The FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund is designed to mirror the financial performance—specifically the price changes and income generated—of the Morningstar Developed Markets ex-US Factor Tilt Hedged IndexSM, before any management fees or operational costs are deducted. The underlying index focuses on a curated selection of companies that collectively display a more significant inclination towards "size" (e.g., smaller market capitalization) and "value" (e.g., undervalued assets) investment characteristics when compared to the standard Morningstar Developed Markets ex-US Index. A key feature of this index is its monthly strategy to neutralize the currency fluctuation risk of its foreign holdings relative to the U.