LKOR vs. PHEQ ETF Comparison

Comparison of FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR) to Parametric Hedged Equity ETF (PHEQ)

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

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	LKOR	PHEQ
30 Days	-0.56%	1.99%
60 Days	-5.06%	3.02%
90 Days	-3.66%	3.86%
12 Months	9.17%	16.61%

55 Overlapping Holdings

Symbol	Grade	Weight in LKOR	Weight in PHEQ	Overlap
AAPL	C	0.17%	6.85%	0.17%
ABBV	D	0.33%	0.85%	0.33%
AEE	A	0.24%	0.3%	0.24%
AMGN	D	0.23%	0.45%	0.23%
AMZN	C	0.18%	4.1%	0.18%
APTV	D	0.13%	0.14%	0.13%
ARE	D	0.18%	0.21%	0.18%
AVGO	D	0.2%	1.71%	0.2%
BA	F	0.37%	0.32%	0.32%
BAC	A	0.23%	0.98%	0.23%
CAG	D	0.24%	0.17%	0.17%
CMS	C	0.24%	0.31%	0.24%
CPB	D	0.18%	0.18%	0.18%
CSCO	B	0.23%	0.79%	0.23%
DOV	A	0.24%	0.33%	0.24%
GLW	B	0.1%	0.25%	0.1%
GOOGL	C	0.12%	2.28%	0.12%
HAL	C	0.14%	0.16%	0.14%
HD	A	0.19%	1.15%	0.19%
HIG	B	0.2%	0.33%	0.2%
IBM	C	0.23%	0.56%	0.23%
IFF	D	0.12%	0.16%	0.12%
JNJ	D	0.12%	1.04%	0.12%
JPM	A	0.09%	1.73%	0.09%
KLAC	D	0.2%	0.34%	0.2%
KMB	D	0.26%	0.33%	0.26%
KO	D	0.19%	0.77%	0.19%
LH	C	0.23%	0.31%	0.23%
LMT	D	0.24%	0.58%	0.24%
LNT	A	0.4%	0.33%	0.33%
LOW	D	0.25%	0.57%	0.25%
LYB	F	0.23%	0.22%	0.22%
MA	C	0.22%	1.14%	0.22%
MKL	A	0.24%	0.23%	0.23%
MMM	D	0.26%	0.44%	0.26%
MRO	B	0.22%	0.24%	0.22%
MS	A	0.14%	0.39%	0.14%
MSFT	F	0.1%	6.55%	0.1%
NDAQ	A	0.19%	0.24%	0.19%
NEM	D	0.24%	0.23%	0.23%
NVDA	C	0.21%	7.12%	0.21%
ORCL	B	0.25%	0.73%	0.25%
OTIS	C	0.1%	0.33%	0.1%
PRU	A	0.11%	0.37%	0.11%
REGN	F	0.17%	0.21%	0.17%
RPRX	D	0.09%	0.04%	0.04%
SCCO	F	0.64%	0.07%	0.07%
T	A	0.09%	0.68%	0.09%
TXN	C	0.23%	0.59%	0.23%
UNH	C	0.16%	1.37%	0.16%
UNP	C	0.16%	0.52%	0.16%
V	A	0.4%	1.28%	0.4%
WFC	A	0.25%	0.67%	0.25%
WRB	A	0.23%	0.21%	0.21%
XOM	B	0.12%	1.4%	0.12%

LKOR Overweight 108 Positions Relative to PHEQ

Symbol	Grade	Weight
PM	B	0.7%
ACGL	D	0.55%
DUK	C	0.5%
HSBC	B	0.48%
FITB	A	0.39%
KOF	F	0.37%
INTC	D	0.37%
HPE	B	0.37%
NI	A	0.37%
CVS	D	0.36%
GILD	C	0.35%
DOW	F	0.32%
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%
JEF	A	0.26%
NOC	D	0.26%
CHTR	C	0.26%
HON	B	0.25%
WEC	A	0.24%
MMC	B	0.24%
GWW	B	0.24%
BHP	F	0.24%
CMCSA	B	0.24%
HCA	F	0.24%
KDP	D	0.24%
HPQ	B	0.24%
OKE	A	0.24%
FOXA	B	0.24%
PGR	A	0.23%
MCK	B	0.23%
AIG	B	0.23%
ATO	A	0.23%
BDX	F	0.23%
SBUX	A	0.23%
D	C	0.23%
EXC	C	0.22%
VMI	B	0.22%
EL	F	0.21%
SRE	A	0.21%
GS	A	0.21%
SHW	A	0.21%
EIX	B	0.21%
C	A	0.21%
EG	C	0.2%
PAA	B	0.2%
MO	A	0.2%
STZ	D	0.19%
ZTS	D	0.19%
CCI	D	0.19%
KMI	A	0.19%
LEA	D	0.18%
EBAY	D	0.18%
AIZ	A	0.18%
EPD	A	0.18%
VZ	C	0.18%
SPGI	C	0.16%
MET	A	0.14%
JCI	C	0.13%
EFX	F	0.13%
HAS	D	0.13%
AON	A	0.13%
GM	B	0.13%
TT	A	0.12%
WELL	A	0.12%
VTR	C	0.12%
EMR	A	0.12%
IPG	D	0.12%
AFL	B	0.12%
NSC	B	0.12%
MCO	B	0.12%
CSX	B	0.12%
MCD	D	0.12%
BWA	D	0.11%
MLM	B	0.11%
CHD	B	0.11%
DG	F	0.11%
REG	B	0.11%
RJF	A	0.11%
OC	A	0.11%
MAS	D	0.11%
FMC	D	0.11%
SO	D	0.11%
BABA	D	0.11%
VRSK	A	0.1%
KIM	A	0.1%
SJM	D	0.1%
DHR	F	0.1%
WBA	F	0.1%
ELV	F	0.1%
RPM	A	0.1%
BHF	B	0.1%
WTW	B	0.1%
MDLZ	F	0.09%
EA	A	0.09%
BIIB	F	0.09%
PCG	A	0.09%
HUM	C	0.07%
ITW	B	0.06%
SIGI	C	0.06%
LHX	C	0.05%
FTV	C	0.05%
ALL	A	0.04%

LKOR Underweight 148 Positions Relative to PHEQ

Symbol	Grade	Weight
META	D	-2.66%
TSLA	B	-1.91%
GOOG	C	-1.9%
BRK.A	B	-1.42%
LLY	F	-1.39%
PG	A	-1.09%
COST	B	-1.07%
WMT	A	-0.96%
CVX	A	-0.84%
NFLX	A	-0.8%
PEP	F	-0.72%
MRK	F	-0.69%
LIN	D	-0.67%
CRM	B	-0.63%
NOW	A	-0.61%
ABT	B	-0.6%
TMO	F	-0.59%
ISRG	A	-0.58%
DIS	B	-0.57%
AXP	A	-0.57%
CAT	B	-0.55%
AMD	F	-0.51%
MDT	D	-0.51%
TMUS	B	-0.51%
BMY	B	-0.48%
ADBE	C	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
DE	A	-0.44%
WM	A	-0.44%
CTAS	B	-0.42%
ETR	B	-0.4%
TRV	B	-0.39%
DAL	C	-0.39%
BKNG	A	-0.39%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
AVB	B	-0.35%
SCHW	B	-0.35%
PPL	B	-0.34%
K	A	-0.34%
RSG	A	-0.34%
YUM	B	-0.33%
QCOM	F	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
LRCX	F	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
MAA	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
L	A	-0.24%
FE	C	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
HEI	B	-0.22%
SSNC	B	-0.21%
AMCR	D	-0.21%
LULU	C	-0.21%
PFG	D	-0.2%
MSTR	C	-0.2%
ESS	B	-0.19%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
DVN	F	-0.17%
AKAM	D	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%