Northern Trust reduces fees for six FlexShares ETFs

Oct 25th, 2016 | By | Category: ETF and Index News

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Northern Trust has reduced the maximum annual management fee on six of its FlexShares exchange-traded funds.

Northern Trust reduces fees for six FlexShares ETFs

Shundrawn Thomas, Head of Northern Trust’s Funds and Managed Accounts Group.

Shundrawn Thomas, Head of Northern Trust’s Funds and Managed Accounts Group, commented: “Our pricing strategy is consistent with our investor-centric value proposition. FlexShares provides distinctive products at attractive price points as we seek to offer compelling value for the fees we receive. The reduction of management fees for certain FlexShares ETFs reflects the ongoing commitment to our value proposition.”

The six funds selected for fee reductions include one ETF that invests in global upstream natural resources companies while providing balanced exposure to three traditional (30% each in Agriculture, Energy, and Metals) and two non-traditional (5% each in Timber and Water) natural resources sectors; and five ETFs which target broad market (US, international developed or emerging market) equity exposures while tilting the portfolio towards low size and value. Twenty-three of the 24 FlexShares ETFs focus on alternatively- or factor-weighted index strategies.

“Discerning investors are principally concerned with value as opposed to a singular focus on fees,” Thomas said. “Our strategic approach to pricing is largely informed by careful assessment of the needs and preferences of long-term investors.”

Details on the select funds with fee reductions effective Tuesday, 1 November 2016, include:

FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR)
Reduced from 0.48% to 0.46%.
FlexShares Morningstar US Market Factor Tilt Index Fund (TILT)
Reduced from 0.27% to 0.25%.
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)
Reduced from 0.42% to 0.39%.
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)
Reduced from 0.65% to 0.59%.
FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund (TLDH)
Reduced from 0.47% to 0.44%.
FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund (TLEH)
Reduced from 0.70% to 0.64%.

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