SKOR vs. DBND ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to DoubleLine Opportunistic Bond ETF (DBND)

SKOR

FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR Description

The investment seeks the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM. The fund generally will invest at least 80% of its total assets in the securities of its underlying index. The index reflects the performance of a portfolio of US-dollar denominated bonds of companies that are considered by the index Provider to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust US Investment-Grade Corporate Bond IndexSM. The fund is non-diversified

Grade (RS Rating)

Last Trade

$47.99

Average Daily Volume

46,485

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

DBND

DoubleLine Opportunistic Bond ETF

DBND Description

Under normal circumstances, the Advisor intends to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in fixed income instruments or other investments with economic characteristics similar to fixed income instruments. It may invest in fixed income instruments of any credit quality, including those that are at the time of investment unrated or rated BB+ or lower by S&P or Ba1 or lower by Moody?s or the equivalent by any other nationally recognized statistical rating organization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.71

Average Daily Volume

48,932

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	DBND
30 Days	-0.47%	-0.65%
60 Days	-1.65%	-2.72%
90 Days	-0.49%	-1.64%
12 Months	7.15%	6.86%

26 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in DBND	Overlap
ABBV	F	0.08%	0.61%	0.08%
ARCC	A	0.11%	0.35%	0.11%
BA	F	0.06%	0.35%	0.06%
BAC	A	0.0%	0.56%	0.0%
BMO	A	0.11%	0.38%	0.11%
BNS	A	0.09%	0.68%	0.09%
CCI	C	0.18%	0.38%	0.18%
CHTR	C	0.2%	0.17%	0.17%
CMCSA	B	0.14%	0.38%	0.14%
CVS	D	0.16%	0.42%	0.16%
DFS	B	0.11%	0.49%	0.11%
DLTR	F	0.05%	0.59%	0.05%
GM	C	0.2%	0.34%	0.2%
GS	A	0.1%	0.66%	0.1%
HCA	F	0.03%	0.29%	0.03%
JPM	A	0.01%	0.62%	0.01%
KMI	A	0.28%	0.35%	0.28%
MAR	A	0.04%	0.38%	0.04%
MO	A	0.1%	0.34%	0.1%
NTAP	C	0.07%	0.37%	0.07%
ORCL	A	0.11%	0.3%	0.11%
PCG	A	0.07%	0.18%	0.07%
RPRX	D	0.14%	0.32%	0.14%
SO	C	0.1%	0.36%	0.1%
T	A	0.12%	0.48%	0.12%
WTW	B	0.06%	0.29%	0.06%

SKOR Overweight 279 Positions Relative to DBND

Symbol	Grade	Weight
LEN	D	0.32%
FOXA	A	0.25%
AEE	A	0.25%
PEP	F	0.24%
LMT	D	0.23%
SPG	A	0.22%
NXPI	D	0.21%
PHM	D	0.2%
VRSN	C	0.19%
NI	A	0.19%
MAS	D	0.19%
TPR	B	0.19%
PAA	B	0.19%
APD	A	0.19%
TMO	F	0.19%
NOC	D	0.19%
CHD	A	0.18%
ELV	F	0.18%
JNJ	C	0.18%
TD	D	0.17%
DOW	F	0.17%
GPN	B	0.17%
WEC	A	0.17%
ATO	A	0.17%
PM	B	0.17%
DG	F	0.16%
LII	A	0.16%
ARW	D	0.15%
ALL	A	0.15%
ADI	D	0.15%
XEL	A	0.14%
TDY	B	0.14%
CI	D	0.14%
ALLY	C	0.14%
OKE	A	0.14%
GD	D	0.14%
TMUS	B	0.14%
WU	F	0.13%
BWA	D	0.13%
WM	B	0.13%
GILD	C	0.13%
AMT	C	0.13%
JBHT	C	0.12%
BRX	A	0.12%
O	C	0.12%
AMCR	C	0.12%
CME	B	0.12%
INTC	C	0.12%
HUM	C	0.12%
APH	A	0.11%
AMGN	F	0.11%
CM	A	0.11%
SWK	D	0.11%
BHP	F	0.11%
ED	C	0.11%
K	A	0.11%
MKL	A	0.11%
NVT	B	0.11%
AMZN	C	0.11%
ATHS	D	0.11%
UNP	C	0.11%
LH	B	0.11%
VRSK	A	0.1%
DLR	B	0.1%
BMY	B	0.1%
BIDU	F	0.1%
WY	F	0.1%
CNP	A	0.1%
LNT	A	0.1%
BKU	A	0.1%
TRMB	B	0.1%
CB	C	0.1%
INTU	B	0.1%
COST	A	0.1%
LHX	C	0.1%
V	A	0.1%
VNT	C	0.09%
IBM	C	0.09%
THG	A	0.09%
SBUX	A	0.09%
MET	A	0.09%
DHR	F	0.09%
CARR	C	0.09%
FHN	A	0.09%
DIS	B	0.09%
DTE	C	0.09%
BXP	C	0.09%
CMA	B	0.09%
AGR	A	0.09%
CL	D	0.09%
HST	C	0.09%
MCK	A	0.09%
ADBE	C	0.09%
FLO	D	0.09%
LAZ	B	0.09%
MLM	C	0.09%
AON	A	0.09%
FITB	B	0.09%
AAPL	C	0.09%
KMB	C	0.08%
BR	A	0.08%
AFG	A	0.08%
PSA	C	0.08%
ADSK	A	0.08%
AWH	F	0.08%
QCOM	F	0.08%
BG	D	0.08%
FAF	A	0.08%
LEA	F	0.08%
HBAN	A	0.08%
BDX	F	0.08%
EBAY	D	0.08%
CSL	C	0.08%
CMS	C	0.08%
KLAC	F	0.08%
HP	C	0.08%
ORI	A	0.08%
H	B	0.08%
UPS	C	0.08%
CBOE	C	0.08%
KO	D	0.08%
DSS	F	0.08%
AMH	C	0.08%
VLO	C	0.08%
EW	C	0.08%
DINO	D	0.08%
KEYS	A	0.08%
KDP	F	0.08%
NDAQ	A	0.08%
WHR	B	0.08%
ROP	B	0.08%
BRO	B	0.08%
WELL	A	0.08%
TT	A	0.08%
SPGI	C	0.08%
GIS	D	0.08%
NFG	A	0.08%
ORLY	B	0.08%
JEF	A	0.08%
BLK	B	0.08%
KEY	B	0.08%
MMM	D	0.08%
MU	D	0.08%
DUK	C	0.08%
GLPI	C	0.08%
SYF	B	0.08%
D	C	0.08%
C	A	0.08%
ADP	A	0.07%
EMR	B	0.07%
AVT	C	0.07%
KMPR	A	0.07%
PLD	F	0.07%
DHI	F	0.07%
PPG	F	0.07%
DGX	A	0.07%
CPT	B	0.07%
SBRA	C	0.07%
WB	D	0.07%
ALLE	C	0.07%
BAX	F	0.07%
CE	F	0.07%
ITW	B	0.07%
DOV	A	0.07%
A	D	0.07%
BKH	A	0.07%
ESS	B	0.07%
GSBD	F	0.07%
PKG	A	0.07%
FMC	D	0.07%
NSC	B	0.07%
TEL	B	0.07%
MKC	C	0.07%
USB	A	0.07%
AWK	C	0.07%
TXN	C	0.07%
AMP	A	0.07%
CUBE	C	0.07%
HUBB	B	0.07%
OTIS	C	0.07%
CFG	B	0.07%
MCO	B	0.07%
STT	B	0.07%
SRE	A	0.07%
MDLZ	F	0.07%
PEG	A	0.07%
HPQ	B	0.07%
AXP	A	0.07%
EPD	A	0.07%
BABA	D	0.07%
HSBC	A	0.07%
WFC	A	0.07%
ROK	C	0.06%
SKT	A	0.06%
REG	A	0.06%
CPB	D	0.06%
WAB	B	0.06%
SCS	C	0.06%
GL	C	0.06%
ECL	D	0.06%
WPC	C	0.06%
AL	B	0.06%
TFC	A	0.06%
PG	C	0.06%
NNN	C	0.06%
SITC	D	0.05%
DT	D	0.05%
EFX	F	0.05%
RY	A	0.05%
BK	A	0.05%
AER	A	0.05%
AZO	C	0.05%
ZTS	D	0.05%
PDM	D	0.04%
KIM	A	0.04%
STLD	B	0.04%
HPP	F	0.04%
VOYA	B	0.04%
KRG	B	0.04%
FTV	C	0.04%
RNR	C	0.04%
AIZ	A	0.04%
SJM	D	0.04%
RPM	A	0.04%
EA	A	0.04%
ARE	F	0.04%
CMI	A	0.04%
PGR	A	0.04%
HII	F	0.04%
AXS	A	0.04%
HIW	C	0.04%
AIG	B	0.04%
CSX	C	0.04%
AFL	B	0.04%
HON	C	0.04%
ES	C	0.04%
MCD	D	0.04%
MSI	B	0.04%
CSCO	B	0.04%
KRC	B	0.04%
SCHW	B	0.04%
SHW	B	0.04%
RSG	A	0.04%
LOW	C	0.04%
MSFT	D	0.04%
DB	D	0.04%
EIX	B	0.04%
MA	B	0.04%
AVGO	D	0.04%
NEE	C	0.04%
MS	A	0.04%
FLS	B	0.03%
SYK	B	0.03%
GOOGL	C	0.03%
FNF	B	0.03%
PNC	B	0.03%
VZ	C	0.03%
PH	A	0.02%
CTAS	B	0.02%
AAP	D	0.02%
BDN	C	0.02%
MAA	B	0.02%
EQR	C	0.02%
PYPL	B	0.02%
AVB	B	0.02%
CLX	A	0.02%
AVY	F	0.02%
VTR	B	0.02%
COF	C	0.02%
AEP	C	0.02%
MUFG	B	0.02%
WMT	A	0.02%
UNH	B	0.02%
MMC	B	0.01%
CP	F	0.01%
EQIX	A	0.0%
HD	B	0.0%
OHI	C	0.0%
PRU	A	0.0%

SKOR Underweight 27 Positions Relative to DBND

Symbol	Grade	Weight
UPST	B	-1.79%
COMM	D	-0.77%
OC	A	-0.37%
DKS	D	-0.34%
SYY	D	-0.33%
EXPE	B	-0.3%
CCL	A	-0.26%
AAL	B	-0.19%
COTY	F	-0.19%
PENN	C	-0.19%
PFGC	B	-0.19%
POST	C	-0.18%
PK	C	-0.18%
GFF	A	-0.18%
MODV	C	-0.18%
SPH	C	-0.18%
UAL	A	-0.18%
NRG	B	-0.17%
VSCO	C	-0.17%
CACC	D	-0.16%
UBER	F	-0.16%
BALY	B	-0.16%
SSP	F	-0.16%
OMI	F	-0.16%
OMF	A	-0.16%
GPOR	B	-0.16%
EXC	C	-0.09%