FELV vs. LKOR ETF Comparison

Comparison of Fidelity Enhanced Large Cap Value ETF (FELV) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

FELV

Fidelity Enhanced Large Cap Value ETF

FELV Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell 1000® Value Index, which is a market capitalization-weighted index designed to measure the performance of the large-cap value segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$32.56

Average Daily Volume

106,908

Number of Holdings ^*

332

* 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	FELV	LKOR
30 Days	4.38%	-0.56%
60 Days	5.85%	-5.06%
90 Days	7.57%	-3.66%
12 Months	29.90%	9.17%

82 Overlapping Holdings

Symbol	Grade	Weight in FELV	Weight in LKOR	Overlap
AAPL	C	0.19%	0.17%	0.17%
ABBV	D	0.85%	0.33%	0.33%
AEP	D	0.08%	0.28%	0.08%
AIZ	A	0.11%	0.18%	0.11%
ALL	A	0.19%	0.04%	0.04%
AMGN	D	0.15%	0.23%	0.15%
AMT	D	0.14%	0.27%	0.14%
AMZN	C	0.08%	0.18%	0.08%
AON	A	0.59%	0.13%	0.13%
AVGO	D	0.12%	0.2%	0.12%
BAC	A	1.77%	0.23%	0.23%
BDX	F	0.74%	0.23%	0.23%
BIIB	F	0.3%	0.09%	0.09%
C	A	0.48%	0.21%	0.21%
CAH	B	0.3%	0.31%	0.3%
CCI	D	0.57%	0.19%	0.19%
CMCSA	B	1.13%	0.24%	0.24%
CSCO	B	1.07%	0.23%	0.23%
CSX	B	0.34%	0.12%	0.12%
CVS	D	0.3%	0.36%	0.3%
DHR	F	0.17%	0.1%	0.1%
DUK	C	0.28%	0.5%	0.28%
EA	A	0.11%	0.09%	0.09%
ED	D	0.22%	0.29%	0.22%
EIX	B	0.17%	0.21%	0.17%
ELV	F	0.11%	0.1%	0.1%
EXC	C	0.24%	0.22%	0.22%
FTV	C	0.33%	0.05%	0.05%
GILD	C	0.92%	0.35%	0.35%
GLW	B	0.01%	0.1%	0.01%
GS	A	0.34%	0.21%	0.21%
HAL	C	0.13%	0.14%	0.13%
HD	A	0.45%	0.19%	0.19%
HON	B	0.08%	0.25%	0.08%
HPE	B	0.21%	0.37%	0.21%
HUM	C	0.14%	0.07%	0.07%
IBM	C	0.27%	0.23%	0.23%
IFF	D	0.08%	0.12%	0.08%
INTC	D	0.85%	0.37%	0.37%
ITW	B	0.12%	0.06%	0.06%
JCI	C	0.21%	0.13%	0.13%
JNJ	D	1.02%	0.12%	0.12%
JPM	A	2.93%	0.09%	0.09%
KLAC	D	0.03%	0.2%	0.03%
KMB	D	0.14%	0.26%	0.14%
KMI	A	0.24%	0.19%	0.19%
LH	C	0.08%	0.23%	0.08%
LHX	C	0.45%	0.05%	0.05%
LMT	D	0.64%	0.24%	0.24%
LOW	D	0.07%	0.25%	0.07%
MA	C	0.28%	0.22%	0.22%
MCD	D	0.28%	0.12%	0.12%
MCK	B	0.09%	0.23%	0.09%
MDLZ	F	0.06%	0.09%	0.06%
MKL	A	0.17%	0.24%	0.17%
MMC	B	0.38%	0.24%	0.24%
MMM	D	0.6%	0.26%	0.26%
MO	A	0.28%	0.2%	0.2%
MS	A	0.54%	0.14%	0.14%
NEM	D	0.05%	0.24%	0.05%
NOC	D	0.63%	0.26%	0.26%
NSC	B	0.57%	0.12%	0.12%
NVDA	C	0.17%	0.21%	0.17%
OC	A	0.22%	0.11%	0.11%
PCG	A	0.39%	0.09%	0.09%
PGR	A	0.35%	0.23%	0.23%
PM	B	1.31%	0.7%	0.7%
PRU	A	0.17%	0.11%	0.11%
REG	B	0.07%	0.11%	0.07%
RJF	A	0.03%	0.11%	0.03%
SO	D	0.12%	0.11%	0.11%
SPGI	C	0.63%	0.16%	0.16%
T	A	1.02%	0.09%	0.09%
TT	A	0.52%	0.12%	0.12%
TXN	C	0.16%	0.23%	0.16%
UNH	C	1.57%	0.16%	0.16%
UNP	C	0.75%	0.16%	0.16%
VMI	B	0.2%	0.22%	0.2%
VZ	C	0.68%	0.18%	0.18%
WFC	A	1.22%	0.25%	0.25%
WTW	B	0.26%	0.1%	0.1%
XOM	B	2.51%	0.12%	0.12%

FELV Overweight 250 Positions Relative to LKOR

Symbol	Grade	Weight
BRK.A	B	3.64%
WMT	A	1.76%
PG	A	1.24%
GE	D	1.05%
SCHW	B	0.88%
MU	D	0.86%
PFE	D	0.85%
BMY	B	0.84%
NEE	D	0.81%
DIS	B	0.8%
PYPL	B	0.79%
ETN	A	0.76%
TMO	F	0.73%
SQ	B	0.7%
PNC	B	0.7%
RTX	C	0.7%
RSG	A	0.66%
BK	A	0.63%
CVNA	B	0.62%
CI	F	0.6%
SEIC	B	0.58%
PPG	F	0.57%
CME	A	0.57%
TMUS	B	0.56%
COP	C	0.56%
ABT	B	0.54%
CL	D	0.54%
CAT	B	0.54%
ALLE	D	0.54%
TXT	D	0.53%
CVX	A	0.53%
EOG	A	0.53%
ZM	B	0.52%
PSA	D	0.52%
ECL	D	0.5%
QCOM	F	0.5%
SSNC	B	0.5%
DD	D	0.48%
LDOS	C	0.47%
COF	B	0.47%
CACI	D	0.46%
LIN	D	0.46%
WAB	B	0.45%
CTAS	B	0.43%
DBX	B	0.42%
AMAT	F	0.42%
MDT	D	0.4%
PCAR	B	0.39%
UNM	A	0.38%
ADBE	C	0.37%
BLK	C	0.37%
IGT	F	0.36%
L	A	0.35%
EXEL	B	0.35%
TPH	D	0.35%
EVRG	A	0.35%
BRX	A	0.35%
CMI	A	0.34%
ACN	C	0.34%
NUE	C	0.34%
DVN	F	0.34%
LPX	B	0.33%
STLD	B	0.33%
F	C	0.33%
ZBRA	B	0.32%
KR	B	0.31%
TWLO	A	0.3%
FR	C	0.28%
VMC	B	0.28%
VEEV	C	0.28%
TOL	B	0.28%
GL	B	0.28%
TRV	B	0.28%
GEV	B	0.28%
ANF	C	0.28%
TJX	A	0.28%
TDC	D	0.27%
SYK	C	0.26%
AME	A	0.26%
VICI	C	0.25%
CLX	B	0.25%
GAP	C	0.25%
XEL	A	0.25%
SEE	C	0.25%
FLS	B	0.25%
WM	A	0.25%
TFC	A	0.24%
CNC	D	0.23%
CINF	A	0.22%
Z	A	0.22%
DOCU	A	0.22%
CRM	B	0.22%
DOC	D	0.22%
INCY	C	0.22%
SKYW	B	0.21%
MGM	D	0.21%
META	D	0.21%
AXP	A	0.2%
MSI	B	0.2%
EQIX	A	0.2%
PNR	A	0.19%
NFLX	A	0.19%
DTE	C	0.19%
USFD	A	0.19%
FTI	A	0.19%
BSX	B	0.19%
MSCI	C	0.19%
KEY	B	0.18%
SPG	B	0.18%
ITT	A	0.18%
ICE	C	0.18%
TMHC	B	0.18%
ZG	A	0.18%
IQV	D	0.17%
LNW	D	0.17%
ACA	A	0.17%
CEG	D	0.17%
EQR	B	0.17%
GEHC	F	0.16%
TAP	C	0.16%
QGEN	D	0.16%
MEDP	D	0.16%
CCK	C	0.16%
AES	F	0.16%
PFG	D	0.16%
BBY	D	0.15%
STT	A	0.15%
CNP	B	0.15%
ILMN	D	0.15%
JXN	C	0.15%
RCL	A	0.15%
OXY	D	0.15%
WDC	D	0.14%
GD	F	0.14%
PKG	A	0.13%
WDAY	B	0.13%
SWKS	F	0.13%
CCL	B	0.13%
ES	D	0.13%
TROW	B	0.13%
PH	A	0.12%
SOLV	C	0.12%
NTAP	C	0.12%
WMB	A	0.12%
EEFT	B	0.12%
HWM	A	0.12%
KHC	F	0.12%
UHS	D	0.12%
BLD	D	0.11%
QRVO	F	0.11%
ENS	D	0.11%
ROST	C	0.11%
BCC	B	0.11%
GRMN	B	0.11%
AMH	D	0.11%
BMRN	D	0.11%
TPR	B	0.1%
ADTN	A	0.1%
ADM	D	0.1%
BKR	B	0.1%
CRC	B	0.1%
ADP	B	0.1%
PEG	A	0.1%
MHO	D	0.1%
FANG	D	0.09%
A	D	0.09%
TRGP	B	0.09%
CNO	A	0.09%
MTDR	B	0.09%
WBD	C	0.09%
KD	B	0.09%
GPN	B	0.09%
ACT	D	0.09%
VRTX	F	0.09%
CRUS	D	0.09%
TENB	C	0.08%
DASH	A	0.08%
MKC	D	0.08%
DELL	C	0.08%
BBWI	D	0.08%
ALRM	C	0.08%
VST	B	0.07%
CMG	B	0.07%
BYD	C	0.07%
LYFT	C	0.07%
WCC	B	0.07%
NWL	B	0.06%
NWSA	B	0.06%
EW	C	0.06%
UPS	C	0.06%
LEG	F	0.06%
ARW	D	0.06%
VSTS	C	0.06%
OGE	B	0.06%
NMRK	B	0.06%
DFS	B	0.05%
TRMB	B	0.05%
SAM	C	0.05%
CTRA	B	0.05%
FHI	A	0.05%
GLPI	C	0.05%
CW	B	0.05%
PLTK	B	0.05%
GIS	D	0.05%
AM	A	0.04%
ADI	D	0.04%
VLTO	D	0.04%
INGR	B	0.04%
VAC	B	0.04%
CSGP	D	0.04%
HL	D	0.04%
CWEN	C	0.04%
BKH	A	0.04%
CTRE	D	0.04%
AXTA	A	0.03%
MSA	D	0.03%
SYF	B	0.03%
TFX	F	0.03%
UAL	A	0.03%
RGA	A	0.03%
EXTR	B	0.03%
WS	B	0.03%
ALKS	B	0.03%
DHI	D	0.03%
NWS	B	0.03%
MATX	C	0.03%
AMD	F	0.02%
CWEN	C	0.02%
AYI	B	0.02%
SWI	B	0.02%
OKTA	C	0.02%
OGN	D	0.02%
BERY	B	0.02%
ITRI	B	0.02%
BIO	D	0.02%
WOOF	D	0.02%
MWA	B	0.01%
TNL	A	0.01%
TGT	F	0.01%
FTDR	A	0.01%
MUR	D	0.01%
PHM	D	0.01%
CXT	B	0.01%
BLDR	D	0.01%
ROP	B	0.01%
DGX	A	0.01%
ANSS	B	0.01%
AXS	A	0.01%
SON	D	0.01%
M	D	0.01%

FELV Underweight 81 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	F	-0.64%
ACGL	D	-0.55%
HSBC	B	-0.48%
LNT	A	-0.4%
V	A	-0.4%
FITB	A	-0.39%
KOF	F	-0.37%
BA	F	-0.37%
NI	A	-0.37%
DOW	F	-0.32%
CP	D	-0.29%
NNN	D	-0.29%
RF	A	-0.28%
TEL	B	-0.28%
JEF	A	-0.26%
CHTR	C	-0.26%
ORCL	B	-0.25%
CAG	D	-0.24%
AEE	A	-0.24%
WEC	A	-0.24%
CMS	C	-0.24%
GWW	B	-0.24%
BHP	F	-0.24%
HCA	F	-0.24%
DOV	A	-0.24%
KDP	D	-0.24%
HPQ	B	-0.24%
OKE	A	-0.24%
FOXA	B	-0.24%
LYB	F	-0.23%
AIG	B	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
SBUX	A	-0.23%
D	C	-0.23%
MRO	B	-0.22%
EL	F	-0.21%
SRE	A	-0.21%
SHW	A	-0.21%
EG	C	-0.2%
HIG	B	-0.2%
PAA	B	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
ZTS	D	-0.19%
KO	D	-0.19%
LEA	D	-0.18%
EBAY	D	-0.18%
CPB	D	-0.18%
ARE	D	-0.18%
EPD	A	-0.18%
REGN	F	-0.17%
MET	A	-0.14%
APTV	D	-0.13%
EFX	F	-0.13%
HAS	D	-0.13%
GM	B	-0.13%
WELL	A	-0.12%
VTR	C	-0.12%
GOOGL	C	-0.12%
EMR	A	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
MCO	B	-0.12%
BWA	D	-0.11%
MLM	B	-0.11%
CHD	B	-0.11%
DG	F	-0.11%
MAS	D	-0.11%
FMC	D	-0.11%
BABA	D	-0.11%
OTIS	C	-0.1%
VRSK	A	-0.1%
KIM	A	-0.1%
SJM	D	-0.1%
WBA	F	-0.1%
RPM	A	-0.1%
BHF	B	-0.1%
MSFT	F	-0.1%
RPRX	D	-0.09%
SIGI	C	-0.06%