TLTD vs. SPDW ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to SPDR Portfolio World ex-US ETF (SPDW)

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

$74.33

Average Daily Volume

11,764

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPDW

SPDR Portfolio World ex-US ETF

SPDW Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S.BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.23

Average Daily Volume

2,055,823

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	SPDW
30 Days	0.65%	0.38%
60 Days	2.24%	2.52%
90 Days	4.81%	4.40%
12 Months	16.88%	17.23%

36 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in SPDW	Overlap
ABBV	C	0.24%	0.37%	0.24%
AEI	D	0.02%	0.02%	0.02%
AGCO	D	0.03%	0.03%	0.03%
BCS	B	0.17%	0.17%	0.17%
CCEP	B	0.04%	0.08%	0.04%
CNI	D	0.17%	0.31%	0.17%
DEO	C	0.19%	0.29%	0.19%
DNN	F	0.02%	0.0%	0.0%
E	C	0.14%	0.15%	0.14%
ELBM	C	0.01%	0.0%	0.0%
FLUT	B	0.1%	0.03%	0.03%
HMC	D	0.19%	0.22%	0.19%
IAG	B	0.03%	0.02%	0.02%
LOGI	D	0.04%	0.06%	0.04%
LSPD	D	0.01%	0.01%	0.01%
LYG	B	0.19%	0.22%	0.19%
MBAVU	C	0.01%	0.02%	0.01%
MFG	D	0.19%	0.2%	0.19%
MNTX	D	0.01%	0.0%	0.0%
MUFG	D	0.34%	0.52%	0.34%
NMR	F	0.04%	0.07%	0.04%
NVS	C	0.64%	0.93%	0.64%
OTEX	D	0.03%	0.03%	0.03%
PDS	D	0.06%	0.0%	0.0%
QGEN	B	0.03%	0.04%	0.03%
RENB	F	0.0%	0.0%	0.0%
SHOP	C	0.24%	0.36%	0.24%
SMFG	D	0.24%	0.34%	0.24%
SONY	D	0.29%	0.49%	0.29%
STLA	F	0.12%	0.13%	0.12%
TAC	B	0.01%	0.01%	0.01%
TD	A	0.42%	0.47%	0.42%
TM	F	0.8%	0.84%	0.8%
UL	C	0.45%	0.68%	0.45%
WCN	D	0.13%	0.2%	0.13%
WFG	B	0.02%	0.02%	0.02%

TLTD Overweight 11 Positions Relative to SPDW

Symbol	Grade	Weight
DOOO	F	0.15%
GOLD	B	0.09%
PRMW	A	0.04%
RBA	C	0.04%
ECO	B	0.03%
BBUC	C	0.03%
FLNG	C	0.01%
TRMD	C	0.01%
ORLA	C	0.01%
GOGL	D	0.01%
HAFN	D	0.01%

TLTD Underweight 79 Positions Relative to SPDW

Symbol	Grade	Weight
SPOT	B	-0.19%
SE	B	-0.13%
KB	D	-0.12%
ICLR	D	-0.1%
PKX	D	-0.1%
CHKP	C	-0.1%
CPNG	B	-0.1%
SHG	C	-0.09%
TEVA	C	-0.08%
CYBR	D	-0.07%
ARM	D	-0.06%
FLEX	C	-0.06%
MT	D	-0.05%
ONON	B	-0.05%
XRX	F	-0.05%
GRAB	B	-0.04%
MNDY	B	-0.04%
BNTX	C	-0.04%
KEP	C	-0.03%
GSL	D	-0.03%
AER	C	-0.03%
WIX	D	-0.03%
GLOB	D	-0.03%
FUTU	D	-0.02%
ASND	C	-0.02%
KRNT	B	-0.02%
XENE	D	-0.02%
MRUS	D	-0.02%
GLNG	D	-0.02%
CSTM	D	-0.01%
NAT	D	-0.01%
URGN	F	-0.01%
IMCR	F	-0.01%
GLBE	C	-0.01%
AY	B	-0.01%
LPL	F	-0.01%
DAVA	F	-0.01%
GRFS	C	-0.01%
ZIM	C	-0.01%
LPL	F	-0.01%
IGT	D	-0.01%
NOMD	B	-0.01%
BIRK	D	-0.01%
MNMD	F	-0.0%
MAXN	F	-0.0%
MTLS	D	-0.0%
SW	B	-0.0%
FREY	F	-0.0%
HL	C	-0.0%
GRVY	F	-0.0%
ORMP	F	-0.0%
TLRY	F	-0.0%
CVAC	F	-0.0%
CALX	D	-0.0%
AMRN	F	-0.0%
LILM	F	-0.0%
EU	F	-0.0%
TMC	F	-0.0%
ADAP	F	-0.0%
NNOX	F	-0.0%
NNDM	D	-0.0%
GSM	F	-0.0%
NBTX	F	-0.0%
INVZ	F	-0.0%
ABCL	F	-0.0%
CHGX	A	-0.0%
SNDL	D	-0.0%
SSYS	F	-0.0%
PIXY	F	-0.0%
AUPH	C	-0.0%
RDWR	C	-0.0%
SPNS	D	-0.0%
INMD	D	-0.0%
JMIA	F	-0.0%
CSIQ	D	-0.0%
HCM	F	-0.0%
IMTX	C	-0.0%
FVRR	C	-0.0%
MLCO	F	-0.0%