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FlexShares Quality Dividend Index Fund

Objective and Strategy

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM (Underlying Index).

Different, by Design

1. Assess the current financial state of US companies based on a proprietary quality factor
2. Maximize exposure to quality and dividends while maintaining a beta near 1
3. Utilize constraints in an effort to minimize the overall risk of the strategy

Spotlight on QDF

Fund Facts

as of 09/29/2016
Inception12/14/2012
CUSIP33939L860
Total Net Assets$ 1,427,837,449.76
Shares Outstanding38,100,001
# of Holdings*160
Gross Expense Ratio.38%
Net Expense Ratio**.37%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE
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 TickerQDF
Related IndexNTUQD
NAVQDF.NV
IOPVQDF.IV
Shares OutstandingQDF.SO
Estimated CashQDF.EU
Total CashQDF.TC

Fund Characteristics1

 as of 09/29/2016
SEC Subsidized Yield2
 (as of 08/31/2016)
3.61%
SEC Unsubsidized Yield3
 (as of 08/31/2016)
3.61%
Distribution Yield43.64%
12-Month Dividend Yield53.05%
Weighted Average Dividend Yield*****3.42%
Weighted Average Market Cap114,074,898,806.07
Weighted Average Beta1.04
Price to Earnings (as of 08/31/2016)21.59
Price to Book  (as of 08/31/2016)5.77
Price to Cash Flow  (as of 08/31/2016)13.06
Price to Sales  (as of 08/31/2016)2.66
View Standardized Performance

Market Cap (%)

as of 09/29/2016
Large-Cap79.97
Mid-Cap19.42
Small-Cap.61
Total100.00

Style (%)

as of 09/29/2016
Value53.64
Core36.18
Growth10.18
Total100.00

SECTOR 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 12/19/2012, 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 08/31/2016
 1 MonthQTDYTD1 Year3 YearSince Inception
12/14/2012
Market Price .004.0911.1014.0811.6014.98
NAV-.083.9811.0214.0611.5914.96
Northern Trust Quality Dividend Index (NTUQDTR)-.044.0211.2214.4812.0215.38

Quarter End Performance (%)

as of 06/30/2016
 1 MonthQTDYTD1 Year3 yearSince Inception
12/14/2012
Market Price.982.296.745.4010.7114.45
NAV1.092.356.775.4310.7014.46
Northern Trust Quality Dividend Index (NTUQDTR)1.112.416.925.7411.0914.89
Russell 1000 Index (RU10INTR).232.543.742.9311.4714.07
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 12/19/2012, 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 09/29/2016
Gross Expense Ratio.38%
Net Expense Ratio*.37%
*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 09/29/2016
Price$37.51
Price $ Change$-.32
Price % Change-.85%
Avg Bid/Ask Spread$.03
Bid/Ask Midpoint$37.49
Closing Bid Price$37.47
Closing Ask Price$37.51

Trading

as of 09/29/2016
52-Week High$38.56
52-Week Low$31.09
Premium/Discount$.01
Daily Trading Volume (Shares)35,216
Average Trading Volume (Shares)79,082
Shares Outstanding38,100,001

NAV Price

as of 09/29/2016
Price$37.48
Price $ Change$-.32
Price % Change-.85%

TOP TEN HOLDINGS

as of 09/28/2016
NameTickerFund
Weight %
SectorMarket CapCountry
EXXON MOBIL CORP XOMXOM3.8742EnergyLarge-CapUnited States
MERCK & CO. INC. MRKMRK3.4601Health CareLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM3.1698FinancialsLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM2.9900Consumer StaplesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH2.9128Health CareLarge-CapUnited States
WELLS FARGO & CO WFCWFC2.5613FinancialsLarge-CapUnited States
APPLE INC AAPLAAPL2.5036Information TechnologyLarge-CapUnited States
3M CO MMMMMM2.4339IndustrialsLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.2323IndustrialsLarge-CapUnited States
QUALCOMM INC QCOMQCOM2.1317Information TechnologyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.9419Health CareLarge-CapUnited States
BOEING CO/THE BABA1.9039IndustrialsLarge-CapUnited States
HOME DEPOT INC HDHD1.7238Consumer DiscretionaryLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.6476Information TechnologyLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.6080IndustrialsLarge-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ1.5159Telecommunication ServicesLarge-CapUnited States
PFIZER INC PFEPFE1.4102Health CareLarge-CapUnited States
OCCIDENTAL PETROLEUM CORP OXYOXY1.4034EnergyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.2834Information TechnologyLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.2324Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC MOMO1.2175Consumer StaplesLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.1906Consumer StaplesLarge-CapUnited States
INTEL CORP INTCINTC1.0862Information TechnologyLarge-CapUnited States
PROCTER & GAMBLE CO/THE PGPG1.0830Consumer StaplesLarge-CapUnited States
CHEVRON CORP CVXCVX0.9533EnergyLarge-CapUnited States
HP INC HPQHPQ0.8252Information TechnologyLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.7773FinancialsLarge-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.7376FinancialsLarge-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.7254FinancialsLarge-CapUnited States
NUCOR CORP NUENUE0.6975MaterialsLarge-CapUnited States
NORDSTROM INC JWNJWN0.6876Consumer DiscretionaryLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.6765Information TechnologyLarge-CapUnited States
NAVIENT CORP NAVINAVI0.6747FinancialsMid-CapUnited States
BEST BUY CO INC BBYBBY0.6651Consumer DiscretionaryLarge-CapUnited States
PPL CORP PPLPPL0.6628UtilitiesLarge-CapUnited States
XEROX CORP XRXXRX0.6558Information TechnologyLarge-CapUnited States
INVESCO LTD IVZIVZ0.6542FinancialsLarge-CapUnited States
TE CONNECTIVITY LTD TELTEL US0.6516Information TechnologyLarge-CapUnited States
AT&T INC TT0.6339Telecommunication ServicesLarge-CapUnited States
GAP INC/THE GPSGPS0.6294Consumer DiscretionaryLarge-CapUnited States
LOCKHEED MARTIN CORP LMTLMT0.6291IndustrialsLarge-CapUnited States
HELMERICH & PAYNE HPHP0.6194EnergyLarge-CapUnited States
ONEOK INC OKEOKE0.6176EnergyLarge-CapUnited States
AMERICAN EAGLE OUTFITTERS AEOAEO0.6155Consumer DiscretionaryMid-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.6094Information TechnologyLarge-CapUnited States
DUKE ENERGY CORP DUKDUK0.6055UtilitiesLarge-CapUnited States
OVERSEAS SHIPHOLDING GROUP-A OSGOSG0.6053EnergySmall-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.5880FinancialsMid-CapUnited States
OCEANEERING INTL INC OIIOII0.5797EnergyMid-CapUnited States
PITNEY BOWES INC PBIPBI0.5791IndustrialsMid-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.5786Real EstateMid-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5771Consumer DiscretionaryLarge-CapUnited States
GREAT PLAINS ENERGY INC GXPGXP0.5746UtilitiesMid-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.5636Information TechnologyLarge-CapUnited States
OWENS & MINOR INC OMIOMI0.5601Health CareMid-CapUnited States
KLA-TENCOR CORP KLACKLAC0.5587Information TechnologyLarge-CapUnited States
CA INC CACA0.5492Information TechnologyLarge-CapUnited States
RLJ LODGING TRUST RLJRLJ0.5486Real EstateMid-CapUnited States
VALIDUS HOLDINGS LTD VRVR US0.5482FinancialsMid-CapUnited States
WESTERN UNION CO WUWU0.5455Information TechnologyLarge-CapUnited States
SONOCO PRODUCTS CO SONSON0.5427MaterialsMid-CapUnited States
OGE ENERGY CORP OGEOGE0.5409UtilitiesLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5408Real EstateLarge-CapUnited States
AVERY DENNISON CORP AVYAVY0.5387MaterialsLarge-CapUnited States
XILINX INC XLNXXLNX0.5377Information TechnologyLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.5377Information TechnologyLarge-CapUnited States
EMERSON ELECTRIC CO EMREMR0.5367IndustrialsLarge-CapUnited States
HAWAIIAN ELECTRIC INDS HEHE0.5345UtilitiesMid-CapUnited States
COMMUNICATIONS SALES & LE CSALCSAL0.5328Real EstateMid-CapUnited States
VIACOM INC-CLASS B VIABVIAB0.5323Consumer DiscretionaryLarge-CapUnited States
METLIFE INC METMET0.5319FinancialsLarge-CapUnited States
RR DONNELLEY & SONS CO RRDRRD0.5258IndustrialsMid-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.5204FinancialsMid-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.5061Real EstateMid-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.5037Real EstateMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.4983Real EstateMid-CapUnited States
PINNACLE WEST CAPITAL PNWPNW0.4900UtilitiesLarge-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.4877Consumer DiscretionaryMid-CapUnited States
AMTRUST FINANCIAL SERVICES AFSIAFSI0.4868FinancialsMid-CapUnited States
LEXMARK INTERNATIONAL INC-A LXKLXK0.4842Information TechnologyMid-CapUnited States
MEDICAL PROPERTIES TRUST INC MPWMPW0.4762Real EstateMid-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.4736MaterialsLarge-CapUnited States
ALLETE INC ALEALE0.4735UtilitiesMid-CapUnited States
H&R BLOCK INC HRBHRB0.4632Consumer DiscretionaryMid-CapUnited States
TARGET CORP TGTTGT0.4593Consumer DiscretionaryLarge-CapUnited States
VECTREN CORP VVCVVC0.4508UtilitiesMid-CapUnited States
ERIE INDEMNITY COMPANY-CL A ERIEERIE0.4454FinancialsMid-CapUnited States
NU SKIN ENTERPRISES INC - A NUSNUS0.4289Consumer StaplesMid-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.4181MaterialsLarge-CapUnited States
BANK OF AMERICA CORP BACBAC0.3929FinancialsLarge-CapUnited States
CITIGROUP INC CC0.3799FinancialsLarge-CapUnited States
PRUDENTIAL FINANCIAL INC PRUPRU0.3788FinancialsLarge-CapUnited States
MDU RESOURCES GROUP INC MDUMDU0.3654UtilitiesMid-CapUnited States
NATL HEALTH INVESTORS INC NHINHI0.3644Real EstateMid-CapUnited States
SPECTRA ENERGY CORP SESE0.3580EnergyLarge-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.3491MaterialsMid-CapUnited States
FAIR ISAAC CORP FICOFICO0.3465Information TechnologyMid-CapUnited States
CARDINAL HEALTH INC CAHCAH0.3464Health CareLarge-CapUnited States
KIMBERLY-CLARK CORP KMBKMB0.3440Consumer StaplesLarge-CapUnited States
PEPSICO INC PEPPEP0.3436Consumer StaplesLarge-CapUnited States
CENTURYLINK INC CTLCTL0.3335Telecommunication ServicesLarge-CapUnited States
AMERICAN ELECTRIC POWER AEPAEP0.3242UtilitiesLarge-CapUnited States
ELI LILLY & CO LLYLLY0.3228Health CareLarge-CapUnited States
AMGEN INC AMGNAMGN0.3077Health CareLarge-CapUnited States
COCA-COLA CO/THE KOKO0.2967Consumer StaplesLarge-CapUnited States
MCDONALDS CORP MCDMCD0.2641Consumer DiscretionaryLarge-CapUnited States
DOMTAR CORP UFSUFS0.2576MaterialsMid-CapUnited States
KOHLS CORP KSSKSS0.2539Consumer DiscretionaryLarge-CapUnited States
WILLIAMS COS INC WMBWMB0.2529EnergyLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.2449Information TechnologyLarge-CapUnited States
WALT DISNEY CO/THE DISDIS0.2409Consumer DiscretionaryLarge-CapUnited States
CUMMINS INC CMICMI0.2373IndustrialsLarge-CapUnited States
COMCAST CORP-CLASS A CMCSACMCSA0.2347Consumer DiscretionaryLarge-CapUnited States
EATON CORP PLC ETNETN0.2204IndustrialsLarge-CapUnited States
MACYS INC MM0.2137Consumer DiscretionaryLarge-CapUnited States
PEOPLES UNITED FINANCIAL PBCTPBCT0.2086FinancialsMid-CapUnited States
PEBBLEBROOK HOTEL TRUST PEBPEB0.2064Real EstateMid-CapUnited States
INTERNATIONAL PAPER CO IPIP0.2053MaterialsLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.1969EnergyLarge-CapUnited States
NETAPP INC NTAPNTAP0.1949Information TechnologyLarge-CapUnited States
FLOWERS FOODS INC FLOFLO0.1914Consumer StaplesMid-CapUnited States
LINEAR TECHNOLOGY CORP LLTCLLTC0.1800Information TechnologyLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.1771UtilitiesLarge-CapUnited States
PAYCHEX INC PAYXPAYX0.1748Information TechnologyLarge-CapUnited States
SCHLUMBERGER LTD SLBSLB0.1706EnergyLarge-CapUnited States
J2 GLOBAL INC JCOMJCOM0.1691Information TechnologyMid-CapUnited States
SIX FLAGS ENTERTAINMENT CORP SIXSIX0.1687Consumer DiscretionaryMid-CapUnited States
BANK OF HAWAII CORP BOHBOH0.1629FinancialsMid-CapUnited States
MFA FINANCIAL INC MFAMFA0.1622FinancialsMid-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.1615Real EstateMid-CapUnited States
CARE CAPITAL PROPERTIES INC CCPCCP0.1573Real EstateMid-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1540Real EstateMid-CapUnited States
ENTERGY CORP ETRETR0.1515UtilitiesLarge-CapUnited States
WILLIAMS-SONOMA INC WSMWSM0.1505Consumer DiscretionaryMid-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.1486Real EstateLarge-CapUnited States
WP CAREY INC WPCWPC0.1463Real EstateMid-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.1441UtilitiesLarge-CapUnited States
GREIF INC-CL A GEFGEF0.1398MaterialsMid-CapUnited States
AMEREN CORPORATION AEEAEE0.1397UtilitiesLarge-CapUnited States
CULLEN/FROST BANKERS INC CFRCFR0.1393FinancialsMid-CapUnited States
MATTEL INC MATMAT0.1391Consumer DiscretionaryLarge-CapUnited States
GARMIN LTD GRMNGRMN US0.1384Consumer DiscretionaryLarge-CapUnited States
FIRSTENERGY CORP FEFE0.1359UtilitiesLarge-CapUnited States
NATIONAL INSTRUMENTS CORP NATINATI0.1352Information TechnologyMid-CapUnited States
FIRST AMERICAN FINANCIAL FAFFAF0.1266FinancialsMid-CapUnited States
MOTOROLA SOLUTIONS INC MSIMSI0.1188Information TechnologyLarge-CapUnited States
GAMESTOP CORP-CLASS A GMEGME0.1187Consumer DiscretionaryMid-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.1186FinancialsMid-CapUnited States
CBL & ASSOCIATES PROPERTIES CBLCBL0.1180Real EstateMid-CapUnited States
LEIDOS HOLDINGS INC LDOSLDOS0.1171Information TechnologyMid-CapUnited States
OLD REPUBLIC INTL CORP ORIORI0.1170FinancialsMid-CapUnited States
STAPLES INC SPLSSPLS0.1071Consumer DiscretionaryMid-CapUnited States
MERCURY GENERAL CORP MCYMCY0.1036FinancialsMid-CapUnited States
ORACLE CORP ORCLORCL0.0968Information TechnologyLarge-CapUnited States
NORTHSTAR ASSET MANAGEMENT NSAMNSAM0.0843FinancialsMid-CapUnited States
VECTOR GROUP LTD VGRVGR0.0268Consumer StaplesMid-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.0167EnergyMid-CapUnited States
CORRECTIONS CORP OF AMERICA CXWCXW0.0156Real EstateMid-CapUnited States
FORD MOTOR CO FF0.0084Consumer DiscretionaryLarge-CapUnited States
SELECT INCOME REIT SIRSIR0.0044Real EstateMid-CapUnited States

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
09/19/201609/21/201609/23/20160.3440890000.344089
06/20/201606/22/201606/24/20160.2549400000.254940
03/21/201603/23/201603/28/20160.2318920000.231892
12/29/201512/31/201501/05/20160.3139590000.313959
09/18/201509/22/201509/24/20150.2357660000.235766
06/19/201506/23/201506/25/20150.2605520000.260552
03/20/201503/24/201503/26/20150.2487720000.248772
12/29/201412/31/201401/05/20150.2543960000.254396
09/19/201409/23/201409/25/20140.2593200000.259320
06/20/201406/24/201406/26/20140.2554750000.255475
03/21/201403/25/201403/27/20140.2067500000.206750
12/27/201312/31/201301/03/20140.2966400000.296640
09/03/201309/05/201309/09/20130.2036310000.203631
06/03/201306/05/201306/07/20130.1342780000.134278
03/01/201303/05/201303/07/20130.0582110000.058211
12/27/201212/31/201201/03/20130.0612800000.061280

The Northern Trust Quality Dividend Index is designed to provide exposure to a high-quality income-oriented portfolio of long-only U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall beta that is similar to that of the Northern Trust 1250 Index (Parent Index). Companies included in the index are selected based on expected dividend payment and fundamental factors such as profitability, solid management, and reliable cash flow.