Fund report

US-listed

TILT

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Morningstar® US Market Factor Tilt Index SM.
Northern Trust Morningstar US Market Factor Tilt ETF
FlexShares (Northern Trust)

1,966 holdings as of 2026-04-30 · top 10 = 27.1% · TER 0.25% · P/E 22.8

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Concentration
Moderately concentratedtop 10 = 27.1%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
1,966
as of 2026-04-30
Top 10
27.1%
TER
0.25%
cheaper than 79% of peers
Net assets
US$2.03B
Largest
5.0%
P / E
22.8
covers 83% by weight
01Overview
the fund's regulatory facts
Fund currency
USD
Volatility 1Y
12.6%
Tracked index
Morningstar® US Market Factor Tilt Index SM
How it tracks
Index, sampling
Lends its stock
Yes
02Valuation and performance
market price return · as of 2026-09-03
1M
+0.0%
3M
+3.3%
6M
+13.6%
YTD
+14.8%
1Y
+21.3%
Valuation1,813 companies covered · weighted, profitable holdings only
22.8
price / earnings
MethodologyCompany-data coverageThe rest is 6% loss-making companies, which carry no P/E by the positive-earner convention; 10% bonds, cash or other non-equity; 1% cannot be reliably linked to the financial and market data used in this analysis. We exclude uncertain matches rather than estimate them.
3.4%
MethodologyEarnings yieldP/E is price over earnings; earnings yield is the reverse, earnings over price, and reads like a bond yield. P/E covers only the profitable holdings, since a loss-making company has no meaningful P/E. Earnings yield counts the loss-makers too, so it covers more of the fund and can fall below zero when the holdings lose money overall.
covers 89% by weight
3.24
price / book
covers 77% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings
50 largest · as of 2026-04-30
#CompanyIdentifierWeight
1NVIDIA CORP USNVDA
4.5
2ALPHABET INC USGOOGL
4.0
3Apple Inc USAAPL
3.9
4NATIONAL BK OF CANADA FINANCIAL INC CA
3.3
5Microsoft Corp USMSFT
2.9
6AMAZON.COM INC USAMZN
2.5
7BROADCOM INC USAVGO
1.9
8THE BANK OF NOVA SCOTIA, TORONTO CA
1.6
9META PLATFORMS INC-CLASS A USMETA
1.3
10CF SECURED LLC US
1.2
11BERKSHIRE HATHAWAY INC. USBRK/B
1.0
12TESLA INC USTSLA
1.0
13JPMorgan Chase & Co USJPM
1.0
14CITIGROUP GLOBAL MARKETS INC. US
0.9
15METROPOLITAN LIFE INSURANCE COMPANY US
0.9
16Exxon Mobil Corp USXOM
0.8
17ELI LILLY & CO USLLY
0.7
18Micron Technology Inc USMU
0.7
19JOHNSON & JOHNSON USJNJ
0.7
20ADVANCED MICRO DEVICES USAMD
0.6
21WALMART INC. USWMT
0.5
22Visa Inc USV
0.5
23AbbVie Inc USABBV
0.4
24TD SECURITIES (USA) LLC US
0.4
25Costco Wholesale Corp USCOST
0.4
26Chevron Corp USCVX
0.4
27CISCO SYSTEMS, INC. USCSCO
0.4
28Bank of America Corp USBAC
0.4
29THE PROCTER & GAMBLE COMPANY USPG
0.4
30UnitedHealth Group Inc USUNH
0.4
31Caterpillar Inc USCAT
0.4
32Mastercard Inc USMA
0.4
33Home Depot Inc/The USHD
0.4
34Intel Corp USINTC
0.4
35NETFLIX INC USNFLX
0.4
36THE GOLDMAN SACHS GROUP, INC. USGS
0.3
37Merck & Co Inc USMRK
0.3
38LAM RESEARCH CORPORATION USLRCX
0.3
39Philip Morris International Inc USPM
0.3
40Wells Fargo & Co USWFC
0.3
41Applied Materials Inc USAMAT
0.3
42PALANTIR TECHNOLOGIES INC-A USPLTR
0.3
43THE COCA-COLA COMPANY USKO
0.3
44General Electric Co USGE
0.3
45GE VERNOVA INC. USGEV
0.3
46RTX Corp USRTX
0.3
47Linde PLC IELIN
0.3
48MORGAN STANLEY USMS
0.3
49CITIGROUP INC. USC
0.3
50BOFA SECURITIES, INC US
0.3
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04Exposure
Equity 89.6%Bonds 1.8%Cash 8.6%
By sector
Technology26.2%
Financial Services16.8%
Industrials10.7%
Consumer Cyclical10.3%
Healthcare9.2%
Communication Services8.5%
Energy4.7%
Consumer Defensive4.6%
Materials3.2%
Utilities2.5%
Real Estate2.5%
By country
USUnited States100.0%
CACanada6.2%
IEIreland1.6%
BMBermuda0.8%
JPJapan0.4%
GBUnited Kingdom0.3%
CHSwitzerland0.3%
NLNetherlands0.2%
CurrencyUSD 101.0% CAD 6.2% EUR 2.1% GBP 0.4% JPY 0.4%
05Similar funds
funds with comparable exposure
VTI
the US total market (VTI)
1,858 shared companies
72.1%compare →
VOO
the S&P 500 (VOO)
499 shared companies
64.1%compare →
VT
the world portfolio (VT)
1,492 shared companies
60.3%compare →

Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

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