TILT

FlexShares Morningstar US Market Factor Tilt Index Fund
*Unless otherwise stated, data provided by FactSet.

TILT Fund Description

TILT tracks a broad US index with a tilt toward small-cap and value segments.

TILT Factset Analytics Insight

TILT fits poorly to our neutral benchmark, by design: It aims to increase exposure to small-cap and value stocks consistent with a factor model made famous by Fama and French. Without doubt, the fund delivers its small-cap tilt, measured both by average market cap and by the size of the small-cap bucket. However, TILT's P/E and P/B ratios paint a mixed value picture with the former higher than the market and the latter lower. Higher P/Es make sense given the fund's small-cap bias. The fund's slight sector biases align with its value tilt, notably with an overweight to financials. In all, TILT delivers a plausible alternative to its vanilla peers with a bit more market risk. TILT shows adequate liquidity, though spreads are still significant and volume is unremarkable. Larger investors should find ample underlying liquidity for block trades. While TILT isn't cheap next to plain-vanilla competitors, it's significantly cheaper than many other quant-based alternatives in the segment, and holding costs are even lower thanks to tight tracking.

TILT MSCI ESG Analytics Insight

FlexShares Morningstar US Market Factor Tilt Index Fund has an MSCI ESG Fund Rating of BBB based on a score of 4.82 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FlexShares Morningstar US Market Factor Tilt Index Fund ranks in the 36th percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

TILT MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

TILT Charts And Performance

Price Chart ($)
Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TILT 4.70% 7.73% 24.28% 14.28% 11.53% 9.26% --
TILT (NAV) 4.70% 7.69% 24.23% 14.30% 11.54% 9.29% --
MSCI USA IMI 4.69% 7.04% 26.38% 17.78% 14.33% 10.72% 13.39%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TILT Summary Data

FlexShares
09/16/11
Open-Ended Fund
0.25%
$1.49B
$1.34M
0.06%

TILT Portfolio Data

$163.58B
24.07
2.42
1.54%
12/20/19
2221

TILT Index Data

Proprietary
Market Cap
MSCI USA IMI

TILT Portfolio Management

0.25%
-0.30%
-0.08%
-0.46%

TILT Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TILT Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TILT Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TILT. TILT is rated a 5 out of 5.

TILT Tradability

11,292
$1.34M
9,690
$1.14M
0.06%
$0.07
-0.03%
0.38% / -0.57%
None
100.00%
50,000
0.19
0.02%
0.01%
0
$123.04
5

TILT Sector/Industry Breakdown


TILT
Segment Benchmark
21.84%
17.35%
21.51%
25.68%
14.11%
13.47%
11.75%
13.17%
11.16%
10.60%
6.00%
6.96%
4.74%
4.28%
3.60%
2.91%
3.25%
3.50%
2.05%
2.09%

TILT Countries


TILT
Segment Benchmark
99.99%
99.92%
0.01%
0.08%

TILT Regions


TILT
Segment Benchmark
100.00%
100.00%

TILT Economic Development


TILT
Segment Benchmark
100.00%
100.00%

TILT Performance Statistics

0.98
1.02
1.01
1.01
0.13%
MSCI USA IMI

TILT MSCI ESG Ratings

BBB
4.82 / 10
15.90
35.94
9.16%
5.56%
181.16

TILT Benchmark Comparison Holdings

2221
2411
2,149
80.46%

TILT Benchmark Comparison Summary


TILT
Segment Benchmark
2221
2411
$163.58B
$206.73B
24.07
24.01
2.42