QLV vs. SKOR ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.58

Average Daily Volume

10,480

Number of Holdings ^*

114

* 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

$48.17

Average Daily Volume

45,570

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	QLV	SKOR
30 Days	1.29%	0.21%
60 Days	2.00%	-0.91%
90 Days	3.82%	0.04%
12 Months	25.81%	7.83%

58 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in SKOR	Overlap
AAPL	B	5.17%	0.09%	0.09%
ABBV	D	0.96%	0.08%	0.08%
ADI	D	0.15%	0.15%	0.15%
ADP	B	0.92%	0.07%	0.07%
AEE	A	0.58%	0.25%	0.25%
AEP	D	0.54%	0.02%	0.02%
AIZ	B	0.86%	0.04%	0.04%
ALL	B	0.63%	0.15%	0.15%
AMGN	D	0.71%	0.11%	0.11%
AMZN	C	2.41%	0.11%	0.11%
AVGO	D	0.38%	0.04%	0.04%
AVY	D	0.63%	0.02%	0.02%
AZO	C	0.55%	0.05%	0.05%
CB	D	0.71%	0.1%	0.1%
CME	A	0.94%	0.12%	0.12%
CMS	C	0.54%	0.08%	0.08%
DLR	A	0.68%	0.1%	0.1%
DUK	C	0.9%	0.08%	0.08%
EA	C	0.23%	0.04%	0.04%
ED	D	0.79%	0.11%	0.11%
EQIX	A	0.64%	0.0%	0.0%
FLO	C	0.47%	0.09%	0.09%
GD	F	0.58%	0.14%	0.14%
GILD	B	1.07%	0.13%	0.13%
GIS	D	0.72%	0.08%	0.08%
GOOGL	C	0.88%	0.03%	0.03%
HII	F	0.36%	0.04%	0.04%
IBM	C	1.82%	0.09%	0.09%
JNJ	D	1.71%	0.18%	0.18%
JPM	B	0.21%	0.01%	0.01%
K	A	0.77%	0.11%	0.11%
LMT	D	1.06%	0.23%	0.23%
MCD	D	1.93%	0.04%	0.04%
MCK	C	0.35%	0.09%	0.09%
MKL	A	0.54%	0.11%	0.11%
MMC	A	0.05%	0.01%	0.01%
MSFT	D	7.68%	0.04%	0.04%
NFG	B	0.38%	0.08%	0.08%
NOC	D	0.59%	0.19%	0.19%
PEP	F	1.47%	0.24%	0.24%
PG	A	3.25%	0.06%	0.06%
PKG	B	0.63%	0.07%	0.07%
PM	B	0.21%	0.17%	0.17%
PSA	C	0.84%	0.08%	0.08%
ROP	B	0.13%	0.08%	0.08%
RSG	A	0.59%	0.04%	0.04%
SO	D	0.69%	0.1%	0.1%
T	A	1.51%	0.12%	0.12%
TMUS	A	1.13%	0.14%	0.14%
TXN	D	0.84%	0.07%	0.07%
UNH	B	0.07%	0.02%	0.02%
V	A	2.26%	0.1%	0.1%
VRSK	A	0.39%	0.1%	0.1%
VZ	B	1.64%	0.03%	0.03%
WEC	A	0.86%	0.17%	0.17%
WM	A	0.67%	0.13%	0.13%
WTW	B	0.85%	0.06%	0.06%
XEL	A	0.64%	0.14%	0.14%

QLV Overweight 56 Positions Relative to SKOR

Symbol	Grade	Weight
NVDA	C	5.54%
LLY	F	2.31%
MRK	F	2.28%
META	D	1.25%
XOM	C	1.15%
ABT	B	0.93%
QLYS	C	0.88%
ATR	B	0.86%
RGLD	D	0.83%
TYL	A	0.8%
WDFC	B	0.8%
DOX	D	0.74%
CHE	D	0.73%
CHKP	D	0.72%
LSTR	B	0.71%
TRV	B	0.67%
QGEN	D	0.67%
DTM	B	0.67%
ZM	B	0.67%
CALM	B	0.65%
GOOG	C	0.62%
CINF	A	0.6%
SMMT	D	0.59%
CTVA	B	0.59%
BRK.A	B	0.59%
WCN	A	0.58%
CTRA	B	0.57%
WRB	A	0.55%
STNG	F	0.55%
SCI	A	0.54%
JKHY	D	0.53%
ADC	B	0.53%
PNW	B	0.53%
SIGI	B	0.53%
CHRW	C	0.49%
TSCO	C	0.49%
SON	D	0.48%
BAH	F	0.47%
TTEK	F	0.46%
REGN	F	0.45%
HSY	F	0.45%
NBIX	C	0.43%
HRL	D	0.4%
BMRN	F	0.35%
SLGN	A	0.34%
DDS	B	0.29%
BMI	B	0.27%
CRUS	F	0.26%
COR	C	0.2%
LIN	D	0.19%
ALKS	B	0.19%
NCNO	B	0.13%
CAG	D	0.13%
L	B	0.11%
CWAN	B	0.09%
EXPD	C	0.03%

QLV Underweight 247 Positions Relative to SKOR

Symbol	Grade	Weight
LEN	C	-0.32%
KMI	B	-0.28%
FOXA	C	-0.25%
SPG	C	-0.22%
NXPI	D	-0.21%
CHTR	C	-0.2%
GM	B	-0.2%
PHM	C	-0.2%
VRSN	F	-0.19%
NI	A	-0.19%
MAS	C	-0.19%
TPR	A	-0.19%
PAA	B	-0.19%
APD	A	-0.19%
TMO	F	-0.19%
CHD	B	-0.18%
ELV	F	-0.18%
CCI	D	-0.18%
TD	F	-0.17%
DOW	F	-0.17%
GPN	C	-0.17%
ATO	A	-0.17%
DG	F	-0.16%
LII	A	-0.16%
CVS	D	-0.16%
ARW	D	-0.15%
RPRX	D	-0.14%
CMCSA	C	-0.14%
TDY	B	-0.14%
CI	D	-0.14%
ALLY	C	-0.14%
OKE	C	-0.14%
WU	D	-0.13%
BWA	C	-0.13%
AMT	D	-0.13%
JBHT	C	-0.12%
BRX	A	-0.12%
O	D	-0.12%
AMCR	D	-0.12%
INTC	C	-0.12%
HUM	C	-0.12%
APH	B	-0.11%
CM	A	-0.11%
SWK	D	-0.11%
BHP	F	-0.11%
NVT	B	-0.11%
ATHS	C	-0.11%
UNP	C	-0.11%
ARCC	A	-0.11%
BMO	A	-0.11%
DFS	B	-0.11%
LH	B	-0.11%
ORCL	C	-0.11%
BMY	B	-0.1%
BIDU	F	-0.1%
WY	D	-0.1%
CNP	A	-0.1%
LNT	A	-0.1%
BKU	B	-0.1%
TRMB	B	-0.1%
INTU	C	-0.1%
MO	A	-0.1%
COST	B	-0.1%
GS	B	-0.1%
LHX	C	-0.1%
VNT	C	-0.09%
THG	C	-0.09%
SBUX	B	-0.09%
MET	A	-0.09%
DHR	D	-0.09%
CARR	C	-0.09%
FHN	B	-0.09%
DIS	B	-0.09%
DTE	C	-0.09%
BXP	D	-0.09%
CMA	A	-0.09%
AGR	B	-0.09%
CL	D	-0.09%
HST	C	-0.09%
ADBE	C	-0.09%
LAZ	B	-0.09%
MLM	B	-0.09%
BNS	A	-0.09%
AON	A	-0.09%
FITB	B	-0.09%
KMB	C	-0.08%
BR	A	-0.08%
AFG	A	-0.08%
ADSK	B	-0.08%
AWH	F	-0.08%
QCOM	F	-0.08%
BG	F	-0.08%
FAF	B	-0.08%
LEA	F	-0.08%
HBAN	B	-0.08%
BDX	F	-0.08%
EBAY	C	-0.08%
CSL	B	-0.08%
KLAC	F	-0.08%
HP	C	-0.08%
ORI	A	-0.08%
H	A	-0.08%
UPS	C	-0.08%
CBOE	B	-0.08%
KO	D	-0.08%
DSS	F	-0.08%
AMH	C	-0.08%
VLO	C	-0.08%
EW	C	-0.08%
DINO	F	-0.08%
KEYS	B	-0.08%
KDP	D	-0.08%
NDAQ	A	-0.08%
WHR	B	-0.08%
BRO	B	-0.08%
WELL	C	-0.08%
TT	B	-0.08%
SPGI	C	-0.08%
ORLY	B	-0.08%
JEF	A	-0.08%
BLK	C	-0.08%
KEY	A	-0.08%
MMM	D	-0.08%
MU	D	-0.08%
GLPI	B	-0.08%
SYF	A	-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%
NTAP	C	-0.07%
DHI	D	-0.07%
PCG	B	-0.07%
PPG	D	-0.07%
DGX	B	-0.07%
CPT	B	-0.07%
SBRA	B	-0.07%
WB	C	-0.07%
ALLE	D	-0.07%
BAX	F	-0.07%
CE	F	-0.07%
ITW	A	-0.07%
DOV	A	-0.07%
A	D	-0.07%
BKH	B	-0.07%
ESS	B	-0.07%
GSBD	F	-0.07%
FMC	D	-0.07%
NSC	A	-0.07%
TEL	B	-0.07%
MKC	D	-0.07%
USB	A	-0.07%
AWK	D	-0.07%
AMP	B	-0.07%
CUBE	D	-0.07%
HUBB	B	-0.07%
OTIS	C	-0.07%
CFG	B	-0.07%
MCO	A	-0.07%
STT	A	-0.07%
SRE	A	-0.07%
MDLZ	F	-0.07%
PEG	A	-0.07%
HPQ	B	-0.07%
AXP	A	-0.07%
EPD	B	-0.07%
BABA	D	-0.07%
HSBC	B	-0.07%
WFC	A	-0.07%
ROK	B	-0.06%
SKT	A	-0.06%
REG	B	-0.06%
CPB	D	-0.06%
WAB	B	-0.06%
SCS	B	-0.06%
GL	C	-0.06%
BA	D	-0.06%
ECL	D	-0.06%
WPC	D	-0.06%
AL	A	-0.06%
TFC	B	-0.06%
NNN	D	-0.06%
SITC	D	-0.05%
DT	C	-0.05%
EFX	D	-0.05%
RY	B	-0.05%
BK	A	-0.05%
AER	A	-0.05%
DLTR	D	-0.05%
ZTS	D	-0.05%
PDM	D	-0.04%
KIM	A	-0.04%
STLD	B	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	B	-0.04%
RNR	C	-0.04%
SJM	D	-0.04%
RPM	A	-0.04%
ARE	D	-0.04%
CMI	A	-0.04%
PGR	A	-0.04%
AXS	A	-0.04%
HIW	D	-0.04%
AIG	B	-0.04%
CSX	B	-0.04%
AFL	B	-0.04%
HON	B	-0.04%
ES	D	-0.04%
MSI	C	-0.04%
MAR	A	-0.04%
CSCO	A	-0.04%
KRC	C	-0.04%
SCHW	A	-0.04%
SHW	A	-0.04%
LOW	C	-0.04%
DB	D	-0.04%
EIX	A	-0.04%
MA	B	-0.04%
NEE	D	-0.04%
MS	B	-0.04%
FLS	A	-0.03%
SYK	C	-0.03%
FNF	B	-0.03%
HCA	F	-0.03%
PNC	A	-0.03%
PH	A	-0.02%
CTAS	B	-0.02%
AAP	C	-0.02%
BDN	C	-0.02%
MAA	B	-0.02%
EQR	B	-0.02%
PYPL	A	-0.02%
AVB	B	-0.02%
CLX	C	-0.02%
VTR	D	-0.02%
COF	B	-0.02%
MUFG	B	-0.02%
WMT	B	-0.02%
CP	D	-0.01%
HD	A	-0.0%
OHI	D	-0.0%
PRU	A	-0.0%
BAC	A	-0.0%