SKOR vs. VCLT ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Vanguard Long-Term Corporate Bond ETF (VCLT)

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

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$76.60

Average Daily Volume

2,396,634

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	VCLT
30 Days	-0.47%	-1.09%
60 Days	-1.65%	-5.46%
90 Days	-0.49%	-3.85%
12 Months	7.15%	8.09%

201 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in VCLT	Overlap
AAPL	C	0.09%	0.04%	0.04%
ABBV	F	0.08%	0.03%	0.03%
ADI	D	0.15%	0.02%	0.02%
AEE	A	0.25%	0.01%	0.01%
AEP	C	0.02%	0.01%	0.01%
AFG	A	0.08%	0.02%	0.02%
AFL	B	0.04%	0.02%	0.02%
AIG	B	0.04%	0.01%	0.01%
ALL	A	0.15%	0.01%	0.01%
ALLY	C	0.14%	0.03%	0.03%
AMGN	F	0.11%	0.01%	0.01%
AMH	C	0.08%	0.01%	0.01%
AMT	C	0.13%	0.03%	0.03%
AMZN	C	0.11%	0.05%	0.05%
AON	A	0.09%	0.01%	0.01%
APD	A	0.19%	0.03%	0.03%
ARE	F	0.04%	0.01%	0.01%
ATO	A	0.17%	0.01%	0.01%
AVB	B	0.02%	0.01%	0.01%
AVGO	D	0.04%	0.04%	0.04%
AVY	F	0.02%	0.02%	0.02%
AWK	C	0.07%	0.01%	0.01%
AXP	A	0.07%	0.06%	0.06%
BA	F	0.06%	0.01%	0.01%
BABA	D	0.07%	0.01%	0.01%
BAC	A	0.0%	0.02%	0.0%
BAX	F	0.07%	0.02%	0.02%
BDX	F	0.08%	0.01%	0.01%
BHP	F	0.11%	0.04%	0.04%
BKH	A	0.07%	0.01%	0.01%
BMY	B	0.1%	0.03%	0.03%
BWA	D	0.13%	0.01%	0.01%
BXP	C	0.09%	0.01%	0.01%
C	A	0.08%	0.01%	0.01%
CARR	C	0.09%	0.06%	0.06%
CB	C	0.1%	0.03%	0.03%
CCI	C	0.18%	0.02%	0.02%
CFG	B	0.07%	0.03%	0.03%
CHD	A	0.18%	0.02%	0.02%
CHTR	C	0.2%	0.03%	0.03%
CI	D	0.14%	0.02%	0.02%
CL	D	0.09%	0.02%	0.02%
CMCSA	B	0.14%	0.01%	0.01%
CME	B	0.12%	0.03%	0.03%
CMI	A	0.04%	0.02%	0.02%
CMS	C	0.08%	0.01%	0.01%
CNP	A	0.1%	0.01%	0.01%
COST	A	0.1%	0.06%	0.06%
CP	F	0.01%	0.02%	0.01%
CPB	D	0.06%	0.02%	0.02%
CPT	B	0.07%	0.03%	0.03%
CSCO	B	0.04%	0.07%	0.04%
CSX	C	0.04%	0.01%	0.01%
CVS	D	0.16%	0.01%	0.01%
D	C	0.08%	0.01%	0.01%
DG	F	0.16%	0.03%	0.03%
DHR	F	0.09%	0.02%	0.02%
DIS	B	0.09%	0.01%	0.01%
DOV	A	0.07%	0.01%	0.01%
DOW	F	0.17%	0.02%	0.02%
DT	D	0.05%	0.04%	0.04%
DTE	C	0.09%	0.01%	0.01%
DUK	C	0.08%	0.01%	0.01%
EA	A	0.04%	0.01%	0.01%
EBAY	D	0.08%	0.03%	0.03%
ECL	D	0.06%	0.02%	0.02%
ED	C	0.11%	0.01%	0.01%
EIX	B	0.04%	0.01%	0.01%
EMR	B	0.07%	0.01%	0.01%
EPD	A	0.07%	0.02%	0.02%
EQIX	A	0.0%	0.01%	0.0%
EQR	C	0.02%	0.01%	0.01%
ES	C	0.04%	0.02%	0.02%
ESS	B	0.07%	0.01%	0.01%
FITB	B	0.09%	0.07%	0.07%
FMC	D	0.07%	0.02%	0.02%
FNF	B	0.03%	0.01%	0.01%
FOXA	A	0.25%	0.07%	0.07%
FTV	C	0.04%	0.03%	0.03%
GD	D	0.14%	0.01%	0.01%
GILD	C	0.13%	0.02%	0.02%
GIS	D	0.08%	0.01%	0.01%
GM	C	0.2%	0.01%	0.01%
GOOGL	C	0.03%	0.04%	0.03%
GPN	B	0.17%	0.04%	0.04%
GS	A	0.1%	0.01%	0.01%
HCA	F	0.03%	0.06%	0.03%
HD	B	0.0%	0.01%	0.0%
HIW	C	0.04%	0.01%	0.01%
HON	C	0.04%	0.01%	0.01%
HPQ	B	0.07%	0.06%	0.06%
HSBC	A	0.07%	0.02%	0.02%
HUM	C	0.12%	0.01%	0.01%
IBM	C	0.09%	0.02%	0.02%
INTC	C	0.12%	0.03%	0.03%
ITW	B	0.07%	0.03%	0.03%
JEF	A	0.08%	0.01%	0.01%
JNJ	C	0.18%	0.02%	0.02%
JPM	A	0.01%	0.01%	0.01%
K	A	0.11%	0.02%	0.02%
KDP	F	0.08%	0.01%	0.01%
KIM	A	0.04%	0.01%	0.01%
KLAC	F	0.08%	0.02%	0.02%
KMB	C	0.08%	0.01%	0.01%
KMI	A	0.28%	0.01%	0.01%
KO	D	0.08%	0.01%	0.01%
KRC	B	0.04%	0.01%	0.01%
LEA	F	0.08%	0.03%	0.03%
LH	B	0.11%	0.03%	0.03%
LHX	C	0.1%	0.02%	0.02%
LMT	D	0.23%	0.01%	0.01%
LNT	A	0.1%	0.01%	0.01%
LOW	C	0.04%	0.01%	0.01%
MA	B	0.04%	0.02%	0.02%
MAA	B	0.02%	0.01%	0.01%
MAR	A	0.04%	0.03%	0.03%
MAS	D	0.19%	0.01%	0.01%
MCD	D	0.04%	0.01%	0.01%
MCO	B	0.07%	0.02%	0.02%
MDLZ	F	0.07%	0.03%	0.03%
MET	A	0.09%	0.02%	0.02%
MKC	C	0.07%	0.02%	0.02%
MKL	A	0.11%	0.01%	0.01%
MLM	C	0.09%	0.03%	0.03%
MMC	B	0.01%	0.01%	0.01%
MMM	D	0.08%	0.01%	0.01%
MO	A	0.1%	0.01%	0.01%
MS	A	0.04%	0.05%	0.04%
MSFT	D	0.04%	0.01%	0.01%
MSI	B	0.04%	0.02%	0.02%
MUFG	B	0.02%	0.03%	0.02%
NDAQ	A	0.08%	0.02%	0.02%
NEE	C	0.04%	0.01%	0.01%
NI	A	0.19%	0.02%	0.02%
NNN	C	0.06%	0.01%	0.01%
NOC	D	0.19%	0.02%	0.02%
NSC	B	0.07%	0.01%	0.01%
NXPI	D	0.21%	0.04%	0.04%
O	C	0.12%	0.02%	0.02%
OHI	C	0.0%	0.03%	0.0%
OKE	A	0.14%	0.01%	0.01%
ORCL	A	0.11%	0.04%	0.04%
ORI	A	0.08%	0.03%	0.03%
OTIS	C	0.07%	0.02%	0.02%
PAA	B	0.19%	0.02%	0.02%
PCG	A	0.07%	0.01%	0.01%
PEG	A	0.07%	0.01%	0.01%
PEP	F	0.24%	0.02%	0.02%
PG	C	0.06%	0.01%	0.01%
PGR	A	0.04%	0.01%	0.01%
PH	A	0.02%	0.02%	0.02%
PHM	D	0.2%	0.01%	0.01%
PKG	A	0.07%	0.03%	0.03%
PLD	F	0.07%	0.01%	0.01%
PM	B	0.17%	0.02%	0.02%
PRU	A	0.0%	0.01%	0.0%
PYPL	B	0.02%	0.03%	0.02%
QCOM	F	0.08%	0.02%	0.02%
REG	A	0.06%	0.01%	0.01%
ROK	C	0.06%	0.02%	0.02%
RPM	A	0.04%	0.03%	0.03%
RPRX	D	0.14%	0.03%	0.03%
RSG	A	0.04%	0.01%	0.01%
SBRA	C	0.07%	0.02%	0.02%
SBUX	A	0.09%	0.01%	0.01%
SCHW	B	0.04%	0.02%	0.02%
SHW	B	0.04%	0.01%	0.01%
SJM	D	0.04%	0.01%	0.01%
SO	C	0.1%	0.01%	0.01%
SPG	A	0.22%	0.01%	0.01%
SPGI	C	0.08%	0.03%	0.03%
SRE	A	0.07%	0.01%	0.01%
STLD	B	0.04%	0.02%	0.02%
SWK	D	0.11%	0.02%	0.02%
SYK	B	0.03%	0.02%	0.02%
T	A	0.12%	0.01%	0.01%
TEL	B	0.07%	0.02%	0.02%
TMO	F	0.19%	0.01%	0.01%
TMUS	B	0.14%	0.03%	0.03%
TT	A	0.08%	0.01%	0.01%
TXN	C	0.07%	0.02%	0.02%
UNH	B	0.02%	0.01%	0.01%
UNP	C	0.11%	0.01%	0.01%
UPS	C	0.08%	0.02%	0.02%
V	A	0.1%	0.02%	0.02%
VLO	C	0.08%	0.03%	0.03%
VOYA	B	0.04%	0.01%	0.01%
VRSK	A	0.1%	0.02%	0.02%
VTR	B	0.02%	0.01%	0.01%
VZ	C	0.03%	0.01%	0.01%
WEC	A	0.17%	0.01%	0.01%
WELL	A	0.08%	0.01%	0.01%
WFC	A	0.07%	0.01%	0.01%
WHR	B	0.08%	0.02%	0.02%
WM	B	0.13%	0.03%	0.03%
WMT	A	0.02%	0.02%	0.02%
WPC	C	0.06%	0.02%	0.02%
WU	F	0.13%	0.03%	0.03%
WY	F	0.1%	0.07%	0.07%
XEL	A	0.14%	0.01%	0.01%
ZTS	D	0.05%	0.01%	0.01%

SKOR Overweight 104 Positions Relative to VCLT

Symbol	Grade	Weight
LEN	D	0.32%
VRSN	C	0.19%
TPR	B	0.19%
ELV	F	0.18%
TD	D	0.17%
LII	A	0.16%
ARW	D	0.15%
TDY	B	0.14%
JBHT	C	0.12%
BRX	A	0.12%
AMCR	C	0.12%
APH	A	0.11%
CM	A	0.11%
NVT	B	0.11%
ATHS	D	0.11%
ARCC	A	0.11%
BMO	A	0.11%
DFS	B	0.11%
DLR	B	0.1%
BIDU	F	0.1%
BKU	A	0.1%
TRMB	B	0.1%
INTU	B	0.1%
VNT	C	0.09%
THG	A	0.09%
FHN	A	0.09%
CMA	B	0.09%
AGR	A	0.09%
HST	C	0.09%
MCK	A	0.09%
ADBE	C	0.09%
FLO	D	0.09%
LAZ	B	0.09%
BNS	A	0.09%
BR	A	0.08%
PSA	C	0.08%
ADSK	A	0.08%
AWH	F	0.08%
BG	D	0.08%
FAF	A	0.08%
HBAN	A	0.08%
CSL	C	0.08%
HP	C	0.08%
H	B	0.08%
CBOE	C	0.08%
DSS	F	0.08%
EW	C	0.08%
DINO	D	0.08%
KEYS	A	0.08%
ROP	B	0.08%
BRO	B	0.08%
NFG	A	0.08%
ORLY	B	0.08%
BLK	B	0.08%
KEY	B	0.08%
MU	D	0.08%
GLPI	C	0.08%
SYF	B	0.08%
ADP	A	0.07%
AVT	C	0.07%
KMPR	A	0.07%
NTAP	C	0.07%
DHI	F	0.07%
PPG	F	0.07%
DGX	A	0.07%
WB	D	0.07%
ALLE	C	0.07%
CE	F	0.07%
A	D	0.07%
GSBD	F	0.07%
USB	A	0.07%
AMP	A	0.07%
CUBE	C	0.07%
HUBB	B	0.07%
STT	B	0.07%
SKT	A	0.06%
WAB	B	0.06%
SCS	C	0.06%
GL	C	0.06%
AL	B	0.06%
WTW	B	0.06%
TFC	A	0.06%
SITC	D	0.05%
EFX	F	0.05%
RY	A	0.05%
BK	A	0.05%
AER	A	0.05%
DLTR	F	0.05%
AZO	C	0.05%
PDM	D	0.04%
HPP	F	0.04%
KRG	B	0.04%
RNR	C	0.04%
AIZ	A	0.04%
HII	F	0.04%
AXS	A	0.04%
DB	D	0.04%
FLS	B	0.03%
PNC	B	0.03%
CTAS	B	0.02%
AAP	D	0.02%
BDN	C	0.02%
CLX	A	0.02%
COF	C	0.02%

SKOR Underweight 138 Positions Relative to VCLT

Symbol	Grade	Weight
WIT	B	-0.21%
DELL	B	-0.11%
EQH	C	-0.09%
MDT	D	-0.08%
DD	C	-0.07%
CAG	F	-0.05%
SCCO	F	-0.05%
BIIB	F	-0.05%
TAP	C	-0.05%
CRM	B	-0.05%
L	A	-0.04%
WBA	F	-0.04%
LIN	C	-0.04%
BHF	C	-0.04%
TJX	A	-0.04%
JNPR	D	-0.04%
NEM	D	-0.04%
HPE	B	-0.04%
FANG	C	-0.03%
AAL	B	-0.03%
STE	D	-0.03%
WEST	C	-0.03%
NOV	C	-0.03%
CF	A	-0.03%
AMAT	F	-0.03%
DVN	F	-0.03%
RJF	A	-0.03%
NVDA	B	-0.03%
VTRS	A	-0.03%
PSX	C	-0.03%
MPLX	A	-0.03%
ABT	B	-0.03%
PWR	A	-0.02%
PECO	A	-0.02%
REGN	F	-0.02%
ZBH	C	-0.02%
FE	C	-0.02%
CINF	A	-0.02%
OGS	A	-0.02%
IVZ	B	-0.02%
HRL	D	-0.02%
HOG	D	-0.02%
VMI	B	-0.02%
XYL	D	-0.02%
WTRG	B	-0.02%
AJG	A	-0.02%
KSS	F	-0.02%
NWE	B	-0.02%
LRCX	F	-0.02%
GWW	B	-0.02%
EMN	C	-0.02%
MOS	F	-0.02%
LNC	C	-0.02%
FIS	C	-0.02%
EG	C	-0.02%
STZ	D	-0.02%
DE	B	-0.02%
TGT	F	-0.02%
HES	B	-0.02%
CVX	A	-0.02%
TSN	B	-0.02%
MPC	D	-0.02%
HAL	C	-0.02%
ICE	C	-0.02%
COP	C	-0.02%
RTX	D	-0.02%
PFE	F	-0.02%
XOM	B	-0.02%
AZN	F	-0.02%
VOD	F	-0.02%
GSK	F	-0.02%
GE	D	-0.02%
FRT	B	-0.01%
AGO	B	-0.01%
EXR	C	-0.01%
AVA	A	-0.01%
APTV	F	-0.01%
DRI	B	-0.01%
ALB	B	-0.01%
INGR	C	-0.01%
IDA	A	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
JD	D	-0.01%
SIGI	C	-0.01%
DOC	C	-0.01%
ADC	A	-0.01%
BEN	C	-0.01%
CACC	D	-0.01%
AES	F	-0.01%
PFG	D	-0.01%
OGE	A	-0.01%
RF	A	-0.01%
EE	A	-0.01%
SWX	B	-0.01%
SNA	A	-0.01%
UDR	B	-0.01%
UAL	A	-0.01%
HSY	F	-0.01%
IPG	D	-0.01%
KOF	F	-0.01%
EOG	A	-0.01%
CAH	B	-0.01%
WRB	A	-0.01%
PNW	A	-0.01%
HIG	B	-0.01%
IFF	D	-0.01%
HAS	D	-0.01%
EVRG	A	-0.01%
ETN	A	-0.01%
UNM	A	-0.01%
VMC	B	-0.01%
NUE	C	-0.01%
EXC	C	-0.01%
OC	A	-0.01%
ACGL	C	-0.01%
WLK	D	-0.01%
PPL	A	-0.01%
GLW	B	-0.01%
JCI	B	-0.01%
EL	F	-0.01%
TRV	B	-0.01%
LLY	F	-0.01%
JBLU	F	-0.01%
KR	B	-0.01%
FDX	B	-0.01%
ETR	B	-0.01%
ADM	D	-0.01%
IP	A	-0.01%
WMB	A	-0.01%
LYB	F	-0.01%
MRO	B	-0.01%
BSX	A	-0.01%
CAT	B	-0.01%
ET	A	-0.01%
SYY	D	-0.01%
NKE	F	-0.01%
MRK	D	-0.01%