SKOR vs. GSLC ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC)

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

$48.67

Average Daily Volume

48,998

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

GSLC

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GSLC Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® U.S. Large Cap Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers. The index is constructed using the patented ActiveBeta® Portfolio Construction Methodology.

Grade (RS Rating)

Last Trade

$112.89

Average Daily Volume

192,830

Number of Holdings ^*

424

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	GSLC
30 Days	0.12%	4.49%
60 Days	1.49%	11.28%
90 Days	2.93%	4.30%
12 Months	10.67%	36.87%

195 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in GSLC	Overlap
A	B	0.07%	0.06%	0.06%
AAPL	C	0.09%	6.4%	0.09%
ABBV	C	0.08%	0.6%	0.08%
ADBE	F	0.09%	0.51%	0.09%
ADI	B	0.15%	0.13%	0.13%
ADP	A	0.07%	0.05%	0.05%
ADSK	B	0.08%	0.21%	0.08%
AEP	C	0.02%	0.03%	0.02%
AFL	A	0.04%	0.14%	0.04%
AIG	C	0.04%	0.21%	0.04%
ALL	A	0.15%	0.09%	0.09%
AMGN	D	0.11%	0.26%	0.11%
AMP	A	0.07%	0.32%	0.07%
AMZN	C	0.11%	3.13%	0.11%
AON	A	0.09%	0.11%	0.09%
APH	D	0.11%	0.22%	0.11%
ARE	D	0.04%	0.04%	0.04%
ATO	A	0.17%	0.11%	0.11%
AVB	C	0.02%	0.07%	0.02%
AVGO	B	0.04%	1.21%	0.04%
AVY	D	0.02%	0.15%	0.02%
AXP	A	0.07%	0.26%	0.07%
AZO	D	0.05%	0.25%	0.05%
BAC	B	0.0%	0.34%	0.0%
BDX	C	0.08%	0.07%	0.07%
BG	F	0.08%	0.15%	0.08%
BK	A	0.05%	0.33%	0.05%
BLK	A	0.08%	0.12%	0.08%
BMY	A	0.1%	0.21%	0.1%
BR	B	0.08%	0.14%	0.08%
BRO	A	0.08%	0.15%	0.08%
C	B	0.08%	0.26%	0.08%
CARR	A	0.09%	0.09%	0.09%
CB	A	0.1%	0.21%	0.1%
CBOE	B	0.08%	0.14%	0.08%
CE	D	0.07%	0.13%	0.07%
CFG	C	0.07%	0.07%	0.07%
CHD	D	0.18%	0.13%	0.13%
CHTR	D	0.2%	0.12%	0.12%
CI	D	0.14%	0.31%	0.14%
CL	D	0.09%	0.4%	0.09%
CLX	C	0.02%	0.17%	0.02%
CMCSA	B	0.14%	0.33%	0.14%
CME	A	0.12%	0.11%	0.11%
CMI	A	0.04%	0.08%	0.04%
CMS	A	0.08%	0.06%	0.06%
CNP	B	0.1%	0.05%	0.05%
COF	A	0.02%	0.31%	0.02%
COST	C	0.1%	0.86%	0.1%
CSCO	A	0.04%	0.35%	0.04%
CSL	A	0.08%	0.09%	0.08%
CSX	D	0.04%	0.08%	0.04%
CTAS	C	0.02%	0.35%	0.02%
CVS	D	0.16%	0.25%	0.16%
DFS	A	0.11%	0.21%	0.11%
DG	F	0.16%	0.03%	0.03%
DGX	D	0.07%	0.14%	0.07%
DHI	C	0.07%	0.18%	0.07%
DHR	D	0.09%	0.18%	0.09%
DIS	D	0.09%	0.18%	0.09%
DLR	C	0.1%	0.04%	0.04%
DLTR	F	0.05%	0.05%	0.05%
DOV	C	0.07%	0.11%	0.07%
DOW	B	0.17%	0.09%	0.09%
DTE	B	0.09%	0.02%	0.02%
DUK	C	0.08%	0.09%	0.08%
EA	D	0.04%	0.22%	0.04%
EBAY	A	0.08%	0.11%	0.08%
ECL	C	0.06%	0.1%	0.06%
ED	C	0.11%	0.07%	0.07%
EIX	C	0.04%	0.02%	0.02%
ELV	F	0.18%	0.17%	0.17%
EMR	B	0.07%	0.03%	0.03%
EQR	C	0.02%	0.07%	0.02%
ESS	D	0.07%	0.05%	0.05%
EW	F	0.08%	0.1%	0.08%
FITB	C	0.09%	0.02%	0.02%
FTV	C	0.04%	0.08%	0.04%
GD	C	0.14%	0.14%	0.14%
GILD	A	0.13%	0.18%	0.13%
GIS	C	0.08%	0.05%	0.05%
GOOGL	B	0.03%	1.86%	0.03%
GPN	F	0.17%	0.04%	0.04%
HBAN	B	0.08%	0.03%	0.03%
HCA	C	0.03%	0.12%	0.03%
HD	A	0.0%	0.83%	0.0%
HON	C	0.04%	0.16%	0.04%
HPQ	B	0.07%	0.08%	0.07%
HST	D	0.09%	0.18%	0.09%
HUBB	A	0.07%	0.08%	0.07%
HUM	F	0.12%	0.04%	0.04%
IBM	A	0.09%	0.43%	0.09%
INTC	D	0.12%	0.08%	0.08%
INTU	F	0.1%	0.28%	0.1%
ITW	C	0.07%	0.22%	0.07%
JNJ	D	0.18%	0.65%	0.18%
JPM	C	0.01%	0.98%	0.01%
K	B	0.11%	0.05%	0.05%
KDP	C	0.08%	0.06%	0.06%
KEY	B	0.08%	0.02%	0.02%
KEYS	B	0.08%	0.1%	0.08%
KLAC	B	0.08%	0.25%	0.08%
KMB	D	0.08%	0.15%	0.08%
KMI	A	0.28%	0.21%	0.21%
KO	C	0.08%	0.35%	0.08%
LEN	C	0.32%	0.34%	0.32%
LHX	A	0.1%	0.05%	0.05%
LII	C	0.16%	0.21%	0.16%
LMT	A	0.23%	0.11%	0.11%
LNT	B	0.1%	0.09%	0.09%
LOW	C	0.04%	0.41%	0.04%
MA	A	0.04%	0.79%	0.04%
MAA	D	0.02%	0.06%	0.02%
MAR	A	0.04%	0.09%	0.04%
MAS	C	0.19%	0.19%	0.19%
MCD	A	0.04%	0.2%	0.04%
MCK	F	0.09%	0.17%	0.09%
MCO	D	0.07%	0.32%	0.07%
MDLZ	D	0.07%	0.09%	0.07%
MET	A	0.09%	0.06%	0.06%
MKL	B	0.11%	0.12%	0.11%
MLM	F	0.09%	0.05%	0.05%
MMC	D	0.01%	0.3%	0.01%
MMM	C	0.08%	0.09%	0.08%
MO	D	0.1%	0.16%	0.1%
MS	A	0.04%	0.17%	0.04%
MSFT	D	0.04%	5.94%	0.04%
MSI	A	0.04%	0.3%	0.04%
MU	D	0.08%	0.12%	0.08%
NDAQ	C	0.08%	0.05%	0.05%
NEE	C	0.04%	0.08%	0.04%
NI	A	0.19%	0.07%	0.07%
NOC	B	0.19%	0.02%	0.02%
NTAP	D	0.07%	0.15%	0.07%
O	C	0.12%	0.02%	0.02%
OKE	A	0.14%	0.15%	0.14%
ORCL	A	0.11%	0.29%	0.11%
ORLY	A	0.08%	0.29%	0.08%
OTIS	A	0.07%	0.17%	0.07%
PCG	C	0.07%	0.03%	0.03%
PEG	A	0.07%	0.09%	0.07%
PEP	F	0.24%	0.38%	0.24%
PG	D	0.06%	0.62%	0.06%
PGR	B	0.04%	0.21%	0.04%
PH	A	0.02%	0.16%	0.02%
PHM	C	0.2%	0.33%	0.2%
PKG	B	0.07%	0.1%	0.07%
PM	D	0.17%	0.31%	0.17%
PNC	C	0.03%	0.07%	0.03%
PPG	D	0.07%	0.1%	0.07%
PRU	B	0.0%	0.13%	0.0%
PSA	C	0.08%	0.02%	0.02%
PYPL	A	0.02%	0.08%	0.02%
QCOM	D	0.08%	0.39%	0.08%
ROP	D	0.08%	0.23%	0.08%
RPM	A	0.04%	0.13%	0.04%
RSG	D	0.04%	0.2%	0.04%
SCHW	D	0.04%	0.04%	0.04%
SHW	C	0.04%	0.22%	0.04%
SJM	D	0.04%	0.02%	0.02%
SO	A	0.1%	0.09%	0.09%
SPG	A	0.22%	0.06%	0.06%
SPGI	C	0.08%	0.13%	0.08%
SRE	C	0.07%	0.05%	0.05%
STLD	C	0.04%	0.11%	0.04%
STT	A	0.07%	0.22%	0.07%
SWK	C	0.11%	0.18%	0.11%
SYF	A	0.08%	0.33%	0.08%
SYK	C	0.03%	0.15%	0.03%
T	B	0.12%	0.33%	0.12%
TDY	A	0.14%	0.12%	0.12%
TMO	D	0.19%	0.24%	0.19%
TMUS	A	0.14%	0.25%	0.14%
TRMB	B	0.1%	0.06%	0.06%
TT	A	0.08%	0.14%	0.08%
TXN	C	0.07%	0.27%	0.07%
UNH	B	0.02%	0.85%	0.02%
UNP	F	0.11%	0.06%	0.06%
USB	C	0.07%	0.05%	0.05%
V	B	0.1%	0.72%	0.1%
VLO	F	0.08%	0.22%	0.08%
VRSK	D	0.1%	0.11%	0.1%
VRSN	C	0.19%	0.34%	0.19%
VTR	C	0.02%	0.02%	0.02%
VZ	C	0.03%	0.26%	0.03%
WAB	A	0.06%	0.21%	0.06%
WEC	B	0.17%	0.03%	0.03%
WELL	C	0.08%	0.07%	0.07%
WFC	B	0.07%	0.26%	0.07%
WM	B	0.13%	0.15%	0.13%
WMT	A	0.02%	0.93%	0.02%
WPC	C	0.06%	0.05%	0.05%
WTW	C	0.06%	0.03%	0.03%
WY	C	0.1%	0.04%	0.04%
ZTS	C	0.05%	0.15%	0.05%

SKOR Overweight 110 Positions Relative to GSLC

Symbol	Grade	Weight
FOXA	B	0.25%
AEE	A	0.25%
NXPI	F	0.21%
GM	D	0.2%
TPR	B	0.19%
PAA	B	0.19%
APD	C	0.19%
CCI	D	0.18%
TD	B	0.17%
ARW	C	0.15%
RPRX	D	0.14%
XEL	C	0.14%
ALLY	F	0.14%
WU	D	0.13%
BWA	C	0.13%
AMT	D	0.13%
JBHT	D	0.12%
BRX	C	0.12%
AMCR	C	0.12%
CM	C	0.11%
BHP	B	0.11%
NVT	C	0.11%
ATHS	A	0.11%
ARCC	A	0.11%
BMO	B	0.11%
LH	D	0.11%
BIDU	C	0.1%
BKU	D	0.1%
GS	B	0.1%
VNT	F	0.09%
THG	A	0.09%
SBUX	B	0.09%
FHN	D	0.09%
BXP	B	0.09%
CMA	C	0.09%
AGR	C	0.09%
FLO	D	0.09%
LAZ	C	0.09%
BNS	C	0.09%
AFG	A	0.08%
AWH	F	0.08%
FAF	C	0.08%
LEA	F	0.08%
HP	D	0.08%
ORI	A	0.08%
H	B	0.08%
UPS	D	0.08%
DSS	F	0.08%
AMH	D	0.08%
DINO	F	0.08%
WHR	C	0.08%
NFG	A	0.08%
JEF	A	0.08%
GLPI	C	0.08%
D	A	0.08%
AVT	B	0.07%
KMPR	D	0.07%
PLD	D	0.07%
CPT	C	0.07%
SBRA	C	0.07%
WB	B	0.07%
ALLE	A	0.07%
BAX	D	0.07%
BKH	C	0.07%
GSBD	D	0.07%
FMC	C	0.07%
NSC	C	0.07%
TEL	D	0.07%
MKC	C	0.07%
AWK	D	0.07%
CUBE	C	0.07%
EPD	A	0.07%
BABA	A	0.07%
HSBC	A	0.07%
ROK	D	0.06%
SKT	A	0.06%
REG	C	0.06%
CPB	D	0.06%
SCS	D	0.06%
GL	C	0.06%
BA	F	0.06%
AL	D	0.06%
TFC	D	0.06%
NNN	C	0.06%
SITC	D	0.05%
DT	B	0.05%
EFX	D	0.05%
RY	C	0.05%
AER	C	0.05%
PDM	C	0.04%
KIM	C	0.04%
HPP	F	0.04%
VOYA	A	0.04%
KRG	C	0.04%
RNR	A	0.04%
AIZ	B	0.04%
HII	F	0.04%
AXS	A	0.04%
HIW	C	0.04%
ES	D	0.04%
KRC	C	0.04%
DB	A	0.04%
FLS	A	0.03%
FNF	C	0.03%
AAP	F	0.02%
BDN	B	0.02%
MUFG	D	0.02%
CP	C	0.01%
EQIX	C	0.0%
OHI	C	0.0%

SKOR Underweight 229 Positions Relative to GSLC

Symbol	Grade	Weight
NVDA	B	-5.46%
META	A	-2.64%
GOOG	B	-1.72%
LLY	D	-1.41%
BRK.A	B	-1.1%
XOM	A	-0.75%
TSLA	C	-0.69%
ACN	B	-0.51%
BLDR	C	-0.5%
MRK	F	-0.49%
FICO	C	-0.44%
AMAT	C	-0.43%
KR	C	-0.42%
GWW	B	-0.42%
CRM	B	-0.42%
BKNG	B	-0.42%
TJX	D	-0.41%
VTRS	D	-0.34%
FAST	C	-0.34%
AMD	C	-0.33%
NFLX	A	-0.33%
LRCX	D	-0.33%
IDXX	D	-0.32%
CDNS	D	-0.32%
NOW	B	-0.31%
HPE	B	-0.3%
MANH	A	-0.3%
MTD	C	-0.29%
REGN	D	-0.29%
GE	B	-0.28%
YUM	C	-0.27%
FTNT	A	-0.25%
ULTA	D	-0.25%
VRTX	D	-0.25%
WBD	F	-0.25%
MPC	D	-0.25%
LIN	C	-0.25%
DECK	B	-0.25%
VST	A	-0.24%
BBY	C	-0.24%
PINS	D	-0.24%
SSNC	C	-0.24%
IT	A	-0.23%
HIG	A	-0.23%
CNC	F	-0.23%
LDOS	A	-0.23%
SYY	D	-0.22%
APO	A	-0.22%
ANET	A	-0.21%
ABT	C	-0.21%
CAT	A	-0.21%
TGT	C	-0.21%
SNPS	F	-0.21%
CVX	B	-0.2%
TSCO	A	-0.2%
BSX	A	-0.2%
WMB	A	-0.2%
NKE	D	-0.2%
RTX	A	-0.19%
HUBS	D	-0.19%
ICE	A	-0.19%
PFG	A	-0.19%
FI	A	-0.19%
NTNX	C	-0.19%
ADM	F	-0.18%
CAG	D	-0.18%
SWKS	F	-0.18%
EXPE	B	-0.18%
AJG	C	-0.18%
ZM	B	-0.18%
ACGL	A	-0.18%
GDDY	B	-0.18%
LKQ	F	-0.18%
CCL	C	-0.18%
TEAM	D	-0.18%
PANW	B	-0.18%
ISRG	C	-0.17%
PSX	D	-0.17%
TXT	F	-0.17%
CTSH	B	-0.17%
PTC	B	-0.17%
L	C	-0.17%
CEG	A	-0.17%
HOLX	D	-0.16%
NRG	A	-0.16%
UBER	C	-0.16%
DPZ	D	-0.16%
NUE	D	-0.16%
OMC	C	-0.15%
ETN	B	-0.15%
WSM	C	-0.15%
PSTG	F	-0.15%
FDX	F	-0.14%
IEX	D	-0.14%
JBL	C	-0.14%
HLT	A	-0.14%
DELL	C	-0.13%
TRV	B	-0.13%
JKHY	A	-0.13%
DRI	C	-0.13%
AKAM	D	-0.13%
TDG	A	-0.13%
DAL	C	-0.13%
NTRS	B	-0.13%
RS	D	-0.13%
IRM	B	-0.12%
COP	D	-0.12%
PODD	C	-0.12%
CRWD	D	-0.12%
TER	C	-0.12%
EME	B	-0.12%
IPG	D	-0.12%
CAH	B	-0.12%
VRT	B	-0.12%
AME	C	-0.12%
CDW	D	-0.12%
FCNCA	D	-0.11%
MCHP	F	-0.11%
LYB	B	-0.11%
CMG	C	-0.11%
CINF	A	-0.11%
LPLA	D	-0.11%
F	D	-0.11%
HWM	A	-0.11%
EXPD	D	-0.11%
NDSN	C	-0.11%
EG	A	-0.11%
FDS	C	-0.11%
VLTO	A	-0.11%
GRMN	D	-0.1%
IR	A	-0.1%
TRGP	A	-0.1%
CF	A	-0.1%
ON	F	-0.1%
OC	C	-0.1%
KKR	A	-0.1%
BIIB	F	-0.1%
RJF	B	-0.1%
SNA	C	-0.1%
RCL	B	-0.1%
MRO	B	-0.09%
XYL	C	-0.09%
NVR	C	-0.09%
VICI	C	-0.09%
PCAR	D	-0.09%
IQV	F	-0.09%
ROST	D	-0.09%
GGG	C	-0.09%
EOG	B	-0.09%
MDT	C	-0.08%
WSO	C	-0.08%
ZBH	F	-0.08%
ALGN	D	-0.08%
PWR	A	-0.08%
EPAM	F	-0.08%
INVH	D	-0.08%
HSY	D	-0.08%
EL	D	-0.08%
WRB	C	-0.08%
PPL	C	-0.08%
MSTR	B	-0.08%
CPRT	B	-0.08%
STZ	D	-0.08%
WAT	B	-0.08%
PAYX	B	-0.07%
GPC	D	-0.07%
ARES	A	-0.07%
GEV	A	-0.07%
MPWR	B	-0.07%
DE	C	-0.07%
STX	C	-0.07%
GLW	C	-0.07%
KHC	F	-0.07%
TROW	D	-0.07%
STE	D	-0.07%
BAH	C	-0.07%
WDC	C	-0.07%
MNST	D	-0.06%
TTWO	D	-0.06%
J	F	-0.06%
COIN	F	-0.06%
TYL	D	-0.06%
ETR	A	-0.06%
EVRG	C	-0.06%
KVUE	C	-0.06%
AXON	A	-0.06%
BX	C	-0.06%
FE	C	-0.06%
POOL	D	-0.06%
VMC	D	-0.06%
LNG	A	-0.06%
MTB	A	-0.05%
PFE	D	-0.05%
AVTR	D	-0.05%
CBRE	C	-0.05%
ALNY	C	-0.05%
IP	C	-0.05%
TSN	D	-0.05%
SUI	D	-0.05%
OKTA	F	-0.05%
LECO	D	-0.05%
DASH	A	-0.05%
CPAY	A	-0.05%
FANG	D	-0.05%
SMCI	F	-0.05%
LVS	B	-0.04%
OXY	D	-0.04%
WDAY	D	-0.04%
IFF	D	-0.04%
OVV	D	-0.04%
EXC	C	-0.04%
GEHC	C	-0.03%
FIS	A	-0.03%
CTRA	D	-0.03%
LYV	A	-0.03%
HAL	D	-0.03%
ODFL	F	-0.03%
ZS	F	-0.03%
RF	B	-0.03%
MOH	F	-0.02%
CTVA	A	-0.02%
URI	C	-0.02%
RBLX	D	-0.02%
ANSS	D	-0.02%
RMD	C	-0.02%
JCI	C	-0.02%
DVN	F	-0.02%
DDOG	B	-0.02%
APA	F	-0.02%