TLEH

Fund Description
FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund seeks to enhance exposure to emerging market equities by tilting the portfolio toward the long-term growth potential of the smaller-cap and value segments. It seeks to provide investors with a core emerging markets stock market option that helps to meet their longer-term capital appreciation needs. Designed to replace traditional market-weighted international equity products, the Fund applies a tilt to small-cap and value stocks using a multi-factor modeling approach that attempts to enhance portfolio risk/return characteristics. In addition, one-month currency forwards contracts are used to reduce exposure to potential volatility in currencies with respect to the US-dollar. If occurring, dividends from net investment income are generally declared and paid annually. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis. The Morningstar Emerging Markets Factor Tilt Hedged IndexSM (the Currency Hedge Index) measures the performance of the Morningstar Emerging Markets Factor Tilt IndexSM (the Benchmark Index) after applying a practical hedging program, limiting the effects of currency fluctuations. Hedging each foreign currency in the portfolio, relative to an investors home currency, is a close estimation of the return a local investor can achieve. The U.S. dollar is the default home currency for the Currency Hedge Index. The Currency Hedge Index is long the Benchmark Index and short currency forwards whose notional amount is based on market capitalization of foreign currencies in the Benchmark Index. In other words, the hedge ratio, that is, the proportion of the portfolios currency exposure that is hedged is set to 100%.
Fund Profile
Fund Name FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund
Fund Exchange Ticker TLEH
Fund Sponsor Flexshares (Northern Trust)
Fund ISIN US33939L7120
Net Expense Ratio 0.64 %
Fund Inception Date 9 November 2015
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Morningstar Emerging Markets Factor Tilt Hedged Index
Index Provider Morningstar
Currency Hedged Yes
Inverse / Leveraged Not Applicable
Developed / Emerging Emerging Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Value
Continent Not Applicable
Key Statistics
Return As of Date 21 March 2019
Asset Under Management 5.86 Million (USD)
1 Month Total Return 1.89 %
Year To Date Return 12.30 %
1 Year Total Return -4.91 %
3 Year Annualized Total Return 8.97 %
NAV 29.29
Share Outstanding 200,001
Top 10 Holdings (20 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SAMSUNG ELECTRONICS CO LTD 005930 EQUI 0.0362710000
TENCENT HOLDINGS LTD COMMON STOCK HKD 0.00002 700 EQUI 0.0210720000
ALIBABA GROUP HOLDING-SP ADR BABA EQUI 0.0189950000
CHINA CONSTRUCTION BANK CORP COMMON STOCK HKD 1 939 EQUI 0.0165460000
TAIWAN SEMICONDUCTOR MANUFAC 2330 EQUI 0.0118610000
CHINA MOBILE LTD COMMON STOCK HKD 0 941 EQUI 0.0105570000
INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD COMMON 1398 EQUI 0.0102450000
NASPERS LTD COMMON STOCK ZAR 2 NPN EQUI 0.0078640000
VALE SA COMMON STOCK BRL 0 VALE3 EQUI 0.0071540000
SK HYNIX INC COMMON STOCK KRW 5000 000660 EQUI 0.0062410000