About TILT ETF
ETF Name: Northern Trust US Market Factor ETF (TILT)
Sector: TILT has invested Technology (20%), Financials (17%), Consumer Cyclical (14%), Healthcare (12%), and Industrials (11%).
Geography: TILT has invested 100% of its assets in the US.
Fund Manager Name: Northern Trust
ETF Description: TILT aims to increase exposure to small-cap and value stocks consistent with a factor model made famous by Fama and French. Higher P/E of TILT 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.
What ETFdb says about it: 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.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. TILT has adequate liquidity, but with significant spreads. Large investors should find ample underlying liquidity for block trades. TILT is significantly cheaper than the others in the segment, and holding costs are even lower thanks to tight tracking. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Founded in 1889, Northern Trust manages $1.1T in assets. Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region.
More Information:
Tilting Toward Value ETFs: VLU and TILT
