FlexShares Credit-Scored US Corporate Bond Index ETF

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SKOR Description
FlexShares Credit-Scored US Corporate Bond Index Fund seeks to provide investors the investment benefits of intermediate maturity corporate bonds while offering a contemporary credit evaluation process with improved liquidity. SKOR tracks a newly developed credit index focused on U.S. intermediate maturity corporate bonds. The index starts with a liquid issuer universe, employs a proprietary model for credit scoring and then optimizes the index’s constituents to maximize the credit score while maintaining duration, spread and other characteristics similar to the intermediate corporate bond universe. If occurring, dividends from net investment income are generally declared and paid monthly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.
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Country: United States
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