| Fund Description |
| The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Low Volatility Index (the "Underlying Index"). The Northern Trust US Quality Low Volatility Index (Underlying Index) is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to the Northern Trust 1250 Index, a float-adjusted market capitalization weighted index of U.S. domiciled large- and mid-capitalization companies. In addition, the Underlying Index looks to select companies from the Parent Index that exhibit financial strength and stability (i.e., quality) characteristics. The Underlying Index seeks to enhance risk-return characteristics and have lower volatility to the broader U.S. equity market. |
| Fund Profile |
| Fund Name |
Flexshares US Quality Low Volatility Index Fund |
| Fund Exchange Ticker |
QLV |
| Fund Sponsor |
Flexshares (Northern Trust) |
| Fund ISIN |
US33939L6544 |
| Net Expense Ratio |
0.22 % |
| Fund Inception Date |
15 July 2019 |
| Fund Legal Structure |
ETF (Open end fund) |
| Exchange |
NYSE Arca |
| Listing Country Code |
US |
| Fund Investment Objective |
| ETF Type Specific |
US Equities - Factor & Thematic |
| Asset Class |
Equities (Stocks) |
| Index Linked |
Passive |
| Index Name |
Northern Trust Quality Low Volatility Index |
| Index Provider |
Northern Trust |
| Currency Hedged |
No |
| Inverse / Leveraged |
Not Applicable |
| Developed / Emerging |
Developed Market Funds |
| Market Capitalization Range |
Broad Market / Multi-Cap |
| Growth Value |
Core / Blend |
| Continent |
North America |
| Key Statistics |
| Return As of Date |
17 March 2023 |
| Asset Under Management |
171.53 Million (USD) |
| 1 Month Total Return |
-3.97 % |
| Year To Date Return |
-1.80 % |
| 1 Year Total Return |
-11.04 % |
| 3 Year Annualized Total Return |
13.01 % |
| NAV |
49.36 |
| Share Outstanding |
3,475,000 |
| Top 10 Holdings (17 March 2023) |
| Constituent Name |
Constituent Ticker |
Constituent Type |
Weighting |
| MICROSOFT CORP COMMON STOCK USD 0.00000625 |
MSFT |
EQUI |
0.0687720000 |
| APPLE INC COMMON STOCK USD 0.00001 |
AAPL |
EQUI |
0.0538770000 |
| JOHNSON & JOHNSON COMMON STOCK USD 1 |
JNJ |
EQUI |
0.0295880000 |
| MERCK & CO INC COMMON STOCK USD 0.5 |
MRK |
EQUI |
0.0267020000 |
| HOME DEPOT INC/THE COMMON STOCK USD 0.05 |
HD |
EQUI |
0.0251180000 |
| VISA INC COMMON STOCK USD 0.0001 |
V |
EQUI |
0.0243190000 |
| ELI LILLY & CO COMMON STOCK USD 0 |
LLY |
EQUI |
0.0213060000 |
| PEPSICO INC COMMON STOCK USD 0.017 |
PEP |
EQUI |
0.0209910000 |
| PROCTER & GAMBLE CO/THE COMMON STOCK USD 0 |
PG |
EQUI |
0.0197590000 |
| BERKSHIRE HATHAWAY INC COMMON STOCK USD 0.0033 |
BRK/B |
EQUI |
0.0194660000 |