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FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

FlexShares Morningstar Emerging Markets Factor Tilt Index ETF seeks to enhance exposure to developing market stocks by tilting the portfolio toward the long-term growth potential of the small-cap and value segments. It seeks to provide investors with an emerging market equity option that helps to meet their longer-term capital appreciation needs. Designed to replace traditional market-weighted emerging market equity products, the Fund applies a tilt to smaller- cap and value stocks using a multi-factor modeling approach that attempts to enhance portfolio risk/return characteristics. If occurring, dividends from net investment income, including any net foreign currency gains, are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

Fund Facts

as of 05/25/2016
Inception09/25/2012
CUSIP33939L308
Total Net Assets$ 251,025,290.78
Shares Outstanding6,000,001
# of Holdings*2,239
Gross Expense Ratio.66%
Net Expense Ratio**.65%
Index ProviderMorningstarĀ®
Primary ExchangeNYSE
Options AvailableN
MarginableY
Derivative UseY
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2017.

Tickers

ETF TickerTLTE
Related IndexMEMMFT
NAVTLTE.NV
IOPVTLTE.IV
Shares OutstandingTLTE.SO
Estimated CashTLTE.EU
Total CashTLTE.TC

Fund Characteristics1

as of 05/25/2016
SEC Subsidized Yield2 (as of  04/30/2016)2.86%
SEC Unsubsidized Yield3
 (as of 04/30/2016)
2.85%
Distribution Yield4.10%
12-Month Dividend Yield52.10%
Weighted Average Market Cap22,262,986,574.56
Price to Earnings (as of  04/30/2016)17.35
Price to Book  (as of  04/30/2016)2.23
Price to Cash Flow  (as of  04/30/2016)11.41
Price to Sales  (as of  04/30/2016)2.74
View Standardized Performance

Market Cap (%)

as of 05/25/2016
Large-Cap35.35
Mid-Cap18.67
Small-Cap38.95
Micro-Cap7.03
Total100.00

Style (%)

as of 05/26/2016
Value55.32
Core26.78
Growth17.90
Total100.00

SECTOR ALLOCATIONS

Sector Allocations

COUNTRY ALLOCATIONS

Country Allocations

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/28/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Definitions

1All Fund Characteristics terms are defined in the glossary.
2SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
3SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
4Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
512-Month Dividend Yield
This yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Month End Performance (%)

as of 04/30/2016
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price1.261.265.51-16.95-4.69-2.10
NAV1.381.385.63-17.15-4.43-2.05
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)1.661.666.16-16.93-3.80-1.36
MSCI Emerging Markets Investable Market Index (MIMUEMRN).67.675.74-17.56-4.34-2.16

Quarter End Performance (%)

as of 03/31/2016
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price12.804.194.19-11.48-4.76-2.49
NAV13.004.194.19-11.51-4.51-2.47
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)13.144.434.43-11.38-3.94-1.85
MSCI Emerging Markets Investable Market Index (MIMUEMRN)12.785.045.04-11.66-4.26-2.40
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/28/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Expense Ratios

as of 05/25/2016
Gross Expense Ratio.66%
Net Expense Ratio*.65%
*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2017.


Definitions

  • Net Asset Value (NAV)
    NAV is a fund’s price per share, which is calculated by dividing the total value of all the securities in the fund’s portfolio plus cash, interest and receivables less any liabilities by the number of fund shares outstanding.
  • Market Price
    Because ETFs trade like stocks, ETF shares trade at market value on the secondary market, which can be a dollar value above (trading at a premium) or below (trading at a discount) the fund’s NAV.

Market Price

as of 05/25/2016
Price$42.34
Price $ Change$.40
Price % Change.95%
Avg Bid/Ask Spread$.21
Bid/Ask Midpoint$42.38
Closing Bid Price$42.33
Closing Ask Price$42.43

Trading

as of 05/25/2016
52-Week High$53.73
52-Week Low$35.57
Premium/Discount$.54
Daily Trading Volume (Shares)64,761
Average Trading Volume (Shares)50,727
Shares Outstanding6,000,001

NAV Price

as of 05/25/2016
Price$41.84
Price $ Change$.55
Price % Change1.33%

TOP TEN HOLDINGS

as of 05/25/2016
NameTickerFund
Weight %
SectorMarket CapCountry
SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW 5000005930 KS3.0737Information TechnologyLarge-CapSouth Korea
TENCENT HOLDINGS LTD COMMON STOCK HKD 0.00002700 HK1.5478Information TechnologyLarge-CapChina
CHINA CONSTRUCTION BANK CORP COMMON STOCK HKD 1939 HK1.4651FinancialsLarge-CapChina
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD COMMON2330 TT1.2596Information TechnologyLarge-CapTaiwan
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD COMMON1398 HK0.9520FinancialsLarge-CapChina
CHINA MOBILE LTD COMMON STOCK HKD 0941 HK0.8405Telecommunication ServicesLarge-CapChina
NASPERS LTD COMMON STOCK ZAR 2NPN SJ0.8335Consumer DiscretionaryLarge-CapSouth Africa
HON HAI PRECISION INDUSTRY CO LTD COMMON STOCK TWD2317 TT0.7583Information TechnologyLarge-CapTaiwan
BANK OF CHINA LTD COMMON STOCK HKD 13988 HK0.7314FinancialsLarge-CapChina
ITAU UNIBANCO HOLDING SA PREFERENCE BRL 0ITUB4 BZ0.6062FinancialsLarge-CapBrazil
SBERBANK OF RUSSIA PJSC COMMON STOCK RUB 3SBER RM0.5273FinancialsLarge-CapRussian Federation
GAZPROM PJSC COMMON STOCK RUB 5GAZP RM0.5117EnergyLarge-CapRussian Federation
INFOSYS LTD COMMON STOCK INR 5INFO IN0.4900Information TechnologyLarge-CapIndia
BANCO BRADESCO SA PREFERENCE BRL 0BBDC4 BZ0.4665FinancialsLarge-CapBrazil
SAMSUNG ELECTRONICS CO LTD PREFERENCE KRW 5000005935 KS0.4383Information TechnologyLarge-CapSouth Korea
LUKOIL PJSC COMMON STOCK RUB 0.025LKOH RM0.4364EnergyLarge-CapRussian Federation
CHINA PETROLEUM & CHEMICAL CORP COMMON STOCK HKD 1386 HK0.4253EnergyLarge-CapChina
GUANGZHOU R&F PROPERTIES CO LTD COMMON STOCK HKD2777 HK0.4204FinancialsSmall-CapChina
HYUNDAI MOTOR CO COMMON STOCK KRW 5000005380 KS0.4088Consumer DiscretionaryLarge-CapSouth Korea
HOUSING DEVELOPMENT FINANCE CORP LTD COMMON STOCKHDFC IN0.3832FinancialsLarge-CapIndia
SHINHAN FINANCIAL GROUP CO LTD COMMON STOCK KRW055550 KS0.3800FinancialsLarge-CapSouth Korea
WEICHAI POWER CO LTD COMMON STOCK HKD 12338 HK0.3674IndustrialsSmall-CapChina
CHINA COMMUNICATIONS SERVICES CORP LTD COMMON552 HK0.3470Telecommunication ServicesSmall-CapChina
MACQUARIE MEXICO REAL ESTATE MANAGEMENT SA DE CVFIBRAMQ MM0.3354FinancialsSmall-CapMexico
POSCO COMMON STOCK KRW 5000005490 KS0.3304MaterialsLarge-CapSouth Korea
HYUNDAI MOBIS CO LTD COMMON STOCK KRW 5000012330 KS0.3302Consumer DiscretionaryLarge-CapSouth Korea
BANK OF COMMUNICATIONS CO LTD COMMON STOCK HKD 13328 HK0.3261FinancialsLarge-CapChina
AMBEV SAABEV3 BZ0.3208Consumer StaplesLarge-CapBrazil
KOREA ELECTRIC POWER CORP COMMON STOCK KRW 5000015760 KS0.3161UtilitiesLarge-CapSouth Korea
PING AN INSURANCE GROUP CO OF CHINA LTD COMMON2318 HK0.3141FinancialsLarge-CapChina
SK HYNIX INC COMMON STOCK KRW 5000000660 KS0.3133Information TechnologyLarge-CapSouth Korea
YANZHOU COAL MINING CO LTD COMMON STOCK HKD 11171 HK0.3096EnergySmall-CapChina
RELIANCE INDUSTRIES LTD COMMON STOCK INR 10RIL IN0.3013EnergyLarge-CapIndia
CHINA OVERSEAS LAND & INVESTMENT LTD COMMON STOCK688 HK0.2980FinancialsLarge-CapChina
BANCO DAVIVIENDA SA PREFERENCE COP 170PFDAVVND CB0.2759FinancialsSmall-CapColombia
HARBIN BANK CO LTD COMMON STOCK HKD 16138 HK0.2708FinancialsSmall-CapChina
KB FINANCIAL GROUP INC COMMON STOCK KRW 5000105560 KS0.2662FinancialsLarge-CapSouth Korea
FOMENTO ECONOMICO MEXICANO SAB DE CV UNIT MXN 0FEMSAUBD MM0.2621Consumer StaplesLarge-CapMexico
STEINHOFF INTERNATIONAL HOLDINGS NV COMMON STOCKSNH SJ0.2608Consumer DiscretionaryLarge-CapSouth Africa
AMERICA MOVIL SAB DE CV COMMON STOCK MXN 0AMXL MM0.2589Telecommunication ServicesLarge-CapMexico
CNOOC LTD COMMON STOCK HKD 0883 HK0.2574EnergyLarge-CapChina
MRV ENGENHARIA E PARTICIPACOES SA COMMON STOCK BRLMRVE3 BZ0.2544Consumer DiscretionarySmall-CapBrazil
KIA MOTORS CORP COMMON STOCK KRW 5000000270 KS0.2460Consumer DiscretionaryLarge-CapSouth Korea
CITIC LTD COMMON STOCK HKD 0267 HK0.2443IndustrialsLarge-CapChina
TATA CONSULTANCY SERVICES LTD COMMON STOCK INR 1TCS IN0.2386Information TechnologyLarge-CapIndia
BBMG CORP COMMON STOCK HKD 12009 HK0.2366MaterialsSmall-CapChina
PETROLEO BRASILEIRO SA PREFERENCE BRL 0PETR4 BZ0.2344EnergyLarge-CapBrazil
TONGAAT HULETT LTD COMMON STOCK ZAR 100TON SJ0.2325Consumer StaplesSmall-CapSouth Africa
NAVER CORP COMMON STOCK KRW 500035420 KS0.2305Information TechnologyLarge-CapSouth Korea
AECI LTD COMMON STOCK ZAR 100AFE SJ0.2303MaterialsSmall-CapSouth Africa
 

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/22/201612/27/201612/29/2016
09/19/201609/21/201609/23/2016
06/20/201606/22/201606/24/2016
03/21/201603/23/201603/28/20160.0422170000.042217
12/23/201512/28/201512/30/20150.8353860000.835386
12/29/201412/31/201401/05/20151.0005460001.000546
12/27/201312/31/201301/03/20140.4300620000.430062
12/27/201212/31/201201/03/20130.0519500000.051950

The Morningstar® Emerging Markets Factor Tilt IndexSM measures the performance of stocks located in emerging countries across the world (as defined by Morningstar) with increased exposure to small-capitalization and value stocks. Stocks that are deemed to be small capitalization or small value have an overweighting in the index compared to their weight in a corresponding market-capitalization-weighted index. Like­wise, stocks designated as "large" or "growth" stocks have underweighting compared to a standard market-capitalization weighting.