FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE)
TLTE is a passive ETF by Northern Trust tracking the investment results of the Morningstar Emerging Markets Factor Tilt Index. TLTE launched on Sep 28, 2012 and has a 0.59% expense ratio.
ETF Info
| ISIN | US33939L3087 |
|---|---|
| CUSIP | 33939L308 |
| Issuer | Northern Trust |
| Inception Date | Sep 28, 2012 |
| Region | Emerging Markets (Broad) |
| Category | Foreign Large Cap Equities |
| Leveraged | 1x |
| Index Tracked | Morningstar Emerging Markets Factor Tilt Index |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
TLTE features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TLTE vs. TDTT, TLTE vs. TLTD, TLTE vs. MP, TLTE vs. TLT, TLTE vs. SVOL, TLTE vs. Vti, TLTE vs. FXAIX, TLTE vs. AVES, TLTE vs. VWO, TLTE vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Morningstar Emerging Markets Factor Tilt Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares Morningstar Emerging Markets Factor Tilt Index had a return of 5.24% year-to-date (YTD) and 11.53% in the last 12 months. Over the past 10 years, FlexShares Morningstar Emerging Markets Factor Tilt Index had an annualized return of 3.25%, while the S&P 500 had an annualized return of 11.39%, indicating that FlexShares Morningstar Emerging Markets Factor Tilt Index did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.24% | 25.48% |
| 1 month | -5.83% | 2.14% |
| 6 months | -0.29% | 12.76% |
| 1 year | 11.53% | 33.14% |
| 5 years (annualized) | 4.29% | 13.96% |
| 10 years (annualized) | 3.25% | 11.39% |
Monthly Returns
The table below presents the monthly returns of TLTE, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -3.02% | 1.99% | 1.72% | 0.16% | 2.11% | 1.53% | 0.88% | 0.90% | 5.77% | -3.64% | 5.24% | ||
| 2023 | 9.00% | -6.00% | 2.42% | -1.45% | -2.44% | 3.80% | 6.70% | -4.62% | -2.18% | -3.63% | 7.60% | 5.08% | 13.62% |
| 2022 | -0.45% | -2.48% | -2.70% | -5.31% | 1.33% | -7.28% | -0.78% | -0.27% | -10.93% | -0.97% | 14.29% | -1.36% | -17.31% |
| 2021 | 1.17% | 4.02% | 0.87% | 2.84% | 2.61% | 0.46% | -5.32% | 2.09% | -2.66% | 0.46% | -3.88% | 2.49% | 4.79% |
| 2020 | -6.75% | -4.86% | -18.90% | 8.76% | 2.69% | 5.85% | 6.44% | 2.84% | -1.74% | 0.33% | 13.66% | 7.44% | 12.10% |
| 2019 | 10.59% | -0.26% | 0.42% | 1.52% | -7.75% | 5.23% | -3.07% | -4.58% | 2.02% | 3.34% | 0.21% | 7.36% | 14.51% |
| 2018 | 7.29% | -4.96% | 0.14% | -2.20% | -2.92% | -6.14% | 2.44% | -3.42% | -1.44% | -8.34% | 4.44% | -2.81% | -17.45% |
| 2017 | 6.15% | 2.67% | 3.05% | 1.25% | 1.61% | 0.96% | 4.34% | 2.28% | -0.12% | 2.79% | 0.14% | 3.80% | 32.83% |
| 2016 | -6.76% | -0.66% | 12.45% | 1.52% | -3.47% | 4.74% | 5.04% | 1.87% | 2.54% | -0.61% | -3.34% | 0.10% | 12.78% |
| 2015 | 0.85% | 3.93% | -1.40% | 7.76% | -2.61% | -3.54% | -6.78% | -9.05% | -2.29% | 6.96% | -2.78% | -2.63% | -12.25% |
| 2014 | -8.19% | 2.98% | 3.72% | 0.51% | 3.15% | 3.11% | 0.13% | 2.89% | -7.04% | 1.15% | -1.30% | -5.26% | -5.05% |
| 2013 | 0.93% | -1.36% | -1.56% | 0.83% | -2.81% | -7.41% | 1.83% | 1.27% | 2.51% | 4.39% | -1.02% | 0.22% | -2.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLTE is 30, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares Morningstar Emerging Markets Factor Tilt Index provided a 2.77% dividend yield over the last twelve months, with an annual payout of $1.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.48 | $2.06 | $2.07 | $1.90 | $1.13 | $1.71 | $1.45 | $1.26 | $1.06 | $0.84 | $1.00 | $0.43 |
Dividend yield | 2.77% | 4.03% | 4.42% | 3.21% | 1.95% | 3.22% | 3.02% | 2.12% | 2.30% | 2.00% | 2.06% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Morningstar Emerging Markets Factor Tilt Index. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.28 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $1.20 | $2.06 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.63 | $2.07 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.93 | $1.90 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.20 | $1.13 |
| 2019 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.49 | $1.71 |
| 2018 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.23 | $1.45 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.36 | $1.26 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.32 | $1.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.84 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2013 | $0.43 | $0.43 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Morningstar Emerging Markets Factor Tilt Index. 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 Emerging Markets Factor Tilt Index was 44.21%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current FlexShares Morningstar Emerging Markets Factor Tilt Index drawdown is 9.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.21% | Jan 29, 2018 | 541 | Mar 23, 2020 | 202 | Jan 8, 2021 | 743 |
| -33.82% | Sep 8, 2014 | 345 | Jan 20, 2016 | 345 | Jun 2, 2017 | 690 |
| -33.51% | Jun 7, 2021 | 350 | Oct 24, 2022 | — | — | — |
| -16.76% | Jan 4, 2013 | 118 | Jun 24, 2013 | 259 | Jul 3, 2014 | 377 |
| -6.42% | Feb 18, 2021 | 25 | Mar 24, 2021 | 22 | Apr 26, 2021 | 47 |
Volatility
Volatility Chart
The current FlexShares Morningstar Emerging Markets Factor Tilt Index volatility is 4.65%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.