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FlexShares Fixed Income High Yield Fund

For investors seeking income diversification while focusing on value and quality issuers.

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corporate Bond Index (the Underlying Index).

  • $40.64 (0.07%)

  • $38.86

  • 0.22%

  • $41.71/$38.01

  • $40.64 (0.07%)

RESOURCES

 Tax & Legal Documents Archive

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INDEX

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The Northern Trust High Yield Value-Scored US Corporate Bond Index is designed to measure the performance of a diversified universe of high yield, US-dollar denominated bonds of companies exhibiting favorable fundamental qualities, market valuations and liquidity, as defined by Northern Trust Investments, Inc.'s ("NTI") proprietary scoring models.

Index Methodology

Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information are in the prospectus and a summary prospectus, copies of which may be obtained on this website. Read the prospectus carefully before you invest. 

The FlexShares ETFs, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 are distributed by Foreside Fund Services, LLC, not affiliated with Northern Trust.  The Northern Trust ETFs, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust.  FlexShares ETFs, and Northern Trust ETFs, (the “Funds”), are managed by Northern Trust. 

All investments are subject to numerous risks, including possible loss of principal. Fund returns may not match the return of the respective indexes. The Funds are subject to the following principal risks: alternative minimum tax; asset class; authorized participant; calculation methodology; cash transactions risk; commodity; concentration; counterparty; credit (default); currency; debt extension; derivatives; dividend; emerging markets; Environmental, Social, Governance (ESG); equity securities; financial sector; fluctuation of yield and principal payment risk; foreign securities; fund termination risk; geographic; high portfolio turnover; income; index; industry concentration; inflation; infrastructure-related companies; interest rate; issuer; liquidity; large cap; management; market; market trading; mid cap stock; MLP; momentum; municipal investment risk; municipal market volatility risk; municipal tax liability risk; natural resources; new funds; non-diversification; passive investment; privatization; prepayment (or call); return of capital/distribution; sampling; securities lending; small fund; small cap stock; tracking error; valuation; value investing; and volatility risk. A full description of risks is in the prospectus. 

Individual investors should contact their financial advisor or broker dealer representative for more information on the Funds.

Investment Products and Services are:
NOT FDIC INSURED, MAY LOSE VALUE, NO BANK GUARANTEE

All registered investment companies are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.

Foreside Fund Services, LLC

Investing in both actively and passively managed funds involves risk and principal loss is possible. Active investing has higher management fees because of the manager’s increased level of involvement while passive investing has lower management and operating fees. Actively managed funds may have higher portfolio turnover than passively managed funds. Excessive turnover can limit returns and can incur capital gains.

FlexShares High Yield Value-Scored Bond Index Fund (HYGV) invests in high yield securities, which are considered highly speculative, and is subject to greater credit risk, price volatility and risk of loss than if it invested primarily in investment grade securities.

There is a higher risk that an issuer will be unable to meet principal and interest rate payments on an obligation and may also be subject to more substantial price volatility due to such factors as interest rate sensitivity, market perception of credit worthiness of and general market liquidity than if the fund invested in investment grade securities.

The fund may invest in distressed securities, which generally exposes the fund to risks in addition to investing in non-investment grade securities. These risks can adversely impact the Fund’s return and net asset value. When interest rates rise, the value of corporate debt can be expected to decline. The value of the securities in the Fund’s portfolio may fluctuate, sometimes rapidly and unpredictably at a greater level than the overall market.

The Fund may invest in derivative instruments. Changes in the value of the derivative may not correlate with the underlying asset, rate or index and the Fund could lose more than the principal amount invested.

The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.

The fund is also subject to the risk that the Fund’s investment in companies whose securities are believed to be undervalued will not appreciate in value as anticipated.

The Northern Trust High Yield Value-Scored US Corporate Bond Index is the intellectual property (including registered trademarks) of Northern Trust and/or its licensors ("Licensors"), which is used under license. The securities based on the Index are in no way sponsored, endorsed, sold or promoted by Northern Trust and its Licensors and neither of the Licensors shall have any liability with respect thereto.

 

All data provided by: Northern Trust, J.P. Morgan, Refinitiv and Morningstar.