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FlexShares High Yield Value-Scored Bond Index Fund (HYGV)

Quick StatsAs Of 01/27/2020

Market Price
$48.31 (-0.65%)
52-Week High
$49.10
52-Week Low
$47.24
NAV Price
$48.34
Primary Exchange
NYSE Arca
CUSIP
33939L662
Total Net Assets
$149.86M
Number of Holdings*
591
SEC Subsidized Yield1 (as of 12/31/2019)
6.13%
SEC Unsubsidized Yield2 (as of 12/31/2019)
6.13%
Distribution Yield3
NA
12-Month Dividend Yield4 +
7.98%
Gross Expense Ratio
.37%
Net Expense Ratio**
.37%
Weighted Avg Maturity
7.36 yrs
Weighted Avg Effective Duration
3.22 yrs
Weighted Avg Yield to Maturity
6.47%
Inception
07/17/2018
*Cash positions and derivatives such as futures & currency forwards are not included in the number of holdings.
**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse certain expenses (amount is less than 0.005%) of the Trust's independent trustees until March 1, 2020.
+A portion of these distributions was from a source other than income earned by the Fund. If such amounts were not included, the 12-month Dividend Yield would have been lower. For more information, please click here to view the FlexShares High Yield Value-Scored Bond Index Fund's Department of the Treasury Internal Revenue Service From 8937-Report of Organizational Actions Affecting Basis of Securities dated January 13, 2020 and click here to view the ICI primary layout report dated January 21, 2020.


OBJECTIVE AND STRATEGY

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corporate Bond IndexSM (the Underlying Index).

VIDEO

1:34 | HYGV | Transcript

PRICING AND PERFORMANCE

Select Month:
Performance
As of
Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value (“NAV”) and are not individually redeemable from the fund. Call 855-FLEXETF (855-353-9383) for more information.

Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 07/18/2018, when the fund first traded on an exchange. Click here to view or download a full prospectus or click here to view or download a summary prospectus.

Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse certain expenses (amount is less than 0.005%) of the Trust's independent trustees until March 1, 2020. Performance would have been lower without fee waivers and expense reimbursements in effect.

The Northern Trust High Yield Value-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity, as defined by Northern Trust Investments, Inc.'s ("NTI") proprietary scoring models.

ICE BofA® US High Yield Index tracks the performance of below investment grade, but not in default, US dollar- denominated corporate bonds publicly issued in the US domestic market, and includes issues with a credit rating of BBB or below, as rated by Moody's and S&P.
Select Quarter:
Greatest Premium
Greatest Discount
Days at Premium
Days at Discount
Days at Nav
Total Days in Period
As of
Information presented here is historical, and is not indicative of future results. Investment premiums or discounts may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices.
Date -
Market Price
Bid/Ask Mid Point Price
Please select start and end dates
Pricing information presented here is historical, and is not indicative of future results. Investment pricing may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. For most recent pricing, please call your advisor.

Pricing will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current price may be lower or higher than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. For the most recent month-end performance, please see the Performance tab above. Click here to view or download a full prospectus or click here to view or download a summary prospectus. For the most recent month-end performance, please see the Performance tab above.
Date -
Market Price
-
NAV
-
Bench mark
-
Index
-
Please select start and end dates
Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value (“NAV”) and are not individually redeemable from the fund. Call 855-FLEXETF (855-353-9383) for more information. The Growth of $10,000 chart is hypothetical based upon the historical performance of the Fund. It includes the reinvestment of dividends and capital gains at net asset value: actual returns may differ. It does not reflect the deduction of other fees and expenses, in which case the performance would have been lower.

Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 07/18/2018, when the fund first traded on an exchange. Click here to view or download a full prospectus or click here to view or download a summary prospectus. For the most recent month-end performance, please see the Performance tab above.

Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse certain expenses (amount is less than 0.005%) of the Trust's independent trustees until March 1, 2020. Performance would have been lower without fee waivers and expense reimbursements in effect.

The Northern Trust High Yield Value-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity, as defined by Northern Trust Investments, Inc.'s ("NTI") proprietary scoring models.

ICE BofA® US High Yield Index tracks the performance of below investment grade, but not in default, US dollar- denominated corporate bonds publicly issued in the US domestic market, and includes issues with a credit rating of BBB or below, as rated by Moody's and S&P.
Date -
SEC Subsidized Yield
SEC Unsubsidized Yield
Please select start and end dates
Yield information presented here is historical, and is not indicative of future results. Yield may vary and, at the time of purchase or sale of an investment, it may not be indicative of the numbers above. For the most recent month-end performance, please see the Performance tab above.

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund.

Click here to view or download a full prospectus or click here to view or download a summary prospectus. For standardized performance, please see the Performance tab above.
Select Year:
Distributions
*For distributions occurring in calendar year 2018, a portion of the amounts indicated in the table above under "Income" and "Total Distribution" was from a source other than income earned by the Fund.

HOLDINGS

Top 10 holdings for HYGV make up _!HOLDINGPERCENT of the fund's total holdings

SECTOR BREAKDOWN

HYGV holdings span _!SECTORNUMBER sectors

SUB-SECTOR BREAKDOWN

MATURITY

_!MATURITYVALUE of the portfolio has _!MATURITYNAME maturity

COUNTRY BREAKDOWN

Quality Allocations

As of: 01/28/2020
  • S&P
  • Moody's
% of Total
A 0.15
BBB 2.39
BB 35.20
B 42.38
CCC 18.51
C 0.49
Unclassified 0.88
Total 100.00
% of Total
Baa 0.38
Ba 28.59
B 47.03
Caa 22.96
Ca 0.49
Unclassified 0.55
Total 100.00

INDEX

The Northern Trust High Yield Value-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity, as defined by Northern Trust Investments, Inc.'s ("NTI") proprietary scoring models.

Index Methodology

Definitions

1SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements.
2SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield.
3Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
412-Month Dividend Yield
This yield is the sum of all income distributions over the past twelve months and dividing by the most recent NAV.

The Glossary contains definitions of widely used investment terms found on this page.