FlexShares Exchange Traded Funds, sponsored and managed by Northern Trust, begun trading the FlexShares US Quality Large Cap Index Fund (Nasdaq: QLC) on Thursday, September 24, 2015.
FUND INFORMATION:
| Symbol: GSLC | Exchange: Nasdaq |
| Name: FlexShares US Quality Large Cap Index Fund | Net Expense Ratio: 0.32% |
FUND OBJECTIVE:
The FlexShares US Quality Large Cap Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust US Quality Large Cap Index.
REFERENCE INDEX:
The Northern Trust US Quality Large Cap Index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly traded US large capitalization equity securities. The universe is comprised of the 600 largest companies in the Northern Trust 1250 Index, a float-adjusted market capitalization weighted index comprised of the 1250 largest U.S. domiciled companies by market capitalization.
Eligible securities are selected and the relative weightings of the securities are determined to optimize exposure to:
(i) companies that exhibit financial strength and stability relative to the broader universe of eligible securities, as measured through a proprietary scoring model;
(ii) securities trading at lower valuations; and
(iii) securities with positive momentum (i.e., the change in a company’s price or other metrics over a given period of time), each as determined by NTI in its capacity as the index provider pursuant to its index methodology. The Underlying Index is governed by published, objective rules for security selection, exclusion, rebalancing and adjustments for corporate actions. The Underlying Index is reconstituted on a quarterly basis. The Underlying Index is a new index, with an inception date of July 31, 2015.
As of July 31, 2015, the Underlying Index was comprised of 120 securities with a market capitalization ranging from $6.1 billion to $691.74 billion.
Top 10 Holdings (09/23/2015):
| APPLE INC AAPL (AAPL) | 4.95% |
| EXXON MOBIL CORP (XOM) | 2.86% |
| PFIZER INC (PFE) | 2.36% |
| INTEL CORP (INTC) | 2.11% |
| GILEAD SCIENCES INC (GILD) | 2.08% |
| CITIGROUP INC (C) | 2.02% |
| ALTRIA GROUP INC (MO) | 1.93% |
| CISCO SYSTEMS INC (CSCO) | 1.93% |
| UNITEDHEALTH GROUP INC (UNH) | 1.91% |
| CVS HEALTH CORP (CVS) | 1.88% |
Index Sector Breakdown (09/15/2015):
| Information Technology | 21.24% |
| Financials | 15.87% |
| Health Care | 12.90% |
| Consumer Discretionary | 11.87% |
| Industrials | 10.69% |
| Consumer Staples | 10.31% |
| Energy | 6.98% |
| Utilities | 4.62% |
| Materials | 4.42% |
| Telecommunication Services | 1.10% |
Useful Links:
QLC Home Page
Category: