LKOR vs. NULC ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to Nuveen ESG Large-Cap ETF (NULC)

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

$45.80

Average Daily Volume

9,003

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

NULC

Nuveen ESG Large-Cap ETF

NULC Description

The investment seeks to track the investment results, before fees and expenses, of the ICE BofAML Enhanced Yield 1-5 Year US Broad Bond Index (the "index"). Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in component securities of the index. The index is designed to broadly capture the 1-5 year U.S. investment grade fixed income market, as represented by a modified version of the ICE BofAML 1-5 Year US Broad Market Index.

Grade (RS Rating)

Last Trade

$45.86

Average Daily Volume

735

Number of Holdings ^*

119

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	NULC
30 Days	1.78%	1.72%
60 Days	7.28%	2.40%
90 Days	7.48%	4.44%
12 Months	18.08%	30.81%

46 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in NULC	Overlap
ACGL	B	0.55%	0.15%	0.15%
AMGN	B	0.23%	1.17%	0.23%
AMT	C	0.27%	1.26%	0.27%
C	D	0.21%	0.85%	0.21%
CAH	C	0.31%	0.13%	0.13%
CMCSA	D	0.24%	0.71%	0.24%
DHR	C	0.1%	1.62%	0.1%
DOV	B	0.24%	0.01%	0.01%
EA	D	0.09%	0.33%	0.09%
EBAY	B	0.18%	0.49%	0.18%
ED	C	0.29%	0.73%	0.29%
EXC	B	0.22%	0.81%	0.22%
FTV	C	0.05%	0.44%	0.05%
GILD	B	0.35%	0.67%	0.35%
GOOGL	D	0.12%	2.89%	0.12%
GS	C	0.21%	0.2%	0.2%
HCA	A	0.24%	1.48%	0.24%
HD	A	0.19%	0.2%	0.19%
HPE	D	0.37%	0.45%	0.37%
HPQ	D	0.24%	0.67%	0.24%
IBM	A	0.23%	1.76%	0.23%
INTC	F	0.37%	0.96%	0.37%
KO	B	0.19%	1.87%	0.19%
LOW	A	0.25%	0.79%	0.25%
LYB	F	0.23%	0.49%	0.23%
MA	B	0.22%	2.13%	0.22%
MCD	B	0.12%	1.27%	0.12%
MCK	F	0.23%	1.3%	0.23%
MCO	A	0.12%	0.32%	0.12%
MMC	C	0.24%	1.5%	0.24%
MMM	A	0.26%	0.63%	0.26%
MS	C	0.14%	1.23%	0.14%
MSFT	C	0.1%	7.39%	0.1%
NEM	B	0.24%	0.24%	0.24%
NVDA	D	0.21%	6.92%	0.21%
OKE	B	0.24%	1.1%	0.24%
PGR	A	0.23%	1.62%	0.23%
SPGI	A	0.16%	1.64%	0.16%
T	C	0.09%	0.9%	0.09%
TXN	C	0.23%	0.65%	0.23%
UNP	C	0.16%	0.04%	0.04%
V	C	0.4%	2.19%	0.4%
VZ	B	0.18%	0.25%	0.18%
WELL	C	0.12%	0.07%	0.07%
WTW	C	0.1%	0.05%	0.05%
ZTS	C	0.19%	0.65%	0.19%

LKOR Overweight 117 Positions Relative to NULC

Symbol	Grade	Weight
PM	C	0.7%
SCCO	D	0.64%
DUK	B	0.5%
HSBC	B	0.48%
LNT	B	0.4%
FITB	B	0.39%
KOF	D	0.37%
BA	F	0.37%
NI	B	0.37%
CVS	F	0.36%
ABBV	C	0.33%
DOW	D	0.32%
CP	C	0.29%
NNN	C	0.29%
AEP	C	0.28%
RF	B	0.28%
TEL	D	0.28%
KMB	D	0.26%
JEF	B	0.26%
NOC	A	0.26%
CHTR	D	0.26%
HON	D	0.25%
ORCL	B	0.25%
WFC	D	0.25%
CAG	C	0.24%
AEE	A	0.24%
WEC	B	0.24%
CMS	B	0.24%
GWW	A	0.24%
BHP	D	0.24%
KDP	B	0.24%
MKL	C	0.24%
LMT	B	0.24%
FOXA	B	0.24%
LH	C	0.23%
AIG	D	0.23%
WRB	C	0.23%
ATO	B	0.23%
BDX	F	0.23%
SBUX	C	0.23%
CSCO	B	0.23%
BAC	D	0.23%
D	B	0.23%
MRO	C	0.22%
VMI	D	0.22%
EL	F	0.21%
SRE	B	0.21%
SHW	B	0.21%
EIX	C	0.21%
KLAC	D	0.2%
EG	C	0.2%
HIG	B	0.2%
AVGO	C	0.2%
PAA	C	0.2%
MO	C	0.2%
STZ	D	0.19%
NDAQ	A	0.19%
CCI	C	0.19%
KMI	A	0.19%
LEA	F	0.18%
CPB	B	0.18%
AIZ	B	0.18%
ARE	C	0.18%
AMZN	C	0.18%
EPD	B	0.18%
REGN	C	0.17%
AAPL	C	0.17%
UNH	C	0.16%
HAL	F	0.14%
MET	A	0.14%
JCI	B	0.13%
APTV	D	0.13%
EFX	C	0.13%
HAS	B	0.13%
AON	B	0.13%
GM	B	0.13%
XOM	D	0.12%
TT	A	0.12%
IFF	C	0.12%
VTR	C	0.12%
EMR	D	0.12%
IPG	C	0.12%
AFL	C	0.12%
NSC	C	0.12%
JNJ	C	0.12%
CSX	D	0.12%
PRU	C	0.11%
BWA	D	0.11%
MLM	D	0.11%
CHD	C	0.11%
DG	F	0.11%
REG	C	0.11%
RJF	C	0.11%
OC	D	0.11%
MAS	B	0.11%
FMC	C	0.11%
SO	A	0.11%
BABA	B	0.11%
OTIS	C	0.1%
VRSK	D	0.1%
KIM	C	0.1%
SJM	C	0.1%
WBA	F	0.1%
ELV	C	0.1%
RPM	B	0.1%
BHF	D	0.1%
GLW	B	0.1%
MDLZ	C	0.09%
BIIB	F	0.09%
RPRX	D	0.09%
PCG	B	0.09%
JPM	D	0.09%
HUM	F	0.07%
ITW	C	0.06%
SIGI	D	0.06%
LHX	C	0.05%
ALL	B	0.04%

LKOR Underweight 73 Positions Relative to NULC

Symbol	Grade	Weight
LLY	C	-2.7%
GOOG	D	-1.77%
PG	C	-1.6%
ETN	C	-1.52%
MELI	B	-1.49%
DIS	D	-1.4%
TSLA	C	-1.37%
TJX	C	-1.35%
ECL	A	-1.31%
CRM	D	-1.28%
CARR	B	-1.26%
PNC	A	-1.18%
UPS	F	-1.09%
TGT	C	-1.07%
AMAT	D	-1.06%
CMG	C	-0.98%
ADP	B	-0.93%
PEP	D	-0.86%
SNPS	D	-0.86%
AMD	D	-0.85%
LNG	C	-0.84%
EW	F	-0.81%
MRVL	C	-0.8%
BKR	C	-0.69%
VEEV	C	-0.67%
ADM	D	-0.6%
AXON	A	-0.56%
CDNS	D	-0.56%
KEYS	C	-0.53%
AWK	C	-0.5%
NTAP	D	-0.49%
ADBE	F	-0.49%
TRV	B	-0.48%
IRM	B	-0.48%
FSLR	C	-0.48%
CBOE	C	-0.45%
WST	D	-0.44%
URI	B	-0.44%
KR	C	-0.44%
EQIX	B	-0.42%
WDC	D	-0.42%
STX	C	-0.41%
TRU	B	-0.4%
HOLX	C	-0.39%
BALL	C	-0.38%
J	C	-0.37%
TFC	D	-0.36%
TEAM	D	-0.36%
BKNG	B	-0.36%
VRTX	D	-0.34%
STLD	D	-0.33%
TRMB	C	-0.29%
DECK	D	-0.29%
JNPR	A	-0.26%
HOOD	C	-0.24%
FDX	F	-0.24%
A	C	-0.21%
SOLV	C	-0.21%
PANW	C	-0.17%
MKTX	C	-0.17%
MOS	F	-0.16%
DINO	F	-0.15%
EME	A	-0.15%
NXPI	D	-0.1%
LPLA	F	-0.09%
CI	C	-0.09%
AKAM	D	-0.08%
IT	A	-0.07%
USB	B	-0.06%
IDXX	D	-0.06%
AZO	D	-0.04%
DXCM	F	-0.03%
BG	D	-0.01%