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FlexShares Credit-Scored US Corporate Bond Index Fund
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- 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) | $551 |
| 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% |
| 0.0% // | 0.5 % |
| 0.0% // | 0.4 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| 0.0% // | 0.3 % |
| TOTAL | 3.1 % |
|---|
| 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. |
| 2.1% | 2.6% | 0.5% | 2.6% | 2.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.73 | 88% |
| S&P500 | 0.25 | 47% |
| MSCI EAFE | 0.28 | 66% |
| MSCI Emg. Mkts. | 0.25 | 57% |
| Recent close | $49.06 |
| 30d moving avg. | $48.72 |
| Annualized volatility | 5.6% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 60 |
| Avg. volume (thou.) | 39 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 0.3% |
| Bid/Ask (% of price) | 0.05 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| SKOR | 4.7 yrs | Category Avg.* |
4.7 yrs |
| SKOR | 4.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 7.65% | -15.8% | $41.30 |
| +200 bp | 6.65% | -10.1% | $44.13 |
| +150 bp | 6.15% | -7.4% | $45.45 |
| +100 bp | 5.65% | -4.8% | $46.72 |
| +75 bp | 5.40% | -3.5% | $47.32 |
| +50 bp | 5.15% | -2.3% | $47.92 |
| +25 bp | 4.90% | -1.1% | $48.50 |
| 0 bp | 4.65% | 0% | $49.06 |
| -25 bp | 4.40% | 1.1% | $49.61 |
| -50 bp | 4.15% | 2.2% | $50.14 |
| -75 bp | 3.90% | 3.3% | $50.66 |
| -100 bp | 3.65% | 4.3% | $51.16 |
| -150 bp | 3.15% | 6.2% | $52.12 |
| -200 bp | 2.65% | 8.1% | $53.02 |
| -300 bp | 1.65% | 11.4% | $54.64 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
465 | bp |
| Less: Annual "default factor" |
20 | bp |
| Less: Expense ratio | 22 | bp |
| Equals: ALTAR Score | 4.23 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.9% |
| Corporate | 3.8% |
| Emerging Market | 5.4% |
| Government | 6.9% |
| Inflation Protected | 2.1% |
| Mortgage | 4.8% |
| Municipals | 3.4% |
| *Note: The FlexShares Credit-Scored US Corporate Bond Index Fund is classified as a Corporate fund. | |