SKOR vs. PFF ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to iShares US Preferred Stock ETF (PFF)

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

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

3,786,026

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	PFF
30 Days	-0.47%	-1.37%
60 Days	-1.65%	-1.53%
90 Days	-0.49%	2.37%
12 Months	7.15%	15.55%

45 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in PFF	Overlap
ALL	A	0.15%	0.16%	0.15%
AMH	C	0.08%	0.07%	0.07%
ATHS	D	0.11%	0.19%	0.11%
AXS	A	0.04%	0.31%	0.04%
BAC	A	0.0%	0.06%	0.0%
BAC	A	0.0%	0.28%	0.0%
C	A	0.08%	1.68%	0.08%
CFG	B	0.07%	0.24%	0.07%
CMS	C	0.08%	0.11%	0.08%
COF	C	0.02%	0.06%	0.02%
DLR	B	0.1%	0.11%	0.1%
DTE	C	0.09%	0.11%	0.09%
DUK	C	0.08%	0.62%	0.08%
EIX	B	0.04%	0.12%	0.04%
FHN	A	0.09%	0.07%	0.07%
FITB	B	0.09%	0.12%	0.09%
GL	C	0.06%	0.14%	0.06%
GS	A	0.1%	0.12%	0.1%
HBAN	A	0.08%	0.1%	0.08%
HPP	F	0.04%	0.14%	0.04%
JPM	A	0.01%	0.41%	0.01%
KEY	B	0.08%	0.25%	0.08%
KIM	A	0.04%	0.12%	0.04%
KMI	A	0.28%	0.13%	0.13%
KMPR	A	0.07%	0.09%	0.07%
MET	A	0.09%	0.37%	0.09%
MS	A	0.04%	0.25%	0.04%
NEE	C	0.04%	1.08%	0.04%
NEE	C	0.04%	0.42%	0.04%
PCG	A	0.07%	0.07%	0.07%
PRU	A	0.0%	0.19%	0.0%
PSA	C	0.08%	0.07%	0.07%
REG	A	0.06%	0.07%	0.06%
RNR	C	0.04%	0.15%	0.04%
SCHW	B	0.04%	0.31%	0.04%
SITC	D	0.05%	0.11%	0.05%
SO	C	0.1%	0.37%	0.1%
STT	B	0.07%	0.31%	0.07%
SYF	B	0.08%	0.33%	0.08%
T	A	0.12%	0.64%	0.12%
T	A	0.12%	0.88%	0.12%
TFC	A	0.06%	0.1%	0.06%
USB	A	0.07%	0.21%	0.07%
VOYA	B	0.04%	0.19%	0.04%
WFC	A	0.07%	0.31%	0.07%

SKOR Overweight 263 Positions Relative to PFF

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%
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%
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%
CVS	D	0.16%
ARW	D	0.15%
ADI	D	0.15%
RPRX	D	0.14%
XEL	A	0.14%
CMCSA	B	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%
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%
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%
MO	A	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%
DHR	F	0.09%
CARR	C	0.09%
DIS	B	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%
BNS	A	0.09%
AON	A	0.09%
AAPL	C	0.09%
KMB	C	0.08%
BR	A	0.08%
AFG	A	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%
BDX	F	0.08%
EBAY	D	0.08%
CSL	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%
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%
MMM	D	0.08%
MU	D	0.08%
GLPI	C	0.08%
D	C	0.08%
ABBV	F	0.08%
ADP	A	0.07%
EMR	B	0.07%
AVT	C	0.07%
PLD	F	0.07%
NTAP	C	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%
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%
ROK	C	0.06%
SKT	A	0.06%
CPB	D	0.06%
WAB	B	0.06%
SCS	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%
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%
STLD	B	0.04%
KRG	B	0.04%
FTV	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%
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%
MAR	A	0.04%
CSCO	B	0.04%
KRC	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%
FLS	B	0.03%
SYK	B	0.03%
GOOGL	C	0.03%
FNF	B	0.03%
HCA	F	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%
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%

SKOR Underweight 182 Positions Relative to PFF

Symbol	Grade	Weight
ALB	B	-1.35%
HPE	B	-1.13%
ARES	A	-1.0%
TBB	C	-0.79%
SOJD	D	-0.55%
TBC	C	-0.51%
SREA	D	-0.46%
RZC	C	-0.46%
APO	B	-0.4%
CMSD	C	-0.38%
JXN	C	-0.37%
F	C	-0.37%
CHSCO	B	-0.36%
LNC	C	-0.35%
PRS	C	-0.35%
WCC	B	-0.35%
BTSG	C	-0.35%
CHSCL	B	-0.33%
BANC	B	-0.32%
GTLS	A	-0.32%
QRTEP	F	-0.32%
CTDD	B	-0.31%
DUKB	D	-0.31%
CHSCM	D	-0.31%
UZE	B	-0.29%
USM	B	-0.29%
FITBI	B	-0.29%
BPYPM	D	-0.28%
NLY	C	-0.27%
CHSCN	D	-0.27%
SOJC	D	-0.27%
TPG	A	-0.26%
PFH	D	-0.25%
RZB	C	-0.25%
CG	B	-0.24%
KKR	A	-0.24%
TDS	B	-0.23%
PBI	B	-0.23%
DTW	D	-0.23%
FG	A	-0.23%
HIG	B	-0.22%
NTRS	A	-0.22%
CHSCP	F	-0.22%
EAI	D	-0.22%
AGNCN	A	-0.21%
FCNCA	A	-0.2%
RLJ	C	-0.2%
ESGRP	D	-0.2%
UNMA	C	-0.19%
ACGLO	D	-0.19%
RF	A	-0.19%
UMH	B	-0.18%
MGR	D	-0.18%
WTFCP	A	-0.18%
NGL	D	-0.18%
KREF	C	-0.17%
CMSC	C	-0.17%
TCBI	C	-0.16%
MTB	A	-0.16%
WAL	B	-0.16%
TVC	C	-0.15%
ELC	D	-0.15%
BHF	C	-0.15%
NRUC	D	-0.15%
NAVI	F	-0.15%
SR	A	-0.15%
GPJA	D	-0.15%
OZKAP	D	-0.15%
WAFD	B	-0.14%
FBRT	D	-0.14%
AIZN	D	-0.14%
EQH	C	-0.14%
EMP	D	-0.14%
PNFP	B	-0.14%
AGNC	C	-0.14%
DBRG	F	-0.13%
SNV	C	-0.13%
DDT	B	-0.13%
NSA	C	-0.13%
WRB	A	-0.12%
TVE	C	-0.12%
SLMBP	C	-0.12%
VNO	C	-0.12%
SLG	B	-0.12%
CMSA	C	-0.12%
FCNCO	C	-0.12%
SFB	D	-0.12%
LBRDP	C	-0.11%
AUB	B	-0.11%
HWC	B	-0.11%
AFGC	D	-0.11%
NYMTM	A	-0.11%
SIGI	C	-0.1%
WSBC	B	-0.1%
TRTX	C	-0.1%
SPLP	D	-0.1%
FULT	A	-0.1%
AFGE	D	-0.1%
RITM	C	-0.1%
VLY	B	-0.1%
DHC	F	-0.1%
SF	B	-0.1%
CIM	D	-0.09%
AMG	B	-0.09%
GPMT	C	-0.09%
CADE	B	-0.09%
ZIONO	D	-0.09%
ARR	D	-0.09%
AGNCL	B	-0.09%
AFGD	C	-0.09%
CION	C	-0.09%
AHH	D	-0.09%
BNRE.A	A	-0.09%
BOH	B	-0.08%
CFR	B	-0.08%
QVCD	D	-0.08%
ATLC	A	-0.08%
TWO	F	-0.08%
GAIN	B	-0.08%
CTVA	C	-0.08%
AFGB	C	-0.08%
LANDO	C	-0.08%
BC	C	-0.08%
NYMTL	A	-0.08%
ARGD	C	-0.08%
CNO	B	-0.08%
FRT	B	-0.08%
WTFCM	A	-0.08%
MBIN	F	-0.08%
WBS	A	-0.08%
NYMTN	D	-0.08%
ADC	A	-0.08%
RILY	F	-0.07%
ACR	A	-0.07%
ENO	D	-0.07%
BPOPM	C	-0.07%
CLDT	B	-0.07%
IVR	F	-0.07%
FCRX	A	-0.07%
ABR	C	-0.07%
CTO	B	-0.07%
MHNC	C	-0.07%
FTAI	A	-0.07%
ONB	C	-0.07%
PMT	C	-0.07%
VLYPP	A	-0.07%
NEWT	C	-0.07%
MFA	D	-0.07%
HTLF	B	-0.07%
NMFC	D	-0.07%
MSBI	B	-0.07%
DRH	B	-0.07%
EQC	B	-0.07%
TRIN	A	-0.07%
SNCR	F	-0.07%
DX	B	-0.07%
RILYN	C	-0.06%
BFS	C	-0.06%
PEB	D	-0.06%
LXP	D	-0.06%
CNOB	B	-0.06%
PSEC	D	-0.06%
CODI	B	-0.06%
VLYPO	B	-0.06%
EFC	C	-0.06%
EPR	C	-0.06%
GNL	F	-0.06%
BW	D	-0.06%
SAR	A	-0.06%
DCOMP	D	-0.06%
FATBP	F	-0.05%
MHLA	B	-0.05%
CIO	C	-0.05%
INN	D	-0.05%
SHO	D	-0.05%
FOSL	C	-0.05%
ASB	B	-0.05%
RC	D	-0.05%
SLNHP	B	-0.04%
OPI	F	-0.04%
BHR	C	-0.03%
XELAP	F	-0.0%