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FLEXSHARES QUALITY DIVIDEND INDEX FUND
FLEXSHARES QUALITY DIVIDEND INDEX FUND. Institutional holdings reported to the SEC.

Institutional Holders (2016Q4)
Portfolio Summary: 61 Institutional holders with a total value of $1,389,534,470.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 NORTHERN TRUST CORP 20,167,012 795,791,000 57.27%
2 TIAA CREF TRUST CO FSB/MO 5,587,281 220,474,000 15.87%
3 RiverFront Investment Group, LLC 4,648,543 183,431,000 13.20%
4 RAYMOND JAMES & ASSOCIATES 1,134,965 44,786,000 3.22%
5 Alaska Permanent Capital Management, LLC 668,415 26,375,000 1.90%
6 BB&T SECURITIES, LLC 355,534 13,456,000 0.97%
7 UBS Group AG 318,312 12,561,000 0.90%
8 Janney Montgomery Scott LLC 293,849 11,595,000 0.83%
9 BANK OF AMERICA CORP /DE/ 281,793 11,119,000 0.80%
10 Ledyard National Bank 269,485 10,634,000 0.77%
11 MORGAN STANLEY 229,037 9,037,000 0.65%
12 CARNICK & KUBIK GROUP, LLC 209,577 8,270,000 0.60%
13 ROYAL BANK OF CANADA 179,157 7,069,000 0.51%
14 ENVESTNET ASSET MANAGEMENT INC 136,964 5,405,000 0.39%
15 AMERIPRISE FINANCIAL INC 130,996 5,176,000 0.37%
16 Confluence Wealth Management LLC 94,142 3,715,000 0.27%
17 Raymond James Financial Services Advisors, Inc. 69,933 2,760,000 0.20%
18 GOLDMAN SACHS GROUP INC 48,976 1,933,000 0.14%
19 Lenox Wealth Advisors, LLC 40,017 1,579,000 0.11%
20 LPL Financial LLC 38,070 1,516,000 0.11%
21 FLAGSHIP HARBOR ADVISORS, LLC 31,671 1,255,000 0.09%
22 CRIBSTONE CAPITAL MANAGEMENT, LLC 30,774 1,219,000 0.09%
23 BRYN MAWR CAPITAL MANAGEMENT, LLC 27,471 1,084,000 0.08%
24 OPPENHEIMER & CO INC 19,050 752,000 0.05%
25 STIFEL FINANCIAL CORP 18,613 739,000 0.05%
26 BROWN ADVISORY INC 18,002 710,000 0.05%
27 USCA RIA LLC 14,790 584,000 0.04%
28 SENTINEL TRUST CO LBA 13,900 548,000 0.04%
29 CEDAR WEALTH MANAGEMENT, LLC 11,530 455,000 0.03%
30 CREATIVE FINANCIAL DESIGNS INC /ADV 11,505 454,000 0.03%
31 IFP ADVISORS, INC 10,524 415,000 0.03%
32 Baker Ellis Asset Management LLC 10,305 407,000 0.03%
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 9,803 387,000 0.03%
34 FDx Advisors, Inc. 9,688 382,000 0.03%
35 BAIRD FINANCIAL GROUP, INC. 7,793 308,000 0.02%
36 EVERMAY WEALTH MANAGEMENT LLC 6,820 269,000 0.02%
37 Commonwealth Equity Services, Inc 6,804 268,000 0.02%
38 LINCOLN NATIONAL CORP 6,623 261,000 0.02%
39 Cheviot Value Management, LLC 6,530 258,000 0.02%
40 WELLS FARGO & COMPANY/MN 6,467 255,000 0.02%
41 SG Americas Securities, LLC 6,300 249,000 0.02%
42 Sigma Planning Corp 5,996 237,000 0.02%
43 WEST PACES ADVISORS INC. 5,944 234,550 0.02%
44 ADVISOR GROUP, INC. 5,096 202,000 0.01%
45 LADENBURG THALMANN FINANCIAL SERVICES INC. 4,531 179,000 0.01%
46 FIFTH THIRD BANCORP 4,289 169,000 0.01%
47 TRUST CO OF VERMONT 3,700 146,000 0.01%
48 US BANCORP \DE\ 2,977 118,000 0.01%
49 ADVOCACY WEALTH MANAGEMENT SERVICES, LLC 1,473 58,000 0.00%
50 BB&T INVESTMENT SERVICES, INC. 1,445 58,000 0.00%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.