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FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund (TLEH) ETF Holdings & Analysis
ETFOther
What TLEH does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| KRW/USD FWD 20210317 STAR USD | 32.59% | |
| TOWER BERSAMA INFRASTRUCTURE TBIG | 7.68% | |
| SURYA CITRA MEDIA PT TBK | 7.46% | |
| CIPUTRA DEVELOPMENT TBK PT CTRA | 7.24% | |
| JASA MARGA (PERSERO) TBK PT JSMR | 7.00% | |
| MITRA ADIPERKASA TBK PT MAPI | 4.72% | |
| HANSON INTERNATIONAL TBK PT MYRX | 3.40% | |
| CEMENTOS ARGOS SA - PREF | 1.77% | |
| PT VALE INDONESIA TBK | 1.49% | |
| CEMENTOS ARGOS SA CEMARGOS | 1.23% |
Sector allocation
| Basic Materials | 9.33% |
| Communication Services | 7.47% |
| Consumer Cyclical | 12.34% |
| Consumer Defensive | 5.06% |
| Energy | 4.57% |
| Financial Services | 22.56% |
| Healthcare | 3.16% |
| Industrials | 8.01% |
| Real Estate | 5.80% |
| Technology | 16.76% |
| Utilities | 4.95% |
Geographic allocation
| Other | 99.64% |
| United States | 0.83% |
| France | -0.48% |
| Netherlands | — |
PortView Portfolio Insights
PortView analyzes how TLEH fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does TLEH track?
- TLEH is the FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund, a Other ETF.
- What is the expense ratio of TLEH?
- Expense ratio data for TLEH is shown on the page when available from our data provider.
- What are the largest holdings in TLEH?
- Top holdings include KRW, TBIG IJ, SCMA IJ, CTRA IJ, JSMR IJ.
- How can PortView analyze TLEH overlap with other ETFs?
- PortView computes the holdings overlap between TLEH and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.