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

Institutional Holders (2017Q2)
Portfolio Summary: 70 Institutional holders with a total value of $1,461,608,691.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 NORTHERN TRUST CORP 21,546,974 885,150,000 60.56%
2 TIAA, FSB 6,088,037 250,097,000 17.11%
3 RiverFront Investment Group, LLC 3,225,473 132,502,000 9.07%
4 Alaska Permanent Capital Management, LLC 933,835 38,361,000 2.62%
5 RAYMOND JAMES & ASSOCIATES 726,629 29,850,000 2.04%
6 UBS Group AG 534,311 21,950,000 1.50%
7 Ledyard National Bank 280,435 11,520,000 0.79%
8 QS Investors, LLC 264,150 10,851,000 0.74%
9 MORGAN STANLEY 254,323 10,448,000 0.71%
10 BANK OF AMERICA CORP /DE/ 236,108 9,699,000 0.66%
11 Janney Montgomery Scott LLC 219,791 9,029,000 0.62%
12 BB&T SECURITIES, LLC 190,721 7,834,000 0.54%
13 AMERIPRISE FINANCIAL INC 142,896 5,872,000 0.40%
14 Confluence Wealth Management LLC 129,496 5,320,000 0.36%
15 ENVESTNET ASSET MANAGEMENT INC 96,047 3,945,000 0.27%
16 ROYAL BANK OF CANADA 70,575 2,899,000 0.20%
17 LPL Financial LLC 60,707 2,494,000 0.17%
18 CRIBSTONE CAPITAL MANAGEMENT, LLC 59,496 2,444,000 0.17%
19 GOLDMAN SACHS GROUP INC 50,063 2,057,000 0.14%
20 Raymond James Financial Services Advisors, Inc. 49,227 2,022,000 0.14%
21 Lenox Wealth Advisors, LLC 45,560 1,872,000 0.13%
22 FLAGSHIP HARBOR ADVISORS, LLC 32,128 1,313,000 0.09%
23 CEDAR WEALTH MANAGEMENT, LLC 29,695 1,220,000 0.08%
24 BRYN MAWR CAPITAL MANAGEMENT, LLC 25,842 1,062,000 0.07%
25 Virtu KCG Holdings LLC 23,629 971,000 0.07%
26 OPPENHEIMER & CO INC 19,884 817,000 0.06%
27 ADVISOR GROUP, INC. 18,933 778,000 0.05%
28 BROWN ADVISORY INC 18,902 776,000 0.05%
29 JANE STREET GROUP, LLC 15,179 624,000 0.04%
30 USCA RIA LLC 14,601 600,000 0.04%
31 SENTINEL TRUST CO LBA 13,900 571,000 0.04%
32 CREATIVE FINANCIAL DESIGNS INC /ADV 11,822 486,000 0.03%
33 Baker Ellis Asset Management LLC 11,620 477,000 0.03%
34 KINGSVIEW WEALTH MANAGEMENT, LLC 11,375 467,000 0.03%
35 Sigma Planning Corp 10,010 411,000 0.03%
36 BAIRD FINANCIAL GROUP, INC. 9,745 400,000 0.03%
37 Commonwealth Equity Services, Inc 9,105 374,000 0.03%
38 Cetera Advisor Networks LLC 8,594 353,000 0.02%
39 STIFEL FINANCIAL CORP 8,211 338,000 0.02%
40 NWAM LLC 7,099 292,000 0.02%
41 LINCOLN NATIONAL CORP 6,907 284,000 0.02%
42 EVERMAY WEALTH MANAGEMENT LLC 6,820 280,000 0.02%
43 BENJAMIN F. EDWARDS & COMPANY, INC. 6,450 265,000 0.02%
44 Cheviot Value Management, LLC 6,010 247,000 0.02%
45 WEST PACES ADVISORS INC. 5,944 244,180 0.02%
46 Choate Investment Advisors 5,163 212,096 0.01%
47 PNC FINANCIAL SERVICES GROUP, INC. 5,080 209,000 0.01%
48 Moors & Cabot, Inc. 4,930 202,000 0.01%
49 FIFTH THIRD BANCORP 4,135 170,000 0.01%
50 TRUST CO OF VERMONT 3,688 152,000 0.01%
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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.