QLVE Fees and Costs — FlexShares Emerging Markets Quality Low Volatility Index Fund
Data updated: 2026-09-25
The net expense ratio is 0.18%: a 0.18% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0298% of average net assets, and portfolio turnover was 48%.
QLVE Fees and Expenses
Annual operating expenses and sales charges of QLVE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.18% |
| 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 |
QLVE Costs Over Time
On $10,000 invested in QLVE, assuming 5% a year before costs, total costs come to $133 over 5 years, cutting the return by 0.22% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $133 |
| Value after costs | $10,478 | $11,504 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
QLVE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0298%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $6K
- Net income from securities lending: $0 (0.000% of average net assets)
QLVE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 41.32% |
| UBS Securities LLC | $2K | 38.50% |
| HSBC Securities (USA) Inc. | $259 | 6.56% |
| Macquarie Capital (USA) Inc. | $227 | 5.73% |
| J.P. Morgan Securities LLC | $153 | 3.86% |
| Citigroup Global Markets Inc. | $62 | 1.58% |
| CLSA Americas, LLC | $43 | 1.07% |
| Scotia Capital (USA) Inc. | $27 | 0.69% |
| Sanford C. Bernstein & Co., LLC | $15 | 0.37% |
| Credit Agricole Securities (USA) Inc. | $13 | 0.32% |
QLVE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.3M | 71.02% |
| UBS Securities LLC | $265K | 14.49% |
| BofA Securities, Inc. | $256K | 13.98% |
| Morgan Stanley & Co. LLC | $9K | 0.51% |
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.