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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) | $1,298 |
| 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% |
| 0.0% // | 1.3 % |
| 0.0% // | 1.3 % |
| 0.0% // | 1.2 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.8 % |
| 0.0% // | 0.7 % |
| 0.0% // | 0.7 % |
| 0.0% // | 0.7 % |
| 0.0% // | 0.6 % |
| 0.0% // | 0.6 % |
| TOTAL | 8.8 % |
|---|
| 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. |
| 2.9% | 7.0% | 5.5% | -- | 4.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.85 | 65% |
| S&P500 | 0.42 | 79% |
| MSCI EAFE | 0.37 | 62% |
| MSCI Emg. Mkts. | 0.25 | 30% |
| Recent close | $40.80 |
| 30d moving avg. | $40.35 |
| Annualized volatility | 7.7% |
| Short interest (ETF) | 0.2% |
| Relative strength (RSI) | 62 |
| Avg. volume (thou.) | 105 |
| Avg. daily value traded (mns) | $4 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYGV | 4.2 yrs | Category Avg.* |
4.7 yrs |
| HYGV | 4.0% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 13.29% | -16.9% | $33.89 |
| +200 bp | 12.29% | -10.2% | $36.63 |
| +150 bp | 11.79% | -7.3% | $37.83 |
| +100 bp | 11.29% | -4.6% | $38.93 |
| +75 bp | 11.04% | -3.3% | $39.44 |
| +50 bp | 10.79% | -2.2% | $39.92 |
| +25 bp | 10.54% | -1.0% | $40.37 |
| 0 bp | 10.29% | 0% | $40.80 |
| -25 bp | 10.04% | 1.0% | $41.20 |
| -50 bp | 9.79% | 1.9% | $41.57 |
| -75 bp | 9.54% | 2.7% | $41.92 |
| -100 bp | 9.29% | 3.5% | $42.24 |
| -150 bp | 8.79% | 4.9% | $42.79 |
| -200 bp | 8.29% | 6.0% | $43.24 |
| -300 bp | 7.29% | 7.4% | $43.80 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
1,029 | bp |
| Less: Annual "default factor" |
369 | bp |
| Less: Expense ratio | 37 | bp |
| Equals: ALTAR Score | 6.23 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.7% |
| Government | 7.4% |
| Inflation Protected | 2.4% |
| Mortgage | 5.0% |
| Municipals | 3.5% |
| *Note: The FlexShares High Yield Value-Scored US Bond Index Fund is classified as a Corporate fund. | |