| Fund Description |
| The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Corporate Bond Quality Value Index (Underlying Index). The Underlying Index reflects the performance of a broad universe of US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a sub-set of the securities included in the Parent Index, which is a market-capitalization weighted index comprised of US dollar-denominated investment grade corporate bonds. Effective April 30, 2020, the Fund s investment objective, principal investment strategies and underlying index were changed. Additionally, the underlying index for SKOR was changed from the Northern Trust Credit-Scored US Corporate Bond Index to the Northern Trust US Corporate Bond Quality Value Index. |
| 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 US Corporate Bond Quality Value 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 |
17 March 2023 |
| Asset Under Management |
239.24 Million (USD) |
| 1 Month Total Return |
0.41 % |
| Year To Date Return |
1.35 % |
| 1 Year Total Return |
-5.08 % |
| 3 Year Annualized Total Return |
-0.45 % |
| NAV |
46.91 |
| Share Outstanding |
5,100,000 |
| Top 10 Holdings (17 March 2023) |
| Constituent Name |
Constituent Ticker |
Constituent Type |
Weighting |
| ABBVIE INC CALLABLE NOTES FIXED 2.95 21/NOV/2026 |
|
BOND |
0.0079180000 |
| BROADCOM INC CALLABLE NOTES FIXED 4 15/APR/2029 |
|
BOND |
0.0078140000 |
| CHARLES SCHWAB CORP/THE CALLABLE NOTES FIXED 2.45 |
|
BOND |
0.0071370000 |
| ELEVANCE HEALTH INC CALLABLE NOTES FIXED 1.5 |
|
BOND |
0.0053640000 |
| SUMITOMO MITSUI FINANCIAL GROUP INC NOTES FIXED |
|
BOND |
0.0052510000 |
| FISERV INC CALLABLE NOTES FIXED 3.5 01/JUL/2029 |
|
BOND |
0.0051680000 |
| CITIGROUP INC CALLABLE NOTES VARIABLE 05/NOV/2030 |
|
BOND |
0.0051320000 |
| BANK OF AMERICA CORP CALLABLE MEDIUM TERM NOTE |
|
BOND |
0.0050500000 |
| NATWEST GROUP PLC CALLABLE NOTES VARIABLE |
|
BOND |
0.0050430000 |
| APPLE INC CALLABLE NOTES FIXED 3 13/NOV/2027 USD |
|
BOND |
0.0049760000 |