FLEXSHARES DEF QUAL DIV ETF

CUSIP: 33939l845 Class: COM

Note: Option positions (PUT/CALL) are excluded.

Institution	Shares	Value ($000)
L & S Advisors Inc	24,473	$1,981
NORTHSTAR ASSET MANAGEMENT LLC	2,500	$202
Total (2 institutions)	26,973	$2,184