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FlexShares ESG & Climate High Yield Corporate Core Index Fund (FEHY)


SIMPLE SMART SUSTAINABLE

Quick StatsAs Of 12/03/2021

Market Price
$49.08 ( .00%)
52-Week High
$50.20
52-Week Low
$48.76
NAV Price
$49.09
Primary Exchange
NYSE Arca
CUSIP
33939L589
Total Net Assets
$49.08M
Number of Holdings*
540
Gross Expense Ratio
.24%
Net Expense Ratio**
.23%
Weighted Avg Maturity
7.12 yrs
Weighted Avg Effective Duration
4.33 yrs
Weighted Avg Yield to Worst
4.70%
Inception
9/20/2021
*Cash positions and derivatives such as futures & currency forwards are included in the number of holdings.
**Northern Trust Investments, Inc. (“NTI” or the “Adviser”) has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than Acquired Fund Fees and Expenses) to the extent the “Total Annual Fund Operating Expenses” exceed 0.23% until September 7, 2022. Performance would have been lower without fee waivers and expense reimbursements in effect.

OBJECTIVE AND STRATEGY

For investors seeking to align their ESG & climate values within core high yield.

VIDEO

1:40

PRICING AND PERFORMANCE

Date -
Market Price
Bid/Ask Mid Point Price
Please select start and end dates
Pricing information presented here is historical, and is not indicative of future results. Investment pricing may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. For most recent pricing please call 1-855-353-9383 (1-855-FlexETF).

Pricing will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current price may be lower or higher than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. For the most recent month-end performance, please see the Performance tab above. Click here to view or download a full prospectus or click here to view or download a summary prospectus. For the most recent month-end performance, please see the Performance tab above.
Date -
Market Price
-
NAV
-
Bench mark
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Index
-
Please select start and end dates
Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value (“NAV”) and are not individually redeemable from the fund. Call 855-FLEXETF (855-353-9383) for more information.

Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index. 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. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares. 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 09/21/2021, when the fund first traded on an exchange. Click here to view or download a full prospectus or click here to view or download a summary prospectus.

Northern Trust Investments, Inc. (“NTI” or the “Adviser”) has contractually agreed to reimburse a portion of the operating expenses of the Fund (other than Acquired Fund Fees and Expenses) to the extent the “Total Annual Fund Operating Expenses” exceed 0.23% until September 7, 2022. Performance would have been lower without fee waivers and expense reimbursements in effect.

The Northern Trust ESG & Climate High Yield U.S. Corporate Core Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies that also possess environmental, social, and governance (ESG) characteristics.

ICE BofA® US High Yield Index tracks the performance of below investment grade, but not in default, US dollar- denominated corporate bonds publicly issued in the US domestic market, and includes issues with a credit rating of BBB or below, as rated by Moody's and S&P.
Date -
SEC Subsidized Yield
SEC Unsubsidized Yield
Please select start and end dates
Yield information presented here is historical, and is not indicative of future results. Yield may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. For most recent pricing please call 1-855-353-9383 (1-855-FlexETF).

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. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund.

Click here to view or download a full prospectus or click here to view or download a summary prospectus. For standardized performance, please see the Performance tab above.
Select Year:
Distributions

HOLDINGS

SECTOR BREAKDOWN

SUB-SECTOR BREAKDOWN

MATURITY

COUNTRY BREAKDOWN

Quality Allocations

As of: 12/03/2021
  • S&P
  • Moody's
  • Fitch
% of Total
BBB 3.08
BB 57.15
B 26.20
CCC 10.62
CC 0.03
D 0.11
Cash/and or Derivatives 0.58
Unclassified 2.23
Total 100.00
% of Total
Baa 6.98
Ba 49.29
B 30.56
Caa 11.48
Ca 0.36
C 0.03
Cash/and or Derivatives 0.58
Unclassified 0.72
Total 100.00
% of Total
Cash/and or Derivatives 0.58
Unclassified 99.42
Total 100.00

INDEX

The Northern Trust ESG & Climate High Yield U.S. Corporate Core Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies that also possess environmental, social, and governance (ESG) characteristics.

Index Methodology

Definitions

ESG investing is defined as utilizing environmental, social, and governance (ESG) criteria as a set of standards for a company’s operations that socially conscious investors use to screen potential investments.
Premium/Discount
This is the calculation of a Fund's daily NAV (%) in comparison to the midpoint of the closing bid/ask as of 4PM ET.
Median Bid-Ask Spread
This is the calculation of a Fund's daily median bid-ask spread ($) by identifying the Fund’s National Best Bid and Offer ("NBBO") as of the end of each 10 second interval during the trading day within the last 30 calendar days, dividing the difference between such bid and offer by the midpoint of the NBBO and publishing the median of these values.

The Glossary contains definitions of widely used investment terms found on this page.