# Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tltd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FlexShares · Asset class: Equity - Strategy: Passive Index · Inception: 2012-09-25 This fund is designed for investors looking to build a core part of their portfolio, specifically aiming to capitalize on the potential for enhanced returns from small-capitalization and value-oriented companies within developed international markets, outside of the United States. Its primary objective is to generally replicate the overall investment performance, encompassing both capital appreciation and income, of the Morningstar Developed Markets ex-US Factor Tilt Index, before any management fees and operating expenses are deducted. ## Key Facts | Metric | Value | |---|---| | Price | $100.47 | | Expense Ratio | 0.41% | | Assets Under Management | $660.7M | | NAV | $100.11 | | Holdings Count | 2300 | | Distribution Yield (TTM) | 3.31% | | Annual Distribution (TTM) | $3.32 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $86.59 – $105.60 | | Beta | 0.93 | ## Latest Distribution - Amount: $0.4213 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-24 ## Frequently Asked Questions ### What does TLTD invest in? This fund is designed for investors looking to build a core part of their portfolio, specifically aiming to capitalize on the potential for enhanced returns from small-capitalization and value-oriented companies within developed international markets, outside of the United States. Its primary objective is to generally replicate the overall investment performance, encompassing both capital appreciation and income, of the Morningstar Developed Markets ex-US Factor Tilt Index, before any management fees and operating expenses are deducted. ### What is the expense ratio of TLTD? Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) charges an expense ratio of 0.41%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TLTD? Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) manages $660.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TLTD actively managed or an index fund? TLTD is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (TLTD's is 0.41%) because there's no security selection cost. ### When was TLTD launched? Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) launched in September 2012 and is managed by FlexShares. ### How has TLTD performed? TLTD's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does TLTD pay a dividend? Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) currently distributes little or no income. Trailing-twelve-month yield is 3.31%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TLTD pay dividends? Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TLTD's dividend yield? TLTD's trailing-twelve-month yield is 3.31%, calculated from the sum of dividends over the past year divided by the current price. ### When is TLTD's next ex-dividend date? The most recently announced ex-dividend date for TLTD was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will TLTD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.41% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TLTD charge its expense ratio? The expense ratio is deducted in tiny daily slices from TLTD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TLTD cost more than a fund like VOO? TLTD is a passive index fund (current expense ratio 0.41%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to TLTD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TLTD (0.41%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tltd - Distribution history: https://www.dividenddata.com/funds/tltd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tltd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tltd/expenses - Peer comparison: https://www.dividenddata.com/funds/tltd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.