Northern Trust's SKOR ETF tops $1 billion after $247 million inflow

The Northern Trust Credit-Scored US Corporate Bond ETF (SKOR) crossed $1 billion in assets in late September after $247 million of inflows over four weeks, ETF Trends reported, crediting Advisor Perspectives.

The fund charges 0.15% and tracks the Northern Trust US Corporate Bond Index. The report describes the index as a broad universe of dollar-denominated investment-grade corporates that can potentially deliver a higher total return than the overall investment-grade market. The fund has traded for more than a decade, and the $247 million in inflows equals roughly a quarter of current assets.

SKOR's yield stands at 4.78% and the fund returned -1.32% over the past month, according to VettaFi's ETF Database. The report attributes the negative return to modest price pressure across intermediate investment-grade corporates as baseline Treasury yields rose, and says investors weighing the income opportunity should also weigh duration and credit risk.