VCAR vs. LKOR ETF Comparison

Comparison of Simplify Volt RoboCar Disruption and Tech ETF (VCAR) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

VCAR

Simplify Volt RoboCar Disruption and Tech ETF

VCAR Description

The Simplify Volt Robocar Disruption and Tech ETF is not just another thematic investment product. VCAR is designed to concentrate in those few disruptive companies poised to dominate autonomous driving and then enhance the concentrated exposures with options. With our partner Volt Equity our investment process begins with a first principles approach to identify those few companies poised to lead the disruption. We then deploy a sophisticated option overlay to create convexity in the portfolio to enhance the upside while improving drawdowns.

Grade (RS Rating)

Last Trade

$10.81

Average Daily Volume

2,721

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

$45.54

Average Daily Volume

9,377

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	VCAR	LKOR
30 Days	2.64%	3.08%
60 Days	7.92%	3.88%
90 Days	-7.58%	8.01%
12 Months	30.78%	24.21%

11 Overlapping Holdings

Symbol	Grade	Weight in VCAR	Weight in LKOR	Overlap
AAPL	C	4.33%	0.17%	0.17%
AMZN	C	4.01%	0.18%	0.18%
BHP	B	0.33%	0.24%	0.24%
HPQ	C	0.2%	0.24%	0.2%
INTC	D	0.73%	0.37%	0.37%
KLAC	B	0.68%	0.2%	0.2%
KO	C	0.15%	0.19%	0.15%
MCO	D	0.15%	0.12%	0.12%
MSFT	D	7.44%	0.1%	0.1%
NVDA	C	22.01%	0.21%	0.21%
TXN	C	0.24%	0.23%	0.23%

VCAR Overweight 38 Positions Relative to LKOR

Symbol	Grade	Weight
AMD	D	11.04%
TSLA	C	6.98%
LMND	F	4.75%
ASML	F	4.28%
GOOG	B	3.97%
SQ	D	3.69%
META	A	2.68%
ADI	C	2.25%
NFLX	A	1.1%
AUR	C	0.81%
DIS	D	0.78%
COST	C	0.73%
MU	D	0.71%
LRCX	D	0.62%
SNPS	F	0.48%
MRVL	C	0.47%
AMKR	F	0.47%
CRWD	D	0.44%
NXPI	F	0.43%
ADSK	B	0.41%
RIO	A	0.35%
GFS	F	0.28%
VALE	B	0.27%
MCHP	F	0.26%
ARBE	F	0.22%
SQM	D	0.22%
PAYX	A	0.21%
RIVN	F	0.19%
VRSN	B	0.18%
ALB	D	0.17%
ANSS	D	0.17%
TSM	C	0.15%
AXP	A	0.11%
NIO	B	0.1%
ADBE	F	0.09%
LCID	D	0.09%
PANW	D	0.03%
DDOG	D	0.01%

VCAR Underweight 152 Positions Relative to LKOR

Symbol	Grade	Weight
PM	C	-0.7%
SCCO	B	-0.64%
ACGL	A	-0.55%
DUK	A	-0.5%
HSBC	B	-0.48%
LNT	A	-0.4%
V	C	-0.4%
FITB	C	-0.39%
KOF	D	-0.37%
BA	F	-0.37%
HPE	B	-0.37%
NI	A	-0.37%
CVS	D	-0.36%
GILD	A	-0.35%
ABBV	A	-0.33%
DOW	B	-0.32%
CAH	B	-0.31%
CP	C	-0.29%
NNN	A	-0.29%
ED	A	-0.29%
AEP	C	-0.28%
RF	C	-0.28%
TEL	D	-0.28%
AMT	C	-0.27%
KMB	B	-0.26%
JEF	A	-0.26%
MMM	C	-0.26%
NOC	B	-0.26%
CHTR	D	-0.26%
HON	C	-0.25%
LOW	A	-0.25%
ORCL	B	-0.25%
WFC	D	-0.25%
CAG	D	-0.24%
AEE	A	-0.24%
NEM	C	-0.24%
WEC	A	-0.24%
CMS	A	-0.24%
MMC	D	-0.24%
GWW	A	-0.24%
CMCSA	B	-0.24%
HCA	B	-0.24%
DOV	C	-0.24%
KDP	C	-0.24%
MKL	C	-0.24%
OKE	B	-0.24%
LMT	A	-0.24%
FOXA	A	-0.24%
LH	D	-0.23%
LYB	D	-0.23%
PGR	C	-0.23%
IBM	B	-0.23%
MCK	F	-0.23%
AIG	F	-0.23%
WRB	B	-0.23%
ATO	A	-0.23%
BDX	B	-0.23%
SBUX	B	-0.23%
AMGN	D	-0.23%
CSCO	A	-0.23%
BAC	D	-0.23%
D	A	-0.23%
MA	A	-0.22%
EXC	A	-0.22%
MRO	D	-0.22%
VMI	B	-0.22%
EL	D	-0.21%
SRE	A	-0.21%
GS	C	-0.21%
SHW	B	-0.21%
EIX	A	-0.21%
C	B	-0.21%
EG	B	-0.2%
HIG	A	-0.2%
AVGO	C	-0.2%
PAA	D	-0.2%
MO	D	-0.2%
STZ	B	-0.19%
NDAQ	C	-0.19%
ZTS	C	-0.19%
CCI	C	-0.19%
KMI	A	-0.19%
HD	A	-0.19%
LEA	F	-0.18%
EBAY	A	-0.18%
CPB	D	-0.18%
AIZ	A	-0.18%
ARE	D	-0.18%
EPD	A	-0.18%
VZ	A	-0.18%
REGN	D	-0.17%
SPGI	C	-0.16%
UNP	D	-0.16%
UNH	B	-0.16%
HAL	F	-0.14%
MS	B	-0.14%
MET	A	-0.14%
JCI	B	-0.13%
APTV	D	-0.13%
EFX	C	-0.13%
HAS	A	-0.13%
AON	A	-0.13%
GM	D	-0.13%
XOM	A	-0.12%
TT	A	-0.12%
WELL	C	-0.12%
IFF	C	-0.12%
VTR	C	-0.12%
GOOGL	B	-0.12%
EMR	B	-0.12%
IPG	C	-0.12%
AFL	A	-0.12%
NSC	C	-0.12%
JNJ	D	-0.12%
CSX	D	-0.12%
MCD	A	-0.12%
PRU	C	-0.11%
BWA	B	-0.11%
MLM	D	-0.11%
CHD	C	-0.11%
DG	F	-0.11%
REG	C	-0.11%
RJF	B	-0.11%
OC	C	-0.11%
MAS	A	-0.11%
FMC	B	-0.11%
SO	A	-0.11%
BABA	A	-0.11%
OTIS	A	-0.1%
VRSK	D	-0.1%
KIM	C	-0.1%
SJM	C	-0.1%
DHR	C	-0.1%
WBA	F	-0.1%
ELV	F	-0.1%
RPM	A	-0.1%
BHF	F	-0.1%
WTW	B	-0.1%
GLW	B	-0.1%
MDLZ	C	-0.09%
EA	D	-0.09%
BIIB	F	-0.09%
RPRX	B	-0.09%
PCG	B	-0.09%
JPM	D	-0.09%
T	A	-0.09%
HUM	F	-0.07%
ITW	A	-0.06%
SIGI	D	-0.06%
LHX	A	-0.05%
FTV	B	-0.05%
ALL	B	-0.04%