SKOR vs. QARP ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Xtrackers Russell 1000 US QARP ETF (QARP)

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

QARP

Xtrackers Russell 1000 US QARP ETF

QARP Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the Russell 1000 2Qual/Val 5% Capped Factor Index (the "underlying index"). The fund will invest at least 80% of its total assets (but typically far more) in component securities of the underlying index. The underlying index is designed to track the equity market performance of companies in the United States selected on the investment style criteria ("factors") of quality and value. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.28

Average Daily Volume

12,931

Number of Holdings ^*

344

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	QARP
30 Days	0.12%	3.25%
60 Days	1.49%	9.83%
90 Days	2.93%	5.84%
12 Months	10.67%	29.11%

111 Overlapping Holdings

	Symbol	Grade	Weight in SKOR	Weight in QARP	Overlap
	A	B	0.07%	0.1%	0.07%
	AAPL	C	0.09%	5.0%	0.09%
	ABBV	C	0.08%	0.02%	0.02%
	ADBE	F	0.09%	0.91%	0.09%
	ADI	B	0.15%	0.09%	0.09%
	ADP	A	0.07%	0.2%	0.07%
	ADSK	B	0.08%	0.06%	0.06%
	AMCR	C	0.12%	0.04%	0.04%
	AMGN	D	0.11%	0.03%	0.03%
	AMZN	C	0.11%	3.71%	0.11%
	AON	A	0.09%	0.32%	0.09%
	ATO	A	0.17%	0.07%	0.07%
	AZO	D	0.05%	0.36%	0.05%
	BMY	A	0.1%	0.55%	0.1%
	BWA	C	0.13%	0.07%	0.07%
	CBOE	B	0.08%	0.08%	0.08%
	CE	D	0.07%	0.04%	0.04%
	CHTR	D	0.2%	0.11%	0.11%
	CI	D	0.14%	0.6%	0.14%
	CL	D	0.09%	0.24%	0.09%
	CLX	C	0.02%	0.06%	0.02%
	CMCSA	B	0.14%	0.83%	0.14%
	CMI	A	0.04%	0.24%	0.04%
	CNP	B	0.1%	0.04%	0.04%
	COF	A	0.02%	0.14%	0.02%
	COST	C	0.1%	2.33%	0.1%
	CPB	D	0.06%	0.02%	0.02%
	CSCO	A	0.04%	1.85%	0.04%
	CSL	A	0.08%	0.05%	0.05%
	CSX	D	0.04%	0.06%	0.04%
	CTAS	C	0.02%	0.08%	0.02%
	CVS	D	0.16%	0.2%	0.16%
	DGX	D	0.07%	0.03%	0.03%
	DHI	C	0.07%	0.36%	0.07%
	DINO	F	0.08%	0.02%	0.02%
	DLTR	F	0.05%	0.08%	0.05%
	DOW	B	0.17%	0.08%	0.08%
	EA	D	0.04%	0.19%	0.04%
	EBAY	A	0.08%	0.09%	0.08%
	ELV	F	0.18%	0.62%	0.18%
	EW	F	0.08%	0.06%	0.06%
	FOXA	B	0.25%	0.03%	0.03%
	GILD	A	0.13%	0.31%	0.13%
	GIS	C	0.08%	0.1%	0.08%
	GLPI	C	0.08%	0.03%	0.03%
	GM	D	0.2%	0.21%	0.2%
	GOOGL	B	0.03%	2.25%	0.03%
	HCA	C	0.03%	0.32%	0.03%
	HD	A	0.0%	2.01%	0.0%
	HII	F	0.04%	0.03%	0.03%
	HPQ	B	0.07%	0.08%	0.07%
	HST	D	0.09%	0.03%	0.03%
	HUM	F	0.12%	0.35%	0.12%
	INTC	D	0.12%	0.08%	0.08%
	ITW	C	0.07%	0.31%	0.07%
	JBHT	D	0.12%	0.05%	0.05%
	JNJ	D	0.18%	2.53%	0.18%
	K	B	0.11%	0.06%	0.06%
	KEYS	B	0.08%	0.12%	0.08%
	KLAC	B	0.08%	0.22%	0.08%
	KMB	D	0.08%	0.17%	0.08%
	LEA	F	0.08%	0.05%	0.05%
	LEN	C	0.32%	0.44%	0.32%
	LMT	A	0.23%	0.79%	0.23%
	LOW	C	0.04%	0.79%	0.04%
	MA	A	0.04%	1.53%	0.04%
	MAR	A	0.04%	0.11%	0.04%
	MAS	C	0.19%	0.08%	0.08%
	MCD	A	0.04%	0.41%	0.04%
	MCK	F	0.09%	0.93%	0.09%
	MCO	D	0.07%	0.33%	0.07%
	MMC	D	0.01%	0.57%	0.01%
	MMM	C	0.08%	0.13%	0.08%
	MO	D	0.1%	0.6%	0.1%
	MSFT	D	0.04%	2.13%	0.04%
	MU	D	0.08%	0.4%	0.08%
	NTAP	D	0.07%	0.07%	0.07%
	ORCL	A	0.11%	0.04%	0.04%
	ORLY	A	0.08%	0.37%	0.08%
	OTIS	A	0.07%	0.05%	0.05%
	PG	D	0.06%	1.43%	0.06%
	PGR	B	0.04%	0.06%	0.04%
	PHM	C	0.2%	0.23%	0.2%
	PKG	B	0.07%	0.05%	0.05%
	PM	D	0.17%	0.53%	0.17%
	PSA	C	0.08%	0.34%	0.08%
	PYPL	A	0.02%	0.32%	0.02%
	QCOM	D	0.08%	0.28%	0.08%
	RNR	A	0.04%	0.06%	0.04%
	ROK	D	0.06%	0.09%	0.06%
	RPRX	D	0.14%	0.03%	0.03%
	SBUX	B	0.09%	0.52%	0.09%
	SJM	D	0.04%	0.03%	0.03%
	SPG	A	0.22%	0.19%	0.19%
	SPGI	C	0.08%	0.07%	0.07%
	STLD	C	0.04%	0.22%	0.04%
	SYF	A	0.08%	0.11%	0.08%
	T	B	0.12%	0.69%	0.12%
	TPR	B	0.19%	0.1%	0.1%
	TT	A	0.08%	0.07%	0.07%
	TXN	C	0.07%	0.39%	0.07%
	UNH	B	0.02%	2.31%	0.02%
	UNP	F	0.11%	0.13%	0.11%
	UPS	D	0.08%	0.42%	0.08%
	V	B	0.1%	1.67%	0.1%
	VLO	F	0.08%	0.18%	0.08%
	VRSN	C	0.19%	0.06%	0.06%
	VZ	C	0.03%	0.73%	0.03%
	WMT	A	0.02%	2.81%	0.02%
	WTW	C	0.06%	0.03%	0.03%
	WY	C	0.1%	0.09%	0.09%

SKOR Overweight 194 Positions Relative to QARP

	Symbol	Grade	Weight
	KMI	A	0.28%
	AEE	A	0.25%
	PEP	F	0.24%
	NXPI	F	0.21%
	NI	A	0.19%
	PAA	B	0.19%
	APD	C	0.19%
	TMO	D	0.19%
	NOC	B	0.19%
	CHD	D	0.18%
	CCI	D	0.18%
	TD	B	0.17%
	GPN	F	0.17%
	WEC	B	0.17%
	DG	F	0.16%
	LII	C	0.16%
	ARW	C	0.15%
	ALL	A	0.15%
	XEL	C	0.14%
	TDY	A	0.14%
	ALLY	F	0.14%
	OKE	A	0.14%
	GD	C	0.14%
	TMUS	A	0.14%
	WU	D	0.13%
	WM	B	0.13%
	AMT	D	0.13%
	BRX	C	0.12%
	O	C	0.12%
	CME	A	0.12%
	APH	D	0.11%
	CM	C	0.11%
	SWK	C	0.11%
	BHP	B	0.11%
	ED	C	0.11%
	MKL	B	0.11%
	NVT	C	0.11%
	ATHS	A	0.11%
	ARCC	A	0.11%
	BMO	B	0.11%
	DFS	A	0.11%
	LH	D	0.11%
	VRSK	D	0.1%
	DLR	C	0.1%
	BIDU	C	0.1%
	LNT	B	0.1%
	BKU	D	0.1%
	TRMB	B	0.1%
	CB	A	0.1%
	INTU	F	0.1%
	SO	A	0.1%
	GS	B	0.1%
	LHX	A	0.1%
	VNT	F	0.09%
	IBM	A	0.09%
	THG	A	0.09%
	MET	A	0.09%
	DHR	D	0.09%
	CARR	A	0.09%
	FHN	D	0.09%
	DIS	D	0.09%
	DTE	B	0.09%
	BXP	B	0.09%
	CMA	C	0.09%
	AGR	C	0.09%
	FLO	D	0.09%
	LAZ	C	0.09%
	MLM	F	0.09%
	BNS	C	0.09%
	FITB	C	0.09%
	BR	B	0.08%
	AFG	A	0.08%
	AWH	F	0.08%
	BG	F	0.08%
	FAF	C	0.08%
	HBAN	B	0.08%
	BDX	C	0.08%
	CMS	A	0.08%
	HP	D	0.08%
	ORI	A	0.08%
	H	B	0.08%
	KO	C	0.08%
	DSS	F	0.08%
	AMH	D	0.08%
	KDP	C	0.08%
	NDAQ	C	0.08%
	WHR	C	0.08%
	ROP	D	0.08%
	BRO	A	0.08%
	WELL	C	0.08%
	NFG	A	0.08%
	JEF	A	0.08%
	BLK	A	0.08%
	KEY	B	0.08%
	DUK	C	0.08%
	D	A	0.08%
	C	B	0.08%
	EMR	B	0.07%
	AVT	B	0.07%
	KMPR	D	0.07%
	PLD	D	0.07%
	PCG	C	0.07%
	PPG	D	0.07%
	CPT	C	0.07%
	SBRA	C	0.07%
	WB	B	0.07%
	ALLE	A	0.07%
	BAX	D	0.07%
	DOV	C	0.07%
	BKH	C	0.07%
	ESS	D	0.07%
	GSBD	D	0.07%
	FMC	C	0.07%
	NSC	C	0.07%
	TEL	D	0.07%
	MKC	C	0.07%
	USB	C	0.07%
	AWK	D	0.07%
	AMP	A	0.07%
	CUBE	C	0.07%
	HUBB	A	0.07%
	CFG	C	0.07%
	STT	A	0.07%
	SRE	C	0.07%
	MDLZ	D	0.07%
	PEG	A	0.07%
	AXP	A	0.07%
	EPD	A	0.07%
	BABA	A	0.07%
	HSBC	A	0.07%
	WFC	B	0.07%
	SKT	A	0.06%
	REG	C	0.06%
	WAB	A	0.06%
	SCS	D	0.06%
	GL	C	0.06%
	BA	F	0.06%
	ECL	C	0.06%
	WPC	C	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%
	BK	A	0.05%
	AER	C	0.05%
	ZTS	C	0.05%
	PDM	C	0.04%
	KIM	C	0.04%
	HPP	F	0.04%
	VOYA	A	0.04%
	KRG	C	0.04%
	FTV	C	0.04%
	AIZ	B	0.04%
	RPM	A	0.04%
	ARE	D	0.04%
	AXS	A	0.04%
	HIW	C	0.04%
	AIG	C	0.04%
	AFL	A	0.04%
	HON	C	0.04%
	ES	D	0.04%
	MSI	A	0.04%
	KRC	C	0.04%
	SCHW	D	0.04%
	SHW	C	0.04%
	RSG	D	0.04%
	DB	A	0.04%
	EIX	C	0.04%
	AVGO	B	0.04%
	NEE	C	0.04%
	MS	A	0.04%
	FLS	A	0.03%
	SYK	C	0.03%
	FNF	C	0.03%
	PNC	C	0.03%
	PH	A	0.02%
	AAP	F	0.02%
	BDN	B	0.02%
	MAA	D	0.02%
	EQR	C	0.02%
	AVB	C	0.02%
	AVY	D	0.02%
	VTR	C	0.02%
	AEP	C	0.02%
	MUFG	D	0.02%
	CP	C	0.01%
	JPM	C	0.01%
	EQIX	C	0.0%
	OHI	C	0.0%
	PRU	B	0.0%
	BAC	B	0.0%

SKOR Underweight 233 Positions Relative to QARP

	Symbol	Grade	Weight
	META	A	-5.23%
	BRK.A	B	-5.21%
	XOM	A	-3.07%
	GOOG	B	-2.03%
	CVX	B	-1.39%
	ACN	B	-1.19%
	AMAT	C	-0.89%
	TJX	D	-0.83%
	COP	D	-0.72%
	BKNG	B	-0.71%
	CAT	A	-0.69%
	TSLA	C	-0.63%
	PFE	D	-0.55%
	LRCX	D	-0.52%
	EOG	B	-0.46%
	TGT	C	-0.42%
	NUE	D	-0.39%
	NKE	D	-0.38%
	MRK	F	-0.38%
	CAH	B	-0.37%
	REGN	D	-0.36%
	SYY	D	-0.35%
	ADM	F	-0.31%
	FDX	F	-0.31%
	CNC	F	-0.3%
	KR	C	-0.29%
	CTSH	B	-0.29%
	ACGL	A	-0.28%
	ROST	D	-0.28%
	MPC	D	-0.27%
	DE	C	-0.26%
	BBY	C	-0.26%
	GWW	B	-0.25%
	NVR	C	-0.24%
	ABNB	D	-0.23%
	TROW	D	-0.23%
	ABT	C	-0.22%
	MSCI	B	-0.22%
	URI	C	-0.22%
	PCAR	D	-0.21%
	KVUE	C	-0.21%
	VRTX	D	-0.21%
	PAYX	B	-0.19%
	FAST	C	-0.19%
	FTNT	A	-0.18%
	FANG	D	-0.18%
	BLDR	C	-0.18%
	DAL	C	-0.18%
	WSM	C	-0.18%
	TSCO	A	-0.17%
	ULTA	D	-0.17%
	ODFL	F	-0.17%
	VST	A	-0.17%
	RS	D	-0.16%
	ISRG	C	-0.16%
	DVN	F	-0.16%
	EXPD	D	-0.15%
	LULU	D	-0.15%
	GEHC	C	-0.15%
	NVDA	B	-0.15%
	GEV	A	-0.15%
	SLB	D	-0.14%
	EXPE	B	-0.14%
	MNST	D	-0.14%
	LPLA	D	-0.14%
	ANET	A	-0.13%
	FCNCA	D	-0.13%
	CF	A	-0.13%
	GRMN	D	-0.13%
	DRI	C	-0.13%
	EME	B	-0.13%
	CASY	D	-0.12%
	DECK	B	-0.12%
	OC	C	-0.12%
	PSX	D	-0.12%
	SOLV	C	-0.11%
	LYB	B	-0.11%
	CMG	C	-0.11%
	MTD	C	-0.11%
	MTG	A	-0.11%
	SWKS	F	-0.1%
	FDS	C	-0.1%
	EVR	C	-0.1%
	LUV	B	-0.1%
	UTHR	C	-0.1%
	CTRA	D	-0.1%
	CPNG	C	-0.1%
	DKS	D	-0.1%
	SNA	C	-0.1%
	MRO	B	-0.1%
	BJ	B	-0.1%
	AMG	B	-0.09%
	AMD	C	-0.09%
	HRB	C	-0.09%
	CBRE	C	-0.09%
	HSY	D	-0.09%
	WSO	C	-0.08%
	PFGC	A	-0.08%
	AOS	C	-0.08%
	VICI	C	-0.08%
	GPC	D	-0.08%
	BKR	B	-0.08%
	WST	D	-0.08%
	MRNA	F	-0.08%
	CINF	A	-0.08%
	AYI	A	-0.07%
	APTV	D	-0.07%
	GGG	C	-0.07%
	SKX	B	-0.07%
	MOH	F	-0.07%
	UAL	A	-0.07%
	DOX	B	-0.07%
	LYV	A	-0.07%
	TOL	C	-0.07%
	FFIV	B	-0.06%
	CLF	D	-0.06%
	YUM	C	-0.06%
	ALGN	D	-0.06%
	INCY	B	-0.06%
	HAL	D	-0.06%
	OXY	D	-0.06%
	CHK	C	-0.06%
	EG	A	-0.06%
	AGCO	D	-0.06%
	JBL	C	-0.06%
	UHS	D	-0.06%
	SEIC	B	-0.06%
	TXT	F	-0.06%
	CHRW	C	-0.06%
	LNG	A	-0.06%
	FICO	C	-0.06%
	POOL	D	-0.06%
	CPRT	B	-0.06%
	RHI	D	-0.06%
	LVS	B	-0.05%
	MOS	F	-0.05%
	MCHP	F	-0.05%
	FCX	B	-0.05%
	HOLX	D	-0.05%
	ON	F	-0.05%
	JKHY	A	-0.05%
	ITT	C	-0.05%
	LSTR	F	-0.05%
	FND	C	-0.05%
	MUSA	D	-0.05%
	BX	C	-0.05%
	MKTX	B	-0.05%
	RL	B	-0.05%
	BLD	D	-0.05%
	MGM	D	-0.05%
	PWR	A	-0.05%
	TXRH	A	-0.05%
	EXP	C	-0.05%
	ACI	F	-0.05%
	COIN	F	-0.04%
	ACM	A	-0.04%
	EPAM	F	-0.04%
	JNPR	C	-0.04%
	KNSL	B	-0.04%
	USFD	C	-0.04%
	CCL	C	-0.04%
	CROX	C	-0.04%
	LPX	C	-0.04%
	WBD	F	-0.04%
	TSN	D	-0.04%
	EL	D	-0.04%
	ALK	C	-0.04%
	ARMK	C	-0.04%
	NYT	C	-0.04%
	WYNN	B	-0.04%
	LLY	D	-0.04%
	TER	C	-0.04%
	IP	C	-0.04%
	J	F	-0.04%
	LECO	D	-0.04%
	DBX	C	-0.04%
	SAIA	D	-0.04%
	CHE	D	-0.04%
	FIX	A	-0.04%
	COKE	C	-0.04%
	INGR	B	-0.04%
	CHRD	F	-0.04%
	GNTX	D	-0.04%
	CNM	F	-0.04%
	DCI	B	-0.04%
	BURL	C	-0.04%
	LKQ	F	-0.03%
	TTEK	A	-0.03%
	DD	C	-0.03%
	WAT	B	-0.03%
	EXEL	B	-0.03%
	SSD	B	-0.03%
	LOPE	D	-0.03%
	KNX	D	-0.03%
	MHK	C	-0.03%
	PVH	D	-0.03%
	THO	C	-0.03%
	DPZ	D	-0.03%
	MSM	D	-0.03%
	OLN	D	-0.03%
	AAL	D	-0.03%
	GAP	F	-0.03%
	ROL	C	-0.03%
	CRUS	D	-0.03%
	HLI	A	-0.03%
	FCN	C	-0.03%
	PAYC	D	-0.03%
	TAP	D	-0.03%
	MEDP	F	-0.03%
	PII	D	-0.03%
	VVV	D	-0.03%
	ALSN	A	-0.03%
	LAMR	C	-0.03%
	OSK	F	-0.03%
	X	F	-0.03%
	BBWI	F	-0.02%
	AR	C	-0.02%
	BIIB	F	-0.02%
	CDNS	D	-0.02%
	JHG	A	-0.02%
	NEU	F	-0.02%
	ALB	D	-0.02%
	APA	F	-0.02%
	FIVE	D	-0.02%
	MTZ	A	-0.02%
	CDW	D	-0.02%
	CTVA	A	-0.02%
	PINC	F	-0.02%
	RLI	A	-0.02%
	M	D	-0.02%
	G	A	-0.02%
	OVV	D	-0.02%
	IWB	A	-0.0%

SKOR: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Global Diversified Industrials Banks - Regional - US Credit Services REIT - Retail REIT - Office Business Services Insurance - Property & Casualty Asset Management Capital Markets Diagnostics & Research Packaged Foods REIT - Residential Semiconductors Specialty Retail Aerospace & Defense Drug Manufacturers - Major Health Care Plans Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Insurance Bank Real Estate Investment Trust Natural Gas Dow Jones Component Electricity Banking Investment Bank Insurance Products Financial Products Cash Management Chemical Computing Commercial Banking Electronics Real Estate Market Telecommunications Aerospace

QARP: Top Represented Industries & Keywords

Industries: Specialty Retail Oil & Gas E&P Semiconductors Drug Manufacturers - Major Capital Markets Diversified Industrials Restaurants Biotechnology Business Services Engineering & Construction Health Care Plans Auto Parts Building Materials Household & Personal Products Integrated Shipping & Logistics Software - Application Software - Infrastructure Airlines Apparel Stores Asset Management

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Dow Jones Component Electronics Chemical Building Materials Insurance Retailing Semiconductor Mining Construction Transport Clothing Petroleum Industry Telecommunications Aerospace Mobile Devices Plumbing