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 5 August 2020
Asset Under Management 3.49 Million (USD)
1 Month Total Return 2.67 %
Year To Date Return -1.76 %
1 Year Total Return 9.82 %
3 Year Annualized Total Return 1.18 %
NAV 27.9
Share Outstanding 125,001
Top 10 Holdings (4 August 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
CHINA CITIC BANK CORP LTD-H 998 EQUI
YANGO GROUP CO LTD-A 000671 EQUI
NINGBO ZHOUSHAN PORT CO LT-A 601018 EQUI
KRUNGTHAI CARD PCL-NVDR KTC-R EQUI
ZHAOJIN MINING INDUSTRY - H 1818 EQUI
BARLOWORLD LTD BAW EQUI
RESILIENT REIT LTD RES EQUI
AIR ARABIA AIRARABI AIRARABI EQUI
CREDICORP LTD BAP EQUI
LOTTE FINE CHEMICAL CO LTD 004000 EQUI