Stay Informed with Exclusive Advisor Access Register   Learn More

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 03/23/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 24,672,463.52
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 03/23/2017
SEC Subsidized Yield2
 (as of 02/28/2017)
1.79%
SEC Unsubsidized Yield3
 (as of 02/28/2017)
1.76%
Distribution Yield4.53%
12-Month Dividend Yield51.49%
Weighted Average Dividend Yield62.22%
Weighted Average Market Cap108,659,193,284.16
Weighted Average Beta1.06
Price to Earnings (as of 02/28/2017)20.20
Price to Book  (as of 02/28/2017)4.38
Price to Cash Flow  (as of 02/28/2017)13.48
Price to Sales  (as of 02/28/2017)2.68
View Standardized Performance

Market Cap (%)

as of 03/23/2017
Large-Cap98.29
Mid-Cap1.71
Total100.00

Style (%)

as of 03/24/2017
Value45.56
Core34.98
Growth19.46
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 02/28/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price4.365.865.8623.5814.12
NAV4.365.865.8623.5314.12
Northern Trust Quality Large Cap Index (NTUQVMTR)4.385.955.9524.0214.54
S&P 500 Index (SPXT)3.975.945.9424.9817.33

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 03/23/2017
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 03/23/2017
Price$29.14
Price $ Change$.09
Price % Change.31%
Avg Bid/Ask Spread$.04
Bid/Ask Midpoint$29.03
Closing Bid Price$29.01
Closing Ask Price$29.05

NAV Price

as of 03/23/2017
Price$29.03
Price $ Change$-.02
Price % Change-.07%

Trading

as of 03/23/2017
52-Week High$29.90
52-Week Low$24.54
Premium/Discount$ .00
Daily Trading Volume (Shares)830
Average Trading Volume (Shares)23,053
Shares Outstanding850,001

TOP TEN HOLDINGS

as of 03/23/2017
NameTickerFund
Weight %
SectorMarket CapCountry
GENERAL ELECTRIC CO GEGE2.3514IndustrialsLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.3378Health CareLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.3251FinancialsLarge-CapUnited States
APPLE INC AAPLAAPL2.2860Information TechnologyLarge-CapUnited States
HOME DEPOT INC HDHD2.1351Consumer DiscretionaryLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO2.0934Information TechnologyLarge-CapUnited States
CITIGROUP INC CC1.9956FinancialsLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.9670Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC MOMO1.9519Consumer StaplesLarge-CapUnited States
INTEL CORP INTCINTC1.9429Information TechnologyLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH1.8712Health CareLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.7795Consumer StaplesLarge-CapUnited States
DOW CHEMICAL CO/THE DOWDOW1.6743MaterialsLarge-CapUnited States
PFIZER INC PFEPFE1.5741Health CareLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS1.5688FinancialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.5588Information TechnologyLarge-CapUnited States
MORGAN STANLEY MSMS1.4582FinancialsLarge-CapUnited States
AT&T INC TT1.3168Telecommunication ServicesLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2755Health CareLarge-CapUnited States
DANAHER CORP DHRDHR1.2570Health CareLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.1621Consumer StaplesLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0317FinancialsLarge-CapUnited States
NEXTERA ENERGY INC NEENEE1.0303UtilitiesLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.0254Information TechnologyLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW1.0132IndustrialsLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.0115EnergyLarge-CapUnited States
AMGEN INC AMGNAMGN1.0086Health CareLarge-CapUnited States
ANTHEM INC ANTMANTM1.0046Health CareLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF1.0005FinancialsLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.9842Information TechnologyLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX0.9236Health CareLarge-CapUnited States
EBAY INC EBAYEBAY0.8376Information TechnologyLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.8113FinancialsLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.8067Information TechnologyLarge-CapUnited States
EATON CORP PLC ETNETN0.7837IndustrialsLarge-CapUnited States
EXELON CORP EXCEXC0.7497UtilitiesLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7411EnergyLarge-CapUnited States
HUMANA INC HUMHUM0.7390Health CareLarge-CapUnited States
ANADARKO PETROLEUM CORP APCAPC0.7385EnergyLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7375MaterialsLarge-CapUnited States
HP INC HPQHPQ0.6962Information TechnologyLarge-CapUnited States
TARGET CORP TGTTGT0.6860Consumer DiscretionaryLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.6663Information TechnologyLarge-CapUnited States
CORNING INC GLWGLW0.6662Information TechnologyLarge-CapUnited States
SYSCO CORP SYYSYY0.6651Consumer StaplesLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.6562FinancialsLarge-CapUnited States
CUMMINS INC CMICMI0.6410IndustrialsLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.6360Consumer StaplesLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.6332Health CareLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.6310UtilitiesLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.6280Health CareLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR0.6234Real EstateLarge-CapUnited States
PROLOGIS INC PLDPLD0.6144Real EstateLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.6125Information TechnologyLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.6102UtilitiesLarge-CapUnited States
BUNGE LTD BGBG0.6081Consumer StaplesLarge-CapUnited States
BAKER HUGHES INC BHIBHI0.6003EnergyLarge-CapUnited States
PARKER HANNIFIN CORP PHPH0.5999IndustrialsLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.5950IndustrialsLarge-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.5890Information TechnologyLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5807IndustrialsLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.5791Consumer StaplesLarge-CapUnited States
NETAPP INC NTAPNTAP0.5760Information TechnologyLarge-CapUnited States
FLEX LTD FLEXFLEX0.5732Information TechnologyLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5707UtilitiesLarge-CapUnited States
MICROCHIP TECHNOLOGY INC MCHPMCHP0.5675Information TechnologyLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.5674EnergyLarge-CapUnited States
NUCOR CORP NUENUE0.5667MaterialsLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.5654FinancialsLarge-CapUnited States
BEST BUY CO INC BBYBBY0.5637Consumer DiscretionaryLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.5608Information TechnologyLarge-CapUnited States
LEAR CORP LEALEA0.5599Consumer DiscretionaryLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.5550Consumer StaplesLarge-CapUnited States
UGI CORP UGIUGI0.5520UtilitiesLarge-CapUnited States
VORNADO REALTY TRUST VNOVNO0.5505Real EstateLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5498Real EstateLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.5456Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5449Consumer DiscretionaryLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.5436Consumer DiscretionaryLarge-CapUnited States
UNITED RENTALS INC URIURI0.5421IndustrialsLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5369Information TechnologyLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5360MaterialsLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.5360Real EstateLarge-CapUnited States
GGP INC GGPGGP0.5337Real EstateLarge-CapUnited States
NVIDIA CORP NVDANVDA0.5323Information TechnologyLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.5304IndustrialsLarge-CapUnited States
GAP INC/THE GPSGPS0.5195Consumer DiscretionaryLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.5190FinancialsLarge-CapUnited States
INGREDION INC INGRINGR0.5164Consumer StaplesLarge-CapUnited States
AMDOCS LTD DOXDOX0.5157Information TechnologyLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.5149FinancialsLarge-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.5135Real EstateLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.5098Consumer DiscretionaryMid-CapUnited States
AERCAP HOLDINGS NV AERAER US0.5039IndustrialsLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.4979MaterialsLarge-CapUnited States
WESTERN UNION CO WUWU0.4947Information TechnologyLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.4939IndustrialsLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.4924MaterialsLarge-CapUnited States
VMWARE INC-CLASS A VMWVMW0.4907Information TechnologyLarge-CapUnited States
ALASKA AIR GROUP INC ALKALK0.4869IndustrialsLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.4801IndustrialsLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.4786IndustrialsLarge-CapUnited States
MARATHON OIL CORP MROMRO0.4702EnergyLarge-CapUnited States
CA INC CACA0.4692Information TechnologyLarge-CapUnited States
CHEVRON CORP CVXCVX0.4617EnergyLarge-CapUnited States
GARMIN LTD GRMNGRMN US0.4549Consumer DiscretionaryLarge-CapUnited States
PVH CORP PVHPVH0.4490Consumer DiscretionaryLarge-CapUnited States
PULTEGROUP INC PHMPHM0.4333Consumer DiscretionaryLarge-CapUnited States
ROPER TECHNOLOGIES INC ROPROP0.4296IndustrialsLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.4279Consumer DiscretionaryMid-CapUnited States
CENTURYLINK INC CTLCTL0.4110Telecommunication ServicesLarge-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.4108Consumer DiscretionaryMid-CapUnited States
DR HORTON INC DHIDHI0.4017Consumer DiscretionaryLarge-CapUnited States
KOHLS CORP KSSKSS0.4013Consumer DiscretionaryLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.4010Information TechnologyLarge-CapUnited States
MOSAIC CO/THE MOSMOS0.3964MaterialsLarge-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.3952Consumer StaplesLarge-CapUnited States
UNUM GROUP UNMUNM0.3880FinancialsLarge-CapUnited States
WELLTOWER INC HCNHCN0.3699Real EstateLarge-CapUnited States
XEROX CORP XRXXRX0.3648Information TechnologyLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.3572Consumer DiscretionaryMid-CapUnited States
AMAZON.COM INC AMZNAMZN0.3544Consumer DiscretionaryLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.3007Information TechnologyLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.2932FinancialsLarge-CapUnited States
NVR INC NVRNVR0.2917Consumer DiscretionaryLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.2835FinancialsLarge-CapUnited States
FACEBOOK INC-A FBFB0.2119Information TechnologyLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.2071FinancialsLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.0868Consumer StaplesLarge-CapUnited States
SYNCHRONY FINANCIAL SYFSYF0.0554FinancialsLarge-CapUnited States
WELLS FARGO & CO WFCWFC0.0420FinancialsLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.0136Information TechnologyLarge-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/26/201712/28/2017
09/18/201709/20/201709/22/2017
06/19/201706/21/201706/23/2017
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.