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FlexShares Credit-Scored US Long Corporate Bond Index Fund (LKOR)

Quick StatsAs Of 12/07/2018

Market Price
$47.94 (-0.29%)
52-Week High
$55.13
52-Week Low
$47.12
Inception
09/23/2015
Primary Exchange
NASDAQ
CUSIP
33939L753
Total Net Assets
$26.50M
Number of Holdings*
239
SEC Subsidized Yield1 (as of 11/30/2018)
4.72%
SEC Unsubsidized Yield2 (as of 11/30/2018)
4.71%
Distribution Yield3
4.24%
12-Month Dividend Yield4
4.24%
Gross Expense Ratio
.24%
Net Expense Ratio**
.22%
Weighted Avg Maturity
23.42 yrs
Weighted Avg Effective Duration
13.49 yrs
Weighted Avg Yield to Maturity
4.86%
*Cash positions and derivatives such as futures & 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, 2019.

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 Long Corporate Bond IndexTM (Underlying Index).

DIFFERENT BY DESIGN

1. Identify a liquid universe of bonds with maturities of 10 years or more
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

VIDEO

 

1:51 | A New Approach to Fixed Income | Transcript

Innovation in Fixed Income Investing – A New Way to Keep “Score.”

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 AND PERFORMANCE

Select Month:
Performance
As of
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 09/24/2015, 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.
Select Quarter:
Greatest Premium
Greatest Discount
Days at Premium
Days at Discount
Days at Nav
Total Days in Period
As of
Information presented here is historical, and is not indicative of future results. Investment premiums or discounts may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above.
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 09/24/2015, 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.
Date -
Market Price
-
NAV
-
Bench mark
-
Index
-
Please select start and end dates
Past performance is not a guarantee of future results. The Growth of $10,000 chart is hypothetical based upon the historical performance of the Fund. It includes the reinvestment of dividends and capital gains at net asset value: actual returns may differ. It does not reflect the deduction of other fees and expenses, in which case the performance would have been lower. It is not possible to invest directly in an index.

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 09/24/2015, 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.
Select Year:
Distributions

HOLDINGS

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

SECTOR BREAKDOWN

LKOR holdings span _!SECTORNUMBER sectors

SUB-SECTOR BREAKDOWN

MATURITY

_!MATURITYVALUE of the portfolio has _!MATURITYNAME maturity

COUNTRY BREAKDOWN

Quality Allocations

As of: 12/07/2018
  • S&P
  • Moody's
  • Fitch
% of Total
AAA 2.94
AA 8.71
A 39.94
BBB 48.41
Total 100.00
% of Total
Aaa 3.23
Aa 4.58
A 42.80
Baa 48.04
Ba 1.20
Unclassified 0.15
Total 100.00
% of Total
BBB 0.35
Unclassified 99.65
Total 100.00

INDEX

The Northern Trust Credit-Scored US Long Corporate Bond Index is designed to measure the performance of a diversified universe of longer term maturity, US-dollar denominated bonds of companies with investment grade credit quality, and enhanced short-term and long-term solvency.

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.