SPHQ vs. LKOR ETF Comparison

Comparison of PowerShares S&P 500 High Quality Portfolio (SPHQ) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

SPHQ

PowerShares S&P 500 High Quality Portfolio

SPHQ Description

The PowerShares S&P 500Â® High Quality Portfolio (Fund) is based on the S&P 500Â® High Quality Rankings Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide exposure to the constituents of the S&P 500 Index that are identified as stocks reflecting long-term growth and stability of a company's earnings and dividends. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$67.31

Average Daily Volume

985,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LKOR

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR Description

Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund is an exchange traded fund launched by Northern Trust Corporation. It is managed by Northern Trust Investments, Incorporated. The fund invests in fixed income markets of the United States. It invests in US-dollar denominated investment grade bonds of companies rated BBB or higher by S&P or Fitch or Baa3 or higher by Moody's and with maturities greater than or equal to ten years. The fund seeks to track the performance of the Northern Trust Credit-Scored US Long Corporate Bond Index, by employing representative sampling methodology. Flexshares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund was formed on September 23, 2015 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.76

Average Daily Volume

9,046

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	SPHQ	LKOR
30 Days	2.43%	1.99%
60 Days	5.60%	7.06%
90 Days	4.54%	7.40%
12 Months	33.49%	15.92%

27 Overlapping Holdings

Symbol	Grade	Weight in SPHQ	Weight in LKOR	Overlap
AAPL	C	4.98%	0.17%	0.17%
ACGL	C	0.46%	0.55%	0.46%
AVGO	C	5.25%	0.2%	0.2%
BWA	D	0.1%	0.11%	0.1%
CSCO	C	2.29%	0.23%	0.23%
EA	D	0.33%	0.09%	0.09%
EBAY	B	0.35%	0.18%	0.18%
EG	C	0.17%	0.2%	0.17%
EMR	D	0.71%	0.12%	0.12%
GWW	B	0.52%	0.24%	0.24%
ITW	C	1.1%	0.06%	0.06%
JNJ	C	5.39%	0.12%	0.12%
KLAC	D	1.23%	0.2%	0.2%
KMB	D	0.57%	0.26%	0.26%
LMT	C	1.79%	0.24%	0.24%
LYB	D	0.25%	0.23%	0.23%
MA	B	5.29%	0.22%	0.22%
MCO	B	0.75%	0.12%	0.12%
MDLZ	B	1.04%	0.09%	0.09%
MLM	D	0.39%	0.11%	0.11%
MSFT	C	4.61%	0.1%	0.1%
PGR	B	1.62%	0.23%	0.23%
SHW	B	1.0%	0.21%	0.21%
TEL	D	0.47%	0.28%	0.28%
V	C	5.03%	0.4%	0.4%
VRSK	D	0.44%	0.1%	0.1%
ZTS	C	0.83%	0.19%	0.19%

SPHQ Overweight 71 Positions Relative to LKOR

Symbol	Grade	Weight
COST	B	4.36%
PG	C	4.16%
NFLX	B	3.57%
ADBE	F	3.26%
PEP	C	2.49%
QCOM	D	2.28%
GE	B	1.97%
ADP	B	1.9%
CAT	B	1.81%
INTU	C	1.73%
AMAT	D	1.7%
TJX	B	1.56%
NKE	D	1.15%
PANW	D	1.12%
LRCX	F	1.09%
ADSK	C	0.75%
CTAS	B	0.74%
AMP	A	0.68%
IT	B	0.62%
PAYX	C	0.62%
MPC	F	0.61%
MCHP	F	0.52%
FAST	C	0.52%
ROST	C	0.51%
IDXX	C	0.48%
CMI	C	0.48%
LEN	B	0.47%
CNC	D	0.47%
KVUE	C	0.46%
GEHC	C	0.44%
VLO	F	0.43%
A	C	0.4%
SYY	D	0.39%
ROK	D	0.37%
MNST	D	0.37%
CTSH	C	0.36%
DD	B	0.32%
VMC	D	0.32%
CDW	D	0.31%
LULU	D	0.31%
BALL	C	0.3%
ADM	D	0.3%
NVR	B	0.3%
HSY	C	0.29%
VLTO	C	0.28%
BR	D	0.26%
DECK	C	0.26%
K	B	0.26%
KEYS	C	0.25%
BLDR	C	0.24%
CLX	C	0.24%
BAX	C	0.24%
STE	C	0.23%
TROW	D	0.23%
CINF	B	0.22%
ULTA	D	0.21%
EXPD	C	0.21%
HOLX	B	0.19%
POOL	C	0.19%
OMC	B	0.19%
SWKS	D	0.17%
JBL	D	0.16%
FFIV	B	0.13%
JKHY	B	0.13%
AOS	D	0.12%
CHRW	B	0.12%
SOLV	C	0.1%
MKTX	C	0.1%
APA	F	0.1%
PAYC	D	0.08%
RL	C	0.07%

SPHQ Underweight 136 Positions Relative to LKOR

Symbol	Grade	Weight
PM	C	-0.7%
SCCO	D	-0.64%
DUK	C	-0.5%
HSBC	B	-0.48%
LNT	B	-0.4%
FITB	B	-0.39%
KOF	D	-0.37%
INTC	F	-0.37%
BA	F	-0.37%
HPE	D	-0.37%
NI	B	-0.37%
CVS	D	-0.36%
GILD	B	-0.35%
ABBV	C	-0.33%
DOW	D	-0.32%
CAH	C	-0.31%
CP	C	-0.29%
NNN	C	-0.29%
ED	C	-0.29%
AEP	C	-0.28%
RF	B	-0.28%
AMT	C	-0.27%
JEF	B	-0.26%
MMM	B	-0.26%
NOC	B	-0.26%
CHTR	D	-0.26%
HON	D	-0.25%
LOW	B	-0.25%
ORCL	C	-0.25%
WFC	D	-0.25%
CAG	C	-0.24%
AEE	C	-0.24%
NEM	B	-0.24%
WEC	C	-0.24%
CMS	C	-0.24%
MMC	C	-0.24%
BHP	D	-0.24%
CMCSA	D	-0.24%
HCA	B	-0.24%
DOV	B	-0.24%
KDP	B	-0.24%
HPQ	D	-0.24%
MKL	C	-0.24%
OKE	B	-0.24%
FOXA	B	-0.24%
LH	C	-0.23%
IBM	B	-0.23%
MCK	F	-0.23%
AIG	D	-0.23%
TXN	C	-0.23%
WRB	C	-0.23%
ATO	B	-0.23%
BDX	D	-0.23%
SBUX	C	-0.23%
AMGN	B	-0.23%
BAC	D	-0.23%
D	C	-0.23%
EXC	C	-0.22%
MRO	C	-0.22%
VMI	D	-0.22%
EL	F	-0.21%
NVDA	D	-0.21%
SRE	C	-0.21%
GS	C	-0.21%
EIX	C	-0.21%
C	C	-0.21%
HIG	B	-0.2%
PAA	C	-0.2%
MO	C	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
KO	C	-0.19%
CCI	C	-0.19%
KMI	B	-0.19%
HD	B	-0.19%
LEA	F	-0.18%
CPB	C	-0.18%
AIZ	B	-0.18%
ARE	C	-0.18%
AMZN	C	-0.18%
EPD	B	-0.18%
VZ	B	-0.18%
REGN	C	-0.17%
SPGI	B	-0.16%
UNP	C	-0.16%
UNH	C	-0.16%
HAL	F	-0.14%
MS	D	-0.14%
MET	B	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
EFX	B	-0.13%
HAS	B	-0.13%
AON	B	-0.13%
GM	C	-0.13%
XOM	C	-0.12%
TT	B	-0.12%
WELL	C	-0.12%
IFF	B	-0.12%
VTR	C	-0.12%
GOOGL	D	-0.12%
IPG	C	-0.12%
AFL	C	-0.12%
NSC	C	-0.12%
CSX	D	-0.12%
MCD	B	-0.12%
PRU	C	-0.11%
CHD	D	-0.11%
DG	F	-0.11%
REG	C	-0.11%
RJF	C	-0.11%
OC	D	-0.11%
MAS	B	-0.11%
FMC	C	-0.11%
SO	B	-0.11%
BABA	B	-0.11%
OTIS	C	-0.1%
KIM	C	-0.1%
SJM	C	-0.1%
DHR	B	-0.1%
WBA	F	-0.1%
ELV	C	-0.1%
RPM	B	-0.1%
BHF	F	-0.1%
WTW	C	-0.1%
GLW	C	-0.1%
BIIB	F	-0.09%
RPRX	C	-0.09%
PCG	C	-0.09%
JPM	D	-0.09%
T	C	-0.09%
HUM	F	-0.07%
SIGI	D	-0.06%
LHX	C	-0.05%
FTV	C	-0.05%
ALL	B	-0.04%