FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund (TLEH)
FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $33.74, up 2.33% on the session, giving a market capitalisation of $1.6M. Its beta of 0.95 implies it has historically moved less than the broad market.
This fund, TLEH, aims to replicate the performance of the Morningstar Emerging Markets Factor Tilt Hedged IndexSM, tracking both its price movements and income generation before any operational costs. The underlying index is designed with a dual focus: it selects emerging market companies that exhibit stronger "size" and "value" investment characteristics compared to the broader Morningstar Emerging Markets Index, and it actively mitigates currency fluctuations by hedging its exposure to non-USD currencies against the U.S. dollar every month. To achieve its objective, the fund commits a minimum of 80% of its total assets directly into the securities included in this specialized index, or into American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that represent those same underlying securities. It operates as a non-diversified fund, meaning its investments may be more concentrated.
FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund is most often compared with the following Financial Services names: