FTQI vs. LKOR ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.39

Average Daily Volume

116,392

Number of Holdings ^*

194

* 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

$45.59

Average Daily Volume

9,293

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	LKOR
30 Days	2.55%	1.94%
60 Days	3.27%	6.25%
90 Days	1.85%	8.44%
12 Months	20.52%	19.58%

24 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in LKOR	Overlap
AAPL	C	9.22%	0.17%	0.17%
ABBV	B	0.2%	0.33%	0.2%
ACGL	B	0.06%	0.55%	0.06%
AMT	C	0.33%	0.27%	0.27%
AMZN	C	4.32%	0.18%	0.18%
AVGO	C	4.42%	0.2%	0.2%
CSCO	B	1.41%	0.23%	0.23%
EBAY	B	0.18%	0.18%	0.18%
FITB	B	0.15%	0.39%	0.15%
GOOGL	D	1.77%	0.12%	0.12%
LNT	A	0.48%	0.4%	0.4%
LOW	B	0.12%	0.25%	0.12%
MSFT	C	8.53%	0.1%	0.1%
NDAQ	C	0.34%	0.19%	0.19%
NVDA	C	4.62%	0.21%	0.21%
ORCL	B	0.69%	0.25%	0.25%
PGR	C	0.14%	0.23%	0.14%
REG	C	0.17%	0.11%	0.11%
RPRX	C	0.14%	0.09%	0.09%
SPGI	C	0.63%	0.16%	0.16%
TXN	B	1.6%	0.23%	0.23%
V	C	0.22%	0.4%	0.22%
WTW	B	0.15%	0.1%	0.1%
XOM	D	0.14%	0.12%	0.12%

FTQI Overweight 170 Positions Relative to LKOR

Symbol	Grade	Weight
META	B	4.39%
COST	C	2.64%
TSLA	C	2.33%
NFLX	B	2.07%
AMD	C	1.77%
GOOG	D	1.76%
PEP	D	1.6%
ADBE	F	1.54%
TMUS	B	1.51%
QCOM	D	1.26%
INTU	D	1.26%
LIN	B	1.25%
EQIX	B	1.23%
LLY	D	1.13%
CME	B	0.92%
NTAP	D	0.81%
CHKP	B	0.8%
OTTR	F	0.54%
APH	C	0.54%
UFPI	C	0.53%
MGEE	C	0.51%
CRM	C	0.48%
PTC	C	0.48%
DUOL	C	0.42%
NOW	C	0.42%
ICLR	F	0.42%
STX	B	0.41%
TYL	C	0.39%
CASY	D	0.39%
WFRD	F	0.38%
A	C	0.38%
BGC	D	0.37%
WMT	B	0.36%
SNY	B	0.35%
ZBRA	B	0.35%
MEDP	F	0.34%
APA	F	0.34%
CG	C	0.33%
MPWR	B	0.33%
SBAC	C	0.31%
BCPC	C	0.3%
ANET	C	0.3%
PAGP	D	0.3%
TRMD	D	0.3%
ERIE	B	0.29%
TSCO	B	0.28%
MORN	C	0.27%
EVRG	B	0.25%
OLED	D	0.24%
PTEN	F	0.24%
WWD	C	0.24%
NBIX	F	0.23%
EWBC	C	0.23%
BMRN	F	0.23%
PNFP	C	0.22%
CL	C	0.22%
PCVX	C	0.22%
IESC	B	0.22%
APP	C	0.22%
MKSI	F	0.21%
CYBR	B	0.21%
UMBF	C	0.21%
OLLI	C	0.2%
ASND	C	0.2%
MTSI	C	0.2%
MANH	B	0.2%
COKE	C	0.2%
STRL	C	0.2%
VRNS	B	0.2%
LITE	B	0.19%
HALO	D	0.19%
FFIV	B	0.19%
BNTX	C	0.19%
MSI	B	0.19%
ICUI	C	0.19%
DOX	C	0.18%
SSNC	C	0.18%
EXPE	C	0.18%
SAIA	D	0.18%
PODD	C	0.18%
RVMD	C	0.18%
IDCC	B	0.18%
NOVT	D	0.18%
HOOD	C	0.17%
QRVO	F	0.17%
EXAS	D	0.17%
NTRA	C	0.17%
CHRW	B	0.17%
UTHR	B	0.17%
POOL	C	0.16%
TRMB	C	0.16%
ULTA	D	0.16%
SOFI	D	0.16%
TWST	D	0.16%
NTRS	C	0.16%
XRAY	D	0.16%
AXON	B	0.16%
VKTX	D	0.16%
INCY	C	0.16%
ZION	D	0.15%
CHDN	D	0.15%
ACHC	D	0.15%
CYTK	F	0.15%
LNTH	D	0.15%
JBHT	D	0.15%
JAZZ	D	0.15%
LSTR	D	0.15%
CINF	C	0.15%
ITRI	C	0.15%
ENSG	D	0.15%
TECH	C	0.15%
HBAN	B	0.15%
TTEK	C	0.15%
BSY	C	0.15%
MUSA	D	0.15%
ARGX	B	0.15%
FCNCA	D	0.15%
MTD	C	0.14%
MIDD	C	0.14%
AAON	B	0.14%
ACLS	F	0.14%
APLS	F	0.14%
WIX	C	0.14%
UPST	C	0.14%
MDGL	F	0.14%
AXP	B	0.14%
LECO	D	0.14%
ALNY	C	0.14%
RMD	C	0.14%
TMDX	C	0.14%
MRUS	D	0.14%
CAT	B	0.14%
GH	F	0.14%
ETN	C	0.13%
FRPT	C	0.13%
UFPT	D	0.13%
LEGN	F	0.13%
KRYS	D	0.13%
RGLD	C	0.13%
COIN	F	0.13%
SRPT	F	0.13%
VEEV	C	0.13%
LANC	F	0.12%
VMC	C	0.12%
PH	B	0.12%
SHOO	B	0.12%
WAT	B	0.12%
MKTX	D	0.12%
GE	C	0.12%
DJT	F	0.11%
MASI	C	0.11%
LOGI	D	0.11%
TROW	C	0.1%
SFM	B	0.1%
HOLX	D	0.1%
WM	D	0.1%
CRVL	B	0.09%
MMYT	D	0.09%
CVLT	B	0.08%
BL	D	0.08%
DOCU	C	0.07%
CSWI	B	0.06%
TW	B	0.05%
OKTA	F	0.05%
GEV	B	0.04%
CVCO	B	0.04%
NWSA	D	0.04%
RXST	D	0.02%
RGEN	F	0.02%
REYN	C	0.01%

FTQI Underweight 139 Positions Relative to LKOR

Symbol	Grade	Weight
PM	C	-0.7%
SCCO	C	-0.64%
DUK	B	-0.5%
HSBC	B	-0.48%
KOF	D	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
HPE	C	-0.37%
NI	B	-0.37%
CVS	D	-0.36%
GILD	B	-0.35%
DOW	C	-0.32%
CAH	C	-0.31%
CP	C	-0.29%
NNN	B	-0.29%
ED	B	-0.29%
AEP	C	-0.28%
RF	B	-0.28%
TEL	D	-0.28%
KMB	C	-0.26%
JEF	C	-0.26%
MMM	B	-0.26%
NOC	B	-0.26%
CHTR	D	-0.26%
HON	C	-0.25%
WFC	D	-0.25%
CAG	B	-0.24%
AEE	B	-0.24%
NEM	C	-0.24%
WEC	B	-0.24%
CMS	B	-0.24%
MMC	C	-0.24%
GWW	B	-0.24%
BHP	C	-0.24%
CMCSA	C	-0.24%
HCA	B	-0.24%
DOV	B	-0.24%
KDP	B	-0.24%
HPQ	C	-0.24%
MKL	C	-0.24%
OKE	C	-0.24%
LMT	A	-0.24%
FOXA	B	-0.24%
LH	D	-0.23%
LYB	D	-0.23%
IBM	B	-0.23%
MCK	F	-0.23%
AIG	D	-0.23%
WRB	D	-0.23%
ATO	B	-0.23%
BDX	D	-0.23%
SBUX	C	-0.23%
AMGN	D	-0.23%
BAC	D	-0.23%
D	C	-0.23%
MA	B	-0.22%
EXC	B	-0.22%
MRO	D	-0.22%
VMI	C	-0.22%
EL	D	-0.21%
SRE	B	-0.21%
GS	B	-0.21%
SHW	B	-0.21%
EIX	B	-0.21%
C	C	-0.21%
KLAC	D	-0.2%
EG	B	-0.2%
HIG	B	-0.2%
PAA	D	-0.2%
MO	C	-0.2%
STZ	C	-0.19%
ZTS	B	-0.19%
KO	B	-0.19%
CCI	C	-0.19%
KMI	C	-0.19%
HD	B	-0.19%
LEA	D	-0.18%
CPB	C	-0.18%
AIZ	B	-0.18%
ARE	C	-0.18%
EPD	C	-0.18%
VZ	A	-0.18%
REGN	D	-0.17%
UNP	D	-0.16%
UNH	C	-0.16%
HAL	F	-0.14%
MS	B	-0.14%
MET	B	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
EFX	C	-0.13%
HAS	B	-0.13%
AON	B	-0.13%
GM	C	-0.13%
TT	B	-0.12%
WELL	C	-0.12%
IFF	A	-0.12%
VTR	C	-0.12%
EMR	D	-0.12%
IPG	C	-0.12%
AFL	A	-0.12%
NSC	C	-0.12%
MCO	C	-0.12%
JNJ	C	-0.12%
CSX	C	-0.12%
MCD	B	-0.12%
PRU	C	-0.11%
BWA	C	-0.11%
MLM	D	-0.11%
CHD	C	-0.11%
DG	F	-0.11%
RJF	C	-0.11%
OC	C	-0.11%
MAS	B	-0.11%
FMC	B	-0.11%
SO	B	-0.11%
BABA	B	-0.11%
OTIS	B	-0.1%
VRSK	D	-0.1%
KIM	C	-0.1%
SJM	C	-0.1%
DHR	B	-0.1%
WBA	F	-0.1%
ELV	D	-0.1%
RPM	B	-0.1%
BHF	F	-0.1%
GLW	B	-0.1%
MDLZ	C	-0.09%
EA	D	-0.09%
BIIB	F	-0.09%
PCG	C	-0.09%
JPM	D	-0.09%
T	B	-0.09%
HUM	F	-0.07%
ITW	B	-0.06%
SIGI	D	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%
ALL	C	-0.04%