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.
Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF
FlexShares (Northern Trust)

2,369 holdings as of 2026-04-30 · top 10 = 7.6% · TER 0.39% · P/E 16.0

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Concentration
Well diversifiedtop 10 = 7.6%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
2,369
as of 2026-04-30
Top 10
7.6%
TER
0.39%
cheaper than 62% of peers
Net assets
US$634M
Largest
1.1%
P / E
16.0
covers 87% by weight
01Overview
the fund's regulatory facts
Fund currency
USD
Volatility 1Y
15.0%
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 2026-09-03
1M
+2.7%
3M
+4.2%
6M
+9.0%
YTD
+13.6%
1Y
+21.9%
Valuation2,117 companies covered · weighted, profitable holdings only
16.0
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; 5% cannot be reliably linked to the financial and market data used in this analysis. We exclude uncertain matches rather than estimate them.
5.4%
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 92% by weight
1.42
price / book
covers 88% 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 2026-04-30
#CompanyIdentifierWeight
1ASML Holding N.V. NLASML
1.1
2HSBC Holdings PLC GBHSBA
1.0
3METROPOLITAN LIFE INSURANCE COMPANY US
0.9
4Shell PLC GBSHEL
0.8
5Toyota Motor Corp. JP7203
0.7
6CF SECURED LLC US
0.6
7TotalEnergies SE FRTTE
0.6
8Toronto-Dominion Bank/The CATD
0.6
9Banco Santander SA ESSAN
0.6
10Allianz SE DEALV
0.6
11Roche Holding AG CHROP SW
0.6
12AstraZeneca PLC GBAZN
0.5
13Novartis AG CHNOVN
0.5
14Nestle SA CHNESN
0.5
15Royal Bank of Canada CARY
0.5
16Sumitomo Mitsui Financial Group Inc. JP8316
0.4
17Banco Bilbao Vizcaya Argentaria SA ESBBVA
0.4
18British American Tobacco PLC GBBATS
0.4
19Siemens AG DESIE
0.4
20Commonwealth Bank of Australia AUCBA
0.4
21Mitsubishi UFJ Financial Group Inc. JP8306
0.4
22UniCredit SpA ITUCG
0.4
23BP PLC GBBP/
0.4
24Bank of Montreal CABMO
0.4
25BNP Paribas SA FRBNP
0.4
26Sanofi SA FRSAN
0.4
27Rio Tinto PLC GBRIO
0.3
28Deutsche Telekom AG DEDTE
0.3
29Mizuho Financial Group Inc. JP8411
0.3
30BHP Group Ltd. AUBHP
0.3
31SAP SE DESAP
0.3
32GSK plc GBGSK
0.3
33Intesa Sanpaolo SpA ITISP
0.3
34Bank of Nova Scotia/The CABNS
0.3
35Investor AB SEINVEB
0.3
36Mitsui & Co Ltd JP8031
0.3
37Schneider Electric SE FRSU
0.3
38THE BANK OF NOVA SCOTIA, TORONTO CA
0.3
39Siemens Energy AG DEENR
0.3
40Canadian Natural Resources Ltd CACNQ
0.3
41ABB Ltd CHABBN
0.3
42ING Groep N.V. NLINGA
0.3
43Enel SpA ITENEL
0.3
44ITOCHU Corp JP8001
0.3
45Tokio Marine Holdings Inc JP8766
0.3
46Barclays PLC GBBARC
0.3
47SHOPIFY SUBORDINATE VOTING INC CLA CASHOP
0.3
48Iberdrola SA ESIBE
0.3
49Suncor Energy Inc CASU
0.3
50Hitachi Ltd JP6501
0.3
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04Exposure
Equity 97.6%Cash 2.3%
By sector
Financial Services24.2%
Industrials18.2%
Materials10.5%
Consumer Cyclical9.4%
Energy6.8%
Technology6.5%
Healthcare6.0%
Consumer Defensive5.2%
Utilities3.5%
Communication Services3.3%
Real Estate3.0%
By country
JPJapan26.6%
GBUnited Kingdom12.0%
CACanada11.2%
FRFrance7.6%
DEGermany6.5%
CHSwitzerland5.1%
AUAustralia4.7%
NLNetherlands3.3%
CurrencyJPY 26.6% EUR 26.5% GBP 12.4% CAD 11.2% CHF 5.1%
05Similar funds
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Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

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