Fund |
Ticker |
Stock
Exchange |
FlexShares®
US Quality Low Volatility Index Fund |
QLV |
NYSE
Arca, Inc. |
FlexShares®
Developed Markets ex-US Quality Low Volatility Index
Fund |
QLVD |
NYSE
Arca, Inc. |
FlexShares®
Emerging Markets Quality Low Volatility Index Fund |
QLVE |
NYSE
Arca, Inc. |
FlexShares®
Morningstar US Market Factor Tilt Index Fund |
TILT |
Cboe
BZX Exchange, Inc. |
FlexShares®
Morningstar
Developed Markets ex-US Factor Tilt Index
Fund |
TLTD |
NYSE
Arca, Inc. |
FlexShares®
Morningstar
Emerging Markets Factor Tilt Index Fund |
TLTE |
NYSE
Arca, Inc. |
FlexShares®
US
Quality Large Cap Index Fund |
QLC |
Cboe
BZX Exchange, Inc. |
FlexShares®
STOXX®
US ESG Select Index Fund |
ESG |
Cboe
BZX Exchange, Inc. |
FlexShares®
STOXX®
Global ESG Select Index Fund |
ESGG |
Cboe
BZX Exchange, Inc. |
FlexShares®
ESG
& Climate US Large Cap Core Index Fund |
FEUS |
NYSE
Arca, Inc. |
FlexShares®
ESG
& Climate Developed Markets ex-US Core Index
Fund |
FEDM |
NYSE
Arca, Inc. |
FlexShares®
ESG
& Climate Emerging Markets Core Index Fund |
FEEM |
NYSE
Arca, Inc. |
FlexShares®
Morningstar Global Upstream Natural Resources Index
Fund |
GUNR |
NYSE
Arca, Inc. |
FlexShares®
STOXX®
Global Broad Infrastructure Index Fund |
NFRA |
NYSE
Arca, Inc. |
FlexShares®
Global Quality Real Estate Index Fund |
GQRE |
NYSE
Arca, Inc. |
FlexShares®
Real Assets Allocation Index Fund |
ASET |
The
Nasdaq Stock Market LLC |
FlexShares®
Quality
Dividend Index Fund |
QDF |
NYSE
Arca, Inc. |
FlexShares®
Quality
Dividend Defensive Index Fund |
QDEF |
NYSE
Arca, Inc. |
FlexShares®
International
Quality Dividend Index Fund |
IQDF |
NYSE
Arca, Inc. |
FlexShares®
International
Quality Dividend Defensive Index Fund |
IQDE |
NYSE
Arca, Inc. |
FlexShares®
International
Quality Dividend Dynamic Index Fund |
IQDY |
NYSE
Arca, Inc. |
FlexShares®
iBoxx 3-Year Target Duration TIPS Index Fund |
TDTT |
NYSE
Arca, Inc. |
FlexShares®
iBoxx
5-Year Target Duration TIPS Index Fund |
TDTF |
NYSE
Arca, Inc. |
FlexShares®
Disciplined
Duration MBS Index Fund |
MBSD |
NYSE
Arca, Inc. |
FlexShares®
Credit-Scored
US Corporate Bond Index Fund |
SKOR |
The
Nasdaq Stock Market LLC |
FlexShares®
Credit-Scored
US Long Corporate Bond Index Fund |
LKOR |
Cboe
BZX Exchange, Inc. |
FlexShares®
High Yield Value-Scored Bond Index Fund |
HYGV |
NYSE
Arca, Inc. |
FlexShares®
ESG
& Climate Investment Grade Corporate Core Index
Fund |
FEIG |
NYSE
Arca, Inc. |
2 | |
2 | |
8 | |
14 | |
21 | |
26 | |
32 | |
39 | |
45 | |
51 | |
58 | |
65 | |
73 | |
82 | |
89 | |
97 | |
105 | |
113 | |
119 | |
125 | |
132 | |
139 | |
146 | |
151 | |
156 | |
163 | |
170 | |
177 | |
184 | |
192 | |
193 | |
195 | |
226 | |
231 |
232 | |
232 | |
234 | |
235 | |
235 | |
235 | |
236 | |
236 | |
236 | |
236 | |
237 | |
238 | |
239 | |
241 | |
244 | |
245 | |
273 | |
275 | |
279 | |
279 | |
279 | |
Back
Cover | |
Back
Cover |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees(1) |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(2) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
— |
After
Taxes on Distributions and
Sale
of Shares |
|
|
— |
Russell
1000® Index* |
|
|
— |
Northern
Trust Quality Low
Volatility
IndexSM* |
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
— |
After
Taxes on Distributions and
Sale
of Shares |
|
|
— |
MSCI
World ex-US Index* |
|
|
— |
Northern
Trust Developed Markets
ex-US
Quality Low Volatility
IndexSM* |
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
— |
After
Taxes on Distributions and Sale
of
Shares |
|
|
— |
MSCI
Emerging Markets Index* |
|
|
— |
Northern
Trust Emerging Markets
Quality
Low Volatility IndexSM* |
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
Morningstar®
US Market Factor Tilt
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
Morningstar®
Developed Markets ex-US
Factor
Tilt IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees(1) |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(2) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
Morningstar®
Emerging Markets Factor Tilt
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
S&P
500 Index* |
|
|
|
— |
Northern
Trust Quality
Large
Cap IndexSM* |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
STOXX®
USA ESG
Select
KPIs IndexSM*/** |
|
|
|
— |
Russell
1000®
Index** |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
STOXX®
Global ESG
Select
KPIs
IndexSM*/** |
|
|
|
— |
MSCI
World Index** |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
— |
After
Taxes on Distributions and
Sale
of Shares |
|
|
— |
S&P
500 Index* |
|
|
— |
Northern
Trust ESG & Climate US
Large
Cap Core IndexSM* |
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
— |
After
Taxes on Distributions and
Sale
of Shares |
|
|
— |
MSCI
World ex-US Index* |
|
|
— |
Northern
Trust ESG & Climate
Developed
Markets ex-US Core
IndexSM* |
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
- |
|
After
Taxes on Distributions |
|
- |
— |
After
Taxes on Distributions and
Sale
of Shares |
|
- |
— |
MSCI
Emerging Markets Index* |
|
- |
— |
Northern
Trust ESG & Climate
Emerging
Markets Core IndexSM* |
|
- |
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
- |
|
|
After
Taxes on Distributions |
- |
|
|
After
Taxes on Distributions and Sale of
Shares |
- |
|
|
Morningstar®
Global Upstream Natural
Resources
IndexSM* |
- |
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
STOXX®
Global Broad Infrastructure Index* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
FTSE
EPRA/NAREIT Developed IndexSM* |
|
|
|
Northern
Trust Global Quality Real Estate
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees(1) |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Acquired
Fund Fees and Expenses |
|
Total
Annual Fund Operating Expenses(2) |
|
Expense
Reimbursement(3) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
MSCI
ACWI Index* |
|
|
|
— |
Northern
Trust Real
Assets
Allocation
IndexSM* |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
Russell
1000®
Index* |
|
|
|
Northern
Trust Quality Dividend
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
Russell
1000®
Index* |
|
|
|
Northern
Trust Quality
Dividend Defensive
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
MSCI
ACWI ex USA Index* |
|
|
|
Northern
Trust International Quality
Dividend
IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
MSCI
ACWI ex USA Index* |
|
|
|
Northern
Trust International Quality
Dividend
Defensive IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
MSCI
ACWI ex USA Index* |
|
|
|
Northern
Trust International Quality
Dividend
Dynamic IndexSM* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
iBoxx
3-Year Target Duration TIPS Index* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Ten
Year |
Before
Taxes |
|
|
|
After
Taxes on Distributions |
|
|
|
After
Taxes on Distributions and Sale of
Shares |
|
|
|
iBoxx
5-Year Target Duration TIPS Index* |
|
|
|
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on Distributions |
|
- |
- |
— |
After
Taxes on Distributions
and
Sale of Shares |
|
|
|
— |
ICE
BofA®
Constrained
Duration
US Mortgage
Backed
Securities IndexSM* |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees(1) |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(2) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on Distributions |
|
|
|
— |
After
Taxes on Distributions
and
Sale of Shares |
|
|
|
— |
Bloomberg
U.S.
Intermediate
Corporate
Bond
Index** |
|
|
|
— |
Hybrid
Northern Trust
Credit-Scored
US
Corporate
Bond
IndexSM/Northern
Trust
US
Corporate Bond
Quality
Value IndexSM*** |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees(1) |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(2) |
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
Bloomberg
Long U.S.
Corporate
Bond Index** |
|
|
|
— |
Hybrid
Northern Trust
Credit-Scored
US Long
Corporate
Bond
IndexSM/Northern
Trust
US
Long Corporate Bond
Quality
Value
IndexSM*** |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Five
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
|
|
|
After
Taxes on
Distributions |
|
|
|
— |
After
Taxes on
Distributions
and Sale of
Shares |
|
|
|
— |
ICE
BofA®
US High Yield
Index* |
|
|
|
— |
Northern
Trust High Yield
Value-Scored
US
Corporate
Bond
IndexSM** |
|
|
|
— |
Annual
Fund Operating Expenses (expenses that you pay each
year
as a percentage of the value of your
investment) | |
Management
Fees |
|
Distribution
(12b-1) Fees |
|
Other
Expenses |
|
Total
Annual Fund Operating Expenses |
|
Expense
Reimbursement(1)
|
- |
Total
Annual Fund Operating Expenses After Expense
Reimbursement |
|
1
Year |
$ |
3
Years |
$ |
5
Years |
$ |
10
Years |
$ |
|
One
Year |
Since
Inception
of
Fund |
Inception
Date
of
Fund |
Before
Taxes |
|
- |
|
After
Taxes on Distributions |
|
- |
— |
After
Taxes on Distributions and
Sale
of Shares |
|
- |
— |
Bloomberg
US Corporate Total
Return
Value Unhedged Index* |
|
- |
— |
Northern
Trust ESG & Climate
Investment
Grade US Corporate
Core
IndexSM* |
|
- |
— |
|
FlexShares® US
Quality
Low Volatility Index Fund |
FlexShares®
Developed Markets ex-US Quality Low Volatility Index Fund |
FlexShares®
Emerging
Markets Quality Low Volatility Index Fund |
FlexShares®
Morningstar
US Market Factor Tilt Index Fund |
FlexShares®
Morningstar
Developed Markets ex-US Factor Tilt Index Fund |
FlexShares®
Morningstar
Emerging Markets Factor Tilt Index Fund |
FlexShares® US
Quality
Large Cap Index Fund |
FlexShares®
STOXX® US
ESG
Select Index Fund |
FlexShares®
STOXX®
Global
ESG Select Index Fund |
FlexShares® ESG &
Climate
US Large Cap Core Index Fund |
FlexShares® ESG &
Climate
Developed Markets ex-US Core Index Fund |
FlexShares® ESG &
Climate
Emerging Markets Core Index Fund |
FlexShares®
Morningstar
Global Upstream Natural Resources Index Fund |
Authorized
Participant
Concentration
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Calculation
Methodology
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Cash
Transactions Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Concentration
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Corporate
Bond Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit
(or Default) Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt
Extension Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Depositary
Receipts Risk |
|
✓ |
✓ |
|
✓ |
✓ |
|
|
✓ |
|
✓ |
✓ |
✓ |
Derivatives
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Distressed
Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Emerging
Markets Risk |
|
|
✓ |
|
|
✓ |
|
|
|
|
|
✓ |
✓ |
Equity
Securities Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
ESG
Investment Risk |
|
|
|
|
|
|
|
✓ |
✓ |
✓ |
✓ |
✓ |
|
Foreign
Securities Risk |
|
✓ |
✓ |
|
✓ |
✓ |
|
|
✓ |
|
✓ |
✓ |
✓ |
|
FlexShares® US Quality
Low Volatility Index Fund |
FlexShares®
Developed Markets ex-US Quality Low Volatility Index Fund |
FlexShares® Emerging
Markets Quality Low Volatility Index Fund |
FlexShares® Morningstar
US Market Factor Tilt Index Fund |
FlexShares® Morningstar
Developed Markets ex-US Factor Tilt Index Fund |
FlexShares® Morningstar
Emerging Markets Factor Tilt Index Fund |
FlexShares® US Quality
Large Cap Index Fund |
FlexShares®
STOXX® US ESG
Select Index Fund |
FlexShares®
STOXX® Global
ESG Select Index Fund |
FlexShares® ESG &
Climate US Large Cap Core Index Fund |
FlexShares® ESG &
Climate Developed Markets ex-US Core Index Fund |
FlexShares® ESG &
Climate Emerging Markets Core Index Fund |
FlexShares® Morningstar
Global Upstream Natural Resources Index Fund |
Fund
of Funds Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Geographic
Risk |
|
✓ |
✓ |
|
✓ |
✓ |
|
|
✓ |
|
✓ |
✓ |
✓ |
High
Portfolio Turnover Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
High
Yield Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Index
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Inflation
Protected Security
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
Rate Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
Rate/Maturity Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIBOR
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liquidity
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Low
Volatility Risk |
✓ |
✓ |
✓ |
|
|
|
|
|
|
|
|
|
|
Market
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Mid
and/or Small Cap
Stock
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
✓ |
✓ |
|
✓ |
✓ |
✓ |
MLP
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
MLP
Tax Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Model
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Momentum
Risk |
|
|
|
|
|
|
✓ |
|
|
|
|
|
|
Mortgage-Backed
Pass-
Through
Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
New
Fund Risk |
|
|
|
|
|
|
|
|
|
✓ |
✓ |
✓ |
|
Non-Diversification
Risk |
|
|
|
|
|
|
|
|
|
✓ |
✓ |
✓ |
|
|
FlexShares® US Quality
Low Volatility Index Fund |
FlexShares®
Developed Markets ex-US Quality Low Volatility Index Fund |
FlexShares® Emerging
Markets Quality Low Volatility Index Fund |
FlexShares® Morningstar
US Market Factor Tilt Index Fund |
FlexShares® Morningstar
Developed Markets ex-US Factor Tilt Index Fund |
FlexShares® Morningstar
Emerging Markets Factor Tilt Index Fund |
FlexShares® US Quality
Large Cap Index Fund |
FlexShares®
STOXX® US ESG
Select Index Fund |
FlexShares®
STOXX® Global
ESG Select Index Fund |
FlexShares® ESG &
Climate US Large Cap Core Index Fund |
FlexShares® ESG &
Climate Developed Markets ex-US Core Index Fund |
FlexShares® ESG &
Climate Emerging Markets Core Index Fund |
FlexShares® Morningstar
Global Upstream Natural Resources Index Fund |
Prepayment
(or Call) Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Quality
Factor Risk |
✓ |
✓ |
✓ |
|
|
|
✓ |
|
|
|
|
|
|
Quality-Value
Score Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Real
Estate Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
REIT
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Sampling
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Securities
Lending Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Seed
Investor Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Substantial
Volatility Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
U.S.
Government Securities
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Valuation
Risk |
|
|
✓ |
|
✓ |
✓ |
|
|
✓ |
|
✓ |
✓ |
✓ |
Value
Investing Risk |
|
|
|
✓ |
✓ |
✓ |
✓ |
|
|
|
|
|
|
Value
Score Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
Volatility
Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FlexShares®
STOXX® Global
Broad Infrastructure Index Fund |
FlexShares® Global
Quality
Real Estate Index Fund |
FlexShares® Real
Assets
Allocation Index Fund |
FlexShares®
Quality
Dividend Index Fund |
FlexShares®
Quality
Dividend Defensive Index Fund |
FlexShares®
International
Quality Dividend Index Fund |
FlexShares®
International
Quality Dividend Defensive Index Fund |
FlexShares®
International
Quality Dividend Dynamic Index Fund |
FlexShares®
iBoxx
3-Year Target Duration TIPS Index Fund |
FlexShares®
iBoxx
5-Year Target Duration TIPS Index Fund |
FlexShares®
Disciplined
Duration MBS Index Fund |
Authorized
Participant Concentration
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Calculation
Methodology Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Cash
Transactions Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Concentration
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Corporate
Bond Risk |
|
|
|
|
|
|
|
|
|
|
|
Credit
(or Default) Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Debt
Extension Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Depositary
Receipts Risk |
✓ |
✓ |
|
|
|
✓ |
✓ |
✓ |
|
|
|
Derivatives
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Distressed
Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
Dividend
Risk |
|
|
|
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
|
Emerging
Markets Risk |
✓ |
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
|
|
|
Equity
Securities Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
|
ESG
Investment Risk |
|
|
|
|
|
|
|
|
|
|
|
Foreign
Securities Risk |
✓ |
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
|
|
|
Fund
of Funds Risk |
|
|
✓ |
|
|
|
|
|
|
|
|
Geographic
Risk |
✓ |
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
|
|
|
High
Portfolio Turnover Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
High
Yield Securities Risk |
|
|
|
|
|
|
|
|
|
|
|
Income
Risk |
|
|
|
|
|
|
|
|
✓ |
✓ |
✓ |
Index
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Inflation
Protected Security Risk |
|
|
|
|
|
|
|
|
✓ |
✓ |
|
Interest
Rate Risk |
✓ |
✓ |
✓ |
|
|
|
|
|
|
|
|
Interest
Rate/Maturity Risk |
|
|
|
|
|
|
|
|
✓ |
✓ |
✓ |
|
FlexShares®
STOXX® Global
Broad Infrastructure Index Fund |
FlexShares® Global Quality
Real Estate Index Fund |
FlexShares® Real Assets
Allocation Index Fund |
FlexShares® Quality
Dividend Index Fund |
FlexShares® Quality
Dividend Defensive Index Fund |
FlexShares® International
Quality Dividend Index Fund |
FlexShares® International
Quality Dividend Defensive Index Fund |
FlexShares® International
Quality Dividend Dynamic Index Fund |
FlexShares® iBoxx
3-Year Target Duration TIPS Index Fund |
FlexShares® iBoxx
5-Year Target Duration TIPS Index Fund |
FlexShares® Disciplined
Duration MBS Index Fund |
LIBOR
Risk |
|
|
|
|
|
|
|
|
|
|
|
Liquidity
Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Low
Volatility Risk |
|
|
|
|
|
|
|
|
|
|
|
Market
Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Mid
and/or Small Cap Stock Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
|
MLP
Risk |
✓ |
|
✓ |
|
|
|
|
|
|
|
|
MLP
Tax Risk |
✓ |
|
✓ |
|
|
|
|
|
|
|
|
Model
Risk |
|
|
✓ |
|
|
|
|
|
|
|
|
Momentum
Risk |
|
✓ |
✓ |
|
|
|
|
|
|
|
|
Mortgage-Backed
Pass-Through
Securities
Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
New
Fund Risk |
|
|
|
|
|
|
|
|
|
|
|
Non-Diversification
Risk |
|
|
|
|
|
|
|
|
|
|
|
Prepayment
(or Call) Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Quality
Factor Risk |
|
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
|
Quality-Value
Score Risk |
|
|
|
|
|
|
|
|
|
|
|
Real
Estate Securities Risk |
|
✓ |
✓ |
|
|
|
|
|
|
|
|
REIT
Risk |
✓ |
✓ |
✓ |
|
|
|
|
|
|
|
|
Sampling
Risk |
✓ |
✓ |
|
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
✓ |
Securities
Lending Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
Seed
Investor Risk |
|
|
|
|
|
|
|
|
|
|
|
Substantial
Volatility Risk |
|
|
|
|
|
|
|
|
|
|
|
Tax
Risk |
|
|
✓ |
|
|
|
|
|
|
|
|
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
FlexShares®
STOXX® Global
Broad Infrastructure Index Fund |
FlexShares® Global Quality
Real Estate Index Fund |
FlexShares® Real Assets
Allocation Index Fund |
FlexShares® Quality
Dividend Index Fund |
FlexShares® Quality
Dividend Defensive Index Fund |
FlexShares® International
Quality Dividend Index Fund |
FlexShares® International
Quality Dividend Defensive Index Fund |
FlexShares® International
Quality Dividend Dynamic Index Fund |
FlexShares® iBoxx
3-Year Target Duration TIPS Index Fund |
FlexShares® iBoxx
5-Year Target Duration TIPS Index Fund |
FlexShares® Disciplined
Duration MBS Index Fund |
U.S.
Government Securities Risk |
|
|
|
|
|
|
|
|
|
|
✓ |
Valuation
Risk |
✓ |
✓ |
✓ |
|
|
✓ |
✓ |
✓ |
|
|
✓ |
Value
Investing Risk |
|
✓ |
✓ |
|
|
|
|
|
|
|
|
Value
Score Risk |
|
|
|
|
|
|
|
|
|
|
|
Volatility
Risk |
|
|
|
✓ |
✓ |
✓ |
✓ |
✓ |
|
|
|
|
FlexShares® Credit-
Scored U.S. Corporate Bond Index Fund |
FlexShares® Credit-
Scored US Long Corporate Bond Index Fund |
FlexShares® High
Yield
Value-Scored Bond Index Fund |
FlexShares® ESG &
Climate
Investment Grade Corporate Core Index Fund |
Authorized
Participant Concentration Risk |
✓ |
✓ |
✓ |
✓ |
Calculation
Methodology Risk |
✓ |
✓ |
✓ |
✓ |
Cash
Transactions Risk |
|
|
|
|
Concentration
Risk |
✓ |
✓ |
✓ |
✓ |
Corporate
Bond Risk |
✓ |
✓ |
|
✓ |
Credit
(or Default) Risk |
✓ |
✓ |
✓ |
✓ |
Debt
Extension Risk |
✓ |
✓ |
✓ |
✓ |
Depositary
Receipts Risk |
|
|
|
|
Derivatives
Risk |
✓ |
✓ |
✓ |
✓ |
Distressed
Securities Risk |
|
|
✓ |
|
Dividend
Risk |
|
|
|
|
Emerging
Markets Risk |
|
|
|
|
Equity
Securities Risk |
|
|
|
|
ESG
Investment Risk |
|
|
|
✓ |
Foreign
Securities Risk |
✓ |
✓ |
✓ |
✓ |
Fund
of Funds Risk |
|
|
|
|
Geographic
Risk |
|
|
|
|
High
Portfolio Turnover Risk |
|
✓ |
✓ |
|
High
Yield Securities Risk |
|
|
✓ |
|
Income
Risk |
✓ |
✓ |
✓ |
✓ |
Index
Risk |
✓ |
✓ |
✓ |
✓ |
Inflation
Protected Security Risk |
|
|
|
|
Interest
Rate Risk |
|
|
|
|
Interest
Rate/Maturity Risk |
✓ |
✓ |
✓ |
✓ |
|
FlexShares® Credit-
Scored U.S. Corporate Bond Index Fund |
FlexShares® Credit-
Scored US Long Corporate Bond Index Fund |
FlexShares® High Yield
Value-Scored Bond Index Fund |
FlexShares® ESG &
Climate Investment Grade Corporate Core Index Fund |
LIBOR
Risk |
|
|
|
|
Liquidity
Risk |
✓ |
✓ |
✓ |
✓ |
Low
Volatility Risk |
|
|
|
|
Market
Risk |
✓ |
✓ |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
✓ |
✓ |
Mid
and/or Small Cap Stock Risk |
|
|
|
|
MLP
Risk |
|
|
|
|
MLP
Tax Risk |
|
|
|
|
Model
Risk |
|
|
|
|
Momentum
Risk |
|
|
|
|
Mortgage-Backed
Pass-Through Securities Risk |
|
|
|
|
New
Fund Risk |
|
|
|
✓ |
Non-Diversification
Risk |
|
|
|
✓ |
Prepayment
(or Call) Risk |
✓ |
✓ |
✓ |
✓ |
Quality
Factor Risk |
|
|
|
|
Quality-Value
Score Risk |
✓ |
✓ |
|
|
Real
Estate Securities Risk |
|
|
|
|
REIT
Risk |
|
|
|
|
Sampling
Risk |
✓ |
✓ |
✓ |
✓ |
Securities
Lending Risk |
✓ |
✓ |
✓ |
✓ |
Seed
Investor Risk |
|
|
|
|
Substantial
Volatility Risk |
|
|
✓ |
|
Tax
Risk |
|
|
|
|
Tracking
Error Risk |
✓ |
✓ |
✓ |
✓ |
U.S.
Government Securities Risk |
|
|
|
|
|
FlexShares® Credit-
Scored U.S. Corporate Bond Index Fund |
FlexShares® Credit-
Scored US Long Corporate Bond Index Fund |
FlexShares® High Yield
Value-Scored Bond Index Fund |
FlexShares® ESG &
Climate Investment Grade Corporate Core Index Fund |
Valuation
Risk |
✓ |
✓ |
✓ |
✓ |
Value
Investing Risk |
|
|
|
|
Value
Score Risk |
|
|
✓ |
|
Volatility
Risk |
|
|
|
|
Fund |
Unitary
Management Fee
(as a
percentage of
the
Fund’s average
daily
net assets) paid to
NTI
as of 10/31/23 |
FlexShares®
US Quality Low
Volatility
Index Fund |
0.22%(1) |
FlexShares®
Developed
Markets
ex-US Quality Low
Volatility
Index Fund |
0.32% |
FlexShares®
Emerging
Markets
Quality Low
Volatility
Index Fund |
0.40% |
FlexShares®
Morningstar US
Market
Factor Tilt Index
Fund |
0.25% |
FlexShares®
Morningstar
Developed
Markets ex-US
Factor
Tilt Index Fund |
0.39% |
FlexShares®
Morningstar
Emerging
Markets Factor Tilt
Index
Fund |
0.59%(2) |
FlexShares®
US Quality
Large
Cap Index Fund |
0.25% |
FlexShares®
STOXX®
US
ESG
Select Index Fund |
0.32% |
FlexShares®
STOXX®
Global
ESG Select Index
Fund |
0.42% |
FlexShares®
ESG
& Climate
US
Large Cap Core Index
Fund |
0.09% |
FlexShares®
ESG
& Climate
Developed
Markets ex-US
Core
Index Fund |
0.12% |
Fund |
Unitary
Management Fee
(as a
percentage of
the
Fund’s average
daily
net assets) paid to
NTI
as of 10/31/23 |
FlexShares®
ESG
& Climate
Emerging
Markets Core
Index
Fund |
0.18% |
FlexShares®
Morningstar
Global
Upstream Natural
Resources
Index Fund |
0.46% |
FlexShares®
STOXX®
Global
Broad Infrastructure
Index
Fund |
0.47% |
FlexShares®
Global Quality
Real
Estate Index Fund |
0.45% |
FlexShares®
Real Assets
Allocation
Index Fund |
0.49% |
FlexShares®
Quality
Dividend
Index Fund |
0.37% |
FlexShares®
Quality
Dividend
Defensive Index
Fund |
0.37% |
FlexShares®
International
Quality
Dividend Index Fund |
0.47% |
FlexShares®
International
Quality
Dividend Defensive
Index
Fund |
0.47% |
FlexShares®
International
Quality
Dividend Dynamic
Index
Fund |
0.47% |
FlexShares®
iBoxx 3-Year
Target
Duration TIPS Index
Fund |
0.18% |
FlexShares®
iBoxx 5-Year
Target
Duration TIPS Index
Fund |
0.18% |
FlexShares®
Disciplined
Duration
MBS Index Fund |
0.20% |
Fund |
Unitary
Management Fee
(as a
percentage of
the
Fund’s average
daily
net assets) paid to
NTI
as of 10/31/23 |
FlexShares®
Credit-Scored
US
Corporate Bond Index
Fund |
0.22%(3) |
FlexShares®
Credit-Scored
US
Long Corporate Bond
Index
Fund |
0.22%(4) |
FlexShares®
High Yield
Value-Scored
Bond Index
Fund |
0.37% |
FlexShares®
ESG & Climate
Investment
Grade Corporate
Core
Index Fund |
0.12% |
|
Dividends
from Net Investment Income: | |
Fund |
Declared
and
Paid
Quarterly |
Declared
and
Paid
Monthly |
FlexShares®
US
Quality
Low
Volatility
Index
Fund |
✓ |
|
FlexShares®
Developed
Markets
ex-US
Quality
Low
Volatility
Index
Fund |
✓ |
|
FlexShares®
Emerging
Markets
Quality
Low
Volatility
Index
Fund |
✓ |
|
FlexShares®
Morningstar
US
Market
Factor Tilt
Index
Fund |
✓ |
|
FlexShares®
Morningstar
Developed
Markets
ex-US
Factor
Tilt Index
Fund |
✓ |
|
FlexShares®
Morningstar
Emerging
Markets
Factor
Tilt Index
Fund |
✓ |
|
|
Dividends
from Net Investment Income: | |
Fund |
Declared
and
Paid
Quarterly |
Declared
and
Paid
Monthly |
FlexShares®
US
Quality
Large Cap
Index
Fund |
✓ |
|
FlexShares®
STOXX®
US ESG
Select
Index Fund |
✓ |
|
FlexShares®
STOXX®
Global
ESG
Select Index
Fund |
✓ |
|
FlexShares®
ESG
&
Climate
US Large
Cap
Core Index
Fund |
✓ |
|
FlexShares®
ESG
&
Climate
Developed
Markets
ex-US
Core
Index Fund |
✓ |
|
FlexShares®
ESG &
Climate
Emerging
Markets
Core
Index
Fund |
✓ |
|
FlexShares®
Morningstar
Global
Upstream
Natural
Resources
Index
Fund |
✓ |
|
FlexShares®
STOXX®
Global
Broad
Infrastructure
Index
Fund |
✓ |
|
FlexShares®
Global
Quality
Real
Estate Index
Fund |
✓ |
|
FlexShares®
Real
Assets
Allocation
Index
Fund |
✓ |
|
|
Dividends
from Net Investment Income: | |
Fund |
Declared
and
Paid
Quarterly |
Declared
and
Paid
Monthly |
FlexShares®
Quality
Dividend
Index
Fund |
✓ |
|
FlexShares®
Quality
Dividend
Defensive
Index
Fund |
✓ |
|
FlexShares®
International
Quality
Dividend
Index
Fund |
✓ |
|
FlexShares®
International
Quality
Dividend
Defensive
Index
Fund |
✓ |
|
FlexShares®
International
Quality
Dividend
Dynamic
Index
Fund |
✓ |
|
FlexShares®
iBoxx
3-Year
Target
Duration
TIPS Index
Fund |
|
✓ |
FlexShares®
iBoxx
5-Year
Target
Duration
TIPS Index
Fund |
|
✓ |
FlexShares®
Disciplined
Duration
MBS
Index
Fund |
|
✓ |
FlexShares®
Credit-
Scored
US
Corporate
Bond
Index
Fund |
|
✓ |
|
Dividends
from Net Investment Income: | |
Fund |
Declared
and
Paid
Quarterly |
Declared
and
Paid
Monthly |
FlexShares®
Credit-
Scored
US Long
Corporate
Bond
Index
Fund |
|
✓ |
FlexShares®
High
Yield
Value-Scored
Bond
Index Fund |
|
✓ |
FlexShares®
ESG
&
Climate
Investment
Grade
Corporate
Core
Index Fund |
|
✓ |
|
|
FlexShares®
US Quality Low Volatility Index Fund | |||||
|
|
Year
ended October 31, |
For
the period
07/15/19*
through
10/31/19 | ||||
|
2023 |
2022 |
2021 |
2020 | |||
Net
asset value, beginning of period |
$50.02 |
$54.60 |
$40.93 |
$40.44 |
$40.00 | ||
PER
SHARE |
|
|
|
|
| ||
Investment
Operations |
|
|
|
|
| ||
Net
Investment Income(a) |
0.88 |
0.82 |
0.57 |
0.64 |
0.17 | ||
Net
Realized and Unrealized Gain (Loss) |
1.40 |
(4.70
) |
13.69 |
0.38 |
0.35 | ||
Total
from Operations |
2.28 |
(3.88
) |
14.26 |
1.02 |
0.52 | ||
Distributions |
|
|
|
|
| ||
Net
Investment Income |
(0.91
) |
(0.70
) |
(0.59
) |
(0.53
) |
(0.08
) | ||
Total
from Distributions |
(0.91
) |
(0.70
) |
(0.59
) |
(0.53
) |
(0.08
) | ||
Net
Asset Value, end of period |
$51.39 |
$50.02 |
$54.60 |
$40.93 |
$40.44 | ||
Total
Return(b) |
|
|
|
|
| ||
Net
Asset Value(d) |
4.56
% |
(7.12
)% |
35.05
% |
2.63
% |
1.30
% | ||
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
| ||
Ratios
to Average Net Assets(c) |
|
| |||||
Expenses |
0.23
% |
0.23
% |
0.23
% |
0.23
% |
0.23
% | ||
Expenses
net of reimbursements |
0.22
% |
0.22
% |
0.22
% |
0.22
% |
0.22
% | ||
Net
Investment Income Before Reimbursements |
1.70
% |
1.58
% |
1.17
% |
1.55
% |
1.45
% | ||
Net
Investment Income Net of Reimbursements |
1.70
% |
1.58
% |
1.17
% |
1.56
% |
1.45
% | ||
Supplemental
Data |
|
|
|
|
| ||
Portfolio
Turnover Rate(b)(e) |
51
% |
48
% |
43
% |
47
% |
9
% | ||
Net
assets, end of period (thousands) |
$185,005 |
$162,569 |
$161,074 |
$110,524 |
$6,067 |
|
|
FlexShares®
Developed Markets ex-US Quality Low Volatility Index
Fund | |||||
|
|
Year
ended October 31, |
For
the period
07/15/19*
through
10/31/19 | ||||
|
2023 |
2022 |
2021 |
2020 | |||
Net
asset value, beginning of period |
$22.09 |
$27.92 |
$23.48 |
$25.60 |
$25.00 | ||
PER
SHARE |
|
|
|
|
| ||
Investment
Operations |
|
|
|
|
| ||
Net
Investment Income(a) |
0.73 |
0.66 |
0.73 |
0.64 |
0.16 | ||
Net
Realized and Unrealized Gain (Loss) |
1.55 |
(5.71
) |
4.43 |
(2.22
) |
0.53 | ||
Total
from Operations |
2.28 |
(5.05
) |
5.16 |
(1.58
) |
0.69 | ||
Distributions |
|
|
|
|
| ||
Net
Investment Income |
(0.70
) |
(0.78
) |
(0.72
) |
(0.54
) |
(0.09
) | ||
Total
from Distributions |
(0.70
) |
(0.78
) |
(0.72
) |
(0.54
) |
(0.09
) | ||
Net
Asset Value, end of period |
$23.67 |
$22.09 |
$27.92 |
$23.48 |
$25.60 | ||
Total
Return(b) |
|
|
|
|
| ||
Net
Asset Value(d) |
10.16
% |
(18.36
)% |
22.05
% |
(6.24
)% |
2.76
% | ||
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
| ||
Ratios
to Average Net Assets(c) |
|
| |||||
Expenses |
0.33
% |
0.33
% |
0.33
% |
0.33
% |
0.32
% | ||
Expenses
net of reimbursements |
0.32
% |
0.32
% |
0.32
% |
0.32
% |
0.32
% | ||
Net
Investment Income Before Reimbursements |
2.94
% |
2.60
% |
2.68
% |
2.63
% |
2.21
% | ||
Net
Investment Income Net of Reimbursements |
2.94
% |
2.60
% |
2.68
% |
2.64
% |
2.21
% | ||
Supplemental
Data |
|
|
|
|
| ||
Portfolio
Turnover Rate(b)(e) |
52
% |
56
% |
56
% |
62
% |
14
% | ||
Net
assets, end of period (thousands) |
$66,263 |
$61,852 |
$75,371 |
$65,747 |
$5,120 |
|
|
FlexShares®
Emerging Markets Quality Low Volatility Index
Fund | |||||
|
|
Year
ended October 31, |
For
the period
07/15/19*
through
10/31/19 | ||||
|
2023 |
2022 |
2021 |
2020 | |||
Net
asset value, beginning of period |
$20.53 |
$26.41 |
$23.95 |
$24.94 |
$25.00 | ||
PER
SHARE |
|
|
|
|
| ||
Investment
Operations |
|
|
|
|
| ||
Net
Investment Income(a) |
0.76 |
0.67 |
0.69 |
0.56 |
0.23 | ||
Net
Realized and Unrealized Gain (Loss) |
1.02 |
(5.82
) |
2.22 |
(0.91
) |
(0.18
) | ||
Total
from Operations |
1.78 |
(5.15
) |
2.91 |
(0.35
) |
0.05 | ||
Distributions |
|
|
|
|
| ||
Net
Investment Income |
(0.68
) |
(0.69
) |
(0.45
) |
(0.64
) |
(0.11
) | ||
Tax
Return of Capital |
— |
(0.04
) |
— |
— |
— | ||
Total
from Distributions |
(0.68
) |
(0.73
) |
(0.45
) |
(0.64
) |
(0.11
) | ||
Net
Asset Value, end of period |
$21.63 |
$20.53 |
$26.41 |
$23.95 |
$24.94 | ||
Total
Return(b) |
|
|
|
|
| ||
Net
Asset Value(d) |
8.52
% |
(19.77
)% |
12.09
% |
(1.41
)% |
0.19
% | ||
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
| ||
Ratios
to Average Net Assets(c) |
|
| |||||
Expenses |
0.41
% |
0.41
% |
0.41
% |
0.41
% |
0.40
% | ||
Expenses
net of reimbursements |
0.40
% |
0.40
% |
0.40
% |
0.40
% |
0.40
% | ||
Net
Investment Income Before Reimbursements |
3.35
% |
2.75
% |
2.57
% |
2.38
% |
3.18
% | ||
Net
Investment Income Net of Reimbursements |
3.35
% |
2.75
% |
2.58
% |
2.39
% |
3.18
% | ||
Supplemental
Data |
|
|
|
|
| ||
Portfolio
Turnover Rate(b)(e) |
75
% |
53
% |
54
% |
81
% |
12
% | ||
Net
assets, end of period (thousands) |
$12,980 |
$8,214 |
$15,844 |
$9,578 |
$4,989 |
|
FlexShares®
Morningstar US Market Factor Tilt Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$151.07 |
$178.97 |
$121.11 |
$119.52 |
$110.13 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
2.53 |
2.39 |
2.08 |
2.10 |
1.95 |
Net
Realized and Unrealized Gain (Loss) |
6.03 |
(27.93
) |
57.80 |
1.60 |
9.33 |
Total
from Operations |
8.56 |
(25.54
) |
59.88 |
3.70 |
11.28 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(2.45
) |
(2.36
) |
(2.02
) |
(2.11
) |
(1.89
) |
Total
from Distributions |
(2.45
) |
(2.36
) |
(2.02
) |
(2.11
) |
(1.89
) |
Net
Asset Value, end of period |
$157.18 |
$151.07 |
$178.97 |
$121.11 |
$119.52 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
5.67
% |
(14.33
)% |
49.68
% |
3.28
% |
10.41
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.26
% |
0.26
% |
0.26
% |
0.26
% |
0.26
% |
Expenses
net of reimbursements |
0.25
% |
0.25
% |
0.25
% |
0.25
% |
0.25
% |
Net
Investment Income Before Reimbursements |
1.58
% |
1.47
% |
1.28
% |
1.78
% |
1.72
% |
Net
Investment Income Net of Reimbursements |
1.58
% |
1.47
% |
1.29
% |
1.79
% |
1.72
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
15
% |
14
% |
24
% |
26
% |
28
% |
Net
assets, end of period (thousands) |
$1,336,011 |
$1,397,408 |
$1,727,019 |
$1,174,786 |
$1,446,137 |
|
FlexShares®
Morningstar Developed Markets ex-US Factor Tilt Index
Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$54.48 |
$73.71 |
$54.24 |
$62.67 |
$59.76 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.93 |
1.94 |
1.71 |
1.31 |
1.85 |
Net
Realized and Unrealized Gain (Loss) |
5.37 |
(18.44
) |
19.27 |
(7.88
) |
2.89 |
Total
from Operations |
7.30 |
(16.50
) |
20.98 |
(6.57
) |
4.74 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.62
) |
(2.61
) |
(1.51
) |
(1.86
) |
(1.83
) |
Total
Return of Capital |
— |
(0.12
) |
— |
— |
— |
Total
from Distributions |
(1.62
) |
(2.73
) |
(1.51
) |
(1.86
) |
(1.83
) |
Net
Asset Value, end of period |
$60.16 |
$54.48 |
$73.71 |
$54.24 |
$62.67 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
13.21
% |
(22.83
)% |
38.79
% |
(10.57
)% |
8.13
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.40
% |
0.40
% |
0.40
% |
0.40
% |
0.40
% |
Expenses
net of reimbursements |
0.39
% |
0.39
% |
0.39
% |
0.39
% |
0.39
% |
Net
Investment Income Before Reimbursements |
3.04
% |
3.02
% |
2.42
% |
2.28
% |
3.09
% |
Net
Investment Income Net of Reimbursements |
3.04
% |
3.02
% |
2.42
% |
2.28
% |
3.09
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
22
% |
27
% |
29
% |
21
% |
25
% |
Net
assets, end of period (thousands) |
$469,239 |
$446,754 |
$648,638 |
$499,016 |
$965,142 |
|
FlexShares®
Morningstar Emerging Markets Factor Tilt Index
Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$42.22 |
$60.79 |
$48.05 |
$50.42 |
$47.92 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.45 |
1.86 |
1.51 |
1.02 |
1.49 |
Net
Realized and Unrealized Gain (Loss) |
4.36 |
(18.06
) |
12.40 |
(1.97
) |
2.46 |
Total
from Operations |
5.81 |
(16.20
) |
13.91 |
(0.95
) |
3.95 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.49
) |
(2.37
) |
(1.17
) |
(1.42
) |
(1.45
) |
Total
from Distributions |
(1.49
) |
(2.37
) |
(1.17
) |
(1.42
) |
(1.45
) |
Net
Asset Value, end of period |
$46.54 |
$42.22 |
$60.79 |
$48.05 |
$50.42 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
13.63
%(f) |
(27.32
)% |
28.95
% |
(1.86
)% |
8.29
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.61
% |
0.60
% |
0.60
% |
0.60
% |
0.60
% |
Expenses
net of reimbursements |
0.59
% |
0.59
% |
0.59
% |
0.59
% |
0.59
% |
Net
Investment Income Before Reimbursements |
2.95
% |
3.49
% |
2.46
% |
2.13
% |
2.92
% |
Net
Investment Income Net of Reimbursements |
2.97
% |
3.49
% |
2.47
% |
2.14
% |
2.93
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
39
% |
34
% |
40
% |
41
% |
45
% |
Net
assets, end of period (thousands) |
$218,724 |
$206,889 |
$334,372 |
$225,847 |
$413,414 |
|
FlexShares®
US Quality Large Cap Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$43.17 |
$50.25 |
$35.48 |
$34.69 |
$33.44 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.67 |
0.61 |
0.50 |
0.62 |
0.68 |
Net
Realized and Unrealized Gain (Loss) |
3.43 |
(7.11
) |
14.76 |
0.76 |
1.29 |
Total
from Operations |
4.10 |
(6.50
) |
15.26 |
1.38 |
1.97 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.66
) |
(0.58
) |
(0.49
) |
(0.59
) |
(0.72
) |
Total
from Distributions |
(0.66
) |
(0.58
) |
(0.49
) |
(0.59
) |
(0.72
) |
Net
Asset Value, end of period |
$46.61 |
$43.17 |
$50.25 |
$35.48 |
$34.69 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
9.54
% |
(12.98
)% |
43.21
% |
4.13
% |
6.04
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.26
% |
0.30
% |
0.33
% |
0.33
% |
0.33
% |
Expenses
net of reimbursements |
0.25
% |
0.30
% |
0.32
% |
0.32
% |
0.32
% |
Net
Investment Income Before Reimbursements |
1.44
% |
1.31
% |
1.11
% |
1.77
% |
2.04
% |
Net
Investment Income Net of Reimbursements |
1.44
% |
1.31
% |
1.11
% |
1.77
% |
2.05
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
20
% |
22
% |
30
% |
48
% |
69
% |
Net
assets, end of period (thousands) |
$146,806 |
$127,350 |
$144,475 |
$71,842 |
$51,171 |
|
FlexShares®
STOXX®
US ESG Select Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$92.96 |
$112.73 |
$79.16 |
$72.29 |
$64.33 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.32 |
1.22 |
1.26 |
1.27 |
1.21 |
Net
Realized and Unrealized Gain (Loss) |
9.71 |
(19.75
) |
33.50 |
6.81 |
7.83 |
Total
from Operations |
11.03 |
(18.53
) |
34.76 |
8.08 |
9.04 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.27
) |
(1.24
) |
(1.19
) |
(1.21
) |
(1.08
) |
Total
from Distributions |
(1.27
) |
(1.24
) |
(1.19
) |
(1.21
) |
(1.08
) |
Net
Asset Value, end of period |
$102.72 |
$92.96 |
$112.73 |
$79.16 |
$72.29 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
11.91
% |
(16.51
)% |
44.15
% |
11.40
% |
14.21
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.33
% |
0.33
% |
0.33
% |
0.33
% |
0.33
% |
Expenses
net of reimbursements |
0.32
% |
0.32
% |
0.32
% |
0.32
% |
0.32
% |
Net
Investment Income Before Reimbursements |
1.30
% |
1.20
% |
1.25
% |
1.67
% |
1.78
% |
Net
Investment Income Net of Reimbursements |
1.30
% |
1.20
% |
1.26
% |
1.68
% |
1.79
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
28
% |
46
% |
40
% |
66
% |
75
% |
Net
assets, end of period (thousands) |
$166,925 |
$171,980 |
$191,643 |
$89,052 |
$56,024 |
|
FlexShares®
STOXX®
Global ESG Select Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$117.54 |
$148.57 |
$106.02 |
$101.77 |
$91.61 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
2.42 |
2.24 |
2.03 |
1.72 |
2.05 |
Net
Realized and Unrealized Gain (Loss) |
14.27 |
(30.82
) |
42.38 |
4.26 |
10.12 |
Total
from Operations |
16.69 |
(28.58
) |
44.41 |
5.98 |
12.17 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(2.22
) |
(2.45
) |
(1.86
) |
(1.73
) |
(2.01
) |
Total
from Distributions |
(2.22
) |
(2.45
) |
(1.86
) |
(1.73
) |
(2.01
) |
Net
Asset Value, end of period |
$132.01 |
$117.54 |
$148.57 |
$106.02 |
$101.77 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
14.17
% |
(19.35
)% |
42.10
% |
6.03
% |
13.49
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.43
% |
0.43
% |
0.43
% |
0.43
% |
0.43
% |
Expenses
net of reimbursements |
0.42
% |
0.42
% |
0.42
% |
0.42
% |
0.42
% |
Net
Investment Income Before Reimbursements |
1.82
% |
1.69
% |
1.50
% |
1.66
% |
2.15
% |
Net
Investment Income Net of Reimbursements |
1.83
% |
1.69
% |
1.51
% |
1.66
% |
2.16
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
35
% |
54
% |
48
% |
58
% |
66
% |
Net
assets, end of period (thousands) |
$151,816 |
$146,925 |
$185,717 |
$111,323 |
$91,590 |
|
FlexShares®
ESG
& Climate US Large Cap Core Index Fund | ||||
|
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 |
For
the period
09/20/21*
through
10/31/21 | ||
Net
asset value, beginning of period |
$44.21 |
$53.39 |
$50.00 | ||
PER
SHARE |
|
|
| ||
Investment
Operations |
|
|
| ||
Net
Investment Income(a) |
0.77 |
0.70 |
0.06 | ||
Net
Realized and Unrealized Gain (Loss) |
3.35 |
(9.25
) |
3.33 | ||
Total
from Operations |
4.12 |
(8.55
) |
3.39 | ||
Distributions |
|
|
| ||
Net
Investment Income |
(0.72
) |
(0.62
) |
— | ||
From
Net Realized Gains |
— |
(0.01
) |
— | ||
Total
from Distributions |
(0.72
) |
(0.63
) |
— | ||
Net
Asset Value, end of period |
$47.61 |
$44.21 |
$53.39 | ||
Total
Return(b) |
|
|
| ||
Net
Asset Value(d) |
9.33
% |
(16.09
)% |
6.78
% | ||
RATIOS/SUPPLEMENT
DATA |
|
|
| ||
Ratios
to Average Net Assets(c) |
|
| |||
Expenses |
0.10
% |
0.10
% |
0.09
% | ||
Expenses
net of reimbursements |
0.09
% |
0.09
% |
0.09
% | ||
Net
Investment Income Before Reimbursements |
1.61
% |
1.53
% |
0.96
% | ||
Net
Investment Income Net of Reimbursements |
1.61
% |
1.53
% |
0.96
% | ||
Supplemental
Data |
|
|
| ||
Portfolio
Turnover Rate(b)(e) |
16
% |
18
% |
—
%(g) | ||
Net
assets, end of period (thousands) |
$36,896 |
$22,103 |
$2,669 |
|
FlexShares®
ESG
& Climate Developed Markets ex-US Core Index
Fund | ||||
|
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 |
For
the period
09/20/21*
through
10/31/21 | ||
Net
asset value, beginning of period |
$38.15 |
$51.19 |
$50.00 | ||
PER
SHARE |
|
|
| ||
Investment
Operations |
|
|
| ||
Net
Investment Income(a) |
1.38 |
1.44 |
0.16 | ||
Net
Realized and Unrealized Gain (Loss) |
3.31 |
(13.28
) |
1.03 | ||
Total
from Operations |
4.69 |
(11.84
) |
1.19 | ||
Distributions |
|
|
| ||
Net
Investment Income |
(1.19
) |
(1.20
) |
— | ||
Total
from Distributions |
(1.19
) |
(1.20
) |
— | ||
Net
Asset Value, end of period |
$41.65 |
$38.15 |
$51.19 | ||
Total
Return(b) |
|
|
| ||
Net
Asset Value(d) |
12.08
% |
(23.36
)% |
2.38
% | ||
RATIOS/SUPPLEMENT
DATA |
|
|
| ||
Ratios
to Average Net Assets(c) |
|
| |||
Expenses |
0.13
% |
0.13
% |
0.12
% | ||
Expenses
net of reimbursements |
0.12
% |
0.12
% |
0.12
% | ||
Net
Investment Income Before Reimbursements |
3.09
% |
3.35
% |
2.72
% | ||
Net
Investment Income Net of Reimbursements |
3.09
% |
3.35
% |
2.72
% | ||
Supplemental
Data |
|
|
| ||
Portfolio
Turnover Rate(b)(e) |
32
% |
33
% |
—
%(g) | ||
Net
assets, end of period (thousands) |
$37,484 |
$17,169 |
$5,119 |
|
FlexShares®
ESG
& Climate Emerging Markets Core Index Fund | |||
|
Year
ended
October
31,
2023 |
For
the period
04/20/22*
through
10/31/22 | ||
Net
asset value, beginning of period |
$38.68 |
$50.00 | ||
PER
SHARE |
|
| ||
Investment
Operations |
|
| ||
Net
Investment Income(a) |
1.02 |
0.76 | ||
Net
Realized and Unrealized Gain (Loss) |
3.35 |
(11.42
) | ||
Total
from Operations |
4.37 |
(10.66
) | ||
Distributions |
|
| ||
Net
Investment Income |
(1.05
) |
(0.66
) | ||
Total
from Distributions |
(1.05
) |
(0.66
) | ||
Net
Asset Value, end of period |
$42.00 |
$38.68 | ||
Total
Return(b) |
|
| ||
Net
Asset Value(d) |
11.14
% |
(21.47
)% | ||
RATIOS/SUPPLEMENT
DATA |
|
| ||
Ratios
to Average Net Assets(c) |
|
|
| |
Expenses |
0.19
% |
0.19
% | ||
Expenses
net of reimbursements |
0.18
% |
0.18
% | ||
Net
Investment Income Before Reimbursements |
2.27
% |
3.15
% | ||
Net
Investment Income Net of Reimbursements |
2.27
% |
3.15
% | ||
Supplemental
Data |
|
| ||
Portfolio
Turnover Rate(b)(e) |
36
% |
18
% | ||
Net
assets, end of period (thousands) |
$4,200 |
$3,868 |
|
FlexShares®
Morningstar Global Upstream Natural Resources Index
Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$41.35 |
$38.66 |
$26.71 |
$31.40 |
$31.51 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.46 |
1.88 |
1.44 |
0.89 |
1.08 |
Net
Realized and Unrealized Gain (Loss) |
(3.01
) |
2.76 |
11.72 |
(4.65
) |
(0.09
) |
Total
from Operations |
(1.55
) |
4.64 |
13.16 |
(3.76
) |
0.99 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.24
) |
(1.95
) |
(1.21
) |
(0.93
) |
(1.10
) |
Total
from Distributions |
(1.24
) |
(1.95
) |
(1.21
) |
(0.93
) |
(1.10
) |
Net
Asset Value, end of period |
$38.56 |
$41.35 |
$38.66 |
$26.71 |
$31.40 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
(3.92
)% |
12.20
% |
49.70
% |
(11.87
)% |
3.16
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
Expenses
net of reimbursements |
0.46
% |
0.46
% |
0.46
% |
0.46
% |
0.46
% |
Net
Investment Income Before Reimbursements |
3.48
% |
4.48
% |
3.95
% |
3.03
% |
3.40
% |
Net
Investment Income Net of Reimbursements |
3.48
% |
4.48
% |
3.95
% |
3.04
% |
3.41
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
27
% |
32
% |
28
% |
29
% |
24
% |
Net
assets, end of period (thousands) |
$6,925,286 |
$6,834,852 |
$6,052,710 |
$2,924,726 |
$5,510,201 |
|
FlexShares®
STOXX®
Global Broad Infrastructure Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$48.32 |
$57.73 |
$48.10 |
$52.56 |
$45.09 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.40 |
1.35 |
1.38 |
1.25 |
1.35 |
Net
Realized and Unrealized Gain (Loss) |
(0.73
) |
(9.27
) |
9.57 |
(4.53
) |
7.34 |
Total
from Operations |
0.67 |
(7.92
) |
10.95 |
(3.28
) |
8.69 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.23
) |
(1.49
) |
(1.32
) |
(1.18
) |
(1.22
) |
Total
from Distributions |
(1.23
) |
(1.49
) |
(1.32
) |
(1.18
) |
(1.22
) |
Net
Asset Value, end of period |
$47.76 |
$48.32 |
$57.73 |
$48.10 |
$52.56 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
1.24
% |
(13.92
)% |
22.85
% |
(6.23
)% |
19.52
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
Expenses
net of reimbursements |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
Net
Investment Income Before Reimbursements |
2.74
% |
2.51
% |
2.45
% |
2.51
% |
2.73
% |
Net
Investment Income Net of Reimbursements |
2.74
% |
2.51
% |
2.45
% |
2.52
% |
2.74
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
12
% |
16
% |
13
% |
13
% |
12
% |
Net
assets, end of period (thousands) |
$2,025,181 |
$2,500,518 |
$2,643,906 |
$1,856,596 |
$1,477,030 |
|
FlexShares®
Global Quality Real Estate Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$52.12 |
$70.35 |
$50.88 |
$66.60 |
$57.96 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.50 |
1.67 |
1.38 |
1.43 |
1.76 |
Net
Realized and Unrealized Gain (Loss) |
(5.09
) |
(17.88
) |
19.13 |
(14.62
) |
8.68 |
Total
from Operations |
(3.59
) |
(16.21
) |
20.51 |
(13.19
) |
10.44 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.48
) |
(1.99
) |
(1.04
) |
(2.50
) |
(1.80
) |
Tax
Return of Capital |
— |
(0.03
) |
— |
(0.03
) |
— |
Total
from Distributions |
(1.48
) |
(2.02
) |
(1.04
) |
(2.53
) |
(1.80
) |
Net
Asset Value, end of period |
$47.05 |
$52.12 |
$70.35 |
$50.88 |
$66.60 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
(7.16
)% |
(23.51
)% |
40.58
% |
(20.29
)% |
18.37
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.46
% |
0.46
% |
0.46
% |
0.46
% |
0.46
% |
Expenses
net of reimbursements |
0.45
% |
0.45
% |
0.45
% |
0.45
% |
0.45
% |
Net
Investment Income Before Reimbursements |
2.83
% |
2.63
% |
2.16
% |
2.53
% |
2.80
% |
Net
Investment Income Net of Reimbursements |
2.83
% |
2.63
% |
2.17
% |
2.54
% |
2.81
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
49
% |
54
% |
52
% |
56
% |
53
% |
Net
assets, end of period (thousands) |
$244,673 |
$328,381 |
$418,597 |
$264,574 |
$376,264 |
|
FlexShares®
Real Assets Allocation Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$28.86 |
$33.67 |
$25.72 |
$30.30 |
$26.45 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.73 |
0.93 |
0.83 |
0.86 |
0.76 |
Net
Realized and Unrealized Gain (Loss) |
(1.21
) |
(4.72
) |
7.78 |
(4.58
) |
3.85 |
Total
from Operations |
(0.48
) |
(3.79
) |
8.61 |
(3.72
) |
4.61 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.76
) |
(1.02
) |
(0.66
) |
(0.86
) |
(0.76
) |
Total
from Distributions |
(0.76
) |
(1.02
) |
(0.66
) |
(0.86
) |
(0.76
) |
Net
Asset Value, end of period |
$27.62 |
$28.86 |
$33.67 |
$25.72 |
$30.30 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
(1.78
)% |
(11.49
)% |
33.66
% |
(12.45
)% |
17.69
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.57
%(h) |
0.58
%(h) |
0.58
%(h) |
0.58
%(h) |
0.58
%(h) |
Expenses
net of reimbursements |
0.10
%(h) |
0.11
%(h) |
0.12
%(h) |
0.11
%(h) |
0.11
%(h) |
Net
Investment Income Before Reimbursements |
1.96
% |
2.40
% |
2.07
% |
2.65
% |
2.22
% |
Net
Investment Income Net of Reimbursements |
2.42
% |
2.86
% |
2.53
% |
3.11
% |
2.69
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
11
% |
7
% |
40
% |
14
% |
4
% |
Net
assets, end of period (thousands) |
$16,573 |
$28,865 |
$30,300 |
$4,502 |
$11,361 |
|
FlexShares®
Quality Dividend Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$52.28 |
$58.35 |
$43.40 |
$46.33 |
$44.53 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.36 |
1.25 |
1.16 |
1.24 |
1.24 |
Net
Realized and Unrealized Gain (Loss) |
2.05 |
(6.05
) |
14.89 |
(2.67
) |
2.29 |
Total
from Operations |
3.41 |
(4.80
) |
16.05 |
(1.43
) |
3.53 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.28
) |
(1.27
) |
(1.10
) |
(1.25
) |
(1.19
) |
From
Net Realized Gains |
— |
— |
— |
(0.25
) |
(0.54
) |
Total
from Distributions |
(1.28
) |
(1.27
) |
(1.10
) |
(1.50
) |
(1.73
) |
Net
Asset Value, end of period |
$54.41 |
$52.28 |
$58.35 |
$43.40 |
$46.33 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
6.52
% |
(8.29
)% |
37.27
% |
(2.98
)% |
8.45
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
Expenses
net of reimbursements |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
Net
Investment Income Before Reimbursements |
2.45
% |
2.24
% |
2.16
% |
2.79
% |
2.80
% |
Net
Investment Income Net of Reimbursements |
2.45
% |
2.24
% |
2.16
% |
2.79
% |
2.81
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
51
% |
40
% |
51
% |
75
% |
95
% |
Net
assets, end of period (thousands) |
$1,478,273 |
$1,522,730 |
$1,642,545 |
$1,265,177 |
$1,707,344 |
|
FlexShares®
Quality Dividend Defense Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$50.61 |
$56.01 |
$42.61 |
$46.25 |
$44.46 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.29 |
1.16 |
1.09 |
1.21 |
1.22 |
Net
Realized and Unrealized Gain (Loss) |
2.66 |
(5.35
) |
13.39 |
(3.28
) |
3.35 |
Total
from Operations |
3.95 |
(4.19
) |
14.48 |
(2.07
) |
4.57 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.24
) |
(1.21
) |
(1.08
) |
(1.21
) |
(1.14
) |
From
Net Realized Gains |
— |
— |
— |
(0.36
) |
(1.64
) |
Total
from Distributions |
(1.24
) |
(1.21
) |
(1.08
) |
(1.57
) |
(2.78
) |
Net
Asset Value, end of period |
$53.32 |
$50.61 |
$56.01 |
$42.61 |
$46.25 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
7.82
% |
(7.53
)% |
34.28
% |
(4.45
)% |
11.40
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
Expenses
net of reimbursements |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
Net
Investment Income Before Reimbursements |
2.39
% |
2.16
% |
2.10
% |
2.77
% |
2.76
% |
Net
Investment Income Net of Reimbursements |
2.40
% |
2.16
% |
2.11
% |
2.77
% |
2.76
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
51
% |
47
% |
57
% |
76
% |
91
% |
Net
assets, end of period (thousands) |
$313,231 |
$345,444 |
$448,058 |
$411,173 |
$450,963 |
|
FlexShares®
International Quality Dividend Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$18.47 |
$25.77 |
$20.15 |
$23.06 |
$22.37 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.12 |
1.15 |
0.97 |
0.79 |
1.13 |
Net
Realized and Unrealized Gain (Loss) |
2.14 |
(7.23
) |
5.55 |
(2.86
) |
0.70 |
Total
from Operations |
3.26 |
(6.08
) |
6.52 |
(2.07
) |
1.83 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.03
) |
(1.22
) |
(0.90
) |
(0.84
) |
(1.14
) |
Total
from Distributions |
(1.03
) |
(1.22
) |
(0.90
) |
(0.84
) |
(1.14
) |
Net
Asset Value, end of period |
$20.70 |
$18.47 |
$25.77 |
$20.15 |
$23.06 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
17.45
% |
(24.11
)% |
32.42
% |
(8.94
)% |
8.41
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.49
% |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
Expenses
net of reimbursements |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
Net
Investment Income Before Reimbursements |
5.13
% |
5.11
% |
3.80
% |
3.68
% |
4.98
% |
Net
Investment Income Net of Reimbursements |
5.14
% |
5.11
% |
3.81
% |
3.68
% |
4.98
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
49
% |
69
% |
68
% |
74
% |
71
% |
Net
assets, end of period (thousands) |
$498,876 |
$432,097 |
$616,007 |
$453,477 |
$774,685 |
|
FlexShares®
International Quality Dividend Defensive Index
Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$17.63 |
$23.82 |
$19.16 |
$21.87 |
$21.39 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.93 |
0.99 |
0.93 |
0.74 |
1.09 |
Net
Realized and Unrealized Gain (Loss) |
1.32 |
(6.14
) |
4.62 |
(2.70
) |
0.51 |
Total
from Operations |
2.25 |
(5.15
) |
5.55 |
(1.96
) |
1.60 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.95
) |
(1.04
) |
(0.89
) |
(0.75
) |
(1.12
) |
Total
from Distributions |
(0.95
) |
(1.04
) |
(0.89
) |
(0.75
) |
(1.12
) |
Net
Asset Value, end of period |
$18.93 |
$17.63 |
$23.82 |
$19.16 |
$21.87 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
12.54
% |
(22.06
)% |
29.03
% |
(8.92
)% |
7.66
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
Expenses
net of reimbursements |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
Net
Investment Income Before Reimbursements |
4.67
% |
4.62
% |
3.91
% |
3.65
% |
5.02
% |
Net
Investment Income Net of Reimbursements |
4.67
% |
4.62
% |
3.92
% |
3.66
% |
5.03
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
67
% |
65
% |
65
% |
75
% |
63
% |
Net
assets, end of period (thousands) |
$26,503 |
$40,545 |
$71,459 |
$59,404 |
$78,719 |
|
FlexShares®
International Quality Dividend Dynamic Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$21.31 |
$30.39 |
$22.38 |
$24.94 |
$23.51 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.28 |
1.45 |
1.28 |
0.70 |
1.05 |
Net
Realized and Unrealized Gain (Loss) |
2.91 |
(9.01
) |
7.63 |
(2.45
) |
1.52 |
Total
from Operations |
4.19 |
(7.56
) |
8.91 |
(1.75
) |
2.57 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.16
) |
(1.52
) |
(0.90
) |
(0.81
) |
(1.14
) |
Total
from Distributions |
(1.16
) |
(1.52
) |
(0.90
) |
(0.81
) |
(1.14
) |
Net
Asset Value, end of period |
$24.34 |
$21.31 |
$30.39 |
$22.38 |
$24.94 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
19.39
% |
(25.48
)% |
39.87
% |
(6.99
)% |
11.30
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
0.48
% |
Expenses
net of reimbursements |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
0.47
% |
Net
Investment Income Before Reimbursements |
4.96
% |
5.49
% |
4.24
% |
2.90
% |
4.36
% |
Net
Investment Income Net of Reimbursements |
4.96
% |
5.49
% |
4.25
% |
2.91
% |
4.37
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
78
% |
74
% |
72
% |
85
% |
88
% |
Net
assets, end of period (thousands) |
$65,714 |
$61,788 |
$75,975 |
$22,376 |
$47,391 |
|
FlexShares®
iBoxx 3-Year Target Duration TIPS Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$23.58 |
$26.38 |
$25.73 |
$24.58 |
$23.81 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.96 |
1.72 |
1.09 |
0.33 |
0.46 |
Net
Realized and Unrealized Gain (Loss) |
(0.52
) |
(2.83
) |
0.68 |
1.09 |
0.79 |
Total
from Operations |
0.44 |
(1.11
) |
1.77 |
1.42 |
1.25 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.85
) |
(1.66
) |
(1.12
) |
(0.27
) |
(0.48
) |
Tax
Return of Capital |
— |
(0.03
) |
— |
— |
— |
Total
from Distributions |
(0.85
) |
(1.69
) |
(1.12
) |
(0.27
) |
(0.48
) |
Net
Asset Value, end of period |
$23.17 |
$23.58 |
$26.38 |
$25.73 |
$24.58 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
1.84
% |
(4.44
)% |
6.95
% |
5.81
% |
5.30
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.19
% |
0.19
% |
0.19
% |
0.19
% |
0.19
% |
Expenses
net of reimbursements |
0.18
% |
0.18
% |
0.18
% |
0.18
% |
0.18
% |
Net
Investment Income Before Reimbursements |
4.08
% |
6.82
% |
4.14
% |
1.33
% |
1.89
% |
Net
Investment Income Net of Reimbursements |
4.08
% |
6.83
% |
4.15
% |
1.33
% |
1.89
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
63
% |
116
% |
53
% |
71
% |
52
% |
Net
assets, end of period (thousands) |
$1,927,923 |
$2,157,939 |
$1,437,584 |
$1,429,491 |
$1,178,722 |
|
FlexShares®
iBoxx 5-Year Target Duration TIPS Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$23.63 |
$28.02 |
$27.34 |
$25.50 |
$23.95 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.01 |
1.83 |
1.16 |
0.36 |
0.44 |
Net
Realized and Unrealized Gain (Loss) |
(1.01
) |
(4.35
) |
0.70 |
1.76 |
1.59 |
Total
from Operations |
0.00 |
(2.52
) |
1.86 |
2.12 |
2.03 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.87
) |
(1.84
) |
(1.18
) |
(0.28
) |
(0.48
) |
Tax
Return of Capital |
— |
(0.03
) |
— |
— |
— |
Total
from Distributions |
(0.87
) |
(1.87
) |
(1.18
) |
(0.28
) |
(0.48
) |
Net
Asset Value, end of period |
$22.76 |
$23.63 |
$28.02 |
$27.34 |
$25.50 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
(0.11
)% |
(9.46
)% |
6.88
% |
8.39
% |
8.53
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.19
% |
0.19
% |
0.19
% |
0.19
% |
0.19
% |
Expenses
net of reimbursements |
0.18
% |
0.18
% |
0.18
% |
0.18
% |
0.18
% |
Net
Investment Income Before Reimbursements |
4.26
% |
6.98
% |
4.17
% |
1.35
% |
1.77
% |
Net
Investment Income Net of Reimbursements |
4.27
% |
6.98
% |
4.17
% |
1.35
% |
1.78
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
52
% |
80
% |
46
% |
66
% |
41
% |
Net
assets, end of period (thousands) |
$811,550 |
$643,886 |
$714,479 |
$596,095 |
$557,185 |
|
FlexShares®
Disciplined Duration MBS Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$20.04 |
$23.42 |
$24.10 |
$23.55 |
$22.74 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.55 |
0.26 |
0.09 |
0.37 |
0.61 |
Net
Realized and Unrealized Gain (Loss) |
(0.34
) |
(3.07
) |
(0.16
) |
0.85 |
1.03 |
Total
from Operations |
0.21 |
(2.81
) |
(0.07
) |
1.22 |
1.64 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.66
) |
(0.57
) |
(0.61
) |
(0.67
) |
(0.83
) |
Total
from Distributions |
(0.66
) |
(0.57
) |
(0.61
) |
(0.67
) |
(0.83
) |
Net
Asset Value, end of period |
$19.59 |
$20.04 |
$23.42 |
$24.10 |
$23.55 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
0.98
% |
(12.16
)% |
(0.28
)% |
5.19
% |
7.36
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.21
% |
0.21
% |
0.21
% |
0.21
% |
0.21
% |
Expenses
net of reimbursements |
0.20
% |
0.20
% |
0.20
% |
0.20
% |
0.20
% |
Net
Investment Income Before Reimbursements |
2.70
% |
1.19
% |
0.35
% |
1.54
% |
2.64
% |
Net
Investment Income Net of Reimbursements |
2.70
% |
1.19
% |
0.36
% |
1.54
% |
2.65
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
46
% |
222
% |
476
% |
175
% |
61
% |
Net
assets, end of period (thousands) |
$74,424 |
$97,189 |
$111,243 |
$100,020 |
$35,330 |
|
FlexShares®
Credit-Scored US Corporate Bond Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$45.26 |
$53.52 |
$54.70 |
$52.58 |
$48.59 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
1.74 |
1.04 |
0.91 |
1.32 |
1.63 |
Net
Realized and Unrealized Gain (Loss) |
0.05 |
(7.83
) |
(0.51
) |
2.39 |
3.94 |
Total
from Operations |
1.79 |
(6.79
) |
0.40 |
3.71 |
5.57 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(1.67
) |
(1.06
) |
(0.96
) |
(1.37
) |
(1.58
) |
From
Net Realized Gains |
— |
(0.41
) |
(0.62
) |
(0.22
) |
— |
Total
from Distributions |
(1.67
) |
(1.47
) |
(1.58
) |
(1.59
) |
(1.58
) |
Net
Asset Value, end of period |
$45.38 |
$45.26 |
$53.52 |
$54.70 |
$52.58 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
3.92
% |
(12.91
)% |
0.70
% |
7.20
% |
11.66
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.23
% |
0.23
% |
0.23
% |
0.23
% |
0.23
% |
Expenses
net of reimbursements |
0.22
% |
0.22
% |
0.22
% |
0.22
% |
0.22
% |
Net
Investment Income Before Reimbursements |
3.74
% |
2.11
% |
1.68
% |
2.46
% |
3.20
% |
Net
Investment Income Net of Reimbursements |
3.74
% |
2.11
% |
1.69
% |
2.46
% |
3.21
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
121
% |
66
% |
53
% |
62
% |
65
% |
Net
assets, end of period (thousands) |
$274,550 |
$242,139 |
$315,740 |
$202,397 |
$97,275 |
|
FlexShares®
Credit-Scored US Long Corporate Bond Index Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
asset value, beginning of period |
$39.44 |
$60.85 |
$61.81 |
$57.84 |
$48.04 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
2.14 |
1.93 |
1.90 |
1.99 |
2.11 |
Net
Realized and Unrealized Gain (Loss) |
(1.33
) |
(20.48
) |
1.22 |
3.90 |
9.89 |
Total
from Operations |
0.81 |
(18.55
) |
3.12 |
5.89 |
12.00 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(2.15
) |
(1.92
) |
(1.88
) |
(1.92
) |
(2.20
) |
From
Net Realized Gains |
— |
(0.94
) |
(2.20
) |
— |
— |
Total
from Distributions |
(2.15
) |
(2.86
) |
(4.08
) |
(1.92
) |
(2.20
) |
Net
Asset Value, end of period |
$38.10 |
$39.44 |
$60.85 |
$61.81 |
$57.84 |
Total
Return |
|
|
|
|
|
Net
Asset Value(d) |
1.59
%(i) |
(31.58
)% |
5.14
% |
10.34
% |
25.57
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets |
|
|
|
|
|
Expenses |
0.23
% |
0.23
% |
0.23
% |
0.23
% |
0.23
% |
Expenses
net of reimbursements |
0.22
% |
0.22
% |
0.22
% |
0.22
% |
0.22
% |
Net
Investment Income Before Reimbursements |
5.01
% |
3.86
% |
3.13
% |
3.27
% |
4.06
% |
Net
Investment Income Net of Reimbursements |
5.02
% |
3.86
% |
3.14
% |
3.28
% |
4.07
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(e) |
103
% |
58
% |
88
% |
74
% |
44
% |
Net
assets, end of period (thousands) |
$28,575 |
$35,498 |
$60,855 |
$46,360 |
$17,352 |
|
FlexShares®
High Yield Value-Scored Bond Index Fund | |||||
|
Year
ended October 31, |
2019 | ||||
|
2023 |
2022 |
2021 |
2020 | ||
Net
asset value, beginning of period |
$40.09 |
$49.58 |
$46.25 |
$47.85 |
$48.84 | |
PER
SHARE |
|
|
|
|
| |
Investment
Operations |
|
|
|
|
| |
Net
Investment Income(a) |
3.57 |
2.98 |
2.67 |
3.12 |
2.67 | |
Net
Realized and Unrealized Gain (Loss) |
(1.40
) |
(9.24
) |
3.42 |
(1.77
) |
0.78 | |
Total
from Operations |
2.17 |
(6.26
) |
6.09 |
1.35 |
3.45 | |
Distributions |
|
|
|
|
| |
Net
Investment Income |
(3.52
) |
(2.86
) |
(2.76
) |
(2.95
) |
(3.57
) | |
From
Net Realized Gains |
— |
(0.37
) |
— |
— |
— | |
Tax
Return of Capital |
— |
— |
— |
— |
(0.87
) | |
Total
from Distributions |
(3.52
) |
(3.23
) |
(2.76
) |
(2.95
) |
(4.44
) | |
Net
Asset Value, end of period |
$38.74 |
$40.09 |
$49.58 |
$46.25 |
$47.85 | |
Total
Return |
|
|
|
|
| |
Net
Asset Value(d) |
5.45
%(j) |
(13.06
)% |
13.38
% |
3.07
% |
7.48
% | |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
| |
Ratios
to Average Net Assets(c) |
| |||||
Expenses |
0.38
% |
0.38
% |
0.38
% |
0.38
% |
0.38
% | |
Expenses
net of reimbursements |
0.37
% |
0.37
% |
0.37
% |
0.37
% |
0.37
% | |
Net
Investment Income Before Reimbursements |
8.90
% |
6.81
% |
5.40
% |
6.78
% |
5.56
% | |
Net
Investment Income Net of Reimbursements |
8.91
% |
6.81
% |
5.40
% |
6.78
% |
5.57
% | |
Supplemental
Data |
|
|
|
|
| |
Portfolio
Turnover Rate(e) |
167
% |
146
% |
128
% |
95
% |
44
% | |
Net
assets, end of period (thousands) |
$1,222,307 |
$887,945 |
$575,184 |
$189,623 |
$100,480 |
|
FlexShares®
ESG
& Climate Investment Grade Corporate Core Index
Fund | |||
|
Year
ended
October
31, 2023 |
Year
ended
October
31, 2022 |
For
the period
09/20/21*
through
10/31/21 | |
Net
asset value, beginning of period |
$38.59 |
$49.35 |
$50.00 | |
PER
SHARE |
|
|
| |
Investment
Operations |
|
|
| |
Net
Investment Income(a) |
1.61 |
1.07 |
0.10 | |
Net
Realized and Unrealized Gain (Loss) |
(0.62
) |
(10.68
) |
(0.75
) | |
Total
from Operations |
0.99 |
(9.61
) |
(0.65
) | |
Distributions |
|
|
| |
Net
Investment Income |
(1.62
) |
(1.15
) |
— | |
Total
from Distributions |
(1.62
) |
(1.15
) |
— | |
Net
Asset Value, end of period |
$37.96 |
$38.59 |
$49.35 | |
Total
Return(b) |
|
|
| |
Net
Asset Value(d) |
2.41
% |
(19.73
)% |
(1.32
)% | |
RATIOS/SUPPLEMENT
DATA |
|
|
| |
Ratios
to Average Net Assets(c) |
|
| ||
Expenses |
0.13
% |
0.13
% |
0.12
% | |
Expenses
net of reimbursements |
0.12
% |
0.12
% |
0.12
% | |
Net
Investment Income Before Reimbursements |
4.00
% |
2.41
% |
1.81
% | |
Net
Investment Income Net of Reimbursements |
4.00
% |
2.41
% |
1.81
% | |
Supplemental
Data |
|
|
| |
Portfolio
Turnover Rate(b)(e) |
87
% |
66
% |
8
% | |
Net
assets, end of period (thousands) |
$24,672 |
$23,156 |
$49,347 |