SKOR vs. IYF ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to iShares U.S. Financial ETF (IYF)

SKOR

FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR Description

The investment seeks the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM. The fund generally will invest at least 80% of its total assets in the securities of its underlying index. The index reflects the performance of a portfolio of US-dollar denominated bonds of companies that are considered by the index Provider to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust US Investment-Grade Corporate Bond IndexSM. The fund is non-diversified

Grade (RS Rating)

Last Trade

$47.27

Average Daily Volume

43,194

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.03

Average Daily Volume

99,295

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	IYF
30 Days	0.75%	3.16%
60 Days	-0.65%	-1.69%
90 Days	-0.02%	3.91%
12 Months	4.19%	36.27%

52 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in IYF	Overlap
AFG	D	0.08%	0.19%	0.08%
AFL	A	0.04%	1.04%	0.04%
AIG	B	0.04%	1.12%	0.04%
AIZ	D	0.04%	0.18%	0.04%
ALL	D	0.15%	0.88%	0.15%
ALLY	C	0.14%	0.21%	0.14%
AMP	B	0.07%	0.89%	0.07%
AON	F	0.09%	1.14%	0.09%
AXS	A	0.04%	0.12%	0.04%
BAC	B	0.0%	4.53%	0.0%
BK	B	0.05%	0.91%	0.05%
BLK	C	0.08%	2.39%	0.08%
BR	C	0.08%	0.49%	0.08%
BRO	B	0.08%	0.44%	0.08%
C	B	0.08%	2.47%	0.08%
CB	B	0.1%	2.19%	0.1%
CFG	C	0.07%	0.34%	0.07%
CMA	D	0.09%	0.14%	0.09%
CME	D	0.12%	1.56%	0.12%
DFS	D	0.11%	0.63%	0.11%
FAF	F	0.08%	0.11%	0.08%
FHN	B	0.09%	0.18%	0.09%
FITB	B	0.09%	0.52%	0.09%
FNF	C	0.03%	0.25%	0.03%
GL	F	0.06%	0.15%	0.06%
GS	B	0.1%	2.97%	0.1%
HBAN	C	0.08%	0.4%	0.08%
JEF	B	0.08%	0.17%	0.08%
JPM	B	0.01%	9.8%	0.01%
KEY	D	0.08%	0.28%	0.08%
KMPR	C	0.07%	0.08%	0.07%
LAZ	A	0.09%	0.09%	0.09%
MCO	B	0.07%	1.33%	0.07%
MET	C	0.09%	0.92%	0.09%
MKL	B	0.11%	0.44%	0.11%
MMC	B	0.01%	2.11%	0.01%
MS	B	0.04%	2.38%	0.04%
NDAQ	C	0.08%	0.47%	0.08%
ORI	B	0.08%	0.17%	0.08%
PGR	D	0.04%	2.44%	0.04%
PNC	C	0.03%	1.25%	0.03%
PRU	A	0.0%	0.88%	0.0%
RNR	B	0.04%	0.24%	0.04%
SCHW	C	0.04%	2.2%	0.04%
SPGI	C	0.08%	2.84%	0.08%
STT	C	0.07%	0.47%	0.07%
TFC	C	0.06%	1.04%	0.06%
THG	C	0.09%	0.1%	0.09%
USB	D	0.07%	1.28%	0.07%
VOYA	A	0.04%	0.15%	0.04%
WFC	B	0.07%	3.98%	0.07%
WTW	D	0.06%	0.54%	0.06%

SKOR Overweight 255 Positions Relative to IYF

Symbol	Grade	Weight
LEN	D	0.32%
KMI	B	0.28%
FOXA	A	0.25%
AEE	F	0.25%
PEP	C	0.24%
LMT	B	0.23%
SPG	A	0.22%
NXPI	B	0.21%
CHTR	C	0.2%
GM	D	0.2%
PHM	A	0.2%
VRSN	F	0.19%
NI	B	0.19%
MAS	D	0.19%
TPR	C	0.19%
PAA	D	0.19%
APD	C	0.19%
TMO	C	0.19%
NOC	D	0.19%
CHD	C	0.18%
ELV	C	0.18%
CCI	C	0.18%
JNJ	F	0.18%
TD	F	0.17%
DOW	C	0.17%
GPN	F	0.17%
WEC	D	0.17%
ATO	D	0.17%
PM	B	0.17%
DG	F	0.16%
LII	B	0.16%
CVS	F	0.16%
ARW	C	0.15%
ADI	A	0.15%
RPRX	F	0.14%
XEL	C	0.14%
CMCSA	D	0.14%
TDY	D	0.14%
CI	D	0.14%
OKE	B	0.14%
GD	A	0.14%
TMUS	A	0.14%
WU	D	0.13%
BWA	C	0.13%
WM	D	0.13%
GILD	F	0.13%
AMT	B	0.13%
JBHT	F	0.12%
BRX	D	0.12%
O	D	0.12%
AMCR	B	0.12%
T	A	0.12%
INTC	F	0.12%
HUM	C	0.12%
APH	B	0.11%
AMGN	B	0.11%
CM	A	0.11%
SWK	F	0.11%
BHP	C	0.11%
ED	B	0.11%
K	B	0.11%
NVT	A	0.11%
AMZN	C	0.11%
ATHS	A	0.11%
UNP	D	0.11%
ARCC	A	0.11%
BMO	C	0.11%
LH	F	0.11%
ORCL	C	0.11%
VRSK	A	0.1%
DLR	A	0.1%
BMY	F	0.1%
BIDU	F	0.1%
WY	F	0.1%
CNP	B	0.1%
LNT	B	0.1%
BKU	C	0.1%
TRMB	D	0.1%
INTU	D	0.1%
MO	B	0.1%
COST	A	0.1%
SO	B	0.1%
LHX	B	0.1%
V	D	0.1%
VNT	D	0.09%
IBM	D	0.09%
SBUX	D	0.09%
DHR	B	0.09%
CARR	B	0.09%
DIS	D	0.09%
DTE	B	0.09%
BXP	F	0.09%
AGR	D	0.09%
CL	B	0.09%
HST	F	0.09%
MCK	A	0.09%
ADBE	F	0.09%
FLO	D	0.09%
MLM	D	0.09%
BNS	D	0.09%
AAPL	A	0.09%
KMB	C	0.08%
PSA	D	0.08%
ADSK	F	0.08%
AWH	F	0.08%
QCOM	A	0.08%
BG	A	0.08%
LEA	F	0.08%
BDX	F	0.08%
EBAY	A	0.08%
CSL	B	0.08%
CMS	B	0.08%
KLAC	A	0.08%
HP	F	0.08%
H	D	0.08%
UPS	F	0.08%
TCN	A	0.08%
CBOE	C	0.08%
KO	B	0.08%
DSS	D	0.08%
AMH	C	0.08%
VLO	D	0.08%
EW	D	0.08%
DINO	F	0.08%
KEYS	F	0.08%
KDP	A	0.08%
WHR	D	0.08%
ROP	C	0.08%
WELL	A	0.08%
TT	B	0.08%
GIS	D	0.08%
NFG	B	0.08%
ORLY	F	0.08%
MMM	B	0.08%
MU	B	0.08%
DUK	B	0.08%
GLPI	D	0.08%
SYF	B	0.08%
D	A	0.08%
ABBV	F	0.08%
ADP	C	0.07%
EMR	C	0.07%
AVT	A	0.07%
PLD	F	0.07%
NTAP	A	0.07%
DHI	D	0.07%
PCG	B	0.07%
PPG	F	0.07%
DGX	B	0.07%
CPT	C	0.07%
SBRA	A	0.07%
WB	D	0.07%
ALLE	D	0.07%
BAX	F	0.07%
CE	D	0.07%
ITW	D	0.07%
DOV	B	0.07%
A	C	0.07%
BKH	C	0.07%
ESS	B	0.07%
GSBD	C	0.07%
PKG	D	0.07%
FMC	D	0.07%
NSC	F	0.07%
TEL	B	0.07%
MKC	D	0.07%
AWK	C	0.07%
TXN	B	0.07%
CUBE	D	0.07%
HUBB	D	0.07%
OTIS	B	0.07%
SRE	B	0.07%
MDLZ	D	0.07%
PEG	A	0.07%
HPQ	A	0.07%
AXP	B	0.07%
EPD	D	0.07%
BABA	C	0.07%
HSBC	A	0.07%
ROK	F	0.06%
SKT	D	0.06%
REG	C	0.06%
AEL	A	0.06%
CPB	C	0.06%
WAB	A	0.06%
SCS	B	0.06%
BA	D	0.06%
ECL	B	0.06%
WPC	D	0.06%
AL	D	0.06%
PG	B	0.06%
NNN	C	0.06%
SITC	A	0.05%
DT	F	0.05%
EFX	D	0.05%
RY	A	0.05%
AER	A	0.05%
DLTR	F	0.05%
AZO	D	0.05%
ZTS	C	0.05%
PDM	A	0.04%
KIM	B	0.04%
STLD	D	0.04%
HPP	F	0.04%
KRG	A	0.04%
FTV	F	0.04%
SJM	F	0.04%
RPM	C	0.04%
EA	C	0.04%
ARE	D	0.04%
CMI	D	0.04%
HII	D	0.04%
HIW	C	0.04%
CSX	F	0.04%
HON	B	0.04%
ES	C	0.04%
MCD	F	0.04%
MSI	B	0.04%
MAR	D	0.04%
CSCO	F	0.04%
KRC	F	0.04%
SHW	D	0.04%
RSG	D	0.04%
LOW	F	0.04%
MSFT	C	0.04%
DB	B	0.04%
EIX	B	0.04%
MA	D	0.04%
AVGO	B	0.04%
NEE	A	0.04%
FLS	B	0.03%
SYK	C	0.03%
GOOGL	B	0.03%
HCA	A	0.03%
VZ	C	0.03%
PH	D	0.02%
CTAS	C	0.02%
AAP	D	0.02%
BDN	C	0.02%
MAA	C	0.02%
EQR	C	0.02%
PYPL	D	0.02%
AVB	B	0.02%
CLX	F	0.02%
AVY	B	0.02%
VTR	A	0.02%
COF	D	0.02%
AEP	B	0.02%
MUFG	C	0.02%
WMT	A	0.02%
UNH	D	0.02%
CP	F	0.01%
EQIX	D	0.0%
HD	F	0.0%
OHI	A	0.0%

SKOR Underweight 85 Positions Relative to IYF

Symbol	Grade	Weight
BRK.A	B	-12.54%
BX	D	-1.8%
ICE	C	-1.57%
KKR	B	-1.42%
APO	A	-1.21%
AJG	B	-1.1%
TRV	D	-0.99%
COIN	C	-0.77%
MSCI	F	-0.77%
ACGL	B	-0.75%
HIG	B	-0.61%
NU	A	-0.55%
TROW	C	-0.53%
MTB	B	-0.51%
ARES	B	-0.5%
RJF	D	-0.48%
LPLA	A	-0.43%
PFG	C	-0.4%
FCNCA	B	-0.39%
CINF	D	-0.37%
RF	D	-0.36%
FDS	D	-0.35%
NTRS	D	-0.35%
EG	B	-0.34%
WRB	D	-0.32%
RGA	A	-0.29%
L	D	-0.28%
IBKR	A	-0.27%
TW	B	-0.26%
HOOD	A	-0.25%
EQH	A	-0.24%
EWBC	D	-0.21%
NLY	B	-0.2%
CG	D	-0.19%
KNSL	F	-0.18%
OWL	A	-0.18%
MKTX	F	-0.17%
UNM	A	-0.17%
WBS	F	-0.16%
MORN	D	-0.16%
PRI	D	-0.16%
SF	B	-0.16%
EVR	B	-0.15%
SOFI	F	-0.14%
CBSH	B	-0.14%
AGNC	B	-0.14%
WAL	C	-0.14%
HLI	B	-0.14%
SEIC	D	-0.14%
BEN	F	-0.14%
CFR	D	-0.13%
ZION	B	-0.13%
BPOP	B	-0.13%
IVZ	C	-0.12%
SNV	B	-0.12%
STWD	D	-0.12%
RLI	C	-0.12%
WTFC	D	-0.12%
XP	F	-0.12%
PNFP	D	-0.12%
AMG	D	-0.11%
RITM	B	-0.11%
RYAN	A	-0.11%
OMF	D	-0.11%
PB	C	-0.11%
MTG	C	-0.11%
JHG	B	-0.1%
FNB	C	-0.1%
OZK	D	-0.1%
AGO	D	-0.09%
WTM	C	-0.09%
LNC	A	-0.09%
SLM	D	-0.09%
COLB	C	-0.08%
TPG	D	-0.07%
FHB	D	-0.06%
BHF	F	-0.06%
CACC	F	-0.06%
NYCB	D	-0.05%
BOKF	C	-0.05%
RKT	C	-0.04%
VIRT	A	-0.04%
CNA	A	-0.03%
TFSL	B	-0.02%
UWMC	A	-0.02%