LKOR vs. ACWV ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

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

$44.90

Average Daily Volume

9,410

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.16

Average Daily Volume

157,232

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	ACWV
30 Days	0.23%	0.72%
60 Days	2.69%	7.43%
90 Days	5.84%	8.44%
12 Months	21.34%	23.90%

50 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in ACWV	Overlap
ABBV	C	0.33%	0.55%	0.33%
ACGL	A	0.55%	0.64%	0.55%
AEE	A	0.24%	0.1%	0.1%
AEP	C	0.28%	0.07%	0.07%
AIZ	B	0.18%	0.11%	0.11%
AMGN	D	0.23%	0.37%	0.23%
AON	A	0.13%	0.32%	0.13%
BDX	C	0.23%	0.23%	0.23%
CAG	D	0.24%	0.05%	0.05%
CAH	B	0.31%	0.16%	0.16%
CHD	D	0.11%	0.44%	0.11%
CMS	A	0.24%	0.17%	0.17%
CPB	D	0.18%	0.24%	0.18%
CSCO	A	0.23%	1.41%	0.23%
DUK	C	0.5%	0.83%	0.5%
EA	D	0.09%	0.54%	0.09%
ED	C	0.29%	0.9%	0.29%
EG	A	0.2%	0.1%	0.1%
ELV	F	0.1%	0.53%	0.1%
GILD	A	0.35%	0.42%	0.35%
HUM	F	0.07%	0.35%	0.07%
IBM	A	0.23%	0.76%	0.23%
JNJ	D	0.12%	1.09%	0.12%
KDP	C	0.24%	0.39%	0.24%
KMB	D	0.26%	0.32%	0.26%
KO	C	0.19%	0.06%	0.06%
LMT	A	0.24%	0.25%	0.24%
MA	A	0.22%	0.17%	0.17%
MCD	A	0.12%	1.02%	0.12%
MCK	F	0.23%	1.11%	0.23%
MDLZ	D	0.09%	0.27%	0.09%
MKL	B	0.24%	0.39%	0.24%
MMC	D	0.24%	0.88%	0.24%
MSFT	D	0.1%	0.75%	0.1%
NEM	C	0.24%	0.12%	0.12%
NOC	B	0.26%	0.79%	0.26%
ORCL	A	0.25%	0.48%	0.25%
PCG	C	0.09%	0.1%	0.09%
PGR	B	0.23%	0.81%	0.23%
REGN	D	0.17%	0.8%	0.17%
SJM	D	0.1%	0.29%	0.1%
SO	A	0.11%	0.82%	0.11%
T	B	0.09%	0.25%	0.09%
UNH	B	0.16%	0.8%	0.16%
V	B	0.4%	0.52%	0.4%
VZ	C	0.18%	0.81%	0.18%
WEC	B	0.24%	0.66%	0.24%
WRB	C	0.23%	0.38%	0.23%
WTW	C	0.1%	0.09%	0.09%
XOM	A	0.12%	0.1%	0.1%

LKOR Overweight 113 Positions Relative to ACWV

Symbol	Grade	Weight
PM	D	0.7%
SCCO	B	0.64%
HSBC	A	0.48%
LNT	B	0.4%
FITB	C	0.39%
KOF	D	0.37%
INTC	D	0.37%
BA	F	0.37%
HPE	B	0.37%
NI	A	0.37%
CVS	D	0.36%
DOW	B	0.32%
CP	C	0.29%
NNN	C	0.29%
RF	B	0.28%
TEL	D	0.28%
AMT	D	0.27%
JEF	A	0.26%
MMM	C	0.26%
CHTR	D	0.26%
HON	C	0.25%
LOW	C	0.25%
WFC	B	0.25%
GWW	B	0.24%
BHP	B	0.24%
CMCSA	B	0.24%
HCA	C	0.24%
DOV	C	0.24%
HPQ	B	0.24%
OKE	A	0.24%
FOXA	B	0.24%
LH	D	0.23%
LYB	B	0.23%
AIG	C	0.23%
TXN	C	0.23%
ATO	A	0.23%
SBUX	B	0.23%
BAC	B	0.23%
D	A	0.23%
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%
HIG	A	0.2%
AVGO	B	0.2%
PAA	B	0.2%
MO	D	0.2%
STZ	D	0.19%
NDAQ	C	0.19%
ZTS	C	0.19%
CCI	D	0.19%
KMI	A	0.19%
HD	A	0.19%
LEA	F	0.18%
EBAY	A	0.18%
ARE	D	0.18%
AMZN	C	0.18%
EPD	A	0.18%
AAPL	C	0.17%
SPGI	C	0.16%
UNP	F	0.16%
HAL	D	0.14%
MS	A	0.14%
MET	A	0.14%
JCI	C	0.13%
APTV	D	0.13%
EFX	D	0.13%
HAS	A	0.13%
GM	D	0.13%
TT	A	0.12%
WELL	C	0.12%
IFF	D	0.12%
VTR	C	0.12%
GOOGL	B	0.12%
EMR	B	0.12%
IPG	D	0.12%
AFL	A	0.12%
NSC	C	0.12%
MCO	D	0.12%
CSX	D	0.12%
PRU	B	0.11%
BWA	C	0.11%
MLM	F	0.11%
DG	F	0.11%
REG	C	0.11%
RJF	B	0.11%
OC	C	0.11%
MAS	C	0.11%
FMC	C	0.11%
BABA	A	0.11%
OTIS	A	0.1%
VRSK	D	0.1%
KIM	C	0.1%
DHR	D	0.1%
WBA	F	0.1%
RPM	A	0.1%
BHF	D	0.1%
GLW	C	0.1%
BIIB	F	0.09%
RPRX	D	0.09%
JPM	C	0.09%
ITW	C	0.06%
SIGI	D	0.06%
LHX	A	0.05%
FTV	C	0.05%
ALL	A	0.04%

LKOR Underweight 88 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	A	-1.72%
WMT	A	-1.69%
MSI	A	-1.66%
WM	B	-1.36%
ROP	D	-1.3%
MRK	F	-1.2%
RSG	D	-1.11%
PEP	F	-1.09%
VRTX	D	-1.06%
COR	F	-0.95%
CB	A	-0.87%
BRK.A	B	-0.87%
PG	D	-0.83%
KR	C	-0.78%
AZO	D	-0.77%
GIS	C	-0.69%
LLY	D	-0.57%
ORLY	A	-0.56%
K	B	-0.55%
CBOE	B	-0.54%
GDDY	B	-0.53%
APH	D	-0.48%
HSY	D	-0.47%
KEYS	B	-0.41%
FI	A	-0.4%
CL	D	-0.39%
L	C	-0.38%
CHT	C	-0.38%
BAH	C	-0.38%
UTHR	C	-0.37%
WCN	D	-0.37%
KHC	F	-0.36%
VRSN	C	-0.36%
TJX	D	-0.35%
ERIE	A	-0.34%
INCY	B	-0.32%
JNPR	C	-0.32%
FFIV	B	-0.32%
AJG	C	-0.31%
AKAM	D	-0.3%
NBIX	F	-0.29%
TSN	D	-0.29%
TRV	B	-0.28%
GEN	A	-0.27%
BRO	A	-0.27%
ACN	B	-0.25%
CF	A	-0.25%
CI	D	-0.25%
YUM	C	-0.24%
HRL	F	-0.24%
CME	A	-0.22%
ROL	C	-0.21%
BMY	A	-0.21%
JKHY	A	-0.2%
CTSH	B	-0.2%
FWONK	D	-0.2%
BMRN	F	-0.2%
PTC	B	-0.2%
DPZ	D	-0.19%
GD	C	-0.19%
FCNCA	D	-0.19%
ULTA	D	-0.17%
DGX	D	-0.15%
MPC	D	-0.15%
LNG	A	-0.13%
MOH	F	-0.13%
CTVA	A	-0.12%
WIT	C	-0.11%
MNST	D	-0.11%
TDY	A	-0.1%
ABT	C	-0.1%
FICO	C	-0.1%
AZPN	A	-0.1%
XEL	C	-0.1%
WDAY	D	-0.09%
TPL	A	-0.07%
IT	A	-0.07%
ANET	A	-0.06%
TRGP	A	-0.06%
FANG	D	-0.06%
HSIC	D	-0.06%
CHRW	C	-0.06%
DINO	F	-0.06%
ACI	F	-0.05%
HOLX	D	-0.05%
GPC	D	-0.05%
KNX	D	-0.05%
HKD	C	-0.0%