TLTD
FlexShares Morningstar Developed Markets ex-US Factor Tilt
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund is an exchanged-traded fund incorporated in the USA. The Fund seeks to track the performance of the Morningstar Developed Markets ex-US Factor Tilt Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 681.6 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Sep 25, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 1.4 % |
| HSBC HOLDINGS PLC | 1.1 % |
| SHELL PLC | 0.7 % |
| TORONTO-DOMINION BANK | 0.7 % |
| BANCO SANTANDER SA | 0.7 % |
| TOYOTA MOTOR CORP | 0.6 % |
| ALLIANZ SE-REG | 0.6 % |
| ROYAL BANK OF CANADA | 0.5 % |
| ROCHE HOLDING AG ORDINARY SHARES NEW | 0.5 % |
| TOTAL SA | 0.5 % |
Constituent Breakdown
| Number of holdings | 2367 |
| Herfindahl-Hirschman Index | 18 |
| Wgt avg mkt cap (mns) | $63,765 |
| Large cap (>$10bn) | 55.5% |
| Mid cap ($2-10bn) | 21.6% |
| Small cap (<$2bn) | 14.4% |
| Developed mkts. | 91.5% |
| Emerging mkts. | 0.9% |
Sector Breakdown
Country Exposure
 |
JAPAN | 26.4 % |
 |
BRITAIN | 11.4 % |
 |
CANADA | 9.7 % |
 |
FRANCE | 7.0 % |
 |
GERMANY | 6.1 % |
 |
AUSTRALIA | 4.5 % |
 |
SWITZERLAND | 4.4 % |
 |
NETHERLANDS | 3.9 % |
 |
SPAIN | 2.9 % |
 |
ITALY | 2.6 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.1% | 22.3% | 18.1% | 14.4% | 6.7% | 6.3% | -- | 5.3% |
| Dividend Yield | 1.7% | 4.4% | 4.4% | 4.2% | 3.8% | 3.4% | -- | 3.1% |
| Total Returns | 10.8% | 26.7% | 22.5% | 18.6% | 10.5% | 9.7% | -- | 8.4% | Ann. Volatility | 17.3% | 14.9% | 15.9% | 14.8% | 16.0% | 16.5% | -- | 16.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 57% |
| MSCI EAFE | 0.91 | 93% |
| MSCI Emg Mkts | 0.46 | 57% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.72% |
Technical Indicators
| 30d moving avg. (EMA) | $99.30 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.49/0.27 |
| Bollinger Bands (Upper/Lower) | $101.15/$97.72 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TLTD |
Expenses vs. TLTD |
ALTAR Score™ vs. TLTD |
|---|---|---|---|---|
| IDEV | iShares Core MSCI International Developed Markets ETF | 60.0% | -35 bp | -0.9% |
| VEA | Vanguard FTSE Developed Markets ETF | 58.8% | -36 bp | -0.9% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 58.0% | -36 bp | -1.0% |
| BKIE | BNY Mellon International Equity ETF | 57.9% | -35 bp | -1.0% |
| DFAI | Dimensional International Core Equity Market ETF | 55.4% | -21 bp | -0.8% |
| IEFA | iShares Core MSCI EAFE ETF | 54.7% | -32 bp | -0.8% |
| SCHF | Schwab International Equity ETF | 54.1% | -33 bp | -0.9% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 52.8% | +6 bp | -0.2% |
| IXUS | iShares Core MSCI Total International Stock ETF | 51.3% | -32 bp | -0.2% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 51.0% | -21 bp | -0.4% |
Risk and Returns: TLTD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/9/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.2%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 419 funds in the International Equity category with an average
ALTAR Score™ of 6.0% and a standard deviation
of 1.5%. TLTD's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places TLTD in the 77th percentile
among funds in the category.
Sell-Side Consensus
$110.74
PRICE TARGET
+6.0%
UPSIDE