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 14 June 2019
Asset Under Management 87.19 Million (USD)
1 Month Total Return 1.44 %
Year To Date Return 6.46 %
1 Year Total Return 8.46 %
3 Year Annualized Total Return 2.61 %
NAV 51.29
Share Outstanding 1,700,000
Top 10 Holdings (14 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
MORGAN STANLEY BOND 0.0185260000
GOLDMAN SACHS GROUP INC BOND 0.0143430000
MORGAN STANLEY BOND 0.0120490000
AT&T INC BOND 0.0097910000
CAPITAL ONE FINANCIAL CO BOND 0.0087930000
JPMORGAN CHASE & CO BOND 0.0082980000
ORACLE CORP BOND 0.0077030000
COMCAST CORP BOND 0.0074140000
BANK OF AMERICA CORP BOND 0.0073750000
VERIZON COMMUNICATIONS BOND 0.0071180000