FlexShares US Quality Low Volatility Index Fund (QLV) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Low Volatility Index. The underlying index measures the performance of a selection of U.S. domiciled large- and mid-capitalization companies from the Northern Trust 1250 Index that exhibit lower overall absolute volatility characteristics, enhanced by financial strength and stability (quality) factors to improve risk-return profiles relative to the broader U.S. equity market; it emphasizes sectors such as financial services, consumer defensive, consumer cyclical, and healthcare, with top holdings including Visa Inc., Procter & Gamble Co., Amazon.com Inc., and Eli Lilly and Co. The fund provides exposure to approximately 95.76% U.S. stocks, 3.39% non-U.S. stocks, and minimal cash and bonds, targeting investors seeking capital appreciation through quality low-volatility U.S. equities.
Launched on July 15, 2019, and domiciled in the United States, QLV is managed by Northern Trust Investments, Inc., with a net expense ratio of 0.08% and total net assets of approximately $139.56 million to $143.01 million.
The fund operates as part of the FlexShares suite offered by Northern Trust Asset Management, headquartered in Chicago, Illinois, with availability primarily in the United States market.
In recent developments, FlexShares announced in late 2024 or early 2025 plans to rebrand to Northern Trust ETFs effective in 2026, with no impact on current investors' funds or investment processes; the firm also announced the liquidation of certain other exchange-traded funds in October 2025 as part of portfolio optimization efforts.