FlexShares Credit-Scored US Corporate Bond Index FundFlexShares Credit-Scored US Corporate Bond Index FundFlexShares Credit-Scored US Corporate Bond Index Fund

FlexShares Credit-Scored US Corporate Bond Index Fund

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Key stats

Assets under management (AUM)
‪381.87 M‬USD
Fund flows (1Y)
‪138.84 M‬USD
Dividend yield (indicated)
4.48%
Discount/Premium to NAV
0.1%

About FlexShares Credit-Scored US Corporate Bond Index Fund

Issuer
Northern Trust Corp.
Brand
FlexShares
Expense ratio
0.15%
Inception date
Nov 12, 2014
Index tracked
NorthernTrustUS Corporate Bond Quality Value Index
Management style
Passive
SKOR is passively managed to provide investors a smart beta-type exposure to the intermediate-term, investment-grade corporate space. The fund's underlying index uses a proprietary methodology based on the combined value and quality scores to select and weight securities. The value score is the securitys relative valuation based on market and fundamental measures. The quality score is based on financial activities, profitability and solvency. The index looks to select higher quality securities that are trading at a level perceived to be a better value than their fundamentals imply. The objective of the fund is to provide a higher total return than the broader investment-grade corporate bond market. Eligible bonds must have final maturity between one to ten years. Prior to May 1, 2020, SKOR tracked the Northern Trust Credit-Scored US Corporate Bond Index.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
Investment grade
Niche
Intermediate
Strategy
Fundamental
Weighting scheme
Fundamental
Selection criteria
Fundamental

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of May 16, 2024
Exposure type
StocksBonds, Cash & Other
Corporate
Stocks0.13%
Energy Minerals0.08%
Finance0.04%
Bonds, Cash & Other99.87%
Corporate99.79%
Miscellaneous0.08%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows