FlexShares ESG & Climate High Yield Corporate Core Index Fund (FEHY)
FlexShares ESG & Climate High Yield Corporate Core Index Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in MD, US. The stock last traded at $40.05, down 0.11% on the session, giving a market capitalisation of $2.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
The FlexShares ESG & Climate High Yield Corporate Core Index Fund (FEHY) endeavors to mirror the returns of a specific benchmark. This index consists of a curated selection of U.S.-dollar-denominated, high-yield corporate bonds, originating from companies that demonstrate particular environmental, social, and governance (ESG) attributes. Concurrently, the fund aims to provide investors with comprehensive, foundational access to the broader market for U.S.-dollar-denominated high-yield corporate debt, issued by both U.S. and non-U.S. entities. Under ordinary market conditions, the fund will allocate at least 80% of its total assets to the securities held within this underlying index. It is important to note that this fund is categorized as non-diversified.
FlexShares ESG & Climate High Yield Corporate Core Index Fund is most often compared with the following Financial Services names: