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ETFs

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

TLTE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 25 2012
Expense Ratio
0.59%
Type
Global Ex. US Equities
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$403,164
AUM
$235,200,048
Associated Index
Morningstar Emerging Markets Factor Tilt Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with TLTE

What is TLTE?

FlexShares Morningstar Emerging Market Factor Tilt Index ETF seeks to enhance exposure to developing market stocks by tilting the portfolio toward the long-term growth potential of the small cap and value segments. It seeks to provide investors with an emerging market equity option that helps to meet their longer term capital appreciation needs. Designed to replace traditional market-weighted emerging market equity products, the Fund applies a tilt to smaller cap and value stocks using a multi-factor modeling approach that attempts to enhance portfolio risk/return characteristics. Realized capital gains and income dividends are anticipated to be declared and paid at least annually.

ETFs related toTLTE

ETFs correlated to TLTE include AVEM, DFAE, DFEM

TLTE
FlexShares Trust - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
DEHP
Dimensional ETF Trust - Dimensional Emerging Markets High Profitability ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTLTE

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TLTE using Composer

FAQ

TLTE is a Global Ex. US Equities ETF. FlexShares Morningstar Emerging Market Factor Tilt Index ETF seeks to enhance exposure to developing market stocks by tilting the portfolio toward the long-term growth potential of the small cap and value segments. It seeks to provide investors with an emerging market equity option that helps to meet their longer term capital appreciation needs. Designed to replace traditional market-weighted emerging market equity products, the Fund applies a tilt to smaller cap and value stocks using a multi-factor modeling approach that attempts to enhance portfolio risk/return characteristics. Realized capital gains and income dividends are anticipated to be declared and paid at least annually.

TLTE tracks the Morningstar Emerging Markets Factor Tilt Index.

No, TLTE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TLTE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TLTE is -0.0187%. This is the percent change in the value of TLTE over the most recent 1-month period. The 3-month return on TLTE is 0.0252%. This is the percent change in the value of TLTE over the most recent 3-month period.

The standard deviation of TLTE for the past year is 0.1901%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TLTE include ARKK, TAN, and EFG.

ETFs correlated to TLTE include AVEM, DFAE, and DFEM.

ETFs that are inversely correlated to TLTE include EDZ, EUM, and EFZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.