LKOR Fees and Costs — FlexShares Credit-Scored US Long Corporate Bond Index Fund
Data updated: 2026-09-25
The net expense ratio is 0.15%: a 0.15% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 88%.
LKOR Fees and Expenses
Annual operating expenses and sales charges of LKOR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.16% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.15% |
| 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 |
LKOR Costs Over Time
On $10,000 invested in LKOR, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
LKOR 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): $132.0M
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
LKOR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $52.0M | 40.82% |
| Goldman Sachs & Co. LLC | $21.0M | 16.50% |
| Loop Capital Markets LLC | $18.5M | 14.51% |
| BofA Securities, Inc. | $14.5M | 11.43% |
| J.P. Morgan Securities LLC | $14.0M | 11.01% |
| Jane Street Capital, LLC | $2.2M | 1.73% |
| Nomura Securities International, Inc. | $1.9M | 1.50% |
| Morgan Stanley & Co. LLC | $1.6M | 1.23% |
| Jefferies LLC | $912K | 0.72% |
| Wells Fargo Securities, LLC | $713K | 0.56% |
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.