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TLDH
FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund

Price: $25.22
Change: $0.17 (-0.01%)
Category: Global Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.83
  • 52 Week Hi $28.95
  • AUM $6.3 M
  • Shares 0.3 M

Analyst Report

The FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund (TLDH) offers exposure to developed markets outside the U.S., an asset class that includes many of the largest economies in Europe and Asia. The ETF invests exclusively in its sister fund, FlexShares Morningstar Developed Markets ex-US Market Factor Tilt Index Fund (TLTD), and then layers on contracts meant to hedge the risk of currency fluctuations. The currency hedging is why TLDH has a higher fee than TLTD.

To know whether TLDH is a good pick, investors first need to understand TLTD. Developed ex-U.S. stocks are generally a core holding in long-term, buy-and-hold portfolios, and TLTD is one of several ETFs that can be used to achieve exposure to this asset class. The unique attribute of TLTD is its tilt towards small cap and value stocks, based on the premise that these types of securities have the potential to generate excess returns over the long run.

Investors then need to ask themselves whether they want to hedge their currency risk. Currency fluctuations are a major driver of returns and losses, and some analysts argue that currency exposure diversifies risk for investors whose portfolios are dominated by U.S. dollar-denominated securities. TLDH has frequently outperformed its un-hedged sister fund but currencies are notoriously volatile.

Aside from those considerations, there’s the cost to consider. TLTD, the unhedged ETF, allows investors to maintain broad-based exposure to this asset class, but its tactical tilt comes with a higher price tag. TLTD isn’t outrageously priced, but there are plenty of ETFs that offer similar exposure for a much lower management fee, such as the Vanguard FTSE Developed Markets ETF (VEA). There are also other currency-hedged options worth looking at, like the Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) or the iShares Currency Hedged MSCI EAFE ETF (HEFA).

Historical Trading Data

  • 1 Month Avg. Volume 1,013
  • 3 Month Avg. Volume 1,063

Alternative ETFs in the Global Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest NERD 0.25% $46.5 M 48,332 51.35%
Largest (AUM) BOTZ 0.68% $1.7 B 923,251 23.00%
Most Liquid (Volume) BOTZ 0.68% $1.7 B 923,251 23.00%
Top YTD Performer NERD 0.25% $46.5 M 48,332 51.35%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

2
Number of Holdings
100.00%
% Assets in Top 10
Number of Holdings
2

% Assets in Top 10
100.00%

Sector Breakdown

Asset Percentage
Common equity 73.76%
ETF Cash Component 25.72%
Preferred stock 0.51%
Sector Percentage
ETF Cash Component 25.72%
Financials 16.32%
Industrials 12.67%
Consumer, Cyclical 9.34%
Basic Materials 6.5%
Healthcare 6.04%
Consumer, Non-Cyclical 5.69%
Technology 3.85%
Energy 3.4%
Other 3.28%
Communications 2.63%
Real Estate 2.32%
Utilities 2.15%
Non-Equity 0.09%
Market Cap Percentage
Large cap 45.83%
ETF Cash Component 25.72%
Small cap 18.61%
Mid cap 6.82%
Micro cap 2.96%
Unknown 0.06%
Region Percentage
Europe 40.89%
ETF Cash Component 25.72%
Asia-Pacific 24.79%
North America 7.36%
Middle East 0.58%
Asia 0.4%
Latin America 0.14%
Africa 0.11%
Region Percentage
Developed Markets (ex-US) 72.57%
ETF Cash Component 25.72%
United States 0.84%
Emerging Markets 0.55%
Frontier Markets 0.19%
Not-designated 0.13%
Country Percentage
ETF Cash Component 25.72%
Japan 18.58%
United Kingdom 9.94%
Canada 6.52%
Germany 6.08%
France 5.87%
Switzerland 5.13%
Australia 3.59%
Netherlands 3.2%
Sweden 2.26%
Italy 1.88%
Spain 1.77%
Hong Kong 1.66%
Denmark 1.5%
United States 0.84%
Finland 0.81%
Singapore 0.75%
Belgium 0.65%
Israel 0.58%
Norway 0.5%
Ireland 0.47%
Luxembourg 0.28%
New Zealand 0.21%
Austria 0.2%
Colombia 0.14%
Portugal 0.14%
Malta 0.13%
China 0.13%
South Africa 0.11%
Taiwan 0.09%
Georgia 0.09%
India 0.08%
Cyprus 0.06%
Monaco 0.03%
Cambodia 0.02%
Asset Percentage
Common equity 73.76%
ETF Cash Component 25.72%
Preferred stock 0.51%

TLDH Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
20.18

TLDH Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.27
Dividend Date
2020-06-25
Annual Dividend Rate
$1.04

$0.27
Dividend
2020-06-25
Dividend Date
$1.04
Annual Dividend Rate
Annual Dividend Yield
4.08%

TLDH Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -1.07 M 1 Year Net Flows: -1.07 M 3 Year Net Flows: -10.08 M 5 Year Net Flows: 2.84 M 10 Year Net Flows: 2.84 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for TLDH on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Global Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

TLDH Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.76%
Expense Ratio
0.44%
ESG Themes and Scores
6.54/10
ESG Score
70.68%
Global Percentile
84.62%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      6.19%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      157.77
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      6.19%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      8.0%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

TLDH Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-3.10%
1 Week Return
-2.85%
4 Week Return
1.72%
13 Week Return
15.90%
26 Week Return
-11.79%
Year to Date Return
-5.34%
1 Year Return
-0.01%
3 Year Return
No Ranking Available
5 Year Return
1 Week Return
-3.10%

4 Week Return
-2.85%

13 Week Return
1.72%

26 Week Return
15.90%

Year to Date Return
-11.79%

1 Year Return
-5.34%

3 Year Return
-0.01%

5 Year Return
No Ranking Available

TLDH Price and Volume Chart

TLDH Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
110.08%
Rank
22 of 50

20 Day Volatility
14.49%
Rank
41 of 50

50 Day Volatility
13.99%
Rank
41 of 50

200 Day Volatility
18.97%
Rank
37 of 48

Beta
0.78
Rank
38 of 49

Standard Deviation
2.34%
Rank
29 of 38

Technicals

  • 20 Day MA $25.71
  • 60 Day MA $25.45
  • MACD 15 Period -0.47
  • MACD 100 Period 0.18
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 100.00
  • RSI 10 Day 37
  • RSI 20 Day 45
  • RSI 30 Day 48
  • Ultimate Oscillator 32

Bollinger Brands

  • Lower Bollinger (10 Day) $25.11
  • Upper Bollinger (10 Day) $26.32
  • Lower Bollinger (20 Day) $25.22
  • Upper Bollinger (20 Day) $26.20
  • Lower Bollinger (30 Day) $25.29
  • Upper Bollinger (30 Day) $26.16

Support & Resistance

  • Support Level 1 $25.22
  • Support Level 2 $25.22
  • Resistance Level 1 $25.22
  • Resistance Level 2 $25.22

Stochastic

  • Stochastic Oscillator %D (1 Day) 59.96
  • Stochastic Oscillator %D (5 Day) 20.26
  • Stochastic Oscillator %K (1 Day) 53.43
  • Stochastic Oscillator %K (5 Day) 38.52

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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