DBEM vs. TLTE ETF Comparison

Comparison of db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM) to FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.30

Average Daily Volume

9,288

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TLTE

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

TLTE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MorningstarÂ® Emerging Markets Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index reflects the performance of a selection of equity securities designed to provide broad exposure to the global emerging equities markets, with increased exposure (or a "tilt") to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$53.48

Average Daily Volume

4,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEM	TLTE
30 Days	-3.59%	-4.32%
60 Days	0.72%	-1.63%
90 Days	0.76%	-1.73%
12 Months	14.62%	11.46%

38 Overlapping Holdings

Symbol	Grade	Weight in DBEM	Weight in TLTE	Overlap
ABEV	F	0.11%	0.07%	0.07%
ASAI	F	0.09%	0.05%	0.05%
ATHM	C	0.03%	0.01%	0.01%
BABA	D	2.06%	1.98%	1.98%
BAP	A	0.15%	0.13%	0.13%
BCH	C	0.07%	0.05%	0.05%
BEKE	D	0.16%	0.03%	0.03%
BEKE	D	0.16%	0.09%	0.09%
BGNE	D	0.13%	0.08%	0.08%
BIDU	F	0.29%	0.26%	0.26%
BILI	D	0.05%	0.03%	0.03%
BRFS	C	0.03%	0.03%	0.03%
CHT	C	0.17%	0.11%	0.11%
CSAN	F	0.03%	0.03%	0.03%
ERJ	A	0.08%	0.05%	0.05%
GGB	C	0.06%	0.05%	0.05%
HDB	C	1.03%	0.83%	0.83%
IBN	C	0.94%	0.57%	0.57%
IQ	F	0.01%	0.01%	0.01%
KB	B	0.3%	0.26%	0.26%
KEP	B	0.05%	0.04%	0.04%
LI	F	0.17%	0.1%	0.1%
LPL	D	0.02%	0.02%	0.02%
NIO	F	0.08%	0.05%	0.05%
PDD	F	0.96%	0.55%	0.55%
SBSW	D	0.04%	0.03%	0.03%
SHG	C	0.2%	0.2%	0.2%
SKM	C	0.03%	0.04%	0.03%
TAL	F	0.06%	0.03%	0.03%
TCOM	B	0.4%	0.26%	0.26%
TME	D	0.11%	0.03%	0.03%
TME	D	0.11%	0.02%	0.02%
UMC	F	0.19%	0.18%	0.18%
VALE	F	0.4%	0.38%	0.38%
VIPS	F	0.06%	0.05%	0.05%
WIT	B	0.11%	0.07%	0.07%
XPEV	C	0.1%	0.07%	0.07%
YUMC	C	0.23%	0.13%	0.13%

DBEM Overweight 10 Positions Relative to TLTE

Symbol	Grade	Weight
NU	C	0.5%
SCCO	F	0.11%
HTHT	D	0.08%
XP	F	0.07%
BZ	F	0.04%
QFIN	A	0.04%
BVN	D	0.03%
STNE	F	0.03%
LEGN	D	0.03%
PAGS	F	0.02%

DBEM Underweight 17 Positions Relative to TLTE

Symbol	Grade	Weight
SGRP	D	-0.16%
DQ	F	-0.13%
MOMO	D	-0.12%
FINV	B	-0.11%
WB	D	-0.1%
VIST	B	-0.04%
YMM	C	-0.04%
GDS	C	-0.03%
MNSO	D	-0.02%
ATAT	C	-0.02%
IMOS	F	-0.01%
EH	D	-0.01%
RLX	C	-0.01%
IFS	A	-0.01%
CAR	C	-0.01%
AKO.A	F	-0.01%
YY	B	-0.01%