2022 Final Capital Gains Distributions

As of December 9, 2022

Fund Name Ticker Estimated Distribution
FlexShares Real Assets Allocation Index Fund ASET No Distribution
FlexShares Core Select Bond Fund BNDC No Distribution
FlexShares STOXX US ESG Impact Index Fund ESG No Distribution
FlexShares STOXX Global ESG Impact Index Fund ESGG No Distribution
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund FEDM No Distribution
FlexShares ESG & Climate Emerging Markets Core Index Fund FEEM No Distribution
FlexShares ESG & Climate High Yield Corporate Core Index Fund FEHY No Distribution
FlexShares ESG & Climate Investment Grade Corporate Core Index Fund FEIG No Distribution
FlexShares ESG & Climate US Large Cap Core Index Fund FEUS No Distribution
FlexShares Global Quality Real Estate Index Fund GQRE No Distribution
FlexShares Morningstar Global Upstream Natural Resources Index Fund GUNR No Distribution
FlexShares High Yield Value-Scored Bond Index Fun HYGV No Distribution
FlexShares International Quality Dividend Defensive Index Fund IQDE No Distribution
FlexShares International Quality Dividend Index Fund IQDF No Distribution
FlexShares International Quality Dividend Dynamic Index Fund IQDY No Distribution
FlexShares Credit-Scored US Long Corporate Bond Index Fund LKOR No Distribution
FlexShares Disciplined Duration MBS Index Fund MBSD No Distribution
FlexShares STOXX Global Broad Infrastructure Index Fund NFRA No Distribution
FlexShares Quality Dividend Defensive Index Fund QDEF No Distribution
FlexShares Quality Dividend Index Fund QDF No Distribution
FlexShares Quality Dividend Dynamic Index Fun QDYN No Distribution
FlexShares US Quality Large Cap Index Fun QLC No Distribution
FlexShares US Quality Low Volatility Index Fund QLV No Distribution
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund QLVD No Distribution
FlexShares Emerging Markets Quality Low Volatility Index Fund QLVE No Distribution
FlexShares Ultra-Short Income Fund RAVI No Distribution
FlexShares Credit-Scored US Corporate Bond Index Fund SKOR No Distribution
FlexShares iBoxx 5-Year Target Duration TIPS Index Fund TDTF No Distribution
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund TDTT No Distribution
FlexShares Morningstar US Market Factor Tilt Index Fund TILT No Distribution
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD No Distribution
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE No Distribution

FlexShares ETFs will pay 2022 capital gains, if applicable, on December 22, 2022, and December 29, 2022 , for shareholders of record as of December 19, 2022, and December 23, 2022, respectively. The capital gains estimates presented above are for the fiscal year ending October 31, 2022 and may change based on final tax adjustments and differences in total fund shares. Final distributions amounts will be made available on Friday, December 16, 2022 and Thursday, December 22, 2022 depending on the ex-date of each specific fund.