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FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
ETF
TLTE
Payout Change
Pending
Price as of:
$53.0461
+0.23
+0.43%
primary theme
Emerging Markets Equity
TLTE (ETF)
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
Payout Change
Pending
Price as of:
$53.0461
+0.23
+0.43%
primary theme
Emerging Markets Equity
TLTE (ETF)
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
Payout Change
Pending
Price as of:
$53.0461
+0.23
+0.43%
primary theme
Emerging Markets Equity
Name
As of 12/19/2024Price
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
$53.05
$252 M
1.63%
$0.86
0.58%
Vitals
YTD Return
4.5%
1 yr return
8.0%
3 Yr Avg Return
0.4%
5 Yr Avg Return
3.4%
Net Assets
$252 M
Holdings in Top 10
16.4%
52 WEEK LOW AND HIGH
$52.8
$48.60
$58.58
Expenses
OPERATING FEES
Expense Ratio 0.58%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/19/2024Price
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
$53.05
$252 M
1.63%
$0.86
0.58%
TLTE - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFlexShares Morningstar Emerging Markets Factor Tilt Index Fund
-
Fund Family NameFlexshares Trust
-
Inception DateSep 25, 2012
-
Shares Outstanding5000001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Anstine
Fund Description
The Morningstar® Emerging Markets 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 Emerging Markets Index (the “Parent Index”), a float-adjusted market-capitalization weighted index of companies incorporated in emerging-market countries. 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 emerging 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 3,749issues with market capitalizations ranging from $11.0mil
lion to $2.1 trillion. 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 China,India, Taiwan, South Korea and Brazil.
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.
TLTE - Performance
Return Ranking - Trailing
| Period | TLTE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | -14.4% | 32.8% | 68.14% |
| 1 Yr | 8.0% | -11.0% | 33.3% | 66.57% |
| 3 Yr | 0.4%* | -13.3% | 10.8% | 27.47% |
| 5 Yr | 3.4%* | -7.1% | 10.2% | 31.65% |
| 10 Yr | 3.7%* | -1.4% | 8.5% | 44.47% |
* Annualized
Return Ranking - Calendar
| Period | TLTE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.1% | -6.5% | 35.5% | 46.93% |
| 2022 | -20.8% | -50.1% | -2.4% | 22.53% |
| 2021 | 1.6% | -33.1% | 22.5% | 19.50% |
| 2020 | 9.5% | -22.1% | 80.1% | 78.63% |
| 2019 | 10.7% | -0.7% | 42.0% | 90.88% |
Total Return Ranking - Trailing
| Period | TLTE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.5% | -14.4% | 32.8% | 68.14% |
| 1 Yr | 8.0% | -11.0% | 33.3% | 66.57% |
| 3 Yr | 0.4%* | -13.3% | 10.8% | 27.47% |
| 5 Yr | 3.4%* | -7.1% | 10.2% | 31.65% |
| 10 Yr | 3.7%* | -1.4% | 8.5% | 44.47% |
* Annualized
Total Return Ranking - Calendar
| Period | TLTE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.6% | -1.0% | 42.0% | 29.96% |
| 2022 | -17.3% | -42.2% | 1.9% | 17.53% |
| 2021 | 4.8% | -32.5% | 33.1% | 21.68% |
| 2020 | 12.1% | -20.0% | 81.6% | 74.55% |
| 2019 | 14.5% | 2.3% | 42.0% | 89.02% |
TLTE - Holdings
Concentration Analysis
| TLTE | Category Low | Category High | TLTE % Rank | |
|---|---|---|---|---|
| Net Assets | 252 M | 682 K | 111 B | 63.53% |
| Number of Holdings | 2965 | 9 | 7534 | 2.56% |
| Net Assets in Top 10 | 44.2 M | 290 K | 23.8 B | 71.65% |
| Weighting of Top 10 | 16.45% | 2.9% | 101.1% | 94.58% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co. Ltd. 5.05%
- Samsung Electronics Co. Ltd. 2.26%
- Tencent Holdings Ltd. 2.10%
- Alibaba Group Holding Ltd. 1.79%
- Treasury Repurchase Agreement 1.18%
- Reliance Industries Ltd. 1.08%
- HDFC Bank Ltd. 0.80%
- Hon Hai Precision Industry Co. Ltd. 0.79%
- China Construction Bank Corp., Class H 0.73%
- Infosys Ltd. 0.67%
Asset Allocation
| Weighting | Return Low | Return High | TLTE % Rank | |
|---|---|---|---|---|
| Stocks | 99.76% | 0.00% | 103.28% | 8.83% |
| Other | 1.23% | -1.11% | 39.53% | 7.69% |
| Bonds | 0.00% | 0.00% | 95.13% | 11.11% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 93.30% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 85.80% |
| Cash | 0.00% | -2.03% | 98.08% | 98.58% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TLTE % Rank | |
|---|---|---|---|---|
| Financial Services | 20.63% | 0.00% | 48.86% | 59.74% |
| Technology | 18.11% | 0.00% | 47.50% | 80.66% |
| Consumer Cyclical | 10.74% | 0.00% | 48.94% | 71.72% |
| Basic Materials | 10.69% | 0.00% | 30.03% | 25.97% |
| Industrials | 9.79% | 0.00% | 43.53% | 15.58% |
| Communication Services | 7.26% | 0.00% | 39.29% | 71.14% |
| Consumer Defense | 5.94% | 0.00% | 25.90% | 55.99% |
| Real Estate | 5.27% | 0.00% | 17.15% | 7.79% |
| Energy | 4.48% | 0.00% | 24.80% | 47.91% |
| Utilities | 3.81% | 0.00% | 39.12% | 11.26% |
| Healthcare | 3.28% | 0.00% | 16.53% | 61.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TLTE % Rank | |
|---|---|---|---|---|
| Non US | 98.06% | 0.00% | 100.52% | 2.56% |
| US | 1.70% | 0.00% | 100.95% | 93.59% |
TLTE - Expenses
Operational Fees
| TLTE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.58% | 0.03% | 29.98% | 90.00% |
| Management Fee | 0.57% | 0.00% | 2.00% | 14.41% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 13.42% |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| TLTE 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% | 5.00% | N/A |
Trading Fees
| TLTE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| TLTE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.00% | 189.00% | 47.98% |
TLTE - Distributions
Dividend Yield Analysis
| TLTE | Category Low | Category High | TLTE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.63% | 0.00% | 9.74% | 9.12% |
Dividend Distribution Analysis
| TLTE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| TLTE | Category Low | Category High | TLTE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.98% | 17.62% | 12.47% |
Capital Gain Distribution Analysis
| TLTE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 20, 2024 | $0.216 | OrdinaryDividend |
| Jun 21, 2024 | $0.065 | OrdinaryDividend |
| Dec 15, 2023 | $1.201 | OrdinaryDividend |
| Sep 15, 2023 | $0.582 | OrdinaryDividend |
| Jun 16, 2023 | $0.273 | OrdinaryDividend |
| Dec 16, 2022 | $0.631 | OrdinaryDividend |
| Sep 16, 2022 | $0.824 | OrdinaryDividend |
| Jun 17, 2022 | $0.554 | OrdinaryDividend |
| Mar 18, 2022 | $0.059 | OrdinaryDividend |
| Dec 17, 2021 | $0.929 | OrdinaryDividend |
| Sep 17, 2021 | $0.521 | OrdinaryDividend |
| Jun 18, 2021 | $0.348 | OrdinaryDividend |
| Mar 19, 2021 | $0.099 | OrdinaryDividend |
| Dec 18, 2020 | $0.198 | OrdinaryDividend |
| Sep 18, 2020 | $0.460 | OrdinaryDividend |
| Jun 19, 2020 | $0.407 | OrdinaryDividend |
| Mar 20, 2020 | $0.068 | OrdinaryDividend |
| Dec 20, 2019 | $0.486 | OrdinaryDividend |
| Sep 20, 2019 | $0.710 | OrdinaryDividend |
| Jun 21, 2019 | $0.489 | OrdinaryDividend |
| Mar 15, 2019 | $0.028 | OrdinaryDividend |
| Dec 21, 2018 | $0.227 | OrdinaryDividend |
| Sep 24, 2018 | $0.754 | OrdinaryDividend |
| Jun 18, 2018 | $0.374 | OrdinaryDividend |
| Mar 19, 2018 | $0.092 | OrdinaryDividend |
| Dec 21, 2017 | $0.363 | OrdinaryDividend |
| Sep 18, 2017 | $0.685 | OrdinaryDividend |
| Jun 19, 2017 | $0.216 | OrdinaryDividend |
| Dec 22, 2016 | $0.319 | OrdinaryDividend |
| Sep 19, 2016 | $0.437 | OrdinaryDividend |
| Jun 20, 2016 | $0.257 | OrdinaryDividend |
| Mar 21, 2016 | $0.042 | OrdinaryDividend |
| Dec 23, 2015 | $0.835 | OrdinaryDividend |
| Dec 29, 2014 | $1.001 | OrdinaryDividend |
| Dec 27, 2013 | $0.430 | OrdinaryDividend |
| Dec 27, 2012 | $0.052 | OrdinaryDividend |
TLTE - 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 |
|---|---|---|---|
| 0.09 | 33.71 | 6.68 | 13.42 |
