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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 03/23/2017
Inception11/12/2014
CUSIP33939L761
Total Net Assets$ 40,189,300.37
Shares Outstanding800,001
# of Holdings*282
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 03/24/2017% of Total
AAA1.96
AA14.13
A37.98
BBB45.93
Total100.00
as of 03/24/2017% of Total
Aaa2.56
Aa12.38
A42.27
Baa41.97
Ba.10
Unclassified.72
Total100.00

Fund Characteristics1

as of 03/23/2017
SEC Subsidized Yield2 (as of 02/28/2017)2.57%
SEC Unsubsidized Yield3
 (as of 02/28/2017)
2.56%
Distribution Yield42.24%
12-Month Dividend Yield52.35%
Weighted Avg Price101.19
Weighted Avg Yield to Worst2.86
Weighted Avg Yield to Maturity2.86%
Weighted Avg Coupon3.24
Weighted Average Maturity5.39
Weighted Avg Effective Duration4.78
Weighted Avg Option Adjusted Spread82.22
View Standardized Performance

Maturity (%)

as of 03/23/2017
0 - 2 Years5.04
2 - 3 Years11.66
3 - 5 Years32.66
5 - 7 Years23.47
7 - 10 Years26.70
10+ Years.47
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 02/28/2017
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price.731.081.082.852.80
NAV.801.021.023.012.79
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR).811.081.083.623.11
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU).771.161.164.222.85

Quarter End Performance (%)

as of 12/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/12/2014
Market Price.42-2.622.792.792.50
NAV.24-2.423.223.222.51
Northern Trust Credit-Scored US Corporate Bond Index (NTUCCBTR).27-2.303.603.602.83
Barclays Capital Intermediate U.S. Corporate Index (LD06TRUU).24-1.844.044.042.51
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 03/23/2017
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 03/23/2017
Price$50.20
Price $ Change$-.01
Price % Change-.02%
Avg Bid/Ask Spread$.08
Bid/Ask Midpoint$50.27
Closing Bid Price$50.21
Closing Ask Price$50.32

NAV Price

as of 03/23/2017
Price$50.24
Price $ Change$-.02
Price % Change-.04%

Trading

as of 03/23/2017
52-Week High$52.23
52-Week Low$49.57
Premium/Discount$.03
Daily Trading Volume (Shares)1,282
Average Trading Volume (Shares)2,896
Shares Outstanding800,001

TOP TEN HOLDINGS

as of 03/23/2017
NameFund
Weight
%
Shares HeldCouponMaturitySector/Type  Credit
  Rating
  (S&P)
JPMORGAN CHASE & CO1.32495200003.3805/01/2023Financials  BBB+
GOLDMAN SACHS GROUP INC/THE1.29535000003.6301/22/2023Financials  BBB+
GENERAL MOTORS FINANCIAL CO INC1.08124000004.3809/25/2021Industrial  BBB
CELGENE CORPORATION1.01954000002.2505/15/2019Consumer  BBB+
BANK OF AMERICA CORP1.01774000003.3001/11/2023Financials  BBB+
MITSUBISHI UFJ FINANCIAL GROUP INC1.01704000002.9503/01/2021Financials  A
MORGAN STANLEY1.00844000002.6311/17/2021Financials  BBB+
PNC FUNDING CORP0.98473800003.3003/08/2022Financials  A-
ABBOTT LABORATORIES0.96403900002.5503/15/2022Consumer  BBB
BARCLAYS BANK PLC0.95873500005.1410/14/2020Financials  BBB-
CITIGROUP INC0.95103700002.5009/26/2018Financials  BBB+
ANHEUSER-BUSCH INBEV WORLDWIDE INC0.87443500002.5007/15/2022Consumer  A-
BANK OF AMERICA CORP0.82573200004.2008/26/2024Financials  BBB
UNITEDHEALTH GROUP INC0.77343000002.7007/15/2020Consumer  A+
VISA INC0.76803000002.8012/14/2022Consumer  A+
GOLDMAN SACHS GROUP INC/THE0.76723000002.6301/31/2019Financials  BBB+
WESTPAC BANKING CORP0.76603000002.6011/23/2020Financials  AA-
HSBC USA INC0.76463000002.7508/07/2020Financials  A
JPMORGAN CHASE & CO0.75773000002.5503/01/2021Financials  A-
DOW CHEMICAL COMPANY (THE)0.71772650004.2511/15/2020Industrial  BBB
QUALCOMM INCORPORATED0.68542700002.2505/20/2020Technology, Telecomm & Media  A+
ANHEUSER-BUSCH INBEV WORLDWIDE INC0.66712400005.0004/15/2020Consumer  A-
JPMORGAN CHASE & CO0.65372500003.9007/15/2025Financials  A-
DISCOVER BANK0.64752500003.1006/04/2020Financials  BBB
BANK OF AMERICA CORP0.64632550004.0001/22/2025Financials  BBB
GOLDMAN SACHS GROUP INC/THE0.64192550003.5001/23/2025Financials  BBB+
SUMITOMO MITSUI FINANCIAL GROUP IN0.64152500003.7803/09/2026Financials  A-
VERIZON COMMUNICATIONS INC0.63942500003.0011/01/2021Technology, Telecomm & Media  BBB+
SVENSKA HANDELSBANKEN AB0.63872500002.5001/25/2019Financials  AA-
CITIGROUP INC0.63852500003.5005/15/2023Financials  BBB
CREDIT SUISSE GROUP FUNDING (GUERN0.63732500003.8009/15/2022Financials  BBB+
HUNTINGTON NATIONAL BANK (THE)0.63722500002.2011/06/2018Financials  BBB+
NATIONAL AUSTRALIA BANK LTD0.63652500002.6307/23/2020Financials  AA-
UBS AG (STAMFORD BRANCH)0.63552500002.3808/14/2019Financials  A+
MICROSOFT CORPORATION0.63332500002.4002/06/2022Technology, Telecomm & Media  AAA
AT&T INC0.63282500002.8002/17/2021Technology, Telecomm & Media  BBB+
AT&T INC0.63272500002.4506/30/2020Technology, Telecomm & Media  BBB+
ORACLE CORP0.63222500002.5010/15/2022Technology, Telecomm & Media  AA-
ABBVIE INC0.63182500002.9011/06/2022Consumer  A-
WELLS FARGO & COMPANY0.63122500002.1501/30/2020Financials  A
COMMONWEALTH BANK OF AUSTRALIA (NE0.63082500002.0503/15/2019Financials  AA-
AUSTRALIA AND NEW ZEALAND BANKING0.62582500002.3006/01/2021Financials  AA-
CITIGROUP INC0.62142500003.4005/01/2026Financials  BBB+
ABBVIE INC0.61642400003.2011/06/2022Consumer  A-
SUMITOMO MITSUI FINANCIAL GROUP IN0.61472500002.0607/14/2021Financials  A-
WELLS FARGO & COMPANY0.61042500003.0004/22/2026Financials  A
WELLS FARGO & CO0.60812250004.4801/16/2024Financials  A-
JPMORGAN CHASE & CO0.60612500002.9510/01/2026Financials  A-
SHIRE ACQUISITIONS INVESTMENTS IRE0.59612500003.2009/23/2026Consumer  BBB-
APPLE INC0.57402300002.4005/03/2023Technology, Telecomm & Media  AA+
JPMORGAN CHASE & CO0.57182300003.1301/23/2025Financials  A-
GILEAD SCIENCES INC0.56952250003.5002/01/2025Consumer  A
HSBC HOLDINGS PLC0.56242100004.0003/30/2022Financials  A
CHEVRON CORP0.55752150003.1906/24/2023Energy  AA-
JPMORGAN CHASE & CO0.55052200003.3004/01/2026Financials  A-
BP CAPITAL MARKETS PLC0.55032000004.5010/01/2020Energy  A-
GOLDMAN SACHS GROUP INC/THE0.54852100004.0003/03/2024Financials  BBB+
WELLS FARGO & COMPANY0.52142000003.5003/08/2022Financials  A
MORGAN STANLEY0.52082000003.7502/25/2023Financials  BBB+
AERCAP IRELAND CAPITAL LTD / AERCA0.52072000003.9502/01/2022Financials  BBB-
HSBC HOLDINGS PLC0.51432000003.9005/25/2026Financials  A
WELLS FARGO & COMPANY0.51402000003.5509/29/2025Financials  A
CVS HEALTH CORP0.51372000002.8007/20/2020Consumer  BBB+
MORGAN STANLEY0.51202000003.8801/27/2026Financials  BBB+
CAPITAL ONE FINANCIAL CORP0.51172000003.5006/15/2023Financials  BBB
CAPITAL ONE FINANCIAL CORP0.51162000002.4504/24/2019Financials  BBB
ALIBABA GROUP HOLDING LTD0.51102000002.5011/28/2019Consumer  A+
WELLS FARGO & COMPANY0.51022000002.1304/22/2019Financials  A
US BANCORP0.51012000002.9507/15/2022Financials  A-
GE CAPITAL INTERNATIONAL FUNDING C0.50942000002.3411/15/2020Financials  AA-
LLOYDS BANK PLC0.50512000002.4003/17/2020Financials  A
CITIGROUP INC0.50002000003.3004/27/2025Financials  BBB+
AMERICAN EXPRESS CREDIT CORPORATIO0.49551950002.6009/14/2020Financials  A-
COMCAST CORPORATION0.49472000003.1503/01/2026Industrial  A-
AMERICAN INTERNATIONAL GROUP INC0.49221900003.3808/15/2020Financials  BBB+
ORACLE CORPORATION0.48112000002.6507/15/2026Technology, Telecomm & Media  AA-
TEVA PHARMACEUTICAL FINANCE NETHER0.47902000002.8007/21/2023Consumer  BBB
MICROSOFT CORPORATION0.47632000002.4008/08/2026Technology, Telecomm & Media  AAA
CVS CAREMARK CORP0.46701750004.0012/05/2023Consumer  BBB+
TOYOTA MTR CRD CORP MTN BE0.46491700004.5006/17/2020Industrial  AA-
EXELON CORP0.46261800002.8506/15/2020Energy  BBB-
OMNICOM GROUP INC.0.45751700004.4508/15/2020Industrial  BBB+
BANK OF NOVA SCOTIA0.45721800002.0506/05/2019Financials  A+
AT&T INC0.44761750003.6002/17/2023Technology, Telecomm & Media  BBB+
JPMORGAN CHASE & CO0.44691750003.7802/01/2028Financials  A-
AMGEN INC0.43121700002.7005/01/2022Consumer  A
ACE INA HOLDINGS INC0.42841700003.1503/15/2025Financials  A
GOLDMAN SACHS GROUP INC/THE0.42821500005.7501/24/2022Financials  BBB+
CREDIT SUISSE NEW YORK NY0.40721500005.3008/13/2019Financials  A
BANK OF NEW YORK MELLON CORP/THE0.40671600002.3009/11/2019Financials  A
ALTRIA GROUP INC0.40431600002.8508/09/2022Consumer  A-
EXXON MOBIL CORP0.40301600002.7303/01/2023Energy  AA+
REYNOLDS AMERICAN INC0.39961500004.0006/12/2022Consumer  BBB
VERIZON COMMUNICATIONS INC0.39751580002.9503/15/2022Technology, Telecomm & Media  BBB+
SHELL INTERNATIONAL FINANCE BV0.39571550003.2505/11/2025Energy  A
BANK OF NEW YORK MELLON CORP/THE0.39421500003.6502/04/2024Financials  A
MPLX LP0.39391500004.5007/15/2023Energy  BBB-
EXPRESS SCRIPTS HOLDING CO0.39351500003.9002/15/2022Consumer  BBB+
INTERCONTINENTAL EXCHANGE INC0.38651500002.7512/01/2020Financials  A
SYSCO CORPORATION0.38541500002.6010/01/2020Consumer  BBB+
DOMINION RESOURCES INC/VA0.38411500002.5012/01/2019Energy  BBB
MICROSOFT CORPORATION0.38371500003.3002/06/2027Technology, Telecomm & Media  AAA
STATE STREET CORP0.38291500002.5508/18/2020Financials  A
APPLE INC0.38221500003.3502/09/2027Technology, Telecomm & Media  AA+
ROYAL BANK OF CANADA0.38211500002.3510/30/2020Financials  AA-
APPLE INC0.38151500003.2502/23/2026Technology, Telecomm & Media  AA+
COCA-COLA CO0.37971500001.8810/27/2020Consumer  AA-
TIME WARNER INC0.37931500003.8801/15/2026Industrial  BBB
PFIZER INC0.37761500001.9506/03/2021Consumer  AA
SHIRE ACQUISITIONS INVESTMENTS IRE0.37451500001.9009/23/2019Consumer  BBB-
CVS HEALTH CORP0.37281500002.1306/01/2021Consumer  BBB+
HCP INC0.36781450002.6302/01/2020Financials  BBB
WESTPAC BANKING CORP0.36761500002.8505/13/2026Financials  AA-
SOUTHERN COMPANY (THE)0.36581500003.2507/01/2026Energy  BBB+
CATERPILLAR FINANCIAL SERVICES COR0.36491500001.7008/09/2021Industrial  A
DEUTSCHE BANK AG (LONDON BRANCH)0.36201450003.7005/30/2024Financials  BBB+
AMERICAN EXPRESS COMPANY0.35921400003.6312/05/2024Financials  BBB
MORGAN STANLEY0.35091450003.1307/27/2026Financials  BBB+
MICROSOFT CORPORATION0.34731400002.7002/12/2025Technology, Telecomm & Media  AAA
KINDER MORGAN ENERGY PARTNERS LP0.34431350002.6502/01/2019Energy  BBB-
LYB INTERNATIONAL FINANCE BV0.34391300004.0007/15/2023Industrial  BBB
VENTAS REALTY LP0.34371300004.0004/30/2019Financials  BBB+
BOSTON PROPERTIES LP0.33781200005.6311/15/2020Financials  A-
CISCO SYSTEMS INC0.33121300002.1303/01/2019Technology, Telecomm & Media  AA-
HEWLETT-PACKARD CO0.32911250004.0509/15/2022Technology, Telecomm & Media  BBB
TOTAL CAPITAL CANADA LTD0.32521300002.7507/15/2023Energy  A+
MCDONALDS CORPORATION0.31881250003.3806/01/2025Consumer  BBB+
APPLE INC0.31591200003.4505/06/2024Technology, Telecomm & Media  AA+
APPLE INC0.31581250002.2502/23/2021Technology, Telecomm & Media  AA+
SIMON PROPERTY GROUP LP0.31501200003.7502/01/2024Financials  A
CITIGROUP INC0.31081200004.4006/10/2025Financials  BBB
FIFTH THIRD BANCORP0.30831200002.8807/27/2020Financials  BBB+
GENERAL ELECTRIC CAPITAL CORP0.30691200002.2001/09/2020Industrial  AA-
GILEAD SCIENCES INC0.30601200002.0504/01/2019Consumer  A
EBAY INC.0.30261200003.4508/01/2024Consumer  BBB+
AIR LEASE CORPORATION0.30111200002.1301/15/2020Financials  BBB
GOLDMAN SACHS GROUP INC0.30011100005.3803/15/2020Financials  BBB+
BANK OF MONTREAL0.29981200001.5007/18/2019Financials  A+
STRYKER CORPORATION0.29201150003.5003/15/2026Consumer  A
KEYCORP0.28121000005.1003/24/2021Financials  BBB+
AMERICA MOVIL SAB DE CV0.27481000005.0010/16/2019Technology, Telecomm & Media  A-
REALTY INCOME CORPORATION0.27321000004.6508/01/2023Financials  BBB+
EI DU PONT DE NEMOURS & CO0.27311000004.2504/01/2021Industrial  A-
21ST CENTURY FOX AMERICA INC0.26941000004.5002/15/2021Industrial  BBB+
SIMON PROPERTY GROUP L.P.0.26931000004.3803/01/2021Financials  A
PEPSICO INC0.26421000003.6003/01/2024Consumer  A
REPUBLIC SERVICES INC0.26391000003.5506/01/2022Industrial  BBB+
INTERNATIONAL BUSINESS MACHINES CO0.26371000003.6302/12/2024Technology, Telecomm & Media  AA-
INTEL CORP0.26351000003.7007/29/2025Technology, Telecomm & Media  A+
NOVARTIS CAPITAL CORP0.26221000003.4005/06/2024Consumer  AA-
AMGEN INC0.26201000003.6305/22/2024Consumer  A
PRUDENTIAL FINANCIAL INC0.26121000003.5005/15/2024Financials  A
MORGAN STANLEY0.26101000004.0007/23/2025Financials  BBB+
COMCAST CORPORATION0.26001000003.6003/01/2024Industrial  A-
BIOGEN INC0.25941000003.6309/15/2022Consumer  A-
BURLINGTON NORTHERN SANTA FE LLC0.25791000003.0503/15/2022Industrial  A
INTERNATIONAL BUSINESS MACHINES CO0.25781000003.4502/19/2026Technology, Telecomm & Media  AA-
SYNCHRONY FINANCIAL0.25661000003.0008/15/2019Financials  BBB-
LOWES COMPANIES INC0.25641000003.3809/15/2025Consumer  A-
ORANGE SA0.25581000002.7502/06/2019Technology, Telecomm & Media  BBB+
HOME DEPOT INC0.25571000002.6306/01/2022Consumer  A
ROPER TECHNOLOGIES INC0.25531000003.8012/15/2026Industrial  BBB
AON PLC0.25521000003.5006/14/2024Financials  A-
AMGEN INC0.25511000002.2005/22/2019Consumer  A
ENTERPRISE PRODUCTS OPERATING LLC0.25451000003.7502/15/2025Energy  BBB+
WELLPOINT INC0.25301000002.2508/15/2019Consumer  A
ERP OPERATING LP0.25281000003.0004/15/2023Financials  A-
SOUTHERN POWER COMPANY0.25221000001.9512/15/2019Energy  BBB+
HEWLETT PACKARD ENTERPRISE CO0.2520950004.9010/15/2025Technology, Telecomm & Media  BBB
ANALOG DEVICES INC0.25191000003.5012/05/2026Technology, Telecomm & Media  BBB
MUFG AMERICAS HOLDINGS CORP0.25181000002.2502/10/2020Financials  A
FIDELITY NATIONAL INFORMATION SERV0.2518950003.6310/15/2020Technology, Telecomm & Media  BBB
INTERNATIONAL BUSINESS MACHINES CO0.25101000001.6305/15/2020Technology, Telecomm & Media  AA-
DUKE ENERGY CAROLINAS LLC0.25001000002.9512/01/2026Energy  A
PHILIP MORRIS INTERNATIONAL INC0.2497950003.6011/15/2023Consumer  A
WAL-MART STORES INC0.2493900004.2504/15/2021Consumer  AA
WALGREENS BOOTS ALLIANCE INC0.24871000003.4506/01/2026Consumer  BBB
BLACKROCK INC0.2486900005.0012/10/2019Financials  AA-
BNP PARIBAS0.2469900005.0001/15/2021Financials  A
ORACLE CORPORATION0.24691000001.9009/15/2021Technology, Telecomm & Media  AA-
PACIFIC GAS & ELECTRIC CO0.24621000002.9503/01/2026Energy  BBB+
FIFTH THIRD BANCORP0.2459950003.5003/15/2022Financials  BBB+
COMCAST CABLE CORP.0.2453950003.1307/15/2022Industrial  A-
PHILIP MORRIS INTERNATIONAL INC0.24241000002.7502/25/2026Consumer  A
APPLE INC0.23831000002.4508/04/2026Technology, Telecomm & Media  AA+
SHELL INTERNATIONAL FINANCE BV0.23521000002.5009/12/2026Energy  A
UNITED TECHNOLOGIES CORP0.2203800004.5004/15/2020Industrial  A-
TIME WARNER INC0.2173800004.7001/15/2021Industrial  BBB
TOTAL CAPITAL INTERNATIONAL SA0.2127800003.7504/10/2024Energy  A+
METLIFE INC0.2117800003.6004/10/2024Financials  A-
FISERV INC0.2098800003.5010/01/2022Technology, Telecomm & Media  BBB
NORFOLK SOUTHERN CORPORATION0.2067800003.0004/01/2022Industrial  BBB+
SEMPRA ENERGY0.2055800003.5506/15/2024Energy  BBB+
CBS CORP0.2041800003.7008/15/2024Industrial  BBB
BB&T CORP0.2040800002.4501/15/2020Financials  A-
CONOCOPHILLIPS0.2036750005.7502/01/2019Energy  A-
ENTERPRISE PRODUCTS OPERATING LLC0.2032800003.3503/15/2023Energy  BBB+
TIME WARNER INC0.2029800003.5506/01/2024Industrial  BBB
TYSON FOODS INC0.2003740004.5006/15/2022Consumer  BBB
KELLOGG COMPANY0.1999800003.2504/01/2026Consumer  BBB
OCCIDENTAL PETROLEUM CORPORATION0.1991800002.7002/15/2023Energy  A
HONEYWELL INTERNATIONAL INC0.1989800001.8511/01/2021Industrial  A
MARRIOTT INTERNATIONAL INC0.1970800002.3001/15/2022Industrial  BBB
EXXON MOBIL CORP0.1966800002.7103/06/2025Energy  AA+
CONOCOPHILLIPS CO0.1965800002.4012/15/2022Energy  A-
LOCKHEED MARTIN CORP0.1949750003.3509/15/2021Industrial  BBB+
CELGENE CORPORATION0.1927750003.8808/15/2025Consumer  BBB+
EOG RESOURCES INC0.1920750002.4504/01/2020Energy  BBB+
VALERO ENERGY CORPORATION0.1914800003.4009/15/2026Energy  BBB
BERKSHIRE HATHAWAY INC0.1882750003.1303/15/2026Financials  AA
CSX CORP0.1862700003.7010/30/2020Industrial  BBB+
WALGREENS BOOTS ALLIANCE INC0.1816700003.8011/18/2024Consumer  BBB
LOCKHEED MARTIN CORPORATION0.1798700003.5501/15/2026Industrial  BBB+
FEDEX CORP0.1768700003.2002/01/2025Industrial  BBB
PRUDENTIAL FINANCIAL INC0.1647600004.5011/15/2020Financials  A
BERKSHIRE HATHAWAY INC0.1639650002.2003/15/2021Financials  AA
MERCK & CO INC0.1618650002.7502/10/2025Consumer  AA
DUKE ENERGY CAROLINAS LLC0.1614600003.9006/15/2021Energy  A
DOMINION RESOURCES INC0.1609600004.4503/15/2021Energy  BBB
CITIZENS FINANCIAL GROUP INC0.1574600004.3012/03/2025Financials  BBB
ROPER TECHNOLOGIES INC0.1549600003.0012/15/2020Industrial  BBB
RIO TINTO FIN USA LTD0.1542520009.0005/01/2019Industrial  A-
ABBOTT LABORATORIES0.1528600002.3511/22/2019Consumer  BBB
MCKESSON CORP0.1521600002.2803/15/2019Consumer  BBB+
MERCK & CO INC0.1516600001.8502/10/2020Consumer  AA
L-3 COMMUNICATIONS CORP0.1515550005.2010/15/2019Industrial  BBB-
WALT DISNEY CO0.1513600003.0002/13/2026Industrial  A
ALTRIA GROUP INC0.1460550004.0001/31/2024Consumer  A-
HSBC FINANCE CORP0.1436500006.6801/15/2021Financials  A-
REYNOLDS AMERICAN INC0.1405540003.2506/12/2020Consumer  BBB
PRAXAIR INC0.1341500004.5008/15/2019Industrial  A
TRANSCANADA PIPELINES LIMITED0.1337500003.8010/01/2020Energy  A-
PNC FINANCIAL SERVICES GROUP INC0.1324500003.9004/29/2024Financials  BBB+
MIDAMERICAN ENERGY COMPANY0.1323500003.5010/15/2024Energy  A+
EOG RESOURCES INC0.1313500004.1501/15/2026Energy  BBB+
BERKSHIRE HATHAWAY FINANCE CORP0.1312500002.9010/15/2020Financials  AA
MCKESSON CORP0.1304500003.8003/15/2024Consumer  BBB+
WALGREENS BOOTS ALLIANCE INC0.1304500003.3011/18/2021Consumer  BBB
PROCTER & GAMBLE COMPANY0.1299500003.1008/15/2023Consumer  AA-
BECTON DICKINSON AND COMPANY0.1298500003.1311/08/2021Consumer  BBB+
21ST CENTURY FOX AMERICA INC0.1296500003.7010/15/2025Industrial  BBB+
THERMO FISHER SCIENTIFIC INC0.1275500002.4002/01/2019Consumer  BBB
AETNA INC0.1268500002.7511/15/2022Consumer  A
WASTE MANAGEMENT INC0.1267500003.1303/01/2025Industrial  A-
MEDTRONIC INC0.1266500002.7504/01/2023Consumer  A
BOSTON PROPERTIES LP0.1260500003.6502/01/2026Financials  A-
VIRGINIA ELECTRIC AND POWER COMPAN0.1259500003.1501/15/2026Energy  BBB+
NORTHROP GRUMMAN CORP0.1258500003.2002/01/2027Industrial  BBB
COCA-COLA COMPANY0.1258500002.8810/27/2025Consumer  AA-
VALERO ENERGY CORPORATION0.1246500003.6503/15/2025Energy  BBB
DUKE ENERGY CAROLINAS LLC0.1242500002.5003/15/2023Energy  A
VENTAS REALTY LP0.1236500003.5002/01/2025Financials  BBB+
WYETH0.1228400006.4502/01/2024Consumer  AA
JOHNSON & JOHNSON0.1228500002.0503/01/2023Consumer  AAA
ILLINOIS TOOL WORKS INC0.1223500002.6511/15/2026Industrial  A+
CISCO SYSTEMS INC0.1194500002.5009/20/2026Technology, Telecomm & Media  AA-
VODAFONE GROUP PLC0.1095400005.4506/10/2019Technology, Telecomm & Media  BBB+
TRANSCANADA CORPORATION0.1058400003.7510/16/2023Energy  A-
HALLIBURTON COMPANY0.1041400003.2511/15/2021Energy  BBB+
ONEOK PARTNERS LP0.1021400003.3810/01/2022Energy  BBB
EBAY INC.0.1014400002.2008/01/2019Consumer  BBB+
DISCOVERY COMMUNICATIONS INC0.1009400003.3005/15/2022Industrial  BBB-
DISCOVER FINANCIAL SERVICES0.0989400003.7503/04/2025Financials  BBB-
TARGET CORPORATION0.0953400002.5004/15/2026Consumer  A
CISCO SYSTEMS INC0.0778300003.0006/15/2022Technology, Telecomm & Media  AA-
HEALTH CARE REIT INC0.0773300003.7503/15/2023Financials  BBB+
MCDONALDS CORPORATION0.0772300002.7512/09/2020Consumer  BBB+
UNITED PARCEL SERVICE INC0.0764300002.4510/01/2022Industrial  A+
MARSH & MCLENNAN COMPANIES INC0.0763300003.5003/10/2025Financials  A-
EXPRESS SCRIPTS INC0.0761300002.2506/15/2019Consumer  BBB+
PUBLIC SERVICE ELECTRIC AND GAS CO0.0743300002.3805/15/2023Energy  A
HEWLETT-PACKARD CO0.0666250004.3809/15/2021Technology, Telecomm & Media  BBB
WASTE MANAGEMENT INC0.0623250002.4005/15/2023Industrial  A-
CISCO SYSTEMS INC0.0528200003.5006/15/2025Technology, Telecomm & Media  AA-
RIO TINTO FINANCE LTD0.0522200003.5003/22/2022Industrial  A-
MARSH & MCLENNAN COMPANIES INC0.0517200003.7503/14/2026Financials  A-
LLOYDS TSB BANK PLC0.0433150006.3801/21/2021Financials  A
MCDONALDS CORPORATION0.0379150002.6301/15/2022Consumer  BBB+
CMS ENERGY CORPORATION0.0366150003.0005/15/2026Energy  BBB
IBM CORP0.0302100008.3811/01/2019Technology, Telecomm & Media  AA-
BOEING CO0.0274100004.8802/15/2020Industrial  A
PRUDENTIAL FINANCIAL INC0.0258100005.2003/15/2044Financials  BBB+

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/26/201712/28/2017
12/01/201712/05/201712/07/2017
11/01/201711/03/201711/07/2017
10/02/201710/04/201710/06/2017
09/01/201709/06/201709/08/2017
08/01/201708/03/201708/07/2017
07/03/201707/06/201707/10/2017
06/01/201706/05/201706/07/2017
05/01/201705/03/201705/05/2017
04/03/201704/05/201704/07/2017
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.