TILT
FlexShares Morningstar US Market Factor Tilt Index Fund

Price: $161.96
Change: $1.53 (-0.01%)
Category: All Cap Equities
Last Updated:

Vitals

Issuer Northern Trust
Brand FlexShares
Structure ETF
Expense Ratio 0.25%
ETF Home Page Home page
Inception Sep 16, 2011
Index Tracked Morningstar US Market Factor Tilt TR

Analyst Report

This ETF is one of several options available for investors seeking broad-based exposure to the U.S. equity market, but is unique in a few ways from the other funds in the All Cap Equities ETFdb Category. Instead of simply weighting by market capitalization (or some fundamental metric), TILT tilts exposure towards the small cap and value segments of the U.S. market by giving these companies slightly higher weightings than they would in a simple cap-weighted methodology. The results is a portfolio that has significant overlap with products linked to popular indexes such as the Russell 3000, but with a unique makeup. For investors who believe that small cap and value companies maintain greater long-term potential, this ETF can be a unique way to achieve instant, cheap exposure to a strategy that might otherwise be difficult and expensive to maintain.


TILT offers exposure to thousands of individual securities, including companies of all sizes (despite the tilt towards small caps) and across all sectors of the domestic economy. Given this broad focus, TILT is probably most appealing to those building a long-term, buy-and-hold portfolio and in search of a unique type of domestic equity exposure (though it can certainly be used as a shorter-term trading vehicle as well).


In exchange for the specific value and small cap tilts offered by this product, investors will pay a bit more; TILT’s expense ratio is well below the average for its ETFdb Category, but considerably higher than some of the cheapest options available (those looking to maximize cost efficiency might like VTI or FMU.

ETF Database Themes

Category All Cap Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Total Market
Category Size and Style
Focus Total Market
Niche Broad-based
Strategy Multi-factor
Weighting Scheme Multi-Factor

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $136.69
  • 52 Week Hi $175.88
  • AUM $1,487.6 M
  • Shares 9.1 M

Historical Trading Data

  • 1 Month Avg. Volume 9,900
  • 3 Month Avg. Volume 14,808

Alternative ETFs in the ETF Database All Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPTM 0.03% $5.9 B 691,478 7.51%
Largest (AUM) SDY 0.35% $24.4 B 611,368 4.01%
Most Liquid (Volume) ARKK 0.75% $8.2 B 26 M 35.21%
Top YTD Performer ARKK 0.75% $8.2 B 26 M 35.21%

Alternative ETFs in the FactSet Equity: U.S. - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BBUS 0.02% $1.3 B 93,275 7.44%
Largest (AUM) VTI 0.03% $285.8 B 4 M 7.89%
Most Liquid (Volume) VTI 0.03% $285.8 B 4 M 7.89%
Top YTD Performer MEME 0.69% $1.0 M 3,433 34.09%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TILT ETF Database Category Average FactSet Segment Average
Number of Holdings 2122 310 403
% of Assets in Top 10 16.56% 31.47% 30.73%
% of Assets in Top 15 20.45% 40.13% 39.24%
% of Assets in Top 50 34.78% 71.57% 70.78%

Size Comparison

TILT ETF Database Category Average FactSet Segment Average
Large (>12.9B) 68.78% 59.56% 73.93%
Mid (>2.7B) 22.95% 21.87% 15.32%
Small (>600M) 7.66% 6.26% 3.50%
Micro (<600M) 0.55% 1.24% 0.53%

TILT Valuation

This section compares the P/E ratio of this ETF to its peers.

TILT
P/E Ratio
32.26
ETF Database Category Average
P/E Ratio
14.67
FactSet Segment Average
P/E Ratio
17.15

TILT Dividend

This section compares the dividend yield of this ETF to its peers.

TILT ETF Database Category Average FactSet Segment Average
Dividend $ 0.50 $ 0.15 $ 0.15
Dividend Date 2021-09-17 N/A N/A
Annual Dividend Rate $ 2.02 $ 0.49 $ 0.52
Annual Dividend Yield 1.11% 0.79% 0.78%

TILT Price and Volume Charts

View charts featuring TILT price and volume data.

TILT Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -8.17 M 1 Month Net Flows: -15.81 M 3 Month Net Flows: -23.76 M 6 Month Net Flows: -47.13 M 1 Year Net Flows: -38.75 M 3 Year Net Flows: -367.94 M 5 Year Net Flows: -252.46 M 10 Year Net Flows: 366.93 M

TILT Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 26.33 M
1 Month Net AUM Change: 125.06 M
3 Month Net AUM Change: 128.97 M
6 Month Net AUM Change: -16.49 M
1 Year Net AUM Change: -148.11 M
3 Year Net AUM Change: -20.96 M
5 Year Net AUM Change: 208.87 M
10 Year Net AUM Change: 1.27 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for TILT on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the All Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ IWP
Expenses A- GENY
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

TILT Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

TILT
Expense Ratio
0.25%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.45%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
7.66/10
ESG Score
58.27%
Global Percentile
15.24%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.83%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      154.82
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      5.83%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      6.46%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

TILT Performance

This section shows how this ETF has performed relative to its peers.

TILT ETF Database
Category Average 		Factset Segment
Average
1 Month Return 9.34% 8.13% 6.64%
3 Month Return 10.41% 9.36% 7.35%
YTD Return 8.99% 8.10% 6.11%
1 Year Return -4.37% -5.69% -4.26%
3 Year Return 31.32% 14.34% 13.88%
5 Year Return 59.41% 20.30% 21.57%

Geographic Exposure

The following charts reflect the geographic spread of TILT's underlying holdings.

Region Percentage
North, Central and South America 99.95%
Other 0.0%
Country Percentage
United States 96.46%
Ireland 1.19%
United Kingdom 0.77%
Bermuda 0.5%
Switzerland 0.41%
Puerto Rico 0.17%
Canada 0.14%
Netherlands 0.11%
Uruguay 0.1%
Israel 0.04%
Sweden 0.02%
Cayman Islands 0.02%
Bahamas 0.01%
Costa Rica 0.01%
Luxembourg 0.0%
Other 0.0%

Holdings Analysis

The following charts reflect the allocation of TILT's underlying holdings.

Sector Percentage
Finance 18.93%
Technology Services 13.15%
Electronic Technology 12.21%
Health Technology 9.42%
Retail Trade 7.06%
Producer Manufacturing 4.94%
Consumer Non-Durables 4.63%
Energy Minerals 4.42%
Consumer Services 3.98%
Consumer Durables 3.05%
Commercial Services 3.03%
Process Industries 2.74%
Utilities 2.7%
Transportation 2.33%
Health Services 2.19%
Distribution Services 1.42%
Industrial Services 1.38%
Non-Energy Minerals 1.27%
Communications 1.04%
Miscellaneous 0.06%
Other 0.0%
Market Cap Percentage
Large 68.78%
Mid 22.95%
Small 7.66%
Micro 0.55%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.93%
Closed-ended Fund 0.01%
Warrant 0.01%
Other 0.0%
 
View Less Charts
 
Sector Percentage
Finance 18.93%
Technology Services 13.15%
Electronic Technology 12.21%
Health Technology 9.42%
Retail Trade 7.06%
Producer Manufacturing 4.94%
Consumer Non-Durables 4.63%
Energy Minerals 4.42%
Consumer Services 3.98%
Consumer Durables 3.05%
Commercial Services 3.03%
Process Industries 2.74%
Utilities 2.7%
Transportation 2.33%
Health Services 2.19%
Distribution Services 1.42%
Industrial Services 1.38%
Non-Energy Minerals 1.27%
Communications 1.04%
Miscellaneous 0.06%
Other 0.0%
 
View More Charts
 

TILT Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 193.66%
20 Day Volatility 16.18%
50 Day Volatility 18.90%
200 Day Volatility 23.02%
Beta 1.13
Standard Deviation 8.91%
 
View Detailed Analysis
 
5 Day Volatility
193.66%
Rank
34 of 133
Low
LETB (6.99%)
High
BYOB (315.20%)
20 Day Volatility
16.18%
Rank
49 of 133
Low
MOHR (1.55%)
High
ARKK (51.22%)
50 Day Volatility
18.90%
Rank
52 of 133
Low
MOHR (1.64%)
High
MJUS (59.43%)
200 Day Volatility
23.02%
Rank
59 of 133
Low
MOHR (1.96%)
High
MJUS (66.84%)
Beta
1.13
Rank
42 of 107
Low
MJUS (-2.39)
High
YOLO (1.64)
Standard Deviation
8.91%
Rank
5 of 130
Low
UVDV (0.34%)
High
XITK (19.64%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $157.59
  • 60 Day MA $153.92
  • MACD 15 Period 3.30
  • MACD 100 Period 11.76
  • Williams % Range 10 Day 32.29
  • Williams % Range 20 Day 23.16
  • RSI 10 Day 62
  • RSI 20 Day 61
  • RSI 30 Day 58
  • Ultimate Oscillator 61

Bollinger Bands

  • Lower Bollinger (10 Day) $154.90
  • Upper Bollinger (10 Day) $165.43
  • Lower Bollinger (20 Day) $150.37
  • Upper Bollinger (20 Day) $164.45
  • Lower Bollinger (30 Day) $144.15
  • Upper Bollinger (30 Day) $164.70

Support & Resistance

  • Support Level 1 $161.65
  • Support Level 2 $161.34
  • Resistance Level 1 $162.39
  • Resistance Level 2 $162.82

Stochastic

  • Stochastic Oscillator %D (1 Day) 47.61
  • Stochastic Oscillator %D (5 Day) 74.56
  • Stochastic Oscillator %K (1 Day) 60.36
  • Stochastic Oscillator %K (5 Day) 80.71

Tradability

  • Tracking Difference Median (%) -0.11
  • Tracking Difference Max Upside (%) 2.05
  • Tracking Difference Max Downside (%) -0.19
  • Median Premium Discount (%) -0.02
  • Maximum Premium Discount (%) 0.15
  • Average Spread (%) 13.38
  • Average Spread ($) 13.38

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the Fact Sheet PDF

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2023 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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