Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) is a developed ex-US international ETF. As of October 9, 2026, ETF Copilot scores TLTD 4.5 out of 10 — highest on Risk (6.2), lowest on Quality (2.8). It trades at 13.9 times earnings, against its own median of 13.2. Its ten largest holdings are 8% of the fund.
What stands out in TLTD's data
Developed ex-US equities, tilted toward smaller value companies.
Trades cheaper than the typical developed-market foreign fund — you pay less for the same earnings stream.
Trailing EBITDA multiple of 7.9x ranks among the cheapest in the category, versus the 10.4x median. Holdings 2,253 stocks, providing broad diversification.
A value tilt for the international sleeve of a portfolio, built on smaller companies.
Why did TLTD move this week? It fell 0.8% in the week to October 9, 2026 — ASML and Deutsche Telekom drove it
TLTD fell 0.8% in the week to October 9, 2026. The holdings that moved it most were ASML (−3.4%), Deutsche Telekom (−7.3%) and Ams-Osram (−15.3%); Shell (+5.7%) pushed the other way.
How is TLTD rated? ETF Copilot scores Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) 4.5 out of 10
As of October 9, 2026, ETF Copilot scores Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) 4.5 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.5 / 10
- Growth: 3.6 / 10
- Value: 4.6 / 10
- Risk: 6.2 / 10
- Quality: 2.8 / 10
- Return: 5.3 / 10
Is TLTD expensive right now? It trades at 13.9 times earnings, against its own median of 13.2
As of October 9, 2026, TLTD is more expensive than 65% of its own last 9 years.
Trailing 12 months, built from TLTD's holdings. How we calculate this →
What's inside TLTD?
What's inside TLTD: Size (Large 48%, Mid 18%, Small 34%); Geography (International 100%, US 0%); Tech 8.2%; AI 0.3%; Semiconductors 3.3%; Memory 1.0%.
What are TLTD's top holdings? The ten largest are 8% of the fund
ASML, HSBC, Shell, Banco Santander, Toyota Motor, Totalenergies SE, Allianz SE, Roche, Novartis and Sumitomo Mitsui Financial are TLTD's largest holdings, in that order.
Less concentrated than 89% of Developed ex-US ETFs.
Half of TLTD's weight sits in its 218 largest positions, and once those weights are taken into account it behaves like 507 equally weighted holdings.
What is TLTD's expense ratio? 0.41% a year
As of October 9, 2026, TLTD charges 0.41% a year, yields 3.33% and holds $654M in assets across 2253 positions.
| Measure | TLTD |
|---|---|
| Expense ratio | 0.41% |
| Dividend yield | 3.33% |
| Assets under management | $654M |
| Holdings | 2253 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Northern Trust Morningstar Developed Markets ex-US Factor Tilt ETF (TLTD) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/tltd
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