Stay Informed with Exclusive Advisor Access See More

SIGN UP NOW

Already registered?
Login now.

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 01/20/2017
Inception09/23/2015
CUSIP33939L746
Total Net Assets$ 7,005,112.51
Shares Outstanding250,001
# of Holdings*132
Gross Expense Ratio.42%
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.

**NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2017.

Tickers

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

Fund Characteristics1

 as of 01/20/2017
SEC Subsidized Yield2
 (as of 12/31/2016)
1.92%
SEC Unsubsidized Yield3
 (as of 12/31/2016)
1.89%
Distribution Yield47.12%
12-Month Dividend Yield51.79%
Weighted Average Dividend Yield62.21%
Weighted Average Market Cap103,223,392,023.59
Weighted Average Beta1.06
Price to Earnings (as of 12/31/2016)20.95
Price to Book  (as of 12/31/2016)4.59
Price to Cash Flow  (as of 12/31/2016)13.25
Price to Sales  (as of 12/31/2016)2.49
View Standardized Performance

Market Cap (%)

as of 01/20/2017
Large-Cap99.11
Mid-Cap.89
Total100.00

Style (%)

as of 01/19/2017
Value50.05
Core34.02
Growth15.93
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

1All Fund Characteristics terms are defined in the glossary.
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 and any capital gain distributions made over the past twelve months.
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 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

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 01/20/2017
Gross Expense Ratio.42%
Net Expense Ratio*.32%
*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2017.


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 01/20/2017
Price$28.10
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.06
Bid/Ask Midpoint$28.02
Closing Bid Price$27.99
Closing Ask Price$28.04

NAV Price

as of 01/20/2017
Price$28.02
Price $ Change$.07
Price % Change.25%

Trading

as of 01/20/2017
52-Week High$29.50
52-Week Low$23.18
Premium/Discount$-.01
Daily Trading Volume (Shares) 0
Average Trading Volume (Shares)2,263
Shares Outstanding250,001

TOP TEN HOLDINGS

as of 01/19/2017
NameTickerFund
Weight %
SectorMarket CapCountry
GENERAL ELECTRIC CO GEGE2.5462IndustrialsLarge-CapUnited States
BANK OF AMERICA CORP BACBAC2.5128FinancialsLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ2.1815Health CareLarge-CapUnited States
INTEL CORP INTCINTC2.0958Information TechnologyLarge-CapUnited States
CITIGROUP INC CC2.0671FinancialsLarge-CapUnited States
EXXON MOBIL CORP XOMXOM2.0384EnergyLarge-CapUnited States
HOME DEPOT INC HDHD2.0321Consumer DiscretionaryLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.9886Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC MOMO1.9080Consumer StaplesLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.9033Information TechnologyLarge-CapUnited States
APPLE INC AAPLAAPL1.8666Information TechnologyLarge-CapUnited States
WAL-MART STORES INC WMTWMT1.7239Consumer StaplesLarge-CapUnited States
PFIZER INC PFEPFE1.5822Health CareLarge-CapUnited States
DOW CHEMICAL CO/THE DOWDOW1.5662MaterialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.5511Information TechnologyLarge-CapUnited States
MORGAN STANLEY MSMS1.5121FinancialsLarge-CapUnited States
NVIDIA CORP NVDANVDA1.3594Information TechnologyLarge-CapUnited States
AT&T INC TT1.3250Telecommunication ServicesLarge-CapUnited States
CVS HEALTH CORP CVSCVS1.2548Consumer StaplesLarge-CapUnited States
MERCK & CO. INC. MRKMRK1.2478Health CareLarge-CapUnited States
EXPRESS SCRIPTS HOLDING CO ESRXESRX1.1343Health CareLarge-CapUnited States
GENERAL DYNAMICS CORP GDGD1.1237IndustrialsLarge-CapUnited States
AMERICAN EXPRESS CO AXPAXP1.0574FinancialsLarge-CapUnited States
FORD MOTOR CO FF1.0542Consumer DiscretionaryLarge-CapUnited States
CAPITAL ONE FINANCIAL CORP COFCOF1.0525FinancialsLarge-CapUnited States
MICROSOFT CORP MSFTMSFT1.0246Information TechnologyLarge-CapUnited States
ILLINOIS TOOL WORKS ITWITW0.9746IndustrialsLarge-CapUnited States
AMGEN INC AMGNAMGN0.9720Health CareLarge-CapUnited States
NEXTERA ENERGY INC NEENEE0.9508UtilitiesLarge-CapUnited States
ANTHEM INC ANTMANTM0.9360Health CareLarge-CapUnited States
AETNA INC AETAET0.8978Health CareLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.8895Information TechnologyLarge-CapUnited States
TARGET CORP TGTTGT0.8782Consumer DiscretionaryLarge-CapUnited States
ALPHABET INC-CL C GOOGGOOG0.8641Information TechnologyLarge-CapUnited States
EBAY INC EBAYEBAY0.7876Information TechnologyLarge-CapUnited States
EATON CORP PLC ETNETN0.7588IndustrialsLarge-CapUnited States
HUMANA INC HUMHUM0.7545Health CareLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7542MaterialsLarge-CapUnited States
S&P GLOBAL INC SPGISPGI0.7476FinancialsLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7402EnergyLarge-CapUnited States
DISCOVER FINANCIAL SERVICES DFSDFS0.7088FinancialsLarge-CapUnited States
SYSCO CORP SYYSYY0.7047Consumer StaplesLarge-CapUnited States
GILEAD SCIENCES INC GILDGILD0.6887Health CareLarge-CapUnited States
AFLAC INC AFLAFL0.6784FinancialsLarge-CapUnited States
PROLOGIS INC PLDPLD0.6631Real EstateLarge-CapUnited States
GOLDMAN SACHS GROUP INC GSGS0.6481FinancialsLarge-CapUnited States
ARCHER-DANIELS-MIDLAND CO ADMADM0.6455Consumer StaplesLarge-CapUnited States
UNITED RENTALS INC URIURI0.6346IndustrialsLarge-CapUnited States
BAKER HUGHES INC BHIBHI0.6274EnergyLarge-CapUnited States
HP INC HPQHPQ0.6254Information TechnologyLarge-CapUnited States
DTE ENERGY COMPANY DTEDTE0.6202UtilitiesLarge-CapUnited States
CORNING INC GLWGLW0.6191Information TechnologyLarge-CapUnited States
INGERSOLL-RAND PLC IRIR0.6181IndustrialsLarge-CapUnited States
NEWMONT MINING CORP NEMNEM0.6146MaterialsLarge-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.6129Information TechnologyLarge-CapUnited States
CUMMINS INC CMICMI0.6074IndustrialsLarge-CapUnited States
FIFTH THIRD BANCORP FITBFITB0.6047FinancialsLarge-CapUnited States
JM SMUCKER CO/THE SJMSJM0.6011Consumer StaplesLarge-CapUnited States
LEAR CORP LEALEA0.6001Consumer DiscretionaryLarge-CapUnited States
DUKE REALTY CORP DREDRE0.5945Real EstateLarge-CapUnited States
LEUCADIA NATIONAL CORP LUKLUK0.5829FinancialsLarge-CapUnited States
NATIONAL OILWELL VARCO INC NOVNOV0.5825EnergyLarge-CapUnited States
NUCOR CORP NUENUE0.5788MaterialsLarge-CapUnited States
MARATHON OIL CORP MROMRO0.5755EnergyLarge-CapUnited States
HD SUPPLY HOLDINGS INC HDSHDS0.5751IndustrialsLarge-CapUnited States
DISCOVERY COMMUNICATIONS-C DISCKDISCK0.5716Consumer DiscretionaryLarge-CapUnited States
UNITED CONTINENTAL HOLDINGS UALUAL0.5688IndustrialsLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.5686Health CareLarge-CapUnited States
UNUM GROUP UNMUNM0.5680FinancialsLarge-CapUnited States
EDISON INTERNATIONAL EIXEIX0.5666UtilitiesLarge-CapUnited States
CAMDEN PROPERTY TRUST CPTCPT0.5635Real EstateLarge-CapUnited States
IDEXX LABORATORIES INC IDXXIDXX0.5615Health CareLarge-CapUnited States
TORCHMARK CORP TMKTMK0.5604FinancialsLarge-CapUnited States
INGREDION INC INGRINGR0.5585Consumer StaplesLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.5581Information TechnologyLarge-CapUnited States
SL GREEN REALTY CORP SLGSLG0.5550Real EstateLarge-CapUnited States
FLEX LTD FLEXFLEX0.5535Information TechnologyLarge-CapUnited States
EVEREST RE GROUP LTD RERE US0.5514FinancialsLarge-CapUnited States
TYSON FOODS INC-CL A TSNTSN0.5507Consumer StaplesLarge-CapUnited States
STANLEY BLACK & DECKER INC SWKSWK0.5500IndustrialsLarge-CapUnited States
BUNGE LTD BGBG0.5469Consumer StaplesLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.5447Consumer DiscretionaryLarge-CapUnited States
WESTERN UNION CO WUWU0.5402Information TechnologyLarge-CapUnited States
KILROY REALTY CORP KRCKRC0.5383Real EstateLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.5372MaterialsLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.5369Consumer DiscretionaryLarge-CapUnited States
HOLOGIC INC HOLXHOLX0.5347Health CareLarge-CapUnited States
L3 TECHNOLOGIES INC LLLLLL0.5346IndustrialsLarge-CapUnited States
FIRSTENERGY CORP FEFE0.5333UtilitiesLarge-CapUnited States
BEST BUY CO INC BBYBBY0.5327Consumer DiscretionaryLarge-CapUnited States
NETAPP INC NTAPNTAP0.5301Information TechnologyLarge-CapUnited States
SUNTRUST BANKS INC STISTI0.5258FinancialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5173MaterialsLarge-CapUnited States
CHEVRON CORP CVXCVX0.5146EnergyLarge-CapUnited States
VERISIGN INC VRSNVRSN0.5138Information TechnologyLarge-CapUnited States
AMDOCS LTD DOXDOX0.5113Information TechnologyLarge-CapUnited States
UNITED TECHNOLOGIES CORP UTXUTX0.5089IndustrialsLarge-CapUnited States
JACOBS ENGINEERING GROUP INC JECJEC0.5089IndustrialsLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.5063Information TechnologyLarge-CapUnited States
CA INC CACA0.4979Information TechnologyLarge-CapUnited States
AERCAP HOLDINGS NV AERAER US0.4879IndustrialsLarge-CapUnited States
CITRIX SYSTEMS INC CTXSCTXS0.4856Information TechnologyLarge-CapUnited States
CENTURYLINK INC CTLCTL0.4816Telecommunication ServicesLarge-CapUnited States
OMNICOM GROUP OMCOMC0.4797Consumer DiscretionaryLarge-CapUnited States
GOODYEAR TIRE & RUBBER CO GTGT0.4780Consumer DiscretionaryLarge-CapUnited States
CELANESE CORP-SERIES A CECE0.4664MaterialsLarge-CapUnited States
BED BATH & BEYOND INC BBBYBBBY0.4552Consumer DiscretionaryMid-CapUnited States
GARMIN LTD GRMNGRMN US0.4376Consumer DiscretionaryLarge-CapUnited States
DISCOVERY COMMUNICATIONS-A DISCADISCA0.4343Consumer DiscretionaryMid-CapUnited States
PVH CORP PVHPVH0.4340Consumer DiscretionaryLarge-CapUnited States
MICHAEL KORS HOLDINGS LTD KORSKORS US0.4316Consumer DiscretionaryLarge-CapUnited States
UGI CORP UGIUGI0.4271UtilitiesLarge-CapUnited States
WALGREENS BOOTS ALLIANCE INC WBAWBA0.4137Consumer StaplesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.4103Health CareLarge-CapUnited States
DELTA AIR LINES INC DALDAL0.3890IndustrialsLarge-CapUnited States
KOHLS CORP KSSKSS0.3871Consumer DiscretionaryLarge-CapUnited States
XEROX CORP XRXXRX0.3658Information TechnologyLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.3555Information TechnologyLarge-CapUnited States
DR HORTON INC DHIDHI0.3520Consumer DiscretionaryLarge-CapUnited States
CARDINAL HEALTH INC CAHCAH0.3364Health CareLarge-CapUnited States
CINTAS CORP CTASCTAS0.3186IndustrialsLarge-CapUnited States
AMAZON.COM INC AMZNAMZN0.2905Consumer DiscretionaryLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN0.2865Information TechnologyLarge-CapUnited States
BERKSHIRE HATHAWAY INC-CL B BRK/BBRK/B0.2862FinancialsLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.2251FinancialsLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM0.1974FinancialsLarge-CapUnited States
FACEBOOK INC-A FBFB0.1832Information TechnologyLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC DPSDPS0.1558Consumer StaplesLarge-CapUnited States
AES CORP AESAES0.1424UtilitiesLarge-CapUnited States
ALPHABET INC-CL A GOOGLGOOGL0.1184Information TechnologyLarge-CapUnited States
SYNCHRONY FINANCIAL SYFSYF0.1151FinancialsLarge-CapUnited States
WELLS FARGO & CO WFCWFC0.0235FinancialsLarge-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
03/20/201703/22/201703/24/2017
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.