SPYG vs. LKOR ETF Comparison

Comparison of SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index) (SPYG) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

SPYG

SPDR S&P 500 Growth ETF (based on S&P 500 Growth Index)

SPYG Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "growth" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Growth Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization growth sector in the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$82.49

Average Daily Volume

2,399,525

Number of Holdings ^*

229

* may have additional holdings in another (foreign) market

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.59

Average Daily Volume

9,293

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	SPYG	LKOR
30 Days	3.11%	1.94%
60 Days	5.98%	6.25%
90 Days	3.11%	8.44%
12 Months	39.89%	19.58%

48 Overlapping Holdings

Symbol	Grade	Weight in SPYG	Weight in LKOR	Overlap
AAPL	C	12.15%	0.17%	0.17%
ABBV	B	0.49%	0.33%	0.33%
ACGL	B	0.16%	0.55%	0.16%
AMT	C	0.17%	0.27%	0.17%
AMZN	C	4.32%	0.18%	0.18%
AON	B	0.15%	0.13%	0.13%
AVGO	C	2.8%	0.2%	0.2%
BA	F	0.15%	0.37%	0.15%
CHD	C	0.04%	0.11%	0.04%
CHTR	D	0.06%	0.26%	0.06%
CSX	C	0.13%	0.12%	0.12%
EA	D	0.06%	0.09%	0.06%
EFX	C	0.06%	0.13%	0.06%
FTV	C	0.1%	0.05%	0.05%
GOOGL	D	3.51%	0.12%	0.12%
GWW	B	0.13%	0.24%	0.13%
HCA	B	0.14%	0.24%	0.14%
HD	B	0.55%	0.19%	0.19%
ITW	B	0.12%	0.06%	0.06%
KLAC	D	0.4%	0.2%	0.2%
KO	B	0.41%	0.19%	0.19%
MA	B	1.12%	0.22%	0.22%
MAS	B	0.04%	0.11%	0.04%
MCD	B	0.36%	0.12%	0.12%
MCO	C	0.14%	0.12%	0.12%
MDLZ	C	0.16%	0.09%	0.09%
MLM	D	0.09%	0.11%	0.09%
MMC	C	0.22%	0.24%	0.22%
MRO	D	0.03%	0.22%	0.03%
MSFT	C	12.01%	0.1%	0.1%
NVDA	C	10.68%	0.21%	0.21%
OKE	C	0.13%	0.24%	0.13%
ORCL	B	1.03%	0.25%	0.25%
OTIS	B	0.06%	0.1%	0.06%
PGR	C	0.29%	0.23%	0.23%
PM	C	0.26%	0.7%	0.26%
REGN	D	0.28%	0.17%	0.17%
SBUX	C	0.25%	0.23%	0.23%
SHW	B	0.17%	0.21%	0.17%
SPGI	C	0.28%	0.16%	0.16%
TEL	D	0.07%	0.28%	0.07%
TT	B	0.23%	0.12%	0.12%
TXN	B	0.27%	0.23%	0.23%
UNH	C	0.78%	0.16%	0.16%
UNP	D	0.26%	0.16%	0.16%
V	C	1.14%	0.4%	0.4%
VRSK	D	0.08%	0.1%	0.08%
ZTS	B	0.19%	0.19%	0.19%

SPYG Overweight 181 Positions Relative to LKOR

Symbol	Grade	Weight
META	B	4.71%
GOOG	D	2.94%
LLY	D	2.81%
TSLA	C	2.6%
NFLX	B	1.17%
CRM	C	0.99%
AMD	C	0.97%
ADBE	F	0.91%
NOW	C	0.72%
INTU	D	0.7%
COST	C	0.65%
AMAT	D	0.63%
PG	C	0.61%
UBER	C	0.6%
BKNG	B	0.52%
MRK	F	0.46%
LIN	B	0.45%
ACN	C	0.44%
ISRG	C	0.44%
CAT	B	0.41%
AXP	B	0.41%
PANW	D	0.41%
LRCX	D	0.4%
QCOM	D	0.39%
ANET	C	0.37%
TMO	B	0.35%
GE	C	0.34%
KKR	B	0.34%
COP	F	0.34%
PEP	D	0.33%
TJX	C	0.33%
BX	C	0.32%
CMG	D	0.31%
ETN	C	0.31%
TDG	B	0.3%
SNPS	F	0.3%
VRTX	D	0.3%
SYK	C	0.3%
CDNS	D	0.29%
BSX	B	0.26%
ADI	C	0.26%
CRWD	D	0.25%
PH	B	0.24%
MAR	B	0.23%
DE	A	0.23%
HLT	B	0.22%
DHI	C	0.22%
ROST	C	0.2%
URI	B	0.2%
NXPI	D	0.18%
EOG	D	0.18%
FICO	B	0.18%
FTNT	B	0.18%
ORLY	B	0.18%
APH	C	0.17%
ADP	C	0.17%
MPWR	B	0.17%
CPRT	D	0.17%
RCL	B	0.16%
NKE	D	0.16%
MSI	B	0.16%
PCAR	D	0.15%
CTAS	C	0.15%
EQIX	B	0.15%
IT	C	0.15%
AZO	B	0.14%
ODFL	D	0.14%
HES	F	0.14%
ECL	B	0.13%
CL	C	0.13%
TRGP	C	0.13%
WM	D	0.13%
ADSK	B	0.12%
VST	B	0.12%
IR	B	0.12%
PHM	B	0.12%
NVR	B	0.12%
LULU	D	0.12%
AJG	D	0.12%
MPC	F	0.12%
FANG	F	0.12%
CARR	B	0.12%
FCX	C	0.12%
AXON	B	0.11%
CME	B	0.11%
ABNB	D	0.11%
GEV	B	0.11%
PWR	B	0.11%
CEG	C	0.11%
MSCI	C	0.1%
MCHP	D	0.1%
ROP	C	0.1%
LEN	B	0.1%
NUE	D	0.09%
GDDY	C	0.09%
WST	D	0.09%
DECK	C	0.09%
RSG	D	0.09%
PSA	C	0.09%
IDXX	D	0.09%
AMP	B	0.09%
TYL	C	0.09%
BLDR	C	0.09%
SPG	B	0.08%
FAST	C	0.08%
DLR	B	0.08%
WMB	C	0.08%
VMC	C	0.08%
HWM	B	0.08%
CPAY	B	0.08%
SMCI	F	0.08%
MNST	D	0.08%
IQV	D	0.07%
YUM	B	0.07%
DAL	C	0.07%
IRM	C	0.07%
PAYX	C	0.07%
DXCM	F	0.07%
EXPE	C	0.07%
BRO	C	0.07%
AME	C	0.07%
DFS	C	0.07%
ROK	D	0.06%
LYV	A	0.06%
EW	F	0.06%
ANSS	D	0.06%
MOH	D	0.05%
TTWO	D	0.05%
TSCO	B	0.05%
ULTA	D	0.05%
CDW	D	0.05%
PTC	C	0.05%
CE	D	0.05%
STE	B	0.05%
CCL	C	0.05%
ON	D	0.05%
CSGP	D	0.05%
CBOE	C	0.05%
BR	C	0.05%
GRMN	D	0.05%
APA	F	0.04%
NTAP	D	0.04%
LVS	C	0.04%
ALGN	D	0.04%
SBAC	C	0.04%
HUBB	B	0.04%
DRI	C	0.04%
HSY	D	0.04%
PNR	B	0.04%
STLD	C	0.04%
CTRA	F	0.04%
MTD	C	0.04%
EXPD	B	0.03%
SNA	B	0.03%
AKAM	D	0.03%
JBL	C	0.03%
WAT	B	0.03%
WYNN	C	0.03%
VRSN	C	0.03%
HST	D	0.03%
POOL	C	0.03%
CF	B	0.03%
STX	B	0.03%
FDS	C	0.03%
NCLH	B	0.03%
RL	B	0.02%
EPAM	F	0.02%
DVA	B	0.02%
ALLE	B	0.02%
DAY	D	0.02%
CZR	C	0.02%
GNRC	D	0.02%
DPZ	D	0.02%
ENPH	D	0.02%
ROL	C	0.02%
LW	D	0.02%
PODD	C	0.02%
AOS	B	0.02%
MGM	D	0.02%
ETSY	D	0.01%
PAYC	D	0.01%

SPYG Underweight 115 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	C	-0.64%
DUK	B	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
FITB	B	-0.39%
KOF	D	-0.37%
INTC	D	-0.37%
HPE	C	-0.37%
NI	B	-0.37%
CVS	D	-0.36%
GILD	B	-0.35%
DOW	C	-0.32%
CAH	C	-0.31%
CP	C	-0.29%
NNN	B	-0.29%
ED	B	-0.29%
AEP	C	-0.28%
RF	B	-0.28%
KMB	C	-0.26%
JEF	C	-0.26%
MMM	B	-0.26%
NOC	B	-0.26%
HON	C	-0.25%
LOW	B	-0.25%
WFC	D	-0.25%
CAG	B	-0.24%
AEE	B	-0.24%
NEM	C	-0.24%
WEC	B	-0.24%
CMS	B	-0.24%
BHP	C	-0.24%
CMCSA	C	-0.24%
DOV	B	-0.24%
KDP	B	-0.24%
HPQ	C	-0.24%
MKL	C	-0.24%
LMT	A	-0.24%
FOXA	B	-0.24%
LH	D	-0.23%
LYB	D	-0.23%
IBM	B	-0.23%
MCK	F	-0.23%
AIG	D	-0.23%
WRB	D	-0.23%
ATO	B	-0.23%
BDX	D	-0.23%
AMGN	D	-0.23%
CSCO	B	-0.23%
BAC	D	-0.23%
D	C	-0.23%
EXC	B	-0.22%
VMI	C	-0.22%
EL	D	-0.21%
SRE	B	-0.21%
GS	B	-0.21%
EIX	B	-0.21%
C	C	-0.21%
EG	B	-0.2%
HIG	B	-0.2%
PAA	D	-0.2%
MO	C	-0.2%
STZ	C	-0.19%
NDAQ	C	-0.19%
CCI	C	-0.19%
KMI	C	-0.19%
LEA	D	-0.18%
EBAY	B	-0.18%
CPB	C	-0.18%
AIZ	B	-0.18%
ARE	C	-0.18%
EPD	C	-0.18%
VZ	A	-0.18%
HAL	F	-0.14%
MS	B	-0.14%
MET	B	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
HAS	B	-0.13%
GM	C	-0.13%
XOM	D	-0.12%
WELL	C	-0.12%
IFF	A	-0.12%
VTR	C	-0.12%
EMR	D	-0.12%
IPG	C	-0.12%
AFL	A	-0.12%
NSC	C	-0.12%
JNJ	C	-0.12%
PRU	C	-0.11%
BWA	C	-0.11%
DG	F	-0.11%
REG	C	-0.11%
RJF	C	-0.11%
OC	C	-0.11%
FMC	B	-0.11%
SO	B	-0.11%
BABA	B	-0.11%
KIM	C	-0.1%
SJM	C	-0.1%
DHR	B	-0.1%
WBA	F	-0.1%
ELV	D	-0.1%
RPM	B	-0.1%
BHF	F	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
BIIB	F	-0.09%
RPRX	C	-0.09%
PCG	C	-0.09%
JPM	D	-0.09%
T	B	-0.09%
HUM	F	-0.07%
SIGI	D	-0.06%
LHX	C	-0.05%
ALL	C	-0.04%