SKOR

Fund Description
FlexShares Credit-Scored US Corporate Bond Index Fund seeks to provide investors the investment benefits of intermediate maturity corporate bonds while offering a contemporary credit evaluation process with improved liquidity. SKOR tracks a newly developed credit index focused on U.S. intermediate 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 intermediate corporate bond universe. The Northern Trust Credit-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of intermediate maturity, U.S.-dollar denominated bonds of companies with investment grade-like characteristics, and enhanced short-term and long-term solvency.
Fund Profile
Fund Name FlexShares Credit-Scored US Corporate Bond Index Fund
Fund Exchange Ticker SKOR
Fund Sponsor Flexshares (Northern Trust)
Fund ISIN US33939L7617
Net Expense Ratio 0.22 %
Fund Inception Date 12 November 2014
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 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 Intermediate (3-10) years
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 October 2020
Asset Under Management 200.28 Million (USD)
1 Month Total Return 0.65 %
Year To Date Return 7.26 %
1 Year Total Return 7.90 %
3 Year Annualized Total Return 5.59 %
NAV 54.87
Share Outstanding 3,650,000
Top 10 Holdings (22 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
APPLE INC BOND 0.0090490000
USD CASH(Alpha Committed) CASH 0.0066680000
VERIZON COMMUNICATIONS BOND 0.0060460000
ABBVIE INC BOND 0.0053930000
ABBVIE INC BOND 0.0053560000
CAPITAL ONE BANK USA NA BOND 0.0053430000
ARES CAPITAL CORP BOND 0.0051870000
CAPITAL ONE FINANCIAL CO BOND 0.0046380000
ALIBABA GROUP HOLDING BOND 0.0044510000
CAPITAL ONE FINANCIAL CO BOND 0.0044460000