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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 06/21/2017
Inception11/12/2014
CUSIP33939L761
Total Net Assets$ 40,745,325.98
Shares Outstanding800,001
# of Holdings*278
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 06/22/2017% of Total
AAA1.35
AA12.41
A38.82
BBB46.91
Unclassified.51
Total100.00
as of 06/22/2017% of Total
Aaa1.76
Aa9.81
A45.33
Baa42.29
Ba.10
Unclassified.71
Total100.00

Fund Characteristics1

as of 06/21/2017
SEC Subsidized Yield2 (as of 05/31/2017)2.49%
SEC Unsubsidized Yield3
 (as of 05/31/2017)
2.48%
Distribution Yield42.61%
12-Month Dividend Yield52.38%
Weighted Avg Price102.74
Weighted Avg Yield to Worst2.67
Weighted Avg Yield to Maturity2.67%
Weighted Avg Coupon3.33
Weighted Average Maturity5.47
Weighted Avg Effective Duration4.84
Weighted Avg Option Adjusted Spread82.28
View Standardized Performance

Maturity (%)

as of 06/21/2017
0 - 2 Years.63
2 - 3 Years10.18
3 - 5 Years38.02
5 - 7 Years24.36
7 - 10 Years26.59
10+ Years.22
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 05/31/2017
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price.981.742.822.043.21
NAV.781.582.622.323.14
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR).791.602.742.693.45
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU).701.532.713.213.18

Quarter End Performance (%)

as of 03/31/2017
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price-.011.071.07.862.70
NAV.011.031.031.202.69
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR).051.131.131.703.01
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU) .001.161.162.432.75
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 06/21/2017
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 06/21/2017
Price$50.98
Price $ Change$-.02
Price % Change-.04%
Avg Bid/Ask Spread$.13
Bid/Ask Midpoint$51.06
Closing Bid Price$50.97
Closing Ask Price$51.15

NAV Price

as of 06/21/2017
Price$50.93
Price $ Change$-.01
Price % Change-.02%

Trading

as of 06/21/2017
52-Week High$52.23
52-Week Low$49.57
Premium/Discount$.13
Daily Trading Volume (Shares)2,200
Average Trading Volume (Shares)2,021
Shares Outstanding800,001

TOP TEN HOLDINGS

as of 06/21/2017
NameFund
Weight
%
Shares HeldCouponMaturitySector/Type  Credit
  Rating
  (S&P)
CITIGROUP INC1.50646000002.6510/26/2020Financials  BBB+
JPMORGAN CHASE & CO1.31895200003.3805/01/2023Financials  BBB+
GOLDMAN SACHS GROUP INC/THE1.29995000003.6301/22/2023Financials  BBB+
MORGAN STANLEY1.12424000005.7501/25/2021Financials  BBB+
GENERAL MOTORS FINANCIAL CO INC1.05914000004.3809/25/2021Industrial  BBB
BANK OF AMERICA CORP1.02584000003.3001/11/2023Financials  BBB+
GOLDMAN SACHS GROUP INC/THE1.00644000003.0004/26/2022Financials  BBB+
MORGAN STANLEY0.99394000002.6311/17/2021Financials  BBB+
PNC FUNDING CORP0.98923800003.3003/08/2022Financials  A-
SUMITOMO MITSUI FINANCIAL GROUP IN0.98734000002.0607/14/2021Financials  A-
BARCLAYS BANK PLC0.93903500005.1410/14/2020Financials  BBB-
APPLE INC0.88193500002.2502/23/2021Technology, Telecomm & Media  AA+
BANK OF AMERICA CORP0.83643200004.2008/26/2024Financials  BBB
BANK OF NEW YORK MELLON CORP/THE0.79443000003.6502/04/2024Financials  A
HSBC USA INC0.76323000002.7508/07/2020Financials  A
VISA INC0.76223000002.8012/14/2022Consumer  A+
JPMORGAN CHASE & CO0.75493000002.5503/01/2021Financials  A-
WESTPAC BANKING CORP0.75303000002.6011/23/2020Financials  AA-
DOW CHEMICAL COMPANY (THE)0.70032650004.2511/15/2020Industrial  BBB
QUALCOMM INCORPORATED0.67632700002.2505/20/2020Technology, Telecomm & Media  A
JPMORGAN CHASE & CO0.65932500003.9007/15/2025Financials  A-
ENERGY TRANSFER PARTNERS LP0.65762500004.6506/01/2021Energy  BBB-
SUMITOMO MITSUI FINANCIAL GROUP IN0.65672500003.7803/09/2026Financials  A-
BANK OF AMERICA CORP0.65642550004.0001/22/2025Financials  BBB
ACTAVIS FUNDING SCS0.65052500003.8003/15/2025Consumer  BBB
GOLDMAN SACHS GROUP INC/THE0.65002550003.5001/23/2025Financials  BBB+
CREDIT SUISSE GROUP FUNDING (GUERN0.64842500003.8009/15/2022Financials  BBB+
GILEAD SCIENCES INC0.64832500003.2509/01/2022Consumer  A
BANK OF AMERICA CORP0.63632500003.1201/20/2023Financials  BBB+
NATIONAL AUSTRALIA BANK LTD0.63342500002.6307/23/2020Financials  AA-
VERIZON COMMUNICATIONS INC0.63332500003.0011/01/2021Technology, Telecomm & Media  BBB+
CITIGROUP INC0.63292500003.5005/15/2023Financials  BBB
DISCOVER BANK0.63282500003.1006/04/2020Financials  BBB
AT&T INC0.63182500002.8002/17/2021Technology, Telecomm & Media  BBB+
ORACLE CORPORATION0.62972500002.5005/15/2022Technology, Telecomm & Media  AA-
UBS AG (STAMFORD BRANCH)0.62952500002.3808/14/2019Financials  A+
AT&T INC0.62892500002.4506/30/2020Technology, Telecomm & Media  BBB+
ABBVIE INC0.62882500002.9011/06/2022Consumer  A-
SVENSKA HANDELSBANKEN AB0.62642500002.4503/30/2021Financials  AA-
SKANDINAVISKA ENSKILDA BANKEN AB0.62612500002.3003/11/2020Financials  A+
AUSTRALIA AND NEW ZEALAND BANKING0.61872500002.3006/01/2021Financials  AA-
ABBVIE INC0.61262400003.2011/06/2022Consumer  A-
WELLS FARGO & CO0.61232250004.4801/16/2024Financials  A-
JPMORGAN CHASE & CO0.60632500002.9510/01/2026Financials  A-
GILEAD SCIENCES INC0.58322250003.5002/01/2025Consumer  A
JPMORGAN CHASE & CO0.57772300003.1301/23/2025Financials  A-
APPLE INC0.56932300002.4005/03/2023Technology, Telecomm & Media  AA+
GOLDMAN SACHS GROUP INC/THE0.55402100004.0003/03/2024Financials  BBB+
HSBC HOLDINGS PLC0.55362100004.0003/30/2022Financials  A
JPMORGAN CHASE & CO0.54902200003.3004/01/2026Financials  A-
BP CAPITAL MARKETS PLC0.53782000004.5010/01/2020Energy  A-
MITSUBISHI UFJ FINANCIAL GROUP INC0.52842000003.8503/01/2026Financials  A
AERCAP IRELAND CAPITAL LTD / AERCA0.52642000003.9502/01/2022Financials  BBB-
MORGAN STANLEY0.52352000003.7502/25/2023Financials  BBB+
WELLS FARGO & COMPANY0.52182000003.5003/08/2022Financials  A
MORGAN STANLEY0.52112000003.8801/27/2026Financials  BBB+
KRAFT HEINZ FOODS CO0.52052000003.5007/15/2022Consumer  BBB-
AMERICAN TOWER CORP0.51682000003.5001/31/2023Technology, Telecomm & Media  BBB-
HSBC HOLDINGS PLC0.51472000003.9005/25/2026Financials  A
US BANCORP0.51212000002.9507/15/2022Financials  A-
WELLS FARGO & COMPANY0.51152000003.5509/29/2025Financials  A
CELGENE CORPORATION0.51092000002.8808/15/2020Consumer  BBB+
CVS HEALTH CORP0.51032000002.8007/20/2020Consumer  BBB+
ING GROEP NV0.50852000003.1503/29/2022Financials  A-
MITSUBISHI UFJ FINANCIAL GROUP INC0.50842000002.9503/01/2021Financials  A
BAIDU INC0.50802000003.0006/30/2020Technology, Telecomm & Media  
CAPITAL ONE FINANCIAL CORP0.50762000003.5006/15/2023Financials  BBB
COMCAST CORPORATION0.50652000003.1503/01/2026Industrial  A-
MIZUHO FINANCIAL GROUP INC0.50602000002.9502/28/2022Financials  A-
LLOYDS BANK PLC0.50292000002.4003/17/2020Financials  A
GE CAPITAL INTERNATIONAL FUNDING C0.50152000002.3411/15/2020Financials  AA-
ALIBABA GROUP HOLDING LTD0.50042000002.5011/28/2019Consumer  A+
CITIGROUP INC0.49912000003.3004/27/2025Financials  BBB+
AMERICAN EXPRESS CREDIT CORPORATIO0.49351950002.6009/14/2020Financials  A-
AMERICAN INTERNATIONAL GROUP INC0.49281900003.3808/15/2020Financials  BBB+
TEVA PHARMACEUTICAL FINANCE NETHER0.48952000002.8007/21/2023Consumer  BBB
ORACLE CORPORATION0.48922000002.6507/15/2026Technology, Telecomm & Media  AA-
CITIGROUP INC0.48702000003.2010/21/2026Financials  BBB+
MICROSOFT CORPORATION0.48612000002.4008/08/2026Technology, Telecomm & Media  AAA
ENTERPRISE PRODUCTS OPERATING LLC0.46351800003.3503/15/2023Energy  BBB+
OMNICOM GROUP INC.0.45511700004.4508/15/2020Industrial  BBB+
EXELON CORP0.45371800002.8506/15/2020Energy  BBB-
TOYOTA MTR CRD CORP MTN BE0.45171700004.5006/17/2020Industrial  AA-
BANK OF NOVA SCOTIA0.44731800002.0506/05/2019Financials  A+
ACE INA HOLDINGS INC0.43431700003.1503/15/2025Financials  A
GOLDMAN SACHS GROUP INC/THE0.42791500005.7501/24/2022Financials  BBB+
AMGEN INC0.42621700002.7005/01/2022Consumer  A
ALTRIA GROUP INC0.40751600002.8508/09/2022Consumer  A-
EXXON MOBIL CORP0.40551600002.7303/01/2023Energy  AA+
CREDIT SUISSE NEW YORK NY0.40331500005.3008/13/2019Financials  A
BANK OF NEW YORK MELLON CORP/THE0.40211600002.3009/11/2019Financials  A
VERIZON COMMUNICATIONS INC0.40021580002.9503/15/2022Technology, Telecomm & Media  BBB+
REYNOLDS AMERICAN INC0.39601500004.0006/12/2022Consumer  BBB+
EXPRESS SCRIPTS HOLDING CO0.39521500003.9002/15/2022Consumer  BBB+
KINDER MORGAN ENERGY PARTNERS LP0.39131500003.9509/01/2022Energy  BBB-
MICROSOFT CORPORATION0.39121500003.3002/06/2027Technology, Telecomm & Media  AAA
APPLE INC0.38831500003.3502/09/2027Technology, Telecomm & Media  AA+
TIME WARNER INC0.38671500003.8801/15/2026Industrial  BBB
APPLE INC0.38641500003.2502/23/2026Technology, Telecomm & Media  AA+
STATE STREET CORP0.38161500002.5508/18/2020Financials  A
ANHEUSER-BUSCH INBEV FINANCE INC0.38131500002.6502/01/2021Consumer  A-
GLAXOSMITHKLINE CAPITAL INC0.38111500002.8003/18/2023Consumer  A+
INTERCONTINENTAL EXCHANGE INC0.37891500002.7512/01/2020Financials  A
SYSCO CORPORATION0.37871500002.6010/01/2020Consumer  BBB+
INTEL CORPORATION0.37731500002.8805/11/2024Technology, Telecomm & Media  A+
ROYAL BANK OF CANADA0.37531500002.3510/30/2020Financials  AA-
DOMINION RESOURCES INC/VA0.37501500002.5012/01/2019Energy  BBB
CHEVRON CORP0.37411500002.9505/16/2026Energy  AA-
SOUTHERN COMPANY (THE)0.37371500003.2507/01/2026Energy  BBB+
PFIZER INC0.37311500001.9506/03/2021Consumer  AA
COCA-COLA CO0.37221500001.8810/27/2020Consumer  AA-
CAPITAL ONE FINANCIAL CORPORATION0.37051500003.7507/28/2026Financials  BBB-
CVS HEALTH CORP0.36851500002.1306/01/2021Consumer  BBB+
WESTPAC BANKING CORP0.36571500002.8505/13/2026Financials  AA-
HCP INC0.36541450002.6302/01/2020Financials  BBB
DEUTSCHE BANK AG (LONDON BRANCH)0.36111450003.7005/30/2024Financials  BBB-
AMERICAN EXPRESS COMPANY0.35811400003.6312/05/2024Financials  BBB
MORGAN STANLEY0.35611450003.1307/27/2026Financials  BBB+
MICROSOFT CORPORATION0.35181400002.7002/12/2025Technology, Telecomm & Media  AAA
LYB INTERNATIONAL FINANCE BV0.34731300004.0007/15/2023Industrial  BBB
HEWLETT-PACKARD CO0.33111250004.0509/15/2022Technology, Telecomm & Media  BBB
TOTAL CAPITAL CANADA LTD0.32941300002.7507/15/2023Energy  A+
BOSTON PROPERTIES LP0.32841200005.6311/15/2020Financials  A-
MCDONALDS CORPORATION0.31921250003.3806/01/2025Consumer  BBB+
SIMON PROPERTY GROUP LP0.31591200003.7502/01/2024Financials  A
CITIGROUP INC0.31461250002.7003/30/2021Financials  BBB+
CITIGROUP INC0.31171200004.4006/10/2025Financials  BBB
FIFTH THIRD BANCORP0.30641200002.8807/27/2020Financials  BBB+
EBAY INC.0.30631200003.4508/01/2024Consumer  BBB+
GENERAL ELECTRIC CAPITAL CORP0.30341200002.2001/09/2020Industrial  AA-
AIR LEASE CORPORATION0.29921200002.1301/15/2020Financials  BBB
GOLDMAN SACHS GROUP INC0.29821100005.3803/15/2020Financials  BBB+
BANK OF MONTREAL0.29651200001.5007/18/2019Financials  A+
STRYKER CORPORATION0.29631150003.5003/15/2026Consumer  A
JEFFERIES GROUP INC0.28601000006.8804/15/2021Financials  BBB-
KEYCORP0.27471000005.1003/24/2021Financials  BBB+
REALTY INCOME CORPORATION0.27341000004.6508/01/2023Financials  BBB+
21ST CENTURY FOX AMERICA INC0.27041000004.5002/15/2021Industrial  BBB+
SIMON PROPERTY GROUP L.P.0.26791000004.3803/01/2021Financials  A
DISCOVERY COMMUNICATIONS LLC0.26741000004.9003/11/2026Industrial  BBB-
FRANCE TELECOM SA0.26731000004.1309/14/2021Technology, Telecomm & Media  BBB+
EI DU PONT DE NEMOURS & CO0.26721000004.2504/01/2021Industrial  A-
PEPSICO INC0.26611000003.6003/01/2024Consumer  A+
INTEL CORP0.26601000003.7007/29/2025Technology, Telecomm & Media  A+
COMCAST CORPORATION0.26451000003.6003/01/2024Industrial  A-
MORGAN STANLEY0.26391000004.0007/23/2025Financials  BBB+
WELLTOWER INC0.26361000004.2504/01/2026Financials  BBB+
INTERNATIONAL BUSINESS MACHINES CO0.26361000003.6302/12/2024Technology, Telecomm & Media  A+
BIOGEN INC0.26261000003.6309/15/2022Consumer  A-
AFLAC INC0.26191000003.6306/15/2023Financials  A-
NOVARTIS CAPITAL CORP0.26171000003.4005/06/2024Consumer  AA-
AMGEN INC0.26101000003.6305/22/2024Consumer  A
PRUDENTIAL FINANCIAL INC0.26071000003.5005/15/2024Financials  A
WILLIAMS PARTNERS LP0.26051000004.1311/15/2020Energy  BBB
ENTERPRISE PRODUCTS OPERATING LLC0.26011000003.7502/15/2025Energy  BBB+
LOWES COMPANIES INC0.26001000003.3809/15/2025Consumer  A-
REPUBLIC SERVICES INC0.25961000003.5506/01/2022Industrial  BBB+
UNION PACIFIC CORP0.25951000003.2508/15/2025Industrial  A
BURLINGTON NORTHERN SANTA FE LLC0.25911000003.0503/15/2022Industrial  A
INTERNATIONAL BUSINESS MACHINES CO0.25811000003.4502/19/2026Technology, Telecomm & Media  A+
ROPER TECHNOLOGIES INC0.25751000003.8012/15/2026Industrial  BBB
MEDTRONIC GLOBAL HOLDINGS SCA0.25671000003.3504/01/2027Consumer  A
UNITEDHEALTH GROUP INC0.25571000002.7007/15/2020Consumer  A+
ROCKWELL COLLINS INC.0.25571000003.5003/15/2027Industrial  BBB
AON PLC0.25361000003.5006/14/2024Financials  A-
SYNCHRONY FINANCIAL0.25351000003.0008/15/2019Financials  BBB-
UNITEDHEALTH GROUP INC0.25311000003.1003/15/2026Consumer  A+
XCEL ENERGY INC0.25311000003.3512/01/2026Energy  BBB+
HOME DEPOT INC0.25281000002.6306/01/2022Consumer  A
ANALOG DEVICES INC0.25271000003.5012/05/2026Technology, Telecomm & Media  BBB
CISCO SYSTEMS INC0.25191000002.9502/28/2026Technology, Telecomm & Media  AA-
DIAGEO CAPITAL PLC0.25151000002.6304/29/2023Consumer  A-
HEWLETT PACKARD ENTERPRISE CO0.2514950004.9010/15/2025Technology, Telecomm & Media  BBB
EXPRESS SCRIPTS HOLDING CO0.25101000003.5006/15/2024Consumer  BBB+
ERP OPERATING LP0.25081000003.0004/15/2023Financials  A-
WELLPOINT INC0.25071000002.2508/15/2019Consumer  A
PACIFIC GAS & ELECTRIC CO0.25061000002.9503/01/2026Energy  A-
MUFG AMERICAS HOLDINGS CORP0.25011000002.2502/10/2020Financials  A
DUKE ENERGY CAROLINAS LLC0.24971000002.9512/01/2026Energy  A
WALGREENS BOOTS ALLIANCE INC0.24941000003.4506/01/2026Consumer  BBB
BNP PARIBAS0.2488900005.0001/15/2021Financials  A
PHILIP MORRIS INTERNATIONAL INC0.2485950003.6011/15/2023Consumer  A
UNILEVER CAPITAL CORP0.24821000002.9005/05/2027Consumer  A+
ORACLE CORPORATION0.24771000001.9009/15/2021Technology, Telecomm & Media  AA-
FIFTH THIRD BANCORP0.2470950003.5003/15/2022Financials  BBB+
FIDELITY NATIONAL INFORMATION SERV0.2468950003.6310/15/2020Technology, Telecomm & Media  BBB
OCCIDENTAL PETROLEUM CORPORATION0.24681000003.0002/15/2027Energy  A
SOUTHERN POWER COMPANY0.24671000001.9512/15/2019Energy  BBB+
PHILIP MORRIS INTERNATIONAL INC0.24641000002.7502/25/2026Consumer  A
INTERNATIONAL BUSINESS MACHINES CO0.24631000001.6305/15/2020Technology, Telecomm & Media  A+
CONOCOPHILLIPS CO0.24491000002.4012/15/2022Energy  A-
FIDELITY NATIONAL INFORMATION SERV0.24451000003.0008/15/2026Technology, Telecomm & Media  BBB
WAL-MART STORES INC0.2433900004.2504/15/2021Consumer  AA
APPLE INC0.24211000002.4508/04/2026Technology, Telecomm & Media  AA+
BLACKROCK INC0.2399900005.0012/10/2019Financials  AA-
TIME WARNER INC0.2172800004.7001/15/2021Industrial  BBB
UNITED TECHNOLOGIES CORP0.2139800004.5004/15/2020Industrial  A-
TOTAL CAPITAL INTERNATIONAL SA0.2120800003.7504/10/2024Energy  A+
METLIFE INC0.2111800003.6004/10/2024Financials  A-
FISERV INC0.2075800003.5010/01/2022Technology, Telecomm & Media  BBB
CBS CORP0.2072800003.7008/15/2024Industrial  BBB
NORFOLK SOUTHERN CORPORATION0.2048800003.0004/01/2022Industrial  BBB+
SEMPRA ENERGY0.2048800003.5506/15/2024Energy  BBB+
TIME WARNER INC0.2028800003.5506/01/2024Industrial  BBB
BB&T CORP0.2027800002.4501/15/2020Financials  A-
OCCIDENTAL PETROLEUM CORPORATION0.2009800002.7002/15/2023Energy  A
TYSON FOODS INC0.1994740004.5006/15/2022Consumer  BBB
MARRIOTT INTERNATIONAL INC0.1985800002.3001/15/2022Industrial  BBB
CELGENE CORPORATION0.1980750003.8808/15/2025Consumer  BBB+
RIO TINTO FINANCE (USA) LTD0.1965750003.7506/15/2025Industrial  A-
LOCKHEED MARTIN CORP0.1957750003.3509/15/2021Industrial  BBB+
HONEYWELL INTERNATIONAL INC0.1955800001.8511/01/2021Industrial  A
JPMORGAN CHASE & CO0.1939750003.7802/01/2028Financials  A-
BERKSHIRE HATHAWAY INC0.1910750003.1303/15/2026Financials  AA
HOME DEPOT INC0.1897750003.0004/01/2026Consumer  A
COSTCO WHOLESALE CORPORATION0.1880750003.0005/18/2027Consumer  A+
EOG RESOURCES INC0.1878750002.4504/01/2020Energy  BBB+
LOCKHEED MARTIN CORPORATION0.1834700003.5501/15/2026Industrial  BBB+
CSX CORP0.1821700003.7010/30/2020Industrial  BBB+
WALGREENS BOOTS ALLIANCE INC0.1818700003.8011/18/2024Consumer  BBB
FEDEX CORP0.1790700003.2002/01/2025Industrial  BBB
BERKSHIRE HATHAWAY INC0.1638650002.2003/15/2021Financials  AA
MERCK & CO INC0.1634650002.7502/10/2025Consumer  AA
DOMINION RESOURCES INC0.1614600004.4503/15/2021Energy  BBB
PRUDENTIAL FINANCIAL INC0.1602600004.5011/15/2020Financials  A
DUKE ENERGY CAROLINAS LLC0.1582600003.9006/15/2021Energy  A
CITIZENS FINANCIAL GROUP INC0.1570600004.3012/03/2025Financials  BBB
WALT DISNEY CO0.1521600003.0002/13/2026Industrial  A+
MERCK & CO INC0.1501600001.8502/10/2020Consumer  AA
ABBOTT LABORATORIES0.1499600002.3511/22/2019Consumer  BBB
ALTRIA GROUP INC0.1482550004.0001/31/2024Consumer  A-
L-3 COMMUNICATIONS CORP0.1469550005.2010/15/2019Industrial  BBB-
HSBC FINANCE CORP0.1439500006.6801/15/2021Financials  A-
REYNOLDS AMERICAN INC0.1381540003.2506/12/2020Consumer  BBB+
PRAXAIR INC0.1327500004.5008/15/2019Industrial  A
PNC FINANCIAL SERVICES GROUP INC0.1313500003.9004/29/2024Financials  BBB+
MIDAMERICAN ENERGY COMPANY0.1313500003.5010/15/2024Energy  A+
TRANSCANADA PIPELINES LIMITED0.1312500003.8010/01/2020Energy  A-
PROCTER & GAMBLE COMPANY0.1304500003.1008/15/2023Consumer  AA-
21ST CENTURY FOX AMERICA INC0.1295500003.7010/15/2025Industrial  BBB+
WALGREENS BOOTS ALLIANCE INC0.1285500003.3011/18/2021Consumer  BBB
BOSTON PROPERTIES LP0.1285500003.6502/01/2026Financials  A-
NORTHROP GRUMMAN CORP0.1284500003.2002/01/2027Industrial  BBB
BERKSHIRE HATHAWAY FINANCE CORP0.1283500002.9010/15/2020Financials  AA
WASTE MANAGEMENT INC0.1278500003.1303/01/2025Industrial  A-
VIRGINIA ELECTRIC AND POWER COMPAN0.1274500003.1501/15/2026Energy  BBB+
BECTON DICKINSON AND COMPANY0.1266500003.1311/08/2021Consumer  BBB+
COCA-COLA COMPANY0.1260500002.8810/27/2025Consumer  AA-
VENTAS REALTY LP0.1258500003.5002/01/2025Financials  BBB+
MEDTRONIC INC0.1258500002.7504/01/2023Consumer  A
DUKE ENERGY CAROLINAS LLC0.1257500002.5003/15/2023Energy  A
AETNA INC0.1249500002.7511/15/2022Consumer  A
WYETH0.1241400006.4502/01/2024Consumer  AA
JOHNSON & JOHNSON0.1237500002.0503/01/2023Consumer  AAA
CISCO SYSTEMS INC0.1209500002.5009/20/2026Technology, Telecomm & Media  AA-
VODAFONE GROUP PLC0.1057400005.4506/10/2019Technology, Telecomm & Media  BBB+
HALLIBURTON COMPANY0.1024400003.2511/15/2021Energy  BBB+
EBAY INC.0.1003400002.2008/01/2019Consumer  BBB+
DISCOVERY COMMUNICATIONS INC0.1003400003.3005/15/2022Industrial  BBB-
DISCOVER FINANCIAL SERVICES0.1000400003.7503/04/2025Financials  BBB-
TARGET CORPORATION0.0953400002.5004/15/2026Consumer  A
HEALTH CARE REIT INC0.0782300003.7503/15/2023Financials  BBB+
MARSH & MCLENNAN COMPANIES INC0.0774300003.5003/10/2025Financials  A-
CISCO SYSTEMS INC0.0770300003.0006/15/2022Technology, Telecomm & Media  AA-
MCDONALDS CORPORATION0.0759300002.7512/09/2020Consumer  BBB+
UNITED PARCEL SERVICE INC0.0759300002.4510/01/2022Industrial  A+
EXPRESS SCRIPTS INC0.0746300002.2506/15/2019Consumer  BBB+
PUBLIC SERVICE ELECTRIC AND GAS CO0.0742300002.3805/15/2023Energy  A
HEWLETT-PACKARD CO0.0669250004.3809/15/2021Technology, Telecomm & Media  BBB
WASTE MANAGEMENT INC0.0616250002.4005/15/2023Industrial  A-
MARSH & MCLENNAN COMPANIES INC0.0526200003.7503/14/2026Financials  A-
CISCO SYSTEMS INC0.0524200003.5006/15/2025Technology, Telecomm & Media  AA-
LLOYDS TSB BANK PLC0.0432150006.3801/21/2021Financials  A
MCDONALDS CORPORATION0.0380150002.6301/15/2022Consumer  BBB+
CMS ENERGY CORPORATION0.0366150003.0005/15/2026Energy  BBB
IBM CORP0.0287100008.3811/01/2019Technology, Telecomm & Media  A+
BOEING CO0.0271100004.8802/15/2020Industrial  A
PRUDENTIAL FINANCIAL INC0.0265100005.2003/15/2044Financials  BBB+

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
08/01/201708/03/201708/07/2017
07/03/201707/06/201707/10/2017
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.