DFEV vs. TLTE ETF Comparison

Comparison of Dimensional Emerging Markets Value ETF (DFEV) to FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)

DFEV

Dimensional Emerging Markets Value ETF

DFEV Description

The Portfolio is designed to purchase emerging market equity securities that are deemed by the Advisor to be value stocks at the time of purchase, which may include frontier markets (emerging market countries in an earlier stage of development). As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in emerging markets investments that are defined in the Prospectus as Approved Markets securities. The Portfolio may purchase emerging market equity securities across all market capitalizations.

Grade (RS Rating)

Last Trade

$26.61

Average Daily Volume

120,206

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

$52.54

Average Daily Volume

6,088

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFEV	TLTE
30 Days	2.46%	2.65%
60 Days	-4.94%	-3.39%
90 Days	-0.64%	0.10%
12 Months	13.23%	10.72%

33 Overlapping Holdings

Symbol	Grade	Weight in DFEV	Weight in TLTE	Overlap
BABA	B	1.68%	1.79%	1.68%
BABA	B	0.28%	1.79%	0.28%
BIDU	F	0.07%	0.25%	0.07%
BIDU	F	0.48%	0.25%	0.25%
BRFS	B	0.1%	0.03%	0.03%
CSAN	F	0.08%	0.03%	0.03%
ERJ	A	0.04%	0.05%	0.04%
ERJ	A	0.15%	0.05%	0.05%
GDS	A	0.02%	0.01%	0.01%
GGB	C	0.05%	0.04%	0.04%
GGB	C	0.03%	0.04%	0.03%
HDB	C	0.08%	0.79%	0.08%
HDB	C	0.4%	0.79%	0.4%
IBN	C	0.01%	0.54%	0.01%
IMOS	F	0.02%	0.01%	0.01%
KB	C	0.01%	0.25%	0.01%
KB	C	0.86%	0.25%	0.25%
LPL	F	0.01%	0.03%	0.01%
LPL	F	0.09%	0.03%	0.03%
SBSW	F	0.12%	0.03%	0.03%
SHG	B	0.02%	0.21%	0.02%
SHG	B	0.63%	0.21%	0.21%
TCOM	A	0.45%	0.18%	0.18%
TME	F	0.06%	0.02%	0.02%
TME	F	0.06%	0.03%	0.03%
UMC	C	0.15%	0.22%	0.15%
UMC	C	0.62%	0.22%	0.22%
VALE	F	0.19%	0.41%	0.19%
VIPS	F	0.07%	0.05%	0.05%
VIST	B	0.0%	0.04%	0.0%
WIT	B	0.26%	0.07%	0.07%
WIT	B	0.09%	0.07%	0.07%
XPEV	C	0.0%	0.03%	0.0%

DFEV Overweight 18 Positions Relative to TLTE

Symbol	Grade	Weight
CX	F	0.22%
RDY	C	0.16%
HMY	C	0.12%
PBR	C	0.09%
FMX	D	0.07%
BBD	B	0.05%
PKX	F	0.05%
GRIN	A	0.03%
JKS	F	0.02%
WF	B	0.02%
ASX	F	0.01%
BAOS	D	0.01%
SHPH	F	0.01%
CIB	D	0.01%
LND	D	0.0%
DRD	D	0.0%
VNET	B	0.0%
SUZ	D	0.0%

DFEV Underweight 32 Positions Relative to TLTE

Symbol	Grade	Weight
PDD	F	-0.43%
SGRP	C	-0.17%
MOMO	D	-0.12%
BAP	B	-0.12%
CHT	A	-0.11%
DQ	D	-0.09%
FINV	C	-0.09%
LI	F	-0.08%
BGNE	B	-0.08%
YUMC	C	-0.08%
WB	F	-0.08%
ABEV	C	-0.07%
BCH	B	-0.06%
BEKE	C	-0.06%
ASAI	F	-0.06%
YMM	D	-0.04%
KEP	B	-0.04%
SKM	A	-0.04%
NIO	D	-0.03%
AKO.A	C	-0.02%
BEKE	C	-0.02%
BILI	C	-0.02%
TAL	F	-0.02%
IQ	F	-0.01%
EH	D	-0.01%
IFS	B	-0.01%
RLX	D	-0.01%
ATHM	A	-0.01%
CAR	F	-0.01%
ATAT	A	-0.01%
YY	A	-0.01%
MNSO	F	-0.01%