FlexShares High Yield Value-Scored Bond Index Fund
HYGV
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Jul 18, 2018
- CIK
- 0001491978
- Website
- flexshares.com
- Similar Companies
- Business
- FlexShares High Yield Value-Scored Bond Index Fund (HYGV) is an exchange-traded fund that seeks investment results corresponding to the price and yield performance, before fees and expenses, of the Northern Trust High Yield Value-Scored US Corporate Bond Index. The fund provides exposure to a diversified portfolio of USD-denominated high yield corporate bonds selected and weighted based on proprietary multi-factor models emphasizing value, quality, and liquidity scores; it optimizes holdings from the broader Northern Trust High Yield US Corporate Bond Index universe, excluding securities from issuers in the bottom decile for credit scores or bottom 5% for liquidity within sectors, while matching the parent index's effective duration and reconstituting monthly. HYGV offers investors potential income diversification and enhanced risk-adjusted returns through its systematic screening for favorable fundamental qualities, market valuations, and trading liquidity among high yield bonds with maturities of one year or greater. Launched on July 17, 2018, and domiciled in the United States, HYGV operates within the high yield fixed income segment, targeting income-oriented investors such as institutions and individuals seeking yields above traditional investment-grade bonds. The fund, part of the FlexShares suite managed by Northern Trust Investments, Inc., holds approximately 1,036 securities with assets under management of about $1.25 billion, an expense ratio of 0.37%, and a trailing 12-month dividend yield around 7.73%, distributed monthly. FlexShares, the ETF sponsor with headquarters in Chicago, Illinois, announced in August 2025 the launch of 11 new fixed income ETFs under the Northern Trust ETFs brand, with the full FlexShares suite, including HYGV, scheduled for rebranding to Northern Trust ETFs in 2026 without changes to investment processes, portfolios, or managers. This rebranding reflects Northern Trust's strategic expansion in ETFs amid evolving fixed income markets. No major acquisitions, partnerships, or product launches specific to HYGV have been reported in the last 1-2 years, though the fund continues regular monthly distributions, such as $0.2952 declared in late 2025.