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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 10/16/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 26,647,245.53
Shares Outstanding850,001
# of Holdings*132
Gross Expense Ratio.38%
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.

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

Fund Characteristics1

 as of 10/16/2017
SEC Subsidized Yield2
 (as of 09/30/2017)
1.74%
SEC Unsubsidized Yield3
 (as of 09/30/2017)
1.72%
Distribution Yield41.65%
12-Month Dividend Yield51.48%
Weighted Average Dividend Yield62.04%
Weighted Average Market Cap119,430,991,884.46
Weighted Average Beta1.04
Price to Earnings (as of 09/30/2017)20.96
Price to Book  (as of 09/30/2017)4.47
Price to Cash Flow  (as of 09/30/2017)14.32
Price to Sales  (as of 09/30/2017)2.92
View Standardized Performance
Please click here for revised distribution yield information for the Fund from December 2015 through February 2017.

Market Cap (%)

as of 10/16/2017
Large-Cap99.15
Mid-Cap.85
Total100.00

Style (%)

as of 10/16/2017
Value45.61
Core34.59
Growth19.80
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

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.
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 09/30/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price3.134.7012.0417.1812.96
NAV3.274.8712.1117.2612.99
Northern Trust Quality Large Cap Index (NTUQVMTR)3.305.0212.4617.7213.41
S&P 500 Index (SPXT)2.064.4814.2418.6116.27

Quarter End Performance (%)

as of 09/30/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price3.134.7012.0417.1812.96
NAV3.274.8712.1117.2612.99
Northern Trust Quality Large Cap Index (NTUQVMTR)3.305.0212.4617.7213.41
S&P 500 Index (SPXT)2.064.4814.2418.6116.27
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 10/16/2017
Gross Expense Ratio.38%
Net Expense Ratio*.32%
*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 10/16/2017
Price$31.42
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.20
Bid/Ask Midpoint$31.41
Closing Bid Price$31.35
Closing Ask Price$31.46

NAV Price

as of 10/16/2017
Price$31.35
Price $ Change$.05
Price % Change.16%

Trading

as of 10/16/2017
52-Week High$31.57
52-Week Low$25.78
Premium/Discount$.06
Daily Trading Volume (Shares)1,420
Average Trading Volume (Shares)1,937
Shares Outstanding850,001

TOP TEN HOLDINGS

as of 10/13/2017
NameTickerFund
Weight %
SectorMarket CapCountry
APPLE INC AAPLAAPL2.5379Information TechnologyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.4068Health CareLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.3645FinancialsLarge-CapUnited States
CHEVRON CORP CVXCVX2.3314EnergyLarge-CapUnited States
CITIGROUP INC CC2.1695FinancialsLarge-CapUnited States
HOME DEPOT INC HDHD2.1418Consumer DiscretionaryLarge-CapUnited States
INTEL CORP INTCINTC2.0791Information TechnologyLarge-CapUnited States
BOEING CO/THE BABA1.9570IndustrialsLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.9474Information TechnologyLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.8281Consumer StaplesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH1.7908Health CareLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS1.6067FinancialsLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.5853Information TechnologyLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.4484Consumer StaplesLarge-CapUnited States
MORGAN STANLEY MSMS1.4160FinancialsLarge-CapUnited States
ALLERGAN PLC AGNAGN1.3711Health CareLarge-CapUnited States
PNC FINANCIAL SERVICES GROUP PNCPNC1.3642FinancialsLarge-CapUnited States
CONOCOPHILLIPS COPCOP1.2739EnergyLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT1.2353Information TechnologyLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2159Health CareLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.2079Information TechnologyLarge-CapUnited States
DANAHER CORP DHRDHR1.1699Health CareLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.1616FinancialsLarge-CapUnited States
NEXTERA ENERGY INC NEENEE1.1106UtilitiesLarge-CapUnited States
AMGEN INC AMGNAMGN1.0683Health CareLarge-CapUnited States
AT&T INC TT1.0443Telecommunication ServicesLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW1.0392IndustrialsLarge-CapUnited States
ANTHEM INC ANTMANTM1.0260Health CareLarge-CapUnited States
EXXON MOBIL CORP XOMXOM0.9622EnergyLarge-CapUnited States
COGNIZANT TECH SOLUTIONS-A CTSHCTSH0.9447Information TechnologyLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.9224Information TechnologyLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF0.9035FinancialsLarge-CapUnited States
EBAY INC EBAYEBAY0.8512Information TechnologyLarge-CapUnited States
MICRON TECHNOLOGY INC MUMU0.7775Information TechnologyLarge-CapUnited States
EXELON CORP EXCEXC0.7652UtilitiesLarge-CapUnited States
HUMANA INC HUMHUM0.7625Health CareLarge-CapUnited States
PROLOGIS INC PLDPLD0.7613Real EstateLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7613EnergyLarge-CapUnited States
EATON CORP PLC ETNETN0.7305IndustrialsLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7143MaterialsLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.7066Information TechnologyLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX0.6928Health CareLarge-CapUnited States
TARGET CORP TGTTGT0.6909Consumer DiscretionaryLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.6851Health CareLarge-CapUnited States
TE CONNECTIVITY LTD TELTEL US0.6642Information TechnologyLarge-CapUnited States
MICROCHIP TECHNOLOGY INC MCHPMCHP0.6416Information TechnologyLarge-CapUnited States
CORNING INC GLWGLW0.6372Information TechnologyLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.6278FinancialsLarge-CapUnited States
CUMMINS INC CMICMI0.6201IndustrialsLarge-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.6139Information TechnologyLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.6125Consumer StaplesLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.6080Consumer StaplesLarge-CapUnited States
PHILLIPS 66 PSXPSX0.6058EnergyLarge-CapUnited States
VMWARE INC-CLASS A VMWVMW0.6050Information TechnologyLarge-CapUnited States
PENTAIR PLC PNRPNR US0.6016IndustrialsLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.5999Information TechnologyLarge-CapUnited States
DR HORTON INC DHIDHI0.5993Consumer DiscretionaryLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.5991MaterialsLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.5917IndustrialsLarge-CapUnited States
ROYAL CARIBBEAN CRUISES LTD RCLRCL0.5901Consumer DiscretionaryLarge-CapUnited States
LEAR CORP LEALEA0.5894Consumer DiscretionaryLarge-CapUnited States
DXC TECHNOLOGY CO DXCDXC0.5840Information TechnologyLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5832Information TechnologyLarge-CapUnited States
YUM! BRANDS INC YUMYUM0.5817Consumer DiscretionaryLarge-CapUnited States
NUCOR CORP NUENUE0.5798MaterialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5789MaterialsLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.5781UtilitiesLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.5760FinancialsLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.5746IndustrialsLarge-CapUnited States
ALLY FINANCIAL INC ALLYALLY0.5734FinancialsLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5720Real EstateLarge-CapUnited States
GAP INC/THE GPSGPS0.5716Consumer DiscretionaryLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.5715FinancialsLarge-CapUnited States
SPIRIT AEROSYSTEMS HOLD-CL A SPRSPR0.5664IndustrialsLarge-CapUnited States
PULTEGROUP INC PHMPHM0.5661Consumer DiscretionaryLarge-CapUnited States
MSCI INC MSCIMSCI0.5639FinancialsLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.5607Information TechnologyLarge-CapUnited States
NETAPP INC NTAPNTAP0.5598Information TechnologyLarge-CapUnited States
FACEBOOK INC-A FBFB0.5573Information TechnologyLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB0.5561Real EstateLarge-CapUnited States
LOEWS CORP LL0.5547FinancialsLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR0.5542Real EstateLarge-CapUnited States
EASTMAN CHEMICAL CO EMNEMN0.5516MaterialsLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.5481UtilitiesLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.5453UtilitiesLarge-CapUnited States
CA INC CACA0.5433Information TechnologyLarge-CapUnited States
ESSEX PROPERTY TRUST INC ESSESS0.5375Real EstateLarge-CapUnited States
T-MOBILE US INC TMUSTMUS0.5356Telecommunication ServicesLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.5298Consumer DiscretionaryLarge-CapUnited States
FLEX LTD FLEXFLEX0.5271Information TechnologyLarge-CapUnited States
TOTAL SYSTEM SERVICES INC TSSTSS0.5253Information TechnologyLarge-CapUnited States
STATE STREET CORP STTSTT0.5221FinancialsLarge-CapUnited States
DUKE REALTY CORP DREDRE0.5214Real EstateLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.5202IndustrialsLarge-CapUnited States
CHURCH & DWIGHT CO INC CHDCHD0.5138Consumer StaplesLarge-CapUnited States
BEST BUY CO INC BBYBBY0.5125Consumer DiscretionaryLarge-CapUnited States
NRG ENERGY INC NRGNRG0.5116UtilitiesLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5085UtilitiesLarge-CapUnited States
VARIAN MEDICAL SYSTEMS INC VARVAR0.5073Health CareLarge-CapUnited States
NVR INC NVRNVR0.4992Consumer DiscretionaryLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.4937FinancialsLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.4922Consumer StaplesLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.4868EnergyLarge-CapUnited States
JETBLUE AIRWAYS CORP JBLUJBLU0.4835IndustrialsLarge-CapUnited States
DOMINOS PIZZA INC DPZDPZ0.4828Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.4789Consumer DiscretionaryLarge-CapUnited States
INGREDION INC INGRINGR0.4782Consumer StaplesLarge-CapUnited States
BUNGE LTD BGBG0.4743Consumer StaplesLarge-CapUnited States
CONAGRA BRANDS INC CAGCAG0.4691Consumer StaplesLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.4531Consumer DiscretionaryMid-CapUnited States
ENTERGY CORP ETRETR0.4434UtilitiesLarge-CapUnited States
ALTRIA GROUP INC MOMO0.4131Consumer StaplesLarge-CapUnited States
SYSCO CORP SYYSYY0.4017Consumer StaplesLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.3937Consumer DiscretionaryMid-CapUnited States
UNUM GROUP UNMUNM0.3901FinancialsLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.3663Information TechnologyLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.3486FinancialsLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.3388Consumer DiscretionaryLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.3382FinancialsLarge-CapUnited States
WELLTOWER INC HCNHCN0.3325Real EstateLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.3302Information TechnologyLarge-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.2923FinancialsLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.2508Information TechnologyLarge-CapUnited States
SYNOPSYS INC SNPSSNPS0.2117Information TechnologyLarge-CapUnited States
AMDOCS LTD DOXDOX0.1684Information TechnologyLarge-CapUnited States
PVH CORP PVHPVH0.1683Consumer DiscretionaryLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.1570Real EstateLarge-CapUnited States
DEERE & CO DEDE0.1313IndustrialsLarge-CapUnited States
BROWN-FORMAN CORP-CLASS A BF/ABF/A0.1296Consumer StaplesLarge-CapUnited States
PUBLIC STORAGE PSAPSA0.0981Real EstateLarge-CapUnited States
3M CO MMMMMM0.0838IndustrialsLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.0570Information TechnologyLarge-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/22/201712/28/2017
09/18/201709/19/201709/22/20170.1303400000.130340
06/19/201706/21/201706/23/20170.1252390000.125239
03/20/201703/22/201703/24/20170.0378850000.037885
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.