FFLV vs. SKOR ETF Comparison

Comparison of Fidelity Fundamental Large Cap Value ETF (FFLV) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.11

Average Daily Volume

884

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

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

$47.98

Average Daily Volume

46,093

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	FFLV	SKOR
30 Days	4.61%	-0.31%
60 Days	5.50%	-1.61%
90 Days	6.74%	-0.51%
12 Months		7.12%

35 Overlapping Holdings

Symbol	Grade	Weight in FFLV	Weight in SKOR	Overlap
AAP	C	0.31%	0.02%	0.02%
AFG	A	0.87%	0.08%	0.08%
ALLY	C	0.54%	0.14%	0.14%
BAC	A	2.34%	0.0%	0.0%
BG	F	0.25%	0.08%	0.08%
CB	C	0.76%	0.1%	0.1%
CCI	D	0.14%	0.18%	0.14%
CI	F	1.59%	0.14%	0.14%
CMCSA	B	2.31%	0.14%	0.14%
CPT	B	0.28%	0.07%	0.07%
CSCO	B	3.48%	0.04%	0.04%
CVS	D	1.21%	0.16%	0.16%
EIX	B	1.58%	0.04%	0.04%
ELV	F	1.96%	0.18%	0.18%
FAF	A	0.38%	0.08%	0.08%
GPN	B	0.44%	0.17%	0.17%
HPQ	B	0.47%	0.07%	0.07%
JNJ	D	2.03%	0.18%	0.18%
JPM	A	4.36%	0.01%	0.01%
KDP	D	0.8%	0.08%	0.08%
KEY	B	0.52%	0.08%	0.08%
KO	D	0.57%	0.08%	0.08%
LMT	D	0.68%	0.23%	0.23%
LOW	D	0.58%	0.04%	0.04%
ORI	A	0.75%	0.08%	0.08%
PCG	A	1.49%	0.07%	0.07%
PLD	D	1.66%	0.07%	0.07%
PM	B	0.22%	0.17%	0.17%
PSA	D	0.65%	0.08%	0.08%
SJM	D	1.24%	0.04%	0.04%
SRE	A	0.89%	0.07%	0.07%
TPR	B	0.17%	0.19%	0.17%
UNH	C	2.23%	0.02%	0.02%
WELL	A	1.32%	0.08%	0.08%
WFC	A	3.09%	0.07%	0.07%

FFLV Overweight 73 Positions Relative to SKOR

Symbol	Grade	Weight
XOM	B	4.54%
HIG	B	2.6%
TRV	B	2.2%
KVUE	A	1.95%
JCI	C	1.84%
FDX	B	1.7%
USFD	A	1.49%
ALSN	B	1.38%
APO	B	1.37%
AZN	D	1.09%
BRK.A	B	1.04%
WLK	D	1.01%
RJF	A	1.01%
TKR	D	0.99%
CNC	D	0.96%
MCHP	D	0.94%
COR	B	0.88%
MRK	F	0.88%
TSM	B	0.86%
TRGP	B	0.84%
DOX	D	0.84%
GEN	B	0.83%
GPK	C	0.82%
UHAL	D	0.8%
GDDY	A	0.7%
RRX	B	0.69%
FLR	B	0.68%
TPX	B	0.67%
CNXC	F	0.67%
LW	C	0.65%
SNX	C	0.61%
BCO	D	0.6%
WCC	B	0.58%
XPO	B	0.58%
BC	C	0.58%
CG	A	0.56%
AES	F	0.54%
CEG	D	0.52%
SW	A	0.47%
VST	B	0.46%
UFPI	B	0.46%
GMS	B	0.46%
LAD	A	0.43%
IPG	D	0.42%
APTV	D	0.39%
GTES	A	0.38%
DOOO	F	0.37%
LPX	B	0.36%
OLN	D	0.33%
HRI	B	0.32%
CC	C	0.31%
DAR	C	0.31%
HOG	D	0.3%
LITE	B	0.29%
SLM	A	0.28%
MDU	D	0.27%
HRB	D	0.27%
UPBD	B	0.26%
G	B	0.26%
OMF	A	0.24%
NXST	C	0.22%
VSTS	C	0.22%
CIEN	B	0.22%
TEX	D	0.21%
AR	B	0.2%
COMP	B	0.2%
SIG	B	0.2%
SNY	F	0.17%
MOH	F	0.13%
EWBC	A	0.13%
FCNCA	A	0.12%
WBS	A	0.11%
FTRE	D	0.07%

FFLV Underweight 270 Positions Relative to SKOR

Symbol	Grade	Weight
LEN	D	-0.32%
KMI	A	-0.28%
FOXA	B	-0.25%
AEE	A	-0.25%
PEP	F	-0.24%
SPG	B	-0.22%
NXPI	D	-0.21%
CHTR	C	-0.2%
GM	B	-0.2%
PHM	D	-0.2%
VRSN	F	-0.19%
NI	A	-0.19%
MAS	D	-0.19%
PAA	B	-0.19%
APD	A	-0.19%
TMO	F	-0.19%
NOC	D	-0.19%
CHD	B	-0.18%
TD	F	-0.17%
DOW	F	-0.17%
WEC	A	-0.17%
ATO	A	-0.17%
DG	F	-0.16%
LII	A	-0.16%
ARW	D	-0.15%
ALL	A	-0.15%
ADI	D	-0.15%
RPRX	D	-0.14%
XEL	A	-0.14%
TDY	B	-0.14%
OKE	A	-0.14%
GD	F	-0.14%
TMUS	B	-0.14%
WU	D	-0.13%
BWA	D	-0.13%
WM	A	-0.13%
GILD	C	-0.13%
AMT	D	-0.13%
JBHT	C	-0.12%
BRX	A	-0.12%
O	D	-0.12%
AMCR	D	-0.12%
CME	A	-0.12%
T	A	-0.12%
INTC	D	-0.12%
HUM	C	-0.12%
APH	A	-0.11%
AMGN	D	-0.11%
CM	A	-0.11%
SWK	D	-0.11%
BHP	F	-0.11%
ED	D	-0.11%
K	A	-0.11%
MKL	A	-0.11%
NVT	B	-0.11%
AMZN	C	-0.11%
ATHS	C	-0.11%
UNP	C	-0.11%
ARCC	A	-0.11%
BMO	A	-0.11%
DFS	B	-0.11%
LH	C	-0.11%
ORCL	B	-0.11%
VRSK	A	-0.1%
DLR	B	-0.1%
BMY	B	-0.1%
BIDU	F	-0.1%
WY	D	-0.1%
CNP	B	-0.1%
LNT	A	-0.1%
BKU	A	-0.1%
TRMB	B	-0.1%
INTU	C	-0.1%
MO	A	-0.1%
COST	B	-0.1%
SO	D	-0.1%
GS	A	-0.1%
LHX	C	-0.1%
V	A	-0.1%
VNT	B	-0.09%
IBM	C	-0.09%
THG	A	-0.09%
SBUX	A	-0.09%
MET	A	-0.09%
DHR	F	-0.09%
CARR	D	-0.09%
FHN	A	-0.09%
DIS	B	-0.09%
DTE	C	-0.09%
BXP	D	-0.09%
CMA	A	-0.09%
AGR	B	-0.09%
CL	D	-0.09%
HST	C	-0.09%
MCK	B	-0.09%
ADBE	C	-0.09%
FLO	D	-0.09%
LAZ	B	-0.09%
MLM	B	-0.09%
BNS	A	-0.09%
AON	A	-0.09%
FITB	A	-0.09%
AAPL	C	-0.09%
KMB	D	-0.08%
BR	A	-0.08%
ADSK	A	-0.08%
AWH	F	-0.08%
QCOM	F	-0.08%
LEA	D	-0.08%
HBAN	A	-0.08%
BDX	F	-0.08%
EBAY	D	-0.08%
CSL	C	-0.08%
CMS	C	-0.08%
KLAC	D	-0.08%
HP	B	-0.08%
H	B	-0.08%
UPS	C	-0.08%
CBOE	B	-0.08%
DSS	F	-0.08%
AMH	D	-0.08%
VLO	C	-0.08%
EW	C	-0.08%
DINO	D	-0.08%
KEYS	A	-0.08%
NDAQ	A	-0.08%
WHR	B	-0.08%
ROP	B	-0.08%
BRO	B	-0.08%
TT	A	-0.08%
SPGI	C	-0.08%
GIS	D	-0.08%
NFG	A	-0.08%
ORLY	B	-0.08%
JEF	A	-0.08%
BLK	C	-0.08%
MMM	D	-0.08%
MU	D	-0.08%
DUK	C	-0.08%
GLPI	C	-0.08%
SYF	B	-0.08%
D	C	-0.08%
ABBV	D	-0.08%
C	A	-0.08%
ADP	B	-0.07%
EMR	A	-0.07%
AVT	C	-0.07%
KMPR	B	-0.07%
NTAP	C	-0.07%
DHI	D	-0.07%
PPG	F	-0.07%
DGX	A	-0.07%
SBRA	C	-0.07%
WB	D	-0.07%
ALLE	D	-0.07%
BAX	D	-0.07%
CE	F	-0.07%
ITW	B	-0.07%
DOV	A	-0.07%
A	D	-0.07%
BKH	A	-0.07%
ESS	B	-0.07%
GSBD	F	-0.07%
PKG	A	-0.07%
FMC	D	-0.07%
NSC	B	-0.07%
TEL	B	-0.07%
MKC	D	-0.07%
USB	A	-0.07%
AWK	D	-0.07%
TXN	C	-0.07%
AMP	A	-0.07%
CUBE	D	-0.07%
HUBB	B	-0.07%
OTIS	C	-0.07%
CFG	B	-0.07%
MCO	B	-0.07%
STT	A	-0.07%
MDLZ	F	-0.07%
PEG	A	-0.07%
AXP	A	-0.07%
EPD	A	-0.07%
BABA	D	-0.07%
HSBC	B	-0.07%
ROK	B	-0.06%
SKT	B	-0.06%
REG	B	-0.06%
CPB	D	-0.06%
WAB	B	-0.06%
SCS	C	-0.06%
GL	B	-0.06%
BA	F	-0.06%
ECL	D	-0.06%
WPC	D	-0.06%
AL	B	-0.06%
WTW	B	-0.06%
TFC	A	-0.06%
PG	A	-0.06%
NNN	D	-0.06%
SITC	D	-0.05%
DT	C	-0.05%
EFX	F	-0.05%
RY	A	-0.05%
BK	A	-0.05%
AER	B	-0.05%
DLTR	F	-0.05%
AZO	C	-0.05%
ZTS	D	-0.05%
PDM	D	-0.04%
KIM	A	-0.04%
STLD	B	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	C	-0.04%
RNR	C	-0.04%
AIZ	A	-0.04%
RPM	A	-0.04%
EA	A	-0.04%
ARE	D	-0.04%
CMI	A	-0.04%
PGR	A	-0.04%
HII	D	-0.04%
AXS	A	-0.04%
HIW	D	-0.04%
AIG	B	-0.04%
CSX	B	-0.04%
AFL	B	-0.04%
HON	B	-0.04%
ES	D	-0.04%
MCD	D	-0.04%
MSI	B	-0.04%
MAR	B	-0.04%
KRC	C	-0.04%
SCHW	B	-0.04%
SHW	A	-0.04%
RSG	A	-0.04%
MSFT	F	-0.04%
DB	D	-0.04%
MA	C	-0.04%
AVGO	D	-0.04%
NEE	D	-0.04%
MS	A	-0.04%
FLS	B	-0.03%
SYK	C	-0.03%
GOOGL	C	-0.03%
FNF	B	-0.03%
HCA	F	-0.03%
PNC	B	-0.03%
VZ	C	-0.03%
PH	A	-0.02%
CTAS	B	-0.02%
BDN	C	-0.02%
MAA	B	-0.02%
EQR	B	-0.02%
PYPL	B	-0.02%
AVB	B	-0.02%
CLX	B	-0.02%
AVY	D	-0.02%
VTR	C	-0.02%
COF	B	-0.02%
AEP	D	-0.02%
MUFG	B	-0.02%
WMT	A	-0.02%
MMC	B	-0.01%
CP	D	-0.01%
EQIX	A	-0.0%
HD	A	-0.0%
OHI	C	-0.0%
PRU	A	-0.0%