LKOR vs. IEDI ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

$45.64

Average Daily Volume

9,470

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.83

Average Daily Volume

3,087

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	IEDI
30 Days	3.31%	3.76%
60 Days	4.11%	7.82%
90 Days	8.25%	7.87%
12 Months	22.24%	36.61%

18 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in IEDI	Overlap
AAPL	C	0.17%	0.14%	0.14%
AMZN	C	0.18%	7.95%	0.18%
DG	F	0.11%	0.68%	0.11%
EBAY	A	0.18%	0.21%	0.18%
GWW	A	0.24%	0.23%	0.23%
HD	A	0.19%	12.26%	0.19%
HON	B	0.25%	0.05%	0.05%
IPG	C	0.12%	0.08%	0.08%
LOW	A	0.25%	4.23%	0.25%
MA	A	0.22%	0.38%	0.22%
MAS	A	0.11%	0.13%	0.11%
MCD	A	0.12%	1.65%	0.12%
MCK	F	0.23%	0.16%	0.16%
SBUX	B	0.23%	1.84%	0.23%
STZ	B	0.19%	0.33%	0.19%
V	C	0.4%	0.74%	0.4%
WBA	F	0.1%	0.08%	0.08%
ZTS	B	0.19%	0.02%	0.02%

LKOR Overweight 145 Positions Relative to IEDI

Symbol	Grade	Weight
PM	B	0.7%
SCCO	B	0.64%
ACGL	A	0.55%
DUK	B	0.5%
HSBC	C	0.48%
LNT	A	0.4%
FITB	C	0.39%
KOF	D	0.37%
INTC	D	0.37%
BA	F	0.37%
HPE	C	0.37%
NI	A	0.37%
CVS	D	0.36%
GILD	A	0.35%
ABBV	A	0.33%
DOW	B	0.32%
CAH	B	0.31%
CP	C	0.29%
NNN	A	0.29%
ED	A	0.29%
AEP	B	0.28%
RF	C	0.28%
TEL	D	0.28%
AMT	C	0.27%
KMB	B	0.26%
JEF	B	0.26%
MMM	B	0.26%
NOC	B	0.26%
CHTR	D	0.26%
ORCL	C	0.25%
WFC	D	0.25%
CAG	B	0.24%
AEE	A	0.24%
NEM	C	0.24%
WEC	A	0.24%
CMS	A	0.24%
MMC	D	0.24%
BHP	B	0.24%
CMCSA	B	0.24%
HCA	A	0.24%
DOV	C	0.24%
KDP	C	0.24%
HPQ	C	0.24%
MKL	B	0.24%
OKE	C	0.24%
LMT	A	0.24%
FOXA	A	0.24%
LH	D	0.23%
LYB	D	0.23%
PGR	C	0.23%
IBM	C	0.23%
AIG	F	0.23%
TXN	C	0.23%
WRB	B	0.23%
ATO	A	0.23%
BDX	B	0.23%
AMGN	D	0.23%
CSCO	A	0.23%
BAC	D	0.23%
D	A	0.23%
EXC	A	0.22%
MRO	D	0.22%
VMI	B	0.22%
EL	D	0.21%
NVDA	C	0.21%
SRE	A	0.21%
GS	D	0.21%
SHW	B	0.21%
EIX	A	0.21%
C	B	0.21%
KLAC	D	0.2%
EG	B	0.2%
HIG	A	0.2%
AVGO	C	0.2%
PAA	D	0.2%
MO	B	0.2%
NDAQ	C	0.19%
KO	B	0.19%
CCI	A	0.19%
KMI	A	0.19%
LEA	F	0.18%
CPB	D	0.18%
AIZ	A	0.18%
ARE	D	0.18%
EPD	B	0.18%
VZ	A	0.18%
REGN	D	0.17%
SPGI	C	0.16%
UNP	C	0.16%
UNH	B	0.16%
HAL	F	0.14%
MS	B	0.14%
MET	A	0.14%
JCI	B	0.13%
APTV	D	0.13%
EFX	D	0.13%
HAS	A	0.13%
AON	A	0.13%
GM	D	0.13%
XOM	B	0.12%
TT	A	0.12%
WELL	B	0.12%
IFF	C	0.12%
VTR	B	0.12%
GOOGL	C	0.12%
EMR	B	0.12%
AFL	A	0.12%
NSC	B	0.12%
MCO	C	0.12%
JNJ	C	0.12%
CSX	D	0.12%
PRU	C	0.11%
BWA	C	0.11%
MLM	D	0.11%
CHD	B	0.11%
REG	B	0.11%
RJF	B	0.11%
OC	B	0.11%
FMC	B	0.11%
SO	A	0.11%
BABA	A	0.11%
OTIS	A	0.1%
VRSK	D	0.1%
KIM	C	0.1%
SJM	B	0.1%
DHR	B	0.1%
ELV	F	0.1%
RPM	C	0.1%
BHF	F	0.1%
WTW	A	0.1%
GLW	C	0.1%
MSFT	C	0.1%
MDLZ	C	0.09%
EA	D	0.09%
BIIB	F	0.09%
RPRX	B	0.09%
PCG	B	0.09%
JPM	D	0.09%
T	A	0.09%
HUM	F	0.07%
ITW	B	0.06%
SIGI	D	0.06%
LHX	A	0.05%
FTV	B	0.05%
ALL	C	0.04%

LKOR Underweight 182 Positions Relative to IEDI

Symbol	Grade	Weight
COST	C	-8.74%
WMT	A	-7.6%
TJX	C	-4.06%
CMG	C	-3.38%
ORLY	A	-2.44%
ROST	C	-2.1%
TGT	C	-2.09%
NKE	D	-1.57%
AZO	D	-1.48%
MAR	B	-1.14%
HLT	B	-1.06%
UBER	C	-1.02%
TSCO	A	-1.01%
KR	B	-0.96%
ULTA	D	-0.87%
CTAS	C	-0.86%
YUM	B	-0.81%
DASH	B	-0.77%
DRI	C	-0.75%
BURL	D	-0.69%
WSM	C	-0.63%
META	A	-0.59%
WING	B	-0.55%
DLTR	F	-0.54%
DKS	D	-0.54%
DECK	C	-0.54%
PG	C	-0.53%
FERG	F	-0.53%
INTU	F	-0.49%
CASY	D	-0.46%
DPZ	D	-0.45%
TXRH	B	-0.44%
SQ	D	-0.43%
ABNB	D	-0.43%
RCL	C	-0.43%
FND	B	-0.41%
PYPL	B	-0.38%
SFM	A	-0.36%
CPRT	B	-0.36%
BBY	B	-0.33%
SYY	B	-0.33%
KMX	D	-0.33%
DIS	D	-0.31%
CVNA	A	-0.29%
DKNG	D	-0.29%
BJ	D	-0.28%
PLNT	C	-0.27%
CHDN	D	-0.26%
CAVA	C	-0.26%
USFD	C	-0.24%
OLLI	C	-0.24%
EXPE	B	-0.24%
BBWI	F	-0.24%
TPR	B	-0.22%
FAST	C	-0.21%
MUSA	D	-0.21%
CROX	C	-0.2%
FIVE	D	-0.2%
LAD	B	-0.2%
PFGC	B	-0.2%
CCL	C	-0.19%
RH	C	-0.19%
GAP	F	-0.18%
WH	C	-0.18%
POOL	B	-0.18%
ASO	D	-0.17%
HRB	C	-0.17%
LUV	C	-0.17%
MGM	D	-0.17%
BOOT	B	-0.17%
GDDY	D	-0.16%
LYV	A	-0.16%
UPS	D	-0.16%
MTN	D	-0.15%
HST	D	-0.15%
TOL	A	-0.15%
TOST	B	-0.15%
ACI	F	-0.15%
FDX	D	-0.14%
AN	B	-0.14%
ARMK	B	-0.14%
SKX	C	-0.14%
TPX	B	-0.14%
CZR	C	-0.14%
TSN	D	-0.14%
NCLH	C	-0.13%
PINS	D	-0.13%
RL	B	-0.13%
KTB	B	-0.13%
ABG	D	-0.12%
SIG	C	-0.12%
CPRI	C	-0.12%
FRPT	C	-0.12%
M	F	-0.12%
W	D	-0.12%
EAT	A	-0.12%
CL	D	-0.11%
NFLX	C	-0.11%
ELF	F	-0.11%
BYD	C	-0.11%
Z	C	-0.11%
GPC	D	-0.11%
SCI	C	-0.11%
AEO	C	-0.11%
SHOO	A	-0.11%
WYNN	B	-0.11%
SHAK	C	-0.11%
ANF	D	-0.1%
H	C	-0.1%
CHH	C	-0.1%
VVV	D	-0.1%
PH	B	-0.1%
BFAM	C	-0.1%
VFC	B	-0.1%
DHI	B	-0.09%
URBN	F	-0.09%
LULU	D	-0.09%
VICI	C	-0.09%
WEN	C	-0.09%
CRI	D	-0.09%
SITE	D	-0.09%
DUOL	B	-0.09%
PZZA	D	-0.08%
FCFS	D	-0.08%
RHP	C	-0.08%
JWN	D	-0.08%
FLO	C	-0.08%
LNW	F	-0.07%
RRR	D	-0.07%
TNL	B	-0.07%
FL	F	-0.07%
GME	D	-0.07%
KSS	D	-0.07%
UAL	B	-0.07%
ETSY	F	-0.07%
ALK	B	-0.07%
MSGS	B	-0.06%
GO	F	-0.06%
MTCH	C	-0.06%
COLM	B	-0.06%
AAP	F	-0.06%
LANC	F	-0.06%
CAKE	B	-0.06%
LYFT	D	-0.06%
SNAP	D	-0.06%
VAC	D	-0.05%
RHI	D	-0.05%
HGV	F	-0.05%
INVH	D	-0.05%
COTY	F	-0.05%
IAC	C	-0.05%
MAT	C	-0.05%
ROL	B	-0.05%
APLE	D	-0.04%
MSM	D	-0.04%
CBRL	D	-0.04%
TKO	C	-0.04%
AAL	D	-0.04%
BLMN	F	-0.04%
IPAR	D	-0.03%
UHAL	A	-0.03%
JACK	F	-0.03%
DDS	D	-0.03%
TTWO	F	-0.03%
CHE	B	-0.03%
HOOD	C	-0.03%
GIS	B	-0.03%
OMC	A	-0.03%
FOUR	B	-0.03%
PRKS	D	-0.03%
PVH	F	-0.02%
CAR	D	-0.02%
MIDD	D	-0.02%
OXM	F	-0.02%
PK	D	-0.02%
CLX	B	-0.02%
DRVN	C	-0.02%
BLD	C	-0.02%
LOPE	D	-0.02%
MKC	B	-0.02%
VSTS	D	-0.02%
SNA	B	-0.01%