TLTE vs. AVES ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to Avantis Emerging Markets Value ETF (AVES)

TLTE

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

TLTE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MorningstarÂ® Emerging Markets Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of its 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 emerging equities markets, with increased exposure (or a "tilt") to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$54.41

Average Daily Volume

12,612

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVES

Avantis Emerging Markets Value ETF

AVES Description

Avantis Emerging Markets Value ETF is an exchange traded fund launched and managed by American Century Investment Management, Inc. The fund invests in the public equity markets of emerging countries across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalizations. It benchmarks the performance of its portfolio against the MSCI Emerging Markets Value IMI Index. American Century ETF Trust - Avantis Emerging Markets Value ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$49.86

Average Daily Volume

37,498

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	AVES
30 Days	3.23%	3.26%
60 Days	2.95%	2.40%
90 Days	5.51%	5.24%
12 Months	16.86%	20.40%

28 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in AVES	Overlap
AKO.A	C	0.01%	0.06%	0.01%
ASAI	D	0.05%	0.04%	0.04%
ATHM	D	0.01%	0.0%	0.0%
BCH	C	0.05%	0.15%	0.05%
BEKE	C	0.06%	0.4%	0.06%
BEKE	C	0.02%	0.4%	0.02%
DQ	F	0.09%	0.09%	0.09%
ERJ	D	0.04%	0.49%	0.04%
FINV	C	0.09%	0.08%	0.08%
GDS	B	0.01%	0.0%	0.0%
GGB	F	0.05%	0.2%	0.05%
HOLI	B	0.01%	0.09%	0.01%
IMOS	C	0.01%	0.06%	0.01%
IQ	D	0.01%	0.08%	0.01%
KB	A	0.24%	0.98%	0.24%
LI	F	0.07%	0.38%	0.07%
LPL	B	0.03%	0.12%	0.03%
MNSO	F	0.02%	0.01%	0.01%
MOMO	B	0.11%	0.13%	0.11%
SBSW	D	0.03%	0.09%	0.03%
SHG	A	0.18%	0.66%	0.18%
SKM	D	0.04%	0.1%	0.04%
TAL	D	0.03%	0.02%	0.02%
UMC	B	0.21%	0.49%	0.21%
VALE	D	0.43%	0.36%	0.36%
VIPS	F	0.05%	0.44%	0.05%
WB	D	0.09%	0.03%	0.03%
YUMC	F	0.08%	0.22%	0.08%

TLTE Overweight 28 Positions Relative to AVES

Symbol	Grade	Weight
BABA	D	1.63%
HDB	C	0.86%
PDD	D	0.66%
IBN	A	0.54%
BIDU	F	0.26%
TCOM	C	0.19%
SGRP	B	0.15%
CHT	D	0.11%
BAP	C	0.11%
WIT	A	0.07%
BGNE	F	0.06%
ABEV	F	0.06%
TME	B	0.05%
VIST	B	0.04%
NIO	F	0.04%
YMM	D	0.04%
TME	B	0.03%
XPEV	F	0.03%
CSAN	D	0.03%
BRFS	A	0.03%
KEP	D	0.03%
BILI	C	0.02%
EH	D	0.01%
IFS	C	0.01%
CAR	F	0.01%
RLX	F	0.01%
YY	C	0.01%
ATAT	B	0.01%

TLTE Underweight 35 Positions Relative to AVES

Symbol	Grade	Weight
ZTO	F	-0.58%
GFI	C	-0.39%
QFIN	D	-0.37%
ASX	B	-0.29%
TLK	C	-0.28%
BBD	D	-0.28%
ITUB	D	-0.23%
HMY	B	-0.22%
SUZ	C	-0.17%
RDY	A	-0.17%
SID	D	-0.16%
NTES	D	-0.15%
KT	C	-0.14%
PBR	D	-0.14%
SSL	C	-0.11%
PKX	D	-0.1%
CSIQ	F	-0.05%
TWI	F	-0.04%
LX	F	-0.03%
BAK	D	-0.03%
NOAH	D	-0.03%
VNET	C	-0.02%
QD	F	-0.02%
VLRS	F	-0.02%
CCU	F	-0.02%
OLED	A	-0.01%
UGP	D	-0.01%
GRIN	B	-0.01%
CAN	D	-0.01%
SQM	D	-0.0%
FANH	F	-0.0%
PHI	C	-0.0%
PAC	D	-0.0%
CAAS	D	-0.0%
YRD	D	-0.0%