QARP vs. SKOR ETF Comparison

Comparison of Xtrackers Russell 1000 US QARP ETF (QARP) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.85

Average Daily Volume

3,299

Number of Holdings ^*

345

* 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	QARP	SKOR
30 Days	3.81%	-0.31%
60 Days	3.83%	-1.61%
90 Days	5.70%	-0.51%
12 Months	26.96%	7.12%

112 Overlapping Holdings

Symbol	Grade	Weight in QARP	Weight in SKOR	Overlap
A	D	0.09%	0.07%	0.07%
AAPL	C	4.93%	0.09%	0.09%
ABBV	D	0.02%	0.08%	0.02%
ADBE	C	0.87%	0.09%	0.09%
ADI	D	0.08%	0.15%	0.08%
ADP	B	0.21%	0.07%	0.07%
ADSK	A	0.06%	0.08%	0.06%
AMCR	D	0.03%	0.12%	0.03%
AMGN	D	0.03%	0.11%	0.03%
AMZN	C	3.85%	0.11%	0.11%
AON	A	0.34%	0.09%	0.09%
ATO	A	0.08%	0.17%	0.08%
AZO	C	0.33%	0.05%	0.05%
BMY	B	0.62%	0.1%	0.1%
BWA	D	0.06%	0.13%	0.06%
CBOE	B	0.08%	0.08%	0.08%
CE	F	0.02%	0.07%	0.02%
CHTR	C	0.13%	0.2%	0.13%
CI	F	0.55%	0.14%	0.14%
CL	D	0.22%	0.09%	0.09%
CLX	B	0.07%	0.02%	0.02%
CMCSA	B	0.86%	0.14%	0.14%
CMI	A	0.26%	0.04%	0.04%
CNP	B	0.04%	0.1%	0.04%
COF	B	0.16%	0.02%	0.02%
COST	B	2.35%	0.1%	0.1%
CPB	D	0.02%	0.06%	0.02%
CSCO	B	1.97%	0.04%	0.04%
CSL	C	0.05%	0.08%	0.05%
CSX	B	0.06%	0.04%	0.04%
CTAS	B	0.08%	0.02%	0.02%
CVS	D	0.19%	0.16%	0.16%
DGX	A	0.03%	0.07%	0.03%
DHI	D	0.31%	0.07%	0.07%
DINO	D	0.02%	0.08%	0.02%
DLTR	F	0.07%	0.05%	0.05%
DOW	F	0.07%	0.17%	0.07%
EA	A	0.21%	0.04%	0.04%
EBAY	D	0.09%	0.08%	0.08%
ELV	F	0.46%	0.18%	0.18%
EW	C	0.06%	0.08%	0.06%
FOXA	B	0.03%	0.25%	0.03%
GILD	C	0.32%	0.13%	0.13%
GIS	D	0.09%	0.08%	0.08%
GLPI	C	0.03%	0.08%	0.03%
GM	B	0.24%	0.2%	0.2%
GOOGL	C	2.38%	0.03%	0.03%
HCA	F	0.26%	0.03%	0.03%
HD	A	1.98%	0.0%	0.0%
HII	D	0.02%	0.04%	0.02%
HPQ	B	0.08%	0.07%	0.07%
HST	C	0.03%	0.09%	0.03%
HUM	C	0.32%	0.12%	0.12%
INTC	D	0.08%	0.12%	0.08%
ITW	B	0.31%	0.07%	0.07%
JBHT	C	0.05%	0.12%	0.05%
JNJ	D	2.35%	0.18%	0.18%
K	A	0.06%	0.11%	0.06%
KEYS	A	0.12%	0.08%	0.08%
KLAC	D	0.16%	0.08%	0.08%
KMB	D	0.16%	0.08%	0.08%
LEA	D	0.04%	0.08%	0.04%
LEN	D	0.4%	0.32%	0.32%
LH	C	0.07%	0.11%	0.07%
LMT	D	0.71%	0.23%	0.23%
LOW	D	0.77%	0.04%	0.04%
MA	C	1.57%	0.04%	0.04%
MAR	B	0.12%	0.04%	0.04%
MAS	D	0.07%	0.19%	0.07%
MCD	D	0.38%	0.04%	0.04%
MCK	B	1.18%	0.09%	0.09%
MCO	B	0.33%	0.07%	0.07%
MMC	B	0.56%	0.01%	0.01%
MMM	D	0.11%	0.08%	0.08%
MO	A	0.64%	0.1%	0.1%
MSFT	F	2.01%	0.04%	0.04%
MU	D	0.35%	0.08%	0.08%
NTAP	C	0.07%	0.07%	0.07%
ORCL	B	0.05%	0.11%	0.05%
ORLY	B	0.37%	0.08%	0.08%
OTIS	C	0.04%	0.07%	0.04%
PG	A	1.38%	0.06%	0.06%
PGR	A	0.06%	0.04%	0.04%
PHM	D	0.21%	0.2%	0.2%
PKG	A	0.06%	0.07%	0.06%
PM	B	0.56%	0.17%	0.17%
PSA	D	0.31%	0.08%	0.08%
PYPL	B	0.34%	0.02%	0.02%
QCOM	F	0.25%	0.08%	0.08%
RNR	C	0.06%	0.04%	0.04%
ROK	B	0.09%	0.06%	0.06%
RPRX	D	0.03%	0.14%	0.03%
SBUX	A	0.51%	0.09%	0.09%
SJM	D	0.03%	0.04%	0.03%
SPG	B	0.2%	0.22%	0.2%
SPGI	C	0.07%	0.08%	0.07%
STLD	B	0.25%	0.04%	0.04%
SYF	B	0.14%	0.08%	0.08%
T	A	0.72%	0.12%	0.12%
TPR	B	0.12%	0.19%	0.12%
TT	A	0.08%	0.08%	0.08%
TXN	C	0.36%	0.07%	0.07%
UNH	C	2.36%	0.02%	0.02%
UNP	C	0.12%	0.11%	0.11%
UPS	C	0.4%	0.08%	0.08%
V	A	1.84%	0.1%	0.1%
VLO	C	0.18%	0.08%	0.08%
VRSN	F	0.06%	0.19%	0.06%
VZ	C	0.67%	0.03%	0.03%
WMT	A	3.0%	0.02%	0.02%
WTW	B	0.03%	0.06%	0.03%
WY	D	0.08%	0.1%	0.08%

QARP Overweight 233 Positions Relative to SKOR

Symbol	Grade	Weight
BRK.A	B	5.26%
META	D	5.09%
XOM	B	3.2%
GOOG	C	2.15%
CVX	A	1.54%
ACN	C	1.17%
TSLA	B	0.83%
TJX	A	0.82%
BKNG	A	0.81%
COP	C	0.78%
AMAT	F	0.71%
CAT	B	0.66%
EOG	A	0.51%
PFE	D	0.47%
LRCX	F	0.42%
CAH	B	0.4%
COR	B	0.4%
NUE	C	0.37%
SYY	B	0.33%
FDX	B	0.33%
TGT	F	0.32%
MRK	F	0.32%
NKE	D	0.31%
CTSH	B	0.29%
KR	B	0.29%
GWW	B	0.28%
ADM	D	0.27%
MPC	D	0.26%
TROW	B	0.25%
REGN	F	0.25%
DE	A	0.25%
ROST	C	0.25%
CNC	D	0.24%
PCAR	B	0.23%
VST	B	0.23%
NVR	D	0.23%
ACGL	D	0.23%
ABNB	C	0.23%
FTNT	C	0.22%
FAST	B	0.22%
ABT	B	0.22%
MSCI	C	0.22%
DAL	C	0.22%
BBY	D	0.22%
URI	B	0.22%
GEV	B	0.21%
WSM	B	0.21%
KVUE	A	0.21%
LPLA	A	0.2%
VRTX	F	0.2%
FANG	D	0.19%
PAYX	C	0.19%
NVDA	C	0.18%
ISRG	A	0.18%
ODFL	B	0.18%
EXPE	B	0.17%
RS	B	0.17%
LULU	C	0.17%
EME	C	0.16%
BLDR	D	0.16%
DVN	F	0.16%
FCNCA	A	0.15%
GRMN	B	0.15%
TSCO	D	0.15%
ULTA	F	0.14%
GEHC	F	0.14%
SLB	C	0.14%
MNST	C	0.14%
DRI	B	0.13%
CASY	A	0.13%
DECK	A	0.13%
ANET	C	0.13%
OC	A	0.13%
EXPD	D	0.13%
CF	B	0.13%
CTRA	B	0.12%
PSX	C	0.12%
SNA	A	0.12%
CMG	B	0.11%
BJ	A	0.11%
UAL	A	0.11%
MTG	C	0.11%
EVR	B	0.11%
MRO	B	0.11%
CPNG	D	0.1%
FDS	B	0.1%
UTHR	C	0.1%
BKR	B	0.1%
SOLV	C	0.1%
LUV	C	0.1%
MTD	D	0.09%
LYV	A	0.09%
LYB	F	0.09%
DKS	C	0.09%
AMG	B	0.09%
CINF	A	0.09%
CBRE	B	0.09%
VICI	C	0.08%
LNG	B	0.08%
FICO	B	0.08%
SWKS	F	0.08%
HRB	D	0.08%
WSO	A	0.08%
WST	C	0.08%
PFGC	B	0.08%
HSY	F	0.08%
DOX	D	0.07%
GPC	D	0.07%
CPRT	A	0.07%
GGG	B	0.07%
RHI	B	0.07%
SEIC	B	0.07%
AMD	F	0.07%
TOL	B	0.07%
AYI	B	0.07%
ACI	C	0.06%
EXP	A	0.06%
AGCO	D	0.06%
EG	C	0.06%
TXRH	C	0.06%
TXT	D	0.06%
SKX	D	0.06%
MOH	F	0.06%
OXY	D	0.06%
PWR	A	0.06%
FFIV	B	0.06%
JBL	B	0.06%
INCY	C	0.06%
COIN	C	0.06%
AOS	F	0.06%
POOL	C	0.06%
BX	A	0.06%
CHRW	C	0.06%
HAL	C	0.06%
ALK	C	0.05%
LVS	C	0.05%
BLD	D	0.05%
MRNA	F	0.05%
IP	B	0.05%
JKHY	D	0.05%
APTV	D	0.05%
LSTR	D	0.05%
CCL	B	0.05%
UHS	D	0.05%
ITT	A	0.05%
ALGN	D	0.05%
FIX	A	0.05%
SAIA	B	0.05%
CLF	F	0.05%
MGM	D	0.05%
RL	B	0.05%
MKTX	D	0.05%
YUM	B	0.05%
MUSA	A	0.05%
OSK	B	0.04%
NYT	C	0.04%
MCHP	D	0.04%
X	C	0.04%
AAL	B	0.04%
ACM	A	0.04%
CHE	D	0.04%
ROL	B	0.04%
FCX	D	0.04%
USFD	A	0.04%
KNSL	B	0.04%
LPX	B	0.04%
ARMK	B	0.04%
WYNN	D	0.04%
ALSN	B	0.04%
TSN	B	0.04%
PAYC	B	0.04%
GNTX	C	0.04%
COKE	C	0.04%
EPAM	C	0.04%
LECO	B	0.04%
CNM	D	0.04%
MOS	F	0.04%
BURL	A	0.04%
FND	C	0.04%
CHRD	D	0.04%
DBX	B	0.04%
ON	D	0.04%
INGR	B	0.04%
DCI	B	0.04%
WBD	C	0.04%
HOLX	D	0.04%
HLI	B	0.04%
OLN	D	0.03%
WAT	B	0.03%
PINC	B	0.03%
MTZ	B	0.03%
FCN	D	0.03%
RLI	B	0.03%
G	B	0.03%
MSM	C	0.03%
PVH	C	0.03%
KNX	B	0.03%
THO	B	0.03%
VVV	F	0.03%
TER	D	0.03%
GAP	C	0.03%
DPZ	C	0.03%
LOPE	B	0.03%
OVV	B	0.03%
JHG	A	0.03%
MEDP	D	0.03%
LLY	F	0.03%
LAMR	D	0.03%
JNPR	F	0.03%
TAP	C	0.03%
J	F	0.03%
EXEL	B	0.03%
BIIB	F	0.02%
BBWI	D	0.02%
CDW	F	0.02%
NEU	C	0.02%
FIVE	F	0.02%
CDNS	B	0.02%
AR	B	0.02%
TTEK	F	0.02%
APA	D	0.02%
M	D	0.02%
LKQ	D	0.02%
DD	D	0.02%
MHK	D	0.02%
CTVA	C	0.02%
EL	F	0.02%
CROX	D	0.02%
ALB	C	0.02%
SSD	D	0.02%
PII	D	0.02%
CRUS	D	0.02%
IWB	A	0.0%

QARP Underweight 193 Positions Relative to SKOR

Symbol	Grade	Weight
KMI	A	-0.28%
AEE	A	-0.25%
PEP	F	-0.24%
NXPI	D	-0.21%
NI	A	-0.19%
PAA	B	-0.19%
APD	A	-0.19%
TMO	F	-0.19%
NOC	D	-0.19%
CHD	B	-0.18%
CCI	D	-0.18%
TD	F	-0.17%
GPN	B	-0.17%
WEC	A	-0.17%
DG	F	-0.16%
LII	A	-0.16%
ARW	D	-0.15%
ALL	A	-0.15%
XEL	A	-0.14%
TDY	B	-0.14%
ALLY	C	-0.14%
OKE	A	-0.14%
GD	F	-0.14%
TMUS	B	-0.14%
WU	D	-0.13%
WM	A	-0.13%
AMT	D	-0.13%
BRX	A	-0.12%
O	D	-0.12%
CME	A	-0.12%
APH	A	-0.11%
CM	A	-0.11%
SWK	D	-0.11%
BHP	F	-0.11%
ED	D	-0.11%
MKL	A	-0.11%
NVT	B	-0.11%
ATHS	C	-0.11%
ARCC	A	-0.11%
BMO	A	-0.11%
DFS	B	-0.11%
VRSK	A	-0.1%
DLR	B	-0.1%
BIDU	F	-0.1%
LNT	A	-0.1%
BKU	A	-0.1%
TRMB	B	-0.1%
CB	C	-0.1%
INTU	C	-0.1%
SO	D	-0.1%
GS	A	-0.1%
LHX	C	-0.1%
VNT	B	-0.09%
IBM	C	-0.09%
THG	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%
FLO	D	-0.09%
LAZ	B	-0.09%
MLM	B	-0.09%
BNS	A	-0.09%
FITB	A	-0.09%
BR	A	-0.08%
AFG	A	-0.08%
AWH	F	-0.08%
BG	F	-0.08%
FAF	A	-0.08%
HBAN	A	-0.08%
BDX	F	-0.08%
CMS	C	-0.08%
HP	B	-0.08%
ORI	A	-0.08%
H	B	-0.08%
KO	D	-0.08%
DSS	F	-0.08%
AMH	D	-0.08%
KDP	D	-0.08%
NDAQ	A	-0.08%
WHR	B	-0.08%
ROP	B	-0.08%
BRO	B	-0.08%
WELL	A	-0.08%
NFG	A	-0.08%
JEF	A	-0.08%
BLK	C	-0.08%
KEY	B	-0.08%
DUK	C	-0.08%
D	C	-0.08%
C	A	-0.08%
EMR	A	-0.07%
AVT	C	-0.07%
KMPR	B	-0.07%
PLD	D	-0.07%
PCG	A	-0.07%
PPG	F	-0.07%
CPT	B	-0.07%
SBRA	C	-0.07%
WB	D	-0.07%
ALLE	D	-0.07%
BAX	D	-0.07%
DOV	A	-0.07%
BKH	A	-0.07%
ESS	B	-0.07%
GSBD	F	-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%
AMP	A	-0.07%
CUBE	D	-0.07%
HUBB	B	-0.07%
CFG	B	-0.07%
STT	A	-0.07%
SRE	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%
WFC	A	-0.07%
SKT	B	-0.06%
REG	B	-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%
TFC	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%
ZTS	D	-0.05%
PDM	D	-0.04%
KIM	A	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	C	-0.04%
AIZ	A	-0.04%
RPM	A	-0.04%
ARE	D	-0.04%
AXS	A	-0.04%
HIW	D	-0.04%
AIG	B	-0.04%
AFL	B	-0.04%
HON	B	-0.04%
ES	D	-0.04%
MSI	B	-0.04%
KRC	C	-0.04%
SCHW	B	-0.04%
SHW	A	-0.04%
RSG	A	-0.04%
DB	D	-0.04%
EIX	B	-0.04%
AVGO	D	-0.04%
NEE	D	-0.04%
MS	A	-0.04%
FLS	B	-0.03%
SYK	C	-0.03%
FNF	B	-0.03%
PNC	B	-0.03%
PH	A	-0.02%
AAP	C	-0.02%
BDN	C	-0.02%
MAA	B	-0.02%
EQR	B	-0.02%
AVB	B	-0.02%
AVY	D	-0.02%
VTR	C	-0.02%
AEP	D	-0.02%
MUFG	B	-0.02%
CP	D	-0.01%
JPM	A	-0.01%
EQIX	A	-0.0%
OHI	C	-0.0%
PRU	A	-0.0%
BAC	A	-0.0%