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 06/21/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 23,724,703.03
Shares Outstanding800,001
# of Holdings*131
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 06/21/2017
SEC Subsidized Yield2
 (as of 05/31/2017)
1.85%
SEC Unsubsidized Yield3
 (as of 05/31/2017)
1.83%
Distribution Yield41.69%
12-Month Dividend Yield51.50%
Weighted Average Dividend Yield62.16%
Weighted Average Market Cap113,126,821,626.29
Weighted Average Beta1.06
Price to Earnings (as of 05/31/2017)21.03
Price to Book  (as of 05/31/2017)4.47
Price to Cash Flow  (as of 05/31/2017)13.77
Price to Sales  (as of 05/31/2017)2.75
View Standardized Performance
Please click here for revised distribution yield information for the Fund from December 2015 through February 2017.

Market Cap (%)

as of 06/21/2017
Large-Cap97.99
Mid-Cap2.01
Total100.00

Style (%)

as of 06/22/2017
Value55.64
Core26.76
Growth17.60
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 05/31/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price.03.415.7414.5011.79
NAV.14.515.8514.7511.86
Northern Trust Quality Large Cap Index (NTUQVMTR).14.505.9715.0912.25
S&P 500 Index (SPXT)1.412.458.6617.4716.30

Quarter End Performance (%)

as of 03/31/2017
 1 MonthQTDYTD1 YearSince Inception
09/23/2015
Market Price-.525.315.3115.1312.86
NAV-.525.315.3115.1812.86
Northern Trust Quality Large Cap Index (NTUQVMTR)-.485.445.4415.6113.31
S&P 500 Index (SPXT).126.076.0717.1716.38
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 06/21/2017
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 06/21/2017
Price$29.70
Price $ Change$-.10
Price % Change-.34%
Avg Bid/Ask Spread$.08
Bid/Ask Midpoint$29.67
Closing Bid Price$29.61
Closing Ask Price$29.72

NAV Price

as of 06/21/2017
Price$29.66
Price $ Change$-.04
Price % Change-.13%

Trading

as of 06/21/2017
52-Week High$30.68
52-Week Low$24.54
Premium/Discount$.01
Daily Trading Volume (Shares)835
Average Trading Volume (Shares)1,137
Shares Outstanding800,001

TOP TEN HOLDINGS

as of 06/21/2017
NameTickerFund
Weight %
SectorMarket CapCountry
JOHNSON & JOHNSON JNJJNJ2.4383Health CareLarge-CapUnited States
APPLE INC AAPLAAPL2.3994Information TechnologyLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.3517FinancialsLarge-CapUnited States
CITIGROUP INC CC2.1690FinancialsLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.1644IndustrialsLarge-CapUnited States
HOME DEPOT INC HDHD2.0670Consumer DiscretionaryLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH2.0153Health CareLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.9139Information TechnologyLarge-CapUnited States
BOEING CO/THE BABA1.8740IndustrialsLarge-CapUnited States
INTEL CORP INTCINTC1.8375Information TechnologyLarge-CapUnited States
ALLERGAN PLC AGNAGN1.8363Health CareLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.7908Consumer StaplesLarge-CapUnited States
CHEVRON CORP CVXCVX1.7259EnergyLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.7177Information TechnologyLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS1.6718FinancialsLarge-CapUnited States
MORGAN STANLEY MSMS1.4167FinancialsLarge-CapUnited States
PNC FINANCIAL SERVICES GROUP PNCPNC1.3746FinancialsLarge-CapUnited States
CONOCOPHILLIPS COPCOP1.3114EnergyLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2895Health CareLarge-CapUnited States
AT&T INC TT1.2112Telecommunication ServicesLarge-CapUnited States
DANAHER CORP DHRDHR1.1767Health CareLarge-CapUnited States
ANTHEM INC ANTMANTM1.1311Health CareLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT1.1191Information TechnologyLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.1058Consumer StaplesLarge-CapUnited States
NEXTERA ENERGY INC NEENEE1.0981UtilitiesLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.0750Information TechnologyLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0128FinancialsLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW1.0123IndustrialsLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.0089EnergyLarge-CapUnited States
AMGEN INC AMGNAMGN0.9743Health CareLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.9742Information TechnologyLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.9240FinancialsLarge-CapUnited States
EBAY INC EBAYEBAY0.8709Information TechnologyLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF0.8705FinancialsLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX0.8487Health CareLarge-CapUnited States
EATON CORP PLC ETNETN0.8274IndustrialsLarge-CapUnited States
HUMANA INC HUMHUM0.7995Health CareLarge-CapUnited States
CORNING INC GLWGLW0.7454Information TechnologyLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.7358Health CareLarge-CapUnited States
PROLOGIS INC PLDPLD0.7152Real EstateLarge-CapUnited States
ALTRIA GROUP INC MOMO0.6883Consumer StaplesLarge-CapUnited States
EXELON CORP EXCEXC0.6876UtilitiesLarge-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.6840Information TechnologyLarge-CapUnited States
HP INC HPQHPQ0.6821Information TechnologyLarge-CapUnited States
NVR INC NVRNVR0.6738Consumer DiscretionaryLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.6554IndustrialsLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.6538Information TechnologyLarge-CapUnited States
WEYERHAEUSER CO WYWY0.6513Real EstateLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.6497Consumer DiscretionaryMid-CapUnited States
BEST BUY CO INC BBYBBY0.6461Consumer DiscretionaryLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.6270MaterialsLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.6262UtilitiesLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR0.6261Real EstateLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.6261EnergyLarge-CapUnited States
CUMMINS INC CMICMI0.6250IndustrialsLarge-CapUnited States
MICROCHIP TECHNOLOGY INC MCHPMCHP0.6238Information TechnologyLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.6211FinancialsLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.6203Health CareLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.6106Consumer DiscretionaryLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.6079FinancialsLarge-CapUnited States
AVALONBAY COMMUNITIES INC AVBAVB0.6058Real EstateLarge-CapUnited States
PULTEGROUP INC PHMPHM0.6048Consumer DiscretionaryLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.6023UtilitiesLarge-CapUnited States
DOMINOS PIZZA INC DPZDPZ0.5997Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5976Consumer DiscretionaryLarge-CapUnited States
SYSCO CORP SYYSYY0.5959Consumer StaplesLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.5942FinancialsLarge-CapUnited States
BUNGE LTD BGBG0.5895Consumer StaplesLarge-CapUnited States
TARGET CORP TGTTGT0.5848Consumer DiscretionaryLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.5844FinancialsLarge-CapUnited States
CONAGRA BRANDS INC CAGCAG0.5815Consumer StaplesLarge-CapUnited States
ESSEX PROPERTY TRUST INC ESSESS0.5773Real EstateLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.5763MaterialsLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.5734UtilitiesLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.5697Real EstateLarge-CapUnited States
FLEX LTD FLEXFLEX0.5696Information TechnologyLarge-CapUnited States
LEUCADIA NATIONAL CORP LUKLUK0.5667FinancialsLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5622IndustrialsLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.5577FinancialsLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.5565MaterialsLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.5501Consumer StaplesLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.5464Consumer DiscretionaryLarge-CapUnited States
NOBLE ENERGY INC NBLNBL0.5463EnergyLarge-CapUnited States
AERCAP HOLDINGS NV AERAER US0.5450IndustrialsLarge-CapUnited States
NETAPP INC NTAPNTAP0.5436Information TechnologyLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.5410IndustrialsLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5364Information TechnologyLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.5349Consumer StaplesLarge-CapUnited States
DXC TECHNOLOGY CO DXCDXC0.5277Information TechnologyLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.5272IndustrialsLarge-CapUnited States
NUCOR CORP NUENUE0.5228MaterialsLarge-CapUnited States
VMWARE INC-CLASS A VMWVMW0.5179Information TechnologyLarge-CapUnited States
INGREDION INC INGRINGR0.5179Consumer StaplesLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5160UtilitiesLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5087Real EstateLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.5076Information TechnologyLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.5027Consumer StaplesLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.4976Information TechnologyLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.4935Information TechnologyLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.4809Consumer DiscretionaryLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.4761IndustrialsLarge-CapUnited States
CA INC CACA0.4726Information TechnologyLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.4682MaterialsLarge-CapUnited States
LEAR CORP LEALEA0.4594Consumer DiscretionaryLarge-CapUnited States
UNITED RENTALS INC URIURI0.4471IndustrialsLarge-CapUnited States
VORNADO REALTY TRUST VNOVNO0.4391Real EstateLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.4312Consumer DiscretionaryMid-CapUnited States
GAP INC/THE GPSGPS0.4255Consumer DiscretionaryLarge-CapUnited States
WELLTOWER INC HCNHCN0.4230Real EstateLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.4097IndustrialsLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.4045EnergyLarge-CapUnited States
CENTURYLINK INC CTLCTL0.4004Telecommunication ServicesLarge-CapUnited States
DR HORTON INC DHIDHI0.3656Consumer DiscretionaryLarge-CapUnited States
KOHLS CORP KSSKSS0.3153Consumer DiscretionaryMid-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.3144Consumer DiscretionaryMid-CapUnited States
FACEBOOK INC-A FBFB0.3126Information TechnologyLarge-CapUnited States
UNUM GROUP UNMUNM0.3102FinancialsLarge-CapUnited States
XEROX CORP XRXXRX0.3062Information TechnologyLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.2968Consumer DiscretionaryMid-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.2803Consumer StaplesLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.2535Information TechnologyLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.2477FinancialsLarge-CapUnited States
SYNOPSYS INC SNPSSNPS0.1971Information TechnologyLarge-CapUnited States
AMDOCS LTD DOXDOX0.1928Information TechnologyLarge-CapUnited States
PVH CORP PVHPVH0.1707Consumer DiscretionaryLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.1607FinancialsLarge-CapUnited States
PUBLIC STORAGE PSAPSA0.1437Real EstateLarge-CapUnited States
BROWN-FORMAN CORP-CLASS A BF/ABF/A0.1212Consumer StaplesLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.0662Information TechnologyLarge-CapUnited States
MARATHON OIL CORP MROMRO0.0534EnergyLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.0324Consumer 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.