Key stats
About FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
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Inception date
Sep 25, 2012
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Foreside Fund Services LLC
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
Stocks99.91%
Finance28.90%
Producer Manufacturing8.27%
Non-Energy Minerals5.85%
Consumer Non-Durables5.70%
Health Technology5.64%
Electronic Technology5.09%
Energy Minerals4.60%
Consumer Durables4.47%
Industrial Services3.95%
Process Industries3.69%
Retail Trade3.69%
Technology Services3.49%
Utilities3.49%
Transportation3.28%
Distribution Services2.78%
Commercial Services2.34%
Communications2.16%
Consumer Services2.12%
Health Services0.28%
Miscellaneous0.14%
Bonds, Cash & Other0.09%
UNIT0.06%
Temporary0.03%
Mutual fund0.00%
Miscellaneous0.00%
Stock breakdown by region
Europe54.37%
Asia27.91%
North America10.67%
Oceania5.43%
Middle East1.63%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history