SPDW vs. TLTD ETF Comparison

Comparison of SPDR Portfolio World ex-US ETF (SPDW) to FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)

SPDW

SPDR Portfolio World ex-US ETF

SPDW Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S.BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.15

Average Daily Volume

2,162,564

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD Description

The investment seeks investment results that correspond generally to the price and yield performance of the MorningstarÂ® Developed Markets ex-US Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of 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 developed equities markets, excluding the U.S., with increased exposure to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$70.24

Average Daily Volume

8,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPDW	TLTD
30 Days	-3.22%	-2.89%
60 Days	-4.95%	-4.79%
90 Days	-5.36%	-5.02%
12 Months	11.79%	12.46%

35 Overlapping Holdings

Symbol	Grade	Weight in SPDW	Weight in TLTD	Overlap
ABBV	F	0.4%	0.25%	0.25%
AEI	D	0.02%	0.02%	0.02%
AGCO	D	0.03%	0.03%	0.03%
BCS	A	0.2%	0.2%	0.2%
CCEP	C	0.08%	0.04%	0.04%
CNI	F	0.3%	0.17%	0.17%
DEO	F	0.28%	0.18%	0.18%
DNN	B	0.0%	0.02%	0.0%
E	F	0.15%	0.14%	0.14%
ELBM	D	0.0%	0.01%	0.0%
HMC	F	0.19%	0.17%	0.17%
HSBH	B	0.73%	0.68%	0.68%
LOGI	D	0.06%	0.04%	0.04%
LSPD	C	0.01%	0.02%	0.01%
LYG	D	0.21%	0.18%	0.18%
MBAVU	C	0.02%	0.01%	0.01%
MFG	A	0.24%	0.24%	0.24%
MNTX	B	0.0%	0.01%	0.0%
MUFG	B	0.61%	0.41%	0.41%
NMR	B	0.08%	0.05%	0.05%
NVS	F	0.88%	0.58%	0.58%
OTEX	F	0.03%	0.03%	0.03%
PDS	C	0.0%	0.06%	0.0%
QGEN	D	0.04%	0.03%	0.03%
RENB	F	0.0%	0.0%	0.0%
SHOP	B	0.57%	0.38%	0.38%
SMFG	B	0.39%	0.27%	0.27%
SONY	B	0.5%	0.32%	0.32%
STLA	F	0.12%	0.12%	0.12%
TAC	A	0.01%	0.03%	0.01%
TD	D	0.44%	0.39%	0.39%
TM	F	0.9%	0.84%	0.84%
UL	D	0.63%	0.41%	0.41%
WCN	A	0.2%	0.14%	0.14%
WFG	C	0.02%	0.02%	0.02%

SPDW Overweight 73 Positions Relative to TLTD

Symbol	Grade	Weight
SPOT	B	0.28%
SE	A	0.17%
KB	B	0.13%
CPNG	D	0.11%
CHKP	C	0.1%
SHG	C	0.09%
TEVA	C	0.08%
CYBR	A	0.08%
PKX	D	0.08%
ICLR	D	0.07%
MT	B	0.06%
ARM	F	0.06%
ONON	A	0.06%
XRX	F	0.06%
GRAB	A	0.05%
WIX	A	0.04%
MNDY	C	0.04%
FUTU	D	0.03%
KEP	B	0.03%
GLNG	C	0.03%
GSL	F	0.03%
AER	A	0.03%
BNTX	C	0.03%
ZIM	C	0.02%
ASND	F	0.02%
XENE	D	0.02%
MRUS	F	0.02%
KRNT	B	0.02%
NAT	F	0.01%
FVRR	B	0.01%
MLCO	F	0.01%
URGN	F	0.01%
IMCR	D	0.01%
LPL	D	0.01%
DAVA	C	0.01%
AY	A	0.01%
GLBE	B	0.01%
LPL	D	0.01%
GRFS	C	0.01%
NOMD	D	0.01%
IGT	F	0.01%
BIRK	D	0.01%
MTLS	A	0.0%
HL	D	0.0%
CALX	D	0.0%
TLRY	F	0.0%
CVAC	F	0.0%
ORMP	D	0.0%
AMRN	F	0.0%
GRVY	C	0.0%
ADAP	F	0.0%
EU	D	0.0%
TMC	F	0.0%
FREY	B	0.0%
INVZ	F	0.0%
NNOX	C	0.0%
NBTX	F	0.0%
NNDM	D	0.0%
GSM	D	0.0%
SNDL	D	0.0%
CHGX	A	0.0%
ABCL	D	0.0%
SPNS	F	0.0%
IMTX	F	0.0%
JMIA	F	0.0%
PIXY	F	0.0%
SSYS	B	0.0%
CSIQ	F	0.0%
AUPH	B	0.0%
CSTM	F	0.0%
RDWR	B	0.0%
HCM	D	0.0%
INMD	C	0.0%

SPDW Underweight 11 Positions Relative to TLTD

Symbol	Grade	Weight
FLUT	A	-0.12%
DOOO	F	-0.12%
GOLD	C	-0.08%
RBA	A	-0.05%
BBUC	C	-0.04%
ECO	F	-0.02%
FLNG	C	-0.01%
GOGL	F	-0.01%
ORLA	C	-0.01%
TIGO	D	-0.01%
TRMD	F	-0.0%