FlexShares High Yield Value-Scored Bond Index Fund (HYGV)

The FlexShares High Yield Value-Scored Bond Index Fund invests in U.S. corporate bonds rated below investment grade. These bonds offer higher income potential but carry greater credit risk.

The fund follows an index that scores eligible high-yield bonds using value-related measures. It is therefore not simply a broad, unfiltered high-yield bond portfolio.

HYGV is an exchange-traded bond fund, not an equity fund. Its holdings are debt instruments issued by U.S. companies, so returns depend on income, credit quality, and interest-rate movements.

The main risks include corporate defaults, falling bond prices when interest rates rise, and wider credit spreads during market stress. Because the bonds are below investment grade, the fund is riskier than a portfolio of high-quality government bonds.