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FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

FlexShares Morningstar Emerging Markets Factor Tilt Index ETF seeks to enhance exposure to developing market stocks by tilting the portfolio toward the long-term growth potential of the small-cap and value segments. It seeks to provide investors with an emerging market equity option that helps to meet their longer-term capital appreciation needs. Designed to replace traditional market-weighted emerging market equity products, the Fund applies a tilt to smaller- cap and value stocks using a multi-factor modeling approach that attempts to enhance portfolio risk/return characteristics. If occurring, dividends from net investment income, including any net foreign currency gains, are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

Fund Facts

as of 02/12/2016
Inception09/25/2012
CUSIP33939L308
Total Net Assets$ 207,149,809.43
Shares Outstanding5,600,001
# of Holdings*2,216
Gross Expense Ratio.66%
Net Expense Ratio**.65%
Index ProviderMorningstarĀ®
Primary ExchangeNYSE
Options AvailableN
MarginableY
Derivative UseY
Securities LendingY
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2016.

Tickers

ETF TickerTLTE
Related IndexMEMMFT
NAVTLTE.NV
IOPVTLTE.IV
Shares OutstandingTLTE.SO
Estimated CashTLTE.EU
Total CashTLTE.TC

Fund Characteristics

as of 02/12/2016
SEC Subsidized Yield* (as of  01/31/2016)2.97%
SEC Unsubsidized Yield**
 (as of 01/31/2016)
2.96%
Distribution Yield***2.26%
12-Month Dividend Yield****2.26%
Weighted Average Market Cap19,144,232,579.99
Price to Earnings (as of  01/31/2016)16.53
Price to Book  (as of  01/31/2016)2.26
Price to Cash Flow  (as of  01/31/2016)11.15
Price to Sales  (as of  01/31/2016)2.58
View Standardized Performance
*SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
**SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
***Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute annually, an NA will be displayed if the fund has not distributed within the last 370 days.
****Dividend Yield
For an equity security, dividend yield is calculated using the (expected) annual dividend divided by the most recent closing price. To calculate annual dividend, we utilize the most recent dividend payment and multiply that payment by the expected frequency over a year. For example, if the most recent dividend for a company is $2.50 and dividends are expected to be paid quarterly (4 dividend payments/year), the annual expected dividend would be calculated as $2.50 x 4 dividend payments/year, or $10.

Market Cap (%)

as of 02/12/2016
Large-Cap32.37
Mid-Cap20.05
Small-Cap38.54
Micro-Cap9.04
Total100.00

Style (%)

as of 02/11/2016
Value55.80
Core26.83
Growth17.37
Total100.00

SECTOR ALLOCATIONS

Sector Allocations

COUNTRY ALLOCATIONS

Country Allocations

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/28/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Month End Performance (%)

as of 01/31/2016
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price-7.08-7.08-7.08-19.24-9.15-5.88
NAV-8.27-8.27-8.27-20.78-9.30-6.23
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)-8.25-8.25-8.25-20.82-8.85-5.65
MSCI Emerging Markets Investable Market Index (MIMUEMRN)-6.69-6.69-6.69-20.19-8.73-5.90

Quarter End Performance (%)

as of 12/31/2015
 1 MonthQTDYTD1 Year3 YearSince Inception
09/25/2012
Market Price-2.201.17-12.37-12.37-6.66-3.90
NAV-1.631.19-12.97-12.97-6.02-3.87
Morningstar® Emerging Markets Factor Tilt Index (MEMMFTN)-1.751.18-13.09-13.09-5.60-3.28
MSCI Emerging Markets Investable Market Index (MIMUEMRN)-1.901.03-13.86-13.86-6.12-4.04
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 09/28/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Expense Ratios

as of 02/12/2016
Gross Expense Ratio.66%
Net Expense Ratio*.65%
*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2016.


Definitions

  • Net Asset Value (NAV)
    NAV is a fund’s price per share, which is calculated by dividing the total value of all the securities in the fund’s portfolio plus cash, interest and receivables less any liabilities by the number of fund shares outstanding.
  • Market Price
    Because ETFs trade like stocks, ETF shares trade at market value on the secondary market, which can be a dollar value above (trading at a premium) or below (trading at a discount) the fund’s NAV.

Market Price

as of 02/12/2016
Price$37.55
Price $ Change$.55
Price % Change1.49%
Avg Bid/Ask Spread$.22
Bid/Ask Midpoint$37.42
Closing Bid Price$37.32
Closing Ask Price$37.51

Trading

as of 02/12/2016
52-Week High$55.52
52-Week Low$35.57
Premium/Discount$.42
Daily Trading Volume (Shares)3,692
Average Trading Volume (Shares)98,213
Shares Outstanding5,600,001

NAV Price

as of 02/12/2016
Price$36.99
Price $ Change$-.21
Price % Change-.56%

TOP TEN HOLDINGS

as of 02/12/2016
NameTickerFund
Weight %
SectorMarket CapCountry
SAMSUNG ELECTRONICS CO LTD COMMON STOCK KRW 5000A0059302.9902Information TechnologyLarge-CapSouth Korea
CHINA CONSTRUCTION BANK CORP COMMON STOCK HKD 19391.4553FinancialsLarge-CapChina
TENCENT HOLDINGS LTD COMMON STOCK HKD 0.000027001.4047Information TechnologyLarge-CapChina
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD COMMON23301.3102Information TechnologyLarge-CapTaiwan
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD COMMON13980.9888FinancialsLarge-CapChina
CHINA MOBILE LTD COMMON STOCK HKD 09410.8889Telecommunication ServicesLarge-CapChina
HON HAI PRECISION INDUSTRY CO LTD COMMON STOCK TWD23170.8749Information TechnologyLarge-CapTaiwan
BANK OF CHINA LTD COMMON STOCK HKD 139880.7430FinancialsLarge-CapChina
NASPERS LTD COMMON STOCK ZAR 2NPN0.7123Consumer DiscretionaryLarge-CapSouth Africa
ITAU UNIBANCO HOLDING SA PREFERENCE BRL 0ITUB40.4992FinancialsLarge-CapBrazil
INFOSYS LTD COMMON STOCK INR 50.4878Information TechnologyLarge-CapIndia
HYUNDAI MOTOR CO COMMON STOCK KRW 5000A0053800.4547Consumer DiscretionaryLarge-CapSouth Korea
SAMSUNG ELECTRONICS CO LTD PREFERENCE KRW 5000A0059350.4455Information TechnologyLarge-CapSouth Korea
GAZPROM PJSC COMMON STOCK RUB 5GAZP0.4206Large-CapRussian Federation
SHINHAN FINANCIAL GROUP CO LTD COMMON STOCK KRWA0555500.4004FinancialsLarge-CapSouth Korea
GUANGZHOU R&F PROPERTIES CO LTD COMMON STOCK HKD27770.3909FinancialsSmall-CapChina
HOUSING DEVELOPMENT FINANCE CORP LTD COMMON STOCK0.3816FinancialsLarge-CapIndia
CHINA PETROLEUM & CHEMICAL CORP COMMON STOCK HKD 13860.3736EnergyLarge-CapChina
HYUNDAI MOBIS CO LTD COMMON STOCK KRW 5000A0123300.3730Consumer DiscretionaryLarge-CapSouth Korea
LUKOIL PJSC COMMON STOCK RUB 0.025LKOH0.3682EnergyLarge-CapRussian Federation
SBERBANK OF RUSSIA PJSC COMMON STOCK RUB 3SBER0.3656FinancialsLarge-CapRussian Federation
SK HYNIX INC COMMON STOCK KRW 5000A0006600.3471Information TechnologyLarge-CapSouth Korea
MACQUARIE MEXICO REAL ESTATE MANAGEMENT SA DE CVFIBRAMQ 120.3354FinancialsSmall-CapMexico
BANK OF COMMUNICATIONS CO LTD COMMON STOCK HKD 133280.3335FinancialsLarge-CapChina
BANCO BRADESCO SA PREFERENCE BRL 0BBDC40.3295FinancialsLarge-CapBrazil
PING AN INSURANCE GROUP CO OF CHINA LTD COMMON23180.3202FinancialsLarge-CapChina
WEICHAI POWER CO LTD COMMON STOCK HKD 123380.3192IndustrialsSmall-CapChina
RELIANCE INDUSTRIES LTD COMMON STOCK INR 100.3185EnergyLarge-CapIndia
CHINA COMMUNICATIONS SERVICES CORP LTD COMMON5520.3114Telecommunication ServicesSmall-CapChina
POSCO COMMON STOCK KRW 5000A0054900.3105MaterialsLarge-CapSouth Korea
AMBEV SAABEV30.3059Consumer StaplesLarge-CapBrazil
CHINA OVERSEAS LAND & INVESTMENT LTD COMMON STOCK6880.3046FinancialsLarge-CapChina
AMERICA MOVIL SAB DE CV COMMON STOCK MXN 0AMXL0.2967Telecommunication ServicesLarge-CapMexico
KOREA ELECTRIC POWER CORP COMMON STOCK KRW 5000A0157600.2966UtilitiesLarge-CapSouth Korea
LAO FENG XIANG CO LTD COMMON STOCK USD 19009050.2912Consumer DiscretionarySmall-CapChina
FOMENTO ECONOMICO MEXICANO SAB DE CV UNIT MXN 0FEMSA UBD0.2862Consumer StaplesLarge-CapMexico
KIA MOTORS CORP COMMON STOCK KRW 5000A0002700.2682Consumer DiscretionaryLarge-CapSouth Korea
BANCO DAVIVIENDA SA PREFERENCE COP 160PFDAVVNDA0.2638FinancialsSmall-CapColombia
HARBIN BANK CO LTD COMMON STOCK HKD 161380.2574FinancialsSmall-CapChina
CITIC LTD COMMON STOCK HKD 02670.2471IndustrialsLarge-CapChina
FUBON FINANCIAL HOLDING CO LTD COMMON STOCK TWD 1028810.2470FinancialsLarge-CapTaiwan
YANZHOU COAL MINING CO LTD COMMON STOCK HKD 111710.2470EnergySmall-CapChina
KB FINANCIAL GROUP INC COMMON STOCK KRW 5000A1055600.2427FinancialsMid-CapSouth Korea
TONGAAT HULETT LTD COMMON STOCK ZAR 100TON0.2414Consumer StaplesSmall-CapSouth Africa
AECI LTD COMMON STOCK ZAR 100AFE0.2377MaterialsSmall-CapSouth Africa
CHINA LIFE INSURANCE CO LTD COMMON STOCK HKD 126280.2348FinancialsLarge-CapChina
CNOOC LTD COMMON STOCK HKD 08830.2348EnergyLarge-CapChina
TATA CONSULTANCY SERVICES LTD COMMON STOCK INR 10.2333Information TechnologyLarge-CapIndia
STEINHOFF INTERNATIONAL HOLDINGS NV COMMON STOCKSNH0.2326Consumer DiscretionaryLarge-CapSouth Africa
MRV ENGENHARIA E PARTICIPACOES SA COMMON STOCK BRLMRVE30.2307Consumer DiscretionarySmall-CapBrazil
 

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/22/201612/27/201612/29/2016
09/19/201609/21/201609/23/2016
06/20/201606/22/201606/24/2016
03/21/201603/23/201603/28/2016
12/23/201512/28/201512/30/20150.8353860000.835386
12/29/201412/31/201401/05/20151.0005460001.000546
12/27/201312/31/201301/03/20140.4300620000.430062
12/27/201212/31/201201/03/20130.0519500000.051950

The Morningstar® Emerging Markets Factor Tilt IndexSM measures the performance of stocks located in emerging countries across the world (as defined by Morningstar) with increased exposure to small-capitalization and value stocks. Stocks that are deemed to be small capitalization or small value have an overweighting in the index compared to their weight in a corresponding market-capitalization-weighted index. Like­wise, stocks designated as "large" or "growth" stocks have underweighting compared to a standard market-capitalization weighting.