SKOR vs. QLV ETF Comparison

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

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

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

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	QLV
30 Days	-0.31%	0.23%
60 Days	-1.61%	1.42%
90 Days	-0.51%	3.24%
12 Months	7.12%	25.29%

58 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in QLV	Overlap
AAPL	C	0.09%	5.13%	0.09%
ABBV	D	0.08%	0.97%	0.08%
ADI	D	0.15%	0.15%	0.15%
ADP	B	0.07%	0.92%	0.07%
AEE	A	0.25%	0.56%	0.25%
AEP	D	0.02%	0.52%	0.02%
AIZ	A	0.04%	0.84%	0.04%
ALL	A	0.15%	0.62%	0.15%
AMGN	D	0.11%	0.73%	0.11%
AMZN	C	0.11%	2.5%	0.11%
AVGO	D	0.04%	0.4%	0.04%
AVY	D	0.02%	0.64%	0.02%
AZO	C	0.05%	0.56%	0.05%
CB	C	0.1%	0.72%	0.1%
CME	A	0.12%	0.91%	0.12%
CMS	C	0.08%	0.53%	0.08%
DLR	B	0.1%	0.65%	0.1%
DUK	C	0.08%	0.87%	0.08%
EA	A	0.04%	0.23%	0.04%
ED	D	0.11%	0.77%	0.11%
EQIX	A	0.0%	0.62%	0.0%
FLO	D	0.09%	0.47%	0.09%
GD	F	0.14%	0.61%	0.14%
GILD	C	0.13%	1.11%	0.13%
GIS	D	0.08%	0.72%	0.08%
GOOGL	C	0.03%	0.87%	0.03%
HII	D	0.04%	0.36%	0.04%
IBM	C	0.09%	1.77%	0.09%
JNJ	D	0.18%	1.68%	0.18%
JPM	A	0.01%	0.21%	0.01%
K	A	0.11%	0.77%	0.11%
LMT	D	0.23%	1.07%	0.23%
MCD	D	0.04%	1.97%	0.04%
MCK	B	0.09%	0.35%	0.09%
MKL	A	0.11%	0.54%	0.11%
MMC	B	0.01%	0.05%	0.01%
MSFT	F	0.04%	7.86%	0.04%
NFG	A	0.08%	0.37%	0.08%
NOC	D	0.19%	0.6%	0.19%
PEP	F	0.24%	1.52%	0.24%
PG	A	0.06%	3.17%	0.06%
PKG	A	0.07%	0.61%	0.07%
PM	B	0.17%	0.21%	0.17%
PSA	D	0.08%	0.84%	0.08%
ROP	B	0.08%	0.14%	0.08%
RSG	A	0.04%	0.58%	0.04%
SO	D	0.1%	0.68%	0.1%
T	A	0.12%	1.46%	0.12%
TMUS	B	0.14%	1.14%	0.14%
TXN	C	0.07%	0.86%	0.07%
UNH	C	0.02%	0.07%	0.02%
V	A	0.1%	2.25%	0.1%
VRSK	A	0.1%	0.39%	0.1%
VZ	C	0.03%	1.58%	0.03%
WEC	A	0.17%	0.83%	0.17%
WM	A	0.13%	0.68%	0.13%
WTW	B	0.06%	0.87%	0.06%
XEL	A	0.14%	0.62%	0.14%

SKOR Overweight 247 Positions Relative to QLV

Symbol	Grade	Weight
LEN	D	0.32%
KMI	A	0.28%
FOXA	B	0.25%
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%
CHD	B	0.18%
ELV	F	0.18%
CCI	D	0.18%
TD	F	0.17%
DOW	F	0.17%
GPN	B	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	B	0.14%
TDY	B	0.14%
CI	F	0.14%
ALLY	C	0.14%
OKE	A	0.14%
WU	D	0.13%
BWA	D	0.13%
AMT	D	0.13%
JBHT	C	0.12%
BRX	A	0.12%
O	D	0.12%
AMCR	D	0.12%
INTC	D	0.12%
HUM	C	0.12%
APH	A	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	C	0.11%
ORCL	B	0.11%
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%
INTU	C	0.1%
MO	A	0.1%
COST	B	0.1%
GS	A	0.1%
LHX	C	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%
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	A	0.09%
KMB	D	0.08%
BR	A	0.08%
AFG	A	0.08%
ADSK	A	0.08%
AWH	F	0.08%
QCOM	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%
KLAC	D	0.08%
HP	B	0.08%
ORI	A	0.08%
H	B	0.08%
UPS	C	0.08%
CBOE	B	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%
NDAQ	A	0.08%
WHR	B	0.08%
BRO	B	0.08%
WELL	A	0.08%
TT	A	0.08%
SPGI	C	0.08%
ORLY	B	0.08%
JEF	A	0.08%
BLK	C	0.08%
KEY	B	0.08%
MMM	D	0.08%
MU	D	0.08%
GLPI	C	0.08%
SYF	B	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	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%
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%
MCO	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%
ROK	B	0.06%
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%
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%
DLTR	F	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	C	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	B	0.04%
MAR	B	0.04%
CSCO	B	0.04%
KRC	C	0.04%
SCHW	B	0.04%
SHW	A	0.04%
LOW	D	0.04%
DB	D	0.04%
EIX	B	0.04%
MA	C	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%
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	B	0.02%
AVB	B	0.02%
CLX	B	0.02%
VTR	C	0.02%
COF	B	0.02%
MUFG	B	0.02%
WMT	A	0.02%
CP	D	0.01%
HD	A	0.0%
OHI	C	0.0%
PRU	A	0.0%
BAC	A	0.0%

SKOR Underweight 56 Positions Relative to QLV

Symbol	Grade	Weight
NVDA	C	-5.54%
LLY	F	-2.4%
MRK	F	-2.29%
META	D	-1.27%
XOM	B	-1.15%
ABT	B	-0.92%
QLYS	C	-0.89%
ATR	B	-0.89%
WDFC	B	-0.81%
TYL	B	-0.81%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
CHKP	D	-0.72%
ZM	B	-0.7%
QGEN	D	-0.67%
TRV	B	-0.66%
DTM	B	-0.65%
GOOG	C	-0.62%
CALM	A	-0.62%
SMMT	D	-0.61%
BRK.A	B	-0.59%
CINF	A	-0.59%
WCN	A	-0.57%
CTVA	C	-0.57%
SIGI	C	-0.55%
STNG	F	-0.55%
JKHY	D	-0.53%
SCI	B	-0.53%
CTRA	B	-0.53%
WRB	A	-0.53%
ADC	B	-0.52%
PNW	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
REGN	F	-0.47%
HSY	F	-0.46%
TTEK	F	-0.46%
NBIX	C	-0.43%
HRL	D	-0.4%
BMRN	D	-0.37%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
NCNO	B	-0.13%
CAG	D	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
EXPD	D	-0.03%