SKOR vs. BLV ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Vanguard Long-Term Bond ETF (BLV)

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

$48.23

Average Daily Volume

45,570

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

BLV

Vanguard Long-Term Bond ETF

BLV Description

The investment seeks to track the performance of a market-weighted bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$71.77

Average Daily Volume

650,842

Number of Holdings ^*

342

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	BLV
30 Days	0.21%	1.03%
60 Days	-0.91%	-3.69%
90 Days	0.04%	-2.77%
12 Months	7.83%	9.74%

200 Overlapping Holdings

	Symbol	Grade	Weight in SKOR	Weight in BLV	Overlap
	AAPL	B	0.09%	0.02%	0.02%
	ABBV	D	0.08%	0.02%	0.02%
	ADI	D	0.15%	0.02%	0.02%
	AEE	A	0.25%	0.01%	0.01%
	AEP	D	0.02%	0.01%	0.01%
	AFG	A	0.08%	0.01%	0.01%
	AFL	B	0.04%	0.01%	0.01%
	AIG	B	0.04%	0.01%	0.01%
	AIZ	B	0.04%	0.01%	0.01%
	ALL	B	0.15%	0.01%	0.01%
	ALLY	C	0.14%	0.04%	0.04%
	AMGN	D	0.11%	0.02%	0.02%
	AMT	D	0.13%	0.01%	0.01%
	AMZN	C	0.11%	0.03%	0.03%
	AON	A	0.09%	0.01%	0.01%
	APD	A	0.19%	0.01%	0.01%
	ARE	D	0.04%	0.01%	0.01%
	ATO	A	0.17%	0.01%	0.01%
	AVB	B	0.02%	0.01%	0.01%
	AVGO	D	0.04%	0.03%	0.03%
	AWK	D	0.07%	0.01%	0.01%
	AXP	A	0.07%	0.02%	0.02%
	BA	D	0.06%	0.01%	0.01%
	BABA	D	0.07%	0.02%	0.02%
	BAC	A	0.0%	0.01%	0.0%
	BAX	F	0.07%	0.01%	0.01%
	BDX	F	0.08%	0.01%	0.01%
	BHP	F	0.11%	0.03%	0.03%
	BKH	B	0.07%	0.01%	0.01%
	BMY	B	0.1%	0.01%	0.01%
	BWA	C	0.13%	0.01%	0.01%
	C	A	0.08%	0.01%	0.01%
	CARR	C	0.09%	0.04%	0.04%
	CB	D	0.1%	0.01%	0.01%
	CCI	D	0.18%	0.01%	0.01%
	CFG	B	0.07%	0.01%	0.01%
	CHD	B	0.18%	0.01%	0.01%
	CHTR	C	0.2%	0.01%	0.01%
	CI	D	0.14%	0.01%	0.01%
	CL	D	0.09%	0.01%	0.01%
	CMCSA	C	0.14%	0.01%	0.01%
	CME	A	0.12%	0.02%	0.02%
	CMI	A	0.04%	0.01%	0.01%
	CMS	C	0.08%	0.01%	0.01%
	CNP	A	0.1%	0.01%	0.01%
	COST	B	0.1%	0.04%	0.04%
	CP	D	0.01%	0.01%	0.01%
	CPB	D	0.06%	0.01%	0.01%
	CPT	B	0.07%	0.01%	0.01%
	CSCO	A	0.04%	0.03%	0.03%
	CSX	B	0.04%	0.01%	0.01%
	CVS	D	0.16%	0.01%	0.01%
	D	C	0.08%	0.01%	0.01%
	DG	F	0.16%	0.01%	0.01%
	DGX	B	0.07%	0.01%	0.01%
	DHR	D	0.09%	0.01%	0.01%
	DIS	B	0.09%	0.01%	0.01%
	DOV	A	0.07%	0.01%	0.01%
	DOW	F	0.17%	0.01%	0.01%
	DT	C	0.05%	0.01%	0.01%
	DTE	C	0.09%	0.01%	0.01%
	DUK	C	0.08%	0.01%	0.01%
	EA	C	0.04%	0.01%	0.01%
	EBAY	C	0.08%	0.02%	0.02%
	ECL	D	0.06%	0.01%	0.01%
	ED	D	0.11%	0.01%	0.01%
	EIX	A	0.04%	0.01%	0.01%
	EPD	B	0.07%	0.01%	0.01%
	EQIX	A	0.0%	0.01%	0.0%
	EQR	B	0.02%	0.01%	0.01%
	ES	D	0.04%	0.01%	0.01%
	ESS	B	0.07%	0.01%	0.01%
	FITB	B	0.09%	0.04%	0.04%
	FMC	D	0.07%	0.01%	0.01%
	FNF	B	0.03%	0.01%	0.01%
	FOXA	C	0.25%	0.02%	0.02%
	FTV	B	0.04%	0.01%	0.01%
	GD	F	0.14%	0.01%	0.01%
	GILD	B	0.13%	0.01%	0.01%
	GIS	D	0.08%	0.01%	0.01%
	GM	B	0.2%	0.02%	0.02%
	GOOGL	C	0.03%	0.02%	0.02%
	GPN	C	0.17%	0.02%	0.02%
	GS	B	0.1%	0.01%	0.01%
	HCA	F	0.03%	0.01%	0.01%
	HD	A	0.0%	0.01%	0.0%
	HIW	D	0.04%	0.01%	0.01%
	HON	B	0.04%	0.01%	0.01%
	HPQ	B	0.07%	0.03%	0.03%
	HSBC	B	0.07%	0.01%	0.01%
	HUM	C	0.12%	0.01%	0.01%
	IBM	C	0.09%	0.01%	0.01%
	INTC	C	0.12%	0.01%	0.01%
	ITW	A	0.07%	0.01%	0.01%
	JEF	A	0.08%	0.01%	0.01%
	JNJ	D	0.18%	0.01%	0.01%
	JPM	B	0.01%	0.01%	0.01%
	K	A	0.11%	0.01%	0.01%
	KDP	D	0.08%	0.01%	0.01%
	KIM	A	0.04%	0.01%	0.01%
	KLAC	F	0.08%	0.01%	0.01%
	KMB	C	0.08%	0.01%	0.01%
	KMI	B	0.28%	0.01%	0.01%
	KO	D	0.08%	0.01%	0.01%
	KRC	C	0.04%	0.01%	0.01%
	LEA	F	0.08%	0.02%	0.02%
	LH	B	0.11%	0.01%	0.01%
	LHX	C	0.1%	0.01%	0.01%
	LMT	D	0.23%	0.01%	0.01%
	LNT	A	0.1%	0.01%	0.01%
	LOW	C	0.04%	0.01%	0.01%
	MA	B	0.04%	0.01%	0.01%
	MAA	B	0.02%	0.01%	0.01%
	MAR	A	0.04%	0.02%	0.02%
	MAS	C	0.19%	0.01%	0.01%
	MCD	D	0.04%	0.01%	0.01%
	MCO	A	0.07%	0.01%	0.01%
	MDLZ	F	0.07%	0.02%	0.02%
	MET	A	0.09%	0.01%	0.01%
	MKC	D	0.07%	0.01%	0.01%
	MKL	A	0.11%	0.01%	0.01%
	MLM	B	0.09%	0.01%	0.01%
	MMC	A	0.01%	0.01%	0.01%
	MMM	D	0.08%	0.01%	0.01%
	MO	A	0.1%	0.01%	0.01%
	MS	B	0.04%	0.02%	0.02%
	MSFT	D	0.04%	0.01%	0.01%
	MSI	C	0.04%	0.01%	0.01%
	MUFG	B	0.02%	0.01%	0.01%
	NDAQ	A	0.08%	0.01%	0.01%
	NEE	D	0.04%	0.01%	0.01%
	NI	A	0.19%	0.01%	0.01%
	NNN	D	0.06%	0.01%	0.01%
	NOC	D	0.19%	0.01%	0.01%
	NSC	A	0.07%	0.01%	0.01%
	NXPI	D	0.21%	0.01%	0.01%
	O	D	0.12%	0.01%	0.01%
	OHI	D	0.0%	0.02%	0.0%
	OKE	C	0.14%	0.01%	0.01%
	ORCL	C	0.11%	0.01%	0.01%
	ORI	A	0.08%	0.01%	0.01%
	OTIS	C	0.07%	0.01%	0.01%
	PAA	B	0.19%	0.01%	0.01%
	PCG	B	0.07%	0.01%	0.01%
	PDM	D	0.04%	0.01%	0.01%
	PEG	A	0.07%	0.01%	0.01%
	PEP	F	0.24%	0.01%	0.01%
	PG	A	0.06%	0.01%	0.01%
	PGR	A	0.04%	0.01%	0.01%
	PH	A	0.02%	0.01%	0.01%
	PHM	C	0.2%	0.01%	0.01%
	PKG	B	0.07%	0.01%	0.01%
	PLD	D	0.07%	0.01%	0.01%
	PM	B	0.17%	0.01%	0.01%
	PRU	A	0.0%	0.01%	0.0%
	PYPL	A	0.02%	0.02%	0.02%
	QCOM	F	0.08%	0.01%	0.01%
	REG	B	0.06%	0.01%	0.01%
	ROK	B	0.06%	0.01%	0.01%
	RPM	A	0.04%	0.01%	0.01%
	RPRX	D	0.14%	0.01%	0.01%
	RSG	A	0.04%	0.01%	0.01%
	SBRA	B	0.07%	0.01%	0.01%
	SBUX	B	0.09%	0.01%	0.01%
	SCHW	A	0.04%	0.01%	0.01%
	SHW	A	0.04%	0.01%	0.01%
	SJM	D	0.04%	0.01%	0.01%
	SO	D	0.1%	0.01%	0.01%
	SPG	C	0.22%	0.01%	0.01%
	SPGI	C	0.08%	0.01%	0.01%
	SRE	A	0.07%	0.01%	0.01%
	STLD	B	0.04%	0.01%	0.01%
	SWK	D	0.11%	0.01%	0.01%
	SYK	C	0.03%	0.01%	0.01%
	T	A	0.12%	0.01%	0.01%
	TEL	B	0.07%	0.02%	0.02%
	TMO	F	0.19%	0.01%	0.01%
	TMUS	A	0.14%	0.01%	0.01%
	TT	B	0.08%	0.01%	0.01%
	TXN	D	0.07%	0.01%	0.01%
	UNH	B	0.02%	0.01%	0.01%
	UNP	C	0.11%	0.01%	0.01%
	UPS	C	0.08%	0.01%	0.01%
	V	A	0.1%	0.01%	0.01%
	VLO	C	0.08%	0.02%	0.02%
	VOYA	B	0.04%	0.01%	0.01%
	VRSK	A	0.1%	0.01%	0.01%
	VTR	D	0.02%	0.01%	0.01%
	VZ	B	0.03%	0.01%	0.01%
	WEC	A	0.17%	0.01%	0.01%
	WELL	C	0.08%	0.01%	0.01%
	WFC	A	0.07%	0.01%	0.01%
	WHR	B	0.08%	0.02%	0.02%
	WM	A	0.13%	0.01%	0.01%
	WMT	B	0.02%	0.01%	0.01%
	WPC	D	0.06%	0.01%	0.01%
	WU	D	0.13%	0.02%	0.02%
	WY	D	0.1%	0.04%	0.04%
	XEL	A	0.14%	0.01%	0.01%
	ZTS	D	0.05%	0.01%	0.01%

SKOR Overweight 105 Positions Relative to BLV

	Symbol	Grade	Weight
	LEN	C	0.32%
	VRSN	F	0.19%
	TPR	A	0.19%
	ELV	F	0.18%
	TD	F	0.17%
	LII	A	0.16%
	ARW	D	0.15%
	TDY	B	0.14%
	JBHT	C	0.12%
	BRX	A	0.12%
	AMCR	D	0.12%
	APH	B	0.11%
	CM	A	0.11%
	NVT	B	0.11%
	ATHS	C	0.11%
	ARCC	A	0.11%
	BMO	A	0.11%
	DFS	B	0.11%
	DLR	A	0.1%
	BIDU	F	0.1%
	BKU	B	0.1%
	TRMB	B	0.1%
	INTU	C	0.1%
	VNT	C	0.09%
	THG	C	0.09%
	FHN	B	0.09%
	BXP	D	0.09%
	CMA	A	0.09%
	AGR	B	0.09%
	HST	C	0.09%
	MCK	C	0.09%
	ADBE	C	0.09%
	FLO	C	0.09%
	LAZ	B	0.09%
	BNS	A	0.09%
	BR	A	0.08%
	PSA	C	0.08%
	ADSK	B	0.08%
	AWH	F	0.08%
	BG	F	0.08%
	FAF	B	0.08%
	HBAN	B	0.08%
	CSL	B	0.08%
	HP	C	0.08%
	H	A	0.08%
	CBOE	B	0.08%
	DSS	F	0.08%
	AMH	C	0.08%
	EW	C	0.08%
	DINO	F	0.08%
	KEYS	B	0.08%
	ROP	B	0.08%
	BRO	B	0.08%
	NFG	B	0.08%
	ORLY	B	0.08%
	BLK	C	0.08%
	KEY	A	0.08%
	MU	D	0.08%
	GLPI	B	0.08%
	SYF	A	0.08%
	ADP	B	0.07%
	EMR	A	0.07%
	AVT	C	0.07%
	KMPR	B	0.07%
	NTAP	C	0.07%
	DHI	D	0.07%
	PPG	D	0.07%
	WB	C	0.07%
	ALLE	D	0.07%
	CE	F	0.07%
	A	D	0.07%
	GSBD	F	0.07%
	USB	A	0.07%
	AMP	B	0.07%
	CUBE	D	0.07%
	HUBB	B	0.07%
	STT	A	0.07%
	SKT	A	0.06%
	WAB	B	0.06%
	SCS	B	0.06%
	GL	C	0.06%
	AL	A	0.06%
	WTW	B	0.06%
	TFC	B	0.06%
	SITC	D	0.05%
	EFX	D	0.05%
	RY	B	0.05%
	BK	A	0.05%
	AER	A	0.05%
	DLTR	D	0.05%
	AZO	C	0.05%
	HPP	F	0.04%
	KRG	B	0.04%
	RNR	C	0.04%
	HII	F	0.04%
	AXS	A	0.04%
	DB	D	0.04%
	FLS	A	0.03%
	PNC	A	0.03%
	CTAS	B	0.02%
	AAP	C	0.02%
	BDN	C	0.02%
	CLX	C	0.02%
	AVY	D	0.02%
	COF	B	0.02%

SKOR Underweight 142 Positions Relative to BLV

	Symbol	Grade	Weight
	WIT	A	-1.44%
	MDT	D	-0.05%
	HPE	B	-0.04%
	EQH	B	-0.04%
	DD	D	-0.04%
	DELL	C	-0.04%
	NUE	D	-0.03%
	SCCO	F	-0.03%
	TAP	C	-0.03%
	CRM	B	-0.03%
	HAL	C	-0.03%
	CF	B	-0.02%
	VMC	B	-0.02%
	BHF	B	-0.02%
	FANG	F	-0.02%
	AJG	A	-0.02%
	ICE	D	-0.02%
	CAG	D	-0.02%
	BIIB	F	-0.02%
	NVDA	C	-0.02%
	PSX	C	-0.02%
	VTRS	B	-0.02%
	GSK	F	-0.02%
	PECO	B	-0.01%
	DOC	C	-0.01%
	AGO	A	-0.01%
	AES	F	-0.01%
	ADC	B	-0.01%
	AAT	B	-0.01%
	BEN	C	-0.01%
	CACC	D	-0.01%
	JD	D	-0.01%
	FRT	A	-0.01%
	AVA	B	-0.01%
	CHI	A	-0.01%
	UDR	B	-0.01%
	SWX	B	-0.01%
	TJX	A	-0.01%
	SIGI	B	-0.01%
	EXR	C	-0.01%
	DRI	B	-0.01%
	XYL	D	-0.01%
	OPI	F	-0.01%
	JNPR	F	-0.01%
	IDA	B	-0.01%
	LXP	D	-0.01%
	KSS	F	-0.01%
	WTRG	B	-0.01%
	WEST	C	-0.01%
	OC	B	-0.01%
	NYC	D	-0.01%
	NWE	A	-0.01%
	INGR	B	-0.01%
	EOG	C	-0.01%
	CAH	B	-0.01%
	ALB	C	-0.01%
	APTV	F	-0.01%
	COO	D	-0.01%
	UAL	B	-0.01%
	VMI	A	-0.01%
	STE	F	-0.01%
	SNA	A	-0.01%
	RF	B	-0.01%
	ZBH	C	-0.01%
	NOV	C	-0.01%
	OGE	A	-0.01%
	IVZ	B	-0.01%
	HRL	D	-0.01%
	HOG	F	-0.01%
	HAS	D	-0.01%
	L	B	-0.01%
	FE	D	-0.01%
	EE	B	-0.01%
	CINF	A	-0.01%
	UNM	A	-0.01%
	PFG	C	-0.01%
	REGN	F	-0.01%
	EG	C	-0.01%
	STZ	D	-0.01%
	ADM	F	-0.01%
	ACGL	D	-0.01%
	CTS	B	-0.01%
	EVRG	A	-0.01%
	FIS	D	-0.01%
	ETN	A	-0.01%
	HIG	B	-0.01%
	IFF	D	-0.01%
	JCI	C	-0.01%
	EL	F	-0.01%
	LNC	B	-0.01%
	LIN	D	-0.01%
	OGS	A	-0.01%
	PPL	B	-0.01%
	MOS	F	-0.01%
	TRV	B	-0.01%
	PNW	B	-0.01%
	AMAT	F	-0.01%
	TGT	F	-0.01%
	EMN	D	-0.01%
	DE	B	-0.01%
	IPG	C	-0.01%
	IP	B	-0.01%
	JBLU	F	-0.01%
	GWW	A	-0.01%
	MRO	B	-0.01%
	HSY	F	-0.01%
	WRB	A	-0.01%
	WLK	D	-0.01%
	KR	A	-0.01%
	EQNR	D	-0.01%
	CVX	B	-0.01%
	KOF	F	-0.01%
	NKE	F	-0.01%
	NEM	F	-0.01%
	WBA	D	-0.01%
	LRCX	F	-0.01%
	LLY	F	-0.01%
	LYB	F	-0.01%
	RJF	A	-0.01%
	DVN	F	-0.01%
	EXC	D	-0.01%
	BSX	C	-0.01%
	ETR	B	-0.01%
	HES	C	-0.01%
	MPC	F	-0.01%
	GLW	B	-0.01%
	ET	B	-0.01%
	FDX	B	-0.01%
	MRK	F	-0.01%
	WMB	B	-0.01%
	SYY	C	-0.01%
	CAT	B	-0.01%
	TSN	B	-0.01%
	MPLX	B	-0.01%
	ABT	B	-0.01%
	COP	D	-0.01%
	RTX	D	-0.01%
	AZN	F	-0.01%
	XOM	C	-0.01%
	VOD	D	-0.01%
	PFE	D	-0.01%
	GE	D	-0.01%

SKOR: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Global Diversified Industrials Banks - Regional - US Credit Services REIT - Retail REIT - Office Business Services Insurance - Property & Casualty Asset Management Capital Markets Diagnostics & Research Packaged Foods REIT - Residential Semiconductors Specialty Retail Aerospace & Defense Drug Manufacturers - Major Health Care Plans Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Insurance Bank Real Estate Investment Trust Natural Gas Dow Jones Component Electricity Banking Investment Bank Insurance Products Financial Products Cash Management Chemical Computing Commercial Banking Electronics Real Estate Market Telecommunications Aerospace

BLV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Drug Manufacturers - Major Insurance - Property & Casualty Utilities - Diversified Packaged Foods REIT - Retail Diversified Industrials Specialty Chemicals Insurance - Life Oil & Gas Midstream Semiconductors Banks - Global Capital Markets Credit Services Insurance - Diversified Oil & Gas E&P REIT - Residential Aerospace & Defense Communication Equipment Household & Personal Products

Keywords: S&P 500 Natural Gas Nasdaq 100 Electricity Insurance Dow Jones Component Real Estate Investment Trust Insurance Products Chemical Electronics Bank Computing Disability Medicine Petroleum Industry Crude Oil Financial Products Mining Natural Gas Storage Plastic