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FlexShares Credit-Scored US Long Corporate Bond Index Fund
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund tracks an index composed of U.S. corporate bonds with investment-grade ratings and a maturity of 10 or more years, optimized for fundamental factors and liquidity. |
| Category | Corporate |
| Fund Sponsor | Northern Trust |
| Website | www.flexshares.com |
| Inception date | Sep 23, 2015 |
| Assets (mns) | $44 |
| Currency | USD |
| Expense ratio | 22 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Multi-Factor |
| Index replication |
| No. of constituents | 458 |
| No of distinct issuers | 268 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 78% |
| 0.0% // | 1.1 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.5 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.4 % |
| TOTAL | 5.6 % |
|---|
| ENTERPRISE PRODUCTS OPERATING LLC | 2.0% |
| LOWE'S COMPANIES, INC. | 2.0% |
| BROADCOM INC. | 1.9% |
| ABBVIE INC. | 1.9% |
| WELLS FARGO & COMPANY | 1.7% |
 |
UNITED STATES | 86.8 % |
 |
CANADA | 3.6 % |
 |
BRAZIL | 1.0 % |
 |
NETHERLANDS | 0.9 % |
 |
UNITED KINGDOM | 0.8 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 8.7% | 4.0% | -3.2% | 3.1% | 3.1% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.99 | 77% |
| S&P500 | 0.23 | 18% |
| MSCI EAFE | 0.29 | 21% |
| MSCI Emg. Mkts. | 0.20 | 12% |
| Recent close | $42.89 |
| 30d moving avg. | $43.02 |
| Annualized volatility | 14.0% |
| Short interest (ETF) | 0.4% |
| Relative strength (RSI) | 50 |
| Avg. volume (thou.) | 4 |
| Avg. daily value traded (mns) | $0 |
| Turnover | 0.4% |
| Bid/Ask (% of price) | 0.12 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| LKOR | 13.6 yrs | Category Avg.* |
4.7 yrs |
| LKOR | 13.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 8.66% | -30.6% | $29.78 |
| +200 bp | 7.66% | -22.4% | $33.29 |
| +150 bp | 7.16% | -17.5% | $35.37 |
| +100 bp | 6.66% | -12.2% | $37.66 |
| +75 bp | 6.41% | -9.3% | $38.89 |
| +50 bp | 6.16% | -6.3% | $40.17 |
| +25 bp | 5.91% | -3.2% | $41.51 |
| 0 bp | 5.66% | 0% | $42.89 |
| -25 bp | 5.41% | 3.4% | $44.33 |
| -50 bp | 5.16% | 6.8% | $45.83 |
| -75 bp | 4.91% | 10.5% | $47.38 |
| -100 bp | 4.66% | 14.2% | $48.98 |
| -150 bp | 4.16% | 22.0% | $52.34 |
| -200 bp | 3.66% | 30.4% | $55.92 |
| -300 bp | 2.66% | 48.6% | $63.72 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
566 | bp |
| Less: Annual "default factor" |
24 | bp |
| Less: Expense ratio | 22 | bp |
| Equals: ALTAR Score | 5.20 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.2% |
| Government | 6.9% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.2% |
| *Note: The FlexShares Credit-Scored US Long Corporate Bond Index Fund is classified as a Corporate fund. | |