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
1.8 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) | $1,795 |
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) | $597,677 |
Large cap (>$10bn) | 77.5% |
Mid cap ($2-10bn) | 18.9% |
Small cap (<$2bn) | 3.4% |
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 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 25.2% | 33.7% | 21.3% | 10.6% | 14.6% | 11.9% | 14.6% | Volatility | 13.1% | 13.3% | 15.0% | 18.2% | 22.2% | 18.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.03 | 95% |
MSCI EAFE | 0.91 | 74% |
MSCI Emg Mkts | 0.66 | 38% |
Liquidity Measures
Avg. volume (000) | 16 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $353,319 |
Technical Indicators
Recent close | $224.39 |
30d moving avg. | $213.30 |
Annualized volatility | 18.5% |
Relative strength (RSI) | 52 |
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)
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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 | -0.4% |
VTHR | Vanguard Russell 3000 ETF | 78.3% | -15 bp | -0.5% |
VTI | Vanguard Total Stock Market ETF | 78.2% | -22 bp | -0.5% |
IWV | iShares Russell 3000 ETF | 78.2% | -5 bp | -0.6% |
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 | -0.3% |
SCHB | Schwab U.S. Broad Market ETF | 77.0% | -22 bp | -0.3% |
DFUS | Dimensional U.S. Equity ETF | 76.4% | -16 bp | -0.4% |
SPTM | SPDR Portfolio S&P 1500 Composite Stock Market ETF | 76.2% | -22 bp | -0.1% |
IYY | iShares Dow Jones U.S. ETF | 76.2% | -5 bp | -0.5% |
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 12/13/2024
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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
5.2%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.4% 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 | 40 |
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. | 20.4 | 9.1 | 29.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .