FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)
SKOR is a passive ETF by Northern Trust tracking the investment results of the NorthernTrustUS Corporate Bond Quality Value Index. SKOR launched on Nov 12, 2014 and has a 0.22% expense ratio.
ETF Info
| ISIN | US33939L7617 |
|---|---|
| CUSIP | 33939L761 |
| Issuer | Northern Trust |
| Inception Date | Nov 12, 2014 |
| Region | North America (U.S.) |
| Category | Corporate Bonds |
| Index Tracked | NorthernTrustUS Corporate Bond Quality Value Index |
| Asset Class | Bond |
Expense Ratio
SKOR has a high expense ratio of 0.22%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SKOR vs. CORP, SKOR vs. IGSB, SKOR vs. JEPI
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Credit-Scored US 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 US Corporate Bond Index Fund had a return of -0.69% year-to-date (YTD) and 3.37% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.69% | 5.21% |
| 1 month | -0.66% | -4.30% |
| 6 months | 5.32% | 18.42% |
| 1 year | 3.37% | 21.82% |
| 5 years (annualized) | 1.92% | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | -0.80% | 1.01% | -1.39% | ||||||||
| 2023 | -0.85% | 3.77% | 2.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SKOR is 45, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FlexShares Credit-Scored US Corporate Bond Index Fund(SKOR)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) 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 US Corporate Bond Index Fund granted a 4.54% dividend yield in the last twelve months. The annual payout for that period amounted to $2.13 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.13 | $1.87 | $1.19 | $1.35 | $1.86 | $1.84 | $1.39 | $1.25 | $1.37 | $1.12 | $0.15 |
Dividend yield | 4.54% | 3.90% | 2.56% | 2.55% | 3.38% | 3.53% | 2.85% | 2.46% | 2.74% | 2.25% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Credit-Scored US 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 | $0.19 | $0.18 | $0.20 | ||||||||
| 2023 | $0.00 | $0.12 | $0.12 | $0.13 | $0.14 | $0.15 | $0.15 | $0.16 | $0.17 | $0.17 | $0.18 | $0.38 |
| 2022 | $0.00 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.25 |
| 2021 | $0.00 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.08 | $0.57 |
| 2020 | $0.00 | $0.13 | $0.11 | $0.12 | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.78 |
| 2019 | $0.00 | $0.15 | $0.13 | $0.14 | $0.14 | $0.15 | $0.13 | $0.14 | $0.14 | $0.13 | $0.13 | $0.48 |
| 2018 | $0.00 | $0.11 | $0.10 | $0.11 | $0.10 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.13 | $0.22 |
| 2017 | $0.00 | $0.10 | $0.10 | $0.11 | $0.10 | $0.11 | $0.10 | $0.11 | $0.11 | $0.10 | $0.11 | $0.21 |
| 2016 | $0.00 | $0.09 | $0.10 | $0.09 | $0.11 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 | $0.40 |
| 2015 | $0.00 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.10 | $0.09 | $0.10 | $0.06 | $0.11 | $0.19 |
| 2014 | $0.15 |
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 US 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 US Corporate Bond Index Fund was 15.98%, occurring on Mar 19, 2020. Recovery took 48 trading sessions.
The current FlexShares Credit-Scored US Corporate Bond Index Fund drawdown is 5.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.98% | Mar 5, 2020 | 11 | Mar 19, 2020 | 48 | May 28, 2020 | 59 |
| -15.13% | Aug 4, 2021 | 307 | Oct 20, 2022 | — | — | — |
| -4.09% | Dec 19, 2017 | 93 | May 17, 2018 | 141 | Jan 30, 2019 | 234 |
| -3.84% | Sep 8, 2016 | 63 | Dec 16, 2016 | 107 | May 31, 2017 | 170 |
| -3.52% | Apr 7, 2015 | 30 | Jun 10, 2015 | 174 | Mar 18, 2016 | 204 |
Volatility
Volatility Chart
The current FlexShares Credit-Scored US Corporate Bond Index Fund volatility is 1.38%, 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.