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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) | $338 |
| 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 % |
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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. |
| 0.4% | 5.9% | 2.3% | -- | 2.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.83 | 95% |
| S&P500 | 0.25 | 51% |
| MSCI EAFE | 0.29 | 66% |
| MSCI Emg. Mkts. | 0.25 | 53% |
| Recent close | $46.82 |
| 30d moving avg. | $46.69 |
| Annualized volatility | 6.1% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 70 |
| Avg. volume (thou.) | 51 |
| Avg. daily value traded (mns) | $2 |
| Turnover | 0.7% |
| 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 | 8.49% | -15.8% | $39.41 |
| +200 bp | 7.49% | -10.1% | $42.11 |
| +150 bp | 6.99% | -7.4% | $43.37 |
| +100 bp | 6.49% | -4.8% | $44.58 |
| +75 bp | 6.24% | -3.5% | $45.16 |
| +50 bp | 5.99% | -2.3% | $45.73 |
| +25 bp | 5.74% | -1.1% | $46.28 |
| 0 bp | 5.49% | 0% | $46.82 |
| -25 bp | 5.24% | 1.1% | $47.34 |
| -50 bp | 4.99% | 2.2% | $47.85 |
| -75 bp | 4.74% | 3.3% | $48.34 |
| -100 bp | 4.49% | 4.3% | $48.82 |
| -150 bp | 3.99% | 6.2% | $49.74 |
| -200 bp | 3.49% | 8.1% | $50.60 |
| -300 bp | 2.49% | 11.4% | $52.14 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
549 | bp |
| Less: Annual "default factor" |
20 | bp |
| Less: Expense ratio | 22 | bp |
| Equals: ALTAR Score | 5.07 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.5% |
| Corporate | 4.5% |
| Emerging Market | 6.2% |
| Government | 4.8% |
| Inflation Protected | 3.0% |
| Mortgage | 5.2% |
| Municipals | 3.4% |
| *Note: The FlexShares Credit-Scored US Corporate Bond Index Fund is classified as a Corporate fund. | |