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FlexShares Global Quality Real Estate Index Fund

Objective and Strategy

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

Different, by Design

1. Assess the current financial state of global real estate companies based on a quality factor
2. Maximize exposure to the quality, value and momentum factors
3. Utilize constraints in an effort to minimize the overall risk of the strategy

Fund Facts

as of 08/26/2016
Inception11/05/2013
CUSIP33939L787
Total Net Assets$ 207,722,654.76
Shares Outstanding3,400,001
# 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 08/26/2016
SEC Subsidized Yield2 (as of 07/31/2016)2.73%
SEC Unsubsidized Yield3
 (as of 07/31/2016)
2.72%
Distribution Yield42.84%
12-Month Dividend Yield52.64%
Weighted Average Market Cap13,231,736,606.39
Price to Earnings (as of 07/31/2016)24.40
Price to Book  (as of 07/31/2016)3.04
Price to Cash Flow  (as of 07/31/2016)15.35
Price to Sales  (as of 07/31/2016)9.84
View Standardized Performance

Market Cap (%)

as of 08/26/2016
Large-Cap42.79
Mid-Cap29.67
Small-Cap27.30
Micro-Cap.24
Total100.00

Style (%)

as of 08/25/2016
Value24.11
Core43.93
Growth31.96
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 07/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price3.513.5112.8313.3711.59
NAV3.963.9612.9113.2911.53
Northern Trust Global Quality Real Estate Index (NTGQRENTR)4.014.0113.0513.6511.45
FTSE EPRA/NAREIT Developed Index (TRNGLU)5.025.0214.3313.309.14

Quarter End Performance (%)

as of 06/30/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price3.974.019.0012.8410.53
NAV3.443.448.6112.3310.29
Northern Trust Global Quality Real Estate Index (NTGQRENTR)3.473.458.6912.7810.19
FTSE EPRA/NAREIT Developed Index (TRNGLU)3.613.468.8711.587.45
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 08/26/2016
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 08/26/2016
Price$60.96
Price $ Change$-.55
Price % Change-.89%
Avg Bid/Ask Spread$.05
Bid/Ask Midpoint$60.99
Closing Bid Price$60.97
Closing Ask Price$61.01

NAV Price

as of 08/26/2016
Price$61.09
Price $ Change$-.36
Price % Change-.59%

Trading

as of 08/26/2016
52-Week High$63.88
52-Week Low$51.12
Premium/Discount$-.10
Daily Trading Volume (Shares)5,507
Average Trading Volume (Shares)7,610
Shares Outstanding3,400,001

TOP TEN HOLDINGS

as of 08/25/2016
NameTickerFund
Weight %
SectorMarket CapCountry
PROLOGIS INC PLDPLD5.0326Commercial REITsLarge-CapUnited States
PUBLIC STORAGE PSAPSA4.5628Specialized REITsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB4.2917Residential REITsLarge-CapUnited States
SCENTRE GROUP SCGSCG AU4.0421Commercial REITsLarge-CapAustralia
EQUITY RESIDENTIAL EQREQR3.9027Residential REITsLarge-CapUnited States
LINK REIT 823823 HK3.2690Commercial REITsLarge-CapHong Kong
DIGITAL REALTY TRUST INC DLRDLR2.7813Commercial REITsLarge-CapUnited States
SIMON PROPERTY GROUP INC SPGSPG2.5871Commercial REITsLarge-CapUnited States
KIMCO REALTY CORP KIMKIM2.3960Commercial REITsLarge-CapUnited States
LAND SECURITIES GROUP PLC LANDLAND LN2.2209Commercial REITsMid-CapUnited Kingdom
MACERICH CO/THE MACMAC2.1693Commercial REITsLarge-CapUnited States
DAITO TRUST CONSTRUCT CO LTD 18781878 JP2.1143Real Estate Development & OperationsLarge-CapJapan
HOST HOTELS & RESORTS INC HSTHST1.9559Specialized REITsLarge-CapUnited States
DUKE REALTY CORP DREDRE1.8617Commercial REITsMid-CapUnited States
HONGKONG LAND HOLDINGS LTD HKLHKL SP1.4657Real Estate Development & OperationsLarge-CapHong Kong
REGENCY CENTERS CORP REGREG1.4465Commercial REITsMid-CapUnited States
GPT GROUP GPTGPT AU1.4243Diversified REITsMid-CapAustralia
HENDERSON LAND DEVELOPMENT 1212 HK1.3840Real Estate Development & OperationsLarge-CapHong Kong
MID-AMERICA APARTMENT COMM MAAMAA1.3662Residential REITsMid-CapUnited States
NATIONAL RETAIL PROPERTIES NNNNNN1.2762Commercial REITsMid-CapUnited States
NIPPON BUILDING FUND INC 89518951 JP1.2476Commercial REITsMid-CapJapan
FOREST CITY REALTY TRUST- A FCE/AFCE/A1.2298Commercial REITsMid-CapUnited States
EQUITY LIFESTYLE PROPERTIES ELSELS1.2071Residential REITsMid-CapUnited States
NOMURA REAL ESTATE MASTER FU 34623462 JP1.1709Commercial REITsMid-CapJapan
SWIRE PACIFIC LTD - CL A 1919 HK1.0970Real Estate Development & OperationsMid-CapHong Kong
GECINA SA GFCGFC FP1.0027Diversified REITsMid-CapFrance
HIGHWOODS PROPERTIES INC HIWHIW0.9669Commercial REITsMid-CapUnited States
WEINGARTEN REALTY INVESTORS WRIWRI0.9476Commercial REITsMid-CapUnited States
WHEELOCK & CO LTD 2020 HK0.9386Real Estate Development & OperationsMid-CapHong Kong
IRON MOUNTAIN INC IRMIRM0.8962Commercial REITsMid-CapUnited States
EPR PROPERTIES EPREPR0.8635Commercial REITsMid-CapUnited States
RETAIL PROPERTIES OF AME - A RPAIRPAI0.7840Commercial REITsMid-CapUnited States
PSP SWISS PROPERTY AG-REG PSPNPSPN SW0.7822Real Estate Development & OperationsMid-CapSwitzerland
SEGRO PLC SGROSGRO LN0.7808Commercial REITsMid-CapUnited Kingdom
DERWENT LONDON PLC DLNDLN LN0.7458Commercial REITsMid-CapUnited Kingdom
EQUITY COMMONWEALTH EQCEQC0.7181Commercial REITsMid-CapUnited States
POST PROPERTIES INC PPSPPS0.6976Residential REITsSmall-CapUnited States
CASTELLUM AB CASTCAST SS0.6930Real Estate Development & OperationsMid-CapSweden
RIOCAN REAL ESTATE INVST TR REI-UREI-U CN0.6799Commercial REITsMid-CapCanada
HYSAN DEVELOPMENT CO 1414 HK0.6523Real Estate Development & OperationsMid-CapHong Kong
PIEDMONT OFFICE REALTY TRU-A PDMPDM0.6047Commercial REITsSmall-CapUnited States
GREAT PORTLAND ESTATES PLC GPORGPOR LN0.6001Commercial REITsSmall-CapUnited Kingdom
SHAFTESBURY PLC SHBSHB LN0.5788Commercial REITsSmall-CapUnited Kingdom
NATL HEALTH INVESTORS INC NHINHI0.5690Specialized REITsSmall-CapUnited States
IIDA GROUP HOLDINGS CO LTD 32913291 JP0.5561Real Estate Development & OperationsMid-CapJapan
DUPONT FABROS TECHNOLOGY DFTDFT0.5441Commercial REITsSmall-CapUnited States
FRONTIER REAL ESTATE INVEST 89648964 JP0.5057Commercial REITsSmall-CapJapan
TOKYU FUDOSAN HOLDINGS CORP 32893289 JP0.4977Real Estate Development & OperationsSmall-CapJapan
ACADIA REALTY TRUST AKRAKR0.4901Commercial REITsSmall-CapUnited States
FABEGE AB FABGFABG SS0.4797Real Estate Development & OperationsSmall-CapSweden
GOODMAN GROUP GMGGMG AU0.4762Commercial REITsMid-CapAustralia
MACK-CALI REALTY CORP CLICLI0.4591Commercial REITsSmall-CapUnited States
LIFE STORAGE INC LSILSI0.4452Specialized REITsMid-CapUnited States
COUSINS PROPERTIES INC CUZCUZ0.4366Commercial REITsSmall-CapUnited States
PS BUSINESS PARKS INC/CA PSBPSB0.4358Commercial REITsSmall-CapUnited States
UOL GROUP LTD UOLUOL SP0.4273Real Estate Development & OperationsSmall-CapSingapore
FIRST CAPITAL REALTY INC FCRFCR CN0.4143Real Estate Development & OperationsMid-CapCanada
CORESITE REALTY CORP CORCOR0.4112Commercial REITsSmall-CapUnited States
H&R REAL ESTATE INV-REIT UTS HR-UHR-U CN0.4061Commercial REITsMid-CapCanada
UNIBAIL-RODAMCO SE ULUL NA0.4024Real Estate Development & OperationsLarge-CapFrance
HUFVUDSTADEN AB-A SHS HUFVAHUFVA SS0.3928Real Estate Development & OperationsSmall-CapSweden
JAPAN LOGISTICS FUND INC 89678967 JP0.3872Commercial REITsSmall-CapJapan
INVESTA OFFICE FUND IOFIOF AU0.3830Commercial REITsSmall-CapAustralia
DEUTSCHE EUROSHOP AG DEQDEQ GR0.3787Real Estate Development & OperationsSmall-CapGermany
MORI TRUST SOGO REIT INC 89618961 JP0.3562Diversified REITsSmall-CapJapan
LTC PROPERTIES INC LTCLTC0.3542Specialized REITsSmall-CapUnited States
SOTETSU HOLDINGS INC 90039003 JP0.3536Real Estate Development & OperationsSmall-CapJapan
HOPEWELL HOLDINGS LTD 5454 HK0.3514Real Estate Development & OperationsSmall-CapHong Kong
SELECT INCOME REIT SIRSIR0.3504Commercial REITsSmall-CapUnited States
SMART REAL ESTATE INVESTMENT SRU-USRU-U CN0.3480Commercial REITsSmall-CapCanada
MAPLETREE COMMERCIAL TRUST MCTMCT SP0.3456Commercial REITsSmall-CapSingapore
EUROCOMMERCIAL PROPERTIE-CV ECMPAECMPA NA0.3437Real Estate Development & OperationsSmall-CapNetherlands
FORTUNE REIT FRTFRT SP0.3374Diversified REITsSmall-CapSingapore
MONOGRAM RESIDENTIAL TRUST I MOREMORE0.3322Residential REITsSmall-CapUnited States
NOMURA REAL ESTATE HOLDINGS 32313231 JP0.3267Real Estate Development & OperationsSmall-CapJapan
SWIRE PACIFIC LTD-CL B 8787 HK0.3257Real Estate Development & OperationsMid-CapHong Kong
RELO GROUP INC 88768876 JP0.3219Real Estate ServicesSmall-CapJapan
WIHLBORGS FASTIGHETER AB WIHLWIHL SS0.3151Real Estate Development & OperationsSmall-CapSweden
LEOPALACE21 CORP 88488848 JP0.3145Real Estate Development & OperationsSmall-CapJapan
MAPLETREE INDUSTRIAL TRUST MINTMINT SP0.3122Commercial REITsSmall-CapSingapore
MOBIMO HOLDING AG-REG MOBNMOBN SW0.3098Real Estate Development & OperationsSmall-CapSwitzerland
CAN APARTMENT PROP REAL ESTA CAR-UCAR-U CN0.3063Residential REITsSmall-CapCanada
SPONDA OYJ SDA1VSDA1V FH0.3038Real Estate Development & OperationsSmall-CapFinland
KIWI PROPERTY GROUP LTD KPGKPG NZ0.3013Commercial REITsSmall-CapNew Zealand
BWP TRUST BWPBWP AU0.2946Commercial REITsSmall-CapAustralia
RAMCO-GERSHENSON PROPERTIES RPTRPT0.2938Commercial REITsSmall-CapUnited States
CONWERT IMMOBILIEN INVEST SE CWICWI AV0.2885Real Estate Development & OperationsSmall-CapAustria
SHOPPING CENTRES AUSTRALASIA SCPSCP AU0.2883Commercial REITsSmall-CapAustralia
ALLIED PROPERTIES REAL ESTAT AP-UAP-U CN0.2878Commercial REITsSmall-CapCanada
ENTRA ASA ENTRAENTRA NO0.2844Real Estate Development & OperationsSmall-CapNorway
GETTY REALTY CORP GTYGTY0.2769Commercial REITsSmall-CapUnited States
TAKARA LEBEN CO LTD 88978897 JP0.2751Real Estate Development & OperationsSmall-CapJapan
PRECINCT PROPERTIES NEW ZEAL PCTPCT NZ0.2751Real Estate Development & OperationsSmall-CapNew Zealand
MCGRATH RENTCORP MGRCMGRC0.2743Real Estate Development & OperationsSmall-CapUnited States
CA IMMOBILIEN ANLAGEN AG CAICAI AV0.2726Real Estate Development & OperationsSmall-CapAustria
TAG IMMOBILIEN AG TEGTEG GR0.2712Real Estate Development & OperationsSmall-CapGermany
PURE INDUSTRIAL REAL ESTATE AAR-UAAR-U CN0.2686Commercial REITsSmall-CapCanada
WING TAI HOLDINGS LTD WINGTWINGT SP0.2642Real Estate Development & OperationsSmall-CapSingapore
SWIRE PROPERTIES LTD 19721972 HK0.2625Real Estate Development & OperationsLarge-CapHong Kong
URSTADT BIDDLE - CLASS A UBAUBA0.2604Commercial REITsSmall-CapUnited States
MAPLETREE GREATER CHINA COMM MAGICMAGIC SP0.2580Diversified REITsSmall-CapSingapore
CHARTER HALL RETAIL REIT CQRCQR AU0.2576Commercial REITsSmall-CapAustralia
YANLORD LAND GROUP LTD YLLGYLLG SP0.2566Real Estate Development & OperationsSmall-CapSingapore
GLOBAL ONE REIT 89588958 JP0.2555Commercial REITsSmall-CapJapan
ST JOE CO/THE JOEJOE0.2506Real Estate Development & OperationsSmall-CapUnited States
FRASERS CENTREPOINT TRUST FCTFCT SP0.2465Commercial REITsSmall-CapSingapore
NTT URBAN DEVELOPMENT CORP 89338933 JP0.2451Real Estate Development & OperationsSmall-CapJapan
GRANITE REAL ESTATE INVESTME GRT-UGRT-U CN0.2391Commercial REITsSmall-CapCanada
NORWEGIAN PROPERTY ASA NPRONPRO NO0.2358Real Estate Development & OperationsSmall-CapNorway
KYORITSU MAINTENANCE CO LTD 96169616 JP0.2312Real Estate ServicesSmall-CapJapan
OPEN HOUSE CO LTD 32883288 JP0.2264Real Estate ServicesSmall-CapJapan
DAIBIRU CORP 88068806 JP0.2252Real Estate Development & OperationsSmall-CapJapan
PARKWAYLIFE REAL ESTATE PREITPREIT SP0.2226Specialized REITsSmall-CapSingapore
BIG YELLOW GROUP PLC BYGBYG LN0.2223Specialized REITsSmall-CapUnited Kingdom
GOODMAN PROPERTY TRUST GMTGMT NZ0.2184Commercial REITsSmall-CapNew Zealand
WORKSPACE GROUP PLC WKPWKP LN0.2182Commercial REITsSmall-CapUnited Kingdom
MORGUARD CORP MRCMRC CN0.2021Real Estate Development & OperationsSmall-CapCanada
LIU CHONG HING INVESTMENT 194194 HK0.2010Real Estate Development & OperationsSmall-CapHong Kong
HEIWA REAL ESTATE CO LTD 88038803 JP0.1754Real Estate Development & OperationsSmall-CapJapan
DEUTSCHE WOHNEN AG-BR DWNIDWNI GR0.1718Real Estate Development & OperationsLarge-CapGermany
SEA HOLDINGS LTD 251251 HK0.1653Real Estate Development & OperationsSmall-CapHong Kong
DAIKYO INC 88408840 JP0.1633Real Estate Development & OperationsSmall-CapJapan
SAGAX AB-B SAGABSAGAB SS0.1555Real Estate Development & OperationsSmall-CapSweden
SIM LIAN GROUP LTD SLGSLG SP0.1530Real Estate Development & OperationsSmall-CapSingapore
SUNLIGHT REAL ESTATE INVEST 435435 HK0.1473Commercial REITsSmall-CapHong Kong
HKR INTERNATIONAL LTD 480480 HK0.1429Real Estate Development & OperationsSmall-CapHong Kong
OLAV THON EIENDOMSSELSKAP AS OLTOLT NO0.1414Real Estate Development & OperationsSmall-CapNorway
TAI CHEUNG HOLDINGS 8888 HK0.1403Real Estate Development & OperationsSmall-CapHong Kong
GUOCOLAND LTD GUOLGUOL SP0.1399Real Estate Development & OperationsSmall-CapSingapore
FRASERS CENTREPOINT LTD FCLFCL SP0.1337Real Estate Development & OperationsSmall-CapSingapore
HO BEE LAND LTD HOBEEHOBEE SP0.1321Real Estate Development & OperationsSmall-CapSingapore
DAEJAN HOLDINGS PLC DJANDJAN LN0.1321Real Estate Development & OperationsSmall-CapUnited Kingdom
INTERSHOP HOLDING AG ISNISN SW0.1306Real Estate Development & OperationsSmall-CapSwitzerland
FONCIERE LYONNAISE FLYFLY FP0.1302Commercial REITsSmall-CapFrance
GROWTHPOINT PROPERTIES AUSTR GOZGOZ AU0.1291Commercial REITsSmall-CapAustralia
MELCOR DEVELOPMENTS LTD MRDMRD CN0.1278Real Estate Development & OperationsMicro-CapCanada
KABUKI-ZA CO LTD 96619661 JP0.1215Real Estate Development & OperationsSmall-CapJapan
GRIVALIA PROPERTIES REIC GRIVGRIV GA0.1204Commercial REITsSmall-CapGreece
BROOKFIELD CANADA OFFICE PRO BOX-UBOX-U CN0.1201Commercial REITsSmall-CapCanada
ALROV PROPERTIES AND LODGING ALRPRALRPR IT0.1189Real Estate Development & OperationsSmall-CapIsrael
CORPORACION FINANCIERA ALBA ALBALB SM0.1179Real Estate Development & OperationsSmall-CapSpain
FAR EAST ORCHARD LTD FEORFEOR SP0.1159Real Estate Development & OperationsMicro-CapSingapore
TOC CO LTD 88418841 JP0.1056Real Estate Development & OperationsSmall-CapJapan
TERREIS TERTER FP0.0873Real Estate Development & OperationsSmall-CapFrance
SAFESTORE HOLDINGS PLC SAFESAFE LN0.0870Specialized REITsSmall-CapUnited Kingdom
TRICON CAPITAL GROUP INC TCNTCN CN0.0804Real Estate ServicesSmall-CapCanada
FONCIERE DES REGIONS FDRFDR FP0.0466Commercial REITsMid-CapFrance
UNITED INDUSTRIAL CORP LTD UICUIC SP0.0399Real Estate Development & OperationsSmall-CapSingapore
TRITAX BIG BOX REIT PLC BBOXBBOX LN0.0325Specialized 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.