TLTD vs. AVDE ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to Avantis International Equity ETF (AVDE)

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

$69.91

Average Daily Volume

6,323

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVDE

Avantis International Equity ETF

AVDE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of non-U.S. companies across countries, market sectors and industry groups. It may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities. It also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$62.71

Average Daily Volume

235,876

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	AVDE
30 Days	-5.17%	-5.21%
60 Days	-4.11%	-3.91%
90 Days	-1.91%	-1.68%
12 Months	12.98%	11.54%

35 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in AVDE	Overlap
ABBV	D	0.25%	0.12%	0.12%
AEI	D	0.02%	0.01%	0.01%
AGCO	F	0.03%	0.12%	0.03%
BCS	B	0.2%	0.36%	0.2%
CCEP	C	0.04%	0.09%	0.04%
CNI	F	0.17%	0.25%	0.17%
DEO	F	0.18%	0.21%	0.18%
DOOO	F	0.12%	0.02%	0.02%
E	F	0.13%	0.15%	0.13%
ELBM	D	0.01%	0.0%	0.0%
FLNG	C	0.01%	0.0%	0.0%
HMC	F	0.17%	0.21%	0.17%
LOGI	F	0.04%	0.11%	0.04%
LSPD	B	0.02%	0.0%	0.0%
LYG	D	0.17%	0.26%	0.17%
MBAVU	C	0.01%	0.01%	0.01%
MFG	B	0.22%	0.18%	0.18%
MUFG	A	0.39%	0.34%	0.34%
NVS	F	0.58%	0.84%	0.58%
ORLA	D	0.01%	0.0%	0.0%
OTEX	D	0.03%	0.03%	0.03%
PDS	F	0.06%	0.01%	0.01%
PRMW	C	0.04%	0.01%	0.01%
QGEN	D	0.03%	0.03%	0.03%
RBA	B	0.04%	0.07%	0.04%
RENB	D	0.0%	0.0%	0.0%
SHOP	A	0.3%	0.11%	0.11%
SMFG	B	0.27%	0.28%	0.27%
STLA	F	0.11%	0.1%	0.1%
TAC	C	0.03%	0.03%	0.03%
TD	D	0.39%	0.25%	0.25%
TM	F	0.82%	0.58%	0.58%
TRMD	F	0.0%	0.02%	0.0%
UL	D	0.41%	0.31%	0.31%
WFG	D	0.02%	0.15%	0.02%

TLTD Overweight 12 Positions Relative to AVDE

Symbol	Grade	Weight
HSBH	C	0.66%
SONY	C	0.31%
WCN	A	0.13%
FLUT	A	0.11%
GOLD	F	0.09%
NMR	C	0.05%
BBUC	B	0.04%
ECO	F	0.02%
DNN	B	0.02%
GOGL	D	0.01%
MNTX	C	0.01%
TIGO	D	0.01%

TLTD Underweight 78 Positions Relative to AVDE

Symbol	Grade	Weight
NVO	F	-1.43%
TTE	F	-0.64%
HSBC	C	-0.62%
ASML	F	-0.6%
BHP	F	-0.5%
BP	F	-0.49%
AZN	F	-0.48%
GSK	F	-0.36%
SAP	C	-0.33%
ING	F	-0.33%
RELX	D	-0.32%
RIO	F	-0.31%
SNY	F	-0.31%
BBVA	F	-0.3%
SAN	D	-0.29%
STM	F	-0.21%
ORAN	F	-0.21%
NWG	C	-0.18%
NGG	F	-0.17%
AER	C	-0.17%
VOD	F	-0.16%
IX	F	-0.15%
MT	D	-0.12%
HLN	D	-0.12%
BUD	F	-0.12%
SW	C	-0.11%
TEF	F	-0.11%
PHG	D	-0.11%
ZIM	B	-0.1%
NOK	C	-0.09%
ERIC	C	-0.09%
EQNR	F	-0.08%
TEVA	D	-0.07%
TAK	D	-0.07%
GMAB	F	-0.06%
SNN	F	-0.06%
CHKP	D	-0.06%
CHRD	F	-0.05%
ARGX	A	-0.05%
SE	B	-0.04%
CUK	A	-0.03%
GLNG	C	-0.03%
FUTU	C	-0.02%
WPP	C	-0.02%
WDS	F	-0.02%
BUR	D	-0.02%
XRX	F	-0.02%
MNDY	C	-0.01%
GLBE	B	-0.01%
FMS	B	-0.01%
TS	B	-0.01%
ICLR	F	-0.01%
WIX	B	-0.01%
GLPG	D	-0.01%
PSO	C	-0.01%
CYBR	B	-0.01%
GRAB	A	-0.01%
NICE	B	-0.01%
FRO	D	-0.01%
CLLS	F	-0.0%
IAUX	F	-0.0%
IPHA	F	-0.0%
UBCP	C	-0.0%
CSTE	F	-0.0%
QIPT	F	-0.0%
GEN	A	-0.0%
PIXY	F	-0.0%
SSBI	F	-0.0%
VGR	B	-0.0%
MLCO	F	-0.0%
ITRN	B	-0.0%
NNDM	F	-0.0%
CSTM	F	-0.0%
ASTL	C	-0.0%
KRNT	B	-0.0%
VMAR	F	-0.0%
SPNS	F	-0.0%
TCI	D	-0.0%