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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) | $31 |
| 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% |
| COMCAST CORPORATION 4.6% 1/15/38 | 1.5 % |
| JPMORGAN CHASE & CO. 4.3% 2/22/48 | 1.5 % |
| APPLE INC. 4.7% 2/23/46 | 1.4 % |
| VERIZON COMMUNICATION 4.8% 11/01/41 | 1.4 % |
| CONOCOPHILLIPS 5.9% 1/15/32 | 1.4 % |
| VERIZON COMMUNICATION 4.7% 3/15/55 | 1.3 % |
| GOLDMAN SACHS GROUP, 6.8% 1/01/37 | 1.3 % |
| CELGENE CORPORATION 5.0% 8/15/45 | 1.3 % |
| UNITED TECHNOLOGIES C 4.5% 6/01/42 | 1.2 % |
| GOLDMAN SACHS GROUP, 5.2% 5/22/45 | 1.2 % |
| TOTAL | 13.5 % |
|---|
| 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 % |
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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. |
| -1.1% | 5.0% | 1.8% | -- | 3.2% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 2.22 | 93% |
| S&P500 | 0.72 | 59% |
| MSCI EAFE | 0.79 | 67% |
| MSCI Emg. Mkts. | 0.71 | 58% |
| Recent close | $41.72 |
| 30d moving avg. | $41.74 |
| Annualized volatility | 16.5% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 74 |
| Avg. volume (thou.) | 2 |
| Avg. daily value traded (mns) | $0 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.15 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| LKOR | 13.6 yrs | Category Avg.* |
4.6 yrs |
| LKOR | 13.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.08% | -30.6% | $28.96 |
| +200 bp | 8.08% | -22.4% | $32.38 |
| +150 bp | 7.58% | -17.5% | $34.40 |
| +100 bp | 7.08% | -12.2% | $36.63 |
| +75 bp | 6.83% | -9.3% | $37.82 |
| +50 bp | 6.58% | -6.3% | $39.07 |
| +25 bp | 6.33% | -3.2% | $40.37 |
| 0 bp | 6.08% | 0% | $41.72 |
| -25 bp | 5.83% | 3.4% | $43.12 |
| -50 bp | 5.58% | 6.8% | $44.57 |
| -75 bp | 5.33% | 10.5% | $46.08 |
| -100 bp | 5.08% | 14.2% | $47.63 |
| -150 bp | 4.58% | 22.0% | $50.91 |
| -200 bp | 4.08% | 30.4% | $54.39 |
| -300 bp | 3.08% | 48.6% | $61.98 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
608 | bp |
| Less: Annual "default factor" |
24 | bp |
| Less: Expense ratio | 22 | bp |
| Equals: ALTAR Score | 5.62 | % |
| 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 Credit-Scored US Long Corporate Bond Index Fund is classified as a Corporate fund. | |