FlexShares Morningstar Emerging Markets Factor Tilt Index Fund(AMEX:TLTE)

TLTE seeks smaller firms in the Emerging Markets Total Market segment with an eye toward value picks. The index provider does this by using fundamental factors (i.e., price-to-book, price-to-earnings, price-to-cash-flows, price-to-sales and dividend yield) to reallocate the weight of the market to firms exhibiting a value bias and re-weighting the market capitalization to favor small firms. Despite this approach, TLTE's sector tilts tend to be fairly mild. The index is rebalanced quarterly and reconstituted annually.