HYGVFlexShares High Yield Value-Scored Bond Index Fund
HYGV Fund Description
HYGV tracks a proprietary fundamental-weighted index of USD-denominated high-yield corporate bonds selected based on value, credit, and liquidity.
HYGV Factset Analytics Insight
HYGV focuses on USD-denominated high-yield corporate bonds of varied maturities that maximize its exposure to a value-score factor relative to the eligible universe. Like some of its FlexShares siblings, HYGV’s holdings are selected and optimized based on their exposure to quantitative factors such as value, credit, and liquidity. Optimization also includes several constraints on exposure to specific security, issuer, sector, credit, and liquidity factors. For example, the securities that fall in the bottom 5% of each sector in terms of liquidity are removed from the portfolio. Securities from issuers that fall in the lowest decile for credit score are also removed. HYGV’s portfolio is weighted to match the effective duration of the parent index and is reconstituted monthly.
HYGV MSCI ESG Analytics Insight
FlexShares High Yield Value-Scored Bond Index Fund has an MSCI ESG Fund Rating of BB based on a score of 3.85 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FlexShares High Yield Value-Scored Bond Index Fund ranks in the 9th percentile within its peer group and in the 23th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HYGV Summary Data
HYGV Portfolio Data
HYGV Index Data
HYGV Portfolio Management
HYGV Tax Exposures
HYGV Fund Structure
HYGV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HYGV. HYGV is rated a N/A out of 5.
HYGV Sector/Industry Breakdown
HYGV Top 10 Holdings[View All]
HYGV Top 5 Countries
HYGV Top 5 Currencies