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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 08/18/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 25,117,856.13
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 08/18/2017
SEC Subsidized Yield2
 (as of 07/31/2017)
1.75%
SEC Unsubsidized Yield3
 (as of 07/31/2017)
1.74%
Distribution Yield41.70%
12-Month Dividend Yield51.51%
Weighted Average Dividend Yield62.26%
Weighted Average Market Cap114,974,317,935.12
Weighted Average Beta1.05
Price to Earnings (as of 07/31/2017)20.58
Price to Book  (as of 07/31/2017)4.45
Price to Cash Flow  (as of 07/31/2017)14.63
Price to Sales  (as of 07/31/2017)2.80
View Standardized Performance
Please click here for revised distribution yield information for the Fund from December 2015 through February 2017.

Market Cap (%)

as of 08/18/2017
Large-Cap97.89
Mid-Cap2.11
Total100.00

Style (%)

as of 08/18/2017
Value56.29
Core24.69
Growth19.02
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 07/31/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price2.302.309.4714.9412.76
NAV1.961.969.0014.4912.50
Northern Trust Quality Large Cap Index (NTUQVMTR)2.032.039.2614.9212.93
S&P 500 Index (SPXT)2.062.0611.5916.0416.38

Quarter End Performance (%)

as of 06/30/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price1.201.627.0116.4911.97
NAV1.001.526.9116.3711.90
Northern Trust Quality Large Cap Index (NTUQVMTR)1.051.567.0816.7712.31
S&P 500 Index (SPXT).623.099.3417.9015.89
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 08/18/2017
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 08/18/2017
Price$29.72
Price $ Change$-.12
Price % Change-.40%
Avg Bid/Ask Spread$.21
Bid/Ask Midpoint$29.57
Closing Bid Price$29.47
Closing Ask Price$29.66

NAV Price

as of 08/18/2017
Price$29.55
Price $ Change$-.08
Price % Change-.27%

Trading

as of 08/18/2017
52-Week High$31.28
52-Week Low$25.78
Premium/Discount$.01
Daily Trading Volume (Shares)981
Average Trading Volume (Shares)1,320
Shares Outstanding850,001

TOP TEN HOLDINGS

as of 08/17/2017
NameTickerFund
Weight %
SectorMarket CapCountry
APPLE INC AAPLAAPL2.6067Information TechnologyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.4138Health CareLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.4128FinancialsLarge-CapUnited States
CITIGROUP INC CC2.2719FinancialsLarge-CapUnited States
BOEING CO/THE BABA2.2253IndustrialsLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH2.1082Health CareLarge-CapUnited States
HOME DEPOT INC HDHD1.9833Consumer DiscretionaryLarge-CapUnited States
GENERAL ELECTRIC CO GEGE1.9358IndustrialsLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.8793Consumer StaplesLarge-CapUnited States
INTEL CORP INTCINTC1.8761Information TechnologyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.8730Information TechnologyLarge-CapUnited States
CHEVRON CORP CVXCVX1.7562EnergyLarge-CapUnited States
ALLERGAN PLC AGNAGN1.6954Health CareLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS1.6701FinancialsLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.5776Information TechnologyLarge-CapUnited States
PNC FINANCIAL SERVICES GROUP PNCPNC1.4360FinancialsLarge-CapUnited States
MORGAN STANLEY MSMS1.4278FinancialsLarge-CapUnited States
CONOCOPHILLIPS COPCOP1.2594EnergyLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2223Health CareLarge-CapUnited States
AT&T INC TT1.1983Telecommunication ServicesLarge-CapUnited States
NEXTERA ENERGY INC NEENEE1.1613UtilitiesLarge-CapUnited States
ANTHEM INC ANTMANTM1.1349Health CareLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.1204Consumer StaplesLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.1119Information TechnologyLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT1.1105Information TechnologyLarge-CapUnited States
DANAHER CORP DHRDHR1.1051Health CareLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0647FinancialsLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.9580FinancialsLarge-CapUnited States
AMGEN INC AMGNAMGN0.9579Health CareLarge-CapUnited States
EXXON MOBIL CORP XOMXOM0.9483EnergyLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW0.9440IndustrialsLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.9286Information TechnologyLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF0.8859FinancialsLarge-CapUnited States
EBAY INC EBAYEBAY0.8715Information TechnologyLarge-CapUnited States
HUMANA INC HUMHUM0.8415Health CareLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX0.8130Health CareLarge-CapUnited States
EATON CORP PLC ETNETN0.7847IndustrialsLarge-CapUnited States
PROLOGIS INC PLDPLD0.7581Real EstateLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.7481Health CareLarge-CapUnited States
NVR INC NVRNVR0.7474Consumer DiscretionaryLarge-CapUnited States
HP INC HPQHPQ0.7207Information TechnologyLarge-CapUnited States
EXELON CORP EXCEXC0.7077UtilitiesLarge-CapUnited States
BEST BUY CO INC BBYBBY0.7071Consumer DiscretionaryLarge-CapUnited States
CORNING INC GLWGLW0.7007Information TechnologyLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.6891Information TechnologyLarge-CapUnited States
TARGET CORP TGTTGT0.6521Consumer DiscretionaryLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.6462MaterialsLarge-CapUnited States
PULTEGROUP INC PHMPHM0.6362Consumer DiscretionaryLarge-CapUnited States
MICROCHIP TECHNOLOGY INC MCHPMCHP0.6325Information TechnologyLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.6273UtilitiesLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.6273EnergyLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.6270MaterialsLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR0.6252Real EstateLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.6243FinancialsLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.6226FinancialsLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.6223Consumer DiscretionaryLarge-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.6221Information TechnologyLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.6217UtilitiesLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.6214IndustrialsLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.6187FinancialsLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.6067FinancialsLarge-CapUnited States
WEYERHAEUSER CO WYWY0.6058Real EstateLarge-CapUnited States
CUMMINS INC CMICMI0.5962IndustrialsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB0.5951Real EstateLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5947IndustrialsLarge-CapUnited States
BUNGE LTD BGBG0.5904Consumer StaplesLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.5875Consumer DiscretionaryLarge-CapUnited States
AERCAP HOLDINGS NV AERAER US0.5863IndustrialsLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.5799Real EstateLarge-CapUnited States
DXC TECHNOLOGY CO DXCDXC0.5793Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC MOMO0.5768Consumer StaplesLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5746UtilitiesLarge-CapUnited States
SYSCO CORP SYYSYY0.5740Consumer StaplesLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5717Consumer DiscretionaryLarge-CapUnited States
ESSEX PROPERTY TRUST INC ESSESS0.5710Real EstateLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.5710MaterialsLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.5683FinancialsLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.5677Health CareLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5656Information TechnologyLarge-CapUnited States
NETAPP INC NTAPNTAP0.5592Information TechnologyLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.5584UtilitiesLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.5578Consumer StaplesLarge-CapUnited States
VMWARE INC-CLASS A VMWVMW0.5532Information TechnologyLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.5530Consumer DiscretionaryMid-CapUnited States
LEUCADIA NATIONAL CORP LUKLUK0.5438FinancialsLarge-CapUnited States
INGREDION INC INGRINGR0.5429Consumer StaplesLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.5418Consumer StaplesLarge-CapUnited States
CONAGRA BRANDS INC CAGCAG0.5379Consumer StaplesLarge-CapUnited States
FLEX LTD FLEXFLEX0.5339Information TechnologyLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.5336Consumer StaplesLarge-CapUnited States
DOMINOS PIZZA INC DPZDPZ0.5245Consumer DiscretionaryLarge-CapUnited States
NUCOR CORP NUENUE0.5097MaterialsLarge-CapUnited States
UNITED RENTALS INC URIURI0.4939IndustrialsLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.4935Information TechnologyLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.4920Real EstateLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.4883MaterialsLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.4878Consumer DiscretionaryLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.4812IndustrialsLarge-CapUnited States
LEAR CORP LEALEA0.4738Consumer DiscretionaryLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.4576IndustrialsMid-CapUnited States
KLA-TENCOR CORP KLACKLAC0.4575Information TechnologyLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.4528IndustrialsLarge-CapUnited States
NOBLE ENERGY INC NBLNBL0.4490EnergyLarge-CapUnited States
GAP INC/THE GPSGPS0.4423Consumer DiscretionaryLarge-CapUnited States
CA INC CACA0.4291Information TechnologyLarge-CapUnited States
WELLTOWER INC HCNHCN0.3914Real EstateLarge-CapUnited States
DR HORTON INC DHIDHI0.3895Consumer DiscretionaryLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.3873IndustrialsMid-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.3803EnergyLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.3763Consumer DiscretionaryMid-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.3747Information TechnologyLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.3741Consumer DiscretionaryLarge-CapUnited States
VORNADO REALTY TRUST VNOVNO0.3582Real EstateLarge-CapUnited States
XEROX CORP XRXXRX0.3511Information TechnologyLarge-CapUnited States
FACEBOOK INC-A FBFB0.3403Information TechnologyLarge-CapUnited States
KOHLS CORP KSSKSS0.3303Consumer DiscretionaryLarge-CapUnited States
UNUM GROUP UNMUNM0.3273FinancialsLarge-CapUnited States
CENTURYLINK INC CTLCTL0.3187Telecommunication ServicesLarge-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.2913Consumer StaplesLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.2587FinancialsLarge-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.2577Consumer DiscretionaryMid-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.2560Information TechnologyLarge-CapUnited States
SYNOPSYS INC SNPSSNPS0.2034Information TechnologyLarge-CapUnited States
PVH CORP PVHPVH0.1995Consumer DiscretionaryLarge-CapUnited States
AMDOCS LTD DOXDOX0.1870Information TechnologyLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.1685FinancialsLarge-CapUnited States
PUBLIC STORAGE PSAPSA0.1344Real EstateLarge-CapUnited States
BROWN-FORMAN CORP-CLASS A BF/ABF/A0.1310Consumer StaplesLarge-CapUnited States
JBG SMITH PROPERTIES JBGSJBGS0.0803Real EstateMid-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.0630Information TechnologyLarge-CapUnited States
MARATHON OIL CORP MROMRO0.0500EnergyLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.0312Consumer StaplesLarge-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
09/18/201709/19/201709/22/2017
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.