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QDYN
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FlexShares Quality Dividend Dynamic Index Fund
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QDYN seeks to provide exposure to the long-term growth potential of U.S. securities while providing dividend payments. It is intended as a core stock market option that also helps investors try to meet their income needs. The strategy applies a proprietary scoring model approach that determines a "quality factor" and an optimization process that seeks to maximize this factor, target a beta higher than the Parent Index (Northern Trust 1250) and improve on the Parent Index's dividend yield. Dividend payments of income are anticipated quarterly with realized capital gains dividends anticipated at least annually.
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| Inception | 12/14/2012 |
| CUSIP | 33939L852 |
| Total Net Assets | $6,026,585.06 |
| Shares Outstanding | 200,001 |
| # of Holdings | 215 |
| Gross Expense Ratio | .38% |
| Net Expense Ratio | .37% |
| Index Provider | NORTHERN TRUST |
| Primary Exchange | NYSE |
| Options Available | N |
| Marginable | Y |
| Derivative Use | Y |
| Securities Lending | N |
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*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2014.
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| ETF Ticker | QDYN |
| Related Index | NTUQDDY |
| NAV | QDYN.NV |
| IOPV | QDYN.IV |
| Shares Outstanding | QDYN.SO |
| Estimated Cash | QDYN.EU |
| Total Cash | QDYN.TC |
| 30-Day SEC Yield(as of 05/31/2013) | 2.66% |
| Weighted Average Dividend Yield | 3.21% |
| Weighted Average Market Cap | 79,740,785,813.38 |
| Weighted Average Beta | 1.22 |
| Price to Earnings (as of 05/31/2013) | 20.34 |
| Price to Book (as of 05/31/2013) | 3.99 |
| Price to Cash Flow (as of 05/31/2013) | 11.79 |
| Price to Sales (as of 05/31/2013) | 2.14 |
| View Standardized Performance |
| % of Fund | |
| Large-Cap | 74.13 |
| Mid-Cap | 25.87 |
| Total | 100.00 |
| FlexShares Quality Dividend Dynamic Index Fund (QDYN) | |||||
| 1 Month | QTD | YTD | 1 Year | Since Inception 12/14/2012 |
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| Market Price | 1.15 | 4.89 | 18.56 | N/A | 19.87 |
| NAV | 1.99 | 4.86 | 18.50 | N/A | 19.71 |
| Northern Trust Quality Dividend Dynamic Index (NTUQDDYT) | 2.01 | 4.91 | 18.73 | N/A | 19.96 |
| Dow Jones US Select Dividend Total Return Index (DJDVY) | -1.31 | 1.91 | 13.91 | N/A | 14.53 |
| FlexShares Quality Dividend Dynamic Index Fund (QDYN) | |||||
| 1 Month | QTD | YTD | 1 Year | Since Inception 12/14/2012 |
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| Market Price | 4.16 | 13.03 | 13.03 | N/A | 14.28 |
| NAV | 4.20 | 13.00 | 13.00 | N/A | 14.16 |
| Northern Trust Quality Dividend Dynamic Index (NTUQDDYT) | 4.25 | 13.17 | 13.17 | N/A | 14.34 |
| Dow Jones US Select Dividend Total Return Index (DJDVY) | 4.83 | 11.78 | 11.78 | N/A | 12.39 |
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 12/19/2012, when the fund first traded on the New York Stock Exchange. 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.
| Gross Expense Ratio | .38% |
| Net Expense Ratio | .37% |
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.
| Price | $29.90 |
| Price $ Change | $.00 |
| Price % Change | .00% |
| Avg Bid/Ask Spread | $.22 |
| Bid/Ask Midpoint | $30.16 |
| Closing Bid Price | $30.05 |
| Closing Ask Price | $30.27 |
| Price | $30.13 |
| Price $ Change | $.20 |
| Price % Change | .67% |
| 52-Week High | $30.86 |
| 52-Week Low | $24.90 |
| Premium/Discount | $.03 |
| Daily Trading Volume (Shares) | 0 |
| Average Trading Volume (Shares) | 611 |
| Shares Outstanding | 200,001 |
| Name | Ticker | Fund Weight % | Sector | Market Cap | Country |
|---|---|---|---|---|---|
| WELLS FARGO & CO COM STK USD1 2/3 | WFC | 3.8658 | Financials | Large-Cap | |
| JPMORGAN CHASE & CO COM STK USD1 | JPM | 3.7109 | Financials | Large-Cap | |
| PFIZER INC COM STK USD0.05 | PFE | 3.5564 | Health Care | Large-Cap | |
| VERIZON COMMUNICATIONS INC COM STK USD0.10 | VZ | 3.1822 | Telecommunication Services | Large-Cap | |
| MERCK & CO INC(NEW) COM STK USD0.50 | MRK | 2.3759 | Health Care | Large-Cap | |
| ALTRIA GROUP INC COM STK USD0.333 | MO | 2.2171 | Consumer Staples | Large-Cap | |
| MICROSOFT CORP COM STK USD0.00000625 | MSFT | 2.1111 | Information Technology | Large-Cap | |
| CONOCOPHILLIPS USD0.01 | COP | 2.0272 | Energy | Large-Cap | |
| CHEVRON CORP COM STK USD0.75 | CVX | 2.0209 | Energy | Large-Cap | |
| EXXON MOBIL CORP COM STK NPV | XOM | 1.9721 | Energy | Large-Cap | |
| Ex-Date | Record Date | Payable Date | Income | Short-Term Capital Gains | Long-Term Capital Gains | Total Distribution |
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| 03/01/2013 | 03/05/2013 | 03/07/2013 | .104893 | 0 | 0 | .104893 |
| 06/03/2013 | 06/05/2013 | 06/07/2013 | .158411 | 0 | 0 | .158411 |
| 09/03/2013 | 09/05/2013 | 09/09/2013 | ||||
| 12/02/2013 | 12/04/2013 | 12/06/2013 | ||||
| 12/27/2013 | 12/31/2013 | 01/03/2014 |
The Northern Trust Quality Dividend Dynamic Index is designed to provide exposure to a high-quality income-oriented portfolio of long-only U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall beta that is generally between 1.0 to 1.5 times that of the Northern Trust 1250 Index (Parent Index). Companies included in the index are selected based on expected dividend payment and fundamental factors such as profitability, solid management, and reliable cash flow.
Carefully consider the FlexShares Funds’ investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the prospectus, which may be obtained by calling 1-855-353-9383 (1-855 FlexETF) or by downloading a Prospectus. Read the prospectus carefully before investing; investing involves risk, including possible loss of principal.
Investment Products and Services are:
An investment in FlexShares is subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of its respective index. The Funds may invest in emerging and foreign markets, derivatives and concentrated sectors. In addition, the Funds may be subject to asset class risk, small cap stock risk, value investing risk, non-diversification risk, fluctuation of yield, income risk, interest rate/maturity risk, currency risk, passive investment risk, inflation protected security risk, market risk and manager risk. For a complete description of risks associated with each Fund, please refer to the prospectus.
FlexShares Quality Dividend Dynamic Index Fund is passively managed and uses a representative sampling strategy to track its Underlying Index. Use of a representative sampling strategy creates Tracking Risk where the Fund’s performance could vary substantially from the performance of the Underlying Index. Additionally, the Fund is at increased Dividend Risk, as the issuers of the underlying stock might not declare a dividend, or the dividend rate may not remain at current levels. The Fund is also is at increased risk of Industry Concentration, where it may be more than 25% invested in the assets of a single industry. Finally, the Fund may also be subject to increased Volatility Risk, where volatility may not equal the target of the Underlying Index.Shares of FlexShares may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.
All registered investment companies, including FlexShares, are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading FlexShares Funds will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.
The FlexShares Funds, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 (“Funds”) are distributed by Foreside Fund Services, LLC , not affiliated with Northern Trust.
© Northern Trust 2013