C000230180 Fees and Costs — FlexShares ESG & Climate High Yield Corporate Core Index Fund
Data updated: 2023-06-26
The net expense ratio is 0.23%: a 0.23% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 119%.
C000230180 Fees and Expenses
Annual operating expenses and sales charges of C000230180. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.24% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.23% |
| 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 |
C000230180 Costs Over Time
On $10,000 invested in C000230180, assuming 5% a year before costs, total costs come to $146 over 5 years, cutting the return by 0.24% 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 0.23%) | $24 | $76 | $133 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $80 | $146 |
| Value after costs | $10,476 | $11,497 | $12,617 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
C000230180 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $78.1M
- Portfolio turnover (prospectus): 119%
- Securities lending: none during the year
C000230180 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $40.9M | 52.50% |
| Jane Street Capital, LLC | $11.2M | 14.34% |
| J.P. Morgan Securities LLC | $10.2M | 13.13% |
| Goldman Sachs & Co. LLC | $5.1M | 6.54% |
| Jefferies LLC | $4.4M | 5.70% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4.4M | 5.60% |
| Flow Traders U.S. Institutional Trading LLC | $1.5M | 1.88% |
| Morgan Stanley & Co. LLC | $103K | 0.13% |
| BofA Securities, Inc. | $72K | 0.09% |
| MarketAxess Corporation | $66K | 0.08% |
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.