LKORFlexShares Credit-Scored US Long Corporate Bond Index Fund
LKOR Fund Description
LKOR tracks an index of USD-denominated investment grade corporate bonds with at least 10 years to maturity selected and weighted by fundamental factors.
LKOR Factset Analytics Insight
LKOR is passively-managed to invest in USD-denominated long-term corporate bonds selected for value characteristics. The objective of the fund is to potentially deliver a higher total return than the broader US corporate bond market. The portfolio is optimized based on a proprietary Composite Alpha calculation and effective duration. Composite Alpha is determined by combining each issue’s quality and value scores along with their respective weights. The Quality score is a quantitative ranking that focuses on corporate finance, profitability measures and financial solvency. The value score is a quantitative measure including market and fundamental valuations, including issuer default risk. The index excludes bonds ranking in the lowest quintile of non-financial sectors of the Composite Alpha score. At the monthly reconstitution, LKOR’s sector exposure and effective duration is adjusted to be similar to its parent index. Individual issuer exposure is capped at 3.0%. Prior to May 1, 2020, LKOR follows the Northern Trust Credit-Scored U.S. Long Corporate Bond Index.
LKOR MSCI ESG Analytics Insight
FlexShares Credit-Scored US Long Corporate Bond Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 5.64 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 Credit-Scored US Long Corporate Bond Index Fund ranks in the 36th percentile within its peer group and in the 15th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
LKOR Summary Data
LKOR Portfolio Data
LKOR Index Data
LKOR Portfolio Management
LKOR Tax Exposures
LKOR Fund Structure
LKOR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of LKOR. LKOR is rated a N/A out of 5.
LKOR Sector/Industry Breakdown
LKOR Top 10 Holdings[View All]
LKOR Top 5 Countries
LKOR Top 5 Currencies