LKOR vs. DYNF ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to BlackRock U.S. Equity Factor Rotation ETF (DYNF)

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

$45.76

Average Daily Volume

8,975

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

DYNF

BlackRock U.S. Equity Factor Rotation ETF

DYNF Description

The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.51

Average Daily Volume

1,158,397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	DYNF
30 Days	2.40%	0.48%
60 Days	7.07%	2.54%
90 Days	7.36%	2.91%
12 Months	16.28%	34.80%

39 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in DYNF	Overlap
AAPL	D	0.17%	7.13%	0.17%
ACGL	B	0.55%	0.53%	0.53%
AFL	B	0.12%	0.0%	0.0%
AMZN	C	0.18%	4.18%	0.18%
AVGO	C	0.2%	2.07%	0.2%
BAC	D	0.23%	2.96%	0.23%
C	D	0.21%	0.46%	0.21%
CMCSA	D	0.24%	0.0%	0.0%
CSCO	B	0.23%	1.31%	0.23%
DOV	B	0.24%	0.0%	0.0%
DUK	C	0.5%	1.55%	0.5%
EBAY	B	0.18%	0.0%	0.0%
EG	B	0.2%	0.05%	0.05%
GM	B	0.13%	0.7%	0.13%
GOOGL	D	0.12%	2.71%	0.12%
GWW	B	0.24%	0.02%	0.02%
HD	B	0.19%	0.02%	0.02%
HIG	A	0.2%	2.17%	0.2%
HPE	D	0.37%	0.0%	0.0%
INTC	F	0.37%	0.0%	0.0%
JPM	D	0.09%	3.92%	0.09%
MA	B	0.22%	1.73%	0.22%
MCK	F	0.23%	0.0%	0.0%
MET	A	0.14%	0.01%	0.01%
MLM	D	0.11%	0.01%	0.01%
MMC	C	0.24%	0.0%	0.0%
MO	C	0.2%	0.0%	0.0%
MSFT	C	0.1%	7.45%	0.1%
NVDA	D	0.21%	7.69%	0.21%
ORCL	B	0.25%	0.66%	0.25%
PGR	A	0.23%	1.75%	0.23%
SO	B	0.11%	0.01%	0.01%
TEL	D	0.28%	1.3%	0.28%
TT	B	0.12%	0.99%	0.12%
UNH	C	0.16%	2.63%	0.16%
V	B	0.4%	3.95%	0.4%
WFC	D	0.25%	0.03%	0.03%
WTW	B	0.1%	0.0%	0.0%
XOM	D	0.12%	3.91%	0.12%

LKOR Overweight 124 Positions Relative to DYNF

Symbol	Grade	Weight
PM	C	0.7%
SCCO	D	0.64%
HSBC	B	0.48%
LNT	A	0.4%
FITB	B	0.39%
KOF	D	0.37%
BA	F	0.37%
NI	B	0.37%
CVS	D	0.36%
GILD	B	0.35%
ABBV	C	0.33%
DOW	D	0.32%
CAH	C	0.31%
CP	B	0.29%
NNN	B	0.29%
ED	C	0.29%
AEP	B	0.28%
RF	B	0.28%
AMT	C	0.27%
KMB	D	0.26%
JEF	B	0.26%
MMM	B	0.26%
NOC	B	0.26%
CHTR	D	0.26%
HON	D	0.25%
LOW	B	0.25%
CAG	B	0.24%
AEE	B	0.24%
NEM	B	0.24%
WEC	B	0.24%
CMS	A	0.24%
BHP	D	0.24%
HCA	B	0.24%
KDP	A	0.24%
HPQ	D	0.24%
MKL	C	0.24%
OKE	B	0.24%
LMT	C	0.24%
FOXA	B	0.24%
LH	B	0.23%
LYB	F	0.23%
IBM	B	0.23%
AIG	D	0.23%
TXN	C	0.23%
WRB	C	0.23%
ATO	B	0.23%
BDX	F	0.23%
SBUX	C	0.23%
AMGN	B	0.23%
D	C	0.23%
EXC	B	0.22%
MRO	D	0.22%
VMI	D	0.22%
EL	F	0.21%
SRE	B	0.21%
GS	D	0.21%
SHW	B	0.21%
EIX	C	0.21%
KLAC	D	0.2%
PAA	D	0.2%
STZ	C	0.19%
NDAQ	B	0.19%
ZTS	B	0.19%
KO	B	0.19%
CCI	B	0.19%
KMI	A	0.19%
LEA	D	0.18%
CPB	B	0.18%
AIZ	B	0.18%
ARE	B	0.18%
EPD	A	0.18%
VZ	B	0.18%
REGN	C	0.17%
SPGI	B	0.16%
UNP	B	0.16%
HAL	F	0.14%
MS	D	0.14%
JCI	B	0.13%
APTV	D	0.13%
EFX	C	0.13%
HAS	B	0.13%
AON	B	0.13%
WELL	B	0.12%
IFF	B	0.12%
VTR	C	0.12%
EMR	D	0.12%
IPG	C	0.12%
NSC	C	0.12%
MCO	A	0.12%
JNJ	B	0.12%
CSX	D	0.12%
MCD	C	0.12%
PRU	C	0.11%
BWA	D	0.11%
CHD	C	0.11%
DG	F	0.11%
REG	C	0.11%
RJF	C	0.11%
OC	C	0.11%
MAS	B	0.11%
FMC	C	0.11%
BABA	C	0.11%
OTIS	D	0.1%
VRSK	D	0.1%
KIM	B	0.1%
SJM	C	0.1%
DHR	B	0.1%
WBA	F	0.1%
ELV	C	0.1%
RPM	B	0.1%
BHF	D	0.1%
GLW	B	0.1%
MDLZ	B	0.09%
EA	D	0.09%
BIIB	F	0.09%
RPRX	C	0.09%
PCG	C	0.09%
T	B	0.09%
HUM	F	0.07%
ITW	B	0.06%
SIGI	C	0.06%
LHX	D	0.05%
FTV	C	0.05%
ALL	A	0.04%

LKOR Underweight 55 Positions Relative to DYNF

Symbol	Grade	Weight
LEN	B	-4.2%
BRK.A	C	-4.02%
META	A	-3.63%
COST	C	-2.41%
TMUS	C	-2.34%
PG	C	-1.98%
WMT	B	-1.5%
NOW	A	-1.43%
GOOG	D	-1.31%
TRV	B	-1.29%
CAT	C	-1.26%
BKNG	B	-1.24%
CRM	D	-1.11%
PANW	D	-1.08%
TJX	C	-1.08%
PCAR	D	-0.89%
NFLX	B	-0.81%
PHM	B	-0.8%
GE	B	-0.72%
MPC	D	-0.62%
LIN	B	-0.61%
AMAT	D	-0.6%
TRGP	B	-0.57%
INTU	D	-0.49%
AXP	B	-0.44%
CVX	D	-0.28%
ETN	C	-0.26%
RTX	C	-0.17%
PH	B	-0.16%
WM	D	-0.16%
APH	D	-0.12%
LLY	C	-0.05%
DHI	B	-0.05%
AMD	F	-0.03%
QCOM	D	-0.02%
CMG	C	-0.02%
DELL	D	-0.01%
ADBE	D	-0.01%
CRWD	F	-0.01%
VLO	D	-0.01%
CMI	C	-0.01%
WDAY	D	-0.01%
MRK	D	-0.01%
KHC	C	-0.01%
CPNG	B	-0.0%
M	F	-0.0%
SNOW	F	-0.0%
NU	B	-0.0%
NTNX	C	-0.0%
DIS	D	-0.0%
CFG	D	-0.0%
RSG	D	-0.0%
PSX	D	-0.0%
DE	B	-0.0%
ANET	B	-0.0%