Northern Trust Morningstar Emerging Markets Factor Tilt ETF
$76.89−1.56 (−1.98%)
- Expense ratio
- 0.58%
- Fund size
- $356M
- 1Y return
- +28.2%
- Yield · Last 12 months
- 3.19%
- Holdings
- 3041
- Volume · 30D
- 0M sh
- NAV per share
- $77.41
- 52W range
The ETF.net TLTE Grade
Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 18Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 65Category rank
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
- 3,041
- 25%
- 2330.TW
Sectors
- Technology31.4%
- Financials20.0%
- Industrials10.3%
- Consumer Discr.10.2%
- Materials7.5%
- Communication4.3%
- Cons. Staples3.9%
- Real Estate3.8%
- Energy3.4%
- Health Care2.8%
- Utilities2.3%
Geography
- Taiwan24.76%
- South Korea22.28%
- China14.68%
- India9.92%
- Brazil5.25%
- South Africa4.18%
- Hong Kong2.06%
- United Arab Emirates2.02%
- 14.83%
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.
Returns run to the Sep 22, 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 | +24.1% |
| 1 month | +2.8% |
| 3 months | −1.9% |
| 1 year | +28.2% |
| 3 years | +21.7% |
| 5 years | +9.0% |
| 10 years | +8.2% |
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 | +24.1% | |
| 2025 | +30.2% | |
| 2024 | +3.5% | |
| 2023 | +13.7% | |
| 2022 | −17.3% | |
| 2021 | +4.8% | |
| 2020 | +12.1% |
TLTE in the news
ETF.net Research hasn’t filed on TLTE yet — coverage lands here as it’s written.
TLTE Dividends
- 3.19%
- $2.50
- $0.58 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 18, 2026 | Pays Sep 24, 2026 | $0.58 |
| Jun 18, 2026 | Jun 25, 2026 | $0.28 |
| Dec 19, 2025 | Dec 26, 2025 | $1.64 |
| Sep 19, 2025 | Sep 25, 2025 | $0.57 |
| Jun 20, 2025 | Jun 26, 2025 | $0.18 |
| Dec 20, 2024 | Dec 27, 2024 | $1.62 |
| Sep 20, 2024 | Sep 26, 2024 | $0.22 |
| Jun 21, 2024 | Jun 27, 2024 | $0.06 |
| Dec 15, 2023 | Dec 21, 2023 | $1.20 |
| Sep 15, 2023 | Sep 21, 2023 | $0.58 |
| Jun 16, 2023 | Jun 23, 2023 | $0.27 |
| Dec 16, 2022 | Dec 22, 2022 | $0.63 |
TLTE Risk
- 14.7%
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.
- 1.03
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
- The middle half of Emerging Markets Multifactor funds
- Median 0.47%
15 of the 20 Emerging Markets Multifactor funds charge less.