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ETFs

FlexShares Credit-Scored US Long Corporate Bond Index Fund

LKOR
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 23, 2015
Expense Ratio
0.22%
Type
US Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$27,032
AUM
$30,735,040
Associated Index
Northern Trust US Long Corporate Bond Quality Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
CASH
1.72%
MO49
Altria Group Inc. - 5.95% NT REDEEM 14/02/2049 USD 2000
0.83%
n/a
IBM 4.25 % Notes 2019-15.05.49 Global
0.71%
n/a
Cisco Systems 5.9 % Notes 2009-15.2.39 Sr
0.70%
FB5522214
META PLATFORMS INC CALLABLE NOTES FIXED 4.45
0.62%
EPD/44
Enterprise Products Operating Llc - 4.85% NT REDEEM 15/03/2044 USD 1000
0.60%
ABBV5068389
ABBVIE INC CALLABLE NOTES FIXED 4.85 15/JUN/2044
0.59%
n/a
Apple 4.65 % Notes 2016-23.2.46
0.58%
ORCL45
Oracle Corp. - 4.125% NT REDEEM 15/05/2045 USD 2000
0.56%
BRK.B/36
Berkshire Hathaway Energy - 6.125% BD REDEEM 01/04/2036 USD 2000
0.54%
Invest with LKOR

What is LKOR?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Long Corporate Bond Quality Value Index. The Underlying Index reflects the performance of a broad universe of US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Long Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a subset of the securities included in the Parent Index, a market capitalization-weighted index comprised of US dollar-denominated investment grade bonds.

ETFs related toLKOR

ETFs correlated to LKOR include SPLB, IGLB, VCLT

LKOR
FlexShares Trust - FlexShares Credit-Scored US Long Corporate Bond Index Fund
SPLB
SSgA Active Trust - SPDR Portfolio Long Term Corporate Bond ETF
IGLB
BlackRock Institutional Trust Company N.A. - iShares 10 Year Investment Grade Corporate Bond ETF
VCLT
Vanguard Group, Inc. - Vanguard Long-Term Corporate Bond ETF
LQD
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD Investment Grade Corporate Bond ETF
VTC
Vanguard Group, Inc. - Vanguard Total Corporate Bond ETF
VCEB
Vanguard Group, Inc. - Vanguard ESG U.S. Corporate Bond ETF
SUSC
iShares Trust - iShares Trust iShares ESG Aware USD Corporate Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
GIGB
Goldman Sachs ETF Trust - Goldman Sachs Access Investment Grade Corporate Bond ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toLKOR

#DBG

Diversify with Bonds & Gold

Category

Balance Risk Not Assets, Diversification

Risk Rating

Conservative

#LSPV

Lever Up S&P and Control Volatility

Category

Balance Risk Not Assets, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with LKOR using Composer

FAQ

LKOR is a US Bonds ETF. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Long Corporate Bond Quality Value Index. The Underlying Index reflects the performance of a broad universe of US-dollar denominated investment grade corporate bonds that can potentially deliver a higher total return than the overall investment grade corporate bond market, as represented by the Northern Trust US Investment Grade Long Corporate Bond Index (the Parent Index ). The securities included in the Underlying Index are a subset of the securities included in the Parent Index, a market capitalization-weighted index comprised of US dollar-denominated investment grade bonds.

LKOR tracks the Northern Trust US Long Corporate Bond Quality Value Index.

No, LKOR is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, LKOR is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on LKOR is -0.0257%. This is the percent change in the value of LKOR over the most recent 1-month period. The 3-month return on LKOR is -0.0551%. This is the percent change in the value of LKOR over the most recent 3-month period.

The standard deviation of LKOR for the past year is 0.157%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to LKOR include IGSB, VCIT, and VCSH.

ETFs correlated to LKOR include SPLB, IGLB, and VCLT.

ETFs that are inversely correlated to LKOR include TBF, TTT, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.