Category Review
Infrastructure ETFs lagged stocks, and large construction funds fell hardest in the quarter
Northern Trust Credit-Scored US Long Corporate Bond ETF
The ETF.net LKOR Grade
B
Score 58 out of 100
- 4 of 7
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C47 out of 100Rank 4 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 4 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 4 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C45 out of 100Rank 6 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C51 out of 100Rank 4 of 7
Our read on LKOR
In short
BMost long-corporate bond funds simply buy the market's biggest borrowers. LKOR scores issuers on quality and value first, then builds a 10-year-plus portfolio, for 0.15% net of a waiver through March 1, 2027.
Stated mandate
The Fund seeks to track, before fees and expenses, the Northern Trust US Long Corporate Bond Quality Value Index.
Why people hold it
Worth knowing
LKOR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
LKOR$9,582
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | LKOR |
|---|---|
| Year to date | −3.4% |
| 1 month | +3.2% |
| 3 months | −0.7% |
| 1 year | −4.2% |
| 3 years | +5.3% |
| 5 years | −3.3% |
| 10 years | +1.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | LKOR |
|---|---|---|
| 2026 YTD | −3.4% | |
| 2025 | +7.0% | |
| 2024 | −1.0% | |
| 2023 | +11.6% | |
| 2022 | −25.6% | |
| 2021 | −1.5% | |
| 2020 | +16.0% |
LKOR in the news
LKOR Dividends
- 6.78%
- $2.64
- $0.25 per share
- Monthly
LKOR Risk
- 11.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −34.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
LKOR Cost
Overpaying vs VCLT, cheapest in Investment Grade Corporate (10+ Year)
$2,499
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
LKOR 0.15%
$3,137
VCLT 0.03% Cheapest
$638
Cost over time
Year by year
| Year | LKOR | VCLT | Overpaying |
|---|---|---|---|
| 10 | $274 | $55 | $219 |
| 20 | $1,071 | $216 | $855 |
| 30 | $3,137 | $638 | $2,499 |
You pay 0.15%Waived by FlexShares 0.01%
Full fee 0.16% waiver 0.01% you pay 0.15%
Other funds in Investment Grade Corporate (10+ Year)
- ASPLBState Street SPDR Portfolio Long Term Corporate Bond ETFExpense ratio 0.04%1 year return −3.8%
- AVCLTVanguard Long-Term Corporate Bond ETFExpense ratio 0.03%1 year return −3.7%
- BZTENF/M 10-Year Investment Grade Corporate Bond EtfExpense ratio 0.15%1 year return −1.0%
- CBBBLBondBloxx BBB Rated 10+ Year Corporate Bond ETFExpense ratio 0.19%1 year return −3.9%
- CPCLPGIM Corporate Bond 10+ Year ETFExpense ratio 0.25%1 year return −3.0%
