FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD)
TLTD is a passive ETF by Northern Trust tracking the investment results of the Morningstar Developed Markets ex-US Factor Tilt Index. TLTD launched on Sep 28, 2012 and has a 0.39% expense ratio.
ETF Info
US33939L8037
33939L803
Sep 28, 2012
Developed Markets (Broad)
1x
Morningstar Developed Markets ex-US Factor Tilt Index
Multi-Cap
Blend
Expense Ratio
TLTD has an expense ratio of 0.39%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) returned 14.61% year-to-date (YTD) and 13.53% over the past 12 months. Over the past 10 years, TLTD returned 5.42% annually, underperforming the S&P 500 benchmark at 10.46%.
TLTD
14.61%
11.69%
12.26%
13.53%
12.93%
5.42%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of TLTD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.65% | 2.92% | 2.11% | 4.06% | 1.10% | 14.61% | |||||||
| 2024 | -1.24% | 2.06% | 4.31% | -2.68% | 4.66% | -2.64% | 3.66% | 2.49% | 1.46% | -5.20% | 0.88% | -2.52% | 4.78% |
| 2023 | 8.92% | -3.20% | 1.49% | 2.45% | -4.42% | 4.43% | 4.05% | -3.60% | -3.45% | -3.15% | 7.78% | 5.95% | 17.20% |
| 2022 | -2.70% | -2.56% | -0.08% | -6.63% | 2.03% | -9.42% | 5.12% | -5.18% | -9.59% | 5.22% | 12.36% | -0.96% | -13.74% |
| 2021 | -0.64% | 3.86% | 3.03% | 2.90% | 3.75% | -1.37% | 0.24% | 1.56% | -2.96% | 2.92% | -5.38% | 4.77% | 12.84% |
| 2020 | -4.02% | -8.78% | -17.85% | 8.08% | 5.19% | 2.25% | 1.14% | 6.63% | -2.39% | -3.26% | 15.59% | 5.88% | 4.21% |
| 2019 | 7.48% | 2.21% | -0.21% | 2.79% | -5.93% | 5.35% | -1.90% | -2.34% | 3.91% | 3.64% | 1.63% | 3.57% | 21.26% |
| 2018 | 4.49% | -4.91% | -1.26% | 1.45% | -1.98% | -2.38% | 2.47% | -2.32% | 0.91% | -8.78% | -0.07% | -6.00% | -17.57% |
| 2017 | 3.46% | 0.87% | 2.68% | 2.11% | 2.43% | 1.23% | 3.03% | 0.57% | 2.47% | 1.83% | 1.06% | 1.86% | 26.26% |
| 2016 | -6.81% | -1.73% | 7.20% | 2.54% | -0.02% | -4.05% | 4.89% | 1.27% | 1.67% | -1.01% | -1.00% | 3.11% | 5.37% |
| 2015 | -0.23% | 6.42% | -1.12% | 4.14% | -0.24% | -2.53% | 0.11% | -5.99% | -4.75% | 5.77% | -0.78% | -1.17% | -1.14% |
| 2014 | -4.23% | 5.72% | -0.41% | 1.60% | 1.45% | 1.37% | -2.52% | 0.39% | -5.04% | -1.25% | 0.03% | -3.29% | -6.46% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, TLTD is among the top 21% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Morningstar Developed Markets ex-US Factor Tilt (TLTD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
FlexShares Morningstar Developed Markets ex-US Factor Tilt provided a 3.52% dividend yield over the last twelve months, with an annual payout of $2.77 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.77 | $2.67 | $2.32 | $1.67 | $2.48 | $1.35 | $2.24 | $1.76 | $1.88 | $1.65 | $1.41 | $1.80 |
Dividend yield | 3.52% | 3.88% | 3.39% | 2.76% | 3.44% | 2.04% | 3.46% | 3.16% | 2.71% | 2.93% | 2.56% | 3.14% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Morningstar Developed Markets ex-US Factor Tilt. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.23 | |||||||
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.16 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $1.02 | $2.67 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.87 | $2.32 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.17 | $1.67 |
| 2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $1.24 | $2.48 |
| 2020 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $1.35 |
| 2019 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.78 | $2.24 |
| 2018 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.36 | $1.76 |
| 2017 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.74 | $1.88 |
| 2016 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.73 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.47 | $1.65 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $1.41 |
| 2014 | $1.80 | $1.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Morningstar Developed Markets ex-US Factor Tilt. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Morningstar Developed Markets ex-US Factor Tilt was 40.62%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current FlexShares Morningstar Developed Markets ex-US Factor Tilt drawdown is 0.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.62% | Jan 29, 2018 | 541 | Mar 23, 2020 | 200 | Jan 6, 2021 | 741 |
| -28.96% | Sep 7, 2021 | 278 | Oct 12, 2022 | 347 | Mar 1, 2024 | 625 |
| -24.88% | Jul 3, 2014 | 406 | Feb 11, 2016 | 302 | Apr 25, 2017 | 708 |
| -13.1% | Mar 20, 2025 | 14 | Apr 8, 2025 | 13 | Apr 28, 2025 | 27 |
| -10.13% | May 22, 2013 | 23 | Jun 24, 2013 | 35 | Aug 13, 2013 | 58 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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