What this ETF is trying to do

The FLEXSHARES ESG & CLIMATE INVESTMENT GRADE CORPORATE CORE INDEX FUND (ticker: FEIG) is an ETF that focuses on corporate bonds. These are loans made to companies. This specific fund looks for companies that meet certain "ESG" and climate standards. ESG stands for environmental, social, and governance factors, which are ways to measure how a company treats the planet and people.

What the numbers show

As of October 9, 2026, the current price of one share is $38.70. An estimated price from roughly one year ago was about $41.56.

When looking at how this ETF has performed, it is important to look at two different numbers: price return and total return.

• Price return only shows how much the share price went up or down.

• Total return shows the share price change plus any cash distributions (payments) the fund gave to investors.

Over the last year, the one-year price return was -6.88%. However, the one-year total return was -2.34%. This means the total loss was smaller when you include the cash payments received.

Looking at the year-to-date (YTD) numbers, the YTD price return is -6.39%, while the YTD total return is -2.97%. Over a longer period of three years, the total return was positive at 15.42%.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 5.01%. These payments usually happen every month.

It is important to remember that a high distribution yield is not the same as a total return. The yield tells you how much cash was paid out compared to the share price, but it does not account for whether the share price itself went up or down.

NAV erosion explanation

"NAV erosion" refers to a decline in the value of the underlying assets that the ETF owns. StockValueFinder uses an "erosion-risk score" to measure this risk.

This ETF has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of erosion risk, not a guarantee that the fund's value has collapsed.

Pros

• The fund has shown a positive total return of 15.42% over the last three years.

• It provides regular cash distributions, usually on a monthly basis.

Cons

• The share price has declined over the last year and so far this year.

• There is a measurement of "mild" price erosion risk.

Beginner takeaway

When looking at an ETF like FEIG, don't just look at the cash it pays out (the yield). You should also look at the share price. If the share price falls faster than the cash payments come in, your total investment value could still go down. Always check both the price return and the total return to get the full picture.