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FlexShares High Yield Value-Scored US Bond Index Fund
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| HYGV tracks a proprietary index of US-dollar-denominated high-yield corporate bonds selected based on value and liquidity. |
| Category | Corporate |
| Fund Sponsor | FlexShares |
| Website | www.flexshares.com |
| Inception date | Jul 17, 2018 |
| Assets (mns) | $1,375 |
| Currency | USD |
| Expense ratio | 37 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Fundamental |
| Index replication |
| No. of constituents | 988 |
| No of distinct issuers | 667 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 97% |
| T-MOBILE USA, INC. 6.5% 1/15/26 | 1.3 % |
| TENET HEALTHCARE CORP 8.1% 4/01/22 | 1.2 % |
| PANTHER BF AGGREGATOR 8.5% 5/15/27 | 1.0 % |
| SPRINT CAPITAL CORP. 8.8% 3/15/32 | 0.9 % |
| VRX ESCROW CORP. 6.1% 4/15/25 | 0.9 % |
| SPRINGLEAF FINANCE CO 8.3% 1/01/23 | 0.9 % |
| DISH DBS CORPORATION 7.8% 7/01/26 | 0.9 % |
| TRANSDIGM, INC. 6.4% 6/15/26 | 0.8 % |
| BAUSCH HEALTH COMPANI 8.5% 1/31/27 | 0.8 % |
| CSC HOLDINGS, LLC 6.8% 11/15/21 | 0.8 % |
| TOTAL | 9.5 % |
|---|
| FORD MOTOR CREDIT COMPANY LLC | 1.6% |
| DISH DBS CORPORATION | 1.3% |
| TRANSDIGM, INC. | 1.3% |
| CCO HOLDINGS LLC | 1.0% |
| ALTICE FRANCE SA | 1.0% |
 |
UNITED STATES | 80.8 % |
 |
CANADA | 7.1 % |
 |
UNITED KINGDOM | 1.9 % |
 |
LUXEMBOURG | 1.8 % |
 |
FRANCE | 1.3 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 2.1% | 11.9% | 4.4% | -- | 4.5% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.99 | 58% |
| S&P500 | 0.45 | 73% |
| MSCI EAFE | 0.47 | 73% |
| MSCI Emg. Mkts. | 0.33 | 39% |
| Recent close | $40.30 |
| 30d moving avg. | $39.87 |
| Annualized volatility | 9.3% |
| Short interest (ETF) | 1.3% |
| Relative strength (RSI) | 69 |
| Avg. volume (thou.) | 362 |
| Avg. daily value traded (mns) | $15 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYGV | 4.2 yrs | Category Avg.* |
4.6 yrs |
| HYGV | 4.0% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 13.50% | -16.9% | $33.47 |
| +200 bp | 12.50% | -10.2% | $36.17 |
| +150 bp | 12.00% | -7.3% | $37.36 |
| +100 bp | 11.50% | -4.6% | $38.45 |
| +75 bp | 11.25% | -3.3% | $38.95 |
| +50 bp | 11.00% | -2.2% | $39.43 |
| +25 bp | 10.75% | -1.0% | $39.87 |
| 0 bp | 10.50% | 0% | $40.30 |
| -25 bp | 10.25% | 1.0% | $40.69 |
| -50 bp | 10.00% | 1.9% | $41.06 |
| -75 bp | 9.75% | 2.7% | $41.40 |
| -100 bp | 9.50% | 3.5% | $41.71 |
| -150 bp | 9.00% | 4.9% | $42.26 |
| -200 bp | 8.50% | 6.0% | $42.70 |
| -300 bp | 7.50% | 7.4% | $43.26 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
1,050 | bp |
| Less: Annual "default factor" |
369 | bp |
| Less: Expense ratio | 37 | bp |
| Equals: ALTAR Score | 6.44 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The FlexShares High Yield Value-Scored US Bond Index Fund is classified as a Corporate fund. | |