PHEQ vs. LKOR ETF Comparison

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

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* 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

$43.00

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	PHEQ	LKOR
30 Days	1.99%	-0.56%
60 Days	3.02%	-5.06%
90 Days	3.86%	-3.66%
12 Months	16.61%	9.17%

55 Overlapping Holdings

Symbol	Grade	Weight in PHEQ	Weight in LKOR	Overlap
AAPL	C	6.85%	0.17%	0.17%
ABBV	D	0.85%	0.33%	0.33%
AEE	A	0.3%	0.24%	0.24%
AMGN	D	0.45%	0.23%	0.23%
AMZN	C	4.1%	0.18%	0.18%
APTV	D	0.14%	0.13%	0.13%
ARE	D	0.21%	0.18%	0.18%
AVGO	D	1.71%	0.2%	0.2%
BA	F	0.32%	0.37%	0.32%
BAC	A	0.98%	0.23%	0.23%
CAG	D	0.17%	0.24%	0.17%
CMS	C	0.31%	0.24%	0.24%
CPB	D	0.18%	0.18%	0.18%
CSCO	B	0.79%	0.23%	0.23%
DOV	A	0.33%	0.24%	0.24%
GLW	B	0.25%	0.1%	0.1%
GOOGL	C	2.28%	0.12%	0.12%
HAL	C	0.16%	0.14%	0.14%
HD	A	1.15%	0.19%	0.19%
HIG	B	0.33%	0.2%	0.2%
IBM	C	0.56%	0.23%	0.23%
IFF	D	0.16%	0.12%	0.12%
JNJ	D	1.04%	0.12%	0.12%
JPM	A	1.73%	0.09%	0.09%
KLAC	D	0.34%	0.2%	0.2%
KMB	D	0.33%	0.26%	0.26%
KO	D	0.77%	0.19%	0.19%
LH	C	0.31%	0.23%	0.23%
LMT	D	0.58%	0.24%	0.24%
LNT	A	0.33%	0.4%	0.33%
LOW	D	0.57%	0.25%	0.25%
LYB	F	0.22%	0.23%	0.22%
MA	C	1.14%	0.22%	0.22%
MKL	A	0.23%	0.24%	0.23%
MMM	D	0.44%	0.26%	0.26%
MRO	B	0.24%	0.22%	0.22%
MS	A	0.39%	0.14%	0.14%
MSFT	F	6.55%	0.1%	0.1%
NDAQ	A	0.24%	0.19%	0.19%
NEM	D	0.23%	0.24%	0.23%
NVDA	C	7.12%	0.21%	0.21%
ORCL	B	0.73%	0.25%	0.25%
OTIS	C	0.33%	0.1%	0.1%
PRU	A	0.37%	0.11%	0.11%
REGN	F	0.21%	0.17%	0.17%
RPRX	D	0.04%	0.09%	0.04%
SCCO	F	0.07%	0.64%	0.07%
T	A	0.68%	0.09%	0.09%
TXN	C	0.59%	0.23%	0.23%
UNH	C	1.37%	0.16%	0.16%
UNP	C	0.52%	0.16%	0.16%
V	A	1.28%	0.4%	0.4%
WFC	A	0.67%	0.25%	0.25%
WRB	A	0.21%	0.23%	0.21%
XOM	B	1.4%	0.12%	0.12%

PHEQ Overweight 148 Positions Relative to LKOR

Symbol	Grade	Weight
META	D	2.66%
TSLA	B	1.91%
GOOG	C	1.9%
BRK.A	B	1.42%
LLY	F	1.39%
PG	A	1.09%
COST	B	1.07%
WMT	A	0.96%
CVX	A	0.84%
NFLX	A	0.8%
PEP	F	0.72%
MRK	F	0.69%
LIN	D	0.67%
CRM	B	0.63%
NOW	A	0.61%
ABT	B	0.6%
TMO	F	0.59%
ISRG	A	0.58%
DIS	B	0.57%
AXP	A	0.57%
CAT	B	0.55%
AMD	F	0.51%
MDT	D	0.51%
TMUS	B	0.51%
BMY	B	0.48%
ADBE	C	0.48%
TRGP	B	0.46%
KKR	A	0.46%
DE	A	0.44%
WM	A	0.44%
CTAS	B	0.42%
ETR	B	0.4%
TRV	B	0.39%
DAL	C	0.39%
BKNG	A	0.39%
PLTR	B	0.36%
VRTX	F	0.36%
HWM	A	0.36%
AVB	B	0.35%
SCHW	B	0.35%
PPL	B	0.34%
K	A	0.34%
RSG	A	0.34%
YUM	B	0.33%
QCOM	F	0.33%
EQR	B	0.32%
EXR	D	0.32%
ROST	C	0.32%
MU	D	0.31%
BRO	B	0.31%
HBAN	A	0.31%
DTE	C	0.31%
PANW	C	0.3%
DRI	B	0.3%
COR	B	0.3%
PHM	D	0.3%
APO	B	0.3%
UBER	D	0.29%
DOC	D	0.29%
LRCX	F	0.29%
CNP	B	0.28%
AME	A	0.28%
PYPL	B	0.28%
SYF	B	0.27%
MAA	B	0.27%
CFG	B	0.26%
MRVL	B	0.25%
MELI	D	0.25%
LII	A	0.25%
ARES	A	0.25%
L	A	0.24%
FE	C	0.24%
URI	B	0.24%
JBHT	C	0.24%
RMD	C	0.24%
FANG	D	0.24%
ULTA	F	0.23%
EXPD	D	0.23%
LNG	B	0.22%
HEI	B	0.22%
SSNC	B	0.21%
AMCR	D	0.21%
LULU	C	0.21%
PFG	D	0.2%
MSTR	C	0.2%
ESS	B	0.19%
SPOT	B	0.19%
TTD	B	0.18%
ZM	B	0.18%
PPG	F	0.18%
WBD	C	0.18%
CSL	C	0.18%
CRWD	B	0.17%
DVN	F	0.17%
AKAM	D	0.16%
ABNB	C	0.15%
MOH	F	0.14%
NDSN	B	0.14%
HEI	B	0.14%
ZBH	C	0.14%
ON	D	0.14%
DELL	C	0.14%
HUBS	A	0.14%
MGM	D	0.13%
WDAY	B	0.13%
DASH	A	0.13%
HUBB	B	0.13%
DDOG	A	0.13%
ALNY	D	0.13%
FCNCA	A	0.13%
SQ	B	0.12%
RBLX	C	0.12%
BAH	F	0.12%
COIN	C	0.12%
TW	A	0.11%
STLD	B	0.11%
IBKR	A	0.11%
VRT	B	0.1%
VEEV	C	0.1%
SUI	D	0.1%
DOX	D	0.09%
TRU	D	0.09%
BLDR	D	0.08%
ZS	C	0.08%
NET	B	0.07%
AGR	B	0.07%
YUMC	C	0.07%
DKNG	B	0.07%
SNOW	C	0.06%
ALGN	D	0.06%
AVTR	F	0.06%
TEAM	A	0.06%
SNAP	C	0.05%
LPLA	A	0.05%
CE	F	0.05%
OWL	A	0.05%
ILMN	D	0.05%
OKTA	C	0.04%
WLK	D	0.04%
BSY	D	0.04%
CPNG	D	0.03%
PINS	D	0.03%
SIRI	C	0.03%
ENPH	F	0.03%
RKT	F	0.03%
WSM	B	0.02%
WMG	C	0.02%
MRNA	F	0.01%

PHEQ Underweight 108 Positions Relative to LKOR

Symbol	Grade	Weight
PM	B	-0.7%
ACGL	D	-0.55%
DUK	C	-0.5%
HSBC	B	-0.48%
FITB	A	-0.39%
KOF	F	-0.37%
INTC	D	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
GILD	C	-0.35%
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%
JEF	A	-0.26%
NOC	D	-0.26%
CHTR	C	-0.26%
HON	B	-0.25%
WEC	A	-0.24%
MMC	B	-0.24%
GWW	B	-0.24%
BHP	F	-0.24%
CMCSA	B	-0.24%
HCA	F	-0.24%
KDP	D	-0.24%
HPQ	B	-0.24%
OKE	A	-0.24%
FOXA	B	-0.24%
PGR	A	-0.23%
MCK	B	-0.23%
AIG	B	-0.23%
ATO	A	-0.23%
BDX	F	-0.23%
SBUX	A	-0.23%
D	C	-0.23%
EXC	C	-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%
PAA	B	-0.2%
MO	A	-0.2%
STZ	D	-0.19%
ZTS	D	-0.19%
CCI	D	-0.19%
KMI	A	-0.19%
LEA	D	-0.18%
EBAY	D	-0.18%
AIZ	A	-0.18%
EPD	A	-0.18%
VZ	C	-0.18%
SPGI	C	-0.16%
MET	A	-0.14%
JCI	C	-0.13%
EFX	F	-0.13%
HAS	D	-0.13%
AON	A	-0.13%
GM	B	-0.13%
TT	A	-0.12%
WELL	A	-0.12%
VTR	C	-0.12%
EMR	A	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
NSC	B	-0.12%
MCO	B	-0.12%
CSX	B	-0.12%
MCD	D	-0.12%
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%
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%
MDLZ	F	-0.09%
EA	A	-0.09%
BIIB	F	-0.09%
PCG	A	-0.09%
HUM	C	-0.07%
ITW	B	-0.06%
SIGI	C	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%
ALL	A	-0.04%