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 21 March 2019
Asset Under Management 98.03 Million (USD)
1 Month Total Return 0.70 %
Year To Date Return 3.14 %
1 Year Total Return 4.86 %
3 Year Annualized Total Return 2.19 %
NAV 50.27
Share Outstanding 1,950,000
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
MORGAN STANLEY BOND 0.0164150000
GOLDMAN SACHS GROUP INC BOND 0.0125710000
JPMORGAN CHASE & CO BOND 0.0091240000
BROADCOM CORPORATION/BROADCOM CAYM BOND 0.0079920000
MORGAN STANLEY BOND 0.0077560000
CAPITAL ONE FINANCIAL CO BOND 0.0075250000
GOLDMAN SACHS GROUP INC BOND 0.0073450000
BANK OF AMERICA CORP BOND 0.0071510000
JPMORGAN CHASE & CO BOND 0.0071440000
REYNOLDS AMERICAN INC BOND 0.0068640000