FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR)
LKOR is a passive ETF by Northern Trust tracking the investment results of the Northern Trust US Long Corporate Bond Quality Value Index. LKOR launched on Sep 24, 2015 and has a 0.22% expense ratio.
ETF Info
| ISIN | US33939L7534 |
|---|---|
| CUSIP | 33939L753 |
| Issuer | Northern Trust |
| Inception Date | Sep 24, 2015 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Index Tracked | Northern Trust US Long Corporate Bond Quality Value Index |
| Asset Class | Bond |
Expense Ratio
The FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund has a high expense ratio of 0.22%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund had a return of -5.29% year-to-date (YTD) and -0.40% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -5.29% | 6.33% |
| 1 month | -3.76% | -2.81% |
| 6 months | 10.76% | 21.13% |
| 1 year | -0.40% | 24.56% |
| 5 years (annualized) | 0.58% | 11.55% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.70% | -2.39% | 2.03% | |||||||||
| 2023 | -5.30% | -3.87% | 10.84% | 7.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund(LKOR)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund (LKOR) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund granted a 5.40% dividend yield in the last twelve months. The annual payout for that period amounted to $2.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.26 | $2.19 | $1.99 | $2.79 | $4.12 | $2.15 | $2.05 | $2.07 | $2.77 | $0.61 |
Dividend yield | 5.40% | 4.90% | 4.71% | 4.73% | 6.56% | 3.71% | 4.21% | 3.78% | 5.53% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.20 | $0.19 | |||||||||
| 2023 | $0.00 | $0.18 | $0.16 | $0.18 | $0.18 | $0.19 | $0.18 | $0.19 | $0.18 | $0.18 | $0.19 | $0.38 |
| 2022 | $0.00 | $0.16 | $0.14 | $0.16 | $0.16 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 | $0.36 |
| 2021 | $0.00 | $0.14 | $0.15 | $0.16 | $0.14 | $0.16 | $0.17 | $0.15 | $0.16 | $0.15 | $0.15 | $1.25 |
| 2020 | $0.00 | $0.15 | $0.16 | $0.17 | $0.15 | $0.16 | $0.16 | $0.17 | $0.16 | $0.16 | $0.17 | $2.52 |
| 2019 | $0.00 | $0.18 | $0.16 | $0.18 | $0.17 | $0.24 | $0.18 | $0.17 | $0.20 | $0.17 | $0.17 | $0.31 |
| 2018 | $0.00 | $0.17 | $0.16 | $0.18 | $0.14 | $0.18 | $0.17 | $0.18 | $0.18 | $0.17 | $0.18 | $0.35 |
| 2017 | $0.00 | $0.17 | $0.16 | $0.22 | $0.18 | $0.16 | $0.17 | $0.18 | $0.15 | $0.16 | $0.18 | $0.35 |
| 2016 | $0.00 | $0.19 | $0.17 | $0.18 | $0.15 | $0.19 | $0.18 | $0.15 | $0.18 | $0.17 | $0.18 | $1.03 |
| 2015 | $0.23 | $0.37 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund was 34.78%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund drawdown is 23.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.78% | Sep 23, 2021 | 274 | Oct 24, 2022 | — | — | — |
| -28.32% | Mar 9, 2020 | 9 | Mar 19, 2020 | 71 | Jun 30, 2020 | 80 |
| -11.05% | Dec 19, 2017 | 183 | Nov 15, 2018 | 95 | May 24, 2019 | 278 |
| -10.65% | Sep 1, 2016 | 118 | Mar 13, 2017 | 80 | Jul 21, 2017 | 198 |
| -10.31% | Jan 4, 2021 | 52 | Mar 18, 2021 | 84 | Jul 19, 2021 | 136 |
Volatility
Volatility Chart
The current FlexShares Credit-Scored U.S. Long Corporate Bond Index Fund volatility is 3.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.