TLTD vs. DFAX ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to Dimensional World ex U.S. Core Equity 2 ETF (DFAX)

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

$70.45

Average Daily Volume

8,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFAX

Dimensional World ex U.S. Core Equity 2 ETF

DFAX Description

Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund is co-managed by Dimensional Fund Advisors Ltd. and DFA Australia Limited. It invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to benchmark the performance of its portfolio against the MSCI All Country World ex USA Index (net dividends). Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF was formed on March 6, 2008 and is domiciled in United States.

Grade (RS Rating)

Last Trade

$25.46

Average Daily Volume

493,595

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	DFAX
30 Days	-2.89%	-3.20%
60 Days	-4.79%	-3.57%
90 Days	-5.02%	-3.85%
12 Months	12.46%	12.49%

53 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in DFAX	Overlap
ABBV	F	0.25%	0.23%	0.23%
AEI	D	0.02%	0.03%	0.02%
AGCO	D	0.03%	0.03%	0.03%
BCS	A	0.2%	0.09%	0.09%
BCS	A	0.2%	0.02%	0.02%
CCEP	C	0.04%	0.04%	0.04%
CNI	F	0.17%	0.1%	0.1%
DEO	F	0.18%	0.05%	0.05%
DEO	F	0.18%	0.02%	0.02%
DOOO	F	0.12%	0.01%	0.01%
E	F	0.14%	0.12%	0.12%
ECO	F	0.02%	0.0%	0.0%
ELBM	D	0.01%	0.01%	0.01%
FLNG	C	0.01%	0.0%	0.0%
FLUT	A	0.12%	0.09%	0.09%
GOGL	F	0.01%	0.01%	0.01%
GOLD	C	0.08%	0.04%	0.04%
HMC	F	0.17%	0.03%	0.03%
HMC	F	0.17%	0.05%	0.05%
HSBH	B	0.68%	0.09%	0.09%
LOGI	D	0.04%	0.08%	0.04%
LSPD	C	0.02%	0.02%	0.02%
LYG	D	0.18%	0.0%	0.0%
LYG	D	0.18%	0.1%	0.1%
MBAVU	C	0.01%	0.01%	0.01%
MFG	A	0.24%	0.07%	0.07%
MNTX	B	0.01%	0.01%	0.01%
MUFG	B	0.41%	0.04%	0.04%
MUFG	B	0.41%	0.23%	0.23%
NMR	B	0.05%	0.07%	0.05%
NMR	B	0.05%	0.02%	0.02%
NVS	F	0.58%	0.6%	0.58%
NVS	F	0.58%	0.01%	0.01%
ORLA	C	0.01%	0.01%	0.01%
OTEX	F	0.03%	0.03%	0.03%
PDS	C	0.06%	0.01%	0.01%
QGEN	D	0.03%	0.02%	0.02%
RBA	A	0.05%	0.04%	0.04%
RENB	F	0.0%	0.0%	0.0%
SHOP	B	0.38%	0.02%	0.02%
SMFG	B	0.27%	0.0%	0.0%
SMFG	B	0.27%	0.11%	0.11%
SONY	B	0.32%	0.24%	0.24%
STLA	F	0.12%	0.15%	0.12%
TAC	A	0.03%	0.02%	0.02%
TD	D	0.39%	0.18%	0.18%
TM	F	0.84%	0.61%	0.61%
TM	F	0.84%	0.03%	0.03%
TRMD	F	0.0%	0.01%	0.0%
UL	D	0.41%	0.03%	0.03%
UL	D	0.41%	0.2%	0.2%
WCN	A	0.14%	0.04%	0.04%
WFG	C	0.02%	0.04%	0.02%

TLTD Overweight 3 Positions Relative to DFAX

Symbol	Grade	Weight
BBUC	C	0.04%
DNN	B	0.02%
TIGO	D	0.01%

TLTD Underweight 125 Positions Relative to DFAX

Symbol	Grade	Weight
TSM	B	-0.8%
BABA	D	-0.39%
ASML	F	-0.38%
BP	D	-0.26%
AZN	F	-0.21%
HSBC	A	-0.2%
BHP	F	-0.17%
IBN	C	-0.16%
KB	B	-0.12%
BBVA	D	-0.12%
YUMC	C	-0.12%
RIO	D	-0.11%
GSK	F	-0.11%
HDB	C	-0.1%
VALE	F	-0.09%
TCOM	B	-0.09%
PDD	F	-0.09%
NVO	F	-0.08%
RELX	D	-0.08%
INFY	C	-0.06%
HMY	D	-0.06%
GFI	D	-0.06%
ERJ	A	-0.06%
UMC	F	-0.06%
STM	F	-0.06%
SHG	C	-0.05%
VIPS	F	-0.05%
RDY	F	-0.05%
NTES	D	-0.05%
PHG	C	-0.05%
ERJ	A	-0.05%
BIDU	F	-0.04%
BIDU	F	-0.04%
TCOM	B	-0.04%
TEVA	C	-0.04%
BILI	D	-0.03%
PAC	B	-0.03%
IBN	C	-0.03%
VALE	F	-0.03%
TME	D	-0.03%
WPP	C	-0.03%
NGG	D	-0.03%
MT	B	-0.03%
XPEV	C	-0.03%
ZTO	F	-0.02%
LPL	D	-0.02%
ASR	D	-0.02%
NIO	F	-0.02%
HDB	C	-0.02%
BTI	B	-0.02%
SBSW	D	-0.02%
PKX	D	-0.02%
VIST	B	-0.02%
CAR	C	-0.02%
PSO	B	-0.02%
ING	F	-0.02%
HLN	C	-0.02%
GGB	C	-0.02%
SAN	D	-0.02%
XRX	F	-0.02%
TS	B	-0.02%
GDS	C	-0.02%
IHG	A	-0.02%
BCH	C	-0.01%
TLRY	F	-0.01%
LPL	D	-0.01%
SQM	D	-0.01%
SBS	B	-0.01%
BUD	F	-0.01%
TEF	C	-0.01%
EQNR	C	-0.01%
CSAN	F	-0.01%
SGRP	D	-0.01%
ASTL	B	-0.01%
CHT	C	-0.01%
BBD	D	-0.01%
TTE	F	-0.01%
SKM	C	-0.01%
PRMW	C	-0.01%
JKS	F	-0.01%
SHG	C	-0.01%
PIXY	F	-0.01%
KB	B	-0.01%
ASX	D	-0.01%
BAP	A	-0.01%
TCI	D	-0.01%
IQ	F	-0.01%
HTHT	D	-0.01%
WIT	B	-0.01%
BRFS	C	-0.01%
ASAI	F	-0.01%
GGB	C	-0.01%
FRO	D	-0.01%
NWG	A	-0.01%
WDS	D	-0.01%
LI	F	-0.01%
BCH	C	-0.0%
CLF	F	-0.0%
SAP	B	-0.0%
AUDC	D	-0.0%
VNET	B	-0.0%
BLCO	B	-0.0%
FMX	F	-0.0%
WIT	B	-0.0%
SNN	D	-0.0%
JHX	D	-0.0%
ARGX	B	-0.0%
ASAI	F	-0.0%
UGP	F	-0.0%
SBSW	D	-0.0%
NICE	D	-0.0%
CCU	D	-0.0%
SNY	F	-0.0%
TLK	D	-0.0%
CHGX	A	-0.0%
BGNE	D	-0.0%
BGNE	D	-0.0%
CSAN	F	-0.0%
CHT	C	-0.0%
MGIC	D	-0.0%
ABEV	F	-0.0%
KOF	F	-0.0%
SID	F	-0.0%
IMOS	F	-0.0%
KEP	B	-0.0%