HYGV Fees and Costs — FlexShares High Yield Value-Scored Bond Index Fund
Data updated: 2026-09-25
The net expense ratio is 0.37%: a 0.37% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 100%.
HYGV Fees and Expenses
Annual operating expenses and sales charges of HYGV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.37% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
HYGV Costs Over Time
On $10,000 invested in HYGV, assuming 5% a year before costs, total costs come to $234 over 5 years, cutting the return by 0.39% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.37%) | $39 | $122 | $213 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $234 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
HYGV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.8B
- Portfolio turnover (prospectus): 100%
- Securities on loan, average value: $280.8M
- Net income from securities lending: $648K (0.048% of average net assets)
HYGV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Loop Capital Markets LLC | $2.6B | 43.03% |
| Jefferies LLC | $1.4B | 23.03% |
| J.P. Morgan Securities LLC | $509.3M | 8.27% |
| Goldman Sachs & Co. LLC | $467.2M | 7.59% |
| BofA Securities, Inc. | $292.4M | 4.75% |
| Barclays Capital, Inc. | $236.2M | 3.84% |
| Jane Street Execution Services, LLC | $206.4M | 3.35% |
| Morgan Stanley & Co. LLC | $186.1M | 3.02% |
| Nomura Securities International, Inc. | $116.4M | 1.89% |
| Deutsche Bank Securities Inc. | $75.9M | 1.23% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.