SPLV vs. SKOR ETF Comparison

Comparison of PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$73.67

Average Daily Volume

1,575,652

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

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

Performance

Period	SPLV	SKOR
30 Days	1.83%	-0.47%
60 Days	3.96%	-1.65%
90 Days	5.83%	-0.49%
12 Months	22.58%	7.15%

81 Overlapping Holdings

Symbol	Grade	Weight in SPLV	Weight in SKOR	Overlap
ABBV	F	0.0%	0.08%	0.0%
ADP	A	1.11%	0.07%	0.07%
AEP	C	0.91%	0.02%	0.02%
AFL	B	0.0%	0.04%	0.0%
AIG	B	0.0%	0.04%	0.0%
AMP	A	0.94%	0.07%	0.07%
ATO	A	1.21%	0.17%	0.17%
AVB	B	0.92%	0.02%	0.02%
AVY	F	0.92%	0.02%	0.02%
BK	A	0.99%	0.05%	0.05%
BR	A	0.98%	0.08%	0.08%
BRO	B	0.92%	0.08%	0.08%
CB	C	1.02%	0.1%	0.1%
CBOE	C	0.0%	0.08%	0.0%
CHD	A	1.07%	0.18%	0.18%
CL	D	1.23%	0.09%	0.09%
CME	B	1.04%	0.12%	0.12%
CMS	C	1.03%	0.08%	0.08%
COST	A	0.02%	0.1%	0.02%
CSCO	B	0.0%	0.04%	0.0%
CSX	C	0.85%	0.04%	0.04%
CTAS	B	0.94%	0.02%	0.02%
DGX	A	0.0%	0.07%	0.0%
DTE	C	0.9%	0.09%	0.09%
DUK	C	1.07%	0.08%	0.08%
EA	A	1.03%	0.04%	0.04%
ECL	D	0.91%	0.06%	0.06%
ED	C	1.0%	0.11%	0.11%
EIX	B	0.96%	0.04%	0.04%
GD	D	1.03%	0.14%	0.14%
GIS	D	0.88%	0.08%	0.08%
HON	C	1.11%	0.04%	0.04%
ITW	B	1.09%	0.07%	0.07%
JNJ	C	1.11%	0.18%	0.18%
JPM	A	0.01%	0.01%	0.01%
KDP	F	0.97%	0.08%	0.08%
KMB	C	0.99%	0.08%	0.08%
KMI	A	1.07%	0.28%	0.28%
KO	D	1.37%	0.08%	0.08%
LHX	C	0.9%	0.1%	0.1%
LMT	D	1.04%	0.23%	0.23%
LNT	A	1.05%	0.1%	0.1%
MA	B	1.13%	0.04%	0.04%
MCD	D	0.97%	0.04%	0.04%
MCK	A	0.02%	0.09%	0.02%
MDLZ	F	1.0%	0.07%	0.07%
MET	A	0.0%	0.09%	0.0%
MMC	B	1.17%	0.01%	0.01%
MO	A	0.94%	0.1%	0.1%
MSI	B	1.08%	0.04%	0.04%
NDAQ	A	0.93%	0.08%	0.08%
NI	A	1.09%	0.19%	0.19%
NOC	D	0.92%	0.19%	0.19%
O	C	0.93%	0.12%	0.12%
OKE	A	0.99%	0.14%	0.14%
ORLY	B	0.91%	0.08%	0.08%
OTIS	C	0.94%	0.07%	0.07%
PCG	A	0.92%	0.07%	0.07%
PEG	A	1.03%	0.07%	0.07%
PEP	F	1.04%	0.24%	0.24%
PG	C	1.22%	0.06%	0.06%
PKG	A	0.89%	0.07%	0.07%
PM	B	0.96%	0.17%	0.17%
PPG	F	0.93%	0.07%	0.07%
PRU	A	0.0%	0.0%	0.0%
REG	A	0.92%	0.06%	0.06%
ROP	B	0.98%	0.08%	0.08%
RSG	A	1.22%	0.04%	0.04%
SO	C	1.0%	0.1%	0.1%
SPGI	C	1.01%	0.08%	0.08%
SRE	A	1.02%	0.07%	0.07%
SYK	B	0.97%	0.03%	0.03%
TMUS	B	1.17%	0.14%	0.14%
UNP	C	0.91%	0.11%	0.11%
V	A	1.1%	0.1%	0.1%
VRSN	C	0.93%	0.19%	0.19%
WEC	A	0.97%	0.17%	0.17%
WELL	A	0.94%	0.08%	0.08%
WM	B	0.97%	0.13%	0.13%
WMT	A	0.92%	0.02%	0.02%
WTW	B	1.0%	0.06%	0.06%

SPLV Overweight 33 Positions Relative to SKOR

Symbol	Grade	Weight
BRK.A	B	1.31%
L	A	1.15%
PPL	A	1.09%
FI	A	1.08%
LIN	C	1.08%
YUM	D	1.07%
BSX	A	1.07%
ICE	C	1.06%
FE	C	1.05%
TJX	A	1.03%
EVRG	A	1.02%
COR	B	0.99%
RTX	D	0.99%
ABT	B	0.98%
WMB	A	0.98%
HOLX	D	0.96%
STZ	D	0.95%
AJG	A	0.94%
HLT	A	0.94%
CVX	A	0.93%
VICI	C	0.92%
MDT	D	0.92%
HIG	B	0.91%
SYY	D	0.9%
LYB	F	0.9%
PNW	A	0.9%
FRT	B	0.89%
JKHY	D	0.89%
PAYX	B	0.87%
LDOS	C	0.73%
ETR	B	0.0%
AME	A	0.0%
DRI	B	0.0%

SPLV Underweight 224 Positions Relative to SKOR

Symbol	Grade	Weight
LEN	D	-0.32%
FOXA	A	-0.25%
AEE	A	-0.25%
SPG	A	-0.22%
NXPI	D	-0.21%
CHTR	C	-0.2%
GM	C	-0.2%
PHM	D	-0.2%
MAS	D	-0.19%
TPR	B	-0.19%
PAA	B	-0.19%
APD	A	-0.19%
TMO	F	-0.19%
ELV	F	-0.18%
CCI	C	-0.18%
TD	D	-0.17%
DOW	F	-0.17%
GPN	B	-0.17%
DG	F	-0.16%
LII	A	-0.16%
CVS	D	-0.16%
ARW	D	-0.15%
ALL	A	-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%
WU	F	-0.13%
BWA	D	-0.13%
GILD	C	-0.13%
AMT	C	-0.13%
JBHT	C	-0.12%
BRX	A	-0.12%
AMCR	C	-0.12%
T	A	-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%
K	A	-0.11%
MKL	A	-0.11%
NVT	B	-0.11%
AMZN	C	-0.11%
ATHS	D	-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%
DLR	B	-0.1%
BMY	B	-0.1%
BIDU	F	-0.1%
WY	F	-0.1%
CNP	A	-0.1%
BKU	A	-0.1%
TRMB	B	-0.1%
INTU	B	-0.1%
GS	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%
FHN	A	-0.09%
DIS	B	-0.09%
BXP	C	-0.09%
CMA	B	-0.09%
AGR	A	-0.09%
HST	C	-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%
FITB	B	-0.09%
AAPL	C	-0.09%
AFG	A	-0.08%
PSA	C	-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%
HBAN	A	-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%
DSS	F	-0.08%
AMH	C	-0.08%
VLO	C	-0.08%
EW	C	-0.08%
DINO	D	-0.08%
KEYS	A	-0.08%
WHR	B	-0.08%
TT	A	-0.08%
NFG	A	-0.08%
JEF	A	-0.08%
BLK	B	-0.08%
KEY	B	-0.08%
MMM	D	-0.08%
MU	D	-0.08%
GLPI	C	-0.08%
SYF	B	-0.08%
D	C	-0.08%
C	A	-0.08%
EMR	B	-0.07%
AVT	C	-0.07%
KMPR	A	-0.07%
PLD	F	-0.07%
NTAP	C	-0.07%
DHI	F	-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%
DOV	A	-0.07%
A	D	-0.07%
BKH	A	-0.07%
ESS	B	-0.07%
GSBD	F	-0.07%
FMC	D	-0.07%
NSC	B	-0.07%
TEL	B	-0.07%
MKC	C	-0.07%
USB	A	-0.07%
AWK	C	-0.07%
TXN	C	-0.07%
CUBE	C	-0.07%
HUBB	B	-0.07%
CFG	B	-0.07%
MCO	B	-0.07%
STT	B	-0.07%
HPQ	B	-0.07%
AXP	A	-0.07%
EPD	A	-0.07%
BABA	D	-0.07%
HSBC	A	-0.07%
WFC	A	-0.07%
ROK	C	-0.06%
SKT	A	-0.06%
CPB	D	-0.06%
WAB	B	-0.06%
SCS	C	-0.06%
GL	C	-0.06%
BA	F	-0.06%
WPC	C	-0.06%
AL	B	-0.06%
TFC	A	-0.06%
NNN	C	-0.06%
SITC	D	-0.05%
DT	D	-0.05%
EFX	F	-0.05%
RY	A	-0.05%
AER	A	-0.05%
DLTR	F	-0.05%
AZO	C	-0.05%
ZTS	D	-0.05%
PDM	D	-0.04%
KIM	A	-0.04%
STLD	B	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	C	-0.04%
RNR	C	-0.04%
AIZ	A	-0.04%
SJM	D	-0.04%
RPM	A	-0.04%
ARE	F	-0.04%
CMI	A	-0.04%
PGR	A	-0.04%
HII	F	-0.04%
AXS	A	-0.04%
HIW	C	-0.04%
ES	C	-0.04%
MAR	A	-0.04%
KRC	B	-0.04%
SCHW	B	-0.04%
SHW	B	-0.04%
LOW	C	-0.04%
MSFT	D	-0.04%
DB	D	-0.04%
AVGO	D	-0.04%
NEE	C	-0.04%
MS	A	-0.04%
FLS	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%
AAP	D	-0.02%
BDN	C	-0.02%
MAA	B	-0.02%
EQR	C	-0.02%
PYPL	B	-0.02%
CLX	A	-0.02%
VTR	B	-0.02%
COF	C	-0.02%
MUFG	B	-0.02%
UNH	B	-0.02%
CP	F	-0.01%
EQIX	A	-0.0%
HD	B	-0.0%
OHI	C	-0.0%
BAC	A	-0.0%