LKOR vs. FHEQ ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to Fidelity Hedged Equity ETF (FHEQ)

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

$43.00

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	FHEQ
30 Days	-0.56%	2.51%
60 Days	-5.06%	3.80%
90 Days	-3.66%	4.54%
12 Months	9.17%

47 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in FHEQ	Overlap
AAPL	C	0.17%	7.31%	0.17%
ABBV	D	0.33%	1.0%	0.33%
ALL	A	0.04%	0.07%	0.04%
AMGN	D	0.23%	0.24%	0.23%
AMT	D	0.27%	0.24%	0.24%
AMZN	C	0.18%	3.64%	0.18%
AVGO	D	0.2%	1.49%	0.2%
BAC	A	0.23%	1.17%	0.23%
BDX	F	0.23%	0.59%	0.23%
BIIB	F	0.09%	0.21%	0.09%
C	A	0.21%	0.54%	0.21%
CAH	B	0.31%	0.4%	0.31%
CMCSA	B	0.24%	0.83%	0.24%
CSCO	B	0.23%	0.79%	0.23%
CSX	B	0.12%	0.43%	0.12%
CVS	D	0.36%	0.22%	0.22%
GILD	C	0.35%	0.73%	0.35%
GOOGL	C	0.12%	2.02%	0.12%
HD	A	0.19%	1.32%	0.19%
JNJ	D	0.12%	0.61%	0.12%
JPM	A	0.09%	1.82%	0.09%
KLAC	D	0.2%	0.54%	0.2%
LHX	C	0.05%	0.23%	0.05%
LMT	D	0.24%	0.69%	0.24%
MA	C	0.22%	1.34%	0.22%
MDLZ	F	0.09%	0.07%	0.07%
MKL	A	0.24%	0.09%	0.09%
MMC	B	0.24%	0.52%	0.24%
MMM	D	0.26%	0.22%	0.22%
MS	A	0.14%	0.16%	0.14%
MSFT	F	0.1%	5.64%	0.1%
NOC	D	0.26%	0.56%	0.26%
NSC	B	0.12%	0.26%	0.12%
NVDA	C	0.21%	7.27%	0.21%
ORCL	B	0.25%	0.04%	0.04%
PGR	A	0.23%	0.63%	0.23%
PM	B	0.7%	0.92%	0.7%
SCCO	F	0.64%	0.04%	0.04%
SPGI	C	0.16%	0.28%	0.16%
T	A	0.09%	0.67%	0.09%
TT	A	0.12%	0.69%	0.12%
UNH	C	0.16%	0.57%	0.16%
UNP	C	0.16%	0.73%	0.16%
V	A	0.4%	0.47%	0.4%
VZ	C	0.18%	0.18%	0.18%
WFC	A	0.25%	0.15%	0.15%
XOM	B	0.12%	1.54%	0.12%

LKOR Overweight 116 Positions Relative to FHEQ

Symbol	Grade	Weight
ACGL	D	0.55%
DUK	C	0.5%
HSBC	B	0.48%
LNT	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%
DOW	F	0.32%
CP	D	0.29%
NNN	D	0.29%
ED	D	0.29%
AEP	D	0.28%
RF	A	0.28%
TEL	B	0.28%
KMB	D	0.26%
JEF	A	0.26%
CHTR	C	0.26%
HON	B	0.25%
LOW	D	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%
HCA	F	0.24%
DOV	A	0.24%
KDP	D	0.24%
HPQ	B	0.24%
OKE	A	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%
SBUX	A	0.23%
D	C	0.23%
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%
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%
KMI	A	0.19%
LEA	D	0.18%
EBAY	D	0.18%
CPB	D	0.18%
AIZ	A	0.18%
ARE	D	0.18%
EPD	A	0.18%
REGN	F	0.17%
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%
WELL	A	0.12%
IFF	D	0.12%
VTR	C	0.12%
EMR	A	0.12%
IPG	D	0.12%
AFL	B	0.12%
MCO	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%
EA	A	0.09%
RPRX	D	0.09%
PCG	A	0.09%
HUM	C	0.07%
ITW	B	0.06%
SIGI	C	0.06%
FTV	C	0.05%

LKOR Underweight 121 Positions Relative to FHEQ

Symbol	Grade	Weight
META	D	-2.87%
BRK.A	B	-2.19%
GOOG	C	-1.74%
TSLA	B	-1.26%
NFLX	A	-1.26%
CRM	B	-1.09%
ADBE	C	-0.93%
PG	A	-0.87%
QCOM	F	-0.84%
WMT	A	-0.8%
LLY	F	-0.76%
NEE	D	-0.73%
TJX	A	-0.73%
AMAT	F	-0.7%
MRK	F	-0.69%
BMY	B	-0.68%
CTAS	B	-0.66%
CI	F	-0.63%
ECL	D	-0.62%
SQ	B	-0.59%
CL	D	-0.58%
DIS	B	-0.57%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
ALRM	C	-0.4%
WM	A	-0.38%
CME	A	-0.37%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
GRMN	B	-0.31%
CACI	D	-0.3%
TMUS	B	-0.29%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
MSI	B	-0.26%
TMO	F	-0.26%
IDXX	F	-0.26%
FTNT	C	-0.24%
BLK	C	-0.23%
TROW	B	-0.23%
LRCX	F	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
XEL	A	-0.21%
RSG	A	-0.2%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
DOCU	A	-0.18%
HLT	A	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
ADP	B	-0.16%
WDAY	B	-0.16%
SPG	B	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
DASH	A	-0.12%
VEEV	C	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
BAH	F	-0.09%
ANET	C	-0.08%
DOC	D	-0.08%
BCC	B	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
QGEN	D	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%