Symbols

HYGV

FlexShares High Yield Value-Scored Bond Index Fund·NYSE

--(--)

Key Stats

Assets Under Management

1.17BUSD

Fund Flows (1Y)

-271.74MUSD

Dividend Yield

7.45%

Discount/Premium to NAV

0.08%

Shares Outstanding

28.60M

Expense Ratio

0.37%

About FlexShares High Yield Value-Scored Bond Index Fund

Issuer

Northern Trust

Brand

FlexShares

Home Page

https://www.flexshares.com/us/en/individual/funds/hygv

Inception Date

Jul 17, 2018

Structure

Open-Ended Fund

Index Tracked

Northern Trust High Yield Value-Scored US Corporate Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Northern Trust Investments, Inc.(Investment Management)

Distributor

Foreside Fund Services LLC

HYGV focuses on USD-denominated high-yield corporate bonds of varied maturities that maximize its exposure to a value-score factor relative to the eligible universe. Like some of its FlexShares siblings, HYGV's holdings are selected and optimized based on their exposure to quantitative factors such as value, credit, and liquidity. Optimization also includes several constraints on exposure to specific security, issuer, sector, credit, and liquidity factors. For example, the securities that fall in the bottom 5% of each sector in terms of liquidity are removed from the portfolio. Securities from issuers that fall in the lowest decile for credit score are also removed. HYGV's portfolio is weighted to match the effective duration of the parent index and is reconstituted monthly.