Northern Trust Morningstar Emerging Markets Factor Tilt ETF
$75.30−0.47 (−0.62%)
- 0.58%
- $353M
- +28.1%
- 3.30%
- 0M sh
- $76.76
- low $62.11high $80.63
The ETF.net TLTE Grade
D
Score 32 out of 100
- 18 of 20
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F18 out of 100Rank 16 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 3Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 11 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 18 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 13 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 7 of 20
Our read on TLTE
DMost multifactor emerging-market funds screen down to a few hundred names. TLTE owns roughly 3,000 and simply leans harder into small-cap and value, tracking a Morningstar tilt index that has been its mandate since 2012.
The Fund seeks to track the price and yield performance of the Morningstar Emerging Markets Factor Tilt Index, providing exposure to emerging-market stocks with an emphasis on small-capitalization and value characteristics.
Why people hold it
- Holds roughly 3,000 emerging-market stocks and gets its small-cap and value lean by overweighting those names rather than cutting the rest of the market out.flexshares.com
- Does the one job an index fund is hired for: the portfolio has tracked the Morningstar Emerging Markets Factor Tilt Index closely rather than drifting from it.
- Live since 2012, with a record spanning several full emerging-market cycles, and it pays out quarterly.
Worth knowing
- The 0.58% expense ratio sits above the typical multifactor EM fund, and cheaper factor takes exist (EMGF at 0.26%, AVES at 0.36%).
- Thinly traded, so the bid-ask spread can be a bigger share of your total cost here than in the largest emerging-market index funds.
- The small-cap and value tilt is built to look different from a plain cap-weighted EM index, which means stretches of moving out of step with it.
TLTE Holdings
- Stocks
- 2,945
- 25%
- 2330.TW
Sectors
- Technology32.9%
- Financials19.8%
- Industrials10.3%
- Consumer Discretionary9.8%
- Materials7.1%
- Communication4.1%
- Real Estate3.7%
- Consumer Staples3.7%
- Energy3.5%
- Health Care2.8%
- Utilities2.3%
Geography
- Taiwan25.32%
- South Korea22.29%
- China14.59%
- India9.41%
- Brazil6.25%
- South Africa3.87%
- Hong Kong2.06%
- United Arab Emirates1.95%
- 14.26%
Developed 2% · Emerging 98%
TLTE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TLTE$12,810
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TLTE |
|---|---|
| Year to date | +20.0% |
| 1 month | −2.3% |
| 3 months | −0.1% |
| 1 year | +28.1% |
| 3 years | +20.9% |
| 5 years | +8.5% |
| 10 years | +8.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TLTE |
|---|---|---|
| 2026 YTD | +20.0% | |
| 2025 | +30.2% | |
| 2024 | +3.5% | |
| 2023 | +13.7% | |
| 2022 | −17.3% | |
| 2021 | +4.8% | |
| 2020 | +12.1% |
TLTE in the news
TLTE Dividends
- 3.30%
- $2.50
- $0.58 per share
- Quarterly
Distribution history
TLTE Risk
- 14.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.07
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TLTE Cost
0.58%
TLTE0.58%
- The middle half of Emerging Markets Multifactor funds
- Median 0.47%
15 of the 20 Emerging Markets Multifactor funds charge less.
Other funds in Emerging Markets Multifactor
- DECONColumbia Research Enhanced Emerging Economies ETFExpense ratio 0.49%1 year return +35.9%
- DFEMFirst Trust Emerging Markets AlphaDEX FundExpense ratio 0.80%1 year return +31.0%
- DGEMGoldman Sachs ActiveBeta Emerging Markets Equity ETFExpense ratio 0.59%1 year return +30.1%
- DFEMSFirst Trust Emerging Markets Small Cap AlphaDEX FundExpense ratio 0.80%1 year return +15.8%
- DFTHFFirst Trust Emerging Markets Human Flourishing ETFExpense ratio 0.75%1 year return +73.0%