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 19 March 2019
Asset Under Management 27.72 Million (USD)
1 Month Total Return 0.16 %
Year To Date Return 4.24 %
1 Year Total Return 2.54 %
3 Year Annualized Total Return 4.11 %
NAV 50.4
Share Outstanding 550,001
Top 10 Holdings (19 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
COMCAST CORP BOND 0.0193800000
APPLE INC BOND 0.0137590000
VERIZON COMMUNICATIONS BOND 0.0132830000
AT&T INC BOND 0.0132000000
WYETH LLC BOND 0.0116110000
CITIGROUP INC BOND 0.0111330000
BANK OF AMERICA CORP BOND 0.0111140000
VERIZON COMMUNICATIONS BOND 0.0111010000
ORACLE CORP BOND 0.0109690000
21ST CENTURY FOX AMERICA BOND 0.0109670000