ESG vs. RWL ETF Comparison

Comparison of FlexShares STOXX US ESG Impact Index Fund (ESG) to RevenueShares Large Cap ETF (RWL)

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

RWL

RevenueShares Large Cap ETF

RWL Description

The investment seeks to outperform the total return performance of the S&P 500 Index, the fund's benchmark index. The fund seeks to achieve its investment objective by attempting to replicate the portfolio of the RevenueShares Large Cap IndexTM (the "underlying index"). The underlying index is constructed by re-weighting the constituent securities of the benchmark index according to the revenue earned by the companies in the benchmark index, subject to certain asset diversification requirements. The fund will invest at least 80% of its net assets in the securities of large capitalization companies included in the benchmark index.

Grade (RS Rating)

Last Trade

$103.10

Average Daily Volume

135,430

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	ESG	RWL
30 Days	3.59%	4.90%
60 Days	3.59%	5.46%
90 Days	6.22%	7.07%
12 Months	27.36%	29.24%

236 Overlapping Holdings

Symbol	Grade	Weight in ESG	Weight in RWL	Overlap
A	D	0.06%	0.03%	0.03%
AAPL	C	4.84%	2.18%	2.18%
ABT	B	0.66%	0.22%	0.22%
ACN	C	1.12%	0.37%	0.37%
ADBE	C	0.76%	0.11%	0.11%
ADM	D	0.08%	0.42%	0.08%
ADP	B	0.5%	0.11%	0.11%
ADSK	A	0.33%	0.04%	0.04%
AEP	D	0.2%	0.1%	0.1%
AES	F	0.04%	0.05%	0.04%
AFL	B	0.23%	0.11%	0.11%
AIG	B	0.08%	0.24%	0.08%
AJG	B	0.16%	0.06%	0.06%
AKAM	D	0.03%	0.02%	0.02%
ALL	A	0.08%	0.34%	0.08%
AMAT	F	0.5%	0.15%	0.15%
AMD	F	0.74%	0.12%	0.12%
AMT	D	0.37%	0.05%	0.05%
AMZN	C	5.34%	3.77%	3.77%
AON	A	0.27%	0.08%	0.08%
APTV	D	0.04%	0.09%	0.04%
ARE	D	0.05%	0.01%	0.01%
AVGO	D	1.95%	0.26%	0.26%
AWK	D	0.13%	0.02%	0.02%
AZO	C	0.09%	0.1%	0.09%
BAC	A	1.03%	1.24%	1.03%
BALL	D	0.07%	0.07%	0.07%
BAX	D	0.04%	0.07%	0.04%
BBY	D	0.09%	0.22%	0.09%
BDX	F	0.11%	0.11%	0.11%
BG	F	0.03%	0.28%	0.03%
BK	A	0.23%	0.23%	0.23%
BKNG	A	0.55%	0.16%	0.16%
BKR	B	0.1%	0.19%	0.1%
BLK	C	0.72%	0.13%	0.13%
BMY	B	0.39%	0.3%	0.3%
BR	A	0.09%	0.04%	0.04%
BRK.A	B	3.02%	2.13%	2.13%
BSX	B	0.21%	0.09%	0.09%
C	A	0.64%	1.1%	0.64%
CAG	D	0.03%	0.06%	0.03%
CAH	B	0.09%	1.34%	0.09%
CAT	B	0.31%	0.41%	0.31%
CB	C	0.26%	0.29%	0.26%
CBRE	B	0.2%	0.2%	0.2%
CCL	B	0.08%	0.18%	0.08%
CDNS	B	0.13%	0.03%	0.03%
CEG	D	0.18%	0.14%	0.14%
CI	F	0.3%	1.06%	0.3%
CL	D	0.31%	0.09%	0.09%
CLX	B	0.1%	0.04%	0.04%
CMG	B	0.27%	0.06%	0.06%
CMI	A	0.17%	0.23%	0.17%
CMS	C	0.05%	0.04%	0.04%
COST	B	1.01%	1.41%	1.01%
CRM	B	0.53%	0.26%	0.26%
CRWD	B	0.26%	0.03%	0.03%
CSCO	B	0.96%	0.34%	0.34%
CTAS	B	0.37%	0.05%	0.05%
CTSH	B	0.1%	0.11%	0.1%
CTVA	C	0.06%	0.09%	0.06%
CVS	D	0.28%	1.9%	0.28%
CVX	A	1.36%	1.25%	1.25%
D	C	0.08%	0.07%	0.07%
DD	D	0.12%	0.07%	0.07%
DE	A	0.44%	0.31%	0.31%
DECK	A	0.11%	0.03%	0.03%
DFS	B	0.18%	0.16%	0.16%
DG	F	0.02%	0.2%	0.02%
DIS	B	0.81%	0.59%	0.59%
DLTR	F	0.04%	0.16%	0.04%
DOC	D	0.08%	0.01%	0.01%
DOV	A	0.05%	0.05%	0.05%
DOW	F	0.1%	0.21%	0.1%
DPZ	C	0.04%	0.03%	0.03%
DUK	C	0.21%	0.16%	0.16%
EA	A	0.13%	0.04%	0.04%
EBAY	D	0.1%	0.05%	0.05%
ECL	D	0.17%	0.08%	0.08%
ED	D	0.05%	0.07%	0.05%
EIX	B	0.13%	0.09%	0.09%
EL	F	0.06%	0.07%	0.06%
ELV	F	0.39%	0.7%	0.39%
EMR	A	0.12%	0.12%	0.12%
ESS	B	0.06%	0.01%	0.01%
ETR	B	0.08%	0.08%	0.08%
EW	C	0.13%	0.03%	0.03%
EXPD	D	0.03%	0.05%	0.03%
EXPE	B	0.07%	0.1%	0.07%
FANG	D	0.05%	0.05%	0.05%
FCX	D	0.15%	0.14%	0.14%
FDS	B	0.1%	0.01%	0.01%
FDX	B	0.22%	0.49%	0.22%
FFIV	B	0.02%	0.02%	0.02%
FITB	A	0.08%	0.08%	0.08%
FTV	C	0.1%	0.03%	0.03%
GEHC	F	0.17%	0.1%	0.1%
GEN	B	0.07%	0.02%	0.02%
GILD	C	0.28%	0.17%	0.17%
GIS	D	0.18%	0.1%	0.1%
GLW	B	0.06%	0.08%	0.06%
GM	B	0.32%	1.22%	0.32%
GS	A	0.92%	0.82%	0.82%
GWW	B	0.17%	0.11%	0.11%
HBAN	A	0.06%	0.08%	0.06%
HD	A	0.99%	0.89%	0.89%
HIG	B	0.14%	0.14%	0.14%
HLT	A	0.25%	0.07%	0.07%
HOLX	D	0.06%	0.02%	0.02%
HPE	B	0.12%	0.2%	0.12%
HPQ	B	0.17%	0.32%	0.17%
HST	C	0.02%	0.03%	0.02%
HSY	F	0.1%	0.05%	0.05%
IBM	C	0.95%	0.33%	0.33%
ICE	C	0.44%	0.06%	0.06%
IDXX	F	0.06%	0.02%	0.02%
IEX	B	0.04%	0.02%	0.02%
INTC	D	0.53%	0.39%	0.39%
INTU	C	0.48%	0.1%	0.1%
IPG	D	0.06%	0.06%	0.06%
IQV	D	0.12%	0.07%	0.07%
IRM	D	0.13%	0.03%	0.03%
IT	C	0.17%	0.04%	0.04%
ITW	B	0.13%	0.09%	0.09%
JBL	B	0.03%	0.2%	0.03%
JNJ	D	1.79%	0.44%	0.44%
JPM	A	3.38%	1.74%	1.74%
K	A	0.09%	0.07%	0.07%
KDP	D	0.06%	0.07%	0.06%
KEY	B	0.05%	0.07%	0.05%
KHC	F	0.09%	0.13%	0.09%
KLAC	D	0.15%	0.05%	0.05%
KMB	D	0.22%	0.1%	0.1%
KO	D	1.2%	0.22%	0.22%
KR	B	0.2%	0.87%	0.2%
LKQ	D	0.02%	0.07%	0.02%
LLY	F	2.2%	0.18%	0.18%
LNT	A	0.05%	0.02%	0.02%
LOW	D	0.51%	0.49%	0.49%
LRCX	F	0.24%	0.08%	0.08%
LULU	C	0.19%	0.07%	0.07%
LVS	C	0.04%	0.08%	0.04%
MA	C	1.06%	0.15%	0.15%
MAR	B	0.28%	0.16%	0.16%
MAS	D	0.03%	0.04%	0.03%
MCD	D	0.35%	0.14%	0.14%
MCK	B	0.26%	2.03%	0.26%
MCO	B	0.13%	0.04%	0.04%
MDLZ	F	0.36%	0.17%	0.17%
MDT	D	0.36%	0.17%	0.17%
MET	A	0.2%	0.41%	0.2%
META	D	5.19%	0.91%	0.91%
MKC	D	0.06%	0.03%	0.03%
MMC	B	0.27%	0.13%	0.13%
MRK	F	1.02%	0.29%	0.29%
MRNA	F	0.04%	0.02%	0.02%
MRO	B	0.05%	0.04%	0.04%
MS	A	0.26%	0.76%	0.26%
MSCI	C	0.12%	0.02%	0.02%
MSFT	F	4.72%	1.34%	1.34%
MU	D	0.54%	0.13%	0.13%
NDAQ	A	0.13%	0.04%	0.04%
NDSN	B	0.04%	0.01%	0.01%
NEM	D	0.19%	0.06%	0.06%
NI	A	0.04%	0.03%	0.03%
NKE	D	0.22%	0.27%	0.22%
NOW	A	0.36%	0.07%	0.07%
NRG	B	0.04%	0.18%	0.04%
NTAP	C	0.08%	0.04%	0.04%
NXPI	D	0.23%	0.07%	0.07%
OMC	C	0.1%	0.09%	0.09%
ORCL	B	0.74%	0.34%	0.34%
OTIS	C	0.16%	0.08%	0.08%
PANW	C	0.32%	0.05%	0.05%
PEG	A	0.14%	0.06%	0.06%
PFE	D	0.36%	0.27%	0.27%
PFG	D	0.08%	0.09%	0.08%
PG	A	1.94%	0.44%	0.44%
PNR	A	0.07%	0.03%	0.03%
PPL	B	0.04%	0.05%	0.04%
PSA	D	0.09%	0.02%	0.02%
PYPL	B	0.29%	0.21%	0.21%
QCOM	F	0.6%	0.2%	0.2%
RF	A	0.06%	0.06%	0.06%
ROK	B	0.13%	0.05%	0.05%
ROST	C	0.2%	0.11%	0.11%
RSG	A	0.07%	0.09%	0.07%
SBUX	A	0.19%	0.2%	0.19%
SHW	A	0.15%	0.13%	0.13%
SJM	D	0.02%	0.04%	0.02%
SLB	C	0.31%	0.21%	0.21%
SMCI	F	0.05%	0.03%	0.03%
SNPS	B	0.21%	0.04%	0.04%
SPGI	C	0.65%	0.07%	0.07%
SRE	A	0.14%	0.08%	0.08%
STT	A	0.07%	0.12%	0.07%
STX	D	0.03%	0.03%	0.03%
STZ	D	0.07%	0.05%	0.05%
SWK	D	0.04%	0.07%	0.04%
SYK	C	0.56%	0.12%	0.12%
TFC	A	0.21%	0.16%	0.16%
TFX	F	0.02%	0.01%	0.01%
TGT	F	0.29%	0.6%	0.29%
TJX	A	0.67%	0.31%	0.31%
TRV	B	0.24%	0.26%	0.24%
TSCO	D	0.12%	0.08%	0.08%
TSLA	B	2.83%	0.71%	0.71%
TSN	B	0.03%	0.3%	0.03%
TT	A	0.38%	0.12%	0.12%
TXN	C	0.62%	0.09%	0.09%
UBER	D	0.49%	0.22%	0.22%
UNH	C	0.91%	2.1%	0.91%
UNP	C	0.58%	0.13%	0.13%
USB	A	0.39%	0.26%	0.26%
V	A	2.11%	0.21%	0.21%
VICI	C	0.17%	0.02%	0.02%
VLO	C	0.11%	0.8%	0.11%
VRSK	A	0.13%	0.02%	0.02%
VRTX	F	0.4%	0.06%	0.06%
VTR	C	0.07%	0.03%	0.03%
VZ	C	0.28%	0.68%	0.28%
WAB	B	0.09%	0.07%	0.07%
WDC	D	0.11%	0.07%	0.07%
WELL	A	0.32%	0.04%	0.04%
WM	A	0.13%	0.12%	0.12%
WMT	A	1.82%	3.83%	1.82%
WST	C	0.04%	0.02%	0.02%
WTW	B	0.15%	0.06%	0.06%
WY	D	0.11%	0.04%	0.04%
XEL	A	0.06%	0.08%	0.06%
XOM	B	2.63%	2.04%	2.04%
XYL	D	0.1%	0.04%	0.04%
YUM	B	0.12%	0.04%	0.04%
ZBH	C	0.04%	0.04%	0.04%
ZBRA	B	0.07%	0.03%	0.03%
ZTS	D	0.32%	0.04%	0.04%

ESG Overweight 23 Positions Relative to RWL

Symbol	Grade	Weight
APO	B	0.35%
FLUT	A	0.23%
HUBS	A	0.14%
LII	A	0.09%
LNG	B	0.08%
NU	C	0.08%
CCEP	C	0.08%
WSM	B	0.08%
XPO	B	0.07%
NVT	B	0.06%
ACM	A	0.06%
BURL	A	0.05%
DOX	D	0.05%
SUI	D	0.05%
RPRX	D	0.05%
SNAP	C	0.04%
OC	A	0.03%
LECO	B	0.03%
OKTA	C	0.02%
DKS	C	0.02%
RNR	C	0.02%
AVTR	F	0.02%
PSTG	D	0.02%

ESG Underweight 263 Positions Relative to RWL

Symbol	Grade	Weight
COR	B	-1.58%
F	C	-1.03%
GOOGL	C	-1.01%
GOOG	C	-1.01%
WFC	A	-0.93%
PSX	C	-0.86%
MPC	D	-0.79%
WBA	F	-0.77%
CMCSA	B	-0.73%
T	A	-0.69%
CNC	D	-0.68%
NVDA	C	-0.65%
DELL	C	-0.59%
UAL	A	-0.56%
HUM	C	-0.54%
TMUS	B	-0.51%
UPS	C	-0.51%
DAL	C	-0.48%
PEP	F	-0.47%
AXP	A	-0.44%
SYY	B	-0.42%
RTX	C	-0.4%
PGR	A	-0.38%
COF	B	-0.38%
LMT	D	-0.37%
BA	F	-0.36%
PRU	A	-0.36%
CHTR	C	-0.35%
COP	C	-0.34%
HCA	F	-0.33%
ABBV	D	-0.26%
GEV	B	-0.25%
WBD	C	-0.25%
GD	F	-0.24%
NFLX	A	-0.24%
HON	B	-0.23%
PCAR	B	-0.23%
NOC	D	-0.22%
PNC	B	-0.21%
GE	D	-0.21%
LYB	F	-0.2%
PM	B	-0.2%
TMO	F	-0.2%
MOH	F	-0.18%
LEN	D	-0.18%
SCHW	B	-0.18%
NUE	C	-0.18%
LUV	C	-0.17%
LYV	A	-0.17%
DHI	D	-0.17%
PARA	C	-0.17%
JCI	C	-0.17%
LIN	D	-0.17%
ETN	A	-0.16%
KKR	A	-0.16%
PWR	A	-0.15%
EOG	A	-0.15%
AMGN	D	-0.15%
OXY	D	-0.15%
SYF	B	-0.15%
HAL	C	-0.14%
SO	D	-0.14%
KMX	B	-0.14%
PCG	A	-0.14%
CARR	D	-0.13%
PH	A	-0.13%
FI	A	-0.13%
MMM	D	-0.13%
VST	B	-0.13%
TRGP	B	-0.12%
MO	A	-0.12%
RCL	A	-0.12%
EXC	C	-0.12%
AMP	A	-0.12%
DHR	F	-0.12%
IP	B	-0.12%
NEE	D	-0.12%
SW	A	-0.12%
STLD	B	-0.12%
OKE	A	-0.12%
LHX	C	-0.12%
KMI	A	-0.11%
CHRW	C	-0.11%
RJF	A	-0.11%
GPC	D	-0.11%
NTRS	A	-0.1%
MGM	D	-0.1%
PPG	F	-0.1%
L	A	-0.1%
ORLY	B	-0.1%
CSX	B	-0.09%
KVUE	A	-0.09%
PHM	D	-0.09%
VTRS	A	-0.09%
J	F	-0.09%
MTB	A	-0.09%
BLDR	D	-0.09%
CDW	F	-0.09%
URI	B	-0.09%
LDOS	C	-0.09%
HES	B	-0.08%
CFG	B	-0.08%
APH	A	-0.08%
BWA	D	-0.08%
EG	C	-0.08%
DVN	F	-0.08%
ABNB	C	-0.07%
DRI	B	-0.07%
FE	C	-0.07%
MOS	F	-0.07%
NCLH	B	-0.07%
AMCR	D	-0.07%
BX	A	-0.07%
WMB	A	-0.07%
AIZ	A	-0.07%
UHS	D	-0.07%
NSC	B	-0.07%
WRB	A	-0.07%
ACGL	D	-0.07%
LH	C	-0.07%
APD	A	-0.07%
JBHT	C	-0.07%
TAP	C	-0.07%
TXT	D	-0.07%
ES	D	-0.06%
GPN	B	-0.06%
FIS	C	-0.06%
HRL	D	-0.06%
CZR	F	-0.06%
ULTA	F	-0.06%
DTE	C	-0.06%
MSI	B	-0.06%
CINF	A	-0.06%
HSIC	B	-0.06%
DVA	B	-0.06%
ISRG	A	-0.05%
FOXA	B	-0.05%
CPB	D	-0.05%
FOX	A	-0.05%
HWM	A	-0.05%
WYNN	D	-0.05%
APA	D	-0.05%
EQIX	A	-0.05%
WEC	A	-0.05%
ALB	C	-0.05%
FAST	B	-0.05%
HII	D	-0.05%
PKG	A	-0.05%
EMN	D	-0.05%
BEN	C	-0.05%
VMC	B	-0.05%
TPR	B	-0.05%
ADI	D	-0.05%
CNP	B	-0.05%
REGN	F	-0.05%
NVR	D	-0.05%
DGX	A	-0.05%
MHK	D	-0.05%
IFF	D	-0.05%
IVZ	B	-0.04%
TTWO	A	-0.04%
SNA	A	-0.04%
ANET	C	-0.04%
ROP	B	-0.04%
PLD	D	-0.04%
ODFL	B	-0.04%
GRMN	B	-0.04%
FTNT	C	-0.04%
TDG	D	-0.04%
ON	D	-0.04%
MLM	B	-0.04%
AEE	A	-0.04%
TROW	B	-0.04%
AVY	D	-0.04%
BIIB	F	-0.04%
RL	B	-0.04%
AME	A	-0.04%
SOLV	C	-0.04%
IR	B	-0.04%
LW	C	-0.04%
MNST	C	-0.04%
CPAY	A	-0.03%
EFX	F	-0.03%
TRMB	B	-0.03%
INCY	C	-0.03%
VLTO	D	-0.03%
BRO	B	-0.03%
CPRT	A	-0.03%
STE	F	-0.03%
PNW	B	-0.03%
JNPR	F	-0.03%
KEYS	A	-0.03%
GNRC	B	-0.03%
GDDY	A	-0.03%
POOL	C	-0.03%
MCHP	D	-0.03%
EPAM	C	-0.03%
NWSA	B	-0.03%
PAYX	C	-0.03%
CCI	D	-0.03%
EVRG	A	-0.03%
NWS	B	-0.03%
EQT	B	-0.03%
GL	B	-0.03%
CME	A	-0.03%
HUBB	B	-0.03%
CTRA	B	-0.03%
DLR	B	-0.03%
TDY	B	-0.03%
CHD	B	-0.03%
CE	F	-0.03%
SPG	B	-0.03%
CF	B	-0.03%
ERIE	D	-0.02%
AVB	B	-0.02%
EXR	D	-0.02%
AXON	A	-0.02%
MTCH	D	-0.02%
FSLR	F	-0.02%
ROL	B	-0.02%
WAT	B	-0.02%
BXP	D	-0.02%
MTD	D	-0.02%
FMC	D	-0.02%
ALGN	D	-0.02%
SWKS	F	-0.02%
AOS	F	-0.02%
CBOE	B	-0.02%
ALLE	D	-0.02%
CRL	C	-0.02%
PLTR	B	-0.02%
HAS	D	-0.02%
DXCM	D	-0.02%
O	D	-0.02%
ATO	A	-0.02%
CTLT	B	-0.02%
RMD	C	-0.02%
FRT	B	-0.01%
TECH	D	-0.01%
MPWR	F	-0.01%
REG	B	-0.01%
CPT	B	-0.01%
VRSN	F	-0.01%
UDR	B	-0.01%
KIM	A	-0.01%
FICO	B	-0.01%
TYL	B	-0.01%
MAA	B	-0.01%
PODD	C	-0.01%
DAY	B	-0.01%
JKHY	D	-0.01%
TER	D	-0.01%
PAYC	B	-0.01%
INVH	D	-0.01%
SBAC	D	-0.01%
QRVO	F	-0.01%
PTC	A	-0.01%
CSGP	D	-0.01%
ANSS	B	-0.01%
RVTY	F	-0.01%
EQR	B	-0.01%
MKTX	D	-0.0%
ENPH	F	-0.0%