LKOR

Fund Description
FlexShares Credit-Scored US Long Corporate Bond Index Fund seeks to provide investors the investment benefits of longer maturity corporate bonds while offering a contemporary credit evaluation process with improved liquidity. LKOR tracks a newly developed credit index focused on U.S. long maturity corporate bonds. The index starts with a liquid issuer universe, employs a proprietary model for credit scoring and then optimizes the index s constituents to maximize the credit score while maintaining duration, spread and other characteristics similar to the long corporate bond universe. If occurring, dividends from net investment income are generally declared and paid monthly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.
Fund Profile
Fund Name FlexShares Credit-Scored US Long Corporate Bond Index Fund
Fund Exchange Ticker LKOR
Fund Sponsor Flexshares (Northern Trust)
Fund ISIN US33939L7534
Net Expense Ratio 0.22 %
Fund Inception Date 23 September 2015
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Corporate
Asset Class Bonds
Index Linked Passive
Index Name Northern Trust Credit-Scored US Long Corporate Bond Index
Index Provider Northern Trust
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Corporate
Credit Quality Investment Grade Only
Average Maturity Long (10 + years)
Bond Currency Denomination USD
Key Statistics
Return As of Date 28 October 2020
Asset Under Management 46.84 Million (USD)
1 Month Total Return 0.43 %
Year To Date Return 10.42 %
1 Year Total Return 13.18 %
3 Year Annualized Total Return 9.39 %
NAV 62.45
Share Outstanding 750,001
Top 10 Holdings (27 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
USD CASH(Alpha Committed) CASH 0.0172260000
VERIZON COMMUNICATIONS BOND 0.0143580000
WACHOVIA CORPORATION BOND 0.0112960000
CHARTER COMMUNICATIONS OPERATING L BOND 0.0103770000
GOLDMAN SACHS GROUP INC BOND 0.0099300000
BAT CAPITAL CORP BOND 0.0093630000
BURLINGTN NORTH SANTA FE BOND 0.0087000000
PHILIP MORRIS INTL INC BOND 0.0083560000
UNION PACIFIC CORP BOND 0.0082410000
HOME DEPOT INC BOND 0.0080740000