%
CEG	D	0.18%
DFS	B	0.18%
CMI	A	0.17%
IT	C	0.17%
ECL	D	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%
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%
NDAQ	A	0.13%
WM	A	0.13%
HPE	B	0.12%
IQV	D	0.12%
DD	D	0.12%
EMR	A	0.12%
TSCO	D	0.12%
MSCI	C	0.12%
WY	D	0.11%
WDC	D	0.11%
BDX	F	0.11%
DECK	A	0.11%
CLX	B	0.1%
XYL	D	0.1%
FDS	B	0.1%
DOW	F	0.1%
BKR	B	0.1%
HSY	F	0.1%
FTV	C	0.1%
WAB	B	0.09%
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%
D	C	0.08%
LNG	B	0.08%
FITB	A	0.08%
NU	C	0.08%
CCEP	C	0.08%
PFG	D	0.08%
AIG	B	0.08%
ADM	D	0.08%
CCL	B	0.08%
RSG	A	0.07%
VTR	C	0.07%
ZBRA	B	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%
IDXX	F	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%
XEL	A	0.06%
KEY	B	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%
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%
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%
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%

ESG Underweight 44 Positions Relative to ROE

Symbol	Grade	Weight
APP	B	-2.26%
VST	B	-1.27%
SYF	B	-1.27%
LYV	A	-1.21%
AMP	A	-1.2%
CHTR	C	-1.17%
NFLX	A	-1.16%
TMUS	B	-1.15%
EME	C	-1.14%
NVDA	C	-1.14%
MSI	B	-1.08%
MO	A	-1.08%
RPM	A	-1.08%
PM	B	-1.07%
TROW	B	-1.07%
SPG	B	-1.05%
WRB	A	-1.05%
EOG	A	-1.05%
GOOGL	C	-1.05%
COR	B	-1.05%
APH	A	-1.04%
URI	B	-1.03%
CMCSA	B	-1.02%
PGR	A	-0.99%
CSL	C	-0.98%
SYY	B	-0.98%
RMD	C	-0.95%
EG	C	-0.95%
ANET	C	-0.94%
ON	D	-0.93%
DVN	F	-0.92%
SBAC	D	-0.91%
THC	D	-0.91%
LMT	D	-0.9%
PHM	D	-0.88%
ABBV	D	-0.84%
MCHP	D	-0.83%
SWKS	F	-0.83%
DHI	D	-0.82%
CDW	F	-0.78%
TER	D	-0.78%
FSLR	F	-0.77%
MPWR	F	-0.64%
CE	F	-0.54%