SPYV vs. LKOR ETF Comparison

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

SPYV

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

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value 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 value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.67

Average Daily Volume

2,147,969

Number of Holdings ^*

433

* 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

$43.00

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	SPYV	LKOR
30 Days	2.77%	-0.56%
60 Days	4.01%	-5.06%
90 Days	6.06%	-3.66%
12 Months	26.94%	9.17%

134 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in LKOR	Overlap
ABBV	D	0.88%	0.33%	0.33%
AEE	A	0.11%	0.24%	0.11%
AEP	D	0.23%	0.28%	0.23%
AFL	B	0.26%	0.12%	0.12%
AIG	B	0.23%	0.23%	0.23%
AIZ	A	0.05%	0.18%	0.05%
ALL	A	0.24%	0.04%	0.04%
AMGN	D	0.75%	0.23%	0.23%
AMT	D	0.25%	0.27%	0.25%
AON	A	0.19%	0.13%	0.13%
APTV	D	0.07%	0.13%	0.07%
ARE	D	0.08%	0.18%	0.08%
ATO	A	0.1%	0.23%	0.1%
BA	F	0.26%	0.37%	0.26%
BAC	A	1.45%	0.23%	0.23%
BDX	F	0.31%	0.23%	0.23%
BIIB	F	0.11%	0.09%	0.09%
BWA	D	0.04%	0.11%	0.04%
C	A	0.61%	0.21%	0.21%
CAG	D	0.06%	0.24%	0.06%
CAH	B	0.14%	0.31%	0.14%
CCI	D	0.21%	0.19%	0.19%
CHD	B	0.07%	0.11%	0.07%
CHTR	C	0.1%	0.26%	0.1%
CMCSA	B	0.79%	0.24%	0.24%
CMS	C	0.09%	0.24%	0.09%
CPB	D	0.04%	0.18%	0.04%
CSCO	B	1.09%	0.23%	0.23%
CSX	B	0.16%	0.12%	0.12%
CVS	D	0.32%	0.36%	0.32%
D	C	0.22%	0.23%	0.22%
DG	F	0.08%	0.11%	0.08%
DHR	F	0.72%	0.1%	0.1%
DOV	A	0.13%	0.24%	0.13%
DOW	F	0.15%	0.32%	0.15%
DUK	C	0.4%	0.5%	0.4%
EA	A	0.1%	0.09%	0.09%
EBAY	D	0.14%	0.18%	0.14%
ED	D	0.15%	0.29%	0.15%
EFX	F	0.09%	0.13%	0.09%
EG	C	0.07%	0.2%	0.07%
EIX	B	0.15%	0.21%	0.15%
EL	F	0.07%	0.21%	0.07%
ELV	F	0.44%	0.1%	0.1%
EMR	A	0.35%	0.12%	0.12%
EXC	C	0.18%	0.22%	0.18%
FITB	A	0.15%	0.39%	0.15%
FMC	D	0.03%	0.11%	0.03%
FOXA	B	0.05%	0.24%	0.05%
GILD	C	0.54%	0.35%	0.35%
GLW	B	0.17%	0.1%	0.1%
GM	B	0.3%	0.13%	0.13%
GS	A	0.87%	0.21%	0.21%
GWW	B	0.06%	0.24%	0.06%
HAL	C	0.12%	0.14%	0.12%
HAS	D	0.04%	0.13%	0.04%
HCA	F	0.16%	0.24%	0.16%
HD	A	1.19%	0.19%	0.19%
HIG	B	0.16%	0.2%	0.16%
HON	B	0.7%	0.25%	0.25%
HPE	B	0.13%	0.37%	0.13%
HPQ	B	0.17%	0.24%	0.17%
HUM	C	0.16%	0.07%	0.07%
IBM	C	0.9%	0.23%	0.23%
IFF	D	0.11%	0.12%	0.11%
INTC	D	0.5%	0.37%	0.37%
IPG	D	0.05%	0.12%	0.05%
ITW	B	0.18%	0.06%	0.06%
JCI	C	0.27%	0.13%	0.13%
JNJ	D	1.71%	0.12%	0.12%
JPM	A	3.22%	0.09%	0.09%
KDP	D	0.18%	0.24%	0.18%
KIM	A	0.08%	0.1%	0.08%
KMB	D	0.21%	0.26%	0.21%
KMI	A	0.24%	0.19%	0.19%
KO	D	0.69%	0.19%	0.19%
LH	C	0.09%	0.23%	0.09%
LHX	C	0.22%	0.05%	0.05%
LMT	D	0.54%	0.24%	0.24%
LNT	A	0.07%	0.4%	0.07%
LOW	D	0.72%	0.25%	0.25%
LYB	F	0.1%	0.23%	0.1%
MA	C	0.56%	0.22%	0.22%
MAS	D	0.04%	0.11%	0.04%
MCD	D	0.56%	0.12%	0.12%
MCK	B	0.37%	0.23%	0.23%
MCO	B	0.19%	0.12%	0.12%
MDLZ	F	0.24%	0.09%	0.09%
MET	A	0.23%	0.14%	0.14%
MLM	B	0.06%	0.11%	0.06%
MMC	B	0.25%	0.24%	0.24%
MMM	D	0.34%	0.26%	0.26%
MO	A	0.44%	0.2%	0.2%
MRO	B	0.04%	0.22%	0.04%
MS	A	0.77%	0.14%	0.14%
NDAQ	A	0.15%	0.19%	0.15%
NEM	D	0.22%	0.24%	0.22%
NI	A	0.08%	0.37%	0.08%
NOC	D	0.32%	0.26%	0.26%
NSC	B	0.28%	0.12%	0.12%
OKE	A	0.11%	0.24%	0.11%
OTIS	C	0.11%	0.1%	0.1%
PCG	A	0.21%	0.09%	0.09%
PGR	A	0.35%	0.23%	0.23%
PM	B	0.59%	0.7%	0.59%
PRU	A	0.21%	0.11%	0.11%
REG	B	0.06%	0.11%	0.06%
REGN	F	0.16%	0.17%	0.16%
RF	A	0.11%	0.28%	0.11%
RJF	A	0.14%	0.11%	0.11%
SBUX	A	0.22%	0.23%	0.22%
SHW	A	0.21%	0.21%	0.21%
SJM	D	0.06%	0.1%	0.06%
SO	D	0.44%	0.11%	0.11%
SPGI	C	0.43%	0.16%	0.16%
SRE	A	0.27%	0.21%	0.21%
STZ	D	0.18%	0.19%	0.18%
T	A	0.75%	0.09%	0.09%
TT	A	0.13%	0.12%	0.12%
TXN	C	0.56%	0.23%	0.23%
UNH	C	1.59%	0.16%	0.16%
UNP	C	0.37%	0.16%	0.16%
V	A	0.82%	0.4%	0.4%
VRSK	A	0.09%	0.1%	0.09%
VTR	C	0.12%	0.12%	0.12%
VZ	C	0.81%	0.18%	0.18%
WBA	F	0.03%	0.1%	0.03%
WEC	A	0.14%	0.24%	0.14%
WELL	A	0.36%	0.12%	0.12%
WFC	A	1.16%	0.25%	0.25%
WRB	A	0.08%	0.23%	0.08%
WTW	B	0.15%	0.1%	0.1%
XOM	B	2.51%	0.12%	0.12%
ZTS	D	0.17%	0.19%	0.17%

SPYV Overweight 299 Positions Relative to LKOR

Symbol	Grade	Weight
BRK.A	B	4.01%
WMT	A	1.72%
CVX	A	1.29%
PG	A	1.12%
COST	B	1.11%
ABT	B	0.94%
DIS	B	0.93%
RTX	C	0.74%
NEE	D	0.72%
MRK	F	0.7%
PFE	D	0.69%
PEP	F	0.68%
BLK	C	0.68%
TMO	F	0.59%
BMY	B	0.56%
SCHW	B	0.56%
TMUS	B	0.55%
MU	D	0.52%
GE	D	0.52%
MDT	D	0.52%
PLD	D	0.5%
CB	C	0.5%
ACN	C	0.49%
LIN	D	0.49%
UPS	C	0.46%
ICE	C	0.42%
CI	F	0.42%
QCOM	F	0.41%
PYPL	B	0.41%
PNC	B	0.39%
USB	A	0.37%
CAT	B	0.37%
ADP	B	0.35%
GD	F	0.35%
COF	B	0.33%
APD	A	0.33%
TGT	F	0.33%
FDX	B	0.31%
ISRG	A	0.3%
SLB	C	0.29%
TFC	A	0.29%
BK	A	0.27%
BSX	B	0.27%
FI	A	0.27%
TRV	B	0.27%
ETN	A	0.26%
PSX	C	0.25%
GEV	B	0.24%
CME	A	0.24%
NKE	D	0.24%
FIS	C	0.23%
AXP	A	0.23%
O	D	0.23%
CMI	A	0.23%
SYK	C	0.22%
TJX	A	0.22%
VLO	C	0.21%
VRTX	F	0.21%
KVUE	A	0.21%
EQIX	A	0.21%
CL	D	0.21%
COR	B	0.2%
WM	A	0.2%
BKR	B	0.2%
ADI	D	0.2%
F	C	0.2%
PEG	A	0.2%
DE	A	0.2%
CBRE	B	0.19%
CTVA	C	0.19%
CTSH	B	0.19%
COP	C	0.19%
WMB	A	0.19%
GEHC	F	0.18%
A	D	0.18%
XEL	A	0.18%
APH	A	0.18%
CEG	D	0.18%
KR	B	0.18%
MTB	A	0.17%
GIS	D	0.17%
BX	A	0.17%
SYY	B	0.17%
CTAS	B	0.16%
RMD	C	0.16%
OXY	D	0.16%
SPG	B	0.16%
ROP	B	0.16%
WAB	B	0.16%
EXR	D	0.16%
MSI	B	0.16%
DD	D	0.16%
FCX	D	0.15%
ETR	B	0.15%
AJG	B	0.15%
ADSK	A	0.15%
DLR	B	0.15%
AVB	B	0.15%
CARR	D	0.15%
VICI	C	0.15%
XYL	D	0.14%
GPN	B	0.14%
ABNB	C	0.14%
UAL	A	0.14%
PSA	D	0.14%
ECL	D	0.14%
CNC	D	0.14%
TROW	B	0.13%
KEYS	A	0.13%
KHC	F	0.13%
STT	A	0.13%
PAYX	C	0.13%
PPG	F	0.13%
PPL	B	0.12%
DVN	F	0.12%
DTE	C	0.12%
SW	A	0.12%
EQR	B	0.12%
EW	C	0.12%
ADM	D	0.12%
HBAN	A	0.12%
VLTO	D	0.12%
EQT	B	0.12%
SYF	B	0.12%
AWK	D	0.12%
AMP	A	0.12%
EOG	A	0.12%
WY	D	0.11%
LDOS	C	0.11%
AME	A	0.11%
CINF	A	0.11%
FAST	B	0.11%
MPC	D	0.11%
ZBRA	B	0.1%
CLX	B	0.1%
MSCI	C	0.1%
OMC	C	0.1%
WDC	D	0.1%
YUM	B	0.1%
CFG	B	0.1%
FSLR	F	0.1%
FE	C	0.1%
PKG	A	0.1%
NTRS	A	0.1%
K	A	0.1%
IQV	D	0.1%
ES	D	0.1%
WBD	C	0.1%
ZBH	C	0.1%
TDY	B	0.1%
DAL	C	0.09%
TSN	B	0.09%
RSG	A	0.09%
PFG	D	0.09%
MAA	B	0.09%
BALL	D	0.09%
MKC	D	0.09%
NRG	B	0.09%
INVH	D	0.09%
ORLY	B	0.09%
HWM	A	0.09%
LUV	C	0.09%
ESS	B	0.09%
CNP	B	0.09%
PH	A	0.09%
IP	B	0.09%
DFS	B	0.09%
ON	D	0.08%
TXT	D	0.08%
AVY	D	0.08%
BAX	D	0.08%
GEN	B	0.08%
IRM	D	0.08%
PCAR	B	0.08%
MTD	D	0.08%
HSY	F	0.08%
AZO	C	0.08%
ROK	B	0.08%
TRMB	B	0.08%
GPC	D	0.08%
TSCO	D	0.08%
TER	D	0.08%
IEX	B	0.08%
DGX	A	0.08%
CSGP	D	0.08%
J	F	0.08%
KEY	B	0.08%
BBY	D	0.08%
LEN	D	0.08%
HOLX	D	0.08%
DELL	C	0.08%
CDW	F	0.07%
NDSN	B	0.07%
SBAC	D	0.07%
WAT	B	0.07%
FFIV	B	0.07%
NXPI	D	0.07%
RVTY	F	0.07%
EVRG	A	0.07%
MCHP	D	0.07%
AMCR	D	0.07%
TTWO	A	0.07%
PWR	A	0.07%
JBHT	C	0.07%
GRMN	B	0.07%
DOC	D	0.07%
VTRS	A	0.07%
L	A	0.07%
NTAP	C	0.07%
IDXX	F	0.07%
MNST	C	0.07%
EMN	D	0.06%
ALB	C	0.06%
UHS	D	0.06%
STX	D	0.06%
KMX	B	0.06%
BG	F	0.06%
INCY	C	0.06%
JKHY	D	0.06%
JNPR	F	0.06%
HUBB	B	0.06%
ANSS	B	0.06%
CPT	B	0.06%
NUE	C	0.06%
CHRW	C	0.06%
SWK	D	0.06%
DLTR	F	0.06%
TPR	B	0.06%
SWKS	F	0.06%
MRNA	F	0.06%
UDR	B	0.06%
VMC	B	0.06%
IR	B	0.05%
STE	F	0.05%
GL	B	0.05%
AES	F	0.05%
FDS	B	0.05%
MKTX	D	0.05%
CRL	C	0.05%
LKQ	D	0.05%
PNW	B	0.05%
SNA	A	0.05%
CTLT	B	0.05%
EXPD	D	0.05%
TAP	C	0.05%
NWSA	B	0.05%
PODD	C	0.05%
BR	A	0.05%
TECH	D	0.05%
BXP	D	0.05%
DXCM	D	0.05%
ALLE	D	0.04%
HII	D	0.04%
IVZ	B	0.04%
ROL	B	0.04%
VRSN	F	0.04%
MTCH	D	0.04%
MOS	F	0.04%
EPAM	C	0.04%
HSIC	B	0.04%
FRT	B	0.04%
HRL	D	0.04%
TFX	F	0.04%
PTC	A	0.04%
DPZ	C	0.04%
SOLV	C	0.04%
DRI	B	0.04%
ENPH	F	0.03%
DAY	B	0.03%
BRO	B	0.03%
FOX	A	0.03%
POOL	C	0.03%
ULTA	F	0.03%
QRVO	F	0.03%
PAYC	B	0.03%
CTRA	B	0.03%
LVS	C	0.03%
BEN	C	0.03%
JBL	B	0.03%
PARA	C	0.03%
ALGN	D	0.03%
AKAM	D	0.03%
CF	B	0.03%
CCL	B	0.03%
STLD	B	0.03%
MHK	D	0.03%
MOH	F	0.03%
CBOE	B	0.03%
AOS	F	0.02%
CZR	F	0.02%
NWS	B	0.02%
RL	B	0.02%
LW	C	0.02%
ERIE	D	0.02%
GNRC	B	0.02%
HST	C	0.02%
PNR	A	0.02%
MGM	D	0.01%
DVA	B	0.01%

SPYV Underweight 29 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	F	-0.64%
ACGL	D	-0.55%
HSBC	B	-0.48%
KOF	F	-0.37%
CP	D	-0.29%
NNN	D	-0.29%
TEL	B	-0.28%
JEF	A	-0.26%
ORCL	B	-0.25%
BHP	F	-0.24%
MKL	A	-0.24%
VMI	B	-0.22%
NVDA	C	-0.21%
KLAC	D	-0.2%
AVGO	D	-0.2%
PAA	B	-0.2%
LEA	D	-0.18%
AMZN	C	-0.18%
EPD	A	-0.18%
AAPL	C	-0.17%
GOOGL	C	-0.12%
OC	A	-0.11%
BABA	D	-0.11%
RPM	A	-0.1%
BHF	B	-0.1%
MSFT	F	-0.1%
RPRX	D	-0.09%
SIGI	C	-0.06%
FTV	C	-0.05%