VCSH vs. LKOR ETF Comparison

Comparison of Vanguard Short-Term Corporate Bond ETF (VCSH) to FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

VCSH

Vanguard Short-Term Corporate Bond ETF

VCSH Description

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities between 1 and 5 years. At least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.17

Average Daily Volume

2,792,762

Number of Holdings ^*

443

* 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

$43.00

Average Daily Volume

6,834

Number of Holdings ^*

163

* may have additional holdings in another (foreign) market

Performance

Period	VCSH	LKOR
30 Days	-0.10%	-0.56%
60 Days	-0.93%	-5.06%
90 Days	0.07%	-3.66%
12 Months	6.91%	9.17%

143 Overlapping Holdings

	Symbol	Grade	Weight in VCSH	Weight in LKOR	Overlap
	AAPL	C	0.03%	0.17%	0.03%
	ABBV	D	0.02%	0.33%	0.02%
	AEE	A	0.01%	0.24%	0.01%
	AEP	D	0.01%	0.28%	0.01%
	AFL	B	0.02%	0.12%	0.02%
	AIG	B	0.06%	0.23%	0.06%
	AIZ	A	0.02%	0.18%	0.02%
	ALL	A	0.01%	0.04%	0.01%
	AMGN	D	0.01%	0.23%	0.01%
	AMT	D	0.01%	0.27%	0.01%
	AMZN	C	0.04%	0.18%	0.04%
	AON	A	0.01%	0.13%	0.01%
	APTV	D	0.03%	0.13%	0.03%
	ARE	D	0.01%	0.18%	0.01%
	ATO	A	0.03%	0.23%	0.03%
	AVGO	D	0.01%	0.2%	0.01%
	BA	F	0.01%	0.37%	0.01%
	BABA	D	0.02%	0.11%	0.02%
	BAC	A	0.01%	0.23%	0.01%
	BDX	F	0.02%	0.23%	0.02%
	BHP	F	0.01%	0.24%	0.01%
	BIIB	F	0.08%	0.09%	0.08%
	BWA	D	0.02%	0.11%	0.02%
	C	A	0.02%	0.21%	0.02%
	CAG	D	0.01%	0.24%	0.01%
	CAH	B	0.02%	0.31%	0.02%
	CCI	D	0.02%	0.19%	0.02%
	CHD	B	0.01%	0.11%	0.01%
	CHTR	C	0.07%	0.26%	0.07%
	CMCSA	B	0.03%	0.24%	0.03%
	CMS	C	0.01%	0.24%	0.01%
	CP	D	0.01%	0.29%	0.01%
	CPB	D	0.02%	0.18%	0.02%
	CSCO	B	0.02%	0.23%	0.02%
	CSX	B	0.02%	0.12%	0.02%
	CVS	D	0.02%	0.36%	0.02%
	D	C	0.01%	0.23%	0.01%
	DG	F	0.01%	0.11%	0.01%
	DHR	F	0.02%	0.1%	0.02%
	DOV	A	0.02%	0.24%	0.02%
	DOW	F	0.01%	0.32%	0.01%
	DUK	C	0.01%	0.5%	0.01%
	EA	A	0.02%	0.09%	0.02%
	EBAY	D	0.03%	0.18%	0.03%
	ED	D	0.01%	0.29%	0.01%
	EFX	F	0.02%	0.13%	0.02%
	EIX	B	0.01%	0.21%	0.01%
	EL	F	0.03%	0.21%	0.03%
	EMR	A	0.01%	0.12%	0.01%
	EPD	A	0.03%	0.18%	0.03%
	EXC	C	0.01%	0.22%	0.01%
	FITB	A	0.03%	0.39%	0.03%
	FMC	D	0.01%	0.11%	0.01%
	FOXA	B	0.04%	0.24%	0.04%
	FTV	C	0.04%	0.05%	0.04%
	GILD	C	0.04%	0.35%	0.04%
	GM	B	0.02%	0.13%	0.02%
	GOOGL	C	0.04%	0.12%	0.04%
	GS	A	0.01%	0.21%	0.01%
	GWW	B	0.02%	0.24%	0.02%
	HAL	C	0.03%	0.14%	0.03%
	HAS	D	0.03%	0.13%	0.03%
	HCA	F	0.06%	0.24%	0.06%
	HD	A	0.01%	0.19%	0.01%
	HON	B	0.01%	0.25%	0.01%
	HPE	B	0.03%	0.37%	0.03%
	HPQ	B	0.05%	0.24%	0.05%
	HSBC	B	0.01%	0.48%	0.01%
	HUM	C	0.02%	0.07%	0.02%
	IBM	C	0.02%	0.23%	0.02%
	IFF	D	0.01%	0.12%	0.01%
	INTC	D	0.03%	0.37%	0.03%
	IPG	D	0.01%	0.12%	0.01%
	ITW	B	0.04%	0.06%	0.04%
	JCI	C	0.02%	0.13%	0.02%
	JEF	A	0.03%	0.26%	0.03%
	JNJ	D	0.02%	0.12%	0.02%
	JPM	A	0.01%	0.09%	0.01%
	KDP	D	0.02%	0.24%	0.02%
	KIM	A	0.01%	0.1%	0.01%
	KLAC	D	0.06%	0.2%	0.06%
	KMB	D	0.01%	0.26%	0.01%
	KMI	A	0.02%	0.19%	0.02%
	KO	D	0.06%	0.19%	0.06%
	LH	C	0.01%	0.23%	0.01%
	LHX	C	0.02%	0.05%	0.02%
	LMT	D	0.05%	0.24%	0.05%
	LNT	A	0.02%	0.4%	0.02%
	LOW	D	0.01%	0.25%	0.01%
	LYB	F	0.02%	0.23%	0.02%
	MA	C	0.04%	0.22%	0.04%
	MCD	D	0.01%	0.12%	0.01%
	MCK	B	0.01%	0.23%	0.01%
	MCO	B	0.02%	0.12%	0.02%
	MDLZ	F	0.01%	0.09%	0.01%
	MET	A	0.02%	0.14%	0.02%
	MLM	B	0.01%	0.11%	0.01%
	MMC	B	0.01%	0.24%	0.01%
	MMM	D	0.01%	0.26%	0.01%
	MO	A	0.01%	0.2%	0.01%
	MS	A	0.03%	0.14%	0.03%
	MSFT	F	0.04%	0.1%	0.04%
	NDAQ	A	0.01%	0.19%	0.01%
	NEM	D	0.01%	0.24%	0.01%
	NI	A	0.05%	0.37%	0.05%
	NNN	D	0.02%	0.29%	0.02%
	NOC	D	0.05%	0.26%	0.05%
	NSC	B	0.01%	0.12%	0.01%
	NVDA	C	0.02%	0.21%	0.02%
	OC	A	0.01%	0.11%	0.01%
	OKE	A	0.02%	0.24%	0.02%
	ORCL	B	0.05%	0.25%	0.05%
	OTIS	C	0.07%	0.1%	0.07%
	PAA	B	0.01%	0.2%	0.01%
	PCG	A	0.01%	0.09%	0.01%
	PM	B	0.02%	0.7%	0.02%
	PRU	A	0.03%	0.11%	0.03%
	RF	A	0.04%	0.28%	0.04%
	RPM	A	0.01%	0.1%	0.01%
	RPRX	D	0.04%	0.09%	0.04%
	SBUX	A	0.02%	0.23%	0.02%
	SCCO	F	0.01%	0.64%	0.01%
	SHW	A	0.02%	0.21%	0.02%
	SO	D	0.01%	0.11%	0.01%
	SPGI	C	0.03%	0.16%	0.03%
	SRE	A	0.01%	0.21%	0.01%
	STZ	D	0.02%	0.19%	0.02%
	T	A	0.01%	0.09%	0.01%
	TEL	B	0.01%	0.28%	0.01%
	TT	A	0.02%	0.12%	0.02%
	TXN	C	0.01%	0.23%	0.01%
	UNH	C	0.01%	0.16%	0.01%
	UNP	C	0.01%	0.16%	0.01%
	V	A	0.13%	0.4%	0.13%
	VRSK	A	0.05%	0.1%	0.05%
	VTR	C	0.02%	0.12%	0.02%
	VZ	C	0.06%	0.18%	0.06%
	WBA	F	0.06%	0.1%	0.06%
	WEC	A	0.02%	0.24%	0.02%
	WELL	A	0.01%	0.12%	0.01%
	WFC	A	0.01%	0.25%	0.01%
	XOM	B	0.02%	0.12%	0.02%
	ZTS	D	0.04%	0.19%	0.04%

VCSH Overweight 300 Positions Relative to LKOR

	Symbol	Grade	Weight
	TAP	C	0.1%
	CARR	D	0.09%
	MDT	D	0.08%
	DD	D	0.08%
	STLA	F	0.07%
	ETN	A	0.07%
	COST	B	0.06%
	OMC	C	0.06%
	ADP	B	0.05%
	ADM	D	0.05%
	CRM	B	0.05%
	DLTR	F	0.05%
	BLK	C	0.05%
	TGT	F	0.05%
	NTRS	A	0.04%
	VFC	C	0.04%
	TJX	A	0.04%
	WLK	D	0.04%
	WB	D	0.04%
	ARCC	A	0.04%
	QCOM	F	0.04%
	GSK	F	0.04%
	MRK	F	0.04%
	AZN	D	0.04%
	TMUS	B	0.04%
	JNPR	F	0.03%
	JBHT	C	0.03%
	DLR	B	0.03%
	MSI	B	0.03%
	EMN	D	0.03%
	AMAT	F	0.03%
	FDX	B	0.03%
	WAB	B	0.03%
	SWKS	F	0.03%
	CME	A	0.03%
	AGR	B	0.03%
	HRL	D	0.03%
	JD	D	0.03%
	MHK	D	0.03%
	NUE	C	0.03%
	DXC	B	0.03%
	WAL	B	0.03%
	BAX	D	0.03%
	CNO	A	0.03%
	SNX	C	0.03%
	PVH	C	0.03%
	PHM	D	0.03%
	GIS	D	0.03%
	BXP	D	0.03%
	ADBE	C	0.03%
	GLPI	C	0.03%
	BG	F	0.03%
	SYY	B	0.03%
	SWK	D	0.03%
	SYF	B	0.03%
	MOS	F	0.03%
	MU	D	0.03%
	PYPL	B	0.03%
	PFE	D	0.03%
	STT	A	0.03%
	VLO	C	0.03%
	WMB	A	0.03%
	GPN	B	0.03%
	DIS	B	0.03%
	MPLX	A	0.03%
	FIS	C	0.03%
	BERY	B	0.03%
	CB	C	0.03%
	AER	B	0.03%
	MPC	D	0.03%
	AXP	A	0.03%
	VTRS	A	0.03%
	WPC	D	0.02%
	SKT	B	0.02%
	RL	B	0.02%
	THG	A	0.02%
	UNM	A	0.02%
	VNT	B	0.02%
	STLD	B	0.02%
	CF	B	0.02%
	BKU	A	0.02%
	CDNS	B	0.02%
	A	D	0.02%
	BEN	C	0.02%
	CPT	B	0.02%
	GBDC	C	0.02%
	BC	C	0.02%
	ALLE	D	0.02%
	HST	C	0.02%
	HP	B	0.02%
	HOG	D	0.02%
	INTU	C	0.02%
	L	A	0.02%
	GXO	B	0.02%
	KMPR	B	0.02%
	EQH	B	0.02%
	FTNT	C	0.02%
	FRT	B	0.02%
	SF	B	0.02%
	PSA	D	0.02%
	SBRA	C	0.02%
	TSLX	C	0.02%
	VNO	B	0.02%
	WM	A	0.02%
	BKH	A	0.02%
	APH	A	0.02%
	COKE	C	0.02%
	ALB	C	0.02%
	AWH	F	0.02%
	AFG	A	0.02%
	BRO	B	0.02%
	BR	A	0.02%
	CTVA	C	0.02%
	KEYS	A	0.02%
	GSBD	F	0.02%
	HRB	D	0.02%
	IP	B	0.02%
	ILMN	D	0.02%
	LLY	F	0.02%
	OCSL	F	0.02%
	LAZ	B	0.02%
	MRVL	B	0.02%
	K	A	0.02%
	KR	B	0.02%
	LRCX	F	0.02%
	ORI	A	0.02%
	DVN	F	0.02%
	PH	A	0.02%
	TDY	B	0.02%
	VOYA	B	0.02%
	EQR	B	0.02%
	LIN	D	0.02%
	OHI	C	0.02%
	LDOS	C	0.02%
	NTAP	C	0.02%
	IVZ	B	0.02%
	DOC	D	0.02%
	BRX	A	0.02%
	AES	F	0.02%
	CE	F	0.02%
	AN	C	0.02%
	CNA	B	0.02%
	CMI	A	0.02%
	EOG	A	0.02%
	NKE	D	0.02%
	DGX	A	0.02%
	FANG	D	0.02%
	FLEX	A	0.02%
	EXPE	B	0.02%
	CNH	C	0.02%
	ADI	D	0.02%
	ROST	C	0.02%
	NXPI	D	0.02%
	MTB	A	0.02%
	BKNG	A	0.02%
	ABT	B	0.02%
	ICE	C	0.02%
	FSK	A	0.02%
	GD	F	0.02%
	UPS	C	0.02%
	WEST	C	0.02%
	MKC	D	0.02%
	SPG	B	0.02%
	ET	A	0.02%
	EQIX	A	0.02%
	AL	B	0.02%
	CM	A	0.02%
	SLB	C	0.02%
	ZBH	C	0.02%
	PNC	B	0.02%
	LVS	C	0.02%
	CAT	B	0.02%
	USB	A	0.02%
	RTX	C	0.02%
	RY	A	0.02%
	PEP	F	0.02%
	CVX	A	0.02%
	TD	F	0.02%
	BMY	B	0.02%
	WMT	A	0.02%
	NVT	B	0.01%
	HIW	D	0.01%
	FE	C	0.01%
	FNB	A	0.01%
	CACC	D	0.01%
	VLY	B	0.01%
	JBL	B	0.01%
	KSS	F	0.01%
	G	B	0.01%
	AMD	F	0.01%
	EPR	D	0.01%
	NEU	C	0.01%
	UHS	D	0.01%
	UDR	B	0.01%
	VMC	B	0.01%
	WY	D	0.01%
	TKR	D	0.01%
	FAF	A	0.01%
	HUBB	B	0.01%
	LEG	F	0.01%
	JHG	A	0.01%
	HES	B	0.01%
	DAL	C	0.01%
	WHR	B	0.01%
	RNR	C	0.01%
	SNV	B	0.01%
	SLG	B	0.01%
	RS	B	0.01%
	PFG	D	0.01%
	BDN	C	0.01%
	BCSF	C	0.01%
	TME	D	0.01%
	RGA	A	0.01%
	SITC	D	0.01%
	TRMB	B	0.01%
	CL	D	0.01%
	CSL	C	0.01%
	FLS	B	0.01%
	CLX	B	0.01%
	AVB	B	0.01%
	GP	F	0.01%
	H	B	0.01%
	ES	D	0.01%
	OGS	A	0.01%
	LNC	B	0.01%
	PNW	B	0.01%
	ROK	B	0.01%
	PSEC	D	0.01%
	TXT	D	0.01%
	ADSK	A	0.01%
	FHN	A	0.01%
	CUBE	D	0.01%
	MAIN	A	0.01%
	MAA	B	0.01%
	LII	A	0.01%
	PDM	D	0.01%
	HSY	F	0.01%
	HII	D	0.01%
	KRC	C	0.01%
	MAR	B	0.01%
	NFG	A	0.01%
	ORLY	B	0.01%
	OPI	F	0.01%
	LEN	D	0.01%
	APD	A	0.01%
	CNP	B	0.01%
	DHI	D	0.01%
	AVT	C	0.01%
	PCAR	B	0.01%
	AMG	B	0.01%
	XEL	A	0.01%
	ARW	D	0.01%
	AZO	C	0.01%
	AWK	D	0.01%
	PPG	F	0.01%
	PKG	A	0.01%
	DE	A	0.01%
	UAL	A	0.01%
	WU	D	0.01%
	ROP	B	0.01%
	PPL	B	0.01%
	ESS	B	0.01%
	EVRG	A	0.01%
	AMP	A	0.01%
	SYK	C	0.01%
	R	B	0.01%
	PSX	C	0.01%
	PEG	A	0.01%
	DFS	B	0.01%
	DTE	C	0.01%
	O	D	0.01%
	MCHP	D	0.01%
	KEY	B	0.01%
	CMA	A	0.01%
	BSX	B	0.01%
	HBAN	A	0.01%
	CFG	B	0.01%
	BIDU	F	0.01%
	ETR	B	0.01%
	TSN	B	0.01%
	ALLY	C	0.01%
	BK	A	0.01%
	RSG	A	0.01%
	TMO	F	0.01%
	PG	A	0.01%
	NEE	D	0.01%
	SCHW	B	0.01%
	BNS	A	0.01%
	COP	C	0.01%
	COF	B	0.01%
	VOD	F	0.01%
	LUV	C	0.01%
	GE	D	0.01%
	TFC	A	0.01%
	DB	D	0.01%
	BMO	A	0.01%
	NWG	C	0.01%
	CI	F	0.01%
	MUFG	B	0.01%
	DELL	C	0.01%

VCSH Underweight 20 Positions Relative to LKOR

	Symbol	Grade	Weight
	ACGL	D	-0.55%
	KOF	F	-0.37%
	MKL	A	-0.24%
	PGR	A	-0.23%
	WRB	A	-0.23%
	MRO	B	-0.22%
	VMI	B	-0.22%
	EG	C	-0.2%
	HIG	B	-0.2%
	LEA	D	-0.18%
	REGN	F	-0.17%
	REG	B	-0.11%
	RJF	A	-0.11%
	MAS	D	-0.11%
	SJM	D	-0.1%
	ELV	F	-0.1%
	BHF	B	-0.1%
	WTW	B	-0.1%
	GLW	B	-0.1%
	SIGI	C	-0.06%

VCSH: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Credit Services Diversified Industrials Drug Manufacturers - Major Semiconductors REIT - Office REIT - Retail Specialty Chemicals Business Services Utilities - Diversified Aerospace & Defense Capital Markets Diagnostics & Research Insurance - Life Oil & Gas Midstream Packaged Foods Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Banking Electricity Dow Jones Component Real Estate Investment Trust Investment Bank Electronics Computing Insurance Products Cash Management Chemical Financial Products Aerospace Commercial Banking Semiconductor Disability

LKOR: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Global Capital Markets Diversified Industrials Drug Manufacturers - Major Insurance - Property & Casualty Health Care Plans Insurance - Diversified Insurance - Life Oil & Gas Midstream Railroads Semiconductors Specialty Chemicals Aerospace & Defense Auto Parts Beverages - Soft Drinks Building Materials Communication Equipment Household & Personal Products Insurance Brokers

Keywords: S&P 500 Nasdaq 100 Dow Jones Component Insurance Natural Gas Electricity Insurance Products Telecommunications Chemical Bank Computing Investment Bank Natural Gas Storage Disability Gas Transmission Work From Home Banking Biotechnology Natural Gas Transmission Risk Management Services