- ISIN
- US33939L3087
- CUSIP
- 33939L308
- Issuer
- Northern Trust
- Inception Date
- Sep 28, 2012
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Morningstar Emerging Markets Factor Tilt Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $342M
Highlights
- Avg. Volume (1M)
- 4K
- Avg. Volume Value (1M)
- $288.00K
Share Price Chart
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Performance
TLTE Performance Chart
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) is up 14.7% since the beginning of the year. TLTE is currently trading at $73 per share. Investors who bought $1,000 worth of TLTE shares 5 years ago would now be looking at an investment worth $1,428.
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Returns By Period
FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) has returned 14.67% so far this year and 29.30% over the past 12 months. Over the last ten years, TLTE has returned 8.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
FlexShares Morningstar Emerging Markets Factor Tilt Index
- 1D
- -0.54%
- 1M
- -2.30%
- 6M
- 5.33%
- YTD
- 14.67%
- 1Y
- 29.30%
- 3Y*
- 16.74%
- 5Y*
- 7.39%
- 10Y*
- 8.02%
- ALL TIME*
- 5.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TLTE Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2012, TLTE's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, an investment would double in approximately 10.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +14.3%, while the worst month was Mar 2020 at -18.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TLTE closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.6%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.86% | 6.66% | -9.36% | 10.92% | 5.24% | -1.01% | -5.72% | 14.67% | |||||
| 2025 | 1.18% | 0.35% | 1.46% | 0.12% | 5.00% | 6.60% | 0.62% | 2.72% | 5.08% | 2.85% | -1.30% | 2.31% | 30.21% |
| 2024 | -3.02% | 1.99% | 1.72% | 0.16% | 2.11% | 1.53% | 0.88% | 0.90% | 5.76% | -3.64% | -2.26% | -2.25% | 3.53% |
| 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% |
Benchmark Metrics
FlexShares Morningstar Emerging Markets Factor Tilt Index has an annualized alpha of -3.54%, beta of 0.79, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since October 02, 2012.
- This ETF participated in 93.56% of S&P 500 Index downside but only 65.93% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.54% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -3.54%
- Beta
- 0.79
- R²
- 0.54
- Upside Capture
- 65.93%
- Downside Capture
- 93.56%
Expense Ratio
TLTE has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TLTE ranks 55 for risk / return — above 55% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for FlexShares Morningstar Emerging Markets Factor Tilt Index (TLTE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLTE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.00 | +0.20 |
| Martin ratioReturn relative to average drawdown | 6.73 | 8.49 | -1.76 |
Dividends
Dividend History
FlexShares Morningstar Emerging Markets Factor Tilt Index provided a 3.41% dividend yield over the last twelve months, with an annual payout of $2.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.49 | $2.40 | $1.90 | $2.06 | $2.07 | $1.90 | $1.13 | $1.71 | $1.45 | $1.26 | $1.06 | $0.84 |
Dividend yield | 3.41% | 3.76% | 3.73% | 4.03% | 4.42% | 3.21% | 1.95% | 3.23% | 3.02% | 2.12% | 2.30% | 2.00% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.28 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $1.64 | $2.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $1.62 | $1.90 |
| 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 |
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 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 9.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.21%Mar 2020 | 2y 1mo | 9mo 21d | 2y 11moJan 2018 - Jan 2021 | COVID crash2020 |
-33.82%Jan 2016 | 1y 4mo | 1y 4mo | 2y 8moSep 2014 - Jun 2017 | — |
-33.51%Oct 2022 | 1y 4mo | 2y 7mo | 4y 3dJun 2021 - Jun 2025 | Bear market2022 |
-16.76%Jun 2013 | 5mo 21d | 1y 9d | 1y 6moJan 2013 - Jul 2014 | — |
-13.04%Mar 2026 | 1mo 2d | 1mo 2d | 2mo 4dFeb 2026 - May 2026 | — |
Drawdown Indicators
| TLTE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -56.78% | +12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.04% | -9.10% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.43% | -18.90% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -30.97% | -25.43% | -5.54% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | -33.92% | -10.29% |
Current DrawdownCurrent decline from peak | -9.37% | -1.58% | -7.79% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -10.70% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 2.14% | +2.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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