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.


Passive, Diverse

MANAGEMENT MATRIX

ITOT

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNorthern Trust Investments Inc
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 16, 2011
Assets (mns)$1,611
Expense ratio25 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
MICROSOFT CORP 4.7 %
APPLE INC 4.0 %
NVIDIA CORP 3.0 %
AMAZON.COM INC 2.5 %
META PLATFORMS INC 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.4 %
ALPHABET INC. CLASS A 1.2 %
ALPHABET INC. CLASS C 1.0 %
JPMORGAN CHASE & CO 1.0 %
ELI LILLY & CO 1.0 %
Constituent Breakdown
Number of holdings1992
Herfindahl-Hirschman Index 76
Wgt avg mkt cap (mns)$528,807
Large cap (>$10bn)75.6%
Mid cap ($2-10bn)19.9%
Small cap (<$2bn)4.5%
Developed mkts.99.8%
Emerging mkts.0.2%
Country Exposure
UNITED STATES 95.3 %
IRELAND 1.3 %
BRITAIN 0.8 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 18.7% 5.5% 7.7% 11.8% 10.2% 13.5%
Market Correlations
versus...BetaR-squared
S&P 5001.0499%
MSCI EAFE0.9881%
MSCI Emg Mkts0.6943%
Liquidity Measures
Avg. volume (000)17
Turnover0.2%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$416,683
Technical Indicators
Recent close$197.79
30d moving avg.$170.84
Annualized volatility18.7%
Relative strength (RSI)77
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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Risk and Returns: TILT vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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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 --%
1.8 17.3 2.7 2.0% --
Based on closing prices from 3/27/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

TILT

5.5%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.5%
Recommendation

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.

Category Overview
There are 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. TILT's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places TILT in the 47th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
TILT
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.