FlexShares ESG & Climate Investment Grade Corporate Core Index Fund
FEIG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Sep 21, 2021
- CIK
- 0001491978
- Website
- flexshares.com
- Similar Companies
- Business
- FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the Northern Trust ESG & Climate Investment Grade U.S. Corporate Core Index, which measures the performance of a diversified universe of U.S. dollar-denominated, investment-grade corporate bonds issued by companies exhibiting strong environmental, social, and governance (ESG) characteristics. The fund invests at least 80% of its total assets in securities comprising the underlying index, targeting a 50% reduction in aggregate carbon emissions and carbon reserves relative to its benchmark, alongside improvements in overall ESG scores and carbon risk ratings; it employs proprietary exclusionary screens to eliminate issuers involved in UN Global Compact violations, tobacco, thermal coal, unconventional oil and gas, for-profit prisons, or weapons, with additional governance criteria for emerging market domiciled issuers. Top holdings include bonds from issuers such as Goldman Sachs Group, Inc., JPMorgan Chase & Co., Ford Motor Credit Company LLC, Citigroup Inc., and Verizon Communications Inc., with cash equivalents comprising approximately 2.81% of the portfolio. Launched on September 20, 2021, FEIG forms part of the FlexShares suite of ETFs managed by Northern Trust Investments, Inc., a subsidiary of Northern Trust Corporation, which was founded in 1889 and maintains its global headquarters in Chicago, Illinois. The fund targets investors seeking core fixed-income exposure aligned with ESG and climate values, serving institutional and individual clients focused on sustainable investment grade corporate bonds within the broader corporate bond asset class. FlexShares Trust, the open-ended investment company domiciled in the United States with legal addresses c/o Northern Trust Investments, Inc. at 50 South LaSalle Street, Chicago, IL, oversees FEIG alongside other ESG-oriented strategies covering equity and fixed-income segments. In recent developments, FlexShares announced in 2026 a rebranding to Northern Trust ETFs, reflecting its integration within Northern Trust's asset management platform without altering investment processes or shareholder positions for existing funds like FEIG. The fund continues regular monthly distributions, with recent declarations including $0.1610 per share, $0.1639 per share, and an ex-dividend payout of $0.16586 per share scheduled for September 2025, underscoring its income generation focus amid ongoing portfolio rebalancing to maintain ESG objectives. Amid the suite's evolution, related ESG funds such as the FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM) underwent liquidation in April 2024, signaling strategic refinements in product offerings while FEIG remains active with sustained assets and performance tracking.