TVAL vs. LKOR ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$32.91

Average Daily Volume

12,620

Number of Holdings ^*

144

* 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

$42.96

Average Daily Volume

6,936

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	LKOR
30 Days	2.08%	-1.02%
60 Days	3.98%	-5.39%
90 Days	5.24%	-3.75%
12 Months	28.36%	9.07%

53 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in LKOR	Overlap
ABBV	F	0.36%	0.33%	0.33%
AEE	A	0.65%	0.24%	0.24%
AIG	B	0.87%	0.23%	0.23%
ALL	A	0.39%	0.04%	0.04%
BA	F	0.56%	0.37%	0.37%
BAC	A	1.89%	0.23%	0.23%
BDX	F	1.01%	0.23%	0.23%
BHP	F	0.2%	0.24%	0.2%
C	A	0.81%	0.21%	0.21%
CAG	F	0.4%	0.24%	0.24%
CMCSA	B	0.46%	0.24%	0.24%
CSX	C	0.49%	0.12%	0.12%
CVS	D	0.23%	0.36%	0.23%
D	C	0.55%	0.23%	0.23%
DHR	F	0.65%	0.1%	0.1%
EFX	F	0.33%	0.13%	0.13%
ELV	F	1.81%	0.1%	0.1%
FITB	B	0.77%	0.39%	0.39%
HAL	C	0.22%	0.14%	0.14%
HCA	F	0.45%	0.24%	0.24%
HD	B	0.63%	0.19%	0.19%
HIG	B	1.96%	0.2%	0.2%
HON	C	0.68%	0.25%	0.25%
JNJ	C	1.82%	0.12%	0.12%
JPM	A	1.23%	0.09%	0.09%
KDP	F	0.4%	0.24%	0.24%
KMB	C	0.66%	0.26%	0.26%
KO	D	0.72%	0.19%	0.19%
LHX	C	1.36%	0.05%	0.05%
MCD	D	0.46%	0.12%	0.12%
MCK	A	0.8%	0.23%	0.23%
MDLZ	F	0.43%	0.09%	0.09%
MET	A	0.22%	0.14%	0.14%
MMC	B	0.67%	0.24%	0.24%
MS	A	0.56%	0.14%	0.14%
MSFT	D	0.65%	0.1%	0.1%
NSC	B	0.74%	0.12%	0.12%
OTIS	C	0.3%	0.1%	0.1%
PGR	A	0.48%	0.23%	0.23%
PM	B	1.41%	0.7%	0.7%
REGN	F	0.42%	0.17%	0.17%
RPM	A	0.52%	0.1%	0.1%
SO	C	1.67%	0.11%	0.11%
SPGI	C	0.26%	0.16%	0.16%
SRE	A	0.68%	0.21%	0.21%
TT	A	0.31%	0.12%	0.12%
TXN	C	0.7%	0.23%	0.23%
UNH	B	1.9%	0.16%	0.16%
UNP	C	0.42%	0.16%	0.16%
VZ	C	0.58%	0.18%	0.18%
WFC	A	1.77%	0.25%	0.25%
XOM	B	2.56%	0.12%	0.12%
ZTS	D	0.23%	0.19%	0.19%

TVAL Overweight 91 Positions Relative to LKOR

Symbol	Grade	Weight
CB	C	2.23%
WMT	A	1.89%
FI	A	1.53%
KVUE	A	1.49%
COP	C	1.25%
AVB	B	1.22%
GE	D	1.21%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
EQH	C	1.0%
GOOG	C	0.95%
SCHW	B	0.89%
TMUS	B	0.88%
WY	F	0.88%
META	D	0.87%
CI	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
MRK	D	0.8%
NWSA	A	0.75%
VST	A	0.74%
CVX	A	0.73%
LIN	C	0.73%
PG	C	0.72%
HUBB	B	0.7%
ACN	B	0.7%
GEV	B	0.7%
TTE	F	0.7%
IP	A	0.64%
RSG	A	0.62%
WDC	D	0.6%
NEE	C	0.59%
USB	A	0.56%
AZO	C	0.52%
ROK	C	0.52%
CF	A	0.52%
BAX	F	0.5%
HWM	A	0.48%
REXR	F	0.48%
AZN	F	0.47%
MAR	A	0.47%
WMB	A	0.46%
EQT	B	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
PSA	C	0.44%
BLK	B	0.43%
FANG	C	0.43%
CPAY	A	0.42%
LEN	D	0.42%
LVS	B	0.41%
LAMR	C	0.4%
TSM	B	0.39%
AMAT	F	0.38%
YUM	D	0.36%
BKR	A	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	F	0.34%
MSI	B	0.34%
A	D	0.33%
COF	C	0.33%
STLD	B	0.32%
UAL	A	0.31%
AME	A	0.31%
CAT	B	0.3%
VRTX	D	0.29%
ROP	B	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	C	0.27%
MCHP	F	0.27%
AXP	A	0.26%
CDW	F	0.25%
MGM	D	0.24%
CME	B	0.23%
VMC	B	0.22%
AMD	F	0.22%
DIS	B	0.2%
AVY	F	0.19%
SNY	F	0.19%
DTE	C	0.17%
EQIX	A	0.16%

TVAL Underweight 110 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	F	-0.64%
ACGL	C	-0.55%
DUK	C	-0.5%
HSBC	A	-0.48%
LNT	A	-0.4%
V	A	-0.4%
KOF	F	-0.37%
INTC	C	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
GILD	C	-0.35%
DOW	F	-0.32%
CAH	B	-0.31%
CP	F	-0.29%
NNN	C	-0.29%
ED	C	-0.29%
AEP	C	-0.28%
RF	A	-0.28%
TEL	B	-0.28%
AMT	C	-0.27%
JEF	A	-0.26%
MMM	D	-0.26%
NOC	D	-0.26%
CHTR	C	-0.26%
LOW	C	-0.25%
ORCL	A	-0.25%
NEM	D	-0.24%
WEC	A	-0.24%
CMS	C	-0.24%
GWW	B	-0.24%
DOV	A	-0.24%
HPQ	B	-0.24%
MKL	A	-0.24%
OKE	A	-0.24%
LMT	D	-0.24%
FOXA	A	-0.24%
LH	B	-0.23%
LYB	F	-0.23%
IBM	C	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
SBUX	A	-0.23%
AMGN	F	-0.23%
CSCO	B	-0.23%
MA	B	-0.22%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
EL	F	-0.21%
NVDA	B	-0.21%
GS	A	-0.21%
SHW	B	-0.21%
EIX	B	-0.21%
KLAC	F	-0.2%
EG	C	-0.2%
AVGO	D	-0.2%
PAA	B	-0.2%
MO	A	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
CCI	C	-0.19%
KMI	A	-0.19%
LEA	F	-0.18%
EBAY	D	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	F	-0.18%
AMZN	C	-0.18%
EPD	A	-0.18%
AAPL	C	-0.17%
JCI	B	-0.13%
APTV	F	-0.13%
HAS	D	-0.13%
AON	A	-0.13%
GM	C	-0.13%
WELL	A	-0.12%
IFF	D	-0.12%
VTR	B	-0.12%
GOOGL	C	-0.12%
EMR	B	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
MCO	B	-0.12%
PRU	A	-0.11%
BWA	D	-0.11%
MLM	C	-0.11%
CHD	A	-0.11%
DG	F	-0.11%
REG	A	-0.11%
RJF	A	-0.11%
OC	A	-0.11%
MAS	D	-0.11%
FMC	D	-0.11%
BABA	D	-0.11%
VRSK	A	-0.1%
KIM	A	-0.1%
SJM	D	-0.1%
WBA	F	-0.1%
BHF	C	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
EA	A	-0.09%
BIIB	F	-0.09%
RPRX	D	-0.09%
PCG	A	-0.09%
T	A	-0.09%
HUM	C	-0.07%
ITW	B	-0.06%
SIGI	C	-0.06%
FTV	C	-0.05%