TLTD vs. GSIE ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to Goldman Sachs ActiveBeta International Equity ETF (GSIE)

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

$73.39

Average Daily Volume

11,764

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSIE

Goldman Sachs ActiveBeta International Equity ETF

GSIE Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® International Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of developed market issuers outside of the United States.

Grade (RS Rating)

Last Trade

$35.63

Average Daily Volume

274,575

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	GSIE
30 Days	0.65%	1.31%
60 Days	2.24%	3.97%
90 Days	4.81%	5.83%
12 Months	16.88%	17.52%

27 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in GSIE	Overlap
ABBV	C	0.24%	0.27%	0.24%
AGCO	D	0.03%	0.03%	0.03%
BCS	B	0.17%	0.22%	0.17%
CCEP	B	0.04%	0.09%	0.04%
CNI	D	0.17%	0.1%	0.1%
DEO	C	0.19%	0.08%	0.08%
DOOO	F	0.15%	0.05%	0.05%
E	C	0.14%	0.24%	0.14%
HMC	D	0.19%	0.11%	0.11%
LOGI	D	0.04%	0.21%	0.04%
LYG	B	0.19%	0.18%	0.18%
MBAVU	C	0.01%	0.04%	0.01%
MFG	D	0.19%	0.24%	0.19%
MUFG	D	0.34%	0.34%	0.34%
NMR	F	0.04%	0.11%	0.04%
NVS	C	0.64%	1.07%	0.64%
OTEX	D	0.03%	0.02%	0.02%
QGEN	B	0.03%	0.11%	0.03%
RBA	C	0.04%	0.04%	0.04%
SHOP	C	0.24%	0.15%	0.15%
SMFG	D	0.24%	0.29%	0.24%
SONY	D	0.29%	0.16%	0.16%
STLA	F	0.12%	0.12%	0.12%
TD	A	0.42%	0.41%	0.41%
TM	F	0.8%	0.4%	0.4%
UL	C	0.45%	0.35%	0.35%
WFG	B	0.02%	0.02%	0.02%

TLTD Overweight 20 Positions Relative to GSIE

Symbol	Grade	Weight
WCN	D	0.13%
FLUT	B	0.1%
GOLD	B	0.09%
PDS	D	0.06%
PRMW	A	0.04%
ECO	B	0.03%
IAG	B	0.03%
BBUC	C	0.03%
DNN	F	0.02%
AEI	D	0.02%
ELBM	C	0.01%
FLNG	C	0.01%
MNTX	D	0.01%
TRMD	C	0.01%
ORLA	C	0.01%
GOGL	D	0.01%
HAFN	D	0.01%
TAC	B	0.01%
LSPD	D	0.01%
RENB	F	0.0%

TLTD Underweight 9 Positions Relative to GSIE

Symbol	Grade	Weight
WIX	D	-0.25%
TEVA	C	-0.25%
XRX	F	-0.17%
MNDY	B	-0.15%
CHKP	C	-0.11%
AER	C	-0.08%
SE	B	-0.07%
CYBR	D	-0.04%
FUTU	D	-0.02%

GSIE: Top Represented Industries & Keywords

Industries: Banks - Global Software - Application Auto Manufacturers Capital Markets Drug Manufacturers - Major Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Business Services Computer Systems Consumer Electronics Diagnostics & Research Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Household & Personal Products Information Technology Services Internet Content & Information