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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

FEIG | ETF

$40.81

$42.9 M

4.77%

$1.95

0.13%

Vitals

YTD Return

0.2%

1 yr return

6.0%

3 Yr Avg Return

4.9%

5 Yr Avg Return

N/A

Net Assets

$42.9 M

Holdings in Top 10

8.2%

52 WEEK LOW AND HIGH

$41.0
$40.30
$42.14

Expenses

OPERATING FEES

Expense Ratio 0.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund

FEIG | ETF

$40.81

$42.9 M

4.77%

$1.95

0.13%

FEIG - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FlexShares ESG & Climate Investment Grade Corporate Core Index Fund
  • Fund Family Name
    N/A
  • Inception Date
    Sep 20, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Chaitany Mandavakuriti

Fund Description

The Underlying Index, administered by NTI in its capacity as index provider (the “Index Provider”), is designed to reflect the performance of a selection of U.S.-dollar-denominated corporate bonds issued by companies that exhibit certain environmental, social and governance (“ESG”) characteristics in the aggregate, while also seeking to provide exposure to US dollar-denominated corporate bonds, i.e., the constituents in the Northern Trust Investment Grade U.S. Corporate Bond IndexSM (the “Eligible Universe”). The Northern Trust Investment Grade U.S. Corporate Bond IndexSM is a market-capitalization weighted index comprised of US dollar-denominated corporate bonds that (a) are publicly issued in the United States and registered with the SEC or eligible for resale under Rule 144A under the Securities Act of 1933, with or without registration rights, (b) are rated investment grade (i.e., rated at the time of inclusion in the Eligible Universe within the top four ratings categories by a Nationally Recognized Statistical Rating Organization (“NRSRO”)), and (c) have, at each rebalance, (i) a final time to stated maturity of at least one year and (ii) an outstanding principal balance of at least $250 million. The
Fund does not have any portfolio maturity limitation and may invest its assets from time to time in instruments with varying maturities.
The Underlying Index starts by excluding certain companies from the Eligible Universe that, based on third-party data, are determined to have certain levels of controversial business involvement or behavior, including in tobacco, weaponry, thermal coal, unconventional oil and gas, and for-profit prisons, or to have caused, contributed to or are linked to certain violations of international norms and standards. Such exclusions are based on percentage of revenue thresholds for certain categories (e.g., those that receive significant revenue from production, retail and distribution of civilian weapons) and categorical exclusions for others (e.g., tobacco producers). The above-described exclusionary screens are applied with each reconstitution of the Underlying Index. The Index Provider may modify this list of excluded companies at any time, at its own discretion.
The Underlying Index next applies an optimization process to minimize variance to the Eligible Universe while also targeting certain ESG characteristics, which is designed to produce an index that, relative to the Eligible Universe: (a) has an aggregate higher scoring of certain ESG characteristics, as measured by the Northern Trust ESG Vector Score (“ESG Vector Score”) described below, (b) improves the carbon risk rating, as measured by certain carbon-related risk metrics, and (c) decreases the weighted average carbon intensity and potential emissions.
The ESG Vector Score is designed to rank companies based on their management of and exposure to material ESG metrics as defined by the Sustainability Accounting Standards Board (“SASB”) Standards. In addition, the Index Provider uses available data from Institutional Shareholder Services ESG Solutions to assess carbon emissions intensity, carbon reserves and a carbon risk rating. Carbon emissions intensity measures (i) direct greenhouse gas emissions from sources controlled or owned by the company (e.g., emissions associated with fuel combustion in boilers, furnaces, or vehicles); and (ii) indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat or cooling against the company. Carbon reserves measure the total estimated greenhouse gas emissions attributable to a company’s fossil fuel reserve assets. The carbon risk rating provides an assessment of a company’s ability to mitigate the risks of transition to a lower carbon economy based on its specific baseline carbon risk exposure.
In the event that metrics or other data used to construct the ESG Vector Score as well as carbon emissions intensity, carbon reserves and/or the carbon risk rating are not available or otherwise deemed unreliable, NTI may make reasonable estimates or otherwise exercise its discretion to implement the optimization process.
Notwithstanding the optimization process, it is possible that the Underlying Index will include (and therefore the Fund could invest in) securities that, individually, have a lower ESG Vector Score, lower carbon risk rating, or higher emissions relative to the weighted average of the Eligible Universe. The optimization process also includes sector, country, turnover, issuer and constituent constraints so that these characteristics in the Underlying Index vary within acceptable bands relative to the Eligible Universe.
As of December 31, 2025, there were 4,138 issues in the Underlying Index. The Underlying Index is reconstituted monthly under normal market conditions. The Fund generally reconstitutes its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts and options on futures contracts, to-be-announced (“TBA”) transactions, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is created and sponsored by NTI, as the Index Provider. NTI also serves as the investment adviser to the Fund. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2025, the Underlying Index was concentrated in the Financial sector. The components of the Underlying Index, and the degree to which these components represent certain industries or sectors, may change over time.
Read More

FEIG - Performance

Return Ranking - Trailing

Period FEIG Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -37.4% 3.2% 80.36%
1 Yr 6.0% -22.5% 163.5% N/A
3 Yr 4.9%* -13.4% 33.3% N/A
5 Yr N/A* -10.0% 21.5% N/A
10 Yr N/A* -4.1% 9.4% N/A

* Annualized

Return Ranking - Calendar

Period FEIG Return Category Return Low Category Return High Rank in Category (%)
2025 2.2% -27.3% 144.0% N/A
2024 -2.8% -15.7% 31.5% N/A
2023 4.0% -13.0% 34.5% N/A
2022 -18.3% -52.0% 4.7% N/A
2021 N/A -3.1% 13.4% N/A

Total Return Ranking - Trailing

Period FEIG Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -37.4% 2.2% 86.40%
1 Yr 6.0% -22.5% 163.5% N/A
3 Yr 4.9%* -13.4% 33.3% N/A
5 Yr N/A* -10.0% 21.5% N/A
10 Yr N/A* -4.1% 9.7% N/A

* Annualized

Total Return Ranking - Calendar

Period FEIG Return Category Return Low Category Return High Rank in Category (%)
2025 7.3% -27.3% 144.0% N/A
2024 1.7% -15.7% 31.5% N/A
2023 8.6% -13.0% 34.5% N/A
2022 -15.9% -14.8% 4.7% N/A
2021 N/A -3.1% 13.4% N/A

FEIG - Holdings

Concentration Analysis

FEIG Category Low Category High FEIG % Rank
Net Assets 42.9 M 6.52 M 44.4 B 78.13%
Number of Holdings 717 2 9191 34.63%
Net Assets in Top 10 3.22 M -29.6 M 3.34 B 77.31%
Weighting of Top 10 8.18% 1.8% 100.0% 94.61%

Top 10 Holdings

  1. Ford Motor Credit Co. LLC 1.09%
  2. Verizon Communications, Inc. 1.01%
  3. JPMorgan Chase Co. 0.89%
  4. HSBC Holdings plc 0.81%
  5. JPMorgan Chase Co. 0.80%
  6. Duke Energy Corp. 0.76%
  7. Diageo Capital plc 0.73%
  8. Ford Motor Credit Co. LLC 0.72%
  9. HSBC Holdings plc 0.69%
  10. Citigroup, Inc. 0.68%

Asset Allocation

Weighting Return Low Return High FEIG % Rank
Bonds 		94.45% 15.65% 141.47% 65.67%
Cash 		5.55% -49.09% 54.19% 39.40%
Stocks 		0.00% 0.00% 5.27% 62.69%
Preferred Stocks 		0.00% 0.00% 9.18% 70.15%
Other 		0.00% -38.92% 3.98% 59.10%
Convertible Bonds 		0.00% 0.00% 78.47% 28.06%

Bond Sector Breakdown

Weighting Return Low Return High FEIG % Rank
Derivative 		0.00% 0.00% 27.02% 65.97%
Cash & Equivalents 		0.00% 0.00% 54.19% 48.36%
Securitized 		0.00% 0.00% 23.18% 84.48%
Corporate 		0.00% 41.80% 100.00% 35.52%
Municipal 		0.00% 0.00% 3.62% 78.51%
Government 		0.00% 0.00% 25.63% 86.87%

Bond Geographic Breakdown

Weighting Return Low Return High FEIG % Rank
US 		94.45% 0.00% 122.90% 43.28%
Non US 		0.00% 0.00% 47.05% 68.66%

FEIG - Expenses

Operational Fees

FEIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.03% 3.62% 95.68%
Management Fee 0.12% 0.00% 1.35% 10.22%
12b-1 Fee N/A 0.00% 1.00% 9.57%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

FEIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FEIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FEIG Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 259.00% N/A

FEIG - Distributions

Dividend Yield Analysis

FEIG Category Low Category High FEIG % Rank
Dividend Yield 4.77% 0.00% 25.68% 54.33%

Dividend Distribution Analysis

FEIG Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FEIG Category Low Category High FEIG % Rank
Net Income Ratio N/A 0.38% 7.58% N/A

Capital Gain Distribution Analysis

FEIG Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FEIG - Fund Manager Analysis

Managers

Chaitany Mandavakuriti

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Chaitanya Mandavakuriti, a Vice President of Northern Trust Investments, Inc., has served as a Portfolio Manager of the Fund since March 2021. Chaitanya Mandavakuriti is a Vice President of NTI. Mr. Mandavakuriti joined NTI in 2013 and has assisted in the management of international fixed income index portfolios with a focus on credit.

Morten Olsen

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Morten Olsen is a Vice President of Northern Trust Investments, Inc. Mr. Olsen joined Northern Trust Investments, Inc. in 2009. From 2004 to 2008, Mr. Olsen worked at Lehman Brothers and from 2008 to 2009 at Nomura. In both roles, Mr. Olsen was responsible for the investment of the banks liquidity pool.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.22 2.41

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