GSST vs. LKOR ETF Comparison

Comparison of Goldman Sachs Access Ultra Short Bond ETF (GSST) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

GSST

Goldman Sachs Access Ultra Short Bond ETF

GSST Description

The investment seeks to provide current income with preservation of capital. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in a broad range of U.S. dollar denominated bonds. It will concentrate its investments in the financial services group of industries. Under normal circumstances, the fund's effective duration is expected to be one year or less.

Grade (RS Rating)

Last Trade

$50.47

Average Daily Volume

134,145

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

$45.18

Average Daily Volume

9,154

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	GSST	LKOR
30 Days	0.72%	4.65%
60 Days	1.41%	6.04%
90 Days	1.52%	7.47%
12 Months	5.45%	14.40%

22 Overlapping Holdings

Symbol	Grade	Weight in GSST	Weight in LKOR	Overlap
ABBV	B	0.1%	0.33%	0.1%
AEP	A	0.19%	0.28%	0.19%
AIG	D	0.23%	0.23%	0.23%
ATO	A	0.13%	0.23%	0.13%
BABA	B	0.16%	0.11%	0.11%
BAC	D	0.35%	0.23%	0.23%
BIIB	D	0.34%	0.09%	0.09%
C	D	0.22%	0.21%	0.21%
DUK	A	0.26%	0.5%	0.26%
FITB	B	0.15%	0.39%	0.15%
GILD	A	0.23%	0.35%	0.23%
GM	B	0.1%	0.13%	0.1%
HPE	D	0.13%	0.37%	0.13%
HSBC	B	0.43%	0.48%	0.43%
JPM	B	0.88%	0.09%	0.09%
MCO	B	0.13%	0.12%	0.12%
MKL	C	0.19%	0.24%	0.19%
MMM	B	0.22%	0.26%	0.22%
MS	C	0.37%	0.14%	0.14%
SO	A	0.48%	0.11%	0.11%
T	A	0.46%	0.09%	0.09%
VZ	B	0.4%	0.18%	0.18%

GSST Overweight 40 Positions Relative to LKOR

Symbol	Grade	Weight
CI	B	0.72%
DFS	C	0.64%
NVR	B	0.64%
CCEP	A	0.59%
FN	C	0.49%
BMO	D	0.45%
KIND	D	0.44%
CM	A	0.43%
PSA	A	0.43%
JXN	C	0.4%
BNS	A	0.37%
UBS	D	0.36%
DTE	B	0.35%
EQH	C	0.35%
R	C	0.33%
ICE	A	0.31%
SCHW	D	0.31%
TD	A	0.31%
CNP	D	0.27%
RY	A	0.25%
DLTR	F	0.25%
FIS	A	0.25%
CRPT	F	0.2%
PL	D	0.19%
PPL	A	0.19%
ETR	A	0.18%
NWG	C	0.17%
MPLX	A	0.16%
NEE	A	0.15%
CSL	C	0.14%
ROP	C	0.14%
RL	A	0.13%
MPC	D	0.13%
AL	D	0.11%
PFG	D	0.11%
COMM	B	0.1%
VOYA	B	0.08%
OGE	B	0.07%
GNR	D	0.05%
BX	B	0.03%

GSST Underweight 141 Positions Relative to LKOR

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