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FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG)FEIG
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Upturn Advisory Summary
09/18/2024: FEIG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.22% | Upturn Advisory Performance  2 | Avg. Invested days: 44 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 5.22% | Avg. Invested days: 44 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 2283 | Beta - |
52 Weeks Range 36.17 - 42.69 | Updated Date 09/19/2024 |
52 Weeks Range 36.17 - 42.69 | Updated Date 09/19/2024 |
AI Summarization
ETF FlexShares ESG & Climate Investment Grade Corporate Core Index Fund Summary
Profile:
- Target Sector: Investment Grade Corporate Bonds
- Asset Allocation: Focuses on USD-denominated investment-grade corporate bonds with high ESG (environmental, social, and governance) and climate-conscious scores.
- Investment Strategy: Tracks the FlexShares ESG & Climate Investment Grade Corporate Core Index, aiming to provide broad exposure to the eligible universe of bonds while emphasizing ESG and climate considerations.
Objective:
- The primary goal is to offer investors a diversified portfolio of investment-grade corporate bonds that align with ESG and climate-focused investing principles while aiming to outperform the Bloomberg Barclays US Corporate Investment Grade Bond Index.
Issuer:
- Company: Northern Trust Asset Management
- Reputation and Reliability: Northern Trust is a well-established and reputable global financial services firm with over 130 years of experience.
- Management: The ETF is managed by an experienced team with expertise in fixed income and ESG investing.
Market Share:
- Holds a relatively small market share within the ESG corporate bond ETF space.
Total Net Assets:
- Approximately $1.14 billion as of October 26, 2023.
Moat:
- Strong ESG and climate focus differentiates the ETF from competitors.
- Incorporation of proprietary ESG and climate scoring system.
- Access to Northern Trust's extensive fixed income research and expertise.
Financial Performance:
- Since inception (May 2021), the ETF has outperformed its benchmark index, the Bloomberg Barclays US Corporate Investment Grade Bond Index.
- Achieved positive returns in both rising and falling interest rate environments.
Growth Trajectory:
- Growing demand for ESG and climate-focused investments supports future growth potential.
- Increasing awareness and adoption of sustainable investing practices provides tailwinds.
Liquidity:
- Average Daily Trading Volume: Approximately 100,000 shares.
- Bid-Ask Spread: Relatively tight, indicating good liquidity.
Market Dynamics:
- Economic indicators, interest rate movements, and credit market conditions influence the ETF's performance.
- Regulatory changes and evolving ESG standards can impact the investment landscape.
Competitors:
- iShares ESG Aware USD Corporate Bond ETF (SUSB)
- Vanguard ESG U.S. Corporate Bond ETF (VCEB)
- SPDR Bloomberg SASB Corporate Bond ESG Select ETF (BNDX)
Expense Ratio:
- 0.25% per year
Investment Approach and Strategy:
- Strategy: Tracks the FlexShares ESG & Climate Investment Grade Corporate Core Index, which selects bonds based on ESG and climate criteria along with traditional financial metrics.
- Composition: Primarily holds investment-grade corporate bonds issued by US companies across various sectors.
Key Points:
- ESG and climate-focused investment approach.
- Outperformance potential compared to traditional corporate bond indices.
- Diversification across sectors and issuers.
- Good liquidity and competitive expense ratio.
Risks:
- Volatility: The ETF's value can fluctuate due to changes in interest rates, credit spreads, and market sentiment.
- Market Risk: The underlying corporate bonds are subject to credit risk and issuer-specific risks.
- ESG and Climate Risk: The effectiveness of the ESG and climate screening process may not guarantee positive outcomes.
Who Should Consider Investing:
- Investors seeking exposure to investment-grade corporate bonds with a focus on ESG and climate considerations.
- Investors with a long-term investment horizon and tolerance for moderate volatility.
Fundamental Rating Based on AI:
- Rating: 8.5/10
- Justification: The ETF demonstrates strong fundamentals, including a robust ESG and climate focus, experienced management, and competitive performance. However, its relatively small market share and short track record warrant some caution.
Resources and Disclaimers:
- Morningstar: https://www.morningstar.com/etfs/arcx/ESG/quote.html
- Northern Trust Asset Management: https://www.ntam.com/us/etfs/flexshares-esg-climate-inv-grade-corp-core-idx-fund
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About FlexShares ESG & Climate Investment Grade Corporate Core Index Fund
The underlying index seeks to reflect the performance of a selection of U.S.-dollar-denominated corporate bonds issued by companies that exhibit certain ESG characteristics, while also seeking to provide broad-market, core exposure to U.S.-dollar-denominated investment grade corporate bonds of U.S. and non-U.S. issuers. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the underlying index. The fund is non-diversified.
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