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FlexShares US Quality Large Cap 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 Quality Large Cap IndexSM (Underlying Index).

Different, by Design

1. Assess the current financial state of US large cap companies based on a proprietary 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 02/21/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 8,854,394.80
Shares Outstanding300,001
# of Holdings*132
Gross Expense Ratio.42%
Net Expense Ratio**.32%
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.

**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 TickerQLC
Related IndexNTUQVM
NAVQLC.NV
IOPVQLC.IV
Shares OutstandingQLC.SO
Estimated CashQLC.EU
Total CashQLC.TC

Fund Characteristics1

 as of 02/21/2017
SEC Subsidized Yield2
 (as of 01/31/2017)
1.87%
SEC Unsubsidized Yield3
 (as of 01/31/2017)
1.84%
Distribution Yield4NA
12-Month Dividend Yield51.70%
Weighted Average Dividend Yield62.15%
Weighted Average Market Cap109,020,590,068.34
Weighted Average Beta1.07
Price to Earnings (as of 01/31/2017)20.73
Price to Book  (as of 01/31/2017)4.91
Price to Cash Flow  (as of 01/31/2017)14.25
Price to Sales  (as of 01/31/2017)2.56
View Standardized Performance

Market Cap (%)

as of 02/21/2017
Large-Cap98.74
Mid-Cap1.26
Total100.00

Style (%)

as of 02/22/2017
Value49.54
Core34.92
Growth15.54
Total100.00

SECTOR 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 09/24/2015, 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

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.
6Weighted Average Dividend Yield
For a portfolio of equities, this is the sum of the dividend yield of the underlying securities weighed by its market value with respect to the total market value of the portfolio.

Month End Performance (%)

as of 01/31/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price1.441.441.4418.6711.41
NAV1.441.441.4418.5711.41
Northern Trust Quality Large Cap Index (NTUQVMTR)1.511.511.5119.0511.83
S&P 500 Index (SPXT)1.901.901.9020.0415.05

Quarter End Performance (%)

as of 12/31/2016
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price1.484.599.369.3610.97
NAV1.594.599.369.3610.97
Northern Trust Quality Large Cap Index (NTUQVMTR)1.594.689.779.7711.36
S&P 500 Index (SPXT)1.983.8211.9611.9614.43
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 09/24/2015, 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 02/21/2017
Gross Expense Ratio.42%
Net Expense Ratio*.32%
*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 02/21/2017
Price$29.22
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.05
Bid/Ask Midpoint$29.51
Closing Bid Price$29.48
Closing Ask Price$29.53

NAV Price

as of 02/21/2017
Price$29.51
Price $ Change$.23
Price % Change.79%

Trading

as of 02/21/2017
52-Week High$29.50
52-Week Low$23.98
Premium/Discount$-.01
Daily Trading Volume (Shares)1
Average Trading Volume (Shares)2,066
Shares Outstanding300,001

TOP TEN HOLDINGS

as of 02/21/2017
NameTickerFund
Weight %
SectorMarket CapCountry
BANK OF AMERICA CORP BACBAC2.6126FinancialsLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.3827IndustrialsLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.1852Health CareLarge-CapUnited States
CITIGROUP INC CC2.0882FinancialsLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO2.0784Information TechnologyLarge-CapUnited States
HOME DEPOT INC HDHD2.0576Consumer DiscretionaryLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM2.0314Information TechnologyLarge-CapUnited States
APPLE INC AAPLAAPL2.0138Information TechnologyLarge-CapUnited States
INTEL CORP INTCINTC1.9785Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC MOMO1.9400Consumer StaplesLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.8624EnergyLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.7220Consumer StaplesLarge-CapUnited States
PFIZER INC PFEPFE1.6114Health CareLarge-CapUnited States
DOW CHEMICAL CO/THE DOWDOW1.5876MaterialsLarge-CapUnited States
MORGAN STANLEY MSMS1.5678FinancialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.5501Information TechnologyLarge-CapUnited States
NVIDIA CORP NVDANVDA1.3573Information TechnologyLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2980Health CareLarge-CapUnited States
AT&T INC TT1.2975Telecommunication ServicesLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.1371Consumer StaplesLarge-CapUnited States
GENERAL DYNAMICS CORP GDGD1.1326IndustrialsLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF1.0905FinancialsLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX1.0563Health CareLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0424FinancialsLarge-CapUnited States
FORD MOTOR CO FF1.0398Consumer DiscretionaryLarge-CapUnited States
AMGEN INC AMGNAMGN1.0344Health CareLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.0026Information TechnologyLarge-CapUnited States
NEXTERA ENERGY INC NEENEE0.9839UtilitiesLarge-CapUnited States
ANTHEM INC ANTMANTM0.9811Health CareLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW0.9739IndustrialsLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.9114Information TechnologyLarge-CapUnited States
AETNA INC AETAET0.8749Health CareLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.8469Information TechnologyLarge-CapUnited States
TARGET CORP TGTTGT0.8405Consumer DiscretionaryLarge-CapUnited States
EBAY INC EBAYEBAY0.8336Information TechnologyLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.8078FinancialsLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7764MaterialsLarge-CapUnited States
EATON CORP PLC ETNETN0.7614IndustrialsLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7198EnergyLarge-CapUnited States
HUMANA INC HUMHUM0.7109Health CareLarge-CapUnited States
UNITED RENTALS INC URIURI0.7002IndustrialsLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.6824FinancialsLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS0.6666FinancialsLarge-CapUnited States
CORNING INC GLWGLW0.6645Information TechnologyLarge-CapUnited States
AFLAC INC AFLAFL0.6594FinancialsLarge-CapUnited States
SYSCO CORP SYYSYY0.6561Consumer StaplesLarge-CapUnited States
CUMMINS INC CMICMI0.6503IndustrialsLarge-CapUnited States
GILEAD SCIENCES INC GILDGILD0.6444Health CareLarge-CapUnited States
HP INC HPQHPQ0.6417Information TechnologyLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.6284Health CareLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.6247Information TechnologyLarge-CapUnited States
NEWMONT MINING CORP NEMNEM0.6227MaterialsLarge-CapUnited States
LEUCADIA NATIONAL CORP LUKLUK0.6179FinancialsLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.6159Information TechnologyLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.6156Information TechnologyLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.6145Consumer StaplesLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.6087IndustrialsLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.6070Consumer StaplesLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.6064FinancialsLarge-CapUnited States
FLEX LTD FLEXFLEX0.6030Information TechnologyLarge-CapUnited States
PROLOGIS INC PLDPLD0.6029Real EstateLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.5976UtilitiesLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.5969Health CareLarge-CapUnited States
BUNGE LTD BGBG0.5964Consumer StaplesLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.5911UtilitiesLarge-CapUnited States
UNUM GROUP UNMUNM0.5868FinancialsLarge-CapUnited States
NUCOR CORP NUENUE0.5867MaterialsLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5844IndustrialsLarge-CapUnited States
BAKER HUGHES INC BHIBHI0.5796EnergyLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.5766IndustrialsLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.5747EnergyLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.5703Consumer DiscretionaryLarge-CapUnited States
LEAR CORP LEALEA0.5679Consumer DiscretionaryLarge-CapUnited States
NETAPP INC NTAPNTAP0.5667Information TechnologyLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.5644Consumer DiscretionaryLarge-CapUnited States
TORCHMARK CORP TMKTMK0.5560FinancialsLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.5559FinancialsLarge-CapUnited States
STANLEY BLACK & DECKER INC SWKSWK0.5529IndustrialsLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.5520FinancialsLarge-CapUnited States
SL GREEN REALTY CORP SLGSLG0.5490Real EstateLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.5478IndustrialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5464MaterialsLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.5395Consumer DiscretionaryLarge-CapUnited States
DUKE REALTY CORP DREDRE0.5390Real EstateLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5363Consumer DiscretionaryLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.5355Real EstateLarge-CapUnited States
KILROY REALTY CORP KRCKRC0.5346Real EstateLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.5334MaterialsLarge-CapUnited States
BEST BUY CO INC BBYBBY0.5307Consumer DiscretionaryLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.5287Consumer StaplesLarge-CapUnited States
AERCAP HOLDINGS NV AERAER US0.5275IndustrialsLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5211UtilitiesLarge-CapUnited States
MARATHON OIL CORP MROMRO0.5160EnergyLarge-CapUnited States
INGREDION INC INGRINGR0.5136Consumer StaplesLarge-CapUnited States
HOLOGIC INC HOLXHOLX0.5117Health CareLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5014Information TechnologyLarge-CapUnited States
UNITED TECHNOLOGIES CORP UTXUTX0.4888IndustrialsLarge-CapUnited States
AMDOCS LTD DOXDOX0.4872Information TechnologyLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.4859IndustrialsLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.4828MaterialsLarge-CapUnited States
WESTERN UNION CO WUWU0.4788Information TechnologyLarge-CapUnited States
CHEVRON CORP CVXCVX0.4702EnergyLarge-CapUnited States
CA INC CACA0.4649Information TechnologyLarge-CapUnited States
OMNICOM GROUP OMCOMC0.4576Consumer DiscretionaryLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.4504Consumer DiscretionaryMid-CapUnited States
CENTURYLINK INC CTLCTL0.4405Telecommunication ServicesLarge-CapUnited States
GARMIN LTD GRMNGRMN US0.4384Consumer DiscretionaryLarge-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.4363Consumer DiscretionaryMid-CapUnited States
UGI CORP UGIUGI0.4169UtilitiesLarge-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.4048Consumer StaplesLarge-CapUnited States
PVH CORP PVHPVH0.4044Consumer DiscretionaryLarge-CapUnited States
CITRIX SYSTEMS INC CTXSCTXS0.4003Information TechnologyLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.3924Health CareLarge-CapUnited States
KOHLS CORP KSSKSS0.3801Consumer DiscretionaryLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.3789IndustrialsLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.3746Information TechnologyLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.3719Consumer DiscretionaryMid-CapUnited States
XEROX CORP XRXXRX0.3707Information TechnologyLarge-CapUnited States
DR HORTON INC DHIDHI0.3671Consumer DiscretionaryLarge-CapUnited States
CARDINAL HEALTH INC CAHCAH0.3424Health CareLarge-CapUnited States
CINTAS CORP CTASCTAS0.3136IndustrialsLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.2907Consumer DiscretionaryLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.2867FinancialsLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.2826Information TechnologyLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.2306FinancialsLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.2039FinancialsLarge-CapUnited States
FACEBOOK INC-A FBFB0.1816Information TechnologyLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.1541Consumer StaplesLarge-CapUnited States
AES CORP AESAES0.1352UtilitiesLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.1153Information TechnologyLarge-CapUnited States
SYNCHRONY FINANCIAL SYFSYF0.1126FinancialsLarge-CapUnited States
WELLS FARGO & CO WFCWFC0.0237FinancialsLarge-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/26/201712/28/2017
09/18/201709/20/201709/22/2017
06/19/201706/21/201706/23/2017
03/20/201703/22/201703/24/2017
12/22/201612/27/201612/29/20160.1693600000.169360
09/19/201609/21/201609/23/20160.1123130000.112313
06/20/201606/22/201606/24/20160.1121130000.112113
03/21/201603/23/201603/28/20160.1071550000.107155
12/29/201512/31/201501/05/20160.1656890000.165689

The Northern Trust Quality Large Cap Index is designed to measure the performance of a universe of large capitalization securities which demonstrate characteristics of better quality, attractive valuation and positive momentum.