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

$37.32

Average Daily Volume

1,904,306

Number of Holdings ^*

115

* 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 Morningstar® 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

$74.71

Average Daily Volume

11,721

Number of Holdings ^*

47

* may have additional holdings in another (foreign) market

Performance

Period	SPDW	TLTD
30 Days	2.56%	2.78%
60 Days	4.48%	4.09%
90 Days	7.08%	7.53%
12 Months	19.88%	19.54%

36 Overlapping Holdings

	Symbol	Grade	Weight in SPDW	Weight in TLTD	Overlap
	ABBV	C	0.37%	0.24%	0.24%
	AEI	D	0.02%	0.02%	0.02%
	AGCO	D	0.03%	0.03%	0.03%
	BCS	B	0.17%	0.17%	0.17%
	CCEP	B	0.08%	0.04%	0.04%
	CNI	D	0.31%	0.17%	0.17%
	DEO	C	0.29%	0.19%	0.19%
	DNN	F	0.0%	0.02%	0.0%
	E	C	0.15%	0.14%	0.14%
	ELBM	C	0.0%	0.01%	0.0%
	FLUT	B	0.03%	0.1%	0.03%
	HMC	D	0.22%	0.19%	0.19%
	IAG	C	0.02%	0.03%	0.02%
	LOGI	D	0.06%	0.04%	0.04%
	LSPD	D	0.01%	0.01%	0.01%
	LYG	B	0.22%	0.19%	0.19%
	MBAVU	C	0.02%	0.01%	0.01%
	MFG	D	0.2%	0.19%	0.19%
	MNTX	D	0.0%	0.01%	0.0%
	MUFG	D	0.52%	0.34%	0.34%
	NMR	D	0.07%	0.04%	0.04%
	NVS	C	0.93%	0.64%	0.64%
	OTEX	D	0.03%	0.03%	0.03%
	PDS	D	0.0%	0.06%	0.0%
	QGEN	C	0.04%	0.03%	0.03%
	RENB	F	0.0%	0.0%	0.0%
	SHOP	C	0.36%	0.24%	0.24%
	SMFG	D	0.34%	0.24%	0.24%
	SONY	C	0.49%	0.29%	0.29%
	STLA	F	0.13%	0.12%	0.12%
	TAC	B	0.01%	0.01%	0.01%
	TD	B	0.47%	0.42%	0.42%
	TM	F	0.84%	0.8%	0.8%
	UL	C	0.68%	0.45%	0.45%
	WCN	D	0.2%	0.13%	0.13%
	WFG	B	0.02%	0.02%	0.02%

SPDW Overweight 79 Positions Relative to TLTD

	Symbol	Grade	Weight
	SPOT	B	0.19%
	SE	B	0.13%
	KB	D	0.12%
	ICLR	D	0.1%
	PKX	D	0.1%
	CHKP	B	0.1%
	CPNG	B	0.1%
	SHG	C	0.09%
	TEVA	C	0.08%
	CYBR	D	0.07%
	ARM	D	0.06%
	FLEX	C	0.06%
	MT	D	0.05%
	ONON	C	0.05%
	XRX	D	0.05%
	GRAB	C	0.04%
	MNDY	B	0.04%
	BNTX	C	0.04%
	KEP	C	0.03%
	GSL	D	0.03%
	AER	B	0.03%
	WIX	D	0.03%
	GLOB	D	0.03%
	FUTU	D	0.02%
	ASND	C	0.02%
	KRNT	B	0.02%
	XENE	F	0.02%
	MRUS	D	0.02%
	GLNG	C	0.02%
	CSTM	F	0.01%
	NAT	D	0.01%
	URGN	F	0.01%
	IMCR	F	0.01%
	GLBE	C	0.01%
	AY	C	0.01%
	LPL	F	0.01%
	DAVA	F	0.01%
	GRFS	C	0.01%
	ZIM	C	0.01%
	LPL	F	0.01%
	IGT	D	0.01%
	NOMD	B	0.01%
	BIRK	F	0.01%
	MNMD	F	0.0%
	MAXN	F	0.0%
	MTLS	F	0.0%
	SW	B	0.0%
	FREY	F	0.0%
	HL	C	0.0%
	GRVY	F	0.0%
	ORMP	D	0.0%
	TLRY	F	0.0%
	CVAC	F	0.0%
	CALX	D	0.0%
	AMRN	F	0.0%
	LILM	F	0.0%
	EU	D	0.0%
	TMC	F	0.0%
	ADAP	F	0.0%
	NNOX	F	0.0%
	NNDM	F	0.0%
	GSM	F	0.0%
	NBTX	D	0.0%
	INVZ	D	0.0%
	ABCL	F	0.0%
	CHGX	B	0.0%
	SNDL	D	0.0%
	SSYS	F	0.0%
	PIXY	F	0.0%
	AUPH	C	0.0%
	RDWR	C	0.0%
	SPNS	D	0.0%
	INMD	D	0.0%
	JMIA	F	0.0%
	CSIQ	F	0.0%
	HCM	F	0.0%
	IMTX	C	0.0%
	FVRR	C	0.0%
	MLCO	D	0.0%

SPDW Underweight 11 Positions Relative to TLTD

	Symbol	Grade	Weight
	DOOO	F	-0.15%
	GOLD	C	-0.09%
	PRMW	B	-0.04%
	RBA	B	-0.04%
	ECO	B	-0.03%
	BBUC	C	-0.03%
	FLNG	C	-0.01%
	TRMD	C	-0.01%
	ORLA	C	-0.01%
	GOGL	D	-0.01%
	HAFN	D	-0.01%

SPDW: Top Represented Industries & Keywords

Industries: Biotechnology Software - Application Banks - Global Drug Manufacturers - Major Auto Manufacturers Banks - Regional - Asia Computer Systems Drug Manufacturers - Specialty & Generic Shipping & Ports Software - Infrastructure Capital Markets Communication Equipment Consumer Electronics Diagnostics & Research Diversified Industrials Electronic Gaming & Multimedia Gambling Gold Industrial Metals & Minerals Information Technology Services

Keywords: Medicine Biotechnology Biopharmaceutical Bank Banking Cancer Investment Banking Pharmaceutical Clinical Medicine Financial Products Investment Banking Services Systems Integrator Aerospace Asset Management Computing E Commerce Electricity Immunotherapy Infectious Diseases Natural Gas

TLTD: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Gold Software - Application Beverages - Soft Drinks Drug Manufacturers - Major Marine Shipping Shipping & Ports Asset Management Banks - Regional - Asia Banks - Regional - Europe Beverages - Wineries & Distilleries Biotechnology Business Services Capital Markets Computer Systems Consumer Electronics Diagnostics & Research Diversified Industrials Farm & Construction Equipment

Keywords: Bank Banking Financial Products Investment Banking Mining Insurance Products Investment Banking Services Advisory Services Asset Management Biotechnology Cars Commercial Banking Corporate Banking Drink Fax Gas Exploration Investment Bank Investment Product Natural Gas Natural Gas Exploration