BRNY vs. LKOR ETF Comparison

Comparison of Burney U.S. Factor Rotation ETF (BRNY) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

BRNY

Burney U.S. Factor Rotation ETF

BRNY Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks long term growth of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the fund"s net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock. The fund will invest its assets in common stocks of large, mid, and small-capitalization companies.

Grade (RS Rating)

Last Trade

$43.26

Average Daily Volume

10,353

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$43.76

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	BRNY	LKOR
30 Days	7.37%	-0.56%
60 Days	9.01%	-5.06%
90 Days	10.60%	-3.66%
12 Months	43.45%	9.17%

17 Overlapping Holdings

Symbol	Grade	Weight in BRNY	Weight in LKOR	Overlap
AAPL	C	4.6%	0.17%	0.17%
ACGL	D	0.24%	0.55%	0.24%
ALL	A	0.5%	0.04%	0.04%
AVGO	D	0.45%	0.2%	0.2%
EA	A	0.8%	0.09%	0.09%
EBAY	D	0.5%	0.18%	0.18%
GOOGL	C	2.87%	0.12%	0.12%
JPM	A	0.51%	0.09%	0.09%
KLAC	D	0.2%	0.2%	0.2%
KMI	A	0.53%	0.19%	0.19%
MCO	B	2.64%	0.12%	0.12%
MMC	B	0.36%	0.24%	0.24%
MS	A	0.54%	0.14%	0.14%
NVDA	C	5.18%	0.21%	0.21%
PGR	A	3.75%	0.23%	0.23%
TT	A	4.01%	0.12%	0.12%
WFC	A	0.53%	0.25%	0.25%

BRNY Overweight 61 Positions Relative to LKOR

Symbol	Grade	Weight
FTNT	C	5.76%
TXRH	C	4.9%
META	D	4.87%
COR	B	4.56%
TOL	B	4.33%
WAB	B	3.9%
PANW	C	3.2%
EXEL	B	2.59%
G	B	2.02%
APP	B	1.95%
NFLX	A	1.92%
BRBR	A	1.83%
QCOM	F	1.61%
ANET	C	1.44%
APH	A	1.29%
COLL	F	1.27%
UGI	A	1.15%
EME	C	1.12%
VERX	B	1.02%
DOCS	C	0.93%
PLTR	B	0.89%
HWM	A	0.87%
SFM	A	0.75%
CORT	B	0.68%
YOU	D	0.59%
TRGP	B	0.59%
ALSN	B	0.56%
SPG	B	0.55%
SYF	B	0.54%
DOCU	A	0.53%
INCY	C	0.53%
CBOE	B	0.52%
BURL	A	0.51%
WING	D	0.5%
BK	A	0.49%
EXP	A	0.49%
GWRE	A	0.49%
PRG	C	0.49%
AER	B	0.48%
NTAP	C	0.48%
LII	A	0.48%
GRBK	D	0.47%
VRTX	F	0.47%
UTHR	C	0.46%
LIN	D	0.46%
VICI	C	0.46%
TGTX	B	0.45%
PHM	D	0.42%
CACI	D	0.42%
SN	D	0.42%
ALNY	D	0.4%
ETN	A	0.39%
AMAT	F	0.39%
TPH	D	0.37%
JAMF	F	0.36%
CNC	D	0.34%
LOPE	B	0.29%
ROST	C	0.26%
TSCO	D	0.25%
DFIN	D	0.23%
NVT	B	0.22%

BRNY Underweight 146 Positions Relative to LKOR

Symbol	Grade	Weight
PM	B	-0.7%
SCCO	F	-0.64%
DUK	C	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
V	A	-0.4%
FITB	A	-0.39%
KOF	F	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
GILD	C	-0.35%
ABBV	D	-0.33%
DOW	F	-0.32%
CAH	B	-0.31%
CP	D	-0.29%
NNN	D	-0.29%
ED	D	-0.29%
AEP	D	-0.28%
RF	A	-0.28%
TEL	B	-0.28%
AMT	D	-0.27%
KMB	D	-0.26%
JEF	A	-0.26%
MMM	D	-0.26%
NOC	D	-0.26%
CHTR	C	-0.26%
HON	B	-0.25%
LOW	D	-0.25%
ORCL	B	-0.25%
CAG	D	-0.24%
AEE	A	-0.24%
NEM	D	-0.24%
WEC	A	-0.24%
CMS	C	-0.24%
GWW	B	-0.24%
BHP	F	-0.24%
CMCSA	B	-0.24%
HCA	F	-0.24%
DOV	A	-0.24%
KDP	D	-0.24%
HPQ	B	-0.24%
MKL	A	-0.24%
OKE	A	-0.24%
LMT	D	-0.24%
FOXA	B	-0.24%
LH	C	-0.23%
LYB	F	-0.23%
IBM	C	-0.23%
MCK	B	-0.23%
AIG	B	-0.23%
TXN	C	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
BDX	F	-0.23%
SBUX	A	-0.23%
AMGN	D	-0.23%
CSCO	B	-0.23%
BAC	A	-0.23%
D	C	-0.23%
MA	C	-0.22%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
EL	F	-0.21%
SRE	A	-0.21%
GS	A	-0.21%
SHW	A	-0.21%
EIX	B	-0.21%
C	A	-0.21%
EG	C	-0.2%
HIG	B	-0.2%
PAA	B	-0.2%
MO	A	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
ZTS	D	-0.19%
KO	D	-0.19%
CCI	D	-0.19%
HD	A	-0.19%
LEA	D	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	D	-0.18%
AMZN	C	-0.18%
EPD	A	-0.18%
VZ	C	-0.18%
REGN	F	-0.17%
SPGI	C	-0.16%
UNP	C	-0.16%
UNH	C	-0.16%
HAL	C	-0.14%
MET	A	-0.14%
JCI	C	-0.13%
APTV	D	-0.13%
EFX	F	-0.13%
HAS	D	-0.13%
AON	A	-0.13%
GM	B	-0.13%
XOM	B	-0.12%
WELL	A	-0.12%
IFF	D	-0.12%
VTR	C	-0.12%
EMR	A	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
NSC	B	-0.12%
JNJ	D	-0.12%
CSX	B	-0.12%
MCD	D	-0.12%
PRU	A	-0.11%
BWA	D	-0.11%
MLM	B	-0.11%
CHD	B	-0.11%
DG	F	-0.11%
REG	B	-0.11%
RJF	A	-0.11%
OC	A	-0.11%
MAS	D	-0.11%
FMC	D	-0.11%
SO	D	-0.11%
BABA	D	-0.11%
OTIS	C	-0.1%
VRSK	A	-0.1%
KIM	A	-0.1%
SJM	D	-0.1%
DHR	F	-0.1%
WBA	F	-0.1%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	B	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
MSFT	F	-0.1%
MDLZ	F	-0.09%
BIIB	F	-0.09%
RPRX	D	-0.09%
PCG	A	-0.09%
T	A	-0.09%
HUM	C	-0.07%
ITW	B	-0.06%
SIGI	C	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%