At the sector level, nearly 45% of SKOR’s holdings hail from the financial services sector with almost 15.6% coming from consumer-related issues and 15.1% from tech, telecom and media issuers. Seven of SKOR’s top-10 holdings are courtesy of financial institutions with bonds from IBM (NYSE: IBM), Verizon (NYSE: VZ) and Apple (NasdaqGS: AAPL) the outliers.
SKOR charges 0.22% per year. The fund is the fifth bond ETF from FlexShares and second new fixed income offering this year from the firm. Chicago-based FlexShares introduced the FlexShares Disciplined Duration MBS Index Fund (NasdaqGM: MBSD) in September. [FlexShares Launches New MBS ETF]
SKOR Maturity
Table Courtesy: FlexShares
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple and LQD.