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FlexShares Global Quality Real Estate Index Fund

FlexShares Global Quality Real Estate Index Fund attempts to provide investors with a quality equity portfolio that provides exposure to the inflation-hedging qualities and long-term capital growth potential of global real estate. Many real estate equity strategies have a focus on value, but may omit an evaluation of a holding's financial strength. In addition, some approaches may disregard the direction and size of price movement trends, which can lead to value traps.* The Fund's strategy is designed to try to counter these challenges by maximizing exposure to quality, value and momentum factors. The Fund's Underlying Index attempts to provide global exposure to real estate equities through a portfolio of listed, non-mortgage REITs and operating companies. 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 06/24/2016
Inception11/05/2013
CUSIP33939L787
Total Net Assets$ 195,162,162.46
Shares Outstanding3,350,001
# of Holdings*149
Gross Expense Ratio.46%
Net Expense Ratio**.45%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE Arca
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 TickerGQRE
Related IndexNTGQRE
NAVGQRE.NV
IOPVGQRE.IV
Shares OutstandingGQRE.SO
Estimated CashGQRE.EU
Total CashGQRE.TC

Fund Characteristics1

as of 06/24/2016
SEC Subsidized Yield2 (as of 05/31/2016)3.27%
SEC Unsubsidized Yield3
 (as of 05/31/2016)
3.26%
Distribution Yield42.98%
12-Month Dividend Yield52.77%
Weighted Average Market Cap12,921,307,806.76
Price to Earnings (as of 05/31/2016)22.98
Price to Book  (as of 05/31/2016)2.81
Price to Cash Flow  (as of 05/31/2016)14.60
Price to Sales  (as of 05/31/2016)9.35
View Standardized Performance

Market Cap (%)

as of 06/24/2016
Large-Cap42.98
Mid-Cap28.41
Small-Cap27.89
Micro-Cap.72
Total100.00

Style (%)

as of 06/27/2016
Value26.08
Core42.26
Growth31.66
Total100.00

SECTOR ALLOCATIONS

GQRE sector allocations

COUNTRY ALLOCATIONS

GQRE 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 11/6/2013, 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 05/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price1.20.034.845.539.22
NAV.84 .004.995.709.19
Northern Trust Global Quality Real Estate Index (NTGQRENTR).83-.025.045.219.08
Dow Jones Global Select Real Estate Securities Index (DWGRSN).31-.334.904.777.80

Quarter End Performance (%)

as of 03/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price9.444.814.814.179.88
NAV9.654.994.994.309.86
Northern Trust Global Quality Real Estate Index (NTGQRENTR)9.585.065.064.009.75
Dow Jones Global Select Real Estate Securities Index (DWGRSN)9.555.255.251.668.52
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 11/6/2013, 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 06/24/2016
Gross Expense Ratio.46%
Net Expense Ratio*.45%
*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 06/24/2016
Price$58.45
Price $ Change$-2.04
Price % Change-3.37%
Avg Bid/Ask Spread$.06
Bid/Ask Midpoint$58.28
Closing Bid Price$58.23
Closing Ask Price$58.32

NAV Price

as of 06/24/2016
Price$58.26
Price $ Change$-1.88
Price % Change-3.13%

Trading

as of 06/24/2016
52-Week High$60.51
52-Week Low$44.18
Premium/Discount$.02
Daily Trading Volume (Shares)6,315
Average Trading Volume (Shares)10,336
Shares Outstanding3,350,001

TOP TEN HOLDINGS

as of 06/24/2016
NameTickerFund
Weight %
SectorMarket CapCountry
PUBLIC STORAGE PSAPSA5.1204Specialized REITsLarge-CapUnited States
PROLOGIS INC PLDPLD4.7707Commercial REITsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB4.4382Residential REITsLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR4.0901Residential REITsLarge-CapUnited States
SCENTRE GROUP SCGSCG AU3.7948Commercial REITsLarge-CapAustralia
DIGITAL REALTY TRUST INC DLRDLR3.0622Commercial REITsLarge-CapUnited States
LINK REIT 823823 HK2.9928Commercial REITsLarge-CapHong Kong
SIMON PROPERTY GROUP INC SPGSPG2.6018Commercial REITsLarge-CapUnited States
KIMCO REALTY CORP KIMKIM2.4925Commercial REITsLarge-CapUnited States
MACERICH CO/THE MACMAC2.2293Commercial REITsLarge-CapUnited States
DAITO TRUST CONSTRUCT CO LTD 18781878 JP2.2200Real Estate Development & OperationsLarge-CapJapan
LAND SECURITIES GROUP PLC LANDLAND LN2.2103Commercial REITsMid-CapUnited Kingdom
DUKE REALTY CORP DREDRE1.7779Commercial REITsMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST1.7770Specialized REITsLarge-CapUnited States
MID-AMERICA APARTMENT COMM MAAMAA1.5364Residential REITsMid-CapUnited States
REGENCY CENTERS CORP REGREG1.4863Commercial REITsMid-CapUnited States
HONGKONG LAND HOLDINGS LTD HKLHKL SP1.4611Real Estate Development & OperationsLarge-CapHong Kong
GPT GROUP GPTGPT AU1.4554Diversified REITsMid-CapAustralia
HENDERSON LAND DEVELOPMENT 1212 HK1.2849Real Estate Development & OperationsLarge-CapHong Kong
NATIONAL RETAIL PROPERTIES NNNNNN1.2797Commercial REITsMid-CapUnited States
NIPPON BUILDING FUND INC 89518951 JP1.2318Commercial REITsMid-CapJapan
FOREST CITY REALTY TRUST- A FCE/AFCE/A1.2122Commercial REITsMid-CapUnited States
EQUITY LIFESTYLE PROPERTIES ELSELS1.2114Residential REITsMid-CapUnited States
SWIRE PACIFIC LTD - CL A 1919 HK1.1301Real Estate Development & OperationsMid-CapHong Kong
NOMURA REAL ESTATE MASTER FU 34623462 JP1.1042Commercial REITsMid-CapJapan
HIGHWOODS PROPERTIES INC HIWHIW0.9584Commercial REITsMid-CapUnited States
GECINA SA GFCGFC FP0.9276Diversified REITsMid-CapFrance
IRON MOUNTAIN INC IRMIRM0.9246Commercial REITsMid-CapUnited States
WEINGARTEN REALTY INVESTORS WRIWRI0.9113Commercial REITsMid-CapUnited States
EPR PROPERTIES EPREPR0.8863Commercial REITsMid-CapUnited States
PSP SWISS PROPERTY AG-REG PSPNPSPN SW0.8129Real Estate Development & OperationsMid-CapSwitzerland
RETAIL PROPERTIES OF AME - A RPAIRPAI0.7889Commercial REITsMid-CapUnited States
WHEELOCK & CO LTD 2020 HK0.7739Real Estate Development & OperationsMid-CapHong Kong
DERWENT LONDON PLC DLNDLN LN0.7675Commercial REITsMid-CapUnited Kingdom
SEGRO PLC SGROSGRO LN0.7529Commercial REITsMid-CapUnited Kingdom
RIOCAN REAL ESTATE INVST TR REI-UREI-U CN0.7239Commercial REITsMid-CapCanada
EQUITY COMMONWEALTH EQCEQC0.7127Commercial REITsSmall-CapUnited States
CASTELLUM AB CASTCAST SS0.6563Real Estate Development & OperationsSmall-CapSweden
POST PROPERTIES INC PPSPPS0.6477Residential REITsSmall-CapUnited States
DUPONT FABROS TECHNOLOGY DFTDFT0.6182Commercial REITsSmall-CapUnited States
PIEDMONT OFFICE REALTY TRU-A PDMPDM0.6126Commercial REITsSmall-CapUnited States
IIDA GROUP HOLDINGS CO LTD 32913291 JP0.6086Real Estate Development & OperationsMid-CapJapan
HYSAN DEVELOPMENT CO 1414 HK0.5933Real Estate Development & OperationsMid-CapHong Kong
SHAFTESBURY PLC SHBSHB LN0.5853Commercial REITsSmall-CapUnited Kingdom
GREAT PORTLAND ESTATES PLC GPORGPOR LN0.5813Commercial REITsSmall-CapUnited Kingdom
TOKYU FUDOSAN HOLDINGS CORP 32893289 JP0.5552Real Estate Development & OperationsSmall-CapJapan
SOVRAN SELF STORAGE INC SSSSSS0.5428Specialized REITsMid-CapUnited States
NATL HEALTH INVESTORS INC NHINHI0.5316Specialized REITsSmall-CapUnited States
FRONTIER REAL ESTATE INVEST 89648964 JP0.5036Commercial REITsSmall-CapJapan
ACADIA REALTY TRUST AKRAKR0.4730Commercial REITsSmall-CapUnited States
CORESITE REALTY CORP CORCOR0.4700Commercial REITsSmall-CapUnited States
MACK-CALI REALTY CORP CLICLI0.4574Commercial REITsSmall-CapUnited States
FABEGE AB FABGFABG SS0.4532Real Estate Development & OperationsSmall-CapSweden
GOODMAN GROUP GMGGMG AU0.4528Commercial REITsMid-CapAustralia
COUSINS PROPERTIES INC CUZCUZ0.4361Commercial REITsSmall-CapUnited States
PS BUSINESS PARKS INC/CA PSBPSB0.4260Commercial REITsSmall-CapUnited States
FIRST CAPITAL REALTY INC FCRFCR CN0.4253Real Estate Development & OperationsMid-CapCanada
UOL GROUP LTD UOLUOL SP0.4224Real Estate Development & OperationsSmall-CapSingapore
H&R REAL ESTATE INV-REIT UTS HR-UHR-U CN0.3924Commercial REITsMid-CapCanada
UNIBAIL-RODAMCO SE ULUL NA0.3900Real Estate Development & OperationsLarge-CapFrance
DEUTSCHE EUROSHOP AG DEQDEQ GR0.3853Real Estate Development & OperationsSmall-CapGermany
INVESTA OFFICE FUND IOFIOF AU0.3799Commercial REITsSmall-CapAustralia
JAPAN LOGISTICS FUND INC 89678967 JP0.3754Commercial REITsSmall-CapJapan
MORI TRUST SOGO REIT INC 89618961 JP0.3748Diversified REITsSmall-CapJapan
SMART REAL ESTATE INVESTMENT SRU-USRU-U CN0.3661Commercial REITsSmall-CapCanada
SOTETSU HOLDINGS INC 90039003 JP0.3639Real Estate Development & OperationsSmall-CapJapan
HUFVUDSTADEN AB-A SHS HUFVAHUFVA SS0.3603Real Estate Development & OperationsSmall-CapSweden
RELO HOLDINGS INC 88768876 JP0.3578Real Estate ServicesSmall-CapJapan
LTC PROPERTIES INC LTCLTC0.3525Specialized REITsSmall-CapUnited States
NOMURA REAL ESTATE HOLDINGS 32313231 JP0.3415Real Estate Development & OperationsSmall-CapJapan
SELECT INCOME REIT SIRSIR0.3389Commercial REITsSmall-CapUnited States
SWIRE PACIFIC LTD-CL B 8787 HK0.3345Real Estate Development & OperationsMid-CapHong Kong
CAN APARTMENT PROP REAL ESTA CAR-UCAR-U CN0.3326Residential REITsSmall-CapCanada
EUROCOMMERCIAL PROPERTIE-CV ECMPAECMPA NA0.3303Real Estate Development & OperationsSmall-CapNetherlands
MONOGRAM RESIDENTIAL TRUST I MOREMORE0.3299Residential REITsSmall-CapUnited States
HOPEWELL HOLDINGS LTD 5454 HK0.3258Real Estate Development & OperationsSmall-CapHong Kong
BWP TRUST BWPBWP AU0.3113Commercial REITsSmall-CapAustralia
LEOPALACE21 CORP 88488848 JP0.3088Real Estate Development & OperationsSmall-CapJapan
FORTUNE REIT FRTFRT SP0.3087Diversified REITsSmall-CapSingapore
WIHLBORGS FASTIGHETER AB WIHLWIHL SS0.3042Real Estate Development & OperationsSmall-CapSweden
MAPLETREE INDUSTRIAL TRUST MINTMINT SP0.3012Commercial REITsSmall-CapSingapore
ALLIED PROPERTIES REAL ESTAT AP-UAP-U CN0.3011Commercial REITsSmall-CapCanada
SHOPPING CENTRES AUSTRALASIA SCPSCP AU0.2914Commercial REITsSmall-CapAustralia
TAKARA LEBEN CO LTD 88978897 JP0.2899Real Estate Development & OperationsSmall-CapJapan
MOBIMO HOLDING AG-REG MOBNMOBN SW0.2896Real Estate Development & OperationsSmall-CapSwitzerland
CHARTER HALL RETAIL REIT CQRCQR AU0.2894Commercial REITsSmall-CapAustralia
RAMCO-GERSHENSON PROPERTIES RPTRPT0.2890Commercial REITsSmall-CapUnited States
KIWI PROPERTY GROUP LTD KPGKPG NZ0.2890Commercial REITsSmall-CapNew Zealand
MAPLETREE COMMERCIAL TRUST MCTMCT SP0.2872Commercial REITsSmall-CapSingapore
NTT URBAN DEVELOPMENT CORP 89338933 JP0.2849Real Estate Development & OperationsSmall-CapJapan
URSTADT BIDDLE - CLASS A UBAUBA0.2809Commercial REITsSmall-CapUnited States
CONWERT IMMOBILIEN INVEST SE CWICWI AV0.2785Real Estate Development & OperationsSmall-CapAustria
SPONDA OYJ SDA1VSDA1V FH0.2697Real Estate Development & OperationsSmall-CapFinland
OPEN HOUSE CO LTD 32883288 JP0.2662Real Estate ServicesSmall-CapJapan
MCGRATH RENTCORP MGRCMGRC0.2649Real Estate Development & OperationsSmall-CapUnited States
PRECINCT PROPERTIES NEW ZEAL PCTPCT NZ0.2645Real Estate Development & OperationsSmall-CapNew Zealand
CA IMMOBILIEN ANLAGEN AG CAICAI AV0.2625Real Estate Development & OperationsSmall-CapAustria
WING TAI HOLDINGS LTD WINGTWINGT SP0.2562Real Estate Development & OperationsSmall-CapSingapore
PURE INDUSTRIAL REAL ESTATE AAR-UAAR-U CN0.2548Commercial REITsSmall-CapCanada
WORKSPACE GROUP PLC WKPWKP LN0.2546Commercial REITsSmall-CapUnited Kingdom
GLOBAL ONE REIT 89588958 JP0.2527Commercial REITsSmall-CapJapan
GETTY REALTY CORP GTYGTY0.2525Commercial REITsSmall-CapUnited States
SWIRE PROPERTIES LTD 19721972 HK0.2523Real Estate Development & OperationsLarge-CapHong Kong
TAG IMMOBILIEN AG TEGTEG GR0.2512Real Estate Development & OperationsSmall-CapGermany
BIG YELLOW GROUP PLC BYGBYG LN0.2493Specialized REITsSmall-CapUnited Kingdom
ENTRA ASA ENTRAENTRA NO0.2486Real Estate Development & OperationsSmall-CapNorway
MAPLETREE GREATER CHINA COMM MAGICMAGIC SP0.2365Diversified REITsSmall-CapSingapore
ST JOE CO/THE JOEJOE0.2345Real Estate Development & OperationsSmall-CapUnited States
FRASERS CENTREPOINT TRUST FCTFCT SP0.2337Commercial REITsSmall-CapSingapore
YANLORD LAND GROUP LTD YLLGYLLG SP0.2336Real Estate Development & OperationsSmall-CapSingapore
KYORITSU MAINTENANCE CO LTD 96169616 JP0.2294Real Estate ServicesSmall-CapJapan
PARKWAYLIFE REAL ESTATE PREITPREIT SP0.2269Specialized REITsSmall-CapSingapore
GRANITE REAL ESTATE INVESTME GRT-UGRT-U CN0.2255Commercial REITsSmall-CapCanada
DAIBIRU CORP 88068806 JP0.2101Real Estate Development & OperationsSmall-CapJapan
GOODMAN PROPERTY TRUST GMTGMT NZ0.2097Commercial REITsSmall-CapNew Zealand
NORWEGIAN PROPERTY ASA NPRONPRO NO0.2070Real Estate Development & OperationsSmall-CapNorway
MORGUARD CORP MRCMRC CN0.1897Real Estate Development & OperationsSmall-CapCanada
HEIWA REAL ESTATE CO LTD 88038803 JP0.1695Real Estate Development & OperationsMicro-CapJapan
SEA HOLDINGS LTD 251251 HK0.1677Real Estate Development & OperationsSmall-CapHong Kong
LIU CHONG HING INVESTMENT 194194 HK0.1608Real Estate Development & OperationsMicro-CapHong Kong
DEUTSCHE WOHNEN AG-BR DWNIDWNI GR0.1523Real Estate Development & OperationsMid-CapGermany
DAIKYO INC 88408840 JP0.1453Real Estate Development & OperationsSmall-CapJapan
FRASERS CENTREPOINT LTD FCLFCL SP0.1414Real Estate Development & OperationsSmall-CapSingapore
GUOCOLAND LTD GUOLGUOL SP0.1409Real Estate Development & OperationsSmall-CapSingapore
HO BEE LAND LTD HOBEEHOBEE SP0.1392Real Estate Development & OperationsSmall-CapSingapore
TAI CHEUNG HOLDINGS 8888 HK0.1374Real Estate Development & OperationsMicro-CapHong Kong
HKR INTERNATIONAL LTD 480480 HK0.1353Real Estate Development & OperationsSmall-CapHong Kong
SUNLIGHT REAL ESTATE INVEST 435435 HK0.1333Commercial REITsSmall-CapHong Kong
SIM LIAN GROUP LTD SLGSLG SP0.1332Real Estate Development & OperationsSmall-CapSingapore
DAEJAN HOLDINGS PLC DJANDJAN LN0.1329Real Estate Development & OperationsSmall-CapUnited Kingdom
MELCOR DEVELOPMENTS LTD MRDMRD CN0.1297Real Estate Development & OperationsMicro-CapCanada
GROWTHPOINT PROPERTIES AUSTR GOZGOZ AU0.1293Commercial REITsSmall-CapAustralia
FONCIERE LYONNAISE FLYFLY FP0.1289Commercial REITsSmall-CapFrance
SAGAX AB-B SAGABSAGAB SS0.1282Real Estate Development & OperationsSmall-CapSweden
BROOKFIELD CANADA OFFICE PRO BOX-UBOX-U CN0.1277Commercial REITsSmall-CapCanada
KABUKI-ZA CO LTD 96619661 JP0.1260Real Estate Development & OperationsSmall-CapJapan
INTERSHOP HOLDING AG ISNISN SW0.1260Real Estate Development & OperationsSmall-CapSwitzerland
OLAV THON EIENDOMSSELSKAP AS OLTOLT NO0.1235Real Estate Development & OperationsSmall-CapNorway
FAR EAST ORCHARD LTD FEORFEOR SP0.1233Real Estate Development & OperationsMicro-CapSingapore
CORPORACION FINANCIERA ALBA ALBALB SM0.1221Real Estate Development & OperationsSmall-CapSpain
GRIVALIA PROPERTIES REIC GRIVGRIV GA0.1204Commercial REITsSmall-CapGreece
ALROV PROPERTIES AND LODGING ALRPRALRPR IT0.1083Real Estate Development & OperationsSmall-CapIsrael
TOC CO LTD 88418841 JP0.1079Real Estate Development & OperationsSmall-CapJapan
TERREIS TERTER FP0.0912Real Estate Development & OperationsSmall-CapFrance
SAFESTORE HOLDINGS PLC SAFESAFE LN0.0898Specialized REITsSmall-CapUnited Kingdom
TRICON CAPITAL GROUP INC TCNTCN CN0.0725Real Estate ServicesSmall-CapCanada
FONCIERE DES REGIONS FDRFDR FP0.0447Commercial REITsMid-CapFrance
UNITED INDUSTRIAL CORP LTD UICUIC SP0.0420Real Estate Development & OperationsSmall-CapSingapore
TRITAX BIG BOX REIT PLC BBOXBBOX LN0.0309Specialized REITsSmall-CapUnited Kingdom

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
06/20/201606/22/201606/24/20160.4329530000.432953
03/21/201603/23/201603/28/20160.3858230000.385823
12/23/201512/28/201512/30/20150.4999350000.499935
09/18/201509/22/201509/24/20150.2958790000.295879
06/19/201506/23/201506/25/20150.3108370000.310837
03/20/201503/24/201503/26/20150.2102300000.210230
12/29/201412/31/201401/05/20150.5605270000.560527
09/19/201409/23/201409/25/20140.1995140000.199514
06/20/201406/24/201406/26/20140.5444230000.544423
03/21/201403/25/201403/27/20140.1452910000.145291
12/27/201312/31/201301/03/20140.1926930000.192693

The Northern Trust Global Quality Real Estate Index is designed to maximize exposure to quality, value and momentum factors, within a universe of companies operating in the real estate sector. The proprietary Northern Trust quality factor (henceforth referenced as the Northern Trust Quality Score or NTQS) is used to identify companies that exhibit strength in profitability, management expertise and cash flow, while value and momentum factors are included to help provide long term capital appreciation and also mitigate risk.