ETF Trace

Fund report

US-listed

TLTD

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar® Developed Markets ex-US Factor Tilt Index SM.
FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund
FlexShares (Northern Trust)

2,296 holdings as of 2026-07-31 · top 10 = 7.7% · TER 0.39% · P/E 15.5

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Concentration
Well diversifiedtop 10 = 7.7%
diversifiedconcentrated
GROWTH · NAV (USD)rebased to 0%
Holdings
2,296
as of 2026-07-31
Top 10
7.7%
TER
0.39%
cheaper than 62% of peers
Net assets
US$670M
Largest
1.2%
P / E
15.5
covers 89% by weight
Sections
Holdings as of 2026-07-31.
01Overview
the fund's regulatory facts
Fund currency
USD
Volatility 1Y
15.2%
Tracked index
Morningstar® Developed Markets ex-US Factor Tilt Index SM
How it tracks
Index, sampling
Lends its stock
Yes
02Valuation and performance
market price return · as of 2026-10-16
1M
-2.3%
3M
+1.4%
6M
-0.4%
YTD
+8.1%
1Y
+12.2%
Valuation2,080 companies covered · weighted, profitable holdings only
15.5
price / earnings
MethodologyCompany-data coverageThe rest is 5% loss-making companies, which carry no P/E by the positive-earner convention; 2% bonds, cash or other non-equity; 4% cannot be reliably linked to the financial and market data used in this analysis. We exclude uncertain matches rather than estimate them.
5.6%
MethodologyEarnings yieldP/E is price over earnings; earnings yield is the reverse, earnings over price, and reads like a bond yield. P/E covers only the profitable holdings, since a loss-making company has no meaningful P/E. Earnings yield counts the loss-makers too, so it covers more of the fund and can fall below zero when the holdings lose money overall.
covers 94% by weight
1.40
price / book
covers 90% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings
50 largest · as of 2026-07-31
#CompanyIdentifierWeight
1ASML Holding N.V. NLASML
1.2
2HSBC Holdings PLC GBHSBA
1.2
3Shell PLC GBSHEL
0.8
4METROPOLITAN LIFE INSURANCE COMPANY US–
0.7
5Toyota Motor Corp. JP7203
0.7
6Banco Santander SA ESSAN
0.7
7Allianz SE DEALV
0.6
8TotalEnergies SE FRTTE
0.6
9Roche Holding AG CHROP SW
0.6
10Novartis AG CHNOVN
0.6
11Royal Bank of Canada CARY
0.5
12Sumitomo Mitsui Financial Group Inc. JP8316
0.5
13Banco Bilbao Vizcaya Argentaria SA ESBBVA
0.5
14AstraZeneca PLC GBAZN
0.5
15Mitsubishi UFJ Financial Group Inc. JP8306
0.5
16UniCredit SpA ITUCG
0.5
17Nestle SA CHNESN
0.5
18Siemens AG DESIE
0.4
19British American Tobacco PLC GBBATS
0.4
20BNP Paribas SA FRBNP
0.4
21Mizuho Financial Group Inc. JP8411
0.4
22BHP Group Ltd. AUBHP
0.4
23Commonwealth Bank of Australia AUCBA
0.4
24Toronto-Dominion Bank/The CATD
0.4
25Intesa Sanpaolo SpA ITISP
0.4
26Bank of Nova Scotia/The CABNS
0.4
27BP PLC GBBP/
0.4
28GSK plc GBGSK
0.4
29Deutsche Telekom AG DEDTE
0.3
30SAP SE DESAP
0.3
31Investor AB SEINVEB
0.3
32ING Groep N.V. NLINGA
0.3
33Schneider Electric SE FRSU
0.3
34Rio Tinto PLC GBRIO
0.3
35Tokio Marine Holdings Inc JP8766
0.3
36Canadian Natural Resources Ltd CACNQ
0.3
37Barclays PLC GBBARC
0.3
38UBS Group AG CHUBS
0.3
39Rolls-Royce Holdings PLC GBRR/
0.3
40Sanofi SA FRSAN
0.3
41Advantest Corp JP6857
0.3
42Tokyo Electron Ltd JP8035
0.3
43SHOPIFY SUBORDINATE VOTING INC CLA CASHOP
0.3
44Lloyds Banking Group PLC GBLLOY
0.3
45ITOCHU Corp JP8001
0.3
46ABB Ltd CHABBN
0.3
47Hitachi Ltd JP6501
0.3
48AXA SA FRCS
0.3
49Iberdrola SA ESIBE
0.3
50Adecco Group AG CHADEN
0.3
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04Exposure
Equity 98.3%Cash 1.7%
By sector
Financial Services25.4%
Industrials17.2%
Consumer Cyclical10.9%
Materials9.8%
Technology6.3%
Healthcare6.0%
Energy5.7%
Consumer Defensive5.3%
Communication Services3.8%
Real Estate3.4%
Utilities3.2%
By country
JPJapan26.1%
GBUnited Kingdom13.2%
CACanada10.0%
FRFrance8.0%
DEGermany6.3%
CHSwitzerland5.3%
AUAustralia5.1%
NLNetherlands3.4%
CurrencyEUR 26.9% JPY 26.1% GBP 13.9% CAD 10.0% CHF 5.3%
05Similar funds
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VT
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