DFNV vs. LKOR ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$33.85

Average Daily Volume

20,507

Number of Holdings ^*

* 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

$44.64

Average Daily Volume

9,515

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	LKOR
30 Days	8.55%	-0.78%
60 Days	12.63%	2.93%
90 Days	5.28%	5.12%
12 Months	33.38%	19.17%

11 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in LKOR	Overlap
AAPL	C	8.54%	0.17%	0.17%
ABBV	D	3.25%	0.33%	0.33%
AMGN	D	1.86%	0.23%	0.23%
AMZN	C	0.19%	0.18%	0.18%
AVGO	A	4.49%	0.2%	0.2%
EA	D	1.03%	0.09%	0.09%
GILD	A	1.91%	0.35%	0.35%
HAS	B	0.55%	0.13%	0.13%
IBM	A	2.37%	0.23%	0.23%
JNJ	D	2.8%	0.12%	0.12%
MMM	C	1.39%	0.26%	0.26%

DFNV Overweight 88 Positions Relative to LKOR

Symbol	Grade	Weight
CRM	B	2.64%
NOW	B	2.55%
QCOM	D	2.47%
ADBE	F	2.43%
INTU	F	2.16%
UBER	B	2.05%
BMY	B	2.02%
PANW	B	1.78%
ANET	A	1.72%
PLTR	A	1.65%
SPOT	C	1.57%
CRWD	C	1.52%
MSI	A	1.5%
APP	A	1.4%
FTNT	A	1.36%
DASH	B	1.35%
PYPL	A	1.33%
TTD	A	1.19%
ADSK	A	1.16%
DDOG	B	1.14%
WDAY	D	1.12%
VRT	B	1.1%
SNOW	F	1.08%
MCHP	F	1.0%
VEEV	C	0.99%
TEAM	C	0.95%
NTAP	B	0.91%
RBLX	D	0.87%
RMD	C	0.86%
ZS	D	0.86%
PINS	C	0.84%
MANH	A	0.78%
PTC	D	0.75%
EXPE	B	0.74%
PSTG	D	0.74%
DT	B	0.71%
UI	A	0.71%
DUOL	B	0.7%
NTNX	B	0.7%
ZM	C	0.69%
DOCU	B	0.68%
GEN	A	0.66%
VRSN	D	0.63%
SWKS	F	0.63%
FFIV	A	0.58%
ENPH	F	0.58%
JKHY	A	0.58%
MTCH	B	0.54%
SMAR	A	0.54%
NBIX	F	0.52%
SOLV	C	0.51%
QRVO	F	0.5%
PCTY	C	0.5%
DBX	B	0.48%
PEGA	C	0.46%
CVLT	A	0.45%
ZETA	A	0.45%
GNRC	B	0.45%
PI	A	0.45%
ETSY	F	0.44%
NYT	C	0.44%
HALO	D	0.43%
JAZZ	F	0.41%
CRUS	D	0.41%
MAT	B	0.4%
ALTR	B	0.4%
PATH	D	0.39%
LYFT	D	0.37%
TENB	D	0.37%
BOX	C	0.36%
QLYS	F	0.36%
ALKS	D	0.32%
CWAN	C	0.3%
IGT	F	0.27%
BL	C	0.26%
PRGS	B	0.22%
PLTK	C	0.22%
TDC	D	0.22%
VERX	B	0.21%
YOU	B	0.21%
FLNC	C	0.21%
PTGX	C	0.2%
RNG	F	0.2%
ALRM	F	0.2%
YELP	D	0.18%
RPD	D	0.18%
ACAD	F	0.18%
CMPR	F	0.15%

DFNV Underweight 152 Positions Relative to LKOR

Symbol	Grade	Weight
PM	D	-0.7%
SCCO	C	-0.64%
ACGL	C	-0.55%
DUK	D	-0.5%
HSBC	C	-0.48%
LNT	B	-0.4%
V	B	-0.4%
FITB	C	-0.39%
KOF	D	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
HPE	B	-0.37%
NI	C	-0.37%
CVS	B	-0.36%
DOW	D	-0.32%
CAH	B	-0.31%
CP	D	-0.29%
NNN	C	-0.29%
ED	C	-0.29%
AEP	D	-0.28%
RF	C	-0.28%
TEL	D	-0.28%
AMT	D	-0.27%
KMB	B	-0.26%
JEF	A	-0.26%
NOC	C	-0.26%
CHTR	D	-0.26%
HON	B	-0.25%
LOW	A	-0.25%
ORCL	A	-0.25%
WFC	B	-0.25%
CAG	F	-0.24%
AEE	B	-0.24%
NEM	C	-0.24%
WEC	C	-0.24%
CMS	B	-0.24%
MMC	C	-0.24%
GWW	B	-0.24%
BHP	C	-0.24%
CMCSA	C	-0.24%
HCA	D	-0.24%
DOV	C	-0.24%
KDP	C	-0.24%
HPQ	B	-0.24%
MKL	D	-0.24%
OKE	B	-0.24%
LMT	A	-0.24%
FOXA	B	-0.24%
LH	F	-0.23%
LYB	D	-0.23%
PGR	C	-0.23%
MCK	D	-0.23%
AIG	C	-0.23%
TXN	C	-0.23%
WRB	C	-0.23%
ATO	B	-0.23%
BDX	C	-0.23%
SBUX	C	-0.23%
CSCO	A	-0.23%
BAC	B	-0.23%
D	C	-0.23%
MA	A	-0.22%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
EL	D	-0.21%
NVDA	B	-0.21%
SRE	C	-0.21%
GS	B	-0.21%
SHW	C	-0.21%
EIX	C	-0.21%
C	B	-0.21%
KLAC	B	-0.2%
EG	D	-0.2%
HIG	C	-0.2%
PAA	D	-0.2%
MO	D	-0.2%
STZ	D	-0.19%
NDAQ	C	-0.19%
ZTS	D	-0.19%
KO	D	-0.19%
CCI	D	-0.19%
KMI	B	-0.19%
HD	A	-0.19%
LEA	F	-0.18%
EBAY	A	-0.18%
CPB	D	-0.18%
AIZ	C	-0.18%
ARE	D	-0.18%
EPD	B	-0.18%
VZ	C	-0.18%
REGN	F	-0.17%
SPGI	A	-0.16%
UNP	F	-0.16%
UNH	C	-0.16%
HAL	F	-0.14%
MS	A	-0.14%
MET	A	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
EFX	D	-0.13%
AON	A	-0.13%
GM	C	-0.13%
XOM	B	-0.12%
TT	A	-0.12%
WELL	C	-0.12%
IFF	C	-0.12%
VTR	C	-0.12%
GOOGL	C	-0.12%
EMR	C	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
NSC	D	-0.12%
MCO	D	-0.12%
CSX	D	-0.12%
MCD	B	-0.12%
PRU	B	-0.11%
BWA	C	-0.11%
MLM	F	-0.11%
CHD	D	-0.11%
DG	F	-0.11%
REG	D	-0.11%
RJF	B	-0.11%
OC	B	-0.11%
MAS	A	-0.11%
FMC	D	-0.11%
SO	C	-0.11%
BABA	B	-0.11%
OTIS	C	-0.1%
VRSK	C	-0.1%
KIM	C	-0.1%
SJM	F	-0.1%
DHR	D	-0.1%
WBA	F	-0.1%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	C	-0.1%
WTW	B	-0.1%
GLW	C	-0.1%
MSFT	D	-0.1%
MDLZ	D	-0.09%
BIIB	F	-0.09%
RPRX	D	-0.09%
PCG	C	-0.09%
JPM	C	-0.09%
T	B	-0.09%
HUM	F	-0.07%
ITW	C	-0.06%
SIGI	D	-0.06%
LHX	B	-0.05%
FTV	D	-0.05%
ALL	D	-0.04%