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FlexShares Credit-Scored US Corporate Bond Index ETF (SKOR)

- NASDAQ
  • Nov. 13, 2014, 11:59 AM
    • The FlexShares Credit-Scored U.S. Corporate Bond Index Fund (NASDAQ:SKOR) will track an index of fixed income securities, focusing on intermediate maturity and selected using a proprietary credit evaluation process.
    • SKOR "employs a rules-based methodology that incorporates forward-looking financial metrics to optimize credit risk while providing improved transparency and liquidity as compared to legacy corporate bond benchmarks," said Shundrawn A. Thomas, head of Northern Trust’s Funds and Managed Accounts Group in a press release.
    • Other U.S. investment grade corporate bond ETFs with intermediate maturity: VCIT, CIU, ITR, SKOR
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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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