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FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

ETF
TLTD
Payout Change
Pending
Price as of:
$70.0149 -0.29 -0.41%
primary theme
International Large-Cap Value Equity
TLTD (ETF)

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

Payout Change
Pending
Price as of:
$70.0149 -0.29 -0.41%
primary theme
International Large-Cap Value Equity
TLTD (ETF)

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

Payout Change
Pending
Price as of:
$70.0149 -0.29 -0.41%
primary theme
International Large-Cap Value Equity

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD | ETF

$70.01

$510 M

2.04%

$1.44

0.40%

Vitals

YTD Return

4.9%

1 yr return

12.3%

3 Yr Avg Return

2.1%

5 Yr Avg Return

5.4%

Net Assets

$510 M

Holdings in Top 10

8.3%

52 WEEK LOW AND HIGH

$70.3
$65.13
$75.54

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 21.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD | ETF

$70.01

$510 M

2.04%

$1.44

0.40%

TLTD - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Sep 25, 2012
  • Shares Outstanding
    8600001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Morningstar® Developed Markets ex-US Factor Tilt IndexSM(the “Underlying Index”) is designed to reflect the performance of a selection of companies that, in aggregate, possess greater exposure to size and value factors relative to the Morningstar Developed Markets ex-US Index (the “Parent Index”), a float-adjusted market-capitalization weighted index of companies incorporated in developed-market countries, excluding the U.S. The Underlying Index seeks to achieve increased exposures to size and value factors, or a “factor tilt”, by adjusting the Parent Index’s constituent weights to achieve a slightly greater weight on companies with smaller market capitalizations or lower valuations, as determined by Morningstar, Inc. (the “Index Provider”), pursuant to its index methodology. The Underlying Index is designed to include companies with enhanced risk-return characteristics relative to the broader developed international equity market by featuring size and value risk premiums, which NTI believes have been historically demonstrated over a full market cycle. As of December 31, 2023, the Underlying Index was comprised of 2,981 issues with market capitalizations ranging from
$302.4 million to $405 billion. The Underlying Index is reconstituted on a semi-annual basis and is rebalanced quarterly. The Fund generally reconstitutes and rebalances its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) (collectively “Depositary Receipts”) based on the securities in the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts, options on futures contracts and forward currency contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is sponsored by the Index Provider, an organization that is independent of the Fund and NTI. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
From time to time the Fund may focus its investments (i.e.,invest more than 15% of its total assets) in one or more particular countries or geographic regions. As of December 31, 2023, the Fund focused its investments in Japan, the United Kingdom, Canada, France and Germany.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
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TLTD - Performance

Return Ranking - Trailing

Period TLTD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -6.1% 18.9% 58.03%
1 Yr 12.3% -1.7% 29.2% 50.16%
3 Yr 2.1%* -4.1% 77.5% 82.18%
5 Yr 5.4%* 0.2% 45.2% 60.50%
10 Yr 4.7%* -0.3% 22.7% 27.78%

* Annualized

Return Ranking - Calendar

Period TLTD Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% 1.0% 26.9% 45.16%
2022 -16.2% -27.8% 166.1% 82.85%
2021 9.0% -66.6% 64.4% 35.86%
2020 1.6% -17.0% 17.3% 36.08%
2019 17.0% 4.4% 31.6% 27.56%

Total Return Ranking - Trailing

Period TLTD Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -6.1% 18.9% 58.03%
1 Yr 12.3% -1.7% 29.2% 50.16%
3 Yr 2.1%* -4.1% 77.5% 82.18%
5 Yr 5.4%* 0.2% 45.2% 60.50%
10 Yr 4.7%* -0.3% 22.7% 27.78%

* Annualized

Total Return Ranking - Calendar

Period TLTD Return Category Return Low Category Return High Rank in Category (%)
2023 17.2% 5.4% 31.0% 57.42%
2022 -13.7% -19.9% 344.3% 83.50%
2021 12.9% -0.2% 75.3% 40.46%
2020 4.2% -11.8% 18.9% 29.90%
2019 21.3% 11.2% 32.1% 20.14%

TLTD - Holdings

Concentration Analysis

TLTD Category Low Category High TLTD % Rank
Net Assets 510 M 3.42 M 46.7 B 54.66%
Number of Holdings 2513 2 2513 0.32%
Net Assets in Top 10 41.2 M 628 K 13.8 B 79.74%
Weighting of Top 10 8.33% 6.2% 100.0% 99.68%

Top 10 Holdings

  1. Novo Nordisk A/S, Class B 1.23%
  2. ASML Holding NV 0.99%
  3. Toyota Motor Corp. 0.90%
  4. Shell plc 0.90%
  5. Treasury Repurchase Agreement 0.82%
  6. Treasury Repurchase Agreement 0.81%
  7. Nestle SA (Registered) 0.72%
  8. AstraZeneca plc 0.68%
  9. HSBC Holdings plc 0.65%
  10. Novartis AG (Registered) 0.63%

Asset Allocation

Weighting Return Low Return High TLTD % Rank
Stocks 		98.86% 7.74% 104.54% 17.04%
Other 		2.29% -0.05% 43.33% 8.68%
Preferred Stocks 		0.00% 0.00% 4.41% 57.88%
Convertible Bonds 		0.00% 0.00% 0.15% 17.04%
Cash 		0.00% 0.00% 13.78% 95.18%
Bonds 		0.00% 0.00% 81.81% 23.15%

Stock Sector Breakdown

Weighting Return Low Return High TLTD % Rank
Financial Services 		19.47% 0.00% 42.76% 55.19%
Industrials 		17.87% 1.03% 36.79% 13.64%
Consumer Cyclical 		10.63% 0.00% 27.46% 40.26%
Basic Materials 		10.40% 0.00% 30.76% 27.60%
Healthcare 		8.02% 0.00% 23.28% 71.75%
Consumer Defense 		7.53% 0.00% 31.84% 56.49%
Energy 		7.25% 0.00% 26.59% 43.18%
Technology 		7.17% 0.00% 24.16% 45.45%
Real Estate 		4.58% 0.00% 17.06% 6.17%
Communication Services 		4.21% 0.29% 22.75% 81.82%
Utilities 		2.84% 0.00% 27.46% 50.32%

Stock Geographic Breakdown

Weighting Return Low Return High TLTD % Rank
Non US 		98.75% 0.00% 99.55% 3.22%
US 		0.12% 0.00% 100.40% 92.60%

TLTD - Expenses

Operational Fees

TLTD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.01% 5.99% 92.28%
Management Fee 0.39% 0.00% 1.25% 8.39%
12b-1 Fee 0.00% 0.00% 1.00% 13.33%
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

TLTD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TLTD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TLTD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 2.00% 158.16% 12.13%

TLTD - Distributions

Dividend Yield Analysis

TLTD Category Low Category High TLTD % Rank
Dividend Yield 2.04% 0.00% 13.19% 49.68%

Dividend Distribution Analysis

TLTD Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

TLTD Category Low Category High TLTD % Rank
Net Income Ratio N/A 0.18% 7.85% 51.55%

Capital Gain Distribution Analysis

TLTD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

TLTD - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Oct 31, 2013

8.59

8.6%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Brendan Sullivan

Start Date

Tenure

Tenure Rank

Jun 21, 2016

5.95

6.0%

Brendan Sullivan is a Vice President of Northern Trust Investments Inc. Mr. Sullivan joined NTI in 2012 and is a Senior Portfolio Manager responsible for the management of international equity index portfolios, overlay mandates and equity exchange-traded funds. Prior to joining NTI in May 2012, Mr. Sullivan was an Index Strategist at RBC Capital Markets, where he produced research and advised clients on implementing strategies around index events.

Volter Bagriy

Start Date

Tenure

Tenure Rank

Mar 25, 2021

1.18

1.2%

Mr. Bagriy joined Northern Trust Investments, Inc. in 2014 and serves as a portfolio manager on the Global Index team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 29.68 7.75 0.54

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