FlexShares Corporate Bond ETF Hits $680.7M AUM and Yields 4.68%
FlexShares Credit-Scored US Corporate Bond ETF holds $680.7M AUM, charges a 0.15% expense ratio and yields 4.68%. It returned 6.31% over the past 12 months and shows a 0.23 beta with 3.8% trailing three-year volatility.
1. Fund Overview
Launched on November 12, 2014, the FlexShares Credit-Scored US Corporate Bond ETF has amassed $680.7 million in assets under management. The fund charges a 0.15% annual expense ratio and offers a 12-month trailing dividend yield of 4.68%.
2. Performance and Risk
Year to date, the ETF has gained 0.45% and delivered a 6.31% return over the past 12 months. It carries a beta of 0.23 and a three-year standard deviation of 3.8%, reflecting moderate sensitivity and volatility for an investment-grade bond fund.
3. Top Holdings
The ETF’s largest allocation is cash at about 0.95%, followed by a Bank of Nova Scotia callable bond at 8.63% and Broadcom Inc. callable notes at 4.6%. Its top 10 holdings account for approximately 4.63% of total assets, providing broad diversification across high-quality corporate issuers.
4. Alternatives
Investors can consider State Street SPDR Portfolio Intermediate Term Corporate Bond ETF with $10.79 billion in AUM and a 0.04% expense ratio, or Vanguard Intermediate-Term Corporate Bond Index Fund ETF Shares with $65.4 billion AUM and a 0.03% expense ratio, for lower-cost exposure.