FlexShares High Yield Value-Scored Bond Index FundFlexShares High Yield Value-Scored Bond Index FundFlexShares High Yield Value-Scored Bond Index Fund

FlexShares High Yield Value-Scored Bond Index Fund

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Key stats


Assets under management (AUM)
‪1.47 B‬USD
Fund flows (1Y)
‪71.54 M‬USD
Dividend yield (indicated)
7.43%
Discount/Premium to NAV
−0.07%

About FlexShares High Yield Value-Scored Bond Index Fund


Issuer
Northern Trust Corp.
Brand
FlexShares
Expense ratio
0.37%
Inception date
Jul 17, 2018
Index tracked
Northern Trust High Yield Value-Scored US Corporate Bond Total Return
Management style
Passive
HYGV focuses on USD-denominated high-yield corporate bonds of varied maturities that maximize its exposure to a value-score factor relative to the eligible universe. Like some of its FlexShares siblings, HYGVs holdings are selected and optimized based on their exposure to quantitative factors such as value, credit, and liquidity. Optimization also includes several constraints on exposure to specific security, issuer, sector, credit, and liquidity factors. For example, the securities that fall in the bottom 5% of each sector in terms of liquidity are removed from the portfolio. Securities from issuers that fall in the lowest decile for credit score are also removed. HYGVs portfolio is weighted to match the effective duration of the parent index and is reconstituted monthly.

Classification


Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Fundamental
Weighting scheme
Fundamental
Selection criteria
Fundamental
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Bonds, Cash & Other100.00%
Corporate99.58%
Miscellaneous0.42%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.