LKOR FlexShares Credit-Scored US Long Corporate Bond Index Fund
What is LKOR?
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 Summary Data
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LKOR Portfolio Data
LKOR Index Data
LKOR Portfolio Management
LKOR Tax Exposures
LKOR Fund Structure
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 Tradability
LKOR Sector/Industry Breakdown
Benchmark
LKOR Top 10 Holdings
LKOR Performance Statistics
LKOR Top 5 Countries
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LKOR Top 5 Currencies
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LKOR Avg Life Maturity Distribution
LKOR OAS Breakdown
LKOR Holdings Statistics
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