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
$ 340.8 M
ASSETS UNDER MGMT
59 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
| TAIWAN SEMICONDUCTOR MANUFAC | 5.3 % |
| SAMSUNG ELECTRONICS CO LTD | 3.2 % |
| TENCENT HOLDINGS LTD | 2.1 % |
| HYNIX SEMICONDUCTOR INC | 1.9 % |
| RELIANCE INDS-SPONS GDR 144A | 1.8 % |
| ALIBABA GROUP HOLDING LTD. | 1.5 % |
| CHINA CONSTRUCTION BANK-H | 0.8 % |
| HON HAI PRECISION INDUSTRY | 0.7 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.7 % |
| HDFC BANK LIMITED | 0.6 % |
Constituent Breakdown
| Number of holdings | 3055 |
| Herfindahl-Hirschman Index | 61 |
| Wgt avg mkt cap (mns) | $142,195 |
| Large cap (>$10bn) | 47.9% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 23.9% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 86.7% |
Sector Breakdown
Country Exposure
 |
CHINA | 17.5 % |
 |
TAIWAN | 17.4 % |
 |
SOUTH KOREA | 15.0 % |
 |
INDIA | 12.0 % |
 |
BRAZIL | 4.5 % |
 |
SOUTH AFRICA | 4.3 % |
 |
HONG KONG | 2.4 % |
 |
INDONESIA | 2.0 % |
 |
SAUDI ARABIA | 2.0 % |
 |
MALAYSIA | 1.8 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.2% | 28.0% | 14.4% | 11.0% | 1.7% | 4.5% | -- | 2.2% |
| Dividend Yield | 0.0% | 5.0% | 4.3% | 4.3% | 3.9% | 3.4% | -- | 2.8% |
| Total Returns | 5.2% | 33.0% | 18.8% | 15.4% | 5.6% | 7.9% | -- | 5.0% | Ann. Volatility | 25.7% | 18.5% | 16.9% | 15.7% | 16.5% | 18.3% | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 49% |
| MSCI EAFE | 0.86 | 68% |
| MSCI Emg Mkts | 0.89 | 94% |
Liquidity Measures
| Avg. volume (000) | 5 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| 30d moving avg. (EMA) | $68.71 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.05/-0.54 |
| Bollinger Bands (Upper/Lower) | $71.30/$64.38 |
| Short interest (% of AUM) | 0.5% |
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. TLTE |
Expenses vs. TLTE |
ALTAR Score™ vs. TLTE |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 58.9% | -48 bp | -0.3% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 58.2% | -23 bp | -0.5% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 58.0% | -50 bp | +0.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 57.7% | -44 bp | -0.1% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 56.3% | +7 bp | -0.8% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 54.0% | -24 bp | -1.2% |
| EEM | iShares MSCI Emerging Markets ETF | 52.2% | +10 bp | -0.2% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 50.9% | -21 bp | -1.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 50.6% | -10 bp | -0.5% |
| VWO | Vanguard FTSE Emerging Markets ETF | 49.8% | -52 bp | +0.8% |
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 (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 4/20/2026
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
9.0%
ALTAR SCORE™
74th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 203 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.6% and a standard deviation
of 2.2%. TLTE's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places TLTE in the 74th percentile
among funds in the category.
Sell-Side Consensus
$85.36
PRICE TARGET
+14.5%
UPSIDE
Bid/Ask Spreads
43 bp
AVG SPREAD
22 —
829 bp
RANGE