C000119638 Fees and Costs — FlexShares Quality Dividend Dynamic Index Fund
Data updated: 2023-06-26
The net expense ratio is 0.37%: a 0.37% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $351 in broker commissions, 0.0017% of average net assets, and portfolio turnover was 48%.
C000119638 Fees and Expenses
Annual operating expenses and sales charges of C000119638. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.37% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000119638 Costs Over Time
On $10,000 invested in C000119638, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $235 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
C000119638 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0017%
- Total broker commissions: $351
- Bought from dealers (principal trades, not a cost): $31.9M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $6K (0.030% of average net assets)
C000119638 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $206 | 58.71% |
| Virtu Americas LLC | $88 | 25.14% |
| BofA Securities, Inc. | $33 | 9.51% |
| Guzman & Company | $19 | 5.52% |
| J.P. Morgan Securities LLC | $3 | 0.94% |
| Academy Securities, Inc. | $1 | 0.15% |
| Morgan Stanley & Co. LLC | $0 | 0.03% |
C000119638 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $22.4M | 70.40% |
| J.P. Morgan Securities LLC | $6.7M | 21.06% |
| Citadel Securities LLC | $1.4M | 4.30% |
| RBC Capital Markets, LLC | $1.4M | 4.24% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.