HYGV

FlexShares High Yield Value-Scored Bond Index Fund

$40.59
+0.00%
Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The FlexShares High Yield Value-Scored Bond Index Fund seeks to provide exposure to high-yield corporate bonds with a focus on value-oriented securities.

Overview

ETF tracking FlexShares High Yield Value-Scored Bond Index Fund

Category High Yield
Issuer Other
Inception Date 2018-07-18
Market Cap $1.2B
Average Volume N/A
Dividend Yield 6.28%
52-Week Range $38.45 - $41.51
VWAP $40.60

Performance

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Investment Summary

📎 Investment Objective

The FlexShares High Yield Value-Scored Bond Index Fund seeks to provide exposure to high-yield corporate bonds with a focus on value-oriented securities.

🎯 Investment Strategy

The fund tracks the Northern Trust High Yield Value-Scored US Corporate Bond Index, which selects and weights high-yield corporate bonds based on a proprietary value scoring methodology. The goal is to provide exposure to high-yield bonds that exhibit attractive valuation characteristics.

✨ Key Features

  • Focuses on high-yield corporate bonds with a value-oriented approach
  • Utilizes a proprietary scoring system to identify bonds with attractive valuations
  • Diversified exposure to the high-yield corporate bond market
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • High-yield bonds are subject to greater credit and default risk compared to investment-grade bonds
  • Exposure to interest rate risk as bond prices may decline when interest rates rise
  • Potential for lower liquidity in the high-yield bond market during periods of market stress
  • Concentration risk as the fund is focused on the high-yield corporate bond segment

👤 Best For

This ETF may be suitable for investors seeking exposure to high-yield corporate bonds with a value-oriented approach, as part of a diversified fixed income allocation. Investors should have a higher risk tolerance and a longer-term investment horizon to withstand the volatility inherent in the high-yield bond market.