FlexShares High Yield Value-Scored Bond Index Fund (HYGV) ETF
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FlexShares High Yield Value-Scored Bond Index Fund (HYGV) ETF Bio
The investment objective of the FlexShares High Yield Value-Scored US Bond Index Fund seeks to provide an even higher yield than most junk bond ETFs, while screening for quality. The fund starts with Northern Trust High Yield US Corporate Bond Index as its parent index. From there, HYGV restricts the selection pool to bonds with more than 18 months to maturity and an outstanding principal balance of at least $150 million.