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FlexShares High Yield Value-Scored Bond Index Fund (HYGV)

Quick StatsAs Of 12/14/2018

Market Price
$46.97 (-0.48%)
52-Week High
$50.47
52-Week Low
$46.83
Inception
07/17/2018
Primary Exchange
NYSE
CUSIP
33939L662
Total Net Assets
$37.65M
Number of Holdings*
258
SEC Subsidized Yield1 (as of 11/30/2018)
8.14%
SEC Unsubsidized Yield2 (as of 11/30/2018)
8.14%
Distribution Yield3
11.39%
12-Month Dividend Yield4
4.53%
Gross Expense Ratio
.37%
Net Expense Ratio
.37%
Weighted Avg Maturity
6.30 yrs
Weighted Avg Effective Duration
4.09 yrs
Weighted Avg Yield to Maturity
8.77%
*Cash positions and derivatives such as futures & currency forwards are not included in the number of holdings.

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 High Yield Value-Scored US Corporate Bond IndexSM (the Underlying Index).

DIFFERENT BY DESIGN

1. Innovative high yield fund focusing on maximizing the value factor
2. Target credit beta1 to determine relative value of securities for the portfolio
3. Utilizes proprietary credit scoring and liquidity screening techniques

1Credit beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.

FLEXSHARES STRATEGY

Income Generation

Predictable income generation is an essential pursuit as investors strive to meet financial obligations and achieve long-term goals. But each investor’s outcome is affected by individual factors like the stage of his or her lifecycle (i.e., accumulation versus retirement), plus macro factors like the rate of inflation or disinflation. Traditionally, income has been generated from variable sources like interest payments, dividends and capital gains, as well as guaranteed sources like annuities. Yet, traditional income sources have become less predictable as financial markets have become more global and dynamic. The following income generation solutions may complement investors’ portfolios by seeking to provide targeted and innovative sources of income to respond to dynamic market factors.

PRICING

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).

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. 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 07/18/18, when the fund first traded on New York Stock Exchange. 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.
Select Year:
Distributions

HOLDINGS

Top 10 holdings for HYGV make up _!HOLDINGPERCENT of the fund's total holdings

SECTOR BREAKDOWN

HYGV holdings span _!SECTORNUMBER sectors

SUB-SECTOR BREAKDOWN

MATURITY

_!MATURITYVALUE of the portfolio has _!MATURITYNAME maturity

COUNTRY BREAKDOWN

Quality Allocations

As of: 12/14/2018
  • S&P
  • Moody's
% of Total
BBB 0.19
BB 30.56
B 47.42
CCC 19.71
CC 1.00
C 0.21
Unclassified 0.91
Total 100.00
% of Total
Baa 0.19
Ba 19.08
B 51.74
Caa 26.49
Ca 2.15
Unclassified 0.35
Total 100.00

INDEX

The Northern Trust High Yield Value-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity, as defined by Northern Trust Investments, Inc.'s ("NTI") proprietary scoring models.

Index Methodology

Definitions

1SEC 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.
2SEC 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.
3Distribution 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.
412-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.

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