TILT
FlexShares Morningstar US Market Factor Tilt Index Fund
FlexShares Morningstar US Market Factor Tilt Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Morningstar US Market Factor Tilt Index.
US
EQUITY
Passive
MANAGEMENT STYLE
1.7 B
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust Investments Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 16, 2011 |
| Assets (mns) | $1,710 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 4.5 % |
| APPLE INC | 4.5 % |
| NVIDIA CORP | 3.8 % |
| AMAZON.COM INC | 2.5 % |
| META PLATFORMS INC | 1.5 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.4 % |
| ALPHABET INC. CLASS A | 1.4 % |
| ALPHABET INC. CLASS C | 1.3 % |
| JPMORGAN CHASE & CO | 1.1 % |
| BROADCOM INC. | 1.0 % |
Constituent Breakdown
| Number of holdings | 1918 |
| Herfindahl-Hirschman Index | 85 |
| Wgt avg mkt cap (mns) | $585,390 |
| Large cap (>$10bn) | 77.3% |
| Mid cap ($2-10bn) | 18.7% |
| Small cap (<$2bn) | 3.8% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.7% | 33.0% | 26.1% | 9.8% | 14.5% | 11.8% | 14.3% | Volatility | 11.8% | 12.6% | 17.6% | 17.8% | 22.1% | 18.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 95% |
| MSCI EAFE | 0.94 | 78% |
| MSCI Emg Mkts | 0.71 | 44% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $353,025 |
Technical Indicators
| Recent close | $213.72 |
| 30d moving avg. | $207.34 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TILT |
Expenses vs. TILT |
ALTAR Score™ vs. TILT |
|---|---|---|---|---|
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 78.4% | -22 bp | -0.5% |
| VTHR | Vanguard Russell 3000 ETF | 78.2% | -15 bp | -0.5% |
| IWV | iShares Russell 3000 ETF | 78.2% | -5 bp | -0.6% |
| VTI | Vanguard Total Stock Market ETF | 78.2% | -22 bp | -0.5% |
| SCHB | Schwab U.S. Broad Market ETF | 77.4% | -22 bp | -0.3% |
| DFAU | Dimensional US Core Equity Market ETF | 77.3% | -13 bp | -0.2% |
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 77.1% | -14 bp | -0.4% |
| DFUS | Dimensional U.S. Equity ETF | 76.4% | -16 bp | -0.4% |
| IYY | iShares Dow Jones U.S. ETF | 76.1% | -5 bp | -0.5% |
| SPTM | SPDR Portfolio S&P 1500 Composite Stock Market ETF | 76.1% | -22 bp | -0.2% |
Risk and Returns: TILT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TILT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
TILT
5.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. TILT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places TILT in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TILTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| TILT (25 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TILT | 25.0 | 7.0 | 32 |
| Peer Avg. | 22.2 | 9.3 | 31.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .