SKOR vs. SHUS ETF Comparison

Comparison of FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

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

$47.98

Average Daily Volume

49,646

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.14

Average Daily Volume

2,728

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	SKOR	SHUS
30 Days	-0.80%	1.04%
60 Days	-1.52%	5.01%
90 Days	0.31%	5.78%
12 Months	7.68%	19.13%

229 Overlapping Holdings

Symbol	Grade	Weight in SKOR	Weight in SHUS	Overlap
A	F	0.07%	0.15%	0.07%
AAPL	C	0.09%	0.49%	0.09%
ABBV	D	0.08%	0.24%	0.08%
ADBE	C	0.09%	0.15%	0.09%
ADI	F	0.15%	0.22%	0.15%
ADP	A	0.07%	0.21%	0.07%
ADSK	A	0.08%	0.16%	0.08%
AEE	A	0.25%	0.08%	0.08%
AEP	D	0.02%	0.24%	0.02%
AFL	C	0.04%	0.2%	0.04%
AIG	B	0.04%	0.19%	0.04%
AIZ	A	0.04%	0.2%	0.04%
ALL	A	0.15%	0.19%	0.15%
ALLE	D	0.07%	0.07%	0.07%
AMCR	D	0.12%	0.12%	0.12%
AMGN	F	0.11%	0.23%	0.11%
AMP	A	0.07%	0.09%	0.07%
AMT	F	0.13%	0.06%	0.06%
AMZN	A	0.11%	0.21%	0.11%
AON	A	0.09%	0.04%	0.04%
APD	B	0.19%	0.05%	0.05%
APH	B	0.11%	0.18%	0.11%
ARE	F	0.04%	0.1%	0.04%
ATO	A	0.17%	0.32%	0.17%
AVB	A	0.02%	0.1%	0.02%
AVGO	C	0.04%	0.22%	0.04%
AVY	F	0.02%	0.06%	0.02%
AWK	D	0.07%	0.32%	0.07%
AXP	B	0.07%	0.05%	0.05%
AZO	C	0.05%	0.15%	0.05%
BA	F	0.06%	0.16%	0.06%
BAC	A	0.0%	0.12%	0.0%
BAX	F	0.07%	0.05%	0.05%
BDX	D	0.08%	0.05%	0.05%
BG	D	0.08%	0.36%	0.08%
BK	B	0.05%	0.11%	0.05%
BLK	B	0.08%	0.09%	0.08%
BMY	B	0.1%	0.25%	0.1%
BR	A	0.08%	0.11%	0.08%
BRO	A	0.08%	0.03%	0.03%
BWA	B	0.13%	0.41%	0.13%
BXP	D	0.09%	0.11%	0.09%
C	A	0.08%	0.13%	0.08%
CARR	C	0.09%	0.08%	0.08%
CB	C	0.1%	0.14%	0.1%
CBOE	D	0.08%	0.04%	0.04%
CCI	F	0.18%	0.06%	0.06%
CE	F	0.07%	0.07%	0.07%
CFG	B	0.07%	0.05%	0.05%
CHD	B	0.18%	0.41%	0.18%
CHTR	B	0.2%	0.46%	0.2%
CI	D	0.14%	0.18%	0.14%
CL	F	0.09%	0.4%	0.09%
CLX	A	0.02%	0.41%	0.02%
CMCSA	B	0.14%	0.51%	0.14%
CME	A	0.12%	0.04%	0.04%
CMI	A	0.04%	0.08%	0.04%
CMS	C	0.08%	0.07%	0.07%
CNP	B	0.1%	0.25%	0.1%
COF	B	0.02%	0.69%	0.02%
COST	B	0.1%	0.7%	0.1%
CPB	F	0.06%	0.2%	0.06%
CPT	C	0.07%	0.1%	0.07%
CSCO	A	0.04%	0.21%	0.04%
CSX	B	0.04%	0.08%	0.04%
CTAS	A	0.02%	0.17%	0.02%
CVS	F	0.16%	0.68%	0.16%
D	D	0.08%	0.24%	0.08%
DFS	B	0.11%	0.68%	0.11%
DG	F	0.16%	0.17%	0.16%
DGX	A	0.07%	0.16%	0.07%
DHI	F	0.07%	0.23%	0.07%
DHR	F	0.09%	0.1%	0.09%
DIS	B	0.09%	0.2%	0.09%
DLR	C	0.1%	0.26%	0.1%
DLTR	F	0.05%	0.17%	0.05%
DOV	A	0.07%	0.17%	0.07%
DOW	F	0.17%	0.07%	0.07%
DTE	D	0.09%	0.24%	0.09%
DUK	D	0.08%	0.07%	0.07%
EA	A	0.04%	0.48%	0.04%
EBAY	C	0.08%	0.22%	0.08%
ECL	C	0.06%	0.05%	0.05%
ED	D	0.11%	0.24%	0.11%
EFX	D	0.05%	0.04%	0.04%
EIX	C	0.04%	0.24%	0.04%
ELV	F	0.18%	0.24%	0.18%
EMR	A	0.07%	0.03%	0.03%
EQIX	B	0.0%	0.26%	0.0%
EQR	C	0.02%	0.1%	0.02%
ES	D	0.04%	0.07%	0.04%
ESS	C	0.07%	0.1%	0.07%
EW	D	0.08%	0.06%	0.06%
FITB	A	0.09%	0.05%	0.05%
FMC	F	0.07%	0.08%	0.07%
FOXA	A	0.25%	0.1%	0.1%
FTV	D	0.04%	0.03%	0.03%
GD	A	0.14%	0.16%	0.14%
GILD	C	0.13%	0.24%	0.13%
GIS	F	0.08%	0.21%	0.08%
GL	B	0.06%	0.19%	0.06%
GM	A	0.2%	0.24%	0.2%
GOOGL	B	0.03%	0.22%	0.03%
GPN	B	0.17%	0.04%	0.04%
GS	B	0.1%	0.25%	0.1%
HBAN	B	0.08%	0.05%	0.05%
HCA	D	0.03%	0.33%	0.03%
HD	B	0.0%	0.25%	0.0%
HII	D	0.04%	0.08%	0.04%
HON	B	0.04%	0.16%	0.04%
HPQ	B	0.07%	0.34%	0.07%
HST	C	0.09%	0.11%	0.09%
HUBB	B	0.07%	0.26%	0.07%
HUM	D	0.12%	0.26%	0.12%
IBM	C	0.09%	0.33%	0.09%
INTC	C	0.12%	0.16%	0.12%
INTU	A	0.1%	0.2%	0.1%
ITW	A	0.07%	0.17%	0.07%
JBHT	B	0.12%	0.08%	0.08%
JNJ	D	0.18%	0.23%	0.18%
JPM	B	0.01%	0.12%	0.01%
K	A	0.11%	0.18%	0.11%
KDP	D	0.08%	0.24%	0.08%
KEY	B	0.08%	0.06%	0.06%
KEYS	C	0.08%	0.2%	0.08%
KIM	A	0.04%	0.06%	0.04%
KLAC	F	0.08%	0.17%	0.08%
KMB	F	0.08%	0.41%	0.08%
KMI	B	0.28%	0.25%	0.25%
KO	F	0.08%	0.24%	0.08%
LEN	D	0.32%	0.24%	0.24%
LH	A	0.11%	0.16%	0.11%
LHX	A	0.1%	0.08%	0.08%
LMT	C	0.23%	0.08%	0.08%
LNT	C	0.1%	0.08%	0.08%
LOW	B	0.04%	0.25%	0.04%
MA	B	0.04%	0.05%	0.04%
MAA	C	0.02%	0.1%	0.02%
MAR	A	0.04%	0.12%	0.04%
MAS	D	0.19%	0.19%	0.19%
MCD	C	0.04%	0.49%	0.04%
MCK	A	0.09%	0.18%	0.09%
MCO	C	0.07%	0.04%	0.04%
MDLZ	F	0.07%	0.18%	0.07%
MET	C	0.09%	0.21%	0.09%
MKC	D	0.07%	0.21%	0.07%
MLM	B	0.09%	0.17%	0.09%
MMC	C	0.01%	0.03%	0.01%
MMM	C	0.08%	0.17%	0.08%
MO	A	0.1%	0.35%	0.1%
MS	A	0.04%	0.26%	0.04%
MSFT	C	0.04%	0.32%	0.04%
MSI	B	0.04%	0.49%	0.04%
MU	D	0.08%	0.15%	0.08%
NDAQ	A	0.08%	0.04%	0.04%
NEE	D	0.04%	0.24%	0.04%
NI	A	0.19%	0.32%	0.19%
NOC	C	0.19%	0.08%	0.08%
NSC	B	0.07%	0.08%	0.07%
NTAP	D	0.07%	0.17%	0.07%
NXPI	F	0.21%	0.23%	0.21%
O	D	0.12%	0.06%	0.06%
OKE	A	0.14%	0.24%	0.14%
ORCL	A	0.11%	0.34%	0.11%
ORLY	A	0.08%	0.14%	0.08%
OTIS	C	0.07%	0.08%	0.07%
PCG	A	0.07%	0.07%	0.07%
PEG	C	0.07%	0.25%	0.07%
PEP	D	0.24%	0.17%	0.17%
PG	C	0.06%	0.41%	0.06%
PGR	A	0.04%	0.19%	0.04%
PH	A	0.02%	0.08%	0.02%
PHM	D	0.2%	0.25%	0.2%
PKG	B	0.07%	0.06%	0.06%
PLD	D	0.07%	0.06%	0.06%
PM	C	0.17%	0.35%	0.17%
PNC	B	0.03%	0.06%	0.03%
PPG	F	0.07%	0.07%	0.07%
PRU	B	0.0%	0.2%	0.0%
PSA	C	0.08%	0.1%	0.08%
PYPL	A	0.02%	0.06%	0.02%
QCOM	F	0.08%	0.22%	0.08%
REG	A	0.06%	0.06%	0.06%
ROK	B	0.06%	0.03%	0.03%
ROP	A	0.08%	0.03%	0.03%
RSG	A	0.04%	0.18%	0.04%
SBUX	B	0.09%	0.48%	0.09%
SCHW	A	0.04%	0.25%	0.04%
SHW	A	0.04%	0.06%	0.04%
SJM	F	0.04%	0.21%	0.04%
SO	D	0.1%	0.08%	0.08%
SPG	B	0.22%	0.06%	0.06%
SPGI	C	0.08%	0.04%	0.04%
SRE	A	0.07%	0.07%	0.07%
STLD	B	0.04%	0.27%	0.04%
STT	B	0.07%	0.11%	0.07%
SWK	F	0.11%	0.26%	0.11%
SYF	B	0.08%	0.68%	0.08%
SYK	A	0.03%	0.12%	0.03%
T	A	0.12%	0.33%	0.12%
TDY	A	0.14%	0.03%	0.03%
TEL	B	0.07%	0.19%	0.07%
TFC	B	0.06%	0.05%	0.05%
TMO	F	0.19%	0.14%	0.14%
TMUS	A	0.14%	0.33%	0.14%
TPR	B	0.19%	0.32%	0.19%
TRMB	B	0.1%	0.03%	0.03%
TT	A	0.08%	0.08%	0.08%
TXN	C	0.07%	0.22%	0.07%
UNH	B	0.02%	0.25%	0.02%
UNP	C	0.11%	0.08%	0.08%
UPS	C	0.08%	0.08%	0.08%
USB	A	0.07%	0.05%	0.05%
V	A	0.1%	0.04%	0.04%
VLO	D	0.08%	0.49%	0.08%
VRSK	A	0.1%	0.04%	0.04%
VRSN	C	0.19%	0.27%	0.19%
VTR	C	0.02%	0.11%	0.02%
VZ	C	0.03%	0.32%	0.03%
WAB	A	0.06%	0.13%	0.06%
WEC	B	0.17%	0.07%	0.07%
WELL	B	0.08%	0.11%	0.08%
WFC	A	0.07%	0.13%	0.07%
WM	A	0.13%	0.18%	0.13%
WMT	A	0.02%	0.72%	0.02%
WTW	A	0.06%	0.04%	0.04%
WY	F	0.1%	0.17%	0.1%
XEL	A	0.14%	0.07%	0.07%
ZTS	D	0.05%	0.25%	0.05%

SKOR Overweight 76 Positions Relative to SHUS

Symbol	Grade	Weight
PAA	D	0.19%
TD	D	0.17%
LII	B	0.16%
ARW	F	0.15%
RPRX	F	0.14%
ALLY	C	0.14%
WU	F	0.13%
BRX	A	0.12%
CM	A	0.11%
BHP	F	0.11%
MKL	A	0.11%
NVT	B	0.11%
ATHS	C	0.11%
ARCC	B	0.11%
BMO	A	0.11%
BIDU	F	0.1%
BKU	B	0.1%
VNT	B	0.09%
THG	A	0.09%
FHN	A	0.09%
CMA	A	0.09%
AGR	C	0.09%
FLO	F	0.09%
LAZ	C	0.09%
BNS	A	0.09%
AFG	A	0.08%
AWH	F	0.08%
FAF	C	0.08%
LEA	F	0.08%
CSL	B	0.08%
HP	C	0.08%
ORI	A	0.08%
H	B	0.08%
DSS	F	0.08%
AMH	C	0.08%
DINO	D	0.08%
WHR	B	0.08%
NFG	C	0.08%
JEF	A	0.08%
GLPI	D	0.08%
AVT	C	0.07%
KMPR	A	0.07%
SBRA	C	0.07%
WB	F	0.07%
BKH	B	0.07%
GSBD	F	0.07%
CUBE	D	0.07%
EPD	A	0.07%
BABA	D	0.07%
HSBC	C	0.07%
SKT	B	0.06%
SCS	C	0.06%
WPC	F	0.06%
AL	B	0.06%
NNN	F	0.06%
SITC	F	0.05%
DT	C	0.05%
RY	B	0.05%
AER	C	0.05%
PDM	D	0.04%
HPP	F	0.04%
VOYA	B	0.04%
KRG	B	0.04%
RNR	D	0.04%
RPM	A	0.04%
AXS	A	0.04%
HIW	D	0.04%
KRC	C	0.04%
DB	C	0.04%
FLS	B	0.03%
FNF	C	0.03%
AAP	D	0.02%
BDN	D	0.02%
MUFG	A	0.02%
CP	F	0.01%
OHI	C	0.0%

SKOR Underweight 271 Positions Relative to SHUS

Symbol	Grade	Weight
CVX	B	-0.75%
XOM	B	-0.75%
KR	A	-0.73%
SYY	B	-0.73%
ROST	F	-0.71%
TJX	B	-0.71%
WBA	D	-0.63%
DPZ	C	-0.52%
PSX	D	-0.5%
DRI	B	-0.5%
YUM	B	-0.5%
L	A	-0.49%
EL	F	-0.49%
CMG	B	-0.49%
BRK.A	B	-0.49%
MPC	D	-0.48%
TTWO	A	-0.48%
MTCH	F	-0.46%
META	B	-0.46%
KVUE	B	-0.41%
VST	B	-0.4%
PWR	B	-0.4%
APTV	D	-0.39%
J	B	-0.39%
CEG	D	-0.38%
JBL	C	-0.37%
HRL	F	-0.36%
ADM	F	-0.36%
BKR	B	-0.35%
CRM	B	-0.35%
TSN	C	-0.35%
SLB	C	-0.34%
SNPS	B	-0.34%
NKE	F	-0.33%
IPG	F	-0.33%
OMC	B	-0.33%
CDNS	B	-0.33%
HAL	C	-0.33%
RL	B	-0.32%
UHS	D	-0.32%
GRMN	A	-0.32%
NRG	B	-0.32%
AES	F	-0.31%
NVR	D	-0.3%
LULU	C	-0.3%
FCX	F	-0.29%
EXC	C	-0.29%
DECK	B	-0.29%
UAL	B	-0.28%
TSLA	B	-0.27%
DAL	A	-0.27%
ETN	A	-0.26%
GDDY	A	-0.26%
AKAM	F	-0.26%
STZ	D	-0.25%
MOH	F	-0.25%
LUV	B	-0.25%
MNST	B	-0.25%
ETR	B	-0.25%
TAP	B	-0.25%
SNA	A	-0.25%
INCY	B	-0.25%
RJF	A	-0.25%
ENPH	F	-0.25%
NUE	C	-0.25%
HAS	D	-0.25%
CNC	F	-0.25%
MRK	F	-0.24%
TRGP	B	-0.24%
FE	D	-0.24%
VTRS	B	-0.24%
PFE	F	-0.24%
BIIB	F	-0.24%
WMB	B	-0.24%
NEM	F	-0.24%
F	C	-0.24%
CTLT	D	-0.24%
REGN	F	-0.23%
VRTX	B	-0.23%
LLY	F	-0.23%
MRNA	F	-0.23%
LW	C	-0.22%
DAY	C	-0.22%
NOW	A	-0.22%
NFLX	A	-0.22%
PLTR	B	-0.22%
CPRT	A	-0.22%
ON	F	-0.22%
GOOG	B	-0.22%
KHC	F	-0.21%
ANET	C	-0.21%
AOS	F	-0.21%
QRVO	F	-0.21%
SWKS	F	-0.21%
CAG	F	-0.21%
PAYX	B	-0.21%
PAYC	B	-0.21%
TYL	B	-0.21%
MPWR	F	-0.21%
IR	A	-0.2%
IEX	B	-0.2%
PARA	C	-0.2%
FFIV	A	-0.2%
ERIE	F	-0.2%
HSIC	F	-0.2%
FSLR	F	-0.2%
PFG	C	-0.2%
CAH	A	-0.19%
XYL	D	-0.19%
HPE	B	-0.19%
WBD	B	-0.19%
GLW	C	-0.19%
BBWI	C	-0.19%
PNR	A	-0.19%
BLDR	D	-0.19%
JNPR	D	-0.19%
CRWD	B	-0.18%
EQT	B	-0.18%
GEV	B	-0.18%
ROL	B	-0.18%
COR	A	-0.18%
MHK	D	-0.18%
TGT	C	-0.17%
ANSS	B	-0.17%
GE	C	-0.17%
FTNT	B	-0.17%
GEN	A	-0.17%
BBY	D	-0.17%
CTRA	B	-0.17%
PTC	B	-0.17%
DELL	B	-0.17%
VMC	B	-0.17%
STX	D	-0.17%
WDC	D	-0.17%
HSY	D	-0.17%
AMAT	F	-0.17%
ULTA	C	-0.17%
PANW	A	-0.16%
DVN	F	-0.16%
TXT	C	-0.16%
TER	F	-0.16%
TECH	B	-0.15%
GPC	D	-0.15%
WAT	A	-0.15%
SMCI	F	-0.15%
MTD	F	-0.14%
CRL	C	-0.14%
CINF	A	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
HIG	C	-0.14%
CAT	C	-0.14%
AMD	F	-0.14%
ACGL	D	-0.14%
EG	D	-0.14%
KMX	C	-0.14%
LKQ	D	-0.14%
IT	A	-0.13%
EPAM	B	-0.13%
POOL	D	-0.13%
GWW	B	-0.13%
CTSH	A	-0.13%
DE	D	-0.13%
ACN	C	-0.13%
ZBRA	A	-0.13%
BKNG	A	-0.13%
NVDA	B	-0.13%
MCHP	F	-0.13%
LDOS	B	-0.13%
WRB	B	-0.13%
IQV	F	-0.13%
HLT	A	-0.12%
ABNB	C	-0.12%
EXPE	B	-0.12%
STE	F	-0.12%
ISRG	A	-0.12%
CDW	F	-0.12%
BALL	D	-0.12%
ZBH	C	-0.12%
FAST	A	-0.12%
TSCO	C	-0.12%
PCAR	B	-0.12%
AME	A	-0.12%
DVA	C	-0.11%
EXR	D	-0.11%
DOC	C	-0.11%
UBER	F	-0.11%
HOLX	D	-0.1%
PODD	B	-0.1%
NWSA	B	-0.1%
NWS	B	-0.1%
RVTY	C	-0.1%
INVH	D	-0.1%
FOX	A	-0.1%
UDR	C	-0.1%
GEHC	F	-0.1%
ALGN	F	-0.1%
AXON	B	-0.09%
EXPD	D	-0.09%
KKR	B	-0.09%
CCL	A	-0.09%
CHRW	A	-0.09%
NCLH	B	-0.09%
CF	B	-0.09%
IVZ	C	-0.09%
LYV	B	-0.09%
RMD	C	-0.09%
DXCM	C	-0.09%
IDXX	D	-0.09%
PPL	A	-0.08%
EVRG	A	-0.08%
JCI	A	-0.08%
GNRC	B	-0.08%
WYNN	F	-0.08%
BX	A	-0.08%
RTX	C	-0.08%
ODFL	B	-0.08%
NTRS	A	-0.08%
LVS	C	-0.08%
MOS	D	-0.08%
CTVA	C	-0.08%
BEN	C	-0.08%
TROW	B	-0.08%
RCL	A	-0.08%
LYB	F	-0.07%
SW	C	-0.07%
FANG	D	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
MGM	D	-0.07%
MRO	B	-0.07%
EOG	A	-0.07%
APA	F	-0.07%
HES	C	-0.07%
PNW	B	-0.07%
FDX	B	-0.07%
HWM	A	-0.07%
FI	A	-0.06%
RF	B	-0.06%
MTB	B	-0.06%
ABT	C	-0.06%
MDT	D	-0.06%
BSX	A	-0.06%
IP	C	-0.06%
FRT	C	-0.06%
SBAC	D	-0.06%
VICI	D	-0.06%
IRM	D	-0.06%
TDG	B	-0.06%
SOLV	D	-0.05%
IFF	F	-0.05%
WST	B	-0.05%
TFX	F	-0.05%
EMN	D	-0.05%
ALB	B	-0.05%
DD	D	-0.05%
FIS	B	-0.05%
JKHY	C	-0.05%
CBRE	A	-0.04%
CSGP	D	-0.04%
ICE	D	-0.04%
FDS	A	-0.04%
CPAY	A	-0.04%
MKTX	C	-0.04%
LIN	D	-0.04%
MSCI	B	-0.04%
FICO	B	-0.03%
VLTO	C	-0.03%
NDSN	B	-0.03%
AJG	A	-0.03%