SKORFlexShares Credit-Scored US Corporate Bond Index Fund

Get income11y track recordRanked #258 of 1,622 in this goal

Seeks investment results that correspond generally to the price and yield performance of the Northern Trust US Corporate Bond Quality Value Index.

By Flexshares Trust · Launched 2014

Annual Cost

0.15%

#740 of 5,562 · low cost

Fund Size

$734M

#1,289 of 5,562 · large

Dividend YieldGoal

4.68%

Track Record

11 years

#1,250 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,388+3.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Northern Trust US Corporate Bond Quality Value Index

What it actually holds

By weight

Concentration

Top 10 holdings = 18.4% of fund✓ well diversified

TD SECURITIES (USA) LLC

7.6%

CF SECURED LLC

6.2%

FNMA

1.7%

TD SECURITIES (USA) LLC

0.6%

Truist Financial Corp.

0.5%

HSBC Holdings plc

0.4%

Citigroup, Inc.

0.4%

JPMorgan Chase & Co.

0.4%

Citigroup, Inc.

0.3%

Bank of Nova Scotia (The)

0.3%

Asset allocation

Bonds

98.7%

Cash

1.0%

Convertible

0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-16.0%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.64Decent risk-adjusted returns

Sortino (3Y)

0.94Moderate downside risk

Bond profile

Duration

4.7 years

Avg maturity

9.9 years

Credit ratings

AAA

0.1%

6.1%

39.6%

BBB

54.2%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks investment results that correspond generally to the price and yield performance of the Northern Trust US Corporate Bond Quality Value Index.
Strategy: Invests primarily in U.S. dollar-denominated bonds of companies with investment grade credit quality, selected based on proprietary value and quality scores. The Fund uses a representative sampling strategy to manage its portfolio, aiming to maintain a similar effective duration profile to the Underlying Index. It generally invests at least 80% of total assets in securities of the Underlying Index and may concentrate investments in specific industries as per the Index's composition.
Inception date: November 12, 2014
Fund family: Flexshares Trust