|
FlexShares Credit-Scored US Corporate Bond Index Fund
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The FlexShares Credit-Scored US Corporate Bond Index Fund tracks a proprietary intermediate maturity investment-grade corporate bond index, aiming for improved credit quality and underlying liquidity. |
| Category | Corporate |
| Fund Sponsor | Northern Trust |
| Website | www.flexshares.com |
| Inception date | Nov 12, 2014 |
| Assets (mns) | $453 |
| Currency | USD |
| Expense ratio | 22 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Proprietary |
| Index replication |
| No. of constituents | 1100 |
| No of distinct issuers | 506 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 22% /78% |
| Non-standard maturity (callable, etc.) | 87% |
| MORGAN STANLEY 2.8% 5/19/22 | 2.0 % |
| GOLDMAN SACHS GROUP, 5.8% 1/24/22 | 1.3 % |
| MORGAN STANLEY 3.8% 1/24/29 | 1.1 % |
| TRANSCANADA PIPELINES 2.5% 8/01/22 | 0.9 % |
| CAPITAL ONE FINANCIAL 3.2% 2/05/25 | 0.8 % |
| JPMORGAN CHASE & CO. 3.2% 6/15/26 | 0.8 % |
| JPMORGAN CHASE & CO. 3.1% 1/23/25 | 0.8 % |
| COMCAST CORPORATION 4.0% 1/15/25 | 0.8 % |
| GOLDMAN SACHS GROUP, 4.2% 5/01/29 | 0.7 % |
| BANK OF AMERICA CORPO 3.9% 8/01/25 | 0.7 % |
| TOTAL | 9.9 % |
|---|
| WELLS FARGO & COMPANY | 3.0% |
| JPMORGAN CHASE & CO. | 2.9% |
| CITIGROUP INC. | 2.8% |
| BANK OF AMERICA CORPORATION | 2.5% |
| APPLE INC. | 1.6% |
 |
UNITED STATES | 82.3 % |
 |
CANADA | 3.6 % |
 |
JAPAN | 2.9 % |
 |
UNITED KINGDOM | 2.4 % |
 |
BRITAIN | 1.0 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 4.1% | 11.2% | 1.9% | -- | 2.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.82 | 95% |
| S&P500 | 0.28 | 55% |
| MSCI EAFE | 0.30 | 66% |
| MSCI Emg. Mkts. | 0.28 | 58% |
| Recent close | $48.01 |
| 30d moving avg. | $48.64 |
| Annualized volatility | 6.5% |
| Short interest (ETF) | 0.4% |
| Relative strength (RSI) | 45 |
| Avg. volume (thou.) | 46 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 0.5% |
| Bid/Ask (% of price) | 0.05 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SKOR | 4.7 yrs | Category Avg.* |
4.6 yrs |
| SKOR | 4.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 8.03% | -15.8% | $40.41 |
| +200 bp | 7.03% | -10.1% | $43.18 |
| +150 bp | 6.53% | -7.4% | $44.48 |
| +100 bp | 6.03% | -4.8% | $45.71 |
| +75 bp | 5.78% | -3.5% | $46.31 |
| +50 bp | 5.53% | -2.3% | $46.89 |
| +25 bp | 5.28% | -1.1% | $47.46 |
| 0 bp | 5.03% | 0% | $48.01 |
| -25 bp | 4.78% | 1.1% | $48.55 |
| -50 bp | 4.53% | 2.2% | $49.07 |
| -75 bp | 4.28% | 3.3% | $49.57 |
| -100 bp | 4.03% | 4.3% | $50.07 |
| -150 bp | 3.53% | 6.2% | $51.01 |
| -200 bp | 3.03% | 8.1% | $51.89 |
| -300 bp | 2.03% | 11.4% | $53.47 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
503 | bp |
| Less: Annual "default factor" |
20 | bp |
| Less: Expense ratio | 22 | bp |
| Equals: ALTAR Score | 4.61 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The FlexShares Credit-Scored US Corporate Bond Index Fund is classified as a Corporate fund. | |