SPUS vs. LKOR ETF Comparison

Comparison of SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

SPUS

SP Funds S&P 500 Sharia Industry Exclusions ETF

SPUS Description

The investment seeks to track the performance, before fees and expenses, of the S&P 500 Shariah Industry Exclusions Index. The index is composed of the constituents of the S&P 500® Shariah Index other than those from the following sub-industries: Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services. The manager attempts to invest all, or substantially all, of its assets in the component securities that make up the index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$42.64

Average Daily Volume

187,591

Number of Holdings ^*

223

* 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

$43.76

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	SPUS	LKOR
30 Days	1.91%	-0.56%
60 Days	2.94%	-5.06%
90 Days	3.81%	-3.66%
12 Months	29.89%	9.17%

50 Overlapping Holdings

Symbol	Grade	Weight in SPUS	Weight in LKOR	Overlap
AAPL	C	11.07%	0.17%	0.17%
ABBV	D	0.94%	0.33%	0.33%
AMZN	C	6.03%	0.18%	0.18%
APTV	D	0.04%	0.13%	0.04%
AVGO	D	2.42%	0.2%	0.2%
BDX	F	0.2%	0.23%	0.2%
BIIB	F	0.07%	0.09%	0.07%
CAH	B	0.09%	0.31%	0.09%
CHD	B	0.09%	0.11%	0.09%
CSCO	B	0.74%	0.23%	0.23%
CSX	B	0.21%	0.12%	0.12%
DHR	F	0.48%	0.1%	0.1%
DOV	A	0.09%	0.24%	0.09%
EBAY	D	0.09%	0.18%	0.09%
EFX	F	0.1%	0.13%	0.1%
EL	F	0.05%	0.21%	0.05%
EMR	A	0.24%	0.12%	0.12%
FTV	C	0.08%	0.05%	0.05%
GILD	C	0.35%	0.35%	0.35%
GLW	B	0.12%	0.1%	0.1%
GOOGL	C	3.28%	0.12%	0.12%
GWW	B	0.17%	0.24%	0.17%
HAL	C	0.09%	0.14%	0.09%
HD	A	1.26%	0.19%	0.19%
HON	B	0.47%	0.25%	0.25%
HPQ	B	0.11%	0.24%	0.11%
ITW	B	0.23%	0.06%	0.06%
JCI	C	0.18%	0.13%	0.13%
JNJ	D	1.17%	0.12%	0.12%
KDP	D	0.11%	0.24%	0.11%
KLAC	D	0.26%	0.2%	0.2%
KMB	D	0.15%	0.26%	0.15%
LH	C	0.06%	0.23%	0.06%
LOW	D	0.48%	0.25%	0.25%
MAS	D	0.05%	0.11%	0.05%
MCK	B	0.26%	0.23%	0.23%
MDLZ	F	0.27%	0.09%	0.09%
MLM	B	0.11%	0.11%	0.11%
MMM	D	0.22%	0.26%	0.22%
MSFT	F	9.82%	0.1%	0.1%
NEM	D	0.16%	0.24%	0.16%
NSC	B	0.19%	0.12%	0.12%
NVDA	C	11.41%	0.21%	0.21%
OTIS	C	0.13%	0.1%	0.1%
REGN	F	0.25%	0.17%	0.17%
SHW	A	0.27%	0.21%	0.21%
TT	A	0.3%	0.12%	0.12%
TXN	C	0.58%	0.23%	0.23%
UNP	C	0.45%	0.16%	0.16%
XOM	B	1.7%	0.12%	0.12%

SPUS Overweight 173 Positions Relative to LKOR

Symbol	Grade	Weight
META	D	3.93%
TSLA	B	3.02%
GOOG	C	2.71%
LLY	F	1.89%
PG	A	1.28%
CRM	B	1.0%
MRK	F	0.79%
AMD	F	0.71%
ACN	C	0.71%
ADBE	C	0.7%
LIN	D	0.69%
PEP	F	0.69%
NOW	A	0.67%
ABT	B	0.64%
TMO	F	0.62%
ISRG	A	0.61%
QCOM	F	0.55%
BKNG	A	0.53%
ETN	A	0.46%
UBER	D	0.46%
AMAT	F	0.45%
TJX	A	0.43%
COP	C	0.42%
SYK	C	0.42%
BSX	B	0.42%
PANW	C	0.4%
MU	D	0.35%
PLD	D	0.34%
MDT	D	0.34%
ADI	D	0.33%
UPS	C	0.31%
ANET	C	0.31%
LRCX	F	0.29%
EQIX	A	0.28%
NKE	D	0.28%
PH	A	0.28%
APH	A	0.27%
MSI	B	0.26%
SNPS	B	0.26%
CDNS	B	0.26%
EOG	A	0.25%
WM	A	0.25%
CTAS	B	0.24%
CL	D	0.24%
APD	A	0.23%
CEG	D	0.23%
ORLY	B	0.22%
ADSK	A	0.21%
SLB	C	0.2%
FCX	D	0.2%
FTNT	C	0.19%
ROP	B	0.19%
ECL	D	0.19%
NXPI	D	0.18%
TGT	F	0.18%
FICO	B	0.18%
AZO	C	0.17%
PWR	A	0.16%
CMI	A	0.16%
ROST	C	0.15%
FAST	B	0.15%
DHI	D	0.15%
CPRT	A	0.15%
COR	B	0.14%
RSG	A	0.14%
BKR	B	0.14%
AME	A	0.14%
VLO	C	0.14%
KVUE	A	0.14%
IT	C	0.13%
ODFL	B	0.13%
CTVA	C	0.13%
HES	B	0.13%
IR	B	0.13%
EW	C	0.13%
VMC	B	0.12%
A	D	0.12%
MNST	C	0.12%
CTSH	B	0.12%
GEHC	F	0.12%
WAB	B	0.11%
DD	D	0.11%
IDXX	F	0.11%
MCHP	D	0.11%
NUE	C	0.11%
LULU	C	0.11%
RMD	C	0.11%
GIS	D	0.11%
ANSS	B	0.1%
DXCM	D	0.1%
GRMN	B	0.1%
ROK	B	0.1%
AVB	B	0.1%
DECK	A	0.09%
MPWR	F	0.09%
PPG	F	0.09%
ON	D	0.09%
KEYS	A	0.09%
TSCO	D	0.09%
XYL	D	0.09%
HUBB	B	0.08%
DVN	F	0.08%
MTD	D	0.08%
EQR	B	0.08%
NTAP	C	0.08%
ADM	D	0.08%
TYL	B	0.08%
HSY	F	0.08%
VLTO	D	0.08%
PHM	D	0.08%
STLD	B	0.07%
CLX	B	0.07%
STE	F	0.07%
WAT	B	0.07%
K	A	0.07%
PKG	A	0.07%
ZBH	C	0.07%
WY	D	0.07%
WST	C	0.07%
PTC	A	0.07%
CDW	F	0.07%
HOLX	D	0.06%
MAA	B	0.06%
PODD	C	0.06%
MKC	D	0.06%
FSLR	F	0.06%
ZBRA	B	0.06%
CTRA	B	0.06%
BLDR	D	0.06%
JBL	B	0.05%
JBHT	C	0.05%
VRSN	F	0.05%
ALGN	D	0.05%
AVY	D	0.05%
CF	B	0.05%
ULTA	F	0.05%
J	F	0.05%
EXPD	D	0.05%
GPC	D	0.05%
IEX	B	0.05%
TER	D	0.05%
BBY	D	0.05%
TRMB	B	0.05%
PNR	A	0.05%
MOH	F	0.05%
INCY	C	0.04%
JNPR	F	0.04%
ALLE	D	0.04%
CHRW	C	0.04%
CPT	B	0.04%
ALB	C	0.04%
SMCI	F	0.04%
SWKS	F	0.04%
AKAM	D	0.04%
EPAM	C	0.04%
NDSN	B	0.04%
POOL	C	0.04%
ROL	B	0.04%
FFIV	B	0.04%
RL	B	0.03%
MOS	F	0.03%
ENPH	F	0.03%
AOS	F	0.03%
TFX	F	0.03%
HSIC	B	0.03%
CRL	C	0.03%
LKQ	D	0.03%
PAYC	B	0.03%
TECH	D	0.03%
GNRC	B	0.03%
LW	C	0.03%
QRVO	F	0.02%
MHK	D	0.02%

SPUS Underweight 113 Positions Relative to LKOR

Symbol	Grade	Weight
PM	B	-0.7%
SCCO	F	-0.64%
ACGL	D	-0.55%
DUK	C	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
V	A	-0.4%
FITB	A	-0.39%
KOF	F	-0.37%
INTC	D	-0.37%
BA	F	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
DOW	F	-0.32%
CP	D	-0.29%
NNN	D	-0.29%
ED	D	-0.29%
AEP	D	-0.28%
RF	A	-0.28%
TEL	B	-0.28%
AMT	D	-0.27%
JEF	A	-0.26%
NOC	D	-0.26%
CHTR	C	-0.26%
ORCL	B	-0.25%
WFC	A	-0.25%
CAG	D	-0.24%
AEE	A	-0.24%
WEC	A	-0.24%
CMS	C	-0.24%
MMC	B	-0.24%
BHP	F	-0.24%
CMCSA	B	-0.24%
HCA	F	-0.24%
MKL	A	-0.24%
OKE	A	-0.24%
LMT	D	-0.24%
FOXA	B	-0.24%
LYB	F	-0.23%
PGR	A	-0.23%
IBM	C	-0.23%
AIG	B	-0.23%
WRB	A	-0.23%
ATO	A	-0.23%
SBUX	A	-0.23%
AMGN	D	-0.23%
BAC	A	-0.23%
D	C	-0.23%
MA	C	-0.22%
EXC	C	-0.22%
MRO	B	-0.22%
VMI	B	-0.22%
SRE	A	-0.21%
GS	A	-0.21%
EIX	B	-0.21%
C	A	-0.21%
EG	C	-0.2%
HIG	B	-0.2%
PAA	B	-0.2%
MO	A	-0.2%
STZ	D	-0.19%
NDAQ	A	-0.19%
ZTS	D	-0.19%
KO	D	-0.19%
CCI	D	-0.19%
KMI	A	-0.19%
LEA	D	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	D	-0.18%
EPD	A	-0.18%
VZ	C	-0.18%
SPGI	C	-0.16%
UNH	C	-0.16%
MS	A	-0.14%
MET	A	-0.14%
HAS	D	-0.13%
AON	A	-0.13%
GM	B	-0.13%
WELL	A	-0.12%
IFF	D	-0.12%
VTR	C	-0.12%
IPG	D	-0.12%
AFL	B	-0.12%
MCO	B	-0.12%
MCD	D	-0.12%
PRU	A	-0.11%
BWA	D	-0.11%
DG	F	-0.11%
REG	B	-0.11%
RJF	A	-0.11%
OC	A	-0.11%
FMC	D	-0.11%
SO	D	-0.11%
BABA	D	-0.11%
VRSK	A	-0.1%
KIM	A	-0.1%
SJM	D	-0.1%
WBA	F	-0.1%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	B	-0.1%
WTW	B	-0.1%
EA	A	-0.09%
RPRX	D	-0.09%
PCG	A	-0.09%
JPM	A	-0.09%
T	A	-0.09%
HUM	C	-0.07%
SIGI	C	-0.06%
LHX	C	-0.05%
ALL	A	-0.04%