SKOR vs. INRO ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to BlackRock U.S. Industry Rotation ETF (INRO)

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

$48.00

Average Daily Volume

46,485

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

INRO

BlackRock U.S. Industry Rotation ETF

INRO Description

INRO is targeted US equity exposure, actively managed by shifting the selection and weighting of the portfolio towards industries among the broad domestic market. Portfolio allocation is based on five potential sources of return: information regarding the current economic cycle, valuation, quality metrics, analyst expectation data and recent individual industry trends. The strategy aims to capture the potential alpha from the dispersion between industry allocations and the broad market. During temporary defensive periods, the fund may depart from this principal investment strategy to invest 100% of the portfolio in liquid, short-term securities. The fund may engage in active and frequent trading. Derivatives may also be used to seek returns or hedge exposure. Up to one-third of the value of the funds assets may be lending.

Grade (RS Rating)

Last Trade

$28.27

Average Daily Volume

3,544

Number of Holdings ^*

423

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	INRO
30 Days	-0.47%	2.86%
60 Days	-1.65%	5.93%
90 Days	-0.49%	6.63%
12 Months	7.15%

172 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in INRO	Overlap
A	D	0.07%	0.05%	0.05%
AAPL	C	0.09%	5.57%	0.09%
ABBV	F	0.08%	0.4%	0.08%
ADBE	C	0.09%	0.32%	0.09%
ADI	D	0.15%	0.23%	0.15%
ADP	A	0.07%	0.29%	0.07%
ADSK	A	0.08%	0.1%	0.08%
AEP	C	0.02%	0.31%	0.02%
AFG	A	0.08%	0.02%	0.02%
AFL	B	0.04%	0.09%	0.04%
AIG	B	0.04%	0.08%	0.04%
AIZ	A	0.04%	0.02%	0.02%
ALL	A	0.15%	0.08%	0.08%
ALLE	C	0.07%	0.09%	0.07%
ALLY	C	0.14%	0.02%	0.02%
AMCR	C	0.12%	0.07%	0.07%
AMGN	F	0.11%	0.22%	0.11%
AMP	A	0.07%	0.17%	0.07%
AMT	C	0.13%	0.11%	0.11%
AMZN	C	0.11%	1.46%	0.11%
AON	A	0.09%	0.11%	0.09%
APD	A	0.19%	0.01%	0.01%
APH	A	0.11%	0.19%	0.11%
ARE	F	0.04%	0.04%	0.04%
ATO	A	0.17%	0.05%	0.05%
AVB	B	0.02%	0.01%	0.01%
AVGO	D	0.04%	1.64%	0.04%
AVY	F	0.02%	0.07%	0.02%
AXP	A	0.07%	1.14%	0.07%
AZO	C	0.05%	0.15%	0.05%
BA	F	0.06%	0.04%	0.04%
BAC	A	0.0%	0.79%	0.0%
BK	A	0.05%	0.11%	0.05%
BMY	B	0.1%	0.12%	0.1%
BR	A	0.08%	0.07%	0.07%
BRO	B	0.08%	0.04%	0.04%
BXP	C	0.09%	1.38%	0.09%
C	A	0.08%	0.34%	0.08%
CARR	C	0.09%	0.42%	0.09%
CB	C	0.1%	0.16%	0.1%
CBOE	C	0.08%	0.04%	0.04%
CCI	C	0.18%	0.05%	0.05%
CFG	B	0.07%	0.05%	0.05%
CME	B	0.12%	0.26%	0.12%
CMI	A	0.04%	0.09%	0.04%
COF	C	0.02%	0.49%	0.02%
COST	A	0.1%	0.46%	0.1%
CPT	B	0.07%	0.0%	0.0%
CSL	C	0.08%	0.15%	0.08%
CSX	C	0.04%	0.26%	0.04%
CTAS	B	0.02%	0.34%	0.02%
DFS	B	0.11%	0.31%	0.11%
DG	F	0.16%	0.01%	0.01%
DHI	F	0.07%	0.33%	0.07%
DHR	F	0.09%	0.2%	0.09%
DINO	D	0.08%	0.01%	0.01%
DLR	B	0.1%	0.07%	0.07%
DLTR	F	0.05%	0.01%	0.01%
DOV	A	0.07%	0.06%	0.06%
DT	D	0.05%	0.03%	0.03%
DUK	C	0.08%	0.53%	0.08%
EBAY	D	0.08%	0.02%	0.02%
EFX	F	0.05%	0.08%	0.05%
EIX	B	0.04%	0.2%	0.04%
EMR	B	0.07%	0.24%	0.07%
EQIX	A	0.0%	0.1%	0.0%
EQR	C	0.02%	0.01%	0.01%
ES	C	0.04%	0.13%	0.04%
ESS	B	0.07%	0.01%	0.01%
FITB	B	0.09%	0.08%	0.08%
FNF	B	0.03%	0.0%	0.0%
FTV	C	0.04%	0.05%	0.04%
GD	D	0.14%	0.03%	0.03%
GILD	C	0.13%	0.16%	0.13%
GLPI	C	0.08%	0.02%	0.02%
GM	C	0.2%	0.09%	0.09%
GOOGL	C	0.03%	3.12%	0.03%
GS	A	0.1%	0.62%	0.1%
HBAN	A	0.08%	0.07%	0.07%
HD	B	0.0%	1.16%	0.0%
HII	F	0.04%	0.0%	0.0%
HON	C	0.04%	1.56%	0.04%
HPQ	B	0.07%	0.06%	0.06%
HUBB	B	0.07%	0.08%	0.07%
IBM	C	0.09%	0.06%	0.06%
INTC	C	0.12%	0.22%	0.12%
INTU	B	0.1%	0.28%	0.1%
ITW	B	0.07%	0.15%	0.07%
JBHT	C	0.12%	0.06%	0.06%
JNJ	C	0.18%	0.36%	0.18%
JPM	A	0.01%	1.68%	0.01%
KEY	B	0.08%	0.05%	0.05%
KEYS	A	0.08%	0.06%	0.06%
KLAC	F	0.08%	0.18%	0.08%
KMI	A	0.28%	0.1%	0.1%
LEN	D	0.32%	0.28%	0.28%
LHX	C	0.1%	0.02%	0.02%
LII	A	0.16%	0.14%	0.14%
LMT	D	0.23%	0.05%	0.05%
LNT	A	0.1%	0.1%	0.1%
LOW	C	0.04%	0.45%	0.04%
MA	B	0.04%	0.04%	0.04%
MAA	B	0.02%	0.01%	0.01%
MAS	D	0.19%	0.12%	0.12%
MCO	B	0.07%	0.26%	0.07%
MET	A	0.09%	0.08%	0.08%
MKL	A	0.11%	0.04%	0.04%
MLM	C	0.09%	0.59%	0.09%
MMC	B	0.01%	0.16%	0.01%
MMM	D	0.08%	0.78%	0.08%
MO	A	0.1%	0.39%	0.1%
MS	A	0.04%	0.52%	0.04%
MSFT	D	0.04%	4.18%	0.04%
MU	D	0.08%	0.25%	0.08%
NDAQ	A	0.08%	0.12%	0.08%
NEE	C	0.04%	0.94%	0.04%
NOC	D	0.19%	0.03%	0.03%
NSC	B	0.07%	0.23%	0.07%
NTAP	C	0.07%	0.04%	0.04%
NXPI	D	0.21%	0.12%	0.12%
OKE	A	0.14%	0.11%	0.11%
ORCL	A	0.11%	0.44%	0.11%
ORLY	B	0.08%	0.21%	0.08%
OTIS	C	0.07%	0.08%	0.07%
PCG	A	0.07%	0.26%	0.07%
PGR	A	0.04%	0.23%	0.04%
PH	A	0.02%	0.17%	0.02%
PHM	D	0.2%	0.19%	0.19%
PKG	A	0.07%	0.1%	0.07%
PM	B	0.17%	0.83%	0.17%
PNC	B	0.03%	0.2%	0.03%
PRU	A	0.0%	0.07%	0.0%
PSA	C	0.08%	0.07%	0.07%
PYPL	B	0.02%	0.01%	0.01%
QCOM	F	0.08%	0.39%	0.08%
ROK	C	0.06%	0.1%	0.06%
ROP	B	0.08%	0.09%	0.08%
RPRX	D	0.14%	0.01%	0.01%
RSG	A	0.04%	0.2%	0.04%
SCHW	B	0.04%	0.37%	0.04%
SHW	B	0.04%	0.01%	0.01%
SO	C	0.1%	0.59%	0.1%
SPGI	C	0.08%	0.52%	0.08%
STLD	B	0.04%	0.01%	0.01%
STT	B	0.07%	0.05%	0.05%
SWK	D	0.11%	0.03%	0.03%
SYF	B	0.08%	0.18%	0.08%
TDY	B	0.14%	0.05%	0.05%
TFC	A	0.06%	0.15%	0.06%
TMO	F	0.19%	0.26%	0.19%
TMUS	B	0.14%	4.59%	0.14%
TRMB	B	0.1%	0.04%	0.04%
TT	A	0.08%	0.65%	0.08%
TXN	C	0.07%	0.41%	0.07%
UNH	B	0.02%	0.01%	0.01%
UNP	C	0.11%	0.55%	0.11%
UPS	C	0.08%	0.03%	0.03%
USB	A	0.07%	0.2%	0.07%
V	A	0.1%	0.04%	0.04%
VLO	C	0.08%	0.08%	0.08%
VRSK	A	0.1%	0.09%	0.09%
VRSN	C	0.19%	0.01%	0.01%
VTR	B	0.02%	0.06%	0.02%
WAB	B	0.06%	0.07%	0.06%
WELL	A	0.08%	0.18%	0.08%
WFC	A	0.07%	0.62%	0.07%
WM	B	0.13%	0.37%	0.13%
WMT	A	0.02%	0.41%	0.02%
WTW	B	0.06%	0.05%	0.05%
WY	F	0.1%	0.03%	0.03%
XEL	A	0.14%	0.23%	0.14%
ZTS	D	0.05%	0.08%	0.05%

SKOR Overweight 133 Positions Relative to INRO

Symbol	Grade	Weight
FOXA	A	0.25%
AEE	A	0.25%
PEP	F	0.24%
SPG	A	0.22%
CHTR	C	0.2%
NI	A	0.19%
TPR	B	0.19%
PAA	B	0.19%
CHD	A	0.18%
ELV	F	0.18%
TD	D	0.17%
DOW	F	0.17%
GPN	B	0.17%
WEC	A	0.17%
CVS	D	0.16%
ARW	D	0.15%
CMCSA	B	0.14%
CI	D	0.14%
WU	F	0.13%
BWA	D	0.13%
BRX	A	0.12%
O	C	0.12%
T	A	0.12%
HUM	C	0.12%
CM	A	0.11%
BHP	F	0.11%
ED	C	0.11%
K	A	0.11%
NVT	B	0.11%
ATHS	D	0.11%
ARCC	A	0.11%
BMO	A	0.11%
LH	B	0.11%
BIDU	F	0.1%
CNP	A	0.1%
BKU	A	0.1%
VNT	C	0.09%
THG	A	0.09%
SBUX	A	0.09%
FHN	A	0.09%
DIS	B	0.09%
DTE	C	0.09%
CMA	B	0.09%
AGR	A	0.09%
CL	D	0.09%
HST	C	0.09%
MCK	A	0.09%
FLO	D	0.09%
LAZ	B	0.09%
BNS	A	0.09%
KMB	C	0.08%
AWH	F	0.08%
BG	D	0.08%
FAF	A	0.08%
LEA	F	0.08%
BDX	F	0.08%
CMS	C	0.08%
HP	C	0.08%
ORI	A	0.08%
H	B	0.08%
KO	D	0.08%
DSS	F	0.08%
AMH	C	0.08%
EW	C	0.08%
KDP	F	0.08%
WHR	B	0.08%
GIS	D	0.08%
NFG	A	0.08%
JEF	A	0.08%
BLK	B	0.08%
D	C	0.08%
AVT	C	0.07%
KMPR	A	0.07%
PLD	F	0.07%
PPG	F	0.07%
DGX	A	0.07%
SBRA	C	0.07%
WB	D	0.07%
BAX	F	0.07%
CE	F	0.07%
BKH	A	0.07%
GSBD	F	0.07%
FMC	D	0.07%
TEL	B	0.07%
MKC	C	0.07%
AWK	C	0.07%
CUBE	C	0.07%
SRE	A	0.07%
MDLZ	F	0.07%
PEG	A	0.07%
EPD	A	0.07%
BABA	D	0.07%
HSBC	A	0.07%
SKT	A	0.06%
REG	A	0.06%
CPB	D	0.06%
SCS	C	0.06%
GL	C	0.06%
ECL	D	0.06%
WPC	C	0.06%
AL	B	0.06%
PG	C	0.06%
NNN	C	0.06%
SITC	D	0.05%
RY	A	0.05%
AER	A	0.05%
PDM	D	0.04%
KIM	A	0.04%
HPP	F	0.04%
VOYA	B	0.04%
KRG	B	0.04%
RNR	C	0.04%
SJM	D	0.04%
RPM	A	0.04%
EA	A	0.04%
AXS	A	0.04%
HIW	C	0.04%
MCD	D	0.04%
MSI	B	0.04%
MAR	A	0.04%
CSCO	B	0.04%
KRC	B	0.04%
DB	D	0.04%
FLS	B	0.03%
SYK	B	0.03%
HCA	F	0.03%
VZ	C	0.03%
AAP	D	0.02%
BDN	C	0.02%
CLX	A	0.02%
MUFG	B	0.02%
CP	F	0.01%
OHI	C	0.0%

SKOR Underweight 251 Positions Relative to INRO

Symbol	Grade	Weight
NVDA	B	-7.42%
META	D	-3.77%
GOOG	C	-2.71%
TSLA	B	-1.32%
XOM	B	-0.95%
CBRE	B	-0.88%
CSGP	D	-0.65%
LLY	F	-0.64%
VMC	B	-0.61%
URI	C	-0.5%
UBER	F	-0.5%
AMD	F	-0.49%
ETN	A	-0.48%
CVX	A	-0.48%
CRM	B	-0.47%
GWW	B	-0.46%
CEG	C	-0.45%
BX	A	-0.42%
FAST	B	-0.41%
JCI	B	-0.4%
TJX	A	-0.38%
PWR	A	-0.37%
CAT	B	-0.36%
AMAT	F	-0.32%
KKR	A	-0.31%
GEV	B	-0.31%
NOW	A	-0.3%
ICE	C	-0.29%
Z	A	-0.25%
EXC	C	-0.24%
MRK	D	-0.24%
COP	C	-0.23%
NVR	D	-0.22%
GRMN	B	-0.22%
CPRT	B	-0.21%
LRCX	F	-0.21%
COIN	C	-0.2%
DE	B	-0.2%
ETR	B	-0.2%
WCN	A	-0.2%
EME	A	-0.19%
PANW	B	-0.18%
MRVL	B	-0.17%
VRTX	D	-0.17%
ODFL	C	-0.17%
VST	A	-0.17%
PLTR	B	-0.17%
WSO	A	-0.16%
FE	C	-0.15%
MSCI	C	-0.15%
BLDR	D	-0.15%
EOG	A	-0.14%
ROST	D	-0.14%
PFE	F	-0.14%
AME	A	-0.14%
VRT	B	-0.14%
REGN	F	-0.12%
CDNS	B	-0.12%
NRG	B	-0.12%
SNPS	B	-0.12%
WMB	A	-0.12%
SW	A	-0.12%
ARES	A	-0.11%
VLTO	C	-0.11%
NEM	D	-0.11%
RJF	A	-0.11%
PAYX	B	-0.11%
CRWD	B	-0.11%
FCX	F	-0.11%
ACM	B	-0.11%
OC	A	-0.11%
PCAR	B	-0.11%
PSX	C	-0.1%
MPC	D	-0.1%
EVRG	A	-0.1%
LNG	A	-0.09%
IP	A	-0.09%
GLW	B	-0.09%
TSCO	D	-0.09%
MTB	A	-0.09%
FTNT	C	-0.09%
TRV	B	-0.09%
AJG	A	-0.09%
SLB	C	-0.09%
MCHP	F	-0.08%
TGT	F	-0.08%
IR	B	-0.08%
MSTR	B	-0.08%
NTRS	A	-0.08%
GE	D	-0.08%
FICO	B	-0.08%
APP	B	-0.08%
BALL	F	-0.08%
WDAY	B	-0.08%
RTX	D	-0.07%
FBIN	D	-0.07%
RF	A	-0.07%
BKR	A	-0.07%
DELL	B	-0.07%
FDS	B	-0.07%
MELI	C	-0.07%
HES	B	-0.07%
TRGP	A	-0.07%
LPLA	A	-0.07%
ACN	B	-0.07%
BAH	F	-0.06%
ACGL	C	-0.06%
CDW	F	-0.06%
XYL	D	-0.06%
BRK.A	B	-0.06%
TEAM	A	-0.06%
FANG	C	-0.06%
OXY	D	-0.06%
ON	D	-0.06%
LDOS	C	-0.06%
F	C	-0.06%
AOS	F	-0.06%
ROL	B	-0.06%
MPWR	F	-0.06%
ALNY	D	-0.05%
KR	B	-0.05%
PPL	A	-0.05%
BURL	B	-0.05%
HUBS	A	-0.05%
WSM	C	-0.05%
ANSS	B	-0.05%
TRU	D	-0.05%
TPL	A	-0.05%
HPE	B	-0.05%
TROW	B	-0.05%
HOOD	B	-0.05%
IQV	F	-0.05%
DDOG	A	-0.05%
CCK	D	-0.05%
FCNCA	A	-0.05%
VICI	C	-0.05%
HIG	B	-0.05%
PINS	F	-0.05%
BBY	D	-0.05%
ULTA	F	-0.05%
TW	A	-0.05%
KMX	B	-0.04%
STX	C	-0.04%
PNR	A	-0.04%
ZM	C	-0.04%
KNX	C	-0.04%
SNA	A	-0.04%
SNAP	D	-0.04%
PTC	B	-0.04%
MTD	F	-0.04%
WDC	D	-0.04%
FSLR	F	-0.04%
CINF	A	-0.04%
HAL	C	-0.04%
TYL	B	-0.04%
PFG	D	-0.04%
EQT	B	-0.04%
DVN	F	-0.04%
IRM	C	-0.04%
EXR	C	-0.04%
CG	B	-0.04%
J	D	-0.04%
SYY	D	-0.04%
ZBRA	B	-0.04%
MRO	B	-0.03%
BEN	C	-0.03%
GEN	B	-0.03%
ZS	B	-0.03%
EG	C	-0.03%
MANH	D	-0.03%
CTRA	B	-0.03%
PSTG	D	-0.03%
PAYC	B	-0.03%
SBAC	D	-0.03%
WRB	A	-0.03%
L	A	-0.03%
SWKS	F	-0.03%
WAT	C	-0.03%
NDSN	B	-0.03%
DAY	B	-0.03%
DOC	C	-0.03%
WST	C	-0.03%
GGG	B	-0.03%
ILMN	C	-0.03%
DAL	B	-0.03%
TDG	D	-0.03%
BIIB	F	-0.03%
ENTG	D	-0.03%
AES	F	-0.03%
IEX	C	-0.03%
DKS	D	-0.03%
MKTX	D	-0.03%
SSNC	B	-0.03%
JBL	C	-0.03%
TER	F	-0.03%
BSY	F	-0.02%
CRL	D	-0.02%
TECH	F	-0.02%
CTSH	B	-0.02%
LIN	C	-0.02%
IT	C	-0.02%
BMRN	F	-0.02%
NBIX	C	-0.02%
SEIC	B	-0.02%
INCY	C	-0.02%
TTC	C	-0.02%
ERIE	D	-0.02%
MRNA	F	-0.02%
AXON	A	-0.02%
HWM	A	-0.02%
ENPH	F	-0.02%
IOT	A	-0.02%
CNH	C	-0.02%
BBWI	C	-0.02%
AVTR	F	-0.02%
RVTY	F	-0.02%
UHAL	D	-0.02%
SMCI	F	-0.02%
OVV	B	-0.02%
UTHR	C	-0.02%
MTCH	D	-0.02%
FDX	B	-0.02%
DOCU	B	-0.02%
WBA	F	-0.01%
RS	B	-0.01%
FIS	C	-0.01%
SUI	C	-0.01%
ACI	C	-0.01%
MDB	B	-0.01%
TXT	D	-0.01%
HEI	A	-0.01%
INVH	D	-0.01%
VTRS	A	-0.01%
EPAM	B	-0.01%
TWLO	A	-0.01%
NET	B	-0.01%
APO	B	-0.01%
CTLT	C	-0.01%
APA	D	-0.01%
BIO	C	-0.01%
LUV	C	-0.01%
RIVN	F	-0.01%
EXAS	D	-0.01%
NUE	C	-0.01%
SNOW	B	-0.01%
FI	A	-0.01%
GDDY	A	-0.01%
QRVO	F	-0.01%
CHRD	D	-0.01%
HEI	A	-0.0%
EXPD	C	-0.0%