HELO vs. LKOR ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* 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	HELO	LKOR
30 Days	1.57%	-0.56%
60 Days	3.39%	-5.06%
90 Days	4.59%	-3.66%
12 Months	20.91%	9.17%

57 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in LKOR	Overlap
AAPL	C	6.83%	0.17%	0.17%
ABBV	D	1.14%	0.33%	0.33%
AMZN	C	4.5%	0.18%	0.18%
AON	A	0.44%	0.13%	0.13%
APTV	D	0.1%	0.13%	0.1%
AVGO	D	1.02%	0.2%	0.2%
BAC	A	1.26%	0.23%	0.23%
BIIB	F	0.12%	0.09%	0.09%
C	A	0.3%	0.21%	0.21%
CHD	B	0.3%	0.11%	0.11%
CHTR	C	0.25%	0.26%	0.25%
CMCSA	B	0.71%	0.24%	0.24%
CMS	C	0.1%	0.24%	0.1%
CSX	B	0.41%	0.12%	0.12%
DHR	F	0.44%	0.1%	0.1%
DOW	F	0.35%	0.32%	0.32%
EL	F	0.05%	0.21%	0.05%
FITB	A	0.48%	0.39%	0.39%
GOOGL	C	2.09%	0.12%	0.12%
GS	A	0.75%	0.21%	0.21%
HCA	F	0.11%	0.24%	0.11%
HON	B	0.98%	0.25%	0.25%
HPE	B	0.18%	0.37%	0.18%
HUM	C	0.16%	0.07%	0.07%
JNJ	D	0.51%	0.12%	0.12%
KO	D	0.63%	0.19%	0.19%
LOW	D	0.99%	0.25%	0.25%
LYB	F	0.23%	0.23%	0.23%
MA	C	1.72%	0.22%	0.22%
MAS	D	0.23%	0.11%	0.11%
MCD	D	0.81%	0.12%	0.12%
MCK	B	0.16%	0.23%	0.16%
MDLZ	F	0.72%	0.09%	0.09%
MET	A	0.3%	0.14%	0.14%
MLM	B	0.16%	0.11%	0.11%
MMC	B	0.14%	0.24%	0.14%
MO	A	0.15%	0.2%	0.15%
MSFT	F	7.13%	0.1%	0.1%
NOC	D	0.17%	0.26%	0.17%
NVDA	C	7.8%	0.21%	0.21%
ORCL	B	0.36%	0.25%	0.25%
OTIS	C	0.5%	0.1%	0.1%
PCG	A	0.5%	0.09%	0.09%
PGR	A	0.75%	0.23%	0.23%
PM	B	0.32%	0.7%	0.32%
REGN	F	0.45%	0.17%	0.17%
SO	D	0.84%	0.11%	0.11%
T	A	0.18%	0.09%	0.09%
TT	A	0.96%	0.12%	0.12%
TXN	C	0.87%	0.23%	0.23%
UNH	C	1.62%	0.16%	0.16%
UNP	C	0.17%	0.16%	0.16%
V	A	1.49%	0.4%	0.4%
VTR	C	0.39%	0.12%	0.12%
WELL	A	0.27%	0.12%	0.12%
WFC	A	1.0%	0.25%	0.25%
XOM	B	1.43%	0.12%	0.12%

HELO Overweight 104 Positions Relative to LKOR

Symbol	Grade	Weight
META	D	2.9%
TSLA	B	1.58%
BRK.A	B	1.53%
GOOG	C	1.46%
CRM	B	1.15%
LLY	F	1.07%
NOW	A	0.94%
TMO	F	0.89%
NEE	D	0.83%
PEP	F	0.83%
LIN	D	0.82%
COP	C	0.81%
SYK	C	0.76%
BKNG	A	0.75%
NXPI	D	0.72%
ADI	D	0.72%
BMY	B	0.68%
DE	A	0.68%
AZO	C	0.65%
HWM	A	0.62%
VRTX	F	0.6%
CME	A	0.59%
UBER	D	0.58%
MU	D	0.57%
TFC	A	0.56%
UPS	C	0.54%
COST	B	0.53%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
INTU	C	0.51%
CMG	B	0.51%
PLD	D	0.5%
YUM	B	0.5%
CTSH	B	0.49%
CPAY	A	0.47%
EOG	A	0.47%
CARR	D	0.46%
MDT	D	0.46%
AMD	F	0.45%
ROST	C	0.44%
SCHW	B	0.42%
STX	D	0.41%
LDOS	C	0.39%
DLR	B	0.39%
ETN	A	0.38%
LRCX	F	0.37%
HLT	A	0.36%
TRV	B	0.34%
RCL	A	0.34%
CI	F	0.34%
FDX	B	0.33%
USB	A	0.33%
MNST	C	0.32%
SBAC	D	0.31%
FANG	D	0.31%
DIS	B	0.31%
EXPE	B	0.29%
TXT	D	0.29%
KVUE	A	0.26%
BKR	B	0.24%
BURL	A	0.24%
MRK	F	0.24%
IR	B	0.23%
DAL	C	0.23%
PPG	F	0.21%
ACN	C	0.21%
AXP	A	0.21%
BBY	D	0.2%
AMP	A	0.2%
KKR	A	0.2%
ABT	B	0.19%
ELS	C	0.19%
CVX	A	0.18%
PCAR	B	0.18%
ADBE	C	0.18%
WDC	D	0.18%
MSI	B	0.17%
CDNS	B	0.17%
TMUS	B	0.17%
ANET	C	0.15%
LEN	D	0.14%
PG	A	0.14%
TGT	F	0.14%
SQ	B	0.14%
URI	B	0.13%
LULU	C	0.13%
PFG	D	0.13%
FICO	B	0.12%
NUE	C	0.11%
DASH	A	0.11%
VST	B	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
EQT	B	0.06%
BAX	D	0.06%
MRVL	B	0.06%
AME	A	0.06%
NRG	B	0.04%
BMRN	D	0.03%
SRPT	D	0.03%
LKQ	D	0.02%

HELO Underweight 106 Positions Relative to LKOR

Symbol	Grade	Weight
SCCO	F	-0.64%
ACGL	D	-0.55%
DUK	C	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
KOF	F	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
GILD	C	-0.35%
CAH	B	-0.31%
CP	D	-0.29%
NNN	D	-0.29%
ED	D	-0.29%
AEP	D	-0.28%
RF	A	-0.28%
TEL	B	-0.28%
AMT	D	-0.27%
KMB	D	-0.26%
JEF	A	-0.26%
MMM	D	-0.26%
CAG	D	-0.24%
AEE	A	-0.24%
NEM	D	-0.24%
WEC	A	-0.24%
GWW	B	-0.24%
BHP	F	-0.24%
DOV	A	-0.24%
KDP	D	-0.24%
HPQ	B	-0.24%
MKL	A	-0.24%
OKE	A	-0.24%
LMT	D	-0.24%
FOXA	B	-0.24%
LH	C	-0.23%
IBM	C	-0.23%
AIG	B	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
BDX	F	-0.23%
SBUX	A	-0.23%
AMGN	D	-0.23%
CSCO	B	-0.23%
D	C	-0.23%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
SRE	A	-0.21%
SHW	A	-0.21%
EIX	B	-0.21%
KLAC	D	-0.2%
EG	C	-0.2%
HIG	B	-0.2%
PAA	B	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
ZTS	D	-0.19%
CCI	D	-0.19%
KMI	A	-0.19%
HD	A	-0.19%
LEA	D	-0.18%
EBAY	D	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	D	-0.18%
EPD	A	-0.18%
VZ	C	-0.18%
SPGI	C	-0.16%
HAL	C	-0.14%
MS	A	-0.14%
JCI	C	-0.13%
EFX	F	-0.13%
HAS	D	-0.13%
GM	B	-0.13%
IFF	D	-0.12%
EMR	A	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
NSC	B	-0.12%
MCO	B	-0.12%
PRU	A	-0.11%
BWA	D	-0.11%
DG	F	-0.11%
REG	B	-0.11%
RJF	A	-0.11%
OC	A	-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%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	B	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
EA	A	-0.09%
RPRX	D	-0.09%
JPM	A	-0.09%
ITW	B	-0.06%
SIGI	C	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%
ALL	A	-0.04%