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FlexShares High Yield Value-Scored US Bond
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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) | $39 |
| Currency | USD |
| Expense ratio | 37 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Fundamental |
| Index replication |
| No. of constituents | 357 |
| No of distinct issuers | 334 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 6% /94% |
| Non-standard maturity (callable, etc.) | 95% |
| 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 % |
|---|
| CCO HOLDINGS LLC | 2.3% |
| SPRINT CAPITAL CORP. | 2.0% |
| DISH DBS CORPORATION | 1.8% |
| TRANSDIGM, INC. | 1.2% |
| T-MOBILE USA, INC. | 1.2% |
 |
UNITED STATES | 82.6 % |
 |
CANADA | 5.0 % |
 |
UNITED KINGDOM | 2.1 % |
 |
NETHERLANDS | 1.5 % |
 |
LUXEMBOURG | 1.4 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 11.2% | -- | -- | -- | 6.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | -0.04 | 0% |
| S&P500 | 0.37 | 79% |
| MSCI EAFE | 0.46 | 77% |
| MSCI Emg. Mkts. | 0.33 | 56% |
| Recent close | $47.92 |
| 30d moving avg. | $48.18 |
| Annualized volatility | 7.9% |
| Short interest (ETF) | 10.3% |
| Relative strength (RSI) | 43 |
| Avg. volume (thou.) | 14 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 1.6% |
| Bid/Ask (% of price) | 0.11 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYGV | 4.5 yrs | Category Avg.* |
4.7 yrs |
| HYGV | 4.3% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.31% | -12.6% | $41.90 |
| +200 bp | 9.31% | -8.5% | $43.86 |
| +150 bp | 8.81% | -6.4% | $44.86 |
| +100 bp | 8.31% | -4.3% | $45.87 |
| +75 bp | 8.06% | -3.2% | $46.37 |
| +50 bp | 7.81% | -2.2% | $46.88 |
| +25 bp | 7.56% | -1.1% | $47.40 |
| 0 bp | 7.31% | 0% | $47.92 |
| -25 bp | 7.06% | 1.1% | $48.43 |
| -50 bp | 6.81% | 2.2% | $48.96 |
| -75 bp | 6.56% | 3.3% | $49.48 |
| -100 bp | 6.31% | 4.4% | $50.01 |
| -150 bp | 5.81% | 6.6% | $51.07 |
| -200 bp | 5.31% | 8.8% | $52.15 |
| -300 bp | 4.31% | 13.4% | $54.33 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
731 | bp |
| Less: Annual "default factor" |
348 | bp |
| Less: Expense ratio | 37 | bp |
| Equals: ALTAR Score | 3.46 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.3% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The FlexShares High Yield Value-Scored US Bond is classified as a Corporate fund. | |