Key stats
About FlexShares High Yield Value-Scored Bond Index Fund
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Inception date
Jul 17, 2018
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Foreside Fund Services LLC
ISIN
US33939L6627
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.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
HYGV assets under management is 1.23 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
HYGV invests in bonds. See more details in our Analysis section.
HYGV expense ratio is 0.37%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, HYGV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, HYGV pays dividends to its holders with the dividend yield of 7.60%.
HYGV shares are issued by Northern Trust Corp.
HYGV follows the Northern Trust High Yield Value-Scored US Corporate Bond Total Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 17, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.