FEIG

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

$41.34

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) seeks to provide investment results that correspond generally to the price and yield performance of the Northern Trust ESG & Climate Investment Grade Corporate Core Index.

Overview

ETF tracking FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

Category Corporate Bonds

Issuer Other

Inception Date 2021-09-21

Market Cap $43.4M

Average Volume N/A

Dividend Yield 4.07%

52-Week Range $39.81 - $42.13

VWAP $41.39

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a portfolio of investment-grade corporate bonds that are selected based on environmental, social, and governance (ESG) criteria and climate-related metrics. The index aims to provide exposure to corporate bonds with improved ESG characteristics and reduced carbon footprint compared to a broad investment-grade corporate bond index.

✨ Key Features

Focuses on investment-grade corporate bonds with strong ESG and climate-related characteristics
Seeks to provide exposure to corporate bonds with lower carbon emissions and improved sustainability metrics
Employs a rules-based index methodology to select and weight the underlying securities
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The fund is exposed to the creditworthiness of the underlying corporate bond issuers and the risk of default
Interest rate risk: The value of the fund's holdings may decline due to rising interest rates
ESG and climate-related risks: The fund's performance may be impacted by the evolving nature of ESG and climate-related factors
Liquidity risk: The fund may experience difficulty in buying or selling certain holdings due to lack of market depth

👤 Best For

This ETF may be suitable for investors seeking exposure to investment-grade corporate bonds with a focus on ESG and climate-related considerations. It may be particularly appealing to investors with a long-term investment horizon and a preference for sustainable investing approaches.