FEUS vs. ACWV ETF Comparison

Comparison of FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

FEUS

FlexShares ESG & Climate US Large Cap Core Index Fund

FEUS Description

FlexShares ESG & Climate US Large Cap Core Index Fund is an exchange traded indexed fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across large market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the Northern Trust ESG & Climate US Large Cap Core Index, by using representative sampling technique. FlexShares ESG & Climate US Large Cap Core Index Fund was formed on September 20, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$66.92

Average Daily Volume

1,485

Number of Holdings ^*

136

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.95

Average Daily Volume

117,990

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	FEUS	ACWV
30 Days	2.93%	0.32%
60 Days	4.29%	-0.25%
90 Days	6.05%	1.23%
12 Months	31.07%	18.77%

38 Overlapping Holdings

Symbol	Grade	Weight in FEUS	Weight in ACWV	Overlap
ACN	C	0.72%	0.26%	0.26%
AKAM	D	0.13%	0.27%	0.13%
AMGN	D	0.92%	0.34%	0.34%
BMY	B	0.05%	0.25%	0.05%
BRK.A	B	0.65%	0.91%	0.65%
CB	C	0.57%	0.88%	0.57%
CI	F	0.84%	0.24%	0.24%
CL	D	0.67%	0.35%	0.35%
CSCO	B	0.1%	1.57%	0.1%
ED	D	0.31%	0.84%	0.31%
ELV	F	0.66%	0.42%	0.42%
FI	A	0.32%	0.48%	0.32%
GILD	C	0.48%	0.48%	0.48%
HUM	C	0.32%	0.31%	0.31%
IBM	C	1.12%	0.73%	0.73%
JNJ	D	1.35%	1.05%	1.05%
KR	B	0.38%	0.83%	0.38%
LLY	F	0.42%	0.52%	0.42%
LNG	B	0.4%	0.16%	0.16%
MA	C	1.59%	0.19%	0.19%
MDLZ	F	0.06%	0.25%	0.06%
MPC	D	0.52%	0.15%	0.15%
MRK	F	0.97%	1.06%	0.97%
MSFT	F	6.4%	0.76%	0.76%
NEM	D	0.44%	0.09%	0.09%
PCG	A	0.41%	0.1%	0.1%
PEP	F	1.09%	1.08%	1.08%
PG	A	0.8%	0.82%	0.8%
REGN	F	0.61%	0.61%	0.61%
TJX	A	0.21%	0.37%	0.21%
ULTA	F	0.18%	0.16%	0.16%
UNH	C	0.11%	0.83%	0.11%
V	A	1.78%	0.59%	0.59%
VZ	C	0.76%	0.76%	0.76%
WDAY	B	0.54%	0.1%	0.1%
WM	A	0.71%	1.5%	0.71%
WMT	A	0.84%	1.82%	0.84%
XOM	B	0.09%	0.1%	0.09%

FEUS Overweight 98 Positions Relative to ACWV

Symbol	Grade	Weight
NVDA	C	7.67%
AAPL	C	6.68%
AMZN	C	4.53%
GOOGL	C	2.7%
TSLA	B	2.69%
GOOG	C	2.44%
JPM	A	2.1%
META	D	1.66%
CRM	B	1.47%
MS	A	1.18%
AXP	A	1.11%
ADBE	C	1.11%
ADP	B	1.03%
BSX	B	1.02%
INTC	D	1.01%
SPGI	C	1.01%
UNP	C	0.93%
TT	A	0.89%
DIS	B	0.87%
PFE	D	0.87%
AMAT	F	0.86%
DE	A	0.83%
EQIX	A	0.81%
NOW	A	0.8%
NKE	D	0.8%
PLD	D	0.79%
PYPL	B	0.79%
MCO	B	0.75%
CTAS	B	0.73%
CMCSA	B	0.67%
TGT	F	0.67%
CSX	B	0.66%
CVS	D	0.65%
WMB	A	0.64%
SHW	A	0.61%
ECL	D	0.61%
OKE	A	0.6%
MDT	D	0.59%
SLB	C	0.58%
NSC	B	0.56%
QCOM	F	0.55%
ABNB	C	0.52%
CMI	A	0.48%
AVGO	D	0.48%
MET	A	0.47%
HD	A	0.46%
PAYX	C	0.45%
MSCI	C	0.44%
JCI	C	0.41%
SYY	B	0.36%
EXC	C	0.36%
HPQ	B	0.34%
DELL	C	0.34%
ADSK	A	0.33%
C	A	0.33%
BKNG	A	0.33%
PEG	A	0.33%
WAB	B	0.32%
HIG	B	0.32%
EBAY	D	0.29%
TSCO	D	0.28%
HPE	B	0.27%
AWK	D	0.25%
BLK	C	0.25%
NDAQ	A	0.25%
BIIB	F	0.23%
EXPE	B	0.22%
WY	D	0.21%
ILMN	D	0.21%
ES	D	0.2%
FSLR	F	0.19%
CLX	B	0.19%
ZM	B	0.19%
EQT	B	0.17%
LVS	C	0.17%
WSM	B	0.15%
OC	A	0.15%
AVB	B	0.14%
EL	F	0.14%
AVY	D	0.14%
VLO	C	0.13%
XYL	D	0.12%
BLD	D	0.11%
AFL	B	0.11%
HST	C	0.11%
BXP	D	0.11%
IPG	D	0.1%
CNH	C	0.09%
LULU	C	0.08%
ENPH	F	0.08%
MTD	D	0.07%
CVX	A	0.05%
LOW	D	0.05%
NEE	D	0.04%
HUBB	B	0.03%
PPG	F	0.03%
MAR	B	0.03%
EFX	F	0.02%

FEUS Underweight 101 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-2.03%
MSI	B	-1.88%
MCK	B	-1.42%
ROP	B	-1.36%
RSG	A	-1.19%
VRTX	F	-1.13%
COR	B	-1.05%
MCD	D	-1.02%
MMC	B	-0.88%
PGR	A	-0.84%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
WEC	A	-0.68%
GDDY	A	-0.64%
EA	A	-0.63%
ORLY	B	-0.62%
GIS	D	-0.61%
K	A	-0.57%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	A	-0.54%
ORCL	B	-0.54%
ABBV	D	-0.49%
CHD	B	-0.46%
HSY	F	-0.44%
MKL	A	-0.43%
WRB	A	-0.41%
KEYS	A	-0.41%
L	A	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
CHT	D	-0.37%
BAH	F	-0.37%
KDP	D	-0.36%
FFIV	B	-0.36%
VRSN	F	-0.35%
AON	A	-0.35%
KHC	F	-0.33%
AJG	B	-0.33%
TRV	B	-0.32%
TSN	B	-0.32%
JNPR	F	-0.32%
NBIX	C	-0.31%
BRO	B	-0.3%
GEN	B	-0.3%
KMB	D	-0.3%
SJM	D	-0.27%
T	A	-0.26%
ERIE	D	-0.26%
CF	B	-0.25%
YUM	B	-0.24%
FCNCA	A	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	B	-0.22%
PTC	A	-0.22%
BDX	F	-0.22%
CPB	D	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
BMRN	D	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
GD	F	-0.18%
CMS	C	-0.16%
DGX	A	-0.15%
AIZ	A	-0.13%
WIT	A	-0.12%
CTVA	C	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	C	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
ABT	B	-0.1%
TPL	A	-0.1%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	D	-0.06%
FANG	D	-0.06%
CHRW	C	-0.06%
CAG	D	-0.05%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%