SKOR vs. FDL ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to First Trust Morningstar ETF (FDL)

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

$48.01

Average Daily Volume

46,485

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Morningstar(R) Dividend Leaders Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.32

Average Daily Volume

361,610

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	FDL
30 Days	-0.47%	1.78%
60 Days	-1.65%	3.28%
90 Days	-0.49%	5.24%
12 Months	7.15%	32.24%

43 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in FDL	Overlap
ABBV	F	0.08%	6.79%	0.08%
AEE	A	0.25%	0.54%	0.25%
AEP	C	0.02%	1.21%	0.02%
AGR	A	0.09%	0.09%	0.09%
BKH	A	0.07%	0.13%	0.07%
CFG	B	0.07%	0.64%	0.07%
CLX	A	0.02%	0.43%	0.02%
CMA	B	0.09%	0.33%	0.09%
CVS	D	0.16%	2.33%	0.16%
DOW	F	0.17%	1.23%	0.17%
DUK	C	0.08%	2.18%	0.08%
EIX	B	0.04%	0.83%	0.04%
ES	C	0.04%	0.64%	0.04%
FAF	A	0.08%	0.16%	0.08%
FHN	A	0.09%	0.31%	0.09%
FITB	B	0.09%	0.78%	0.09%
FLO	D	0.09%	0.13%	0.09%
FMC	D	0.07%	0.19%	0.07%
FNF	B	0.03%	0.37%	0.03%
GILD	C	0.13%	3.11%	0.13%
HBAN	A	0.08%	0.78%	0.08%
IBM	C	0.09%	4.35%	0.09%
K	A	0.11%	0.42%	0.11%
KEY	B	0.08%	0.66%	0.08%
KMB	C	0.08%	1.08%	0.08%
KMI	A	0.28%	2.06%	0.28%
LNT	A	0.1%	0.35%	0.1%
MO	A	0.1%	4.96%	0.1%
OKE	A	0.14%	1.96%	0.14%
PM	B	0.17%	5.87%	0.17%
PNC	B	0.03%	2.12%	0.03%
PRU	A	0.0%	1.46%	0.0%
SJM	D	0.04%	0.31%	0.04%
STT	B	0.07%	0.67%	0.07%
SWK	D	0.11%	0.31%	0.11%
TFC	A	0.06%	2.19%	0.06%
UPS	C	0.08%	3.49%	0.08%
USB	A	0.07%	2.44%	0.07%
VZ	C	0.03%	7.42%	0.03%
WEC	A	0.17%	0.76%	0.17%
WHR	B	0.08%	0.33%	0.08%
WU	F	0.13%	0.2%	0.13%
XEL	A	0.14%	0.93%	0.14%

SKOR Overweight 262 Positions Relative to FDL

Symbol	Grade	Weight
LEN	D	0.32%
FOXA	A	0.25%
PEP	F	0.24%
LMT	D	0.23%
SPG	A	0.22%
NXPI	D	0.21%
CHTR	C	0.2%
GM	C	0.2%
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%
CCI	C	0.18%
JNJ	C	0.18%
TD	D	0.17%
GPN	B	0.17%
ATO	A	0.17%
DG	F	0.16%
LII	A	0.16%
ARW	D	0.15%
ALL	A	0.15%
ADI	D	0.15%
RPRX	D	0.14%
CMCSA	B	0.14%
TDY	B	0.14%
CI	D	0.14%
ALLY	C	0.14%
GD	D	0.14%
TMUS	B	0.14%
BWA	D	0.13%
WM	B	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%
T	A	0.12%
INTC	C	0.12%
HUM	C	0.12%
APH	A	0.11%
AMGN	F	0.11%
CM	A	0.11%
BHP	F	0.11%
ED	C	0.11%
MKL	A	0.11%
NVT	B	0.11%
AMZN	C	0.11%
ATHS	D	0.11%
UNP	C	0.11%
ARCC	A	0.11%
BMO	A	0.11%
DFS	B	0.11%
LH	B	0.11%
ORCL	A	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%
BKU	A	0.1%
TRMB	B	0.1%
CB	C	0.1%
INTU	B	0.1%
COST	A	0.1%
SO	C	0.1%
GS	A	0.1%
LHX	C	0.1%
V	A	0.1%
VNT	C	0.09%
THG	A	0.09%
SBUX	A	0.09%
MET	A	0.09%
DHR	F	0.09%
CARR	C	0.09%
DIS	B	0.09%
DTE	C	0.09%
BXP	C	0.09%
CL	D	0.09%
HST	C	0.09%
MCK	A	0.09%
ADBE	C	0.09%
LAZ	B	0.09%
MLM	C	0.09%
BNS	A	0.09%
AON	A	0.09%
AAPL	C	0.09%
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%
LEA	F	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%
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%
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%
MMM	D	0.08%
MU	D	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%
NTAP	C	0.07%
DHI	F	0.07%
PCG	A	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%
ESS	B	0.07%
GSBD	F	0.07%
PKG	A	0.07%
NSC	B	0.07%
TEL	B	0.07%
MKC	C	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%
MCO	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%
BA	F	0.06%
ECL	D	0.06%
WPC	C	0.06%
AL	B	0.06%
WTW	B	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%
DLTR	F	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%
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%
MCD	D	0.04%
MSI	B	0.04%
MAR	A	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%
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%
HCA	F	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%
AVY	F	0.02%
VTR	B	0.02%
COF	C	0.02%
MUFG	B	0.02%
WMT	A	0.02%
UNH	B	0.02%
MMC	B	0.01%
CP	F	0.01%
JPM	A	0.01%
EQIX	A	0.0%
HD	B	0.0%
OHI	C	0.0%
BAC	A	0.0%

SKOR Underweight 57 Positions Relative to FDL

Symbol	Grade	Weight
CVX	A	-9.22%
PFE	F	-5.94%
F	C	-1.78%
FANG	C	-1.25%
EXC	C	-1.04%
KHC	F	-0.91%
TROW	B	-0.9%
LYB	F	-0.87%
ETR	B	-0.82%
RF	A	-0.75%
FE	C	-0.57%
BBY	D	-0.49%
EVRG	A	-0.44%
OMF	A	-0.42%
CAG	F	-0.41%
IPG	D	-0.33%
CNH	C	-0.32%
PNW	A	-0.29%
BEN	C	-0.28%
COLB	B	-0.28%
LNC	C	-0.26%
OGE	A	-0.25%
MTN	C	-0.24%
HAS	D	-0.24%
ZION	B	-0.23%
UGI	C	-0.22%
SNV	C	-0.21%
JHG	B	-0.19%
APAM	B	-0.17%
VLY	B	-0.17%
UBSI	B	-0.16%
OZK	B	-0.15%
NXST	C	-0.15%
POR	C	-0.14%
FIBK	B	-0.14%
SR	A	-0.13%
WEN	D	-0.13%
TNL	A	-0.13%
ALE	A	-0.12%
CC	C	-0.12%
NJR	A	-0.12%
ASB	B	-0.12%
NWE	B	-0.11%
PRGO	C	-0.11%
PNM	B	-0.11%
FHB	B	-0.11%
MSM	C	-0.11%
MAN	F	-0.1%
OGS	A	-0.1%
AVA	A	-0.1%
CATY	B	-0.09%
SMG	C	-0.09%
FHI	B	-0.09%
LCII	C	-0.08%
CRI	F	-0.06%
SIRI	C	-0.05%
GEF	A	-0.01%