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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Morningstar US Market Factor Tilt Index Fund

TILT | ETF

$218.58

$1.81 B

1.60%

$3.48

0.26%

Vitals

YTD Return

21.3%

1 yr return

21.6%

3 Yr Avg Return

8.1%

5 Yr Avg Return

13.2%

Net Assets

$1.81 B

Holdings in Top 10

25.7%

52 WEEK LOW AND HIGH

$217.3
$178.73
$227.39

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Morningstar US Market Factor Tilt Index Fund

TILT | ETF

$218.58

$1.81 B

1.60%

$3.48

0.26%

TILT - Profile

Distributions

  • YTD Total Return 21.3%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 13.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares Morningstar US Market Factor Tilt Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Sep 16, 2011
  • Shares Outstanding
    9400001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Morningstar® US Market Factor Tilt IndexSM(the “Underlying Index”) is designed to reflect the performance of a selection of companies that, in aggregate, possess greater exposure to size and value factors relative to the Morningstar US Market Index (the “Parent Index”), a float-adjusted market-capitalization weighted index of U.S.-incorporated large-, mid-, small- and micro-capitalization companies. The Underlying Index seeks to achieve increased exposures to size and value factors, or a “factor tilt”, by adjusting the Parent Index’s constituent weights to achieve a slightly greater weight on companies with smaller market capitalizations or lower valuations, as determined by Morningstar, Inc. (the “Index Provider”) pursuant to its index methodology. The Underlying Index is designed to measure the performance of U.S. equity markets with increased exposure toward small-capitalization and value stocks. As of December 31, 2023, the Underlying Index was comprised of 2,239 issues with market capitalizations ranging from $117 million to $3.0 trillion. The Underlying Index is reconstituted on a semi-annual basis and is rebalanced quarterly. The Fund generally reconstitutes and rebalances its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts and options on futures contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is sponsored by the Index Provider, an organization that is independent of the Fund and NTI. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
Read More

TILT - Performance

Return Ranking - Trailing

Period TILT Return Category Return Low Category Return High Rank in Category (%)
YTD 21.3% -53.4% 45.5% 58.89%
1 Yr 21.6% -15.0% 52.9% 59.47%
3 Yr 8.1%* -24.5% 24.4% 53.10%
5 Yr 13.2%* -10.2% 109.0% 50.84%
10 Yr 11.3%* -0.6% 52.5% 54.13%

* Annualized

Return Ranking - Calendar

Period TILT Return Category Return Low Category Return High Rank in Category (%)
2023 22.8% -42.6% 47.4% 28.10%
2022 -18.5% -56.3% -4.2% 21.00%
2021 26.0% -27.2% 537.8% 9.35%
2020 13.9% -22.5% 2181.7% 37.25%
2019 26.9% -13.5% 40.4% 29.01%

Total Return Ranking - Trailing

Period TILT Return Category Return Low Category Return High Rank in Category (%)
YTD 21.3% -53.4% 45.5% 58.89%
1 Yr 21.6% -15.0% 52.9% 59.47%
3 Yr 8.1%* -24.5% 24.4% 53.10%
5 Yr 13.2%* -10.2% 109.0% 50.84%
10 Yr 11.3%* -0.6% 52.5% 54.13%

* Annualized

Total Return Ranking - Calendar

Period TILT Return Category Return Low Category Return High Rank in Category (%)
2023 24.7% -5.0% 47.4% 46.38%
2022 -17.2% -36.8% -2.2% 41.76%
2021 27.6% 3.0% 537.8% 39.12%
2020 16.1% -15.8% 2266.0% 56.05%
2019 29.0% -0.4% 241.3% 59.59%

TILT - Holdings

Concentration Analysis

TILT Category Low Category High TILT % Rank
Net Assets 1.81 B 2.34 M 1.84 T 46.06%
Number of Holdings 1929 2 3963 3.31%
Net Assets in Top 10 428 M 880 K 525 B 53.60%
Weighting of Top 10 25.69% 0.3% 111.6% 94.01%

Top 10 Holdings

  1. Apple, Inc. 4.46%
  2. Microsoft Corp. 4.33%
  3. NVIDIA Corp. 3.88%
  4. Other Repurchase Agreement 3.60%
  5. Amazon.com, Inc. 2.45%
  6. Other Repurchase Agreement 1.50%
  7. Meta Platforms, Inc., Class A 1.45%
  8. Alphabet, Inc., Class A 1.40%
  9. Berkshire Hathaway, Inc., Class B 1.36%
  10. Alphabet, Inc., Class C 1.26%

Asset Allocation

Weighting Return Low Return High TILT % Rank
Stocks 		99.15% 0.00% 105.79% 43.83%
Other 		7.03% -13.91% 100.00% 1.99%
Bonds 		1.92% 0.00% 93.85% 2.40%
Preferred Stocks 		0.00% 0.00% 2.15% 96.85%
Convertible Bonds 		0.00% 0.00% 5.54% 96.67%
Cash 		0.00% 0.00% 99.07% 99.92%

Stock Sector Breakdown

Weighting Return Low Return High TILT % Rank
Technology 		19.93% 0.00% 48.94% 75.27%
Financial Services 		16.57% 0.00% 55.59% 20.17%
Healthcare 		13.06% 0.00% 52.29% 78.57%
Consumer Cyclical 		11.34% 0.00% 30.33% 30.21%
Industrials 		9.57% 0.00% 29.90% 41.35%
Communication Services 		6.78% 0.00% 27.94% 74.43%
Energy 		6.33% 0.00% 41.64% 12.24%
Consumer Defense 		6.10% 0.00% 47.71% 71.48%
Real Estate 		4.18% 0.00% 31.91% 12.41%
Basic Materials 		3.15% 0.00% 25.70% 34.26%
Utilities 		2.99% 0.00% 20.91% 26.08%

Stock Geographic Breakdown

Weighting Return Low Return High TILT % Rank
US 		99.15% 0.00% 105.79% 35.54%
Non US 		0.00% 0.00% 63.83% 97.10%

Bond Sector Breakdown

Weighting Return Low Return High TILT % Rank
Derivative 		0.04% -1.48% 25.41% 11.12%
Cash & Equivalents 		0.00% 0.00% 100.00% 99.75%
Securitized 		0.00% 0.00% 52.16% 97.13%
Corporate 		0.00% 0.00% 100.00% 97.65%
Municipal 		0.00% 0.00% 2.10% 96.95%
Government 		0.00% 0.00% 100.00% 97.13%

Bond Geographic Breakdown

Weighting Return Low Return High TILT % Rank
US 		1.92% 0.00% 91.39% 2.40%
Non US 		0.00% 0.00% 12.06% 96.44%

TILT - Expenses

Operational Fees

TILT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.01% 19.75% 86.16%
Management Fee 0.25% 0.00% 1.90% 28.06%
12b-1 Fee 0.00% 0.00% 1.00% 20.88%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

TILT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TILT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TILT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.00% 268.00% 55.51%

TILT - Distributions

Dividend Yield Analysis

TILT Category Low Category High TILT % Rank
Dividend Yield 1.60% 0.00% 25.47% 45.51%

Dividend Distribution Analysis

TILT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

TILT Category Low Category High TILT % Rank
Net Income Ratio N/A -54.00% 2.44% 3.79%

Capital Gain Distribution Analysis

TILT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

TILT - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Oct 31, 2013

8.59

8.6%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Brendan Sullivan

Start Date

Tenure

Tenure Rank

Jun 21, 2016

5.95

6.0%

Brendan Sullivan is a Vice President of Northern Trust Investments Inc. Mr. Sullivan joined NTI in 2012 and is a Senior Portfolio Manager responsible for the management of international equity index portfolios, overlay mandates and equity exchange-traded funds. Prior to joining NTI in May 2012, Mr. Sullivan was an Index Strategist at RBC Capital Markets, where he produced research and advised clients on implementing strategies around index events.

Alan Aung

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Alan Aung is a Vice President of NTI. Mr. Aung joined NTI in 2017 and is responsible for managing index equity portfolios. Prior to joining NTI, Mr. Aung was a Portfolio Manager at iShares on the US iShares team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.29 2.42

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