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FlexShares Real Assets Allocation 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 Northern Trust Real Assets Allocation IndexSM (Underlying Index).

Different, by Design

1. Combine global infrastructure, real estate and natural resource equities into a "turnkey" real asset portfolio
2. Optimize the assets in an effort to reduce volatility, with constraints to maintain diversification

Fund Facts

as of 03/23/2017
Inception11/23/2015
CUSIP33939L738
Total Net Assets$ 2,630,203.43
Shares Outstanding100,001
# of Holdings*3
Gross Expense Ratio1.19%
Net Expense Ratio**.57%
Index ProviderNORTHERN TRUST
Primary ExchangeNASDAQ
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 the “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. NTI also has contractually agreed until March 1, 2018 to waive Management Fees or reimburse certain expenses in an amount equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investments in the Underlying Fund (as defined below).

Tickers

ETF TickerASET
Related IndexNTASET
NAVASET.NV
IOPVASET.IV
Shares OutstandingASET.SO
Estimated CashASET.EU
Total CashASET.TC

Fund Characteristics1

as of 03/23/2017
SEC Subsidized Yield2 (as of 02/28/2017)3.23%
SEC Unsubsidized Yield3
 (as of 02/28/2017)
3.09%
Distribution Yield45.53%
12-Month Dividend Yield53.18%
Weighted Average Market Cap35,253,883,993.24
Price to Earnings (as of 02/28/2017)23.28
Price to Book  (as of 02/28/2017)2.82
Price to Cash Flow  (as of 02/28/2017)13.00
Price to Sales  (as of 02/28/2017)5.53
View Standardized Performance

Market Cap (%)

as of 03/23/2017
Large-Cap58.07
Mid-Cap23.95
Small-Cap17.71
Micro-Cap.27
Total100.00

Style (%)

as of 03/24/2017
Value29.78
Core44.03
Growth26.19
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 11/24/2015, when the fund first traded on NASDAQ. 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 02/28/2017
 1 MonthQTDYTD1 YearSince Inception
11/23/2015
Market Price1.973.253.2514.357.97
NAV1.743.143.1414.247.71
Northern Trust Real Assets Allocation Index (NTASETTR)1.743.143.1414.327.78
MSCI All Country World Index (M1WD)2.815.625.6222.078.87

Quarter End Performance (%)

as of 12/31/2016
 1 MonthQTDYTD1 YearSince Inception
11/23/2015
Market Price2.82-3.038.708.706.07
NAV2.54-3.228.218.215.88
Northern Trust Real Assets Allocation Index (NTASETTR)2.54-3.188.308.305.96
MSCI All Country World Index (M1WD)2.161.197.867.864.92
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 11/24/2015, when the fund first traded on NASDAQ. 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 03/23/2017
Gross Expense Ratio1.19%
Net Expense Ratio*.57%
*Northern Trust Investments, Inc. (“NTI” or the “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. NTI also has contractually agreed until March 1, 2018 to waive Management Fees or reimburse certain expenses in an amount equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investments in the Underlying Fund (as defined below).


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 03/23/2017
Price$26.30
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.03
Bid/Ask Midpoint$26.37
Closing Bid Price$26.35
Closing Ask Price$26.38

NAV Price

as of 03/23/2017
Price$26.30
Price $ Change$.04
Price % Change.15%

Trading

as of 03/23/2017
52-Week High$27.30
52-Week Low$24.58
Premium/Discount$.06
Daily Trading Volume (Shares)106
Average Trading Volume (Shares)2,572
Shares Outstanding100,001

Holdings

as of 03/23/2017
NameTickerFund
Weight %
SectorAsset ClassCountry
FlexShares Global Quality Real Estate Index FundGQRE47.7608FinancialsEquityUNITED STATES
FLEXSHARES TR STOXX® GLOBAL BROAD INFR IN FDNFRA41.0810FinancialsEquityUNITED STATES
FLEXSHARES TR MORNINGSTAR® GLOBAL UPSTREAM NAT RE INDEX FUNDGUNR11.1581FinancialsEquityUNITED STATES

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/27/201712/29/201701/03/2018
09/22/201709/26/201709/28/2017
06/23/201706/27/201706/29/2017
03/24/201703/28/201703/30/20170.0372710000.037271
12/28/201612/30/201601/04/20170.3663930000.366393
09/26/201609/28/201609/30/20160.1549740000.154974
06/27/201606/29/201607/01/20160.2002990000.200299
03/28/201603/30/201604/01/20160.1186600000.118660
12/29/201512/31/201501/05/20160.2694980000.269498

The Northern Trust Real Assets Allocation Index is designed to reflect the performance of a universe of inflation sensitive securities operating in the following sectors: global infrastructure, global real estate and global natural resources. The index is intended to reflect an exposure to "real" assets, and is constructed using a proprietary optimization in an effort to reduce volatility of returns, while maintaining diversification amongst the eligible securities.