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
$ 361.2 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 | 6.2 % |
| SAMSUNG ELECTRONICS CO LTD | 4.9 % |
| HYNIX SEMICONDUCTOR INC | 2.5 % |
| RELIANCE INDS-SPONS GDR 144A | 1.5 % |
| TENCENT HOLDINGS LTD | 1.4 % |
| ALIBABA GROUP HOLDING LTD. | 1.1 % |
| CHINA CONSTRUCTION BANK-H | 0.7 % |
| HON HAI PRECISION INDUSTRY | 0.6 % |
| DELTA ELECTRONICS INC | 0.5 % |
| MEDIATEK INC | 0.5 % |
Constituent Breakdown
| Number of holdings | 3081 |
| Herfindahl-Hirschman Index | 83 |
| 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
 |
SOUTH KOREA | 19.1 % |
 |
TAIWAN | 18.2 % |
 |
CHINA | 14.4 % |
 |
INDIA | 9.8 % |
 |
BRAZIL | 4.7 % |
 |
SOUTH AFRICA | 3.6 % |
 |
HONG KONG | 2.2 % |
 |
SAUDI ARABIA | 1.7 % |
 |
MEXICO | 1.6 % |
 |
MALAYSIA | 1.5 % |
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 | 16.7% | 41.9% | 20.4% | 15.5% | 3.3% | 5.4% | -- | 2.9% |
| Dividend Yield | 0.0% | 5.5% | 4.6% | 4.5% | 4.0% | 3.4% | -- | 2.8% |
| Total Returns | 16.7% | 47.4% | 25.0% | 20.0% | 7.3% | 8.8% | -- | 5.8% | Ann. Volatility | 25.0% | 17.4% | 17.3% | 16.0% | 16.7% | 18.3% | -- | 17.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 50% |
| MSCI EAFE | 0.96 | 64% |
| MSCI Emg Mkts | 0.91 | 93% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.29% |
Technical Indicators
| 30d moving avg. (EMA) | $71.90 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 1.36/1.25 |
| Bollinger Bands (Upper/Lower) | $76.73/$68.45 |
| 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 | -0.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 58.2% | -23 bp | -0.6% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 57.7% | -44 bp | -0.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 57.5% | -50 bp | -0.1% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 56.3% | +7 bp | -0.9% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 53.7% | -24 bp | -1.2% |
| EEM | iShares MSCI Emerging Markets ETF | 51.9% | +10 bp | -0.4% |
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 50.8% | -21 bp | -1.3% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 50.6% | -10 bp | -0.6% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 49.8% | -40 bp | -1.1% |
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 5/7/2026
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
8.7%
ALTAR SCORE™
72nd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 204 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.4% 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 72nd percentile
among funds in the category.
Sell-Side Consensus
$89.13
PRICE TARGET
+14.2%
UPSIDE