ABOUT NORTHERN TRUST ETFs

Northern Trust ETFs, designed from investor insights and built to meet diverse goals.

ETFs built on a legacy of deep insight into investor needs – many of the largest institutions and some of the wealthiest individuals in the U.S. – and designed to help meet varying investment goals. For over a decade, our product design has been guided by comprehensive market insights, data-driven analysis, and extensive experience collaborating with investors. We offer a diversified range of active and passive ETFs focused on balancing risk and return, with an emphasis on transparency and cost efficiency, to meet a diverse range of investor goals.

In 2026, FlexShares will be renamed Northern Trust ETFs. For current investors in FlexShares ETFs, the rebranding will not affect your funds, investment process, or portfolio managers. They are the same funds with a new name.

MANAGED BY NORTHERN TRUST ASSET MANAGEMENT

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments, so they can confidently realize their long-term objectives. We understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management to craft innovative and efficient solutions that deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect, and transparency. Please visit our website.

> Historical Tax Documents

Before investing, carefully consider the investment objectives, risks, charges and expenses. This and other information are in the prospectus and a summary prospectus, copies of which may be obtained on this website. Read the prospectus carefully before you invest.

The FlexShares ETFs, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 are distributed by Foreside Fund Services, LLC, not affiliated with Northern Trust. The Northern Trust ETFs, registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 are distributed by Northern Funds Distributors, LLC, not affiliated with Northern Trust. FlexShares ETFs, and Northern Trust ETFs, (the “Funds”), are managed by Northern Trust.

All investments are subject to numerous risks, including possible loss of principal. Fund returns may not match the return of the respective indexes. The Funds are subject to the following principal risks: alternative minimum tax; asset class; authorized participant; calculation methodology; cash transactions risk; commodity; concentration; counterparty; credit (default); currency; debt extension; derivatives; dividend; emerging markets; Environmental, Social, Governance (ESG); equity securities; financial sector; fluctuation of yield and principal payment risk; foreign securities; fund termination risk; geographic; high portfolio turnover; income; index; industry concentration; inflation; infrastructure-related companies; interest rate; issuer; liquidity; large cap; management; market; market trading; mid cap stock; MLP; momentum; municipal investment risk; municipal market volatility risk; municipal tax liability risk; natural resources; new funds; non-diversification; passive investment; privatization; prepayment (or call); return of capital/distribution; sampling; securities lending; small fund; small cap stock; tracking error; valuation; value investing; and volatility risk. A full description of risks is in the prospectus.

Individual investors should contact their financial advisor or broker dealer representative for more information on the Funds.

Investment Products and Services are:
NOT FDIC INSURED, MAY LOSE VALUE, NO BANK GUARANTEE

All registered investment companies are obliged to distribute portfolio gains to shareholders at year-end regardless of performance. Trading ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.