SKOR vs. SPY ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to SPDR S&P 500 (SPY)

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

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$595.51

Average Daily Volume

43,227,909

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	SPY
30 Days	-0.31%	3.03%
60 Days	-1.61%	4.54%
90 Days	-0.51%	6.26%
12 Months	7.12%	32.65%

228 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in SPY	Overlap
A	D	0.07%	0.08%	0.07%
AAPL	C	0.09%	6.89%	0.09%
ABBV	D	0.08%	0.6%	0.08%
ADBE	C	0.09%	0.47%	0.09%
ADI	D	0.15%	0.21%	0.15%
ADP	B	0.07%	0.24%	0.07%
ADSK	A	0.08%	0.13%	0.08%
AEE	A	0.25%	0.05%	0.05%
AEP	D	0.02%	0.1%	0.02%
AFL	B	0.04%	0.11%	0.04%
AIG	B	0.04%	0.1%	0.04%
AIZ	A	0.04%	0.02%	0.02%
ALL	A	0.15%	0.1%	0.1%
ALLE	D	0.07%	0.02%	0.02%
AMCR	D	0.12%	0.03%	0.03%
AMGN	D	0.11%	0.32%	0.11%
AMP	A	0.07%	0.11%	0.07%
AMT	D	0.13%	0.18%	0.13%
AMZN	C	0.11%	3.92%	0.11%
AON	A	0.09%	0.16%	0.09%
APD	A	0.19%	0.14%	0.14%
APH	A	0.11%	0.17%	0.11%
ARE	D	0.04%	0.03%	0.03%
ATO	A	0.17%	0.04%	0.04%
AVB	B	0.02%	0.06%	0.02%
AVGO	D	0.04%	1.58%	0.04%
AVY	D	0.02%	0.03%	0.02%
AWK	D	0.07%	0.05%	0.05%
AXP	A	0.07%	0.32%	0.07%
AZO	C	0.05%	0.11%	0.05%
BA	F	0.06%	0.2%	0.06%
BAC	A	0.0%	0.62%	0.0%
BAX	D	0.07%	0.03%	0.03%
BDX	F	0.08%	0.13%	0.08%
BG	F	0.08%	0.02%	0.02%
BK	A	0.05%	0.11%	0.05%
BLK	C	0.08%	0.29%	0.08%
BMY	B	0.1%	0.24%	0.1%
BR	A	0.08%	0.05%	0.05%
BRO	B	0.08%	0.05%	0.05%
BWA	D	0.13%	0.02%	0.02%
BXP	D	0.09%	0.02%	0.02%
C	A	0.08%	0.26%	0.08%
CARR	D	0.09%	0.13%	0.09%
CB	C	0.1%	0.21%	0.1%
CBOE	B	0.08%	0.04%	0.04%
CCI	D	0.18%	0.09%	0.09%
CE	F	0.07%	0.02%	0.02%
CFG	B	0.07%	0.04%	0.04%
CHD	B	0.18%	0.05%	0.05%
CHTR	C	0.2%	0.08%	0.08%
CI	F	0.14%	0.18%	0.14%
CL	D	0.09%	0.15%	0.09%
CLX	B	0.02%	0.04%	0.02%
CMCSA	B	0.14%	0.33%	0.14%
CME	A	0.12%	0.16%	0.12%
CMI	A	0.04%	0.1%	0.04%
CMS	C	0.08%	0.04%	0.04%
CNP	B	0.1%	0.04%	0.04%
COF	B	0.02%	0.14%	0.02%
COST	B	0.1%	0.81%	0.1%
CPB	D	0.06%	0.02%	0.02%
CPT	B	0.07%	0.03%	0.03%
CSCO	B	0.04%	0.46%	0.04%
CSX	B	0.04%	0.14%	0.04%
CTAS	B	0.02%	0.15%	0.02%
CVS	D	0.16%	0.14%	0.14%
D	C	0.08%	0.09%	0.08%
DFS	B	0.11%	0.09%	0.09%
DG	F	0.16%	0.03%	0.03%
DGX	A	0.07%	0.03%	0.03%
DHI	D	0.07%	0.1%	0.07%
DHR	F	0.09%	0.31%	0.09%
DIS	B	0.09%	0.39%	0.09%
DLR	B	0.1%	0.11%	0.1%
DLTR	F	0.05%	0.03%	0.03%
DOV	A	0.07%	0.06%	0.06%
DOW	F	0.17%	0.06%	0.06%
DTE	C	0.09%	0.05%	0.05%
DUK	C	0.08%	0.17%	0.08%
EA	A	0.04%	0.08%	0.04%
EBAY	D	0.08%	0.06%	0.06%
ECL	D	0.06%	0.12%	0.06%
ED	D	0.11%	0.07%	0.07%
EFX	F	0.05%	0.06%	0.05%
EIX	B	0.04%	0.06%	0.04%
ELV	F	0.18%	0.19%	0.18%
EMR	A	0.07%	0.15%	0.07%
EQIX	A	0.0%	0.17%	0.0%
EQR	B	0.02%	0.05%	0.02%
ES	D	0.04%	0.04%	0.04%
ESS	B	0.07%	0.04%	0.04%
EW	C	0.08%	0.08%	0.08%
FITB	A	0.09%	0.06%	0.06%
FMC	D	0.07%	0.01%	0.01%
FOXA	B	0.25%	0.02%	0.02%
FTV	C	0.04%	0.05%	0.04%
GD	F	0.14%	0.15%	0.14%
GILD	C	0.13%	0.23%	0.13%
GIS	D	0.08%	0.07%	0.07%
GL	B	0.06%	0.02%	0.02%
GM	B	0.2%	0.13%	0.13%
GOOGL	C	0.03%	2.04%	0.03%
GPN	B	0.17%	0.06%	0.06%
GS	A	0.1%	0.37%	0.1%
HBAN	A	0.08%	0.05%	0.05%
HCA	F	0.03%	0.13%	0.03%
HD	A	0.0%	0.8%	0.0%
HII	D	0.04%	0.02%	0.02%
HON	B	0.04%	0.3%	0.04%
HPQ	B	0.07%	0.07%	0.07%
HST	C	0.09%	0.02%	0.02%
HUBB	B	0.07%	0.05%	0.05%
HUM	C	0.12%	0.07%	0.07%
IBM	C	0.09%	0.38%	0.09%
INTC	D	0.12%	0.21%	0.12%
INTU	C	0.1%	0.39%	0.1%
ITW	B	0.07%	0.14%	0.07%
JBHT	C	0.12%	0.03%	0.03%
JNJ	D	0.18%	0.73%	0.18%
JPM	A	0.01%	1.37%	0.01%
K	A	0.11%	0.04%	0.04%
KDP	D	0.08%	0.07%	0.07%
KEY	B	0.08%	0.04%	0.04%
KEYS	A	0.08%	0.05%	0.05%
KIM	A	0.04%	0.03%	0.03%
KLAC	D	0.08%	0.17%	0.08%
KMB	D	0.08%	0.09%	0.08%
KMI	A	0.28%	0.1%	0.1%
KO	D	0.08%	0.48%	0.08%
LEN	D	0.32%	0.08%	0.08%
LH	C	0.11%	0.04%	0.04%
LHX	C	0.1%	0.09%	0.09%
LMT	D	0.23%	0.23%	0.23%
LNT	A	0.1%	0.03%	0.03%
LOW	D	0.04%	0.31%	0.04%
MA	C	0.04%	0.85%	0.04%
MAA	B	0.02%	0.04%	0.02%
MAR	B	0.04%	0.13%	0.04%
MAS	D	0.19%	0.03%	0.03%
MCD	D	0.04%	0.43%	0.04%
MCK	B	0.09%	0.16%	0.09%
MCO	B	0.07%	0.15%	0.07%
MDLZ	F	0.07%	0.17%	0.07%
MET	A	0.09%	0.1%	0.09%
MKC	D	0.07%	0.04%	0.04%
MLM	B	0.09%	0.07%	0.07%
MMC	B	0.01%	0.22%	0.01%
MMM	D	0.08%	0.14%	0.08%
MO	A	0.1%	0.19%	0.1%
MS	A	0.04%	0.33%	0.04%
MSFT	F	0.04%	6.3%	0.04%
MSI	B	0.04%	0.16%	0.04%
MU	D	0.08%	0.22%	0.08%
NDAQ	A	0.08%	0.06%	0.06%
NEE	D	0.04%	0.31%	0.04%
NI	A	0.19%	0.03%	0.03%
NOC	D	0.19%	0.14%	0.14%
NSC	B	0.07%	0.12%	0.07%
NTAP	C	0.07%	0.05%	0.05%
NXPI	D	0.21%	0.11%	0.11%
O	D	0.12%	0.1%	0.1%
OKE	A	0.14%	0.13%	0.13%
ORCL	B	0.11%	0.59%	0.11%
ORLY	B	0.08%	0.14%	0.08%
OTIS	C	0.07%	0.08%	0.07%
PCG	A	0.07%	0.09%	0.07%
PEG	A	0.07%	0.09%	0.07%
PEP	F	0.24%	0.45%	0.24%
PG	A	0.06%	0.78%	0.06%
PGR	A	0.04%	0.3%	0.04%
PH	A	0.02%	0.18%	0.02%
PHM	D	0.2%	0.05%	0.05%
PKG	A	0.07%	0.04%	0.04%
PLD	D	0.07%	0.21%	0.07%
PM	B	0.17%	0.4%	0.17%
PNC	B	0.03%	0.16%	0.03%
PPG	F	0.07%	0.06%	0.06%
PRU	A	0.0%	0.09%	0.0%
PSA	D	0.08%	0.1%	0.08%
PYPL	B	0.02%	0.17%	0.02%
QCOM	F	0.08%	0.36%	0.08%
REG	B	0.06%	0.02%	0.02%
ROK	B	0.06%	0.06%	0.06%
ROP	B	0.08%	0.12%	0.08%
RSG	A	0.04%	0.08%	0.04%
SBUX	A	0.09%	0.22%	0.09%
SCHW	B	0.04%	0.24%	0.04%
SHW	A	0.04%	0.18%	0.04%
SJM	D	0.04%	0.02%	0.02%
SO	D	0.1%	0.19%	0.1%
SPG	B	0.22%	0.11%	0.11%
SPGI	C	0.08%	0.32%	0.08%
SRE	A	0.07%	0.11%	0.07%
STLD	B	0.04%	0.04%	0.04%
STT	A	0.07%	0.06%	0.06%
SWK	D	0.11%	0.03%	0.03%
SYF	B	0.08%	0.05%	0.05%
SYK	C	0.03%	0.26%	0.03%
T	A	0.12%	0.32%	0.12%
TDY	B	0.14%	0.04%	0.04%
TFC	A	0.06%	0.12%	0.06%
TMO	F	0.19%	0.4%	0.19%
TMUS	B	0.14%	0.23%	0.14%
TPR	B	0.19%	0.03%	0.03%
TRMB	B	0.1%	0.03%	0.03%
TT	A	0.08%	0.18%	0.08%
TXN	C	0.07%	0.37%	0.07%
UNH	C	0.02%	1.09%	0.02%
UNP	C	0.11%	0.28%	0.11%
UPS	C	0.08%	0.19%	0.08%
USB	A	0.07%	0.16%	0.07%
V	A	0.1%	1.02%	0.1%
VLO	C	0.08%	0.09%	0.08%
VRSK	A	0.1%	0.08%	0.08%
VRSN	F	0.19%	0.03%	0.03%
VTR	C	0.02%	0.05%	0.02%
VZ	C	0.03%	0.34%	0.03%
WAB	B	0.06%	0.07%	0.06%
WEC	A	0.17%	0.06%	0.06%
WELL	A	0.08%	0.15%	0.08%
WFC	A	0.07%	0.49%	0.07%
WM	A	0.13%	0.16%	0.13%
WMT	A	0.02%	0.73%	0.02%
WTW	B	0.06%	0.06%	0.06%
WY	D	0.1%	0.04%	0.04%
XEL	A	0.14%	0.08%	0.08%
ZTS	D	0.05%	0.16%	0.05%

SKOR Overweight 77 Positions Relative to SPY

Symbol	Grade	Weight
PAA	B	0.19%
TD	F	0.17%
LII	A	0.16%
ARW	D	0.15%
RPRX	D	0.14%
ALLY	C	0.14%
WU	D	0.13%
BRX	A	0.12%
CM	A	0.11%
BHP	F	0.11%
MKL	A	0.11%
NVT	B	0.11%
ATHS	C	0.11%
ARCC	A	0.11%
BMO	A	0.11%
BIDU	F	0.1%
BKU	A	0.1%
VNT	B	0.09%
THG	A	0.09%
FHN	A	0.09%
CMA	A	0.09%
AGR	B	0.09%
FLO	D	0.09%
LAZ	B	0.09%
BNS	A	0.09%
AFG	A	0.08%
AWH	F	0.08%
FAF	A	0.08%
LEA	D	0.08%
CSL	C	0.08%
HP	B	0.08%
ORI	A	0.08%
H	B	0.08%
DSS	F	0.08%
AMH	D	0.08%
DINO	D	0.08%
WHR	B	0.08%
NFG	A	0.08%
JEF	A	0.08%
GLPI	C	0.08%
AVT	C	0.07%
KMPR	B	0.07%
SBRA	C	0.07%
WB	D	0.07%
BKH	A	0.07%
GSBD	F	0.07%
TEL	B	0.07%
CUBE	D	0.07%
EPD	A	0.07%
BABA	D	0.07%
HSBC	B	0.07%
SKT	B	0.06%
SCS	C	0.06%
WPC	D	0.06%
AL	B	0.06%
NNN	D	0.06%
SITC	D	0.05%
DT	C	0.05%
RY	A	0.05%
AER	B	0.05%
PDM	D	0.04%
HPP	F	0.04%
VOYA	B	0.04%
KRG	B	0.04%
RNR	C	0.04%
RPM	A	0.04%
AXS	A	0.04%
HIW	D	0.04%
KRC	C	0.04%
DB	D	0.04%
FLS	B	0.03%
FNF	B	0.03%
AAP	C	0.02%
BDN	C	0.02%
MUFG	B	0.02%
CP	D	0.01%
OHI	C	0.0%

SKOR Underweight 271 Positions Relative to SPY

Symbol	Grade	Weight
NVDA	C	-7.17%
META	D	-2.5%
TSLA	B	-1.72%
BRK.A	B	-1.7%
GOOG	C	-1.69%
LLY	F	-1.23%
XOM	B	-1.06%
NFLX	A	-0.71%
CRM	B	-0.64%
CVX	A	-0.55%
MRK	F	-0.5%
AMD	F	-0.45%
ACN	C	-0.45%
NOW	A	-0.43%
LIN	D	-0.43%
ABT	B	-0.4%
ISRG	A	-0.38%
GE	D	-0.38%
CAT	B	-0.37%
BKNG	A	-0.33%
AMAT	F	-0.31%
RTX	C	-0.31%
UBER	D	-0.3%
ETN	A	-0.29%
PFE	D	-0.29%
TJX	A	-0.27%
BSX	B	-0.26%
BX	A	-0.26%
COP	C	-0.26%
VRTX	F	-0.25%
PANW	C	-0.25%
PLTR	B	-0.24%
FI	A	-0.24%
MDT	D	-0.22%
ANET	C	-0.2%
DE	A	-0.2%
KKR	A	-0.2%
LRCX	F	-0.19%
GEV	B	-0.18%
ICE	C	-0.18%
NKE	D	-0.18%
SNPS	B	-0.17%
CRWD	B	-0.16%
CMG	B	-0.16%
REGN	F	-0.16%
CDNS	B	-0.16%
EOG	A	-0.15%
CEG	D	-0.14%
TGT	F	-0.14%
TDG	D	-0.14%
AJG	B	-0.13%
FDX	B	-0.13%
WMB	A	-0.13%
TRV	B	-0.12%
ABNB	C	-0.12%
FTNT	C	-0.12%
PCAR	B	-0.12%
HLT	A	-0.12%
SLB	C	-0.12%
FCX	D	-0.12%
MPC	D	-0.11%
PSX	C	-0.11%
RCL	A	-0.11%
URI	B	-0.11%
FICO	B	-0.11%
JCI	C	-0.11%
FIS	C	-0.1%
CPRT	A	-0.1%
GWW	B	-0.1%
BKR	B	-0.09%
F	C	-0.09%
AXON	A	-0.09%
AME	A	-0.09%
KVUE	A	-0.09%
HWM	A	-0.09%
NEM	D	-0.09%
PAYX	C	-0.09%
FAST	B	-0.09%
ROST	C	-0.09%
VST	B	-0.09%
MSCI	C	-0.09%
PWR	A	-0.09%
GEHC	F	-0.08%
STZ	D	-0.08%
LULU	C	-0.08%
EXC	C	-0.08%
YUM	B	-0.08%
DELL	C	-0.08%
KR	B	-0.08%
MNST	C	-0.08%
CTVA	C	-0.08%
CBRE	B	-0.08%
CTSH	B	-0.08%
HES	B	-0.08%
IT	C	-0.08%
IR	B	-0.08%
DAL	C	-0.08%
TRGP	B	-0.08%
ODFL	B	-0.08%
COR	B	-0.08%
VICI	C	-0.07%
IRM	D	-0.07%
RMD	C	-0.07%
OXY	D	-0.07%
HIG	B	-0.07%
FANG	D	-0.07%
EXR	D	-0.07%
DD	D	-0.07%
NUE	C	-0.07%
IDXX	F	-0.07%
IQV	D	-0.07%
MCHP	D	-0.07%
MTB	A	-0.07%
GLW	B	-0.07%
SYY	B	-0.07%
VMC	B	-0.07%
ACGL	D	-0.07%
HPE	B	-0.06%
KHC	F	-0.06%
MPWR	F	-0.06%
NVR	D	-0.06%
ON	D	-0.06%
XYL	D	-0.06%
CAH	B	-0.06%
TTWO	A	-0.06%
RJF	A	-0.06%
ANSS	B	-0.06%
TSCO	D	-0.06%
DXCM	D	-0.06%
UAL	A	-0.06%
CSGP	D	-0.06%
CNC	D	-0.06%
ETR	B	-0.06%
GRMN	B	-0.06%
EXPE	B	-0.05%
IFF	D	-0.05%
PTC	A	-0.05%
CINF	A	-0.05%
SBAC	D	-0.05%
BIIB	F	-0.05%
RF	A	-0.05%
CDW	F	-0.05%
PPL	B	-0.05%
WST	C	-0.05%
CCL	B	-0.05%
DVN	F	-0.05%
SW	A	-0.05%
ADM	D	-0.05%
EQT	B	-0.05%
VLTO	D	-0.05%
CPAY	A	-0.05%
GDDY	A	-0.05%
MTD	D	-0.05%
TYL	B	-0.05%
HSY	F	-0.05%
HAL	C	-0.05%
TROW	B	-0.05%
DECK	A	-0.05%
J	F	-0.04%
WRB	A	-0.04%
MOH	F	-0.04%
BBY	D	-0.04%
HOLX	D	-0.04%
ULTA	F	-0.04%
TSN	B	-0.04%
PODD	C	-0.04%
PFG	D	-0.04%
CTRA	B	-0.04%
BALL	D	-0.04%
FDS	B	-0.04%
SNA	A	-0.04%
NRG	B	-0.04%
INVH	D	-0.04%
LUV	C	-0.04%
IP	B	-0.04%
DRI	B	-0.04%
LYV	A	-0.04%
ZBRA	B	-0.04%
STX	D	-0.04%
OMC	C	-0.04%
WDC	D	-0.04%
FSLR	F	-0.04%
FE	C	-0.04%
BLDR	D	-0.04%
NTRS	A	-0.04%
LYB	F	-0.04%
STE	F	-0.04%
WBD	C	-0.04%
ZBH	C	-0.04%
WAT	B	-0.04%
LDOS	C	-0.04%
JNPR	F	-0.03%
CHRW	C	-0.03%
CAG	D	-0.03%
UDR	B	-0.03%
AKAM	D	-0.03%
SWKS	F	-0.03%
MRNA	F	-0.03%
POOL	C	-0.03%
EPAM	C	-0.03%
NDSN	B	-0.03%
ROL	B	-0.03%
FFIV	B	-0.03%
RVTY	F	-0.03%
APTV	D	-0.03%
EVRG	A	-0.03%
JBL	B	-0.03%
DOC	D	-0.03%
VTRS	A	-0.03%
L	A	-0.03%
EL	F	-0.03%
DPZ	C	-0.03%
CF	B	-0.03%
ALGN	D	-0.03%
EG	C	-0.03%
TXT	D	-0.03%
MRO	B	-0.03%
GEN	B	-0.03%
EXPD	D	-0.03%
LVS	C	-0.03%
GPC	D	-0.03%
IEX	B	-0.03%
TER	D	-0.03%
PNR	A	-0.03%
IVZ	B	-0.02%
MTCH	D	-0.02%
HAS	D	-0.02%
APA	D	-0.02%
MOS	F	-0.02%
CZR	F	-0.02%
HSIC	B	-0.02%
RL	B	-0.02%
FRT	B	-0.02%
ENPH	F	-0.02%
MGM	D	-0.02%
WYNN	D	-0.02%
AOS	F	-0.02%
HRL	D	-0.02%
TFX	F	-0.02%
SMCI	F	-0.02%
SOLV	C	-0.02%
AES	F	-0.02%
MKTX	D	-0.02%
ERIE	D	-0.02%
CRL	C	-0.02%
LKQ	D	-0.02%
PNW	B	-0.02%
CTLT	B	-0.02%
PAYC	B	-0.02%
IPG	D	-0.02%
NWSA	B	-0.02%
TAP	C	-0.02%
GNRC	B	-0.02%
TECH	D	-0.02%
LW	C	-0.02%
NCLH	B	-0.02%
EMN	D	-0.02%
UHS	D	-0.02%
ALB	C	-0.02%
DAY	B	-0.02%
KMX	B	-0.02%
INCY	C	-0.02%
JKHY	D	-0.02%
NWS	B	-0.01%
FOX	A	-0.01%
QRVO	F	-0.01%
WBA	F	-0.01%
BEN	C	-0.01%
PARA	C	-0.01%
DVA	B	-0.01%
MHK	D	-0.01%