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FlexShares ESG & Climate US Large Cap Core Index Fund

ETF
FEUS
Payout Change
Pending
Price as of:
$65.6975 -0.38 -0.58%
primary theme
N/A
FEUS (ETF)

FlexShares ESG & Climate US Large Cap Core Index Fund

Payout Change
Pending
Price as of:
$65.6975 -0.38 -0.58%
primary theme
N/A
FEUS (ETF)

FlexShares ESG & Climate US Large Cap Core Index Fund

Payout Change
Pending
Price as of:
$65.6975 -0.38 -0.58%
primary theme
N/A

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares ESG & Climate US Large Cap Core Index Fund

FEUS | ETF

$65.70

$72.6 M

1.59%

$1.05

0.10%

Vitals

YTD Return

0.0%

1 yr return

23.1%

3 Yr Avg Return

7.7%

5 Yr Avg Return

N/A

Net Assets

$72.6 M

Holdings in Top 10

37.8%

52 WEEK LOW AND HIGH

$66.1
$53.25
$68.44

Expenses

OPERATING FEES

Expense Ratio 0.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares ESG & Climate US Large Cap Core Index Fund

FEUS | ETF

$65.70

$72.6 M

1.59%

$1.05

0.10%

FEUS - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares ESG & Climate US Large Cap Core Index Fund
  • Fund Family Name
    N/A
  • Inception Date
    Sep 20, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Underlying Index is designed to reflect the performance of a selection of companies that exhibit certain environmental, social and governance (“ESG”) characteristics, while also seeking to provide broad-market, core exposure to publicly-traded U.S. large capitalization equity securities, i.e., the constitutents in the Northern Trust 600IndexSM (the “Starting Universe”), as measured by largest float adjusted market capitalization. The Underlying Index is designed to minimize tracking differences relative to the Starting Universe, while also seeking (a) an aggregate higher scoring of certain ESG characteristics, as measured by the Northern Trust ESG Vector Score (“ESG Vector Score”) described below, and (b) reduction of aggregate climate-related risk, as measured by certain carbon-related risk metrics, each relative to the Starting Universe. The Underlying Index also excludes certain companies by using controversial business involvement and norms-based screens. The Northern Trust 600 IndexSM is a float-adjusted market-capitalization weighted index of US domiciled companies.
NTI in its capacity as Index Provider (the “Index Provider”) applies an ESG Vector Score to each of the companies in the Starting Universe. The ESG Vector Score is
designed to rank companies based on their management of and exposure to material ESG metrics as defined by the Sustainability Accounting Standards Board (“SASB”) Standards and a corporate governance score for each company. NTI calculates and maintains ESG Vector Scores for companies using data from third-party data providers. The SASB Standards identify financially material ESG issues for a company based on its industry classification within the following five dimensions: (i) environmental; (ii) social capital; (iii) human capital; (iv) business model and innovation; and (v) leadership and governance. The preliminary ESG score is then adjusted up or down based on a quantitative assessment of how a company is managing the risks associated with those material ESG issues relative to its peers based on the recommendations of the Task Force on Climate-related Financial Disclosures to evaluate a company through governance, strategy and risk management lenses. The adjusted ESG score generates 80% of the ESG Vector Score. Finally, a distinct corporate governance score is applied to each company with respect to its (i) board and management quality and integrity; (ii) board structure; (iii) ownership and shareholder rights; (iv) remuneration; (v) financial reporting; and (vi) stakeholder governance, which generates 20% of the ESG Vector Score.
In addition to applying the ESG Vector Score, the Index Provider uses data from Institutional Shareholder Services ESG Solutions to assess carbon emissions intensity, carbon reserves and a carbon risk rating for each company. Carbon emissions intensity measures (i) direct greenhouse gas emissions from sources controlled or owned by the company (e.g., emissions associated with fuel combustion in boilers, furnaces, or vehicles); and (ii) indirect greenhouse gas emissions associated with the purchase of electricity, steam, heat or cooling against sales by the company. Carbon reserves measure the total estimated greenhouse gas emissions attributable to a company’s fossil fuel reserve assets. The ISS Carbon Risk Rating provides an assessment of a company’s ability to mitigate the risks of transition to a lower carbon economy based on its specific baseline carbon risk exposure.
At the time of each reconstitution of the Underlying Index, the Index Provider uses an optimization process to select and weight securities in the Starting Universe to seek to (i) minimize the potential for tracking differences for the Underlying Index; (ii) increase the aggregate ESG Vector
Score for the companies in the Underlying Index; (iii) reduce the aggregate carbon emissions intensity and aggregate carbon reserves of the companies in the Underlying Index; and (iv) improve the aggregate carbon risk rating of the companies in the Underlying Index, each relative to the Starting Universe. It is possible that the Underlying Index will include (and therefore the Fund could invest in) securities that, individually, have a low ESG Vector Score or high carbon-related risk relative to the aggregate ESG score or carbon-related risk of the Starting Universe. The optimization also includes constituent, liquidity, turnover, sector, industry group and weight constraints so that these characteristics in the Underlying Index vary within acceptable bands relative to the Starting Universe.
Certain eligible securities are excluded from the Underlying Index by the Index Provider, using proprietary screening definitions and data from Sustainalytics and other independent ESG data providers, which may change from time to time. Excluded companies include those which are involved in (i) verified infringement of established international initiatives and guidelines, including United Nations Global Compact Principles and Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Entities; (ii) the production of tobacco; and (iii) manufacturing of controversial weapons. Excluded companies also include those which derive a certain percentage of revenue (e.g., 5% or more) from (a) manufacturing of civilian firearms; (b) manufacture, retailing, and distribution of small arms (assault and non-assault) weapons or components; (c) manufacturing of conventional weapons or providing support services through military contracting; (d) thermal coal extraction; (e) coal-fired energy generation; (f) oil sands and shale; (g) arctic oil with weak management of carbon within their products and services; (h) the retail sale of tobacco and tobacco related products or services; and (i) the running of private prisons. The above-described exclusionary screens are applied with each reconstitution of the Underlying Index.
As of December 31, 2023, the Underlying Index was comprised of 152 constituents with market capitalizations ranging from $4.7 billion to $3.0 trillion. The Underlying Index will be reconstituted quarterly under normal market conditions. The Fund generally reconstitutes its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment
companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts and options on futures contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is created and sponsored by NTI, as the Index Provider. NTI also serves as the investment adviser to the Fund. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
The Fund is “non-diversified” under the Investment Company Act of 1940 (“1940 Act”), as amended, and may invest more of its assets in fewer issuers than “diversified” funds.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index was concentrated in the Information Technology sector. The components of the Underlying Index, and the degree to which these components represent certain industries or sectors, may change over time.
Read More

FEUS - Performance

Return Ranking - Trailing

Period FEUS Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -51.8% 22.1% 95.57%
1 Yr 23.1% -58.9% 46.9% N/A
3 Yr 7.7%* -25.7% 197.6% N/A
5 Yr N/A* -29.1% 93.8% N/A
10 Yr N/A* -17.2% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period FEUS Return Category Return Low Category Return High Rank in Category (%)
2024 21.6% -69.4% 53.7% N/A
2023 23.7% -94.0% 152.6% N/A
2022 -20.2% -13.9% 183.6% N/A
2021 N/A -18.2% 8.9% N/A
2020 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period FEUS Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -97.2% 22.1% 97.07%
1 Yr 23.1% -58.9% 67.6% N/A
3 Yr 7.7%* -25.7% 197.6% N/A
5 Yr N/A* -28.1% 93.8% N/A
10 Yr N/A* -11.8% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period FEUS Return Category Return Low Category Return High Rank in Category (%)
2024 23.1% -69.4% 53.7% N/A
2023 25.6% -94.0% 152.6% N/A
2022 -19.1% -13.9% 183.6% N/A
2021 N/A -12.8% 8.9% N/A
2020 N/A -60.0% 35.2% N/A

FEUS - Holdings

Concentration Analysis

FEUS Category Low Category High FEUS % Rank
Net Assets 72.6 M 177 K 1.21 T 95.23%
Number of Holdings 138 2 4154 35.68%
Net Assets in Top 10 25.8 M 1.74 K 270 B 93.78%
Weighting of Top 10 37.78% 1.8% 100.0% 67.23%

Top 10 Holdings

  1. NVIDIA Corp. 7.27%
  2. Apple, Inc. 6.93%
  3. Microsoft Corp. 6.39%
  4. Amazon.com, Inc. 4.19%
  5. Alphabet, Inc., Class A 2.76%
  6. Alphabet, Inc., Class C 2.49%
  7. Tesla, Inc. 2.26%
  8. JPMorgan Chase Co. 2.02%
  9. Visa, Inc., Class A 1.75%
  10. Meta Platforms, Inc., Class A 1.71%

Asset Allocation

Weighting Return Low Return High FEUS % Rank
Stocks 		98.84% 0.00% 130.24% 35.48%
Cash 		1.16% -102.29% 100.00% 62.03%
Other 		0.01% -13.91% 134.98% 13.14%
Preferred Stocks 		0.00% 0.00% 2.23% 12.38%
Convertible Bonds 		0.00% 0.00% 5.54% 7.54%
Bonds 		0.00% -0.04% 95.81% 8.85%

Stock Sector Breakdown

Weighting Return Low Return High FEUS % Rank
Utilities 		0.00% 0.00% 25.44% 53.43%
Technology 		0.00% 0.00% 48.94% 37.04%
Real Estate 		0.00% 0.00% 37.52% 50.63%
Industrials 		0.00% 0.00% 29.90% 68.07%
Healthcare 		0.00% 0.00% 60.70% 25.56%
Financial Services 		0.00% 0.00% 55.59% 45.17%
Energy 		0.00% 0.00% 41.64% 41.95%
Communication Services 		0.00% 0.00% 27.94% 28.78%
Consumer Defense 		0.00% 0.00% 49.14% 72.06%
Consumer Cyclical 		0.00% 0.00% 50.47% 55.95%
Basic Materials 		0.00% 0.00% 26.10% 74.37%

Stock Geographic Breakdown

Weighting Return Low Return High FEUS % Rank
US 		98.84% 0.00% 127.77% 16.74%
Non US 		0.00% 0.00% 33.51% 82.99%

FEUS - Expenses

Operational Fees

FEUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.10% 0.01% 2.95% 94.53%
Management Fee 0.09% 0.00% 2.00% 8.36%
12b-1 Fee N/A 0.00% 1.00% 1.58%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

FEUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FEUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FEUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% N/A

FEUS - Distributions

Dividend Yield Analysis

FEUS Category Low Category High FEUS % Rank
Dividend Yield 1.59% 0.00% 19.15% 16.69%

Dividend Distribution Analysis

FEUS Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

FEUS Category Low Category High FEUS % Rank
Net Income Ratio N/A -54.00% 6.06% N/A

Capital Gain Distribution Analysis

FEUS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FEUS - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Volter Bagriy

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Mr. Bagriy joined Northern Trust Investments, Inc. in 2014 and serves as a portfolio manager on the Global Index team.

Steven Santiccioli

Start Date

Tenure

Tenure Rank

Sep 20, 2021

0.69

0.7%

Steven J. Santiccioli, Vice President of Northern Trust Investments, Inc., has been a manager of the Fund since July 2007. Mr. Santiccioli joined NTI in 2003 and manages various quantitative equity portfolios. Previously, he joined Deutsche Bank in 1993, formerly serving as head of accounting group for international index portfolios. He also was a fund administrator for Equity and Fixed Income unit trusts for Chase Manhattan Bank. Steve earned a BA from Bucknell University and an MBA from Fordham University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.17 2.42

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