TLTD
FlexShares Morningstar Developed Markets ex-US Factor Tilt
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund is an exchanged-traded fund incorporated in the USA. The Fund seeks to track the performance of the Morningstar Developed Markets ex-US Factor Tilt Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 633.9 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Sep 25, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 1.1 % |
| HSBC HOLDINGS PLC | 1.0 % |
| SHELL PLC | 0.8 % |
| TOYOTA MOTOR CORP | 0.7 % |
| TOTAL SA | 0.6 % |
| BANCO SANTANDER SA | 0.6 % |
| TORONTO-DOMINION BANK | 0.6 % |
| ALLIANZ SE-REG | 0.6 % |
| ROCHE HOLDING LTD | 0.6 % |
| ASTRAZENECA PLC | 0.5 % |
Constituent Breakdown
| Number of holdings | 2362 |
| Herfindahl-Hirschman Index | 18 |
| Wgt avg mkt cap (mns) | $55,893 |
| Large cap (>$10bn) | 54.4% |
| Mid cap ($2-10bn) | 20.9% |
| Small cap (<$2bn) | 17.0% |
| Developed mkts. | 92.7% |
| Emerging mkts. | 0.9% |
Sector Breakdown
Country Exposure
 |
JAPAN | 26.1 % |
 |
BRITAIN | 12.1 % |
 |
CANADA | 10.2 % |
 |
FRANCE | 7.2 % |
 |
GERMANY | 6.5 % |
 |
SWITZERLAND | 5.0 % |
 |
AUSTRALIA | 4.7 % |
 |
NETHERLANDS | 3.4 % |
 |
SPAIN | 2.8 % |
 |
SWEDEN | 2.6 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.6% | 28.2% | 19.6% | 14.8% | 6.7% | 6.1% | -- | 5.3% |
| Dividend Yield | 0.0% | 4.5% | 4.5% | 4.2% | 3.7% | 3.4% | -- | 3.1% |
| Total Returns | 7.6% | 32.7% | 24.1% | 19.0% | 10.4% | 9.5% | -- | 8.4% | Ann. Volatility | 19.1% | 14.1% | 15.6% | 14.7% | 16.0% | 16.8% | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 51% |
| MSCI EAFE | 0.94 | 94% |
| MSCI Emg Mkts | 0.60 | 61% |
Liquidity Measures
| Avg. volume (000) | 28 |
| ADV traded (mns) | $3 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.34% |
Technical Indicators
| 30d moving avg. (EMA) | $97.57 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.58/0.62 |
| Bollinger Bands (Upper/Lower) | $101.18/$95.69 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TLTD |
Expenses vs. TLTD |
ALTAR Score™ vs. TLTD |
|---|---|---|---|---|
| IDEV | iShares Core MSCI International Developed Markets ETF | 58.5% | -35 bp | -0.9% |
| BKIE | BNY Mellon International Equity ETF | 58.1% | -35 bp | -1.0% |
| VEA | Vanguard FTSE Developed Markets ETF | 57.7% | -36 bp | -1.0% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 56.5% | -36 bp | -1.1% |
| DFAI | Dimensional International Core Equity Market ETF | 54.3% | -21 bp | -0.9% |
| IEFA | iShares Core MSCI EAFE ETF | 53.8% | -32 bp | -0.9% |
| SCHF | Schwab International Equity ETF | 53.0% | -33 bp | -1.0% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 52.6% | -21 bp | -0.6% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 51.9% | +2 bp | -0.8% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 51.2% | -19 bp | -1.1% |
Risk and Returns: TLTD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 5/6/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.5%
ALTAR SCORE™
79th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 347 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.6%. TLTD's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places TLTD in the 79th percentile
among funds in the category.
Sell-Side Consensus
$113.03
PRICE TARGET
+14.1%
UPSIDE