|
FlexShares High Yield Value-Scored US Bond Index Fund
|
|||||||||||||||||
- 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) | $167 |
| Currency | USD |
| Expense ratio | 37 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Fundamental |
| Index replication |
| No. of constituents | 631 |
| No of distinct issuers | 474 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 4% /96% |
| Non-standard maturity (callable, etc.) | 91% |
| 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 | 2.0% |
| DISH DBS CORPORATION | 1.9% |
| FORD MOTOR COMPANY | 1.7% |
| TRANSDIGM, INC. | 1.1% |
| PANTHER BF AGGREGATOR 2 LP | 1.0% |
 |
UNITED STATES | 83.9 % |
 |
CANADA | 4.6 % |
 |
LUXEMBOURG | 2.1 % |
 |
UNITED KINGDOM | 1.9 % |
 |
NETHERLANDS | 1.2 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| -5.0% | -1.1% | -- | -- | 2.5% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.58 | 2% |
| S&P500 | 0.53 | 71% |
| MSCI EAFE | 0.59 | 75% |
| MSCI Emg. Mkts. | 0.46 | 67% |
| Recent close | $45.04 |
| 30d moving avg. | $45.32 |
| Annualized volatility | 12.8% |
| Short interest (ETF) | 0.5% |
| Relative strength (RSI) | 58 |
| Avg. volume (thou.) | 19 |
| Avg. daily value traded (mns) | $1 |
| Turnover | 0.5% |
| Bid/Ask (% of price) | 0.18 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYGV | 4.7 yrs | Category Avg.* |
5.1 yrs |
| HYGV | 4.6% | Category Avg.* |
5.0% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 11.51% | -13.9% | $38.79 |
| +200 bp | 10.51% | -9.2% | $40.89 |
| +150 bp | 10.01% | -6.9% | $41.93 |
| +100 bp | 9.51% | -4.6% | $42.98 |
| +75 bp | 9.26% | -3.4% | $43.49 |
| +50 bp | 9.01% | -2.3% | $44.01 |
| +25 bp | 8.76% | -1.1% | $44.53 |
| 0 bp | 8.51% | 0% | $45.04 |
| -25 bp | 8.26% | 1.1% | $45.55 |
| -50 bp | 8.01% | 2.3% | $46.07 |
| -75 bp | 7.76% | 3.4% | $46.58 |
| -100 bp | 7.51% | 4.5% | $47.09 |
| -150 bp | 7.01% | 6.8% | $48.10 |
| -200 bp | 6.51% | 9.0% | $49.11 |
| -300 bp | 5.51% | 13.5% | $51.12 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
851 | bp |
| Less: Annual "default factor" |
378 | bp |
| Less: Expense ratio | 37 | bp |
| Equals: ALTAR Score | 4.36 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.2% |
| Corporate | 1.8% |
| Emerging Market | 3.9% |
| Government | 0.5% |
| Inflation Protected | 1.0% |
| Mortgage | 2.4% |
| Municipals | 2.2% |
| *Note: The FlexShares High Yield Value-Scored US Bond Index Fund is classified as a Corporate fund. | |