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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 04/28/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 23,503,544.95
Shares Outstanding800,001
# 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 04/28/2017
SEC Subsidized Yield2
 (as of 03/31/2017)
1.79%
SEC Unsubsidized Yield3
 (as of 03/31/2017)
1.77%
Distribution Yield4.52%
12-Month Dividend Yield51.47%
Weighted Average Dividend Yield62.21%
Weighted Average Market Cap110,580,277,608.85
Weighted Average Beta1.06
Price to Earnings (as of 03/31/2017)20.60
Price to Book  (as of 03/31/2017)4.39
Price to Cash Flow  (as of 03/31/2017)13.50
Price to Sales  (as of 03/31/2017)2.66
View Standardized Performance

Market Cap (%)

as of 04/28/2017
Large-Cap98.16
Mid-Cap1.84
Total100.00

Style (%)

as of 04/28/2017
Value51.57
Core29.83
Growth18.60
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 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

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 04/28/2017
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 04/28/2017
Price$29.41
Price $ Change$-.15
Price % Change-.51%
Avg Bid/Ask Spread$.16
Bid/Ask Midpoint$29.38
Closing Bid Price$29.33
Closing Ask Price$29.43

NAV Price

as of 04/28/2017
Price$29.38
Price $ Change$-.13
Price % Change-.44%

Trading

as of 04/28/2017
52-Week High$30.68
52-Week Low$24.54
Premium/Discount$ .00
Daily Trading Volume (Shares)1,597
Average Trading Volume (Shares)5,392
Shares Outstanding800,001

TOP TEN HOLDINGS

as of 04/27/2017
NameTickerFund
Weight %
SectorMarket CapCountry
APPLE INC AAPLAAPL2.3612Information TechnologyLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.2772FinancialsLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.2160IndustrialsLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.2083Health CareLarge-CapUnited States
HOME DEPOT INC HDHD2.1611Consumer DiscretionaryLarge-CapUnited States
CITIGROUP INC CC2.0069FinancialsLarge-CapUnited States
INTEL CORP INTCINTC1.9785Information TechnologyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.9764Information TechnologyLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.9606Consumer StaplesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH1.9552Health CareLarge-CapUnited States
ALTRIA GROUP INC MOMO1.8104Consumer StaplesLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.7297Information TechnologyLarge-CapUnited States
DOW CHEMICAL CO/THE DOWDOW1.5779MaterialsLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS1.5629FinancialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.4798Information TechnologyLarge-CapUnited States
PFIZER INC PFEPFE1.4636Health CareLarge-CapUnited States
MORGAN STANLEY MSMS1.3975FinancialsLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.2809Consumer StaplesLarge-CapUnited States
DANAHER CORP DHRDHR1.2546Health CareLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.1890Health CareLarge-CapUnited States
AT&T INC TT1.1862Telecommunication ServicesLarge-CapUnited States
ANTHEM INC ANTMANTM1.1131Health CareLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.1118Information TechnologyLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0956FinancialsLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT1.0713Information TechnologyLarge-CapUnited States
AMGEN INC AMGNAMGN1.0158Health CareLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW0.9839IndustrialsLarge-CapUnited States
NEXTERA ENERGY INC NEENEE0.9694UtilitiesLarge-CapUnited States
EXXON MOBIL CORP XOMXOM0.9594EnergyLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF0.9104FinancialsLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX0.9041Health CareLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.8898Information TechnologyLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.8617FinancialsLarge-CapUnited States
EATON CORP PLC ETNETN0.8564IndustrialsLarge-CapUnited States
EBAY INC EBAYEBAY0.8255Information TechnologyLarge-CapUnited States
HUMANA INC HUMHUM0.7864Health CareLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.7681Information TechnologyLarge-CapUnited States
CORNING INC GLWGLW0.7522Information TechnologyLarge-CapUnited States
EXELON CORP EXCEXC0.7400UtilitiesLarge-CapUnited States
TARGET CORP TGTTGT0.7384Consumer DiscretionaryLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.7183Health CareLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7180EnergyLarge-CapUnited States
ANADARKO PETROLEUM CORP APCAPC0.7132EnergyLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.6965IndustrialsLarge-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.6921Information TechnologyLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.6803Consumer StaplesLarge-CapUnited States
PROLOGIS INC PLDPLD0.6780Real EstateLarge-CapUnited States
HP INC HPQHPQ0.6763Information TechnologyLarge-CapUnited States
PARKER HANNIFIN CORP PHPH0.6705IndustrialsLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.6703MaterialsLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.6652UtilitiesLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.6627Health CareLarge-CapUnited States
BEST BUY CO INC BBYBBY0.6536Consumer DiscretionaryLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.6515Information TechnologyLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.6375FinancialsLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.6357Consumer StaplesLarge-CapUnited States
MICROCHIP TECHNOLOGY INC MCHPMCHP0.6354Information TechnologyLarge-CapUnited States
EQUITY RESIDENTIAL EQREQR0.6349Real EstateLarge-CapUnited States
SYSCO CORP SYYSYY0.6345Consumer StaplesLarge-CapUnited States
NUCOR CORP NUENUE0.6229MaterialsLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.6183Consumer DiscretionaryLarge-CapUnited States
BAKER HUGHES INC BHIBHI0.6112EnergyLarge-CapUnited States
UGI CORP UGIUGI0.6021UtilitiesLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5953Real EstateLarge-CapUnited States
GAP INC/THE GPSGPS0.5847Consumer DiscretionaryLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.5711MaterialsLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.5674FinancialsLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5633UtilitiesLarge-CapUnited States
CUMMINS INC CMICMI0.5535IndustrialsLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.5533Consumer DiscretionaryLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5527Information TechnologyLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.5520IndustrialsLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.5490UtilitiesLarge-CapUnited States
VMWARE INC-CLASS A VMWVMW0.5436Information TechnologyLarge-CapUnited States
VORNADO REALTY TRUST VNOVNO0.5370Real EstateLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.5276IndustrialsLarge-CapUnited States
CA INC CACA0.5194Information TechnologyLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5193IndustrialsLarge-CapUnited States
ROPER TECHNOLOGIES INC ROPROP0.5169IndustrialsLarge-CapUnited States
BUNGE LTD BGBG0.5166Consumer StaplesLarge-CapUnited States
NVIDIA CORP NVDANVDA0.5161Information TechnologyLarge-CapUnited States
GGP INC GGPGGP0.5108Real EstateLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.5103EnergyLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5033MaterialsLarge-CapUnited States
CENTURYLINK INC CTLCTL0.5005Telecommunication ServicesLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.4966Consumer DiscretionaryMid-CapUnited States
CHEVRON CORP CVXCVX0.4938EnergyLarge-CapUnited States
LEAR CORP LEALEA0.4935Consumer DiscretionaryLarge-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.4934Real EstateMid-CapUnited States
NETAPP INC NTAPNTAP0.4856Information TechnologyLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.4827Real EstateLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.4797IndustrialsLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.4772FinancialsLarge-CapUnited States
FLEX LTD FLEXFLEX0.4761Information TechnologyLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.4739Consumer DiscretionaryLarge-CapUnited States
GARMIN LTD GRMNGRMN US0.4726Consumer DiscretionaryLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.4718Consumer StaplesLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.4717FinancialsLarge-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.4679Consumer DiscretionaryMid-CapUnited States
INGREDION INC INGRINGR0.4650Consumer StaplesLarge-CapUnited States
ALASKA AIR GROUP INC ALKALK0.4553IndustrialsLarge-CapUnited States
AERCAP HOLDINGS NV AERAER US0.4550IndustrialsLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.4535Information TechnologyLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.4517Consumer DiscretionaryLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.4509IndustrialsLarge-CapUnited States
AMDOCS LTD DOXDOX0.4507Information TechnologyLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.4499Information TechnologyLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.4362Consumer DiscretionaryLarge-CapUnited States
DR HORTON INC DHIDHI0.4332Consumer DiscretionaryLarge-CapUnited States
MOSAIC CO/THE MOSMOS0.4284MaterialsLarge-CapUnited States
WESTERN UNION CO WUWU0.4271Information TechnologyLarge-CapUnited States
PULTEGROUP INC PHMPHM0.4268Consumer DiscretionaryLarge-CapUnited States
UNITED RENTALS INC URIURI0.4236IndustrialsLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.4235MaterialsLarge-CapUnited States
KOHLS CORP KSSKSS0.4194Consumer DiscretionaryLarge-CapUnited States
MARATHON OIL CORP MROMRO0.4170EnergyLarge-CapUnited States
PVH CORP PVHPVH0.4124Consumer DiscretionaryLarge-CapUnited States
WELLTOWER INC HCNHCN0.3966Real EstateLarge-CapUnited States
XEROX CORP XRXXRX0.3909Information TechnologyLarge-CapUnited States
UNUM GROUP UNMUNM0.3878FinancialsLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.3869Consumer DiscretionaryMid-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.3564Information TechnologyLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.3507FinancialsLarge-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.3439Consumer StaplesLarge-CapUnited States
NVR INC NVRNVR0.2858Consumer DiscretionaryLarge-CapUnited States
FACEBOOK INC-A FBFB0.2706Information TechnologyLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.2373FinancialsLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.1625FinancialsLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.1126Consumer StaplesLarge-CapUnited States
WELLS FARGO & CO WFCWFC0.1108FinancialsLarge-CapUnited States
SYNCHRONY FINANCIAL SYFSYF0.1009FinancialsLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.0605Information 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
09/18/201709/19/201709/22/2017
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.