TLTD vs. GXUS ETF Comparison

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

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

$70.24

Average Daily Volume

6,323

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GXUS

Goldman Sachs MarketBeta Total International Equity ETF

GXUS Description

GXUS is a passively managed fund that offers broad-based, vanilla exposure to the global ex-US equity space. The fund holds large- and mid-cap stocks, representing 85% of the free-float market capitalization of developed and emerging markets, excluding the US. Constituents are selected and weighted based on their market capitalization. The funds adviser employs tax management strategies such as in-kind redemptions and tax lot selection, to generally minimize taxable capital gain distributions. The index reconstitutes on a semi-annual basis in May and November. Since the objective of the fund is to track an index, buy and sell decisions do not take into consideration analysis of economic or market factors. The portfolio may become concentrated at times. However, the funds adviser may over- or underweight positions in the index if considered to be appropriate.

Grade (RS Rating)

Last Trade

$44.50

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	GXUS
30 Days	-5.17%	-5.59%
60 Days	-4.11%	-2.59%
90 Days	-1.91%	-1.25%
12 Months	12.98%	14.87%

28 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in GXUS	Overlap
ABBV	D	0.25%	0.33%	0.25%
AGCO	F	0.03%	0.02%	0.02%
BCS	B	0.2%	0.17%	0.17%
CCEP	C	0.04%	0.06%	0.04%
CNI	F	0.17%	0.23%	0.17%
DEO	F	0.18%	0.24%	0.18%
E	F	0.13%	0.12%	0.12%
GOLD	F	0.09%	0.12%	0.09%
HMC	F	0.17%	0.15%	0.15%
HSBH	C	0.66%	0.61%	0.61%
LYG	D	0.17%	0.15%	0.15%
MBAVU	C	0.01%	0.01%	0.01%
MFG	B	0.22%	0.2%	0.2%
MUFG	A	0.39%	0.48%	0.39%
NMR	C	0.05%	0.06%	0.05%
NVS	F	0.58%	0.73%	0.58%
OTEX	D	0.03%	0.03%	0.03%
RBA	B	0.04%	0.06%	0.04%
SHOP	A	0.3%	0.35%	0.3%
SMFG	B	0.27%	0.32%	0.27%
SONY	C	0.31%	0.39%	0.31%
STLA	F	0.11%	0.1%	0.1%
TD	D	0.39%	0.36%	0.36%
TIGO	D	0.01%	0.01%	0.01%
TM	F	0.82%	0.72%	0.72%
UL	D	0.41%	0.52%	0.41%
WCN	A	0.13%	0.17%	0.13%
WFG	D	0.02%	0.02%	0.02%

TLTD Overweight 19 Positions Relative to GXUS

Symbol	Grade	Weight
DOOO	F	0.12%
FLUT	A	0.11%
PDS	F	0.06%
LOGI	F	0.04%
PRMW	C	0.04%
BBUC	B	0.04%
TAC	C	0.03%
QGEN	D	0.03%
AEI	D	0.02%
ECO	F	0.02%
LSPD	B	0.02%
DNN	B	0.02%
FLNG	C	0.01%
ELBM	D	0.01%
GOGL	D	0.01%
MNTX	C	0.01%
ORLA	D	0.01%
RENB	D	0.0%
TRMD	F	0.0%

TLTD Underweight 65 Positions Relative to GXUS

Symbol	Grade	Weight
BABA	D	-0.71%
HDB	C	-0.42%
PDD	F	-0.3%
IBN	C	-0.28%
NXPI	F	-0.21%
NU	B	-0.17%
VALE	F	-0.16%
TCOM	C	-0.14%
ARGX	A	-0.13%
SE	B	-0.13%
KB	C	-0.09%
BIDU	F	-0.09%
SHG	D	-0.07%
AER	C	-0.07%
BEKE	C	-0.06%
UMC	F	-0.06%
ICLR	F	-0.06%
XRX	F	-0.05%
CHT	C	-0.05%
LI	F	-0.05%
CHKP	D	-0.05%
ABEV	D	-0.04%
BNTX	D	-0.04%
GRAB	A	-0.04%
BGNE	D	-0.04%
MNDY	C	-0.04%
CYBR	B	-0.04%
NIO	F	-0.03%
YMM	C	-0.03%
XPEV	B	-0.03%
HTHT	C	-0.03%
FUTU	C	-0.03%
TME	F	-0.03%
ASAI	F	-0.03%
WIT	B	-0.03%
WIX	B	-0.03%
KEP	C	-0.02%
BZ	F	-0.02%
GGB	B	-0.02%
TAL	D	-0.02%
BCH	F	-0.02%
VIPS	F	-0.02%
MMYT	C	-0.02%
ERJ	A	-0.02%
BILI	C	-0.02%
XP	F	-0.02%
PAGS	F	-0.01%
LPL	F	-0.01%
ATAT	B	-0.01%
ATHM	F	-0.01%
KT	C	-0.01%
SKM	D	-0.01%
QFIN	C	-0.01%
ZIM	B	-0.01%
CSAN	F	-0.01%
GDS	B	-0.01%
STNE	F	-0.01%
FRO	D	-0.01%
BRFS	C	-0.01%
SBSW	D	-0.01%
GLBE	B	-0.01%
WB	F	-0.0%
IQ	F	-0.0%
CLBT	C	-0.0%
SBLK	D	-0.0%