SPYV vs. SKOR ETF Comparison

Comparison of SPDR S&P 500 Value ETF (based on S&P 500 Value Index) (SPYV) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

SPYV

SPDR S&P 500 Value ETF (based on S&P 500 Value Index)

SPYV Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of large capitalization exchange traded U.S. equity securities exhibiting "value" characteristics. The fund employs a replication strategy in seeking to track the performance of the S&P 500 Value Index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the large-capitalization value sector in the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$52.69

Average Daily Volume

3,365,531

Number of Holdings ^*

431

* 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

$49.14

Average Daily Volume

42,813

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	SPYV	SKOR
30 Days	3.09%	1.48%
60 Days	4.98%	3.20%
90 Days	7.70%	4.07%
12 Months	25.84%	10.15%

214 Overlapping Holdings

Symbol	Grade	Weight in SPYV	Weight in SKOR	Overlap
A	C	0.19%	0.07%	0.07%
ABBV	C	1.05%	0.08%	0.08%
ADI	C	0.22%	0.15%	0.15%
ADP	B	0.34%	0.07%	0.07%
ADSK	C	0.13%	0.08%	0.08%
AEE	C	0.11%	0.25%	0.11%
AEP	C	0.26%	0.02%	0.02%
AFL	C	0.27%	0.04%	0.04%
AIG	D	0.24%	0.04%	0.04%
AIZ	B	0.05%	0.04%	0.04%
ALL	B	0.24%	0.15%	0.15%
ALLE	B	0.04%	0.07%	0.04%
AMCR	B	0.08%	0.12%	0.08%
AMGN	B	0.86%	0.11%	0.11%
AMP	A	0.1%	0.07%	0.07%
AMT	C	0.32%	0.13%	0.13%
AON	B	0.18%	0.09%	0.09%
APD	B	0.3%	0.19%	0.19%
APH	D	0.16%	0.11%	0.11%
ARE	C	0.09%	0.04%	0.04%
ATO	B	0.1%	0.17%	0.1%
AVB	B	0.16%	0.02%	0.02%
AVY	C	0.09%	0.02%	0.02%
AWK	B	0.14%	0.07%	0.07%
AXP	B	0.21%	0.07%	0.07%
AZO	D	0.08%	0.05%	0.05%
BA	F	0.26%	0.06%	0.06%
BAC	D	1.28%	0.0%	0.0%
BAX	C	0.1%	0.07%	0.07%
BDX	D	0.33%	0.08%	0.08%
BG	D	0.07%	0.08%	0.07%
BK	B	0.25%	0.05%	0.05%
BLK	B	0.6%	0.08%	0.08%
BMY	C	0.48%	0.1%	0.1%
BR	D	0.05%	0.08%	0.05%
BRO	C	0.03%	0.08%	0.03%
BWA	D	0.04%	0.13%	0.04%
BXP	B	0.06%	0.09%	0.06%
C	C	0.53%	0.08%	0.08%
CARR	B	0.16%	0.09%	0.09%
CB	B	0.57%	0.1%	0.1%
CBOE	C	0.04%	0.08%	0.04%
CCI	C	0.25%	0.18%	0.18%
CFG	C	0.09%	0.07%	0.07%
CHD	D	0.07%	0.18%	0.07%
CHTR	D	0.09%	0.2%	0.09%
CI	C	0.5%	0.14%	0.14%
CL	D	0.26%	0.09%	0.09%
CLX	C	0.1%	0.02%	0.02%
CMCSA	D	0.75%	0.14%	0.14%
CME	C	0.24%	0.12%	0.12%
CMI	C	0.2%	0.04%	0.04%
CMS	C	0.1%	0.08%	0.08%
CNP	C	0.09%	0.1%	0.09%
COF	B	0.26%	0.02%	0.02%
COST	B	1.14%	0.1%	0.1%
CPB	C	0.05%	0.06%	0.05%
CPT	B	0.06%	0.07%	0.06%
CSCO	C	0.98%	0.04%	0.04%
CSX	D	0.16%	0.04%	0.04%
CTAS	B	0.16%	0.02%	0.02%
CVS	D	0.35%	0.16%	0.16%
D	C	0.23%	0.08%	0.08%
DFS	B	0.07%	0.11%	0.07%
DG	F	0.09%	0.16%	0.09%
DGX	B	0.08%	0.07%	0.07%
DHR	B	0.87%	0.09%	0.09%
DIS	D	0.79%	0.09%	0.09%
DLR	B	0.15%	0.1%	0.1%
DLTR	F	0.07%	0.05%	0.05%
DOV	B	0.12%	0.07%	0.07%
DOW	D	0.17%	0.17%	0.17%
DTE	C	0.13%	0.09%	0.09%
DUK	C	0.43%	0.08%	0.08%
EA	D	0.1%	0.04%	0.04%
EBAY	B	0.16%	0.08%	0.08%
ECL	B	0.15%	0.06%	0.06%
ED	C	0.17%	0.11%	0.11%
EFX	B	0.11%	0.05%	0.05%
EIX	C	0.16%	0.04%	0.04%
ELV	C	0.62%	0.18%	0.18%
EMR	D	0.28%	0.07%	0.07%
EQIX	C	0.21%	0.0%	0.0%
EQR	B	0.13%	0.02%	0.02%
ES	C	0.12%	0.04%	0.04%
ESS	B	0.1%	0.07%	0.07%
EW	F	0.13%	0.08%	0.08%
FITB	B	0.14%	0.09%	0.09%
FMC	C	0.04%	0.07%	0.04%
FOXA	B	0.04%	0.25%	0.04%
GD	B	0.33%	0.14%	0.14%
GILD	B	0.5%	0.13%	0.13%
GIS	B	0.2%	0.08%	0.08%
GL	C	0.04%	0.06%	0.04%
GM	C	0.26%	0.2%	0.2%
GPN	D	0.14%	0.17%	0.14%
GS	C	0.74%	0.1%	0.1%
HBAN	B	0.1%	0.08%	0.08%
HCA	B	0.19%	0.03%	0.03%
HD	B	1.14%	0.0%	0.0%
HII	D	0.05%	0.04%	0.04%
HON	D	0.65%	0.04%	0.04%
HPQ	D	0.14%	0.07%	0.07%
HST	C	0.02%	0.09%	0.02%
HUBB	B	0.06%	0.07%	0.06%
HUM	F	0.19%	0.12%	0.12%
IBM	B	0.95%	0.09%	0.09%
INTC	F	0.4%	0.12%	0.12%
ITW	C	0.18%	0.07%	0.07%
JBHT	D	0.07%	0.12%	0.07%
JNJ	C	1.93%	0.18%	0.18%
JPM	D	2.88%	0.01%	0.01%
K	B	0.1%	0.11%	0.1%
KDP	B	0.19%	0.08%	0.08%
KEY	B	0.07%	0.08%	0.07%
KEYS	C	0.13%	0.08%	0.08%
KIM	C	0.08%	0.04%	0.04%
KMB	D	0.23%	0.08%	0.08%
KMI	B	0.2%	0.28%	0.2%
KO	C	0.82%	0.08%	0.08%
LEN	B	0.1%	0.32%	0.1%
LHX	C	0.21%	0.1%	0.1%
LMT	C	0.59%	0.23%	0.23%
LNT	B	0.07%	0.1%	0.07%
LOW	B	0.7%	0.04%	0.04%
MA	B	0.55%	0.04%	0.04%
MAA	B	0.09%	0.02%	0.02%
MAS	B	0.04%	0.19%	0.04%
MCD	B	0.57%	0.04%	0.04%
MCK	F	0.32%	0.09%	0.09%
MCO	B	0.19%	0.07%	0.07%
MDLZ	B	0.28%	0.07%	0.07%
MET	B	0.22%	0.09%	0.09%
MKC	C	0.1%	0.07%	0.07%
MLM	D	0.05%	0.09%	0.05%
MMC	C	0.26%	0.01%	0.01%
MMM	B	0.36%	0.08%	0.08%
MO	C	0.44%	0.1%	0.1%
MS	D	0.59%	0.04%	0.04%
MSI	B	0.15%	0.04%	0.04%
MU	F	0.47%	0.08%	0.08%
NDAQ	A	0.15%	0.08%	0.08%
NEE	C	0.83%	0.04%	0.04%
NI	B	0.07%	0.19%	0.07%
NOC	B	0.35%	0.19%	0.19%
NSC	C	0.28%	0.07%	0.07%
NTAP	D	0.07%	0.07%	0.07%
NXPI	F	0.07%	0.21%	0.07%
O	C	0.26%	0.12%	0.12%
OKE	B	0.1%	0.14%	0.1%
ORLY	C	0.09%	0.08%	0.08%
OTIS	C	0.11%	0.07%	0.07%
PCG	C	0.2%	0.07%	0.07%
PEG	B	0.2%	0.07%	0.07%
PEP	C	0.76%	0.24%	0.24%
PG	C	1.21%	0.06%	0.06%
PGR	B	0.35%	0.04%	0.04%
PH	B	0.08%	0.02%	0.02%
PKG	B	0.09%	0.07%	0.07%
PLD	C	0.59%	0.07%	0.07%
PM	C	0.59%	0.17%	0.17%
PNC	B	0.34%	0.03%	0.03%
PPG	D	0.14%	0.07%	0.07%
PRU	C	0.2%	0.0%	0.0%
PSA	B	0.16%	0.08%	0.08%
PYPL	B	0.36%	0.02%	0.02%
QCOM	D	0.43%	0.08%	0.08%
REG	C	0.06%	0.06%	0.06%
ROK	D	0.07%	0.06%	0.06%
ROP	C	0.16%	0.08%	0.08%
RSG	D	0.09%	0.04%	0.04%
SBUX	C	0.22%	0.09%	0.09%
SCHW	D	0.45%	0.04%	0.04%
SHW	B	0.21%	0.04%	0.04%
SJM	C	0.06%	0.04%	0.04%
SO	B	0.47%	0.1%	0.1%
SPG	B	0.16%	0.22%	0.16%
SPGI	B	0.45%	0.08%	0.08%
SRE	C	0.25%	0.07%	0.07%
STLD	F	0.03%	0.04%	0.03%
STT	A	0.12%	0.07%	0.07%
SWK	B	0.07%	0.11%	0.07%
SYF	C	0.09%	0.08%	0.08%
SYK	C	0.22%	0.03%	0.03%
T	C	0.75%	0.12%	0.12%
TDY	B	0.1%	0.14%	0.1%
TEL	D	0.13%	0.07%	0.07%
TFC	C	0.27%	0.06%	0.06%
TMO	B	0.71%	0.19%	0.19%
TMUS	C	0.51%	0.14%	0.14%
TPR	C	0.05%	0.19%	0.05%
TRMB	C	0.07%	0.1%	0.07%
TT	B	0.12%	0.08%	0.08%
TXN	C	0.55%	0.07%	0.07%
UNH	C	1.63%	0.02%	0.02%
UNP	C	0.41%	0.11%	0.11%
UPS	D	0.46%	0.08%	0.08%
USB	B	0.33%	0.07%	0.07%
V	C	0.74%	0.1%	0.1%
VLO	F	0.21%	0.08%	0.08%
VRSK	D	0.08%	0.1%	0.08%
VRSN	D	0.04%	0.19%	0.04%
VTR	C	0.13%	0.02%	0.02%
VZ	B	0.9%	0.03%	0.03%
WAB	B	0.14%	0.06%	0.06%
WEC	C	0.15%	0.17%	0.15%
WELL	C	0.37%	0.08%	0.08%
WFC	D	0.87%	0.07%	0.07%
WM	D	0.2%	0.13%	0.13%
WMT	C	1.65%	0.02%	0.02%
WTW	C	0.14%	0.06%	0.06%
WY	C	0.11%	0.1%	0.1%
XEL	B	0.17%	0.14%	0.14%
ZTS	C	0.19%	0.05%	0.05%

SPYV Overweight 217 Positions Relative to SKOR

Symbol	Grade	Weight
BRK.A	C	3.97%
XOM	C	2.43%
CVX	D	1.16%
ABT	C	0.99%
MRK	D	0.85%
PFE	C	0.8%
RTX	C	0.78%
MDT	C	0.58%
LIN	B	0.52%
GE	B	0.51%
ACN	C	0.49%
ICE	C	0.45%
CAT	B	0.34%
TGT	C	0.33%
FDX	C	0.31%
NEM	B	0.3%
ISRG	B	0.29%
SLB	F	0.28%
BSX	B	0.27%
PSX	F	0.26%
TRV	C	0.26%
NKE	D	0.26%
REGN	C	0.24%
FIS	B	0.23%
TJX	B	0.23%
JCI	B	0.23%
VRTX	D	0.22%
ETN	C	0.22%
DE	B	0.21%
KVUE	C	0.21%
STZ	D	0.2%
F	F	0.2%
SYY	D	0.19%
CTVA	B	0.19%
EXC	C	0.19%
CNC	D	0.19%
RMD	C	0.18%
KR	C	0.18%
GEHC	C	0.18%
COP	D	0.18%
EXR	B	0.18%
CTSH	C	0.18%
HIG	B	0.17%
OXY	F	0.17%
VICI	C	0.17%
CBRE	A	0.17%
GLW	C	0.16%
CEG	C	0.16%
BKR	C	0.16%
WMB	B	0.16%
GEV	B	0.16%
DD	B	0.16%
FCX	D	0.15%
XYL	C	0.15%
AJG	D	0.15%
KHC	C	0.14%
BIIB	F	0.14%
BX	B	0.14%
ADM	D	0.14%
ABNB	D	0.13%
ETR	B	0.13%
IFF	B	0.13%
IQV	C	0.13%
CAH	C	0.13%
MTB	B	0.13%
VLTO	C	0.12%
LYB	D	0.12%
HAL	F	0.12%
DVN	F	0.12%
FSLR	C	0.12%
MPC	F	0.12%
PAYX	C	0.12%
HPE	D	0.11%
RJF	C	0.11%
FE	C	0.11%
EOG	D	0.11%
SW	B	0.11%
MRNA	F	0.11%
TROW	D	0.11%
PPL	C	0.11%
EL	F	0.1%
FAST	C	0.1%
TER	D	0.1%
AME	C	0.1%
RF	B	0.1%
YUM	D	0.1%
BALL	C	0.1%
WDC	D	0.1%
LDOS	B	0.1%
INVH	C	0.1%
CINF	B	0.1%
ZBH	F	0.1%
TSN	C	0.09%
NTRS	A	0.09%
J	C	0.09%
CSGP	D	0.09%
IDXX	C	0.09%
APTV	D	0.09%
HSY	C	0.09%
MTD	D	0.09%
HOLX	B	0.09%
BBY	C	0.09%
GPC	D	0.09%
MSCI	C	0.09%
OMC	B	0.09%
EQT	D	0.09%
HWM	B	0.08%
DOC	C	0.08%
SWKS	D	0.08%
UAL	C	0.08%
EG	C	0.08%
TXT	D	0.08%
NRG	C	0.08%
IP	B	0.08%
ON	D	0.08%
IRM	C	0.08%
MCHP	F	0.08%
CDW	D	0.08%
WBD	D	0.08%
LUV	C	0.08%
ZBRA	B	0.08%
WRB	C	0.08%
TSCO	C	0.08%
PFG	B	0.08%
PCAR	D	0.07%
NDSN	C	0.07%
EVRG	B	0.07%
VTRS	D	0.07%
UDR	C	0.07%
UHS	B	0.07%
MNST	D	0.07%
L	C	0.07%
IEX	D	0.07%
CAG	C	0.07%
SBAC	C	0.07%
TFX	C	0.06%
STX	C	0.06%
TECH	C	0.06%
CHRW	B	0.06%
EMN	B	0.06%
IPG	C	0.06%
ANSS	D	0.06%
KMX	D	0.06%
FFIV	B	0.06%
WAT	C	0.06%
PWR	B	0.06%
TTWO	C	0.06%
NUE	F	0.06%
JNPR	B	0.06%
DAL	C	0.06%
JKHY	B	0.06%
AES	C	0.06%
GRMN	D	0.06%
SOLV	C	0.05%
MTCH	C	0.05%
MKTX	C	0.05%
NWSA	D	0.05%
PODD	B	0.05%
TAP	D	0.05%
CRL	F	0.05%
INCY	C	0.05%
QRVO	F	0.05%
PNW	C	0.05%
ALB	D	0.05%
LKQ	F	0.05%
STE	C	0.05%
DXCM	F	0.05%
GWW	B	0.05%
EXPD	C	0.05%
CTLT	B	0.05%
VMC	D	0.05%
ALGN	D	0.04%
AKAM	D	0.04%
MHK	C	0.04%
ROL	C	0.04%
SNA	C	0.04%
PTC	D	0.04%
MOS	F	0.04%
IR	C	0.04%
MOH	D	0.04%
DPZ	F	0.04%
FRT	C	0.04%
HSIC	C	0.04%
HAS	B	0.04%
DRI	B	0.04%
FDS	C	0.04%
ENPH	D	0.04%
HRL	C	0.04%
POOL	C	0.03%
LVS	D	0.03%
JBL	D	0.03%
CTRA	D	0.03%
BEN	F	0.03%
BBWI	F	0.03%
ULTA	D	0.03%
WBA	F	0.03%
CF	C	0.03%
BIO	C	0.03%
MRO	C	0.03%
EPAM	F	0.03%
AAL	D	0.03%
IVZ	B	0.03%
LW	D	0.02%
CZR	C	0.02%
GNRC	D	0.02%
ETSY	F	0.02%
AOS	D	0.02%
DVA	B	0.02%
DAY	D	0.02%
PNR	B	0.02%
PAYC	D	0.02%
FOX	B	0.02%
CCL	C	0.02%
PARA	F	0.02%
MGM	F	0.01%
NWS	D	0.01%
RL	C	0.01%

SPYV Underweight 91 Positions Relative to SKOR

Symbol	Grade	Weight
PHM	B	-0.2%
PAA	C	-0.19%
TD	B	-0.17%
LII	B	-0.16%
ARW	C	-0.15%
RPRX	C	-0.14%
ALLY	F	-0.14%
WU	F	-0.13%
BRX	B	-0.12%
CM	B	-0.11%
BHP	D	-0.11%
MKL	C	-0.11%
NVT	D	-0.11%
AMZN	C	-0.11%
ATHS	B	-0.11%
ARCC	B	-0.11%
BMO	C	-0.11%
LH	C	-0.11%
ORCL	C	-0.11%
BIDU	D	-0.1%
BKU	C	-0.1%
INTU	C	-0.1%
VNT	F	-0.09%
THG	B	-0.09%
FHN	D	-0.09%
CMA	B	-0.09%
AGR	B	-0.09%
ADBE	F	-0.09%
FLO	C	-0.09%
LAZ	B	-0.09%
BNS	B	-0.09%
AAPL	C	-0.09%
AFG	B	-0.08%
AWH	F	-0.08%
FAF	B	-0.08%
LEA	F	-0.08%
CSL	B	-0.08%
KLAC	D	-0.08%
HP	F	-0.08%
ORI	B	-0.08%
H	C	-0.08%
DSS	F	-0.08%
AMH	C	-0.08%
DINO	F	-0.08%
WHR	D	-0.08%
NFG	B	-0.08%
JEF	B	-0.08%
GLPI	C	-0.08%
AVT	C	-0.07%
KMPR	D	-0.07%
DHI	B	-0.07%
SBRA	C	-0.07%
WB	D	-0.07%
CE	F	-0.07%
BKH	B	-0.07%
GSBD	D	-0.07%
CUBE	B	-0.07%
EPD	B	-0.07%
BABA	B	-0.07%
HSBC	B	-0.07%
SKT	B	-0.06%
SCS	D	-0.06%
WPC	C	-0.06%
AL	D	-0.06%
NNN	C	-0.06%
SITC	D	-0.05%
DT	C	-0.05%
RY	B	-0.05%
AER	B	-0.05%
PDM	B	-0.04%
HPP	D	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	C	-0.04%
RNR	C	-0.04%
RPM	B	-0.04%
AXS	B	-0.04%
HIW	B	-0.04%
MAR	C	-0.04%
KRC	B	-0.04%
MSFT	C	-0.04%
DB	B	-0.04%
AVGO	C	-0.04%
FLS	D	-0.03%
GOOGL	D	-0.03%
FNF	B	-0.03%
AAP	F	-0.02%
BDN	B	-0.02%
MUFG	D	-0.02%
CP	C	-0.01%
OHI	B	-0.0%