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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 02/10/2016
Inception11/05/2013
CUSIP33939L787
Total Net Assets$ 161,674,639.96
Shares Outstanding3,100,001
# of Holdings*142
Gross Expense Ratio.47%
Net Expense Ratio**.45%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE Arca
Options AvailableN
MarginableY
Derivative UseY
Securities LendingY
*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, 2016.

Tickers

ETF TickerGQRE
Related IndexNTGQRE
NAVGQRE.NV
IOPVGQRE.IV
Shares OutstandingGQRE.SO
Estimated CashGQRE.EU
Total CashGQRE.TC

Fund Characteristics

as of 02/10/2016
SEC Subsidized Yield* (as of 01/31/2016)2.87%
SEC Unsubsidized Yield**
 (as of 01/31/2016)
2.86%
Distribution Yield***3.80%
12-Month Dividend Yield****2.53%
Weighted Average Market Cap13,620,835,456.99
Price to Earnings (as of 01/31/2016)23.66
Price to Book  (as of 01/31/2016)2.78
Price to Cash Flow  (as of 01/31/2016)14.70
Price to Sales  (as of 01/31/2016)9.12
View Standardized Performance
*SEC 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.
**SEC 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.
***Distribution 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 annually, an NA will be displayed if the fund has not distributed within the last 370 days.
****Dividend Yield
For an equity security, dividend yield is calculated using the (expected) annual dividend divided by the most recent closing price. To calculate annual dividend, we utilize the most recent dividend payment and multiply that payment by the expected frequency over a year. For example, if the most recent dividend for a company is $2.50 and dividends are expected to be paid quarterly (4 dividend payments/year), the annual expected dividend would be calculated as $2.50 x 4 dividend payments/year, or $10.

Market Cap (%)

as of 02/10/2016
Large-Cap43.61
Mid-Cap29.75
Small-Cap25.61
Micro-Cap1.03
Total100.00

Style (%)

as of 02/11/2016
Value21.61
Core33.39
Growth45.00
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.

Month End Performance (%)

as of 01/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price-3.49-3.49-3.49-4.136.62
NAV-3.94-3.94-3.94-4.536.30
Northern Trust Global Quality Real Estate Index (NTGQRENTR)-3.85-3.85-3.85-4.856.21
Dow Jones Global Select Real Estate Securities Index (DWGRSN)-4.07-4.07-4.07-8.194.74

Quarter End Performance (%)

as of 12/31/2015
 1 MonthQTDYTD1 YearSince Inception
11/5/2013
Market Price.445.583.533.538.67
NAV.785.923.513.518.57
Northern Trust Global Quality Real Estate Index (NTGQRENTR).795.843.143.148.42
Dow Jones Global Select Real Estate Securities Index (DWGRSN).704.69.71.716.98
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 02/10/2016
Gross Expense Ratio.47%
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, 2016.


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 02/10/2016
Price$52.18
Price $ Change$-.07
Price % Change-.12%
Avg Bid/Ask Spread$.09
Bid/Ask Midpoint$52.17
Closing Bid Price$52.13
Closing Ask Price$52.20

NAV Price

as of 02/10/2016
Price$52.15
Price $ Change$.12
Price % Change.23%

Trading

as of 02/10/2016
52-Week High$59.38
52-Week Low$44.18
Premium/Discount$.01
Daily Trading Volume (Shares)85,152
Average Trading Volume (Shares)27,766
Shares Outstanding3,100,001

TOP TEN HOLDINGS

as of 02/10/2016
NameTickerFund
Weight %
SectorMarket CapCountry
PUBLIC STORAGE PSAPSA5.9109Specialized REITsLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR4.9746Residential REITsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB4.7240Residential REITsLarge-CapUnited States
PROLOGIS INC PLDPLD4.4143Commercial REITsLarge-CapUnited States
SCENTRE GROUP SCGSCG AU3.7223Commercial REITsLarge-CapAustralia
GENERAL GROWTH PROPERTIES GGPGGP3.2451Commercial REITsLarge-CapUnited States
LINK REIT 823823 HK2.8329Commercial REITsLarge-CapHong Kong
LAND SECURITIES GROUP PLC LANDLAND LN2.6461Commercial REITsLarge-CapUnited Kingdom
DIGITAL REALTY TRUST INC DLRDLR2.6402Commercial REITsMid-CapUnited States
SIMON PROPERTY GROUP INC SPGSPG2.5486Commercial REITsLarge-CapUnited States
KIMCO REALTY CORP KIMKIM2.4778Commercial REITsMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST2.3457Specialized REITsMid-CapUnited States
DAITO TRUST CONSTRUCT CO LTD 18781878 JP2.0395Real Estate Development & OperationsMid-CapJapan
UDR INC UDRUDR2.0269Residential REITsMid-CapUnited States
EXTRA SPACE STORAGE INC EXREXR1.9889Specialized REITsMid-CapUnited States
HONGKONG LAND HOLDINGS LTD HKLHKL SP1.5482Real Estate Development & OperationsLarge-CapHong Kong
MID-AMERICA APARTMENT COMM MAAMAA1.5041Residential REITsMid-CapUnited States
REGENCY CENTERS CORP REGREG1.5006Commercial REITsMid-CapUnited States
GPT GROUP GPTGPT AU1.3727Diversified REITsMid-CapAustralia
HENDERSON LAND DEVELOPMENT 1212 HK1.3646Real Estate Development & OperationsLarge-CapHong Kong
SUMITOMO REALTY & DEVELOPMEN 88308830 JP1.3488Real Estate Development & OperationsLarge-CapJapan
NATIONAL RETAIL PROPERTIES NNNNNN1.3217Commercial REITsMid-CapUnited States
SWIRE PACIFIC LTD - CL A 1919 HK1.2757Real Estate Development & OperationsMid-CapHong Kong
CK HUTCHISON HOLDINGS LTD 11 HK1.2530Real Estate Development & OperationsLarge-CapHong Kong
EQUITY LIFESTYLE PROPERTIES ELSELS1.1887Residential REITsMid-CapUnited States
UNIBAIL-RODAMCO SE ULUL NA1.0992Real Estate Development & OperationsLarge-CapFrance
DERWENT LONDON PLC DLNDLN LN1.0801Commercial REITsMid-CapUnited Kingdom
CHEUNG KONG PROPERTY HOLDING 11131113 HK0.9710Real Estate Development & OperationsLarge-CapHong Kong
KILROY REALTY CORP KRCKRC0.9473Commercial REITsMid-CapUnited States
WEINGARTEN REALTY INVESTORS WRIWRI0.9178Commercial REITsMid-CapUnited States
GREAT PORTLAND ESTATES PLC GPORGPOR LN0.8265Commercial REITsSmall-CapUnited Kingdom
PSP SWISS PROPERTY AG-REG PSPNPSPN SW0.8132Real Estate Development & OperationsMid-CapSwitzerland
SOVRAN SELF STORAGE INC SSSSSS0.7858Specialized REITsMid-CapUnited States
MITSUBISHI ESTATE CO LTD 88028802 JP0.7748Real Estate Development & OperationsLarge-CapJapan
EPR PROPERTIES EPREPR0.7732Commercial REITsSmall-CapUnited States
WHEELOCK & CO LTD 2020 HK0.7634Real Estate Development & OperationsMid-CapHong Kong
HOSPITALITY PROPERTIES TRUST HPTHPT0.7625Specialized REITsSmall-CapUnited States
SHAFTESBURY PLC SHBSHB LN0.7555Commercial REITsSmall-CapUnited Kingdom
TOKYU FUDOSAN HOLDINGS CORP 32893289 JP0.6534Real Estate Development & OperationsSmall-CapJapan
RIOCAN REAL ESTATE INVST TR REI-UREI-U CN0.6486Commercial REITsMid-CapCanada
POST PROPERTIES INC PPSPPS0.6471Residential REITsSmall-CapUnited States
PIEDMONT OFFICE REALTY TRU-A PDMPDM0.6392Commercial REITsSmall-CapUnited States
SEGRO PLC SGROSGRO LN0.5844Commercial REITsMid-CapUnited Kingdom
IIDA GROUP HOLDINGS CO LTD 32913291 JP0.5823Real Estate Development & OperationsMid-CapJapan
COLUMBIA PROPERTY TRUST INC CXPCXP0.5636Commercial REITsSmall-CapUnited States
SOTETSU HOLDINGS INC 90039003 JP0.5429Real Estate Development & OperationsSmall-CapJapan
RLJ LODGING TRUST RLJRLJ0.5396Specialized REITsSmall-CapUnited States
DEUTSCHE WOHNEN AG-BR DWNIDWNI GR0.4996Real Estate Development & OperationsMid-CapGermany
DUPONT FABROS TECHNOLOGY DFTDFT0.4866Commercial REITsSmall-CapUnited States
NOMURA REAL ESTATE HOLDINGS 32313231 JP0.4764Real Estate Development & OperationsSmall-CapJapan
FABEGE AB FABGFABG SS0.4672Real Estate Development & OperationsSmall-CapSweden
PS BUSINESS PARKS INC/CA PSBPSB0.4155Commercial REITsSmall-CapUnited States
UOL GROUP LTD UOLUOL SP0.4128Real Estate Development & OperationsSmall-CapSingapore
ALLREAL HOLDING AG-REG ALLNALLN SW0.3990Real Estate Development & OperationsSmall-CapSwitzerland
FIRST CAPITAL REALTY INC FCRFCR CN0.3880Real Estate Development & OperationsSmall-CapCanada
H&R REAL ESTATE INV-REIT UTS HR-UHR-U CN0.3837Commercial REITsSmall-CapCanada
SWIRE PACIFIC LTD-CL B 8787 HK0.3791Real Estate Development & OperationsMid-CapHong Kong
IMMOFINANZ AG IIAIIA AV0.3775Real Estate Development & OperationsSmall-CapAustria
EUROCOMMERCIAL PROPERTIE-CV ECMPAECMPA NA0.3730Real Estate Development & OperationsSmall-CapNetherlands
COUSINS PROPERTIES INC CUZCUZ0.3686Commercial REITsSmall-CapUnited States
CAPITALAND COMMERCIAL TRUST CCTCCT SP0.3620Commercial REITsSmall-CapSingapore
CORESITE REALTY CORP CORCOR0.3580Commercial REITsSmall-CapUnited States
DIAMONDROCK HOSPITALITY CO DRHDRH0.3551Specialized REITsSmall-CapUnited States
INVESTA OFFICE FUND IOFIOF AU0.3505Commercial REITsSmall-CapAustralia
BWP TRUST BWPBWP AU0.3433Commercial REITsSmall-CapAustralia
MOBIMO HOLDING AG-REG MOBNMOBN SW0.3400Real Estate Development & OperationsSmall-CapSwitzerland
MAPLETREE INDUSTRIAL TRUST MINTMINT SP0.3361Commercial REITsSmall-CapSingapore
LTC PROPERTIES INC LTCLTC0.3294Specialized REITsSmall-CapUnited States
HOPEWELL HOLDINGS LTD 5454 HK0.3268Real Estate Development & OperationsSmall-CapHong Kong
CA IMMOBILIEN ANLAGEN AG CAICAI AV0.3246Real Estate Development & OperationsSmall-CapAustria
RELO HOLDINGS INC 88768876 JP0.3132Real Estate ServicesSmall-CapJapan
CAN APARTMENT PROP REAL ESTA CAR-UCAR-U CN0.3073Residential REITsSmall-CapCanada
PATRIZIA IMMOBILIEN AG P1ZP1Z GR0.3012Real Estate Development & OperationsSmall-CapGermany
MONOGRAM RESIDENTIAL TRUST I MOREMORE0.2944Residential REITsSmall-CapUnited States
GLOBAL ONE REIT 89588958 JP0.2819Commercial REITsSmall-CapJapan
GETTY REALTY CORP GTYGTY0.2782Commercial REITsSmall-CapUnited States
WORKSPACE GROUP PLC WKPWKP LN0.2781Commercial REITsSmall-CapUnited Kingdom
NTT URBAN DEVELOPMENT CORP 89338933 JP0.2760Real Estate Development & OperationsSmall-CapJapan
LEOPALACE21 CORP 88488848 JP0.2721Real Estate Development & OperationsSmall-CapJapan
CONWERT IMMOBILIEN INVEST SE CWICWI AV0.2672Real Estate Development & OperationsSmall-CapAustria
MAPLETREE COMMERCIAL TRUST MCTMCT SP0.2649Commercial REITsSmall-CapSingapore
KYORITSU MAINTENANCE CO LTD 96169616 JP0.2643Real Estate ServicesSmall-CapJapan
URSTADT BIDDLE - CLASS A UBAUBA0.2569Commercial REITsSmall-CapUnited States
MAPLETREE GREATER CHINA COMM MAGICMAGIC SP0.2550Diversified REITsSmall-CapSingapore
ALLIED PROPERTIES REAL ESTAT AP-UAP-U CN0.2526Commercial REITsSmall-CapCanada
YANLORD LAND GROUP LTD YLLGYLLG SP0.2489Real Estate Development & OperationsSmall-CapSingapore
UNIVERSAL HEALTH RLTY INCOME UHTUHT0.2403Specialized REITsSmall-CapUnited States
DAIKYO INC 88408840 JP0.2348Real Estate Development & OperationsSmall-CapJapan
WING TAI HOLDINGS LTD WINGTWINGT SP0.2347Real Estate Development & OperationsSmall-CapSingapore
PURE INDUSTRIAL REAL ESTATE AAR-UAAR-U CN0.2319Commercial REITsSmall-CapCanada
PARKWAYLIFE REAL ESTATE PREITPREIT SP0.2313Specialized REITsSmall-CapSingapore
SWIRE PROPERTIES LTD 19721972 HK0.2303Real Estate Development & OperationsLarge-CapHong Kong
HEIWA REAL ESTATE CO LTD 88038803 JP0.2268Real Estate Development & OperationsMicro-CapJapan
UNITE GROUP PLC UTGUTG LN0.2100Real Estate Development & OperationsSmall-CapUnited Kingdom
TAKARA LEBEN CO LTD 88978897 JP0.2072Real Estate Development & OperationsSmall-CapJapan
RAYSUM CO LTD 88908890 JP0.1945Real Estate Development & OperationsMicro-CapJapan
SPONDA OYJ SDA1VSDA1V FH0.1942Real Estate Development & OperationsSmall-CapFinland
DAIBIRU CORP 88068806 JP0.1928Real Estate Development & OperationsSmall-CapJapan
LIU CHONG HING INVESTMENT 194194 HK0.1918Real Estate Development & OperationsMicro-CapHong Kong
JAPAN RENTAL HOUSING INVESTM 89868986 JP0.1900Residential REITsSmall-CapJapan
GOLDCREST CO LTD 88718871 JP0.1885Real Estate Development & OperationsSmall-CapJapan
TRICON CAPITAL GROUP INC TCNTCN CN0.1881Real Estate ServicesSmall-CapCanada
DREAM GLOBAL REAL ESTATE INV DRG-UDRG-U CN0.1832Commercial REITsSmall-CapCanada
FRASERS CENTREPOINT TRUST FCTFCT SP0.1799Commercial REITsSmall-CapSingapore
SHUN TAK HOLDINGS LTD 242242 HK0.1725Real Estate Development & OperationsSmall-CapHong Kong
CAPITALAND RETAIL CHINA TRUS CRCTCRCT SP0.1649Commercial REITsSmall-CapSingapore
FONCIERE LYONNAISE FLYFLY FP0.1570Commercial REITsSmall-CapFrance
GRANITE REAL ESTATE INVESTME GRT-UGRT-U CN0.1529Commercial REITsSmall-CapCanada
AIRPORT CITY LTD ARPTARPT IT0.1469Real Estate Development & OperationsSmall-CapIsrael
UNITED INDUSTRIAL CORP LTD UICUIC SP0.1406Real Estate Development & OperationsSmall-CapSingapore
TAI CHEUNG HOLDINGS 8888 HK0.1370Real Estate Development & OperationsMicro-CapHong Kong
DAEJAN HOLDINGS PLC DJANDJAN LN0.1361Real Estate Development & OperationsSmall-CapUnited Kingdom
KABUKI-ZA CO LTD 96619661 JP0.1336Real Estate Development & OperationsSmall-CapJapan
INTERSHOP HOLDING AG ISNISN SW0.1333Real Estate Development & OperationsSmall-CapSwitzerland
FRASERS COMMERCIAL TRUST FCOTFCOT SP0.1314Commercial REITsSmall-CapSingapore
FIRST REAL ESTATE INVT TRUST FIRTFIRT SP0.1313Specialized REITsSmall-CapSingapore
GROWTHPOINT PROPERTIES AUSTR GOZGOZ AU0.1292Commercial REITsSmall-CapAustralia
SIM LIAN GROUP LTD SLGSLG SP0.1291Real Estate Development & OperationsSmall-CapSingapore
SUNLIGHT REAL ESTATE INVEST 435435 HK0.1251Commercial REITsSmall-CapHong Kong
CORPORACION FINANCIERA ALBA ALBALB SM0.1233Real Estate Development & OperationsSmall-CapSpain
MORGUARD CORP MRCMRC CN0.1193Real Estate Development & OperationsSmall-CapCanada
FRASERS CENTREPOINT LTD FCLFCL SP0.1180Real Estate Development & OperationsSmall-CapSingapore
SAGAX AB-B SAGABSAGAB SS0.1177Real Estate Development & OperationsSmall-CapSweden
GRIVALIA PROPERTIES REIC GRIVGRIV GA0.1139Commercial REITsSmall-CapGreece
TOC CO LTD 88418841 JP0.1126Real Estate Development & OperationsSmall-CapJapan
GUOCOLAND LTD GUOLGUOL SP0.1102Real Estate Development & OperationsSmall-CapSingapore
HO BEE LAND LTD HOBEEHOBEE SP0.1088Real Estate Development & OperationsSmall-CapSingapore
OLAV THON EIENDOMSSELSKAP AS OLTOLT NO0.1066Real Estate Development & OperationsSmall-CapNorway
BROOKFIELD CANADA OFFICE PRO BOX-UBOX-U CN0.1057Commercial REITsMicro-CapCanada
SOUNDWILL HOLDINGS LTD 878878 HK0.1046Real Estate Development & OperationsMicro-CapHong Kong
FAR EAST CONSORTIUM INTERNAT 3535 HK0.1000Real Estate Development & OperationsSmall-CapHong Kong
ALROV PROPERTIES AND LODGING ALRPRALRPR IT0.0998Real Estate Development & OperationsSmall-CapIsrael
CLS HOLDINGS PLC CLICLI LN0.0991Real Estate Development & OperationsSmall-CapUnited Kingdom
HKR INTERNATIONAL LTD 480480 HK0.0974Real Estate Development & OperationsSmall-CapHong Kong
SINARMAS LAND LTD SMLSML SP0.0744Real Estate Development & OperationsSmall-CapSingapore
MELCOR DEVELOPMENTS LTD MRDMRD CN0.0722Real Estate Development & OperationsMicro-CapCanada
HYSAN DEVELOPMENT CO 1414 HK0.0660Real Estate Development & OperationsMid-CapHong Kong
ST JOE CO/THE JOEJOE0.0541Real Estate Development & OperationsSmall-CapUnited States
KOWLOON DEVELOPMENT CO LTD 3434 HK0.0296Real Estate Development & OperationsSmall-CapHong Kong
MERCIALYS MERYMERY FP0.0285Commercial REITsSmall-CapFrance
TRITAX BIG BOX REIT PLC BBOXBBOX LN0.0147Commercial REITsSmall-CapUnited Kingdom
TRITAX BIG BOX R-ENTITLEMENT 1372627D1372627D LN0.0001OtherMicro-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
03/21/201603/23/201603/28/2016
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.