SKOR vs. RAVI ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to FlexShares Ready Access Variable Income Fund (RAVI)

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

$47.99

Average Daily Volume

46,485

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.43

Average Daily Volume

74,707

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	RAVI
30 Days	-0.47%	0.38%
60 Days	-1.65%	0.67%
90 Days	-0.49%	1.22%
12 Months	7.15%	5.43%

71 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in RAVI	Overlap
ABBV	F	0.08%	0.13%	0.08%
AEE	A	0.25%	0.17%	0.17%
AEP	C	0.02%	0.38%	0.02%
AIG	B	0.04%	0.57%	0.04%
AL	B	0.06%	0.25%	0.06%
AMT	C	0.13%	0.13%	0.13%
AMZN	C	0.11%	0.42%	0.11%
AON	A	0.09%	0.46%	0.09%
ARCC	A	0.11%	0.3%	0.11%
ATHS	D	0.11%	0.26%	0.11%
AZO	C	0.05%	0.52%	0.05%
BA	F	0.06%	0.15%	0.06%
BAC	A	0.0%	0.57%	0.0%
BDX	F	0.08%	0.51%	0.08%
BMY	B	0.1%	0.43%	0.1%
BNS	A	0.09%	0.52%	0.09%
C	A	0.08%	0.24%	0.08%
CCI	C	0.18%	0.49%	0.18%
CFG	B	0.07%	0.29%	0.07%
CI	D	0.14%	0.67%	0.14%
CLX	A	0.02%	0.26%	0.02%
CM	A	0.11%	0.62%	0.11%
CMCSA	B	0.14%	0.28%	0.14%
CMS	C	0.08%	0.24%	0.08%
CNP	A	0.1%	0.2%	0.1%
COF	C	0.02%	0.06%	0.02%
CP	F	0.01%	0.27%	0.01%
CVS	D	0.16%	0.16%	0.16%
D	C	0.08%	0.51%	0.08%
DB	D	0.04%	0.28%	0.04%
DHI	F	0.07%	0.13%	0.07%
DHR	F	0.09%	0.86%	0.09%
DTE	C	0.09%	0.77%	0.09%
DUK	C	0.08%	0.07%	0.07%
ED	C	0.11%	1.05%	0.11%
EFX	F	0.05%	0.1%	0.05%
FITB	B	0.09%	0.22%	0.09%
FOXA	A	0.25%	0.21%	0.21%
GILD	C	0.13%	0.59%	0.13%
GM	C	0.2%	0.1%	0.1%
GS	A	0.1%	0.26%	0.1%
HSBC	A	0.07%	0.29%	0.07%
JPM	A	0.01%	0.03%	0.01%
KDP	F	0.08%	0.95%	0.08%
KEY	B	0.08%	0.16%	0.08%
LEN	D	0.32%	0.26%	0.26%
MDLZ	F	0.07%	0.09%	0.07%
MET	A	0.09%	0.13%	0.09%
MKC	C	0.07%	0.17%	0.07%
MLM	C	0.09%	0.28%	0.09%
MS	A	0.04%	0.06%	0.04%
MUFG	B	0.02%	0.14%	0.02%
NDAQ	A	0.08%	0.31%	0.08%
NEE	C	0.04%	0.57%	0.04%
OTIS	C	0.07%	0.95%	0.07%
PYPL	B	0.02%	0.95%	0.02%
ROP	B	0.08%	0.07%	0.07%
RY	A	0.05%	0.51%	0.05%
SBUX	A	0.09%	0.18%	0.09%
SCHW	B	0.04%	0.42%	0.04%
SJM	D	0.04%	0.57%	0.04%
SO	C	0.1%	0.26%	0.1%
SYK	B	0.03%	0.49%	0.03%
T	A	0.12%	0.3%	0.12%
TD	D	0.17%	0.51%	0.17%
TFC	A	0.06%	0.59%	0.06%
UNH	B	0.02%	0.43%	0.02%
VLO	C	0.08%	1.51%	0.08%
VZ	C	0.03%	0.1%	0.03%
WFC	A	0.07%	0.26%	0.07%
WM	B	0.13%	0.69%	0.13%

SKOR Overweight 234 Positions Relative to RAVI

Symbol	Grade	Weight
KMI	A	0.28%
PEP	F	0.24%
LMT	D	0.23%
SPG	A	0.22%
NXPI	D	0.21%
CHTR	C	0.2%
PHM	D	0.2%
VRSN	C	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	A	0.18%
ELV	F	0.18%
JNJ	C	0.18%
DOW	F	0.17%
GPN	B	0.17%
WEC	A	0.17%
ATO	A	0.17%
PM	B	0.17%
DG	F	0.16%
LII	A	0.16%
ARW	D	0.15%
ALL	A	0.15%
ADI	D	0.15%
RPRX	D	0.14%
XEL	A	0.14%
TDY	B	0.14%
ALLY	C	0.14%
OKE	A	0.14%
GD	D	0.14%
TMUS	B	0.14%
WU	F	0.13%
BWA	D	0.13%
JBHT	C	0.12%
BRX	A	0.12%
O	C	0.12%
AMCR	C	0.12%
CME	B	0.12%
INTC	C	0.12%
HUM	C	0.12%
APH	A	0.11%
AMGN	F	0.11%
SWK	D	0.11%
BHP	F	0.11%
K	A	0.11%
MKL	A	0.11%
NVT	B	0.11%
UNP	C	0.11%
BMO	A	0.11%
DFS	B	0.11%
LH	B	0.11%
ORCL	A	0.11%
VRSK	A	0.1%
DLR	B	0.1%
BIDU	F	0.1%
WY	F	0.1%
LNT	A	0.1%
BKU	A	0.1%
TRMB	B	0.1%
CB	C	0.1%
INTU	B	0.1%
MO	A	0.1%
COST	A	0.1%
LHX	C	0.1%
V	A	0.1%
VNT	C	0.09%
IBM	C	0.09%
THG	A	0.09%
CARR	C	0.09%
FHN	A	0.09%
DIS	B	0.09%
BXP	C	0.09%
CMA	B	0.09%
AGR	A	0.09%
CL	D	0.09%
HST	C	0.09%
MCK	A	0.09%
ADBE	C	0.09%
FLO	D	0.09%
LAZ	B	0.09%
AAPL	C	0.09%
KMB	C	0.08%
BR	A	0.08%
AFG	A	0.08%
PSA	C	0.08%
ADSK	A	0.08%
AWH	F	0.08%
QCOM	F	0.08%
BG	D	0.08%
FAF	A	0.08%
LEA	F	0.08%
HBAN	A	0.08%
EBAY	D	0.08%
CSL	C	0.08%
KLAC	F	0.08%
HP	C	0.08%
ORI	A	0.08%
H	B	0.08%
UPS	C	0.08%
CBOE	C	0.08%
KO	D	0.08%
DSS	F	0.08%
AMH	C	0.08%
EW	C	0.08%
DINO	D	0.08%
KEYS	A	0.08%
WHR	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	B	0.08%
MMM	D	0.08%
MU	D	0.08%
GLPI	C	0.08%
SYF	B	0.08%
ADP	A	0.07%
EMR	B	0.07%
AVT	C	0.07%
KMPR	A	0.07%
PLD	F	0.07%
NTAP	C	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	C	0.07%
BAX	F	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%
USB	A	0.07%
AWK	C	0.07%
TXN	C	0.07%
AMP	A	0.07%
CUBE	C	0.07%
HUBB	B	0.07%
MCO	B	0.07%
STT	B	0.07%
SRE	A	0.07%
PEG	A	0.07%
HPQ	B	0.07%
AXP	A	0.07%
EPD	A	0.07%
BABA	D	0.07%
ROK	C	0.06%
SKT	A	0.06%
REG	A	0.06%
CPB	D	0.06%
WAB	B	0.06%
SCS	C	0.06%
GL	C	0.06%
ECL	D	0.06%
WPC	C	0.06%
WTW	B	0.06%
PG	C	0.06%
NNN	C	0.06%
SITC	D	0.05%
DT	D	0.05%
BK	A	0.05%
AER	A	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%
AIZ	A	0.04%
RPM	A	0.04%
EA	A	0.04%
ARE	F	0.04%
CMI	A	0.04%
PGR	A	0.04%
HII	F	0.04%
AXS	A	0.04%
HIW	C	0.04%
CSX	C	0.04%
AFL	B	0.04%
HON	C	0.04%
ES	C	0.04%
MCD	D	0.04%
MSI	B	0.04%
MAR	A	0.04%
CSCO	B	0.04%
KRC	B	0.04%
SHW	B	0.04%
RSG	A	0.04%
LOW	C	0.04%
MSFT	D	0.04%
EIX	B	0.04%
MA	B	0.04%
AVGO	D	0.04%
FLS	B	0.03%
GOOGL	C	0.03%
FNF	B	0.03%
HCA	F	0.03%
PNC	B	0.03%
PH	A	0.02%
CTAS	B	0.02%
AAP	D	0.02%
BDN	C	0.02%
MAA	B	0.02%
EQR	C	0.02%
AVB	B	0.02%
AVY	F	0.02%
VTR	B	0.02%
WMT	A	0.02%
MMC	B	0.01%
EQIX	A	0.0%
HD	B	0.0%
OHI	C	0.0%
PRU	A	0.0%

SKOR Underweight 30 Positions Relative to RAVI

Symbol	Grade	Weight
OGS	A	-1.05%
LYB	F	-0.83%
GE	D	-0.76%
TSN	B	-0.7%
GP	F	-0.59%
NVDA	B	-0.52%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	A	-0.39%
ETR	B	-0.38%
CVX	A	-0.33%
DELL	B	-0.28%
CAT	B	-0.26%
FIS	C	-0.23%
MCHP	F	-0.22%
PPL	A	-0.22%
NYC	D	-0.21%
LUV	C	-0.18%
BHF	C	-0.17%
SEB	F	-0.16%
UBS	B	-0.16%
PSX	C	-0.16%
AZN	F	-0.15%
NWG	A	-0.15%
ICE	C	-0.15%
CNH	C	-0.13%
HPE	B	-0.11%
R	B	-0.08%
HRL	D	-0.07%
PCAR	B	-0.05%