SHE vs. ESG ETF Comparison

Comparison of SPDR SSGA Gender Diversity Index ETF (SHE) to FlexShares STOXX US ESG Impact Index Fund (ESG)

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.89

Average Daily Volume

3,450

Number of Holdings ^*

239

* 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	SHE	ESG
30 Days	2.93%	3.59%
60 Days	5.56%	3.59%
90 Days	7.44%	6.22%
12 Months	34.03%	27.36%

127 Overlapping Holdings

Symbol	Grade	Weight in SHE	Weight in ESG	Overlap
AAPL	C	4.14%	4.84%	4.14%
ABT	B	0.73%	0.66%	0.66%
ACM	A	0.05%	0.06%	0.05%
ACN	C	4.39%	1.12%	1.12%
ADM	D	0.08%	0.08%	0.08%
ADSK	A	1.25%	0.33%	0.33%
AEP	D	0.16%	0.2%	0.16%
AIG	B	0.19%	0.08%	0.08%
AKAM	D	0.22%	0.03%	0.03%
ALL	A	0.18%	0.08%	0.08%
APTV	D	0.11%	0.04%	0.04%
AWK	D	0.12%	0.13%	0.12%
BAC	A	1.2%	1.03%	1.03%
BBY	D	0.09%	0.09%	0.09%
BK	A	0.21%	0.23%	0.21%
BKNG	A	1.33%	0.55%	0.55%
BKR	B	0.14%	0.1%	0.1%
BR	A	0.1%	0.09%	0.09%
BURL	A	0.15%	0.05%	0.05%
C	A	0.51%	0.64%	0.51%
CAH	B	0.11%	0.09%	0.09%
CAT	B	0.94%	0.31%	0.31%
CI	F	0.32%	0.3%	0.3%
CL	D	0.26%	0.31%	0.26%
CLX	B	0.08%	0.1%	0.08%
CMG	B	0.63%	0.27%	0.27%
CMI	A	0.24%	0.17%	0.17%
CMS	C	0.06%	0.05%	0.05%
COST	B	1.13%	1.01%	1.01%
CSCO	B	4.03%	0.96%	0.96%
CVS	D	0.25%	0.28%	0.25%
CVX	A	0.98%	1.36%	0.98%
D	C	0.23%	0.08%	0.08%
DD	D	0.1%	0.12%	0.1%
DE	A	0.32%	0.44%	0.32%
DECK	A	0.14%	0.11%	0.11%
DG	F	0.07%	0.02%	0.02%
DKS	C	0.08%	0.02%	0.02%
DOW	F	0.11%	0.1%	0.1%
DUK	C	0.27%	0.21%	0.21%
EA	A	0.12%	0.13%	0.12%
EBAY	D	0.14%	0.1%	0.1%
ECL	D	0.2%	0.17%	0.17%
ED	D	0.13%	0.05%	0.05%
EIX	B	0.13%	0.13%	0.13%
EL	F	0.06%	0.06%	0.06%
EMR	A	0.25%	0.12%	0.12%
ETR	B	0.11%	0.08%	0.08%
FANG	D	0.11%	0.05%	0.05%
FDS	B	0.07%	0.1%	0.07%
FDX	B	0.22%	0.22%	0.22%
FITB	A	0.12%	0.08%	0.08%
FLUT	A	0.31%	0.23%	0.23%
FTV	C	0.1%	0.1%	0.1%
GILD	C	0.42%	0.28%	0.28%
GIS	D	0.13%	0.18%	0.13%
GWW	B	0.17%	0.17%	0.17%
HIG	B	0.15%	0.14%	0.14%
HLT	A	0.53%	0.25%	0.25%
HST	C	0.06%	0.02%	0.02%
HSY	F	0.1%	0.1%	0.1%
HUBS	A	0.58%	0.14%	0.14%
IDXX	F	0.14%	0.06%	0.06%
INTC	D	1.87%	0.53%	0.53%
INTU	C	3.56%	0.48%	0.48%
IPG	D	0.05%	0.06%	0.05%
IRM	D	0.13%	0.13%	0.13%
ITW	B	0.29%	0.13%	0.13%
JNJ	D	1.41%	1.79%	1.41%
JPM	A	2.69%	3.38%	2.69%
KEY	B	0.07%	0.05%	0.05%
KO	D	0.99%	1.2%	0.99%
KR	B	0.15%	0.2%	0.15%
LLY	F	2.32%	2.2%	2.2%
LNG	B	0.17%	0.08%	0.08%
LOW	D	0.96%	0.51%	0.51%
LULU	C	0.33%	0.19%	0.19%
LVS	C	0.09%	0.04%	0.04%
MAR	B	0.65%	0.28%	0.28%
MCK	B	0.31%	0.26%	0.26%
MCO	B	0.33%	0.13%	0.13%
MDT	D	0.41%	0.36%	0.36%
META	D	4.59%	5.19%	4.59%
MMC	B	0.43%	0.27%	0.27%
MRK	F	0.89%	1.02%	0.89%
MSFT	F	4.17%	4.72%	4.17%
NEM	D	0.2%	0.19%	0.19%
NKE	D	0.42%	0.22%	0.22%
OC	A	0.06%	0.03%	0.03%
OMC	C	0.07%	0.1%	0.07%
PEG	A	0.17%	0.14%	0.14%
PFG	D	0.08%	0.08%	0.08%
PG	A	1.5%	1.94%	1.5%
PNR	A	0.07%	0.07%	0.07%
PPL	B	0.09%	0.04%	0.04%
PSA	D	0.19%	0.09%	0.09%
RF	A	0.09%	0.06%	0.06%
ROK	B	0.11%	0.13%	0.11%
ROST	C	0.41%	0.2%	0.2%
SBUX	A	0.94%	0.19%	0.19%
SJM	D	0.05%	0.02%	0.02%
SNAP	C	0.05%	0.04%	0.04%
SPGI	C	0.58%	0.65%	0.58%
STZ	D	0.12%	0.07%	0.07%
SWK	D	0.05%	0.04%	0.04%
TFC	A	0.24%	0.21%	0.21%
TFX	F	0.03%	0.02%	0.02%
TGT	F	0.27%	0.29%	0.27%
TJX	A	1.21%	0.67%	0.67%
TSCO	D	0.26%	0.12%	0.12%
TSN	B	0.05%	0.03%	0.03%
TT	A	0.34%	0.38%	0.34%
UBER	D	0.57%	0.49%	0.49%
UNH	C	1.75%	0.91%	0.91%
V	A	1.62%	2.11%	1.62%
VICI	C	0.14%	0.17%	0.14%
VRTX	F	0.45%	0.4%	0.4%
VTR	C	0.12%	0.07%	0.07%
VZ	C	0.77%	0.28%	0.28%
WAB	B	0.11%	0.09%	0.09%
WSM	B	0.14%	0.08%	0.08%
WTW	B	0.13%	0.15%	0.13%
WY	D	0.07%	0.11%	0.07%
XEL	A	0.12%	0.06%	0.06%
XOM	B	1.46%	2.63%	1.46%
XYL	D	0.11%	0.1%	0.1%
ZTS	D	0.31%	0.32%	0.31%

SHE Overweight 112 Positions Relative to ESG

Symbol	Grade	Weight
NVDA	C	4.79%
NFLX	A	1.78%
FTNT	C	1.08%
WFC	A	0.97%
LIN	D	0.89%
PGR	A	0.67%
AXP	A	0.65%
T	A	0.63%
GE	D	0.58%
HON	B	0.52%
TMUS	B	0.52%
ETN	A	0.51%
RTX	C	0.5%
ANSS	B	0.49%
SCHW	B	0.47%
GDDY	A	0.47%
CDW	F	0.44%
TYL	B	0.44%
ABNB	C	0.36%
PNC	B	0.32%
NOC	D	0.31%
RCL	A	0.31%
TWLO	A	0.28%
BA	F	0.26%
MMM	D	0.25%
EQIX	A	0.25%
COF	B	0.24%
JCI	C	0.24%
DHI	D	0.22%
DLR	B	0.22%
SPG	B	0.22%
EOG	A	0.21%
WCN	A	0.21%
VST	B	0.2%
CARR	D	0.19%
PRU	A	0.19%
CHTR	C	0.18%
NSC	B	0.18%
SQ	B	0.17%
FIS	C	0.17%
O	D	0.16%
ULTA	F	0.16%
COR	B	0.15%
PSX	C	0.15%
MTB	A	0.14%
CSGP	D	0.14%
OXY	D	0.14%
TTD	B	0.13%
EXC	C	0.13%
EXR	D	0.12%
VLTO	D	0.12%
ALNY	D	0.12%
CNC	D	0.12%
AVB	B	0.11%
WEC	A	0.11%
WBD	C	0.11%
DTE	C	0.11%
LDOS	C	0.1%
GPN	B	0.1%
INVH	D	0.09%
EQR	B	0.09%
HUBB	B	0.09%
SYF	B	0.09%
BIIB	F	0.09%
TROW	B	0.09%
TTWO	A	0.09%
NTRS	A	0.08%
AEE	A	0.08%
CHD	B	0.08%
SW	A	0.08%
ILMN	D	0.08%
LPLA	A	0.08%
CNP	B	0.08%
KMX	B	0.07%
LYB	F	0.07%
J	F	0.07%
SSNC	B	0.07%
EQT	B	0.07%
IFF	D	0.07%
KIM	A	0.07%
MAA	B	0.07%
LH	C	0.07%
UTHR	C	0.06%
AMCR	D	0.06%
TRU	D	0.06%
PINS	D	0.06%
MGM	D	0.06%
FBIN	D	0.05%
INCY	C	0.05%
RPM	A	0.05%
TXT	D	0.05%
DAL	C	0.04%
ALB	C	0.04%
BBWI	D	0.04%
CRL	C	0.04%
Z	A	0.04%
RIVN	F	0.04%
HRL	D	0.04%
OVV	B	0.04%
PARA	C	0.04%
DAY	B	0.04%
AMH	D	0.04%
AIZ	A	0.04%
NBIX	C	0.04%
WYNN	D	0.04%
CPB	D	0.03%
WBA	F	0.03%
CE	F	0.03%
NWSA	B	0.03%
LUV	C	0.02%
APA	D	0.02%
ACI	C	0.02%

SHE Underweight 132 Positions Relative to ESG

Symbol	Grade	Weight
AMZN	C	-5.34%
BRK.A	B	-3.02%
TSLA	B	-2.83%
AVGO	D	-1.95%
WMT	A	-1.82%
MA	C	-1.06%
HD	A	-0.99%
IBM	C	-0.95%
GS	A	-0.92%
DIS	B	-0.81%
ADBE	C	-0.76%
AMD	F	-0.74%
ORCL	B	-0.74%
BLK	C	-0.72%
TXN	C	-0.62%
QCOM	F	-0.6%
UNP	C	-0.58%
SYK	C	-0.56%
MU	D	-0.54%
CRM	B	-0.53%
AMAT	F	-0.5%
ADP	B	-0.5%
ICE	C	-0.44%
ELV	F	-0.39%
USB	A	-0.39%
BMY	B	-0.39%
CTAS	B	-0.37%
AMT	D	-0.37%
NOW	A	-0.36%
MDLZ	F	-0.36%
PFE	D	-0.36%
APO	B	-0.35%
MCD	D	-0.35%
WELL	A	-0.32%
PANW	C	-0.32%
GM	B	-0.32%
SLB	C	-0.31%
PYPL	B	-0.29%
AON	A	-0.27%
CRWD	B	-0.26%
MS	A	-0.26%
CB	C	-0.26%
TRV	B	-0.24%
LRCX	F	-0.24%
AFL	B	-0.23%
NXPI	D	-0.23%
KMB	D	-0.22%
SNPS	B	-0.21%
BSX	B	-0.21%
MET	A	-0.2%
CBRE	B	-0.2%
CEG	D	-0.18%
DFS	B	-0.18%
IT	C	-0.17%
HPQ	B	-0.17%
GEHC	F	-0.17%
OTIS	C	-0.16%
AJG	B	-0.16%
SHW	A	-0.15%
KLAC	D	-0.15%
FCX	D	-0.15%
SRE	A	-0.14%
EW	C	-0.13%
CDNS	B	-0.13%
VRSK	A	-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%
WDC	D	-0.11%
VLO	C	-0.11%
BDX	F	-0.11%
CTSH	B	-0.1%
LII	A	-0.09%
AZO	C	-0.09%
KHC	F	-0.09%
K	A	-0.09%
DOC	D	-0.08%
NU	C	-0.08%
CCEP	C	-0.08%
NTAP	C	-0.08%
CCL	B	-0.08%
RSG	A	-0.07%
ZBRA	B	-0.07%
EXPE	B	-0.07%
GEN	B	-0.07%
XPO	B	-0.07%
BALL	D	-0.07%
STT	A	-0.07%
NVT	B	-0.06%
HOLX	D	-0.06%
MKC	D	-0.06%
GLW	B	-0.06%
A	D	-0.06%
ESS	B	-0.06%
KDP	D	-0.06%
CTVA	C	-0.06%
HBAN	A	-0.06%
DOV	A	-0.05%
SMCI	F	-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%
MRNA	F	-0.04%
DLTR	F	-0.04%
DPZ	C	-0.04%
WST	C	-0.04%
IEX	B	-0.04%
BAX	D	-0.04%
NI	A	-0.04%
ZBH	C	-0.04%
AES	F	-0.04%
NDSN	B	-0.04%
NRG	B	-0.04%
CAG	D	-0.03%
LECO	B	-0.03%
BG	F	-0.03%
STX	D	-0.03%
EXPD	D	-0.03%
MAS	D	-0.03%
JBL	B	-0.03%
OKTA	C	-0.02%
LKQ	D	-0.02%
FFIV	B	-0.02%
RNR	C	-0.02%
AVTR	F	-0.02%
PSTG	D	-0.02%