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

$70.47

Average Daily Volume

8,895

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

$63.21

Average Daily Volume

265,509

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	AVDE
30 Days	-1.31%	-1.53%
60 Days	-4.89%	-4.65%
90 Days	-4.70%	-4.39%
12 Months	12.83%	11.45%

34 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in AVDE	Overlap
ABBV	D	0.25%	0.13%	0.13%
AEI	D	0.02%	0.01%	0.01%
AGCO	D	0.03%	0.11%	0.03%
BCS	C	0.2%	0.38%	0.2%
CCEP	C	0.04%	0.09%	0.04%
CNI	D	0.17%	0.26%	0.17%
DEO	F	0.18%	0.21%	0.18%
DOOO	F	0.12%	0.01%	0.01%
E	F	0.14%	0.14%	0.14%
ELBM	F	0.01%	0.0%	0.0%
FLNG	B	0.01%	0.0%	0.0%
HMC	F	0.17%	0.19%	0.17%
LOGI	D	0.04%	0.11%	0.04%
LSPD	C	0.02%	0.0%	0.0%
LYG	F	0.18%	0.27%	0.18%
MBAVU	D	0.01%	0.01%	0.01%
MFG	B	0.24%	0.2%	0.2%
MUFG	B	0.41%	0.37%	0.37%
NVS	D	0.58%	0.79%	0.58%
ORLA	C	0.01%	0.0%	0.0%
OTEX	D	0.03%	0.03%	0.03%
PDS	C	0.06%	0.01%	0.01%
QGEN	D	0.03%	0.03%	0.03%
RBA	A	0.05%	0.08%	0.05%
RENB	F	0.0%	0.0%	0.0%
SHOP	B	0.38%	0.15%	0.15%
SMFG	B	0.27%	0.31%	0.27%
STLA	F	0.12%	0.1%	0.1%
TAC	B	0.03%	0.03%	0.03%
TD	F	0.39%	0.26%	0.26%
TM	D	0.84%	0.59%	0.59%
TRMD	F	0.0%	0.02%	0.0%
UL	D	0.41%	0.29%	0.29%
WFG	D	0.02%	0.16%	0.02%

TLTD Overweight 12 Positions Relative to AVDE

Symbol	Grade	Weight
HSBH	B	0.68%
SONY	B	0.32%
WCN	A	0.14%
FLUT	A	0.12%
GOLD	D	0.08%
NMR	B	0.05%
BBUC	B	0.04%
ECO	F	0.02%
DNN	B	0.02%
MNTX	C	0.01%
GOGL	F	0.01%
TIGO	D	0.01%

TLTD Underweight 80 Positions Relative to AVDE

Symbol	Grade	Weight
NVO	D	-1.4%
TTE	F	-0.63%
HSBC	B	-0.62%
ASML	F	-0.6%
BP	D	-0.49%
BHP	F	-0.48%
AZN	D	-0.43%
SAP	B	-0.34%
GSK	F	-0.33%
RELX	C	-0.32%
ING	F	-0.31%
RIO	D	-0.3%
SAN	F	-0.28%
SNY	F	-0.28%
BBVA	F	-0.28%
ORAN	F	-0.21%
STM	F	-0.2%
AER	B	-0.18%
NWG	C	-0.18%
NGG	D	-0.17%
VOD	F	-0.16%
IX	F	-0.15%
BUD	F	-0.12%
ZIM	C	-0.12%
SW	A	-0.12%
HLN	D	-0.12%
MT	B	-0.12%
TEF	D	-0.11%
PHG	D	-0.11%
EQNR	D	-0.09%
ERIC	B	-0.09%
NOK	D	-0.08%
CHKP	D	-0.07%
TAK	F	-0.07%
SNN	D	-0.06%
TEVA	D	-0.06%
SPOT	B	-0.05%
CHRD	D	-0.05%
GMAB	F	-0.05%
SE	B	-0.05%
ARGX	A	-0.05%
GLNG	C	-0.03%
CUK	B	-0.03%
WPP	B	-0.02%
GRAB	B	-0.02%
WDS	D	-0.02%
BUR	C	-0.02%
XRX	F	-0.02%
KRNT	C	-0.01%
VMAR	F	-0.01%
ASTL	B	-0.01%
GLBE	B	-0.01%
FMS	A	-0.01%
ICLR	D	-0.01%
TS	B	-0.01%
GLPG	D	-0.01%
PSO	B	-0.01%
NICE	C	-0.01%
CYBR	B	-0.01%
WIX	B	-0.01%
FRO	F	-0.01%
FUTU	D	-0.01%
CLLS	F	-0.0%
IAUX	F	-0.0%
SPNS	F	-0.0%
IPHA	F	-0.0%
UBCP	C	-0.0%
CSTE	D	-0.0%
QIPT	F	-0.0%
GEN	B	-0.0%
PIXY	F	-0.0%
CLF	F	-0.0%
SSBI	F	-0.0%
VGR	D	-0.0%
MLCO	F	-0.0%
ITRN	B	-0.0%
NNDM	F	-0.0%
CSTM	F	-0.0%
MNDY	C	-0.0%
TCI	D	-0.0%