Fund |
Ticker |
Stock
Exchange |
FlexShares®
Ultra-Short Income Fund |
RAVI |
NYSE
Arca, Inc. |
FlexShares®
Core Select Bond Fund |
BNDC |
NYSE
Arca, Inc. |
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 |
|
|
|
Bloomberg
1-3 Month U.S. Treasury Bill
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 |
|
Acquired
Fund Fees and Expenses(1) |
|
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.
Aggregate
Bond Index* |
|
|
|
— |
|
FlexShares®
Ultra-Short
Income Fund |
FlexShares®
Core
Select
Bond
Fund |
Asset-Backed
and Mortgage-Backed Securities Risk |
✓ |
✓ |
Authorized
Participant Concentration Risk |
✓ |
✓ |
Cash
Transactions Risk |
✓ |
|
Credit
(or Default) Risk |
✓ |
✓ |
Debt
Extension Risk |
✓ |
✓ |
Derivatives
Risk |
✓ |
✓ |
Emerging
Markets Risk |
✓ |
|
Foreign
Securities Risk |
✓ |
✓ |
Geographic
Risk |
✓ |
✓ |
Hedging
Risk |
|
✓ |
Income
Risk |
✓ |
✓ |
Interest
Rate/Maturity Risk |
✓ |
✓ |
Leveraging
Risk |
✓ |
|
Liquidity
Risk |
✓ |
✓ |
Management
Risk |
✓ |
✓ |
Market
Risk |
✓ |
✓ |
Market
Trading Risk |
✓ |
✓ |
Municipal
Market Volatility Risk |
✓ |
|
Prepayment
(or Call) Risk |
✓ |
✓ |
Securities
Lending Risk |
✓ |
✓ |
Sector
Risk |
✓ |
✓ |
|
FlexShares®
Ultra-Short
Income Fund |
FlexShares®
Core Select
Bond
Fund |
Underlying
Fund Risk |
|
✓ |
U.S.
Government Securities Risk |
✓ |
✓ |
Valuation
Risk |
✓ |
|
Fund |
Unitary
Management Fee
(as a
percentage of
the
Fund’s average
daily
net assets) |
FlexShares®
Ultra-Short
Income
Fund |
0.25% |
FlexShares®
Core Select
Bond
Fund |
0.35% |
|
Dividends
from Net Investment Income: | |
Fund |
Declared
and
Paid
Quarterly |
Declared
and
Paid
Monthly |
FlexShares®
Ultra-
Short
Income Fund |
|
✓ |
FlexShares®
Core
Select
Bond Fund |
|
✓ |
|
FlexShares®
Ultra-Short Income Fund | ||||
|
Year
ended October 31, | ||||
|
2023 |
2022 |
2021 |
2020 |
2019 |
Net
Asset Value, beginning of period |
$74.30 |
$76.01 |
$76.29 |
$75.89 |
$75.48 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
3.24 |
1.07 |
0.48 |
1.07 |
1.98 |
Net
Realized and Unrealized Gain (Loss) |
0.59 |
(1.80
) |
(0.22
) |
0.57 |
0.41 |
Total
from Operations |
3.83 |
(0.73
) |
0.26 |
1.64 |
2.39 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(3.02
) |
(0.78
) |
(0.52
) |
(1.23
) |
(1.98
) |
From
Net Realized Gains |
— |
(0.20
) |
(0.02
) |
(0.01
) |
— |
Total
from Distributions |
(3.02
) |
(0.98
) |
(0.54
) |
(1.24
) |
(1.98
) |
Net
Asset Value, end of period |
$75.11 |
$74.30 |
$76.01 |
$76.29 |
$75.89 |
Total
Return |
|
|
|
|
|
Net
Asset Value(b) |
5.27
% |
(0.94
)% |
0.34
% |
2.18
% |
3.21
% |
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 |
4.33
% |
1.43
% |
0.62
% |
1.41
% |
2.61
% |
Net
Investment Income Net of Reimbursements |
4.33
% |
1.43
% |
0.63
% |
1.41
% |
2.62
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(c) |
37
% |
50
% |
84
% |
79
% |
73
% |
Net
assets, end of period (thousands) |
$1,076,389 |
$856,357 |
$374,339 |
$469,201 |
$275,097 |
|
FlexShares®
Core Select Bond Fund | ||||
|
Year
ended October 31, |
2019 | |||
|
2023 |
2022 |
2021 |
2020 | |
Net
Asset Value, beginning of period |
$21.46 |
$26.22 |
$26.78 |
$25.66 |
$23.74 |
PER
SHARE |
|
|
|
|
|
Investment
Operations |
|
|
|
|
|
Net
Investment Income(a) |
0.65 |
0.53 |
0.46 |
0.51 |
0.73 |
Net
Realized and Unrealized Gain (Loss) |
(0.66
) |
(4.75
) |
(0.39
) |
1.19 |
1.93 |
Total
from Operations |
(0.01
) |
(4.22
) |
0.07 |
1.70 |
2.66 |
Distributions |
|
|
|
|
|
Net
Investment Income |
(0.66
) |
(0.54
) |
(0.52
) |
(0.58
) |
(0.74
) |
From
Net Realized Gains |
— |
— |
(0.11
) |
— |
— |
Total
from Distributions |
(0.66
) |
(0.54
) |
(0.63
) |
(0.58
) |
(0.74
) |
Net
Asset Value, end of period |
$20.79 |
$21.46 |
$26.22 |
$26.78 |
$25.66 |
Total
Return |
|
|
|
|
|
Net
Asset Value(b) |
(0.15
)% |
(16.27
)% |
0.26
% |
6.69
% |
11.38
% |
RATIOS/SUPPLEMENT
DATA |
|
|
|
|
|
Ratios
to Average Net Assets | |||||
Expenses |
0.36
%(d) |
0.36
%(d) |
0.36
%(d) |
0.36
%(d) |
0.36
%(d) |
Expenses
net of reimbursements |
0.25
%(d) |
0.22
%(d) |
0.20
%(d) |
0.20
%(d) |
0.19
%(d) |
Net
Investment Income Before Reimbursements |
2.87
% |
2.10
% |
1.56
% |
1.76
% |
2.80
% |
Net
Investment Income Net of Reimbursements |
2.98
% |
2.24
% |
1.72
% |
1.93
% |
2.97
% |
Supplemental
Data |
|
|
|
|
|
Portfolio
Turnover Rate(c) |
26
% |
121
% |
50
% |
91
% |
135
% |
Net
assets, end of period (thousands) |
$182,431 |
$159,362 |
$126,517 |
$109,123 |
$26,299 |