Mutual Fund Summary Prospectus (497k)
02 April 2020 - 2:06AM
Edgar (US Regulatory)
FLEXSHARES® TRUST
SUPPLEMENT DATED
APRIL 1, 2020
TO THE SUMMARY PROSPECTUSES DATED MARCH 1, 2020, AS SUPPLEMENTED
FlexShares® Ready Access Variable Income Fund
FlexShares® Core Select Bond Fund
Effective immediately, each Summary Prospectus is amended as follows.
1. The Market Risk factor under the heading “PRINCIPAL RISKS” is
deleted and restated as follows:
MARKET RISK is the risk that the value of the Fund’s investments may
increase or decrease in response to expected, real or perceived economic, political or financial events in the U.S. or global markets. The frequency and magnitude of such changes in value cannot be predicted. Certain securities and other investments
held by the Fund may experience increased volatility, illiquidity, or other potentially adverse effects in response to changing market conditions, inflation, changes in interest rates, lack of liquidity in the bond or equity markets, or volatility
in the equity markets. Market disruptions caused by local or regional events such as war, acts of terrorism, the spread of infectious illness (including epidemics and pandemics) or other public health issues, recessions or other events or adverse
investor sentiment could have a significant impact on the Fund and its investments and could result in the Fund’s shares trading at increased premiums or discounts to the Fund’s net asset value. A recent outbreak of COVID-19, a
respiratory disease caused by a novel coronavirus, has negatively affected the worldwide economy, the financial health of individual companies and the market in significant and unforeseen ways. The future impact of COVID-19 is currently unknown. The
effects to public health, business and market conditions resulting from the COVID-19 pandemic may have a significant negative impact on the performance of the Fund’s investments. During periods of market disruption or other abnormal market
conditions, the Fund’s exposure to the risks described elsewhere in this summary will likely increase.
Market risk includes the risk that a particular style of investing, such as growth or
value, may underperform the market generally. The market value of the securities in which the Fund invests may go up or down in response to the prospects of individual companies, particular sectors or governments and/or general economic conditions
throughout the world due to increasingly interconnected global economies and financial markets. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to the countries directly affected, the
value and liquidity of the Fund’s investments may be negatively affected. Securities markets may experience great short-term volatility and may fall sharply at times. Different markets may behave differently from each other and a foreign
market may move in the opposite direction from the U.S. market. Price changes may be temporary or last for extended periods. You could lose money over short periods due to fluctuation in the market prices of the Fund’s shares in response to
market movements, and over longer periods during market downturns.
Please retain this Supplement with your Summary Prospectus for future
reference.
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