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Launched · SEC filings

Northern Trust Morningstar Emerging Markets Factor Tilt ETF

TLTENYSE ArcaFlexSharesD

$69.49−0.53 (−0.76%)

As of Nov 10, 2026, 11:02 AM ET

D32/ 100

Rank 17 of 20 in Emerging Markets Multifactor

D32/100Rank 17 of 20inEmerging Markets Multifactor
Intraday session: down, 16 prints from 70.02 to 69.49. Range 69.49 to 70.02. Use the arrow keys to read each point.69.6069.7069.8069.9010 AM12 PM2 PM4 PM
Expense ratio
0.57%*
Fund size
$312M
1Y total return
+13.2%
Yield · Last 12 months
3.57%
Holdings
2943
Avg volume · 30D
6.52K sh
52W range
low $62.11high $80.63
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Mar 1, 2027. Without it: 0.58%.

The ETF.net TLTE Grade

D

Score 32 out of 100

Category
Emerging Markets Multifactor⁠
Rank
17 of 20
Six-pillar profile for TLTE. Scores out of 100: Cost 16, Risk 44, Mission 100, Tradability 27, Holdings 57, Durability 63. Strongest: Mission (100). Weakest: Cost (16). Leans toward Mission.

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.
    F16 out of 100
    Rank 17 of 20

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 3

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 12 of 19

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 16 of 20

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 10 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 8 of 20

Our read on TLTE

ETF.net Research

In short

DMost emerging-market factor funds cut the universe down to a few hundred names. TLTE keeps roughly 3,000 stocks and simply leans the weights toward small-cap and value. A tilt, not a screen.

Stated mandate

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

  • A tilt, not a screen: it holds roughly 3,000 emerging-market stocks and overweights the small-cap and value ones rather than cutting names out of the portfolio.sec.gov
  • Morningstar sorts each stock into one of 12 size-and-style boxes, then tilts the weights. Published rules, semi-annual reconstitution, no manager hunches.sec.govflexshares.com
  • Label and portfolio line up: broad emerging-market equity with the advertised small-cap and value lean, and it pays quarterly.
  • Live since 2012, which makes it one of the longer-running factor-tilt options in emerging markets.flexshares.com

Worth knowing

  • Cost is the trade-off: 0.57% net of a waiver through March 1, 2027 (0.58% gross), above the category median. EMGF charges 0.26% and FDEM 0.25%.
  • Thinly traded, so spreads can run wider than at the category's headline names and size orders can nudge the price.
  • Leaning into small and micro caps stacks extra volatility and liquidity risk on top of the usual currency and single-country swings, as the prospectus spells out.sec.gov

TLTE Performance

Launched Sep 25, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TLTE$11,317
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. TLTE $11,317. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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.

Trailing total return for TLTE. Periods over one year show the average yearly return.
PeriodTLTE
Year to date+10.9%
1 month−8.3%
3 months−6.4%
1 year+13.2%
3 yearsper year+17.8%
5 yearsper year+6.6%
10 yearsper year+7.3%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TLTE
YearReturn barTLTE
2026 YTD+10.9%
2025+30.2%
2024+3.5%
2023+13.7%
2022−17.3%
2021+4.8%
2020+12.1%

TLTE in the news

TLTE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.57%Last 12 months
Payout per share
$2.50Last 12 months
Last payment
$0.58 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 34 payments from 2017 to 2026 YTD. Jun 19, 2017 $0.22; Sep 18, 2017 $0.68; Dec 21, 2017 $0.36; Mar 19, 2018 $0.09; Jun 18, 2018 $0.37; Sep 24, 2018 $0.75; Dec 21, 2018 $0.23; Mar 15, 2019 $0.03; Jun 21, 2019 $0.49; Sep 20, 2019 $0.71; Dec 20, 2019 $0.49; Mar 20, 2020 $0.07; Jun 19, 2020 $0.41; Sep 18, 2020 $0.46; Dec 18, 2020 $0.20; Mar 19, 2021 $0.10; Jun 18, 2021 $0.35; Sep 17, 2021 $0.52; Dec 17, 2021 $0.93; Mar 18, 2022 $0.06; Jun 17, 2022 $0.55; Sep 16, 2022 $0.82; Dec 16, 2022 $0.63; Jun 16, 2023 $0.27; Sep 15, 2023 $0.58; Dec 15, 2023 $1.20; Jun 21, 2024 $0.06; Sep 20, 2024 $0.22; Dec 20, 2024 $1.62; Jun 20, 2025 $0.18; Sep 19, 2025 $0.57; Dec 19, 2025 $1.64; Jun 18, 2026 $0.28; Sep 18, 2026 $0.58. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 24, 2026$0.58
Jun 18, 2026Jun 25, 2026$0.28
Dec 19, 2025Dec 26, 2025$1.64
Sep 19, 2025Sep 25, 2025$0.57
Jun 20, 2025Jun 26, 2025$0.18
Dec 20, 2024Dec 27, 2024$1.62
Sep 20, 2024Sep 26, 2024$0.22
Jun 21, 2024Jun 27, 2024$0.06
Dec 15, 2023Dec 21, 2023$1.20
Sep 15, 2023Sep 21, 2023$0.58
Jun 16, 2023Jun 23, 2023$0.27
Dec 16, 2022Dec 22, 2022$0.63

See all 42 payments⁠

$10,000 in TLTE 10 years ago paid $3,746 in dividends.⁠

TLTE Risk

Risk pillarC44 out of 100Rank 12 of 19 in Emerging Markets Multifactor
How much the fund’s monthly returns vary, scaled to a year.
15.3%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.93
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−29.5%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TLTE Cost

Compare TLTE and QLVE

Overpaying vs QLVE, cheapest in Emerging Markets Multifactor

$7,522

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TLTE 0.57%

    $11,271

  • QLVE 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • TLTE 0.57%
  • QLVE 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TLTE $11,271QLVE $3,749

Year by year

YearTLTEQLVEOverpaying
10$1,023$328$695
20$3,921$1,281$2,640
30$11,271$3,749$7,522
How the 0.57% is worked out

Full fee 0.58%− waiver 0.01%= you pay 0.57%

The waiver ends Mar 1, 2027. After that the fee is 0.58% unless FlexShares renews it. Source: prospectus, Aug 2026.

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