TLTE

FlexShares Morningstar Emerging Markets Factor Tilt Index

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund is an exchanged-traded fund incorporated in the USA. The Fund seeks to track the performance of the Morningstar Emerging Markets Factor Tilt Index.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

280.7 M

ASSETS UNDER MGMT

59 bp

EXPENSES
Fund Basics
Fund sponsorNorthern Trust Investments Inc
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateSep 25, 2012
Assets (mns)$281
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingFundamental
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CANVEST ENVIRONMENTAL PROTECTION GROUP C 28.7 %
TAIWAN SEMICONDUCTOR MANUFAC 5.4 %
ALIBABA GROUP HOLDING LTD. 2.8 %
TENCENT HOLDINGS LTD 2.7 %
RELIANCE INDS-SPONS GDR 144A 2.6 %
SAMSUNG ELECTRONICS CO LTD 2.5 %
CHINA CONSTRUCTION BANK-H 1.0 %
HON HAI PRECISION INDUSTRY 0.8 %
XIAOMI CORP. CLASS B 0.6 %
HYNIX SEMICONDUCTOR INC 0.6 %
Constituent Breakdown
Number of holdings2932
Herfindahl-Hirschman Index 891
Wgt avg mkt cap (mns)$396,011
Large cap (>$10bn)46.4%
Mid cap ($2-10bn)17.5%
Small cap (<$2bn)26.1%
Developed mkts.3.6%
Emerging mkts.89.4%
Country Exposure
HONG KONG 32.0 %
CHINA 23.7 %
TAIWAN 16.9 %
INDIA 14.6 %
SOUTH KOREA 13.1 %
BRAZIL 6.0 %
SOUTH AFRICA 4.0 %
MEXICO 3.2 %
SAUDI ARABIA 2.2 %
MALAYSIA 2.0 %
Historical Performance


Standardized Performance (as of 08/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 18.9% 11.8% 10.5% 7.7% 4.4% 3.5% -- 1.4%
Dividend Yield 0.0% 0.4% 2.3% 2.8% 2.8% 2.8% -- 2.4%
Total Returns 18.9% 12.3% 12.8% 10.5% 7.2% 6.3% -- 3.8%
Ann. Volatility 17.3% 17.3% 15.3% 15.9% 16.3% 18.4% -- 17.8%
Market Correlations
versus...BetaR-squared
S&P 5000.7547%
MSCI EAFE0.7757%
MSCI Emg Mkts0.8880%
Liquidity Measures
Avg. volume (000)7
ADV traded (mns)$0
Turnover0.2%
Avg. Bid/Ask (% of price)0.23%
Technical Indicators
Recent close$61.02
30d moving avg.$60.25
Annualized volatility16.5%
Relative strength (RSI)60
Short interest0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: TLTE 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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 9/8/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

TLTE

8.8%

Cat. Avg

8.0%


ALTAR Score™ Calculation

Category Overview
There are 120 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.0% and a standard deviation of 2.7%. TLTE's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places TLTE in the 63rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

TLTE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
(59 bp) Percentile rank 42
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
TLTE 59.0 0.0 59
Peer Avg. 60.2 43.8 104.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .