Northern Trust Credit-Scored US Corporate Bond ETF
The ETF.net SKOR Grade
A
Score 79 out of 100
- 6 of 49
Score 79 of 100 falls in the A 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.A78 out of 100Rank 10 of 49Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 29 of 45Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B59 out of 100Rank 11 of 49Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 5 of 49Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A79 out of 100Rank 12 of 49Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 10 of 49
Our read on SKOR
In short
AMost investment-grade corporate bond funds just buy the market. SKOR scores every eligible bond on issuer quality and relative value, then weights toward the winners, and stays in the one-to-under-10-year maturity lane.
Stated mandate
The Fund seeks to provide pre-fee investment results generally corresponding to the price and yield performance of the Northern Trust US Corporate Bond Quality Value Index.
Why people hold it
Worth knowing
SKOR Holdings
- Bonds
- 1,344
- 6%
- Cash
Geography
- United States88.38%
- Canada5.13%
- United Kingdom3.39%
- Luxembourg0.68%
- Japan0.54%
- Ireland0.43%
- Bermuda0.37%
- Australia0.32%
- 0.76%
SKOR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SKOR$10,070
Returns run to the Oct 30, 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 | SKOR |
|---|---|
| Year to date | −0.2% |
| 1 month | +1.6% |
| 3 months | −0.2% |
| 1 year | +0.7% |
| 3 years | +6.3% |
| 5 years | +1.7% |
| 10 years | +2.7% |
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 | SKOR |
|---|---|---|
| 2026 YTD | −0.2% | |
| 2025 | +8.0% | |
| 2024 | +4.4% | |
| 2023 | +7.6% | |
| 2022 | −9.9% | |
| 2021 | −1.4% | |
| 2020 | +8.8% |
SKOR in the news
SKOR Dividends
- 4.73%
- $2.24
- $0.16 per share
- Monthly
SKOR Risk
- 4.1%
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.
- 0.44
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.
- −14.4%
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.
- 0.67
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.
SKOR Cost
Overpaying vs SPBO, tied cheapest in Investment Grade Corporate
$2,499
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SKOR 0.15%
$3,137
SPBO 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | SKOR | SPBO | 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
- AIGEBiShares Investment Grade Systematic Bond ETFExpense ratio 0.18%1 year return −0.4%
- ALQDiShares iBoxx $ Investment Grade Corporate Bond ETFExpense ratio 0.14%1 year return −1.8%
- AVCEBVanguard ESG U.S. Corporate Bond ETFExpense ratio 0.12%1 year return −1.2%
- ALQDBiShares BBB Rated Corporate Bond ETFExpense ratio 0.15%1 year return −0.2%
- AFEIGNorthern Trust ESG & Climate Investment Grade Corporate Core ETFExpense ratio 0.12%1 year return −1.1%
