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About FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
Expense ratio
0.39%
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Inception date
Sep 25, 2012
TLTD offers a different take from the broad developed ex-US stocks. The fund, launched September 2012, shares a similar mindset with its US-based cousin, TILT, namely, a bias toward smaller, value-oriented firms, based on work done by Fama and French. Fama and French championed a 3-factor pricing model that added size and style to market risk. TLTD applies the logic with a very light hand. Its bias toward small-caps is noticeable, with more allocations to small-caps compared to the usual regular market-cap-weighted fund. Subscribers to the Fama-French view might argue that slight tilts rather than huge biases make TLTD more viable for long-term allocation. Overall, be mindful of the funds small cap bias before investing. The underlying index is reconstituted semi-annually and rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.88%
Finance25.44%
Producer Manufacturing8.51%
Health Technology7.05%
Consumer Non-Durables6.14%
Electronic Technology5.75%
Energy Minerals5.73%
Non-Energy Minerals5.37%
Consumer Durables5.23%
Process Industries4.31%
Technology Services3.99%
Transportation3.41%
Retail Trade3.29%
Industrial Services3.22%
Utilities3.01%
Distribution Services2.90%
Commercial Services2.24%
Consumer Services2.06%
Communications1.85%
Health Services0.27%
Miscellaneous0.11%
Bonds, Cash & Other0.12%
UNIT0.08%
Temporary0.03%
Mutual fund0.02%
Rights & Warrants0.00%
Stock breakdown by region
Europe53.32%
Asia27.76%
North America11.43%
Oceania5.97%
Middle East1.51%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history