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FlexShares Morningstar® Emerging Markets Factor Tilt 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 Morningstar® Emerging Markets Factor Tilt IndexSM (Underlying Index).

Different, by Design

1. "Tilt" the portfolio to the small cap and value segments of the emerging markets equity universe
2. Exposure to 97% of the investable market in 23 countries outside the US while minimizing turnover

Fund Facts

as of 06/21/2017
Inception09/25/2012
CUSIP33939L308
Total Net Assets$ 452,747,150.75
Shares Outstanding8,600,001
# of Holdings*2,300
Gross Expense Ratio.60%
Net Expense Ratio**.59%
Index ProviderMorningstar®
Primary ExchangeNYSE
MarginableY
Derivative UseY
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.

Tickers

ETF TickerTLTE
Related IndexMEMMFT
NAVTLTE.NV
IOPVTLTE.IV
Shares OutstandingTLTE.SO
Estimated CashTLTE.EU
Total CashTLTE.TC

Fund Characteristics1

as of 06/21/2017
SEC Subsidized Yield2 (as of  05/31/2017)2.30%
SEC Unsubsidized Yield3
 (as of 05/31/2017)
2.30%
Distribution Yield41.65%
12-Month Dividend Yield51.85%
Weighted Average Market Cap35,046,618,882.53
Price to Earnings (as of  05/31/2017)17.63
Price to Book  (as of  05/31/2017)2.21
Price to Cash Flow  (as of  05/31/2017)11.70
Price to Sales  (as of  05/31/2017)2.70
View Standardized Performance
Please click here for revised distribution yield information for the Fund from March 2016 through February 2017.

Market Cap (%)

as of 06/21/2017
Large-Cap39.80
Mid-Cap16.06
Small-Cap39.46
Micro-Cap4.68
Total100.00

Style (%)

as of 06/22/2017
Value59.06
Core24.72
Growth16.22
Total100.00

SECTOR ALLOCATIONS

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 09/28/2012, 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

1Glossary contains definitions of widely used investment terms found on this page.
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.

Month End Performance (%)

as of 05/31/2017
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price2.093.2615.9027.882.312.92
NAV2.083.5015.6428.372.272.82
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)2.013.5416.3529.252.823.54
MSCI Emerging Markets Investable Market Index (MIMUEMRN)2.664.7616.9726.241.552.52

Quarter End Performance (%)

as of 03/31/2017
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price2.7312.2412.2421.102.462.30
NAV2.2811.7311.7320.152.432.14
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)2.4612.3812.3821.383.052.88
MSCI Emerging Markets Investable Market Index (MIMUEMRN)2.5411.6511.6516.831.231.57
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 09/28/2012, 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 06/21/2017
Gross Expense Ratio.60%
Net Expense Ratio*.59%
*Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.


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 06/21/2017
Price$52.84
Price $ Change$.39
Price % Change.74%
Avg Bid/Ask Spread$.14
Bid/Ask Midpoint$52.67
Closing Bid Price$52.50
Closing Ask Price$52.84

Trading

as of 06/21/2017
52-Week High$55.17
52-Week Low$41.61
Premium/Discount$.03
Daily Trading Volume (Shares)42,729
Average Trading Volume (Shares)18,338
Shares Outstanding8,600,001

NAV Price

as of 06/21/2017
Price$52.65
Price $ Change$-.15
Price % Change-.28%

TOP TEN HOLDINGS

as of 06/21/2017
NameTickerFund
Weight %
SectorMarket CapCountry
SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW 5000005930 KS4.3008Information TechnologyLarge-CapSouth Korea
TENCENT HOLDINGS LTD COMMON STOCK HKD 0.00002700 HK1.8323Information TechnologyLarge-CapChina
CHINA CONSTRUCTION BANK CORP COMMON STOCK HKD 1939 HK1.5479FinancialsLarge-CapChina
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD COMMON2330 TT1.2520Information TechnologyLarge-CapTaiwan
HON HAI PRECISION INDUSTRY CO LTD COMMON STOCK TWD2317 TT1.1101Information TechnologyLarge-CapTaiwan
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD COMMON1398 HK1.0329FinancialsLarge-CapChina
NASPERS LTD COMMON STOCK ZAR 2NPN SJ0.8292Consumer DiscretionaryLarge-CapSouth Africa
BANK OF CHINA LTD COMMON STOCK HKD 13988 HK0.7460FinancialsLarge-CapChina
ITAU UNIBANCO HOLDING SA PREFERENCE BRL 0ITUB4 BZ0.6778FinancialsLarge-CapBrazil
PING AN INSURANCE GROUP CO OF CHINA LTD COMMON2318 HK0.6746FinancialsLarge-CapChina
SK HYNIX INC COMMON STOCK KRW 5000000660 KS0.6609Information TechnologyLarge-CapSouth Korea
SAMSUNG ELECTRONICS CO LTD PREFERENCE KRW 5000005935 KS0.6059Information TechnologyLarge-CapSouth Korea
CHINA MOBILE LTD COMMON STOCK HKD 0941 HK0.5686Telecommunication ServicesLarge-CapChina
SBERBANK OF RUSSIA PJSC COMMON STOCK RUB 3SBER RM0.5103FinancialsLarge-CapRussian Federation
BANCO BRADESCO SA PREFERENCE BRL 0BBDC4 BZ0.4716FinancialsLarge-CapBrazil
HYUNDAI MOTOR CO COMMON STOCK KRW 5000005380 KS0.4200Consumer DiscretionaryLarge-CapSouth Korea
GAZPROM PJSCGAZP RM0.4151EnergyLarge-CapRussian Federation
SHINHAN FINANCIAL GROUP CO LTD COMMON STOCK KRW055550 KS0.4047FinancialsLarge-CapSouth Korea
LUKOIL PJSC COMMON STOCK RUB 0.025LKOH RM0.4030EnergyLarge-CapRussian Federation
KB FINANCIAL GROUP INC COMMON STOCK KRW 5000105560 KS0.3955FinancialsLarge-CapSouth Korea
HOUSING DEVELOPMENT FINANCE CORP LTD COMMON STOCKHDFC IN0.3798FinancialsLarge-CapIndia
POSCO COMMON STOCK KRW 5000005490 KS0.3762MaterialsLarge-CapSouth Korea
DETSKY MIR PJSC COMMON STOCK RUB 0.0004DSKY RM0.3579Consumer DiscretionarySmall-CapRussian Federation
RELIANCE INDUSTRIES LTD COMMON STOCK INR 10RIL IN0.3325EnergyLarge-CapIndia
BBMG CORP COMMON STOCK HKD 12009 HK0.3296MaterialsSmall-CapChina
BANCO DAVIVIENDA SA PREFERENCE COP 170PFDAVVND CB0.3295FinancialsSmall-CapColombia
CHONGQING CHANGAN AUTOMOBILE CO LTD COMMON STOCK200625 CH0.3289Consumer DiscretionarySmall-CapChina
BANK OF COMMUNICATIONS CO LTD COMMON STOCK HKD 13328 HK0.3271FinancialsLarge-CapChina
VALE SA PREFERENCE BRL 0VALE5 BZ0.3159MaterialsLarge-CapBrazil
HYUNDAI MOBIS CO LTD COMMON STOCK KRW 5000012330 KS0.3116Consumer DiscretionaryLarge-CapSouth Korea
RED STAR MACALLINE GROUP CORP LTD COMMON STOCK HKD1528 HK0.3110Real EstateSmall-CapChina
SINOTRANS LTD COMMON STOCK HKD 1598 HK0.3071IndustrialsSmall-CapChina
LEGEND HOLDINGS CORP COMMON STOCK HKD 0.13396 HK0.2934Information TechnologySmall-CapChina
TONGAAT HULETT LTD COMMON STOCK ZAR 100TON SJ0.2863Consumer StaplesSmall-CapSouth Africa
SASOL LTD COMMON STOCK ZAR 0SOL SJ0.2843MaterialsLarge-CapSouth Africa
EVERBRIGHT SECURITIES CO LTD COMMON STOCK HKD 16178 HK0.2815FinancialsSmall-CapChina
INFOSYS LTD COMMON STOCK INR 5INFO IN0.2792Information TechnologyLarge-CapIndia
CATHAY FINANCIAL HOLDING CO LTD COMMON STOCK TWD2882 TT0.2776FinancialsLarge-CapTaiwan
STANDARD BANK GROUP LTD COMMON STOCK ZAR 10SBK SJ0.2773FinancialsLarge-CapSouth Africa
METALLURGICAL CORP OF CHINA LTD COMMON STOCK HKD 11618 HK0.2663IndustrialsSmall-CapChina
MACQUARIE MEXICO REAL ESTATE MANAGEMENT SA DE CVFIBRAMQ MM0.2645Real EstateSmall-CapMexico
HARBIN BANK CO LTD COMMON STOCK HKD 16138 HK0.2592FinancialsSmall-CapChina
DATANG INTERNATIONAL POWER GENERATION CO LTD991 HK0.2578UtilitiesSmall-CapChina
CHINA OVERSEAS LAND & INVESTMENT LTD COMMON STOCK688 HK0.2520Real EstateLarge-CapChina
AECI LTD COMMON STOCK ZAR 100AFE SJ0.2499MaterialsSmall-CapSouth Africa
SUPER GROUP LTD/SOUTH AFRICA COMMON STOCK ZAR 100SPG SJ0.2481Consumer DiscretionarySmall-CapSouth Africa
METALURGICA GERDAU SA PREFERENCE BRL 0GOAU4 BZ0.2471MaterialsSmall-CapBrazil
CTBC FINANCIAL HOLDING CO LTD COMMON STOCK TWD 102891 TT0.2445FinancialsLarge-CapTaiwan
DATATEC LTD COMMON STOCK ZAR 1DTC SJ0.2443Information TechnologySmall-CapSouth Africa
AGRICULTURAL BANK OF CHINA LTD COMMON STOCK HKD 11288 HK0.2391FinancialsLarge-CapChina
 

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/22/201712/28/2017
09/18/201709/19/201709/22/2017
06/19/201706/21/201706/23/20170.2161460000.216146
03/20/201703/22/201703/24/201700000
12/22/201612/27/201612/29/20160.3189160000.318916
09/19/201609/21/201609/23/20160.4371030000.437103
06/20/201606/22/201606/24/20160.2569790000.256979
03/21/201603/23/201603/28/20160.0422170000.042217
12/23/201512/28/201512/30/20150.8353860000.835386
12/29/201412/31/201401/05/20151.0005460001.000546
12/27/201312/31/201301/03/20140.4300620000.430062
12/27/201212/31/201201/03/20130.0519500000.051950

The Morningstar® Emerging Markets Factor Tilt IndexSM measures the performance of stocks located in emerging countries across the world (as defined by Morningstar) with increased exposure to small-capitalization and value stocks. Stocks that are deemed to be small capitalization or small value have an overweighting in the index compared to their weight in a corresponding market-capitalization-weighted index. Like­wise, stocks designated as "large" or "growth" stocks have underweighting compared to a standard market-capitalization weighting.