SKOR vs. FNCL ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Fidelity MSCI Financials Index ETF (FNCL)

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

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$72.47

Average Daily Volume

114,581

Number of Holdings ^*

380

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	FNCL
30 Days	-0.31%	9.11%
60 Days	-1.61%	13.04%
90 Days	-0.51%	16.04%
12 Months	7.12%	49.10%

60 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in FNCL	Overlap
AFG	A	0.08%	0.13%	0.08%
AFL	B	0.04%	0.74%	0.04%
AIG	B	0.04%	0.63%	0.04%
AIZ	A	0.04%	0.15%	0.04%
ALL	A	0.15%	0.64%	0.15%
ALLY	C	0.14%	0.12%	0.12%
AMP	A	0.07%	0.69%	0.07%
AON	A	0.09%	0.91%	0.09%
AXP	A	0.07%	2.05%	0.07%
AXS	A	0.04%	0.09%	0.04%
BAC	A	0.0%	4.0%	0.0%
BK	A	0.05%	0.71%	0.05%
BKU	A	0.1%	0.04%	0.04%
BLK	C	0.08%	1.93%	0.08%
BRO	B	0.08%	0.33%	0.08%
C	A	0.08%	1.61%	0.08%
CB	C	0.1%	1.37%	0.1%
CBOE	B	0.08%	0.26%	0.08%
CFG	B	0.07%	0.27%	0.07%
CMA	A	0.09%	0.11%	0.09%
CME	A	0.12%	0.99%	0.12%
COF	B	0.02%	0.87%	0.02%
DFS	B	0.11%	0.54%	0.11%
FAF	A	0.08%	0.08%	0.08%
FHN	A	0.09%	0.14%	0.09%
FITB	A	0.09%	0.4%	0.09%
FNF	B	0.03%	0.19%	0.03%
GL	B	0.06%	0.13%	0.06%
GPN	B	0.17%	0.37%	0.17%
GS	A	0.1%	2.35%	0.1%
HBAN	A	0.08%	0.32%	0.08%
JEF	A	0.08%	0.15%	0.08%
JPM	A	0.01%	8.6%	0.01%
KEY	B	0.08%	0.23%	0.08%
KMPR	B	0.07%	0.06%	0.06%
MA	C	0.04%	5.35%	0.04%
MCO	B	0.07%	0.98%	0.07%
MET	A	0.09%	0.63%	0.09%
MKL	A	0.11%	0.28%	0.11%
MMC	B	0.01%	1.35%	0.01%
MS	A	0.04%	2.0%	0.04%
NDAQ	A	0.08%	0.42%	0.08%
ORI	A	0.08%	0.12%	0.08%
PGR	A	0.04%	1.87%	0.04%
PNC	B	0.03%	1.03%	0.03%
PRU	A	0.0%	0.56%	0.0%
PYPL	B	0.02%	1.05%	0.02%
RNR	C	0.04%	0.17%	0.04%
SCHW	B	0.04%	1.5%	0.04%
SPGI	C	0.08%	2.02%	0.08%
STT	A	0.07%	0.35%	0.07%
SYF	B	0.08%	0.32%	0.08%
TFC	A	0.06%	0.77%	0.06%
THG	A	0.09%	0.07%	0.07%
USB	A	0.07%	0.98%	0.07%
V	A	0.1%	6.01%	0.1%
VOYA	B	0.04%	0.1%	0.04%
WFC	A	0.07%	3.14%	0.07%
WTW	B	0.06%	0.4%	0.06%
WU	D	0.13%	0.03%	0.03%

SKOR Overweight 245 Positions Relative to FNCL

Symbol	Grade	Weight
LEN	D	0.32%
KMI	A	0.28%
FOXA	B	0.25%
AEE	A	0.25%
PEP	F	0.24%
LMT	D	0.23%
SPG	B	0.22%
NXPI	D	0.21%
CHTR	C	0.2%
GM	B	0.2%
PHM	D	0.2%
VRSN	F	0.19%
NI	A	0.19%
MAS	D	0.19%
TPR	B	0.19%
PAA	B	0.19%
APD	A	0.19%
TMO	F	0.19%
NOC	D	0.19%
CHD	B	0.18%
ELV	F	0.18%
CCI	D	0.18%
JNJ	D	0.18%
TD	F	0.17%
DOW	F	0.17%
WEC	A	0.17%
ATO	A	0.17%
PM	B	0.17%
DG	F	0.16%
LII	A	0.16%
CVS	D	0.16%
ARW	D	0.15%
ADI	D	0.15%
RPRX	D	0.14%
XEL	A	0.14%
CMCSA	B	0.14%
TDY	B	0.14%
CI	F	0.14%
OKE	A	0.14%
GD	F	0.14%
TMUS	B	0.14%
BWA	D	0.13%
WM	A	0.13%
GILD	C	0.13%
AMT	D	0.13%
JBHT	C	0.12%
BRX	A	0.12%
O	D	0.12%
AMCR	D	0.12%
T	A	0.12%
INTC	D	0.12%
HUM	C	0.12%
APH	A	0.11%
AMGN	D	0.11%
CM	A	0.11%
SWK	D	0.11%
BHP	F	0.11%
ED	D	0.11%
K	A	0.11%
NVT	B	0.11%
AMZN	C	0.11%
ATHS	C	0.11%
UNP	C	0.11%
ARCC	A	0.11%
BMO	A	0.11%
LH	C	0.11%
ORCL	B	0.11%
VRSK	A	0.1%
DLR	B	0.1%
BMY	B	0.1%
BIDU	F	0.1%
WY	D	0.1%
CNP	B	0.1%
LNT	A	0.1%
TRMB	B	0.1%
INTU	C	0.1%
MO	A	0.1%
COST	B	0.1%
SO	D	0.1%
LHX	C	0.1%
VNT	B	0.09%
IBM	C	0.09%
SBUX	A	0.09%
DHR	F	0.09%
CARR	D	0.09%
DIS	B	0.09%
DTE	C	0.09%
BXP	D	0.09%
AGR	B	0.09%
CL	D	0.09%
HST	C	0.09%
MCK	B	0.09%
ADBE	C	0.09%
FLO	D	0.09%
LAZ	B	0.09%
MLM	B	0.09%
BNS	A	0.09%
AAPL	C	0.09%
KMB	D	0.08%
BR	A	0.08%
PSA	D	0.08%
ADSK	A	0.08%
AWH	F	0.08%
QCOM	F	0.08%
BG	F	0.08%
LEA	D	0.08%
BDX	F	0.08%
EBAY	D	0.08%
CSL	C	0.08%
CMS	C	0.08%
KLAC	D	0.08%
HP	B	0.08%
H	B	0.08%
UPS	C	0.08%
KO	D	0.08%
DSS	F	0.08%
AMH	D	0.08%
VLO	C	0.08%
EW	C	0.08%
DINO	D	0.08%
KEYS	A	0.08%
KDP	D	0.08%
WHR	B	0.08%
ROP	B	0.08%
WELL	A	0.08%
TT	A	0.08%
GIS	D	0.08%
NFG	A	0.08%
ORLY	B	0.08%
MMM	D	0.08%
MU	D	0.08%
DUK	C	0.08%
GLPI	C	0.08%
D	C	0.08%
ABBV	D	0.08%
ADP	B	0.07%
EMR	A	0.07%
AVT	C	0.07%
PLD	D	0.07%
NTAP	C	0.07%
DHI	D	0.07%
PCG	A	0.07%
PPG	F	0.07%
DGX	A	0.07%
CPT	B	0.07%
SBRA	C	0.07%
WB	D	0.07%
ALLE	D	0.07%
BAX	D	0.07%
CE	F	0.07%
ITW	B	0.07%
DOV	A	0.07%
A	D	0.07%
BKH	A	0.07%
ESS	B	0.07%
GSBD	F	0.07%
PKG	A	0.07%
FMC	D	0.07%
NSC	B	0.07%
TEL	B	0.07%
MKC	D	0.07%
AWK	D	0.07%
TXN	C	0.07%
CUBE	D	0.07%
HUBB	B	0.07%
OTIS	C	0.07%
SRE	A	0.07%
MDLZ	F	0.07%
PEG	A	0.07%
HPQ	B	0.07%
EPD	A	0.07%
BABA	D	0.07%
HSBC	B	0.07%
ROK	B	0.06%
SKT	B	0.06%
REG	B	0.06%
CPB	D	0.06%
WAB	B	0.06%
SCS	C	0.06%
BA	F	0.06%
ECL	D	0.06%
WPC	D	0.06%
AL	B	0.06%
PG	A	0.06%
NNN	D	0.06%
SITC	D	0.05%
DT	C	0.05%
EFX	F	0.05%
RY	A	0.05%
AER	B	0.05%
DLTR	F	0.05%
AZO	C	0.05%
ZTS	D	0.05%
PDM	D	0.04%
KIM	A	0.04%
STLD	B	0.04%
HPP	F	0.04%
KRG	B	0.04%
FTV	C	0.04%
SJM	D	0.04%
RPM	A	0.04%
EA	A	0.04%
ARE	D	0.04%
CMI	A	0.04%
HII	D	0.04%
HIW	D	0.04%
CSX	B	0.04%
HON	B	0.04%
ES	D	0.04%
MCD	D	0.04%
MSI	B	0.04%
MAR	B	0.04%
CSCO	B	0.04%
KRC	C	0.04%
SHW	A	0.04%
RSG	A	0.04%
LOW	D	0.04%
MSFT	F	0.04%
DB	D	0.04%
EIX	B	0.04%
AVGO	D	0.04%
NEE	D	0.04%
FLS	B	0.03%
SYK	C	0.03%
GOOGL	C	0.03%
HCA	F	0.03%
VZ	C	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%
AVB	B	0.02%
CLX	B	0.02%
AVY	D	0.02%
VTR	C	0.02%
AEP	D	0.02%
MUFG	B	0.02%
WMT	A	0.02%
UNH	C	0.02%
CP	D	0.01%
EQIX	A	0.0%
HD	A	0.0%
OHI	C	0.0%

SKOR Underweight 320 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	B	-7.67%
BX	A	-1.6%
FI	A	-1.53%
KKR	A	-1.16%
ICE	C	-1.11%
APO	B	-0.81%
AJG	B	-0.8%
TRV	B	-0.73%
COIN	C	-0.66%
FIS	C	-0.61%
MSCI	C	-0.59%
SQ	B	-0.58%
ACGL	D	-0.46%
MTB	A	-0.44%
HIG	B	-0.43%
ARES	A	-0.39%
RJF	A	-0.39%
TROW	B	-0.33%
CPAY	A	-0.31%
RF	A	-0.3%
LPLA	A	-0.29%
CINF	A	-0.29%
NTRS	A	-0.27%
FCNCA	A	-0.27%
PFG	D	-0.25%
WRB	A	-0.23%
FDS	B	-0.23%
IBKR	A	-0.22%
HOOD	B	-0.21%
L	A	-0.2%
EG	C	-0.2%
RGA	A	-0.19%
EQH	B	-0.19%
EWBC	A	-0.18%
TOST	B	-0.18%
TW	A	-0.18%
SOFI	A	-0.17%
UNM	A	-0.16%
AFRM	B	-0.16%
JKHY	D	-0.16%
CG	A	-0.15%
SF	B	-0.15%
EVR	B	-0.14%
ERIE	D	-0.13%
WBS	A	-0.13%
KNSL	B	-0.13%
OWL	A	-0.13%
PRI	A	-0.13%
MORN	B	-0.12%
PNFP	B	-0.12%
HLI	B	-0.12%
WAL	B	-0.12%
MKTX	D	-0.12%
SNV	B	-0.11%
CBSH	A	-0.11%
WTFC	A	-0.11%
ZION	B	-0.11%
SEIC	B	-0.11%
PB	A	-0.1%
SSB	B	-0.1%
CFR	B	-0.1%
JXN	C	-0.09%
OMF	A	-0.09%
ONB	B	-0.09%
RLI	B	-0.09%
RYAN	B	-0.09%
BPOP	B	-0.09%
HLNE	B	-0.09%
WEX	D	-0.09%
JHG	A	-0.08%
FNB	A	-0.08%
BEN	C	-0.08%
GBCI	B	-0.08%
COOP	B	-0.08%
COLB	A	-0.08%
CADE	B	-0.08%
MTG	C	-0.08%
AGNC	D	-0.08%
RDN	C	-0.07%
FOUR	B	-0.07%
UBSI	B	-0.07%
UMBF	B	-0.07%
HOMB	A	-0.07%
LNC	B	-0.07%
STWD	C	-0.07%
IVZ	B	-0.07%
SIGI	C	-0.07%
ESNT	D	-0.07%
AMG	B	-0.07%
PIPR	B	-0.07%
VLY	B	-0.06%
ABCB	B	-0.06%
EEFT	B	-0.06%
CNO	A	-0.06%
MC	C	-0.06%
SFBS	B	-0.06%
SLM	A	-0.06%
WTM	A	-0.06%
FFIN	B	-0.06%
AGO	B	-0.06%
UPST	B	-0.06%
TPG	A	-0.06%
OZK	B	-0.06%
HWC	B	-0.06%
WD	D	-0.05%
BGC	C	-0.05%
PJT	A	-0.05%
FHB	A	-0.05%
STEP	B	-0.05%
TCBI	B	-0.05%
ESGR	B	-0.05%
IBOC	A	-0.05%
ASB	B	-0.05%
AX	A	-0.05%
PFSI	D	-0.05%
VCTR	B	-0.04%
HTLF	B	-0.04%
INDB	B	-0.04%
GSHD	A	-0.04%
SFNC	B	-0.04%
CACC	D	-0.04%
BXMT	C	-0.04%
BOH	B	-0.04%
NMIH	D	-0.04%
VIRT	B	-0.04%
WAFD	B	-0.04%
CVBF	A	-0.04%
HASI	D	-0.04%
PRK	B	-0.04%
GNW	A	-0.04%
APAM	B	-0.04%
FIBK	A	-0.04%
FHI	A	-0.04%
CBU	B	-0.04%
BOKF	B	-0.04%
FBP	B	-0.04%
WSFS	A	-0.04%
AUB	B	-0.04%
EBC	B	-0.04%
CATY	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
BHF	B	-0.04%
SYBT	B	-0.03%
NATL	B	-0.03%
AGM	C	-0.03%
FBK	B	-0.03%
PRG	C	-0.03%
FRHC	B	-0.03%
TRMK	B	-0.03%
BANC	A	-0.03%
EVTC	B	-0.03%
DBRG	F	-0.03%
MCY	A	-0.03%
TFIN	A	-0.03%
RNST	B	-0.03%
NBTB	B	-0.03%
EFSC	B	-0.03%
WSBC	A	-0.03%
SBCF	A	-0.03%
IBTX	B	-0.03%
TBBK	B	-0.03%
FLYW	C	-0.03%
BANR	B	-0.03%
BANF	B	-0.03%
PPBI	B	-0.03%
OSCR	D	-0.03%
PFS	B	-0.03%
ABR	C	-0.03%
PLMR	B	-0.03%
TOWN	B	-0.03%
CNS	B	-0.03%
FRME	B	-0.03%
FFBC	A	-0.03%
PAYO	A	-0.03%
ENVA	B	-0.03%
SNEX	B	-0.03%
PMT	D	-0.02%
OCFC	B	-0.02%
SRCE	B	-0.02%
EIG	B	-0.02%
PEBO	A	-0.02%
ARI	C	-0.02%
BHLB	B	-0.02%
RC	D	-0.02%
ACT	D	-0.02%
GABC	B	-0.02%
WT	B	-0.02%
NAVI	C	-0.02%
WABC	B	-0.02%
NBHC	B	-0.02%
NNI	D	-0.02%
NIC	B	-0.02%
HTH	B	-0.02%
VBTX	B	-0.02%
CODI	B	-0.02%
TCBK	B	-0.02%
LOB	B	-0.02%
LADR	B	-0.02%
STBA	B	-0.02%
SPNT	A	-0.02%
MQ	F	-0.02%
QCRH	A	-0.02%
HOPE	B	-0.02%
CUBI	C	-0.02%
HMN	B	-0.02%
BUSE	B	-0.02%
CHCO	B	-0.02%
LMND	B	-0.02%
RKT	F	-0.02%
LC	A	-0.02%
SKWD	A	-0.02%
DFIN	D	-0.02%
LKFN	B	-0.02%
NWBI	B	-0.02%
SASR	B	-0.02%
TRUP	B	-0.02%
VRTS	B	-0.02%
FCF	A	-0.02%
FBNC	A	-0.02%
STC	B	-0.02%
CASH	A	-0.02%
OFG	B	-0.02%
CLBK	B	-0.01%
HONE	B	-0.01%
KRNY	B	-0.01%
CCBG	B	-0.01%
GDOT	D	-0.01%
PX	A	-0.01%
TRTX	B	-0.01%
GSBC	B	-0.01%
UFCS	B	-0.01%
HAFC	A	-0.01%
TREE	F	-0.01%
UWMC	D	-0.01%
NFBK	B	-0.01%
NRDS	C	-0.01%
BHB	B	-0.01%
SPFI	B	-0.01%
AMBC	C	-0.01%
TIPT	B	-0.01%
PGC	C	-0.01%
KREF	D	-0.01%
FMNB	B	-0.01%
TRST	A	-0.01%
MCB	B	-0.01%
EZPW	A	-0.01%
LPRO	C	-0.01%
FSBC	B	-0.01%
THFF	B	-0.01%
CTLP	B	-0.01%
MSBI	B	-0.01%
PAY	B	-0.01%
SMBC	B	-0.01%
UVE	B	-0.01%
IIIV	C	-0.01%
CAC	B	-0.01%
RBCAA	B	-0.01%
EQBK	A	-0.01%
BFH	B	-0.01%
RPAY	D	-0.01%
TFSL	A	-0.01%
IMXI	B	-0.01%
CPF	A	-0.01%
BFST	C	-0.01%
CASS	B	-0.01%
MCBS	B	-0.01%
AMTB	B	-0.01%
FG	B	-0.01%
CFFN	B	-0.01%
FCBC	B	-0.01%
HTBK	A	-0.01%
CMTG	F	-0.01%
PRA	C	-0.01%
PFBC	B	-0.01%
AMAL	B	-0.01%
OSBC	A	-0.01%
EGBN	B	-0.01%
FMBH	B	-0.01%
CCB	A	-0.01%
CFB	B	-0.01%
WASH	C	-0.01%
HFWA	B	-0.01%
TMP	B	-0.01%
PRAA	C	-0.01%
BFC	B	-0.01%
BHRB	B	-0.01%
HBNC	B	-0.01%
BRSP	B	-0.01%
MBIN	D	-0.01%
BSIG	A	-0.01%
DX	B	-0.01%
MBWM	B	-0.01%
RWT	D	-0.01%
BY	B	-0.01%
SBSI	B	-0.01%
OBK	B	-0.01%
ECPG	B	-0.01%
CNOB	B	-0.01%
EFC	C	-0.01%
CTBI	B	-0.01%
CNNE	B	-0.01%
HCI	C	-0.01%
IBCP	B	-0.01%
BRKL	B	-0.01%
FBMS	B	-0.01%
UVSP	B	-0.01%
FBRT	C	-0.01%
AMSF	B	-0.01%
PFC	A	-0.01%
DCOM	A	-0.01%
SAFT	C	-0.01%
AROW	B	-0.0%
RILY	F	-0.0%
GCBC	C	-0.0%
DGICA	A	-0.0%
DHIL	A	-0.0%
HGTY	B	-0.0%
HBT	B	-0.0%
WRLD	C	-0.0%