SKOR vs. IETC ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to iShares Evolved U.S. Technology ETF (IETC)

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

IETC

iShares Evolved U.S. Technology ETF

IETC Description

The investment seeks to provide access to U.S. companies with technology exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization technology companies. It will hold common stock of those companies that fall into the Technology Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$82.77

Average Daily Volume

19,325

Number of Holdings ^*

117

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	IETC
30 Days	-0.31%	3.17%
60 Days	-1.61%	5.58%
90 Days	-0.51%	8.32%
12 Months	7.12%	39.98%

35 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in IETC	Overlap
AAPL	C	0.09%	2.45%	0.09%
ADBE	C	0.09%	1.15%	0.09%
ADP	B	0.07%	0.07%	0.07%
ADSK	A	0.08%	0.74%	0.08%
AMZN	C	0.11%	7.6%	0.11%
AVGO	D	0.04%	11.53%	0.04%
CBOE	B	0.08%	0.06%	0.06%
CL	D	0.09%	0.04%	0.04%
CSCO	B	0.04%	1.85%	0.04%
EA	A	0.04%	0.13%	0.04%
EQIX	A	0.0%	0.77%	0.0%
FTV	C	0.04%	0.0%	0.0%
GOOGL	C	0.03%	2.26%	0.03%
GPN	B	0.17%	1.14%	0.17%
IBM	C	0.09%	2.06%	0.09%
INTU	C	0.1%	0.07%	0.07%
KEYS	A	0.08%	0.2%	0.08%
KLAC	D	0.08%	0.34%	0.08%
LMT	D	0.23%	0.41%	0.23%
MA	C	0.04%	0.94%	0.04%
MCO	B	0.07%	0.35%	0.07%
MMC	B	0.01%	0.19%	0.01%
MSFT	F	0.04%	7.52%	0.04%
MSI	B	0.04%	2.42%	0.04%
MU	D	0.08%	0.41%	0.08%
NDAQ	A	0.08%	0.09%	0.08%
NTAP	C	0.07%	0.84%	0.07%
ORCL	B	0.11%	3.64%	0.11%
PH	A	0.02%	1.01%	0.02%
QCOM	F	0.08%	1.29%	0.08%
ROK	B	0.06%	0.07%	0.06%
TDY	B	0.14%	0.06%	0.06%
TXN	C	0.07%	0.29%	0.07%
VRSK	A	0.1%	0.64%	0.1%
VRSN	F	0.19%	2.01%	0.19%

SKOR Overweight 270 Positions Relative to IETC

Symbol	Grade	Weight
LEN	D	0.32%
KMI	A	0.28%
FOXA	B	0.25%
AEE	A	0.25%
PEP	F	0.24%
SPG	B	0.22%
NXPI	D	0.21%
CHTR	C	0.2%
GM	B	0.2%
PHM	D	0.2%
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%
ALL	A	0.15%
ADI	D	0.15%
RPRX	D	0.14%
XEL	A	0.14%
CMCSA	B	0.14%
CI	F	0.14%
ALLY	C	0.14%
OKE	A	0.14%
GD	F	0.14%
TMUS	B	0.14%
WU	D	0.13%
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%
CME	A	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%
MKL	A	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	C	0.11%
DLR	B	0.1%
BMY	B	0.1%
BIDU	F	0.1%
WY	D	0.1%
CNP	B	0.1%
LNT	A	0.1%
BKU	A	0.1%
TRMB	B	0.1%
CB	C	0.1%
MO	A	0.1%
COST	B	0.1%
SO	D	0.1%
GS	A	0.1%
LHX	C	0.1%
V	A	0.1%
VNT	B	0.09%
THG	A	0.09%
SBUX	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%
HST	C	0.09%
MCK	B	0.09%
FLO	D	0.09%
LAZ	B	0.09%
MLM	B	0.09%
BNS	A	0.09%
AON	A	0.09%
FITB	A	0.09%
KMB	D	0.08%
BR	A	0.08%
AFG	A	0.08%
PSA	D	0.08%
AWH	F	0.08%
BG	F	0.08%
FAF	A	0.08%
LEA	D	0.08%
HBAN	A	0.08%
BDX	F	0.08%
EBAY	D	0.08%
CSL	C	0.08%
CMS	C	0.08%
HP	B	0.08%
ORI	A	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%
KDP	D	0.08%
WHR	B	0.08%
ROP	B	0.08%
BRO	B	0.08%
WELL	A	0.08%
TT	A	0.08%
SPGI	C	0.08%
GIS	D	0.08%
NFG	A	0.08%
ORLY	B	0.08%
JEF	A	0.08%
BLK	C	0.08%
KEY	B	0.08%
MMM	D	0.08%
DUK	C	0.08%
GLPI	C	0.08%
SYF	B	0.08%
D	C	0.08%
ABBV	D	0.08%
C	A	0.08%
EMR	A	0.07%
AVT	C	0.07%
KMPR	B	0.07%
PLD	D	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%
USB	A	0.07%
AWK	D	0.07%
AMP	A	0.07%
CUBE	D	0.07%
HUBB	B	0.07%
OTIS	C	0.07%
CFG	B	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	A	0.07%
BABA	D	0.07%
HSBC	B	0.07%
WFC	A	0.07%
SKT	B	0.06%
REG	B	0.06%
CPB	D	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%
WTW	B	0.06%
TFC	A	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%
BK	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%
VOYA	B	0.04%
KRG	B	0.04%
RNR	C	0.04%
AIZ	A	0.04%
SJM	D	0.04%
RPM	A	0.04%
ARE	D	0.04%
CMI	A	0.04%
PGR	A	0.04%
HII	D	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%
MCD	D	0.04%
MAR	B	0.04%
KRC	C	0.04%
SCHW	B	0.04%
SHW	A	0.04%
RSG	A	0.04%
LOW	D	0.04%
DB	D	0.04%
EIX	B	0.04%
NEE	D	0.04%
MS	A	0.04%
FLS	B	0.03%
SYK	C	0.03%
FNF	B	0.03%
HCA	F	0.03%
PNC	B	0.03%
VZ	C	0.03%
CTAS	B	0.02%
AAP	C	0.02%
BDN	C	0.02%
MAA	B	0.02%
EQR	B	0.02%
PYPL	B	0.02%
AVB	B	0.02%
CLX	B	0.02%
AVY	D	0.02%
VTR	C	0.02%
COF	B	0.02%
AEP	D	0.02%
MUFG	B	0.02%
WMT	A	0.02%
UNH	C	0.02%
CP	D	0.01%
JPM	A	0.01%
HD	A	0.0%
OHI	C	0.0%
PRU	A	0.0%
BAC	A	0.0%

SKOR Underweight 82 Positions Relative to IETC

Symbol	Grade	Weight
NVDA	C	-8.86%
ACN	C	-4.27%
CRM	B	-3.91%
NOW	A	-2.14%
CDNS	B	-1.88%
META	D	-1.77%
ICE	C	-1.64%
GOOG	C	-1.39%
FTNT	C	-1.26%
MANH	D	-1.25%
TEAM	A	-0.86%
PANW	C	-0.83%
SSNC	B	-0.73%
AMD	F	-0.7%
WDAY	B	-0.69%
ABNB	C	-0.66%
TTD	B	-0.64%
ANET	C	-0.62%
PLTR	B	-0.61%
IT	C	-0.61%
TYL	B	-0.61%
ZM	B	-0.59%
CDW	F	-0.57%
MPWR	F	-0.52%
ANSS	B	-0.41%
CSGP	D	-0.39%
CRWD	B	-0.35%
MSTR	C	-0.34%
G	B	-0.33%
COIN	C	-0.3%
FDS	B	-0.3%
UBER	D	-0.23%
SQ	B	-0.22%
TTEK	F	-0.21%
DASH	A	-0.21%
BAH	F	-0.2%
SNPS	B	-0.2%
QLYS	C	-0.18%
DDOG	A	-0.18%
BSY	D	-0.17%
TRU	D	-0.17%
LRCX	F	-0.16%
AKAM	D	-0.15%
HUBS	A	-0.15%
CACI	D	-0.15%
SWKS	F	-0.14%
PINS	D	-0.14%
IQV	D	-0.13%
MSCI	C	-0.12%
VRT	B	-0.11%
IRM	D	-0.1%
CFLT	B	-0.1%
SLB	C	-0.1%
TER	D	-0.1%
IPG	D	-0.1%
VEEV	C	-0.1%
NSIT	F	-0.09%
QRVO	F	-0.07%
LPLA	A	-0.07%
SNAP	C	-0.07%
CPNG	D	-0.06%
CPAY	A	-0.06%
JNPR	F	-0.06%
SLAB	D	-0.06%
BBY	D	-0.06%
DELL	C	-0.06%
FBIN	D	-0.06%
DXC	B	-0.05%
BILL	A	-0.05%
DOCN	D	-0.05%
ILMN	D	-0.05%
SAIC	F	-0.05%
GLW	B	-0.04%
APPN	B	-0.04%
MMS	F	-0.04%
GDDY	A	-0.02%
ZI	D	-0.02%
ENPH	F	-0.02%
XYL	D	-0.02%
RIVN	F	-0.01%
ALGN	D	-0.0%
GRAL	C	-0.0%

IETC: Top Represented Industries & Keywords

Industries: Software - Application Business Services Semiconductors Information Technology Services Software - Infrastructure Internet Content & Information Capital Markets Semiconductor Equipment & Materials Communication Equipment Diagnostics & Research Diversified Industrials Financial Data & Stock Exchanges Scientific & Technical Instruments Computer Systems Internet Content & Information Specialty Retail Advertising Agencies Aerospace & Defense Auto Manufacturers Conglomerates