Key stats
About FlexShares High Yield Value-Scored Bond Index Fund
Expense ratio
0.37%
Home page
Inception date
Jul 17, 2018
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, HYGVs 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. HYGVs portfolio is weighted to match the effective duration of the parent index and is reconstituted monthly.
Classification
What's in the fund
Exposure type
Corporate
Stocks0.07%
Finance0.07%
Bonds, Cash & Other99.93%
Corporate99.87%
Miscellaneous0.06%