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FlexShares Credit-Scored US Corporate Bond Index Fund

Objective and Strategy

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM (Underlying Index).

Different, by Design

1. Identify a liquid universe of bonds with maturities from 2 to 10 years
2. Assess the current financial state of US issuers based on a proprietary credit score model
3. Optimize exposure to the credit score while maintaining market like duration and spread

Fund Facts

as of 08/18/2017
Inception11/12/2014
CUSIP33939L761
Total Net Assets$ 45,941,061.91
Shares Outstanding900,001
# of Holdings*310
Gross Expense Ratio.24%
Net Expense Ratio**.22%
Index ProviderNORTHERN TRUST
Primary ExchangeNASDAQ
MarginableN
Derivative UseN
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.

Tickers

ETF TickerSKOR
Related IndexNTUCCB
NAVSKOR.NV
IOPVSKOR.IV
Shares OutstandingSKOR.SO
Estimated CashSKOR.EU
Total CashSKOR.TC

Quality Allocations

  • S&P
  • Moody's
as of 08/18/2017% of Total
AAA1.53
AA11.98
A37.43
BBB48.06
Unclassified1.00
Total100.00
as of 08/18/2017% of Total
Aaa1.90
Aa10.15
A43.64
Baa43.04
Ba.09
Unclassified1.18
Total100.00

Fund Characteristics1

as of 08/17/2017
SEC Subsidized Yield2 (as of 07/31/2017)2.43%
SEC Unsubsidized Yield3
 (as of 07/31/2017)
2.42%
Distribution Yield42.51%
12-Month Dividend Yield52.40%
Weighted Avg Price102.97
Weighted Avg Yield to Worst2.64
Weighted Avg Yield to Maturity2.64%
Weighted Avg Coupon3.35
Weighted Average Maturity5.52
Weighted Avg Effective Duration4.86
Weighted Avg Option Adjusted Spread77.32
View Standardized Performance

Maturity (%)

as of 08/17/2017
0 - 2 Years1.55
2 - 3 Years11.94
3 - 5 Years35.21
5 - 7 Years22.30
7 - 10 Years28.24
10+ Years.76
Total100.00

SECTOR ALLOCATIONS

SUB-SECTOR ALLOCATIONS

COUNTRY ALLOCATIONS

.

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 11/13/2014, when the fund first traded on NASDAQ. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Definitions

1Glossary contains definitions of widely used investment terms found on this page.
2SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
3SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
4Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
512-Month Dividend Yield
This yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV.

Month End Performance (%)

as of 07/31/2017
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price.51.513.531.053.27
NAV.73.733.27.683.18
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR).79.793.481.033.51
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU).73.733.421.663.24

Quarter End Performance (%)

as of 06/30/2017
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price.181.913.001.003.18
NAV-.101.482.52.713.00
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR)-.071.532.671.093.32
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU)-.041.492.671.683.06
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 11/13/2014, when the fund first traded on NASDAQ. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Expense Ratios

as of 08/18/2017
Gross Expense Ratio.24%
Net Expense Ratio*.22%
*Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.


Definitions

  • Net Asset Value (NAV)
    NAV is a fund’s price per share, which is calculated by dividing the total value of all the securities in the fund’s portfolio plus cash, interest and receivables less any liabilities by the number of fund shares outstanding.
  • Market Price
    Because ETFs trade like stocks, ETF shares trade at market value on the secondary market, which can be a dollar value above (trading at a premium) or below (trading at a discount) the fund’s NAV.

Market Price

as of 08/18/2017
Price$51.12
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.10
Bid/Ask Midpoint$51.06
Closing Bid Price$51.00
Closing Ask Price$51.11

NAV Price

as of 08/18/2017
Price$51.05
Price $ Change$ .00
Price % Change .00%

Trading

as of 08/18/2017
52-Week High$52.23
52-Week Low$49.57
Premium/Discount$.01
Daily Trading Volume (Shares)189
Average Trading Volume (Shares)5,225
Shares Outstanding900,001

TOP TEN HOLDINGS

as of 08/17/2017
NameFund
Weight
%
Shares HeldCouponMaturitySector/Type  Credit
  Rating
  (S&P)
JPMORGAN CHASE & CO1.57287000002.5503/01/2021Financials  A-
CITIGROUP INC1.34546000002.6510/26/2020Financials  BBB+
JPMORGAN CHASE & CO1.17985200003.3805/01/2023Financials  BBB+
GOLDMAN SACHS GROUP INC/THE1.14225000003.6301/22/2023Financials  BBB+
VISA INC1.01634500002.8012/14/2022Consumer  A+
MORGAN STANLEY0.97864000005.7501/25/2021Financials  BBB+
GENERAL MOTORS FINANCIAL CO INC0.94664000004.3809/25/2021Industrial  BBB
BANK OF AMERICA CORP0.90374000003.3001/11/2023Financials  BBB+
GOLDMAN SACHS GROUP INC/THE0.89994000003.0004/26/2022Financials  BBB+
MORGAN STANLEY0.88854000002.6311/17/2021Financials  BBB+
PNC FUNDING CORP0.88403800003.3003/08/2022Financials  A-
SUMITOMO MITSUI FINANCIAL GROUP IN0.86984000002.0607/14/2021Financials  A-
BARCLAYS BANK PLC0.83943500005.1410/14/2020Financials  BBB-
APPLE INC0.78523500002.2502/23/2021Technology, Telecomm & Media  AA+
BANK OF AMERICA CORP0.77723500002.2504/21/2020Financials  BBB+
BANK OF AMERICA CORP0.75113200004.2008/26/2024Financials  BBB
BANK OF NEW YORK MELLON CORP/THE0.69693000003.6502/04/2024Financials  A
HSBC USA INC0.67353000002.7508/07/2020Financials  A
WESTPAC BANKING CORP0.67303000002.6011/23/2020Financials  AA-
ENERGY TRANSFER PARTNERS LP0.58842500004.6506/01/2021Energy  BBB-
SUMITOMO MITSUI FINANCIAL GROUP IN0.58472500003.7803/09/2026Financials  A-
CREDIT SUISSE GROUP FUNDING (GUERN0.58242500003.8009/15/2022Financials  BBB+
BANK OF AMERICA CORP0.58132550004.0001/22/2025Financials  BBB
JPMORGAN CHASE & CO0.58012500003.9007/15/2025Financials  A-
ACTAVIS FUNDING SCS0.57862500003.8003/15/2025Consumer  BBB
GOLDMAN SACHS GROUP INC/THE0.56992550003.5001/23/2025Financials  BBB+
CITIGROUP INC0.56762500003.5005/15/2023Financials  BBB
DISCOVER BANK0.56552500003.1006/04/2020Financials  BBB
ABBVIE INC0.56192500002.9011/06/2022Consumer  A-
BANK OF AMERICA CORP0.56002500003.1201/20/2023Financials  BBB+
SVENSKA HANDELSBANKEN AB0.56002500002.4503/30/2021Financials  AA-
ORACLE CORPORATION0.55942500002.5005/15/2022Technology, Telecomm & Media  AA-
SKANDINAVISKA ENSKILDA BANKEN AB0.55882500002.3003/11/2020Financials  A+
NATIONAL AUSTRALIA BANK LTD0.55802500002.6307/23/2020Financials  AA-
MORGAN STANLEY0.55582500002.7505/19/2022Financials  BBB+
AT&T INC0.55572500002.8002/17/2021Technology, Telecomm & Media  BBB+
UBS AG (STAMFORD BRANCH)0.55502500002.3808/14/2019Financials  A+
AT&T INC0.55482500002.4506/30/2020Technology, Telecomm & Media  BBB+
AUSTRALIA AND NEW ZEALAND BANKING0.55292500002.3006/01/2021Financials  AA-
VERIZON COMMUNICATIONS INC0.54912500003.3802/15/2025Technology, Telecomm & Media  
GOLDMAN SACHS GROUP INC/THE0.54822500002.3511/15/2021Financials  BBB+
ABBVIE INC0.54742400003.2011/06/2022Consumer  A-
JPMORGAN CHASE & CO0.54202500002.9510/01/2026Financials  A-
WELLS FARGO & CO0.53612250004.4801/16/2024Financials  A-
GILEAD SCIENCES INC0.51272250003.5002/01/2025Consumer  A
JPMORGAN CHASE & CO0.50912300003.1301/23/2025Financials  A-
APPLE INC0.50842300002.4005/03/2023Technology, Telecomm & Media  AA+
HSBC HOLDINGS PLC0.49712100004.0003/30/2022Financials  A
GOLDMAN SACHS GROUP INC/THE0.49432100004.0003/03/2024Financials  BBB+
JPMORGAN CHASE & CO0.49132200003.3004/01/2026Financials  A-
GENERAL MOTORS FINANCIAL CO INC0.48582000005.2503/01/2026Industrial  BBB
BP CAPITAL MARKETS PLC0.47942000004.5010/01/2020Energy  A-
MITSUBISHI UFJ FINANCIAL GROUP INC0.47092000003.8503/01/2026Financials  A
MORGAN STANLEY0.46662000003.7502/25/2023Financials  BBB+
AT&T INC0.46652000003.8003/15/2022Technology, Telecomm & Media  BBB+
WELLS FARGO & COMPANY0.46542000003.5003/08/2022Financials  A
HSBC HOLDINGS PLC0.46192000003.9005/25/2026Financials  A
BP CAPITAL MARKETS PLC0.46052000003.2505/06/2022Energy  A-
WELLS FARGO & COMPANY0.45932000003.5509/29/2025Financials  A
AERCAP IRELAND CAPITAL LTD / AERCA0.45882000003.9502/01/2022Financials  BBB-
KRAFT HEINZ FOODS CO0.45682000003.5007/15/2022Consumer  BBB-
MORGAN STANLEY0.45672000003.8801/27/2026Financials  BBB+
AMERICAN TOWER CORP0.45552000003.5001/31/2023Technology, Telecomm & Media  BBB-
ING GROEP NV0.45512000003.1503/29/2022Financials  A-
CAPITAL ONE FINANCIAL CORP0.45502000003.5006/15/2023Financials  BBB
ALIBABA GROUP HOLDING LTD0.45462000003.1311/28/2021Consumer  A+
MITSUBISHI UFJ FINANCIAL GROUP INC0.45422000002.9503/01/2021Financials  A
MIZUHO FINANCIAL GROUP INC0.45142000002.9502/28/2022Financials  A-
COMCAST CORPORATION0.45062000003.1503/01/2026Industrial  A-
CITIGROUP INC0.45042000003.3004/27/2025Financials  BBB+
US BANCORP0.45042000002.9507/15/2022Financials  A-
CELGENE CORPORATION0.45002000002.8808/15/2020Consumer  BBB+
LLOYDS BANKING GROUP PLC0.44912000003.1007/06/2021Financials  BBB+
CVS HEALTH CORP0.44912000002.8007/20/2020Consumer  BBB+
BAIDU INC0.44872000003.0006/30/2020Technology, Telecomm & Media  
BARCLAYS PLC0.44822000003.6503/16/2025Financials  BBB
ALIBABA GROUP HOLDING LTD0.44622000002.5011/28/2019Consumer  A+
GE CAPITAL INTERNATIONAL FUNDING C0.44622000002.3411/15/2020Financials  AA-
AMERICAN EXPRESS CREDIT CORPORATIO0.44021950002.6009/14/2020Financials  A-
CITIGROUP INC0.43612000003.2010/21/2026Financials  BBB+
AMERICAN INTERNATIONAL GROUP INC0.43271900003.3808/15/2020Financials  BBB+
MICROSOFT CORPORATION0.42472000002.4008/08/2026Technology, Telecomm & Media  AAA
ENTERPRISE PRODUCTS OPERATING LLC0.41361800003.3503/15/2023Energy  BBB+
EXELON CORP0.40491800002.8506/15/2020Energy  BBB-
TOYOTA MTR CRD CORP MTN BE0.40291700004.5006/17/2020Industrial  AA-
OMNICOM GROUP INC.0.39801700004.4508/15/2020Industrial  BBB+
DOW CHEMICAL COMPANY (THE)0.38881650004.2511/15/2020Industrial  BBB
ACE INA HOLDINGS INC0.38771700003.1503/15/2025Financials  A
AMGEN INC0.38051700002.7005/01/2022Consumer  A
GOLDMAN SACHS GROUP INC/THE0.37331500005.7501/24/2022Financials  BBB+
EXXON MOBIL CORP0.36401600002.7303/01/2023Energy  AA+
THERMO FISHER SCIENTIFIC INC0.36051500004.5003/01/2021Consumer  BBB
BANK OF NEW YORK MELLON CORP/THE0.35871600002.3009/11/2019Financials  A
VERIZON COMMUNICATIONS INC0.35811580002.9503/15/2022Technology, Telecomm & Media  BBB+
ALTRIA GROUP INC0.35801600002.8508/09/2022Consumer  A-
GILEAD SCIENCES INC0.35301500003.7004/01/2024Consumer  A
CREDIT SUISSE NEW YORK NY0.35141500005.3008/13/2019Financials  A
REYNOLDS AMERICAN INC0.35111500004.0006/12/2022Consumer  BBB+
MITSUBISHI UFJ FINANCIAL GROUP INC0.34941500003.6802/22/2027Financials  A
KINDER MORGAN ENERGY PARTNERS LP0.34851500003.9509/01/2022Energy  BBB-
AMGEN INC0.34751500003.4510/01/2020Consumer  A
EXPRESS SCRIPTS HOLDING CO0.34691500003.9002/15/2022Consumer  BBB+
MICROSOFT CORP0.34531500003.0010/01/2020Technology, Telecomm & Media  AAA
CHEVRON CORP0.34511500003.1906/24/2023Energy  AA-
APPLE INC0.34311500003.2502/23/2026Technology, Telecomm & Media  AA+
PEPSICO INC0.34221500002.7503/01/2023Consumer  A+
MICROSOFT CORPORATION0.34201500003.3002/06/2027Technology, Telecomm & Media  AAA
GLAXOSMITHKLINE CAPITAL INC0.34141500002.8003/18/2023Consumer  A+
STATE STREET CORP0.34051500002.5508/18/2020Financials  A
APPLE INC0.33941500003.3502/09/2027Technology, Telecomm & Media  AA+
INTERCONTINENTAL EXCHANGE INC0.33881500002.7512/01/2020Financials  A
EXPRESS SCRIPTS HOLDING CO0.33821500003.5006/15/2024Consumer  BBB+
BANK OF AMERICA CORP0.33791500003.5004/19/2026Financials  BBB+
WELLS FARGO & COMPANY0.33781500003.5805/22/2028Financials  A
SYSCO CORPORATION0.33771500002.6010/01/2020Consumer  BBB+
BOSTON SCIENTIFIC CORPORATION0.33771500002.8505/15/2020Consumer  BBB-
TIME WARNER INC0.33711500003.8801/15/2026Industrial  BBB
INTEL CORPORATION0.33681500002.8805/11/2024Technology, Telecomm & Media  A+
SUMITOMO MITSUI FINANCIAL GROUP IN0.33541500003.3607/12/2027Financials  A-
ANHEUSER-BUSCH INBEV FINANCE INC0.33521500002.6502/01/2021Consumer  A-
ROYAL BANK OF CANADA0.33501500002.3510/30/2020Financials  AA-
DOMINION RESOURCES INC/VA0.33491500002.5012/01/2019Energy  BBB
APPLE INC0.33491500002.5002/09/2022Technology, Telecomm & Media  AA+
CHEVRON CORP0.33351500002.9505/16/2026Energy  AA-
SHERWIN-WILLIAMS COMPANY (THE)0.33341500002.7506/01/2022Industrial  BBB
QUALCOMM INCORPORATED0.33341500003.2505/20/2027Technology, Telecomm & Media  A
ENBRIDGE INC0.33281500002.9007/15/2022Energy  BBB+
COCA-COLA CO0.33231500001.8810/27/2020Consumer  AA-
PFIZER INC0.33141500001.9506/03/2021Consumer  AA
SOUTHERN COMPANY (THE)0.32991500003.2507/01/2026Energy  BBB+
CVS HEALTH CORP0.32861500002.1306/01/2021Consumer  BBB+
WESTPAC BANKING CORP0.32761500002.8505/13/2026Financials  AA-
DEUTSCHE BANK AG (LONDON BRANCH)0.32741450003.7005/30/2024Financials  BBB-
CAPITAL ONE FINANCIAL CORPORATION0.32721500003.7507/28/2026Financials  BBB-
PLAINS ALL AMERICAN PIPELINE LP0.32281500003.6011/01/2024Energy  BBB-
HCP INC0.32191450002.6302/01/2020Financials  BBB
AMERICAN EXPRESS COMPANY0.32161400003.6312/05/2024Financials  BBB
MORGAN STANLEY0.31331450003.1307/27/2026Financials  BBB+
MICROSOFT CORPORATION0.30901400002.7002/12/2025Technology, Telecomm & Media  AAA
LYB INTERNATIONAL FINANCE BV0.30541300004.0007/15/2023Industrial  BBB
GENERAL MOTORS CO0.30031250004.8810/02/2023Industrial  BBB
HEWLETT-PACKARD CO0.29591250004.0509/15/2022Technology, Telecomm & Media  BBB
BOSTON PROPERTIES LP0.29351200005.6311/15/2020Financials  A-
TOTAL CAPITAL CANADA LTD0.29101300002.7507/15/2023Energy  A+
MCDONALDS CORPORATION0.28481250003.3805/26/2025Consumer  BBB+
CITIGROUP INC0.28061250002.7003/30/2021Financials  BBB+
CITIGROUP INC0.28001200004.4006/10/2025Financials  BBB
WAL-MART STORES INC0.27981000005.8804/05/2027Consumer  AA
SIMON PROPERTY GROUP LP0.27701200003.7502/01/2024Financials  A
FIFTH THIRD BANCORP0.26981200002.8807/27/2020Financials  BBB+
EBAY INC.0.26911200003.4508/01/2024Consumer  BBB+
GOLDMAN SACHS GROUP INC0.26651100005.3803/15/2020Financials  BBB+
STRYKER CORPORATION0.26461150003.5003/15/2026Consumer  A
AIR LEASE CORPORATION0.26401200002.1301/15/2020Financials  BBB
KEYCORP0.24551000005.1003/24/2021Financials  BBB+
REALTY INCOME CORPORATION0.24121000004.6508/01/2023Financials  BBB+
DISCOVERY COMMUNICATIONS LLC0.23961000004.9003/11/2026Industrial  BBB-
EI DU PONT DE NEMOURS & CO0.23911000004.2504/01/2021Industrial  A-
SIMON PROPERTY GROUP L.P.0.23901000004.3803/01/2021Financials  A
FRANCE TELECOM SA0.23901000004.1309/14/2021Technology, Telecomm & Media  BBB+
WELLTOWER INC0.23811000004.2504/01/2026Financials  BBB+
PEPSICO INC0.23801000003.6003/01/2024Consumer  A+
21ST CENTURY FOX AMERICA INC0.23601000004.5002/15/2021Industrial  BBB+
COMCAST CORPORATION0.23521000003.6003/01/2024Industrial  A-
TIME WARNER INC0.23491000004.0512/15/2023Industrial  BBB
BIOGEN INC0.23431000003.6309/15/2022Consumer  A-
AFLAC INC0.23401000003.6306/15/2023Financials  A-
AMGEN INC0.23301000003.6305/22/2024Consumer  A
INTEL CORP0.23291000003.7007/29/2025Technology, Telecomm & Media  A+
PRUDENTIAL FINANCIAL INC0.23291000003.5005/15/2024Financials  A
NOVARTIS CAPITAL CORP0.23281000003.4005/06/2024Consumer  AA-
VIRGINIA ELECTRIC AND POWER COMPAN0.23231000003.5003/15/2027Energy  BBB+
WILLIAMS PARTNERS LP0.23231000004.1311/15/2020Energy  BBB
AMERICAN INTERNATIONAL GROUP INC0.23181000003.9004/01/2026Financials  BBB+
REPUBLIC SERVICES INC0.23121000003.5506/01/2022Industrial  BBB+
INTERNATIONAL BUSINESS MACHINES CO0.23101000003.6302/12/2024Technology, Telecomm & Media  A+
MORGAN STANLEY0.23091000004.0007/23/2025Financials  BBB+
LOWES COMPANIES INC0.23081000003.3809/15/2025Consumer  A-
BURLINGTON NORTHERN SANTA FE LLC0.23071000003.0503/15/2022Industrial  A
TOYOTA MOTOR CREDIT CORP0.23071000003.3001/12/2022Industrial  AA-
FIDELITY NATIONAL INFORMATION SERV0.23051000003.5004/15/2023Technology, Telecomm & Media  BBB
INTERNATIONAL BUSINESS MACHINES CO0.23031000003.4502/19/2026Technology, Telecomm & Media  A+
NEXTERA ENERGY CAPITAL HOLDINGS IN0.22981000003.5505/01/2027Energy  BBB+
MEDTRONIC GLOBAL HOLDINGS SCA0.22911000003.3504/01/2027Consumer  A
ROPER TECHNOLOGIES INC0.22901000003.8012/15/2026Industrial  BBB
SIMON PROPERTY GROUP LP0.22821000003.3810/01/2024Financials  A
ENTERPRISE PRODUCTS OPERATING LLC0.22811000003.7502/15/2025Energy  BBB+
WELLPOINT INC0.22781000003.3001/15/2023Consumer  A
AON PLC0.22751000003.5006/14/2024Financials  A-
UNION PACIFIC CORP0.22701000003.2508/15/2025Industrial  A
ROCKWELL COLLINS INC.0.22691000003.5003/15/2027Industrial  BBB
CITIGROUP INC0.22621000003.8901/10/2028Financials  BBB+
GOLDMAN SACHS GROUP INC/THE0.22581000003.8501/26/2027Financials  BBB+
CAPITAL ONE FINANCIAL CORPORATION0.22551000003.7503/09/2027Financials  BBB
UNITEDHEALTH GROUP INC0.22541000003.1003/15/2026Consumer  A+
UNITEDHEALTH GROUP INC0.22531000002.7007/15/2020Consumer  A+
APPLE INC0.22521000003.2005/11/2027Technology, Telecomm & Media  AA+
DIAGEO CAPITAL PLC0.22511000002.6304/29/2023Consumer  A-
HOME DEPOT INC0.22491000002.6306/01/2022Consumer  A
CISCO SYSTEMS INC0.22441000002.9502/28/2026Technology, Telecomm & Media  AA-
INTEL CORPORATION0.22401000002.4507/29/2020Technology, Telecomm & Media  A+
ORACLE CORPORATION0.22391000002.9505/15/2025Technology, Telecomm & Media  AA-
HEWLETT PACKARD ENTERPRISE CO0.2238950004.9010/15/2025Technology, Telecomm & Media  BBB
PACIFIC GAS & ELECTRIC CO0.22321000002.9503/01/2026Energy  A-
SYNCHRONY FINANCIAL0.22301000003.0008/15/2019Financials  BBB-
SHERWIN-WILLIAMS COMPANY (THE)0.22301000003.4506/01/2027Industrial  BBB
DUKE ENERGY CAROLINAS LLC0.22261000002.9512/01/2026Energy  A
UNITED TECHNOLOGIES CORPORATION0.22221000003.1305/04/2027Industrial  A-
CARDINAL HEALTH INC0.22171000003.4106/15/2027Consumer  BBB+
PHILIP MORRIS INTERNATIONAL INC0.2216950003.6011/15/2023Consumer  A
WALGREENS BOOTS ALLIANCE INC0.22141000003.4506/01/2026Consumer  BBB
WELLPOINT INC0.22131000002.2508/15/2019Consumer  A
FIFTH THIRD BANCORP0.2208950003.5003/15/2022Financials  BBB+
MUFG AMERICAS HOLDINGS CORP0.22071000002.2502/10/2020Financials  A
ORACLE CORPORATION0.22051000001.9009/15/2021Technology, Telecomm & Media  AA-
SOUTHERN POWER COMPANY0.22011000001.9512/15/2019Energy  BBB+
UNILEVER CAPITAL CORP0.21931000002.9005/05/2027Consumer  A+
CONOCOPHILLIPS CO0.21881000002.4012/15/2022Energy  A-
AT&T INC0.21851000002.8502/14/2023Technology, Telecomm & Media  BBB+
PHILIP MORRIS INTERNATIONAL INC0.21821000002.7502/25/2026Consumer  A
OCCIDENTAL PETROLEUM CORPORATION0.21711000003.0002/15/2027Energy  A
WAL-MART STORES INC0.2170900004.2504/15/2021Consumer  AA
BNP PARIBAS0.2169900005.0001/15/2021Financials  A
FIDELITY NATIONAL INFORMATION SERV0.21661000003.0008/15/2026Technology, Telecomm & Media  BBB
BLACKROCK INC0.2140900005.0012/10/2019Financials  AA-
APPLE INC0.21171000002.4508/04/2026Technology, Telecomm & Media  AA+
UNITED TECHNOLOGIES CORP0.1900800004.5004/15/2020Industrial  A-
TIME WARNER INC0.1897800004.7001/15/2021Industrial  BBB
TOTAL CAPITAL INTERNATIONAL SA0.1890800003.7504/10/2024Energy  A+
METLIFE INC0.1871800003.6004/10/2024Financials  A-
FISERV INC0.1848800003.5010/01/2022Technology, Telecomm & Media  BBB
NORFOLK SOUTHERN CORPORATION0.1823800003.0004/01/2022Industrial  BBB+
CBS CORP0.1821800003.7008/15/2024Industrial  BBB
SEMPRA ENERGY0.1819800003.5506/15/2024Energy  BBB+
TIME WARNER INC0.1802800003.5506/01/2024Industrial  BBB
BB&T CORP0.1787800002.4501/15/2020Financials  A-
TYSON FOODS INC0.1783740004.5006/15/2022Consumer  BBB
OCCIDENTAL PETROLEUM CORPORATION0.1773800002.7002/15/2023Energy  A
HONEYWELL INTERNATIONAL INC0.1749800001.8511/01/2021Industrial  A
LOCKHEED MARTIN CORP0.1746750003.3509/15/2021Industrial  BBB+
MARRIOTT INTERNATIONAL INC0.1745800002.3001/15/2022Industrial  BBB
CELGENE CORPORATION0.1738750003.8808/15/2025Consumer  BBB+
APPLIED MATERIALS INC0.1706750003.3004/01/2027Technology, Telecomm & Media  A-
BERKSHIRE HATHAWAY INC0.1700750003.1303/15/2026Financials  AA
JPMORGAN CHASE & CO0.1697750003.7802/01/2028Financials  A-
HOME DEPOT INC0.1686750003.0004/01/2026Consumer  A
EOG RESOURCES INC0.1678750002.4504/01/2020Energy  BBB+
COSTCO WHOLESALE CORPORATION0.1665750003.0005/18/2027Consumer  A+
CSX CORP0.1623700003.7010/30/2020Industrial  BBB+
LOCKHEED MARTIN CORPORATION0.1609700003.5501/15/2026Industrial  BBB+
FEDEX CORP0.1572700003.2002/01/2025Industrial  BBB
BERKSHIRE HATHAWAY INC0.1457650002.2003/15/2021Financials  AA
DOMINION RESOURCES INC0.1439600004.4503/15/2021Energy  BBB
MERCK & CO INC0.1433650002.7502/10/2025Consumer  AA
PRUDENTIAL FINANCIAL INC0.1431600004.5011/15/2020Financials  A
DUKE ENERGY CAROLINAS LLC0.1413600003.9006/15/2021Energy  A
CITIZENS FINANCIAL GROUP INC0.1402600004.3012/03/2025Financials  BBB
ABBOTT LABORATORIES0.1337600002.3511/22/2019Consumer  BBB
WALT DISNEY CO0.1328600003.0002/13/2026Industrial  A+
MERCK & CO INC0.1324600001.8502/10/2020Consumer  AA
L-3 COMMUNICATIONS CORP0.1309550005.2010/15/2019Industrial  BBB-
ALTRIA GROUP INC0.1294550004.0001/31/2024Consumer  A-
HSBC FINANCE CORP0.1256500006.6801/15/2021Financials  A-
FIDELITY NATIONAL INFORMATION SERV0.1233530003.6310/15/2020Technology, Telecomm & Media  BBB
REYNOLDS AMERICAN INC0.1227540003.2506/12/2020Consumer  BBB+
L 3 COMMUNICATIONS CORP0.1180500004.7507/15/2020Industrial  BBB-
MIDAMERICAN ENERGY COMPANY0.1177500003.5010/15/2024Energy  A+
PNC FINANCIAL SERVICES GROUP INC0.1174500003.9004/29/2024Financials  BBB+
TRANSCANADA PIPELINES LIMITED0.1170500003.8010/01/2020Energy  A-
UNITEDHEALTH GROUP INC0.1169500003.7507/15/2025Consumer  A+
PRAXAIR INC0.1157500004.5008/15/2019Industrial  A
21ST CENTURY FOX AMERICA INC0.1155500003.7010/15/2025Industrial  BBB+
PROCTER & GAMBLE COMPANY0.1153500003.1008/15/2023Consumer  AA-
WALGREENS BOOTS ALLIANCE INC0.1146500003.3011/18/2021Consumer  BBB
BERKSHIRE HATHAWAY FINANCE CORP0.1145500002.9010/15/2020Financials  AA
WASTE MANAGEMENT INC0.1136500003.1303/01/2025Industrial  A-
BOSTON PROPERTIES LP0.1133500003.6502/01/2026Financials  A-
BECTON DICKINSON AND COMPANY0.1132500003.1311/08/2021Consumer  BBB+
MEDTRONIC INC0.1129500002.7504/01/2023Consumer  A
VIRGINIA ELECTRIC AND POWER COMPAN0.1122500003.1501/15/2026Energy  BBB+
DUKE ENERGY CAROLINAS LLC0.1122500002.5003/15/2023Energy  A
COCA-COLA COMPANY0.1121500002.8810/27/2025Consumer  AA-
AETNA INC0.1120500002.7511/15/2022Consumer  A
NORTHROP GRUMMAN CORP0.1119500003.2002/01/2027Industrial  BBB
VENTAS REALTY LP0.1110500003.5002/01/2025Financials  BBB+
JOHNSON & JOHNSON0.1106500002.0503/01/2023Consumer  AAA
CISCO SYSTEMS INC0.1077500002.5009/20/2026Technology, Telecomm & Media  AA-
WYETH0.1076400006.4502/01/2024Consumer  AA
COMMONWEALTH EDISON COMPANY0.1075500002.5506/15/2026Energy  A-
HALLIBURTON COMPANY0.0914400003.2511/15/2021Energy  BBB+
DISCOVER FINANCIAL SERVICES0.0898400003.7503/04/2025Financials  BBB-
DISCOVERY COMMUNICATIONS INC0.0897400003.3005/15/2022Industrial  BBB-
EBAY INC.0.0885400002.2008/01/2019Consumer  BBB+
TARGET CORPORATION0.0849400002.5004/15/2026Consumer  A
HEALTH CARE REIT INC0.0703300003.7503/15/2023Financials  BBB+
MARSH & MCLENNAN COMPANIES INC0.0694300003.5003/10/2025Financials  A-
CISCO SYSTEMS INC0.0687300003.0006/15/2022Technology, Telecomm & Media  AA-
MCDONALDS CORPORATION0.0679300002.7512/09/2020Consumer  BBB+
UNITED PARCEL SERVICE INC0.0674300002.4510/01/2022Industrial  A+
PUBLIC SERVICE ELECTRIC AND GAS CO0.0660300002.3805/15/2023Energy  A
HEWLETT-PACKARD CO0.0597250004.3809/15/2021Technology, Telecomm & Media  BBB
WASTE MANAGEMENT INC0.0549250002.4005/15/2023Industrial  A-
MARSH & MCLENNAN COMPANIES INC0.0469200003.7503/14/2026Financials  A-
CISCO SYSTEMS INC0.0466200003.5006/15/2025Technology, Telecomm & Media  AA-
LLOYDS TSB BANK PLC0.0374150006.3801/21/2021Financials  A
MCDONALDS CORPORATION0.0335150002.6301/15/2022Consumer  BBB+
CMS ENERGY CORPORATION0.0328150003.0005/15/2026Energy  BBB
IBM CORP0.0256100008.3811/01/2019Technology, Telecomm & Media  A+
PRUDENTIAL FINANCIAL INC0.0238100005.2003/15/2044Financials  BBB+
BOEING CO0.0237100004.8802/15/2020Industrial  A

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/22/201712/28/2017
12/01/201712/04/201712/07/2017
11/01/201711/02/201711/07/2017
10/02/201710/03/201710/06/2017
09/01/201709/06/201709/08/2017
08/01/201708/03/201708/07/20170.1088020000.108802
07/03/201707/06/201707/10/20170.0986750000.098675
06/01/201706/05/201706/07/20170.1091220000.109122
05/01/201705/03/201705/05/20170.1047860000.104786
04/03/201704/05/201704/07/20170.1067310000.106731
03/01/201703/03/201703/07/20170.0956170000.095617
02/01/201702/03/201702/07/20170.0977340000.097734
12/22/201612/27/201612/29/20160.1025520.1425520.05478500.299889
12/01/201612/05/201612/07/20160.0984330000.098433
11/01/201611/03/201611/07/20160.1015090000.101509
10/03/201610/05/201610/07/20160.0981330000.098133
09/01/201609/06/201609/08/20160.1011230000.101123
08/01/201608/03/201608/05/20160.1015680000.101568
07/01/201607/06/201607/08/20160.0958840000.095884
06/01/201606/03/201606/07/20160.0890680000.089068
05/02/201605/04/201605/06/20160.1082200000.108220
04/01/201604/05/201604/07/20160.0909650000.090965
03/01/201603/03/201603/07/20160.0959200000.095920
02/01/201602/03/201602/05/20160.0884970000.088497
12/29/201512/31/201501/05/20160.1033200000.103320
12/01/201512/03/201512/07/20150.0915870000.091587
11/02/201511/04/201511/06/20150.1074330000.107433
10/01/201510/05/201510/07/20150.0570810000.057081
09/01/201509/03/201509/08/20150.0997270000.099727
08/03/201508/05/201508/07/20150.0908310000.090831
07/01/201507/06/201507/08/20150.0978330000.097833
06/01/201506/03/201506/05/20150.0995610000.099561
05/01/201505/05/201505/07/20150.0957610000.095761
04/01/201504/06/201504/08/20150.0975170000.097517
03/02/201503/04/201503/06/20150.0875760000.087576
02/02/201502/04/201502/06/20150.0970430000.097043
12/29/201412/31/201401/05/20150.0977600000.097760
12/01/201412/03/201412/05/20140.0571290000.057129

The Northern Trust Credit-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of intermediate maturity, U.S.-dollar denominated bonds of companies with investment grade-like characteristics, and enhanced short-term and long-term solvency. To promote liquidity, securities must have an effective maturity of 2-10 years and at least $500mm in amount outstanding to be eligible for inclusion. The index’s construction utilizes an optimization process which has primary objectives of maximizing exposure to our proprietary credit-score, while also maintaining an option adjusted spread and effective duration similar to the eligible universe. The proprietary credit-score seeks to identify companies that exhibit strength in management efficiency, profitability, and solvency.