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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 05/23/2016
Inception11/05/2013
CUSIP33939L787
Total Net Assets$ 191,933,977.73
Shares Outstanding3,300,001
# of Holdings*150
Gross Expense Ratio.46%
Net Expense Ratio**.45%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE Arca
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 TickerGQRE
Related IndexNTGQRE
NAVGQRE.NV
IOPVGQRE.IV
Shares OutstandingGQRE.SO
Estimated CashGQRE.EU
Total CashGQRE.TC

Fund Characteristics1

as of 05/23/2016
SEC Subsidized Yield2 (as of 04/30/2016)3.38%
SEC Unsubsidized Yield3
 (as of 04/30/2016)
3.38%
Distribution Yield42.66%
12-Month Dividend Yield52.57%
Weighted Average Market Cap13,767,198,104.00
Price to Earnings (as of 04/30/2016)22.47
Price to Book  (as of 04/30/2016)2.71
Price to Cash Flow  (as of 04/30/2016)14.58
Price to Sales  (as of 04/30/2016)9.28
View Standardized Performance

Market Cap (%)

as of 05/23/2016
Large-Cap44.49
Mid-Cap27.44
Small-Cap27.00
Micro-Cap1.07
Total100.00

Style (%)

as of 05/24/2016
Value22.69
Core37.09
Growth40.22
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 04/30/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price-1.15-1.153.604.219.02
NAV-.83-.834.124.689.15
Northern Trust Global Quality Real Estate Index (NTGQRENTR)-.85-.854.174.339.04
Dow Jones Global Select Real Estate Securities Index (DWGRSN)-.65-.654.573.297.95

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 05/23/2016
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 05/23/2016
Price$58.25
Price $ Change$.02
Price % Change.03%
Avg Bid/Ask Spread$.06
Bid/Ask Midpoint$58.27
Closing Bid Price$58.24
Closing Ask Price$58.29

NAV Price

as of 05/23/2016
Price$58.16
Price $ Change$-.01
Price % Change-.02%

Trading

as of 05/23/2016
52-Week High$60.51
52-Week Low$44.18
Premium/Discount$.10
Daily Trading Volume (Shares)8,490
Average Trading Volume (Shares)7,950
Shares Outstanding3,300,001

TOP TEN HOLDINGS

as of 05/23/2016
NameTickerFund
Weight %
SectorMarket CapCountry
PUBLIC STORAGE PSAPSA5.3698Specialized REITsLarge-CapUnited States
PROLOGIS INC PLDPLD4.9465Commercial REITsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB4.6469Residential REITsLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR4.2044Residential REITsLarge-CapUnited States
SCENTRE GROUP SCGSCG AU3.6000Commercial REITsLarge-CapAustralia
GENERAL GROWTH PROPERTIES GGPGGP3.0837Commercial REITsLarge-CapUnited States
DIGITAL REALTY TRUST INC DLRDLR2.8175Commercial REITsLarge-CapUnited States
LAND SECURITIES GROUP PLC LANDLAND LN2.7610Commercial REITsLarge-CapUnited Kingdom
LINK REIT 823823 HK2.7099Commercial REITsLarge-CapHong Kong
SIMON PROPERTY GROUP INC SPGSPG2.4726Commercial REITsLarge-CapUnited States
KIMCO REALTY CORP KIMKIM2.3006Commercial REITsMid-CapUnited States
DAITO TRUST CONSTRUCT CO LTD 18781878 JP2.1779Real Estate Development & OperationsLarge-CapJapan
EXTRA SPACE STORAGE INC EXREXR2.0387Specialized REITsMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST1.6477Specialized REITsMid-CapUnited States
DUKE REALTY CORP DREDRE1.6279Commercial REITsMid-CapUnited States
MID-AMERICA APARTMENT COMM MAAMAA1.5160Residential REITsMid-CapUnited States
REGENCY CENTERS CORP REGREG1.4443Commercial REITsMid-CapUnited States
HONGKONG LAND HOLDINGS LTD HKLHKL SP1.4426Real Estate Development & OperationsLarge-CapHong Kong
GPT GROUP GPTGPT AU1.4027Diversified REITsMid-CapAustralia
HENDERSON LAND DEVELOPMENT 1212 HK1.3979Real Estate Development & OperationsLarge-CapHong Kong
NATIONAL RETAIL PROPERTIES NNNNNN1.1903Commercial REITsMid-CapUnited States
EQUITY LIFESTYLE PROPERTIES ELSELS1.1746Residential REITsMid-CapUnited States
NOMURA REAL ESTATE MASTER FU 34623462 JP1.0927Commercial REITsMid-CapJapan
SWIRE PACIFIC LTD - CL A 1919 HK1.0870Real Estate Development & OperationsMid-CapHong Kong
UNIBAIL-RODAMCO SE ULUL NA1.0458Real Estate Development & OperationsLarge-CapFrance
DERWENT LONDON PLC DLNDLN LN1.0397Commercial REITsMid-CapUnited Kingdom
SEGRO PLC SGROSGRO LN0.9784Commercial REITsMid-CapUnited Kingdom
WEINGARTEN REALTY INVESTORS WRIWRI0.8745Commercial REITsMid-CapUnited States
EPR PROPERTIES EPREPR0.8210Commercial REITsMid-CapUnited States
GREAT PORTLAND ESTATES PLC GPORGPOR LN0.7901Commercial REITsMid-CapUnited Kingdom
PSP SWISS PROPERTY AG-REG PSPNPSPN SW0.7690Real Estate Development & OperationsMid-CapSwitzerland
RETAIL PROPERTIES OF AME - A RPAIRPAI0.7667Commercial REITsSmall-CapUnited States
MITSUBISHI ESTATE CO LTD 88028802 JP0.7573Real Estate Development & OperationsLarge-CapJapan
WHEELOCK & CO LTD 2020 HK0.7401Real Estate Development & OperationsMid-CapHong Kong
SOVRAN SELF STORAGE INC SSSSSS0.7330Specialized REITsMid-CapUnited States
SHAFTESBURY PLC SHBSHB LN0.7199Commercial REITsSmall-CapUnited Kingdom
TOKYU FUDOSAN HOLDINGS CORP 32893289 JP0.7011Real Estate Development & OperationsMid-CapJapan
RIOCAN REAL ESTATE INVST TR REI-UREI-U CN0.6864Commercial REITsMid-CapCanada
POST PROPERTIES INC PPSPPS0.6593Residential REITsSmall-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.6131Specialized REITsSmall-CapUnited States
IIDA GROUP HOLDINGS CO LTD 32913291 JP0.6116Real Estate Development & OperationsMid-CapJapan
PIEDMONT OFFICE REALTY TRU-A PDMPDM0.5773Commercial REITsSmall-CapUnited States
HYSAN DEVELOPMENT CO 1414 HK0.5679Real Estate Development & OperationsMid-CapHong Kong
DUPONT FABROS TECHNOLOGY DFTDFT0.5550Commercial REITsSmall-CapUnited States
SOTETSU HOLDINGS INC 90039003 JP0.4861Real Estate Development & OperationsSmall-CapJapan
COLUMBIA PROPERTY TRUST INC CXPCXP0.4829Commercial REITsSmall-CapUnited States
DEUTSCHE WOHNEN AG-BR DWNIDWNI GR0.4775Real Estate Development & OperationsMid-CapGermany
H&R REAL ESTATE INV-REIT UTS HR-UHR-U CN0.4723Commercial REITsMid-CapCanada
VORNADO REALTY TRUST VNOVNO0.4455Commercial REITsLarge-CapUnited States
FRONTIER REAL ESTATE INVEST 89648964 JP0.4441Commercial REITsSmall-CapJapan
CASTELLUM AB CASTCAST SS0.4323Real Estate Development & OperationsSmall-CapSweden
FABEGE AB FABGFABG SS0.4319Real Estate Development & OperationsSmall-CapSweden
COUSINS PROPERTIES INC CUZCUZ0.4305Commercial REITsSmall-CapUnited States
NOMURA REAL ESTATE HOLDINGS 32313231 JP0.4243Real Estate Development & OperationsSmall-CapJapan
PS BUSINESS PARKS INC/CA PSBPSB0.4180Commercial REITsSmall-CapUnited States
CORESITE REALTY CORP CORCOR0.4180Commercial REITsSmall-CapUnited States
UOL GROUP LTD UOLUOL SP0.3988Real Estate Development & OperationsSmall-CapSingapore
CK HUTCHISON HOLDINGS LTD 11 HK0.3960OtherLarge-CapHong Kong
MORI TRUST SOGO REIT INC 89618961 JP0.3927Diversified REITsSmall-CapJapan
JAPAN LOGISTICS FUND INC 89678967 JP0.3867Commercial REITsSmall-CapJapan
HOPEWELL HOLDINGS LTD 5454 HK0.3766Real Estate Development & OperationsSmall-CapHong Kong
EUROCOMMERCIAL PROPERTIE-CV ECMPAECMPA NA0.3753Real Estate Development & OperationsSmall-CapNetherlands
ALLREAL HOLDING AG-REG ALLNALLN SW0.3643Real Estate Development & OperationsSmall-CapSwitzerland
HUFVUDSTADEN AB-A SHS HUFVAHUFVA SS0.3565Real Estate Development & OperationsSmall-CapSweden
FIRST CAPITAL REALTY INC FCRFCR CN0.3549Real Estate Development & OperationsSmall-CapCanada
INVESTA OFFICE FUND IOFIOF AU0.3524Commercial REITsSmall-CapAustralia
SMART REAL ESTATE INVESTMENT SRU-USRU-U CN0.3435Commercial REITsSmall-CapCanada
OPEN HOUSE CO LTD 32883288 JP0.3353Real Estate ServicesSmall-CapJapan
GOODMAN GROUP GMGGMG AU0.3293Commercial REITsMid-CapAustralia
RELO HOLDINGS INC 88768876 JP0.3250Real Estate ServicesSmall-CapJapan
SWIRE PACIFIC LTD-CL B 8787 HK0.3239Real Estate Development & OperationsMid-CapHong Kong
MONOGRAM RESIDENTIAL TRUST I MOREMORE0.3228Residential REITsSmall-CapUnited States
LTC PROPERTIES INC LTCLTC0.3219Specialized REITsSmall-CapUnited States
BIG YELLOW GROUP PLC BYGBYG LN0.3205Specialized REITsSmall-CapUnited Kingdom
CAN APARTMENT PROP REAL ESTA CAR-UCAR-U CN0.3141Residential REITsSmall-CapCanada
BWP TRUST BWPBWP AU0.3124Commercial REITsSmall-CapAustralia
CONWERT IMMOBILIEN INVEST SE CWICWI AV0.3078Real Estate Development & OperationsSmall-CapAustria
FORTUNE REIT FRTFRT SP0.3037Diversified REITsSmall-CapSingapore
LEOPALACE21 CORP 88488848 JP0.3035Real Estate Development & OperationsSmall-CapJapan
WORKSPACE GROUP PLC WKPWKP LN0.3023Commercial REITsSmall-CapUnited Kingdom
MAPLETREE GREATER CHINA COMM MAGICMAGIC SP0.2950Diversified REITsSmall-CapSingapore
CHARTER HALL RETAIL REIT CQRCQR AU0.2932Commercial REITsSmall-CapAustralia
ALLIED PROPERTIES REAL ESTAT AP-UAP-U CN0.2923Commercial REITsSmall-CapCanada
NTT URBAN DEVELOPMENT CORP 89338933 JP0.2869Real Estate Development & OperationsSmall-CapJapan
MAPLETREE INDUSTRIAL TRUST MINTMINT SP0.2849Commercial REITsSmall-CapSingapore
RAMCO-GERSHENSON PROPERTIES RPTRPT0.2848Commercial REITsSmall-CapUnited States
MOBIMO HOLDING AG-REG MOBNMOBN SW0.2820Real Estate Development & OperationsSmall-CapSwitzerland
MAPLETREE COMMERCIAL TRUST MCTMCT SP0.2802Commercial REITsSmall-CapSingapore
ST JOE CO/THE JOEJOE0.2802Real Estate Development & OperationsSmall-CapUnited States
SHOPPING CENTRES AUSTRALASIA SCPSCP AU0.2784Commercial REITsSmall-CapAustralia
CA IMMOBILIEN ANLAGEN AG CAICAI AV0.2773Real Estate Development & OperationsSmall-CapAustria
TAKARA LEBEN CO LTD 88978897 JP0.2770Real Estate Development & OperationsSmall-CapJapan
DAIBIRU CORP 88068806 JP0.2767Real Estate Development & OperationsSmall-CapJapan
PATRIZIA IMMOBILIEN AG P1ZP1Z GR0.2711Real Estate Development & OperationsSmall-CapGermany
FONCIERE DES MURS FMUFMU FP0.2682Specialized REITsSmall-CapFrance
GLOBAL ONE REIT 89588958 JP0.2646Commercial REITsSmall-CapJapan
PRECINCT PROPERTIES NEW ZEAL PCTPCT NZ0.2640Real Estate Development & OperationsSmall-CapNew Zealand
FRASERS CENTREPOINT TRUST FCTFCT SP0.2618Commercial REITsSmall-CapSingapore
HEIWA REAL ESTATE CO LTD 88038803 JP0.2607Real Estate Development & OperationsMicro-CapJapan
KYORITSU MAINTENANCE CO LTD 96169616 JP0.2605Real Estate ServicesSmall-CapJapan
PURE INDUSTRIAL REAL ESTATE AAR-UAAR-U CN0.2567Commercial REITsSmall-CapCanada
GETTY REALTY CORP GTYGTY0.2523Commercial REITsSmall-CapUnited States
GRANITE REAL ESTATE INVESTME GRT-UGRT-U CN0.2497Commercial REITsSmall-CapCanada
WING TAI HOLDINGS LTD WINGTWINGT SP0.2451Real Estate Development & OperationsSmall-CapSingapore
YANLORD LAND GROUP LTD YLLGYLLG SP0.2448Real Estate Development & OperationsSmall-CapSingapore
MCGRATH RENTCORP MGRCMGRC0.2422Real Estate Development & OperationsSmall-CapUnited States
URSTADT BIDDLE - CLASS A UBAUBA0.2408Commercial REITsSmall-CapUnited States
PARKWAYLIFE REAL ESTATE PREITPREIT SP0.2407Specialized REITsSmall-CapSingapore
UNIVERSAL HEALTH RLTY INCOME UHTUHT0.2371Specialized REITsSmall-CapUnited States
LIU CHONG HING INVESTMENT 194194 HK0.2345Real Estate Development & OperationsMicro-CapHong Kong
GOLDCREST CO LTD 88718871 JP0.2320Real Estate Development & OperationsSmall-CapJapan
TRICON CAPITAL GROUP INC TCNTCN CN0.2190Real Estate ServicesSmall-CapCanada
SWIRE PROPERTIES LTD 19721972 HK0.2146Real Estate Development & OperationsLarge-CapHong Kong
DAIKYO INC 88408840 JP0.2130Real Estate Development & OperationsSmall-CapJapan
GOODMAN PROPERTY TRUST GMTGMT NZ0.2077Commercial REITsSmall-CapNew Zealand
JAPAN RENTAL HOUSING INVESTM 89868986 JP0.1904Residential REITsSmall-CapJapan
SPONDA OYJ SDA1VSDA1V FH0.1895Real Estate Development & OperationsSmall-CapFinland
UNITE GROUP PLC UTGUTG LN0.1712Real Estate Development & OperationsSmall-CapUnited Kingdom
MORGUARD CORP MRCMRC CN0.1671Real Estate Development & OperationsSmall-CapCanada
CORPORACION FINANCIERA ALBA ALBALB SM0.1568Real Estate Development & OperationsSmall-CapSpain
CAPITALAND RETAIL CHINA TRUS CRCTCRCT SP0.1567Commercial REITsSmall-CapSingapore
SHUN TAK HOLDINGS LTD 242242 HK0.1478Real Estate Development & OperationsSmall-CapHong Kong
FIRST REAL ESTATE INVT TRUST FIRTFIRT SP0.1317Specialized REITsSmall-CapSingapore
FONCIERE LYONNAISE FLYFLY FP0.1296Commercial REITsSmall-CapFrance
SUNLIGHT REAL ESTATE INVEST 435435 HK0.1296Commercial REITsSmall-CapHong Kong
GROWTHPOINT PROPERTIES AUSTR GOZGOZ AU0.1281Commercial REITsSmall-CapAustralia
INTERSHOP HOLDING AG ISNISN SW0.1252Real Estate Development & OperationsSmall-CapSwitzerland
DAEJAN HOLDINGS PLC DJANDJAN LN0.1236Real Estate Development & OperationsSmall-CapUnited Kingdom
FAR EAST ORCHARD LTD FEORFEOR SP0.1231Real Estate Development & OperationsMicro-CapSingapore
SAGAX AB-B SAGABSAGAB SS0.1227Real Estate Development & OperationsSmall-CapSweden
TOC CO LTD 88418841 JP0.1215Real Estate Development & OperationsSmall-CapJapan
GRIVALIA PROPERTIES REIC GRIVGRIV GA0.1214Commercial REITsSmall-CapGreece
KABUKI-ZA CO LTD 96619661 JP0.1204Real Estate Development & OperationsSmall-CapJapan
UNITED INDUSTRIAL CORP LTD UICUIC SP0.1196Real Estate Development & OperationsSmall-CapSingapore
HO BEE LAND LTD HOBEEHOBEE SP0.1185Real Estate Development & OperationsSmall-CapSingapore
OLAV THON EIENDOMSSELSKAP AS OLTOLT NO0.1142Real Estate Development & OperationsSmall-CapNorway
MELCOR DEVELOPMENTS LTD MRDMRD CN0.1134Real Estate Development & OperationsMicro-CapCanada
BROOKFIELD CANADA OFFICE PRO BOX-UBOX-U CN0.1115Commercial REITsSmall-CapCanada
SOUNDWILL HOLDINGS LTD 878878 HK0.1112Real Estate Development & OperationsMicro-CapHong Kong
FRASERS CENTREPOINT LTD FCLFCL SP0.1052Real Estate Development & OperationsSmall-CapSingapore
TAI CHEUNG HOLDINGS 8888 HK0.1048Real Estate Development & OperationsMicro-CapHong Kong
SIM LIAN GROUP LTD SLGSLG SP0.1037Real Estate Development & OperationsSmall-CapSingapore
GUOCOLAND LTD GUOLGUOL SP0.1036Real Estate Development & OperationsSmall-CapSingapore
WIHLBORGS FASTIGHETER AB WIHLWIHL SS0.1025Real Estate Development & OperationsSmall-CapSweden
ALROV PROPERTIES AND LODGING ALRPRALRPR IT0.0916Real Estate Development & OperationsSmall-CapIsrael
HKR INTERNATIONAL LTD 480480 HK0.0894Real Estate Development & OperationsSmall-CapHong Kong
TERREIS TERTER FP0.0843Real Estate Development & OperationsSmall-CapFrance
1ASTELLUM AB-RTS CASTTRCASTTR SS0.0681OtherMicro-CapSweden
RAYSUM CO LTD 88908890 JP0.0518Real Estate Development & OperationsMicro-CapJapan
TRITAX BIG BOX REIT PLC BBOXBBOX LN0.0362Specialized 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
06/20/201606/22/201606/24/2016
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.