TLTE vs. BKEM ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to BNY Mellon Emerging Markets Equity ETF (BKEM)

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

$53.59

Average Daily Volume

4,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BKEM

BNY Mellon Emerging Markets Equity ETF

BKEM Description

The investment seeks to track the performance of the Morningstar Emerging Markets Large Cap IndexSM. Under normal circumstances, in seeking to track the index's performance, the fund generally purchases a representative sample of the securities comprising the index. By using a sampling process, it typically will not invest in all of the securities in the index. The Morningstar® Emerging Markets Large Cap IndexSM is a float-adjusted market capitalization weighted index designed to measure the performance of emerging market large-capitalization stocks. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.10

Average Daily Volume

11,172

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	BKEM
30 Days	-4.32%	-4.25%
60 Days	-1.63%	-1.10%
90 Days	-1.73%	-1.15%
12 Months	11.46%	12.14%

39 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in BKEM	Overlap
ABEV	F	0.07%	0.11%	0.07%
ASAI	F	0.05%	0.1%	0.05%
ATHM	C	0.01%	0.03%	0.01%
BABA	D	1.98%	2.23%	1.98%
BCH	C	0.05%	0.06%	0.05%
BEKE	D	0.03%	0.18%	0.03%
BEKE	D	0.09%	0.18%	0.09%
BGNE	D	0.08%	0.13%	0.08%
BIDU	F	0.26%	0.3%	0.26%
BILI	D	0.03%	0.08%	0.03%
BRFS	C	0.03%	0.04%	0.03%
CHT	C	0.11%	0.19%	0.11%
CSAN	F	0.03%	0.03%	0.03%
ERJ	A	0.05%	0.07%	0.05%
GDS	C	0.03%	0.03%	0.03%
GGB	C	0.05%	0.05%	0.05%
HDB	C	0.83%	1.37%	0.83%
IBN	C	0.57%	0.95%	0.57%
IQ	F	0.01%	0.02%	0.01%
KB	B	0.26%	0.29%	0.26%
KEP	B	0.04%	0.05%	0.04%
LI	F	0.1%	0.19%	0.1%
LPL	D	0.02%	0.03%	0.02%
NIO	F	0.05%	0.08%	0.05%
PDD	F	0.55%	0.94%	0.55%
SBSW	D	0.03%	0.04%	0.03%
SHG	C	0.2%	0.19%	0.19%
SKM	C	0.04%	0.03%	0.03%
TAL	F	0.03%	0.05%	0.03%
TCOM	B	0.26%	0.41%	0.26%
TME	D	0.03%	0.09%	0.03%
TME	D	0.02%	0.09%	0.02%
UMC	F	0.18%	0.2%	0.18%
VALE	F	0.38%	0.48%	0.38%
VIPS	F	0.05%	0.06%	0.05%
WB	D	0.1%	0.01%	0.01%
WIT	B	0.07%	0.11%	0.07%
XPEV	C	0.07%	0.08%	0.07%
YMM	C	0.04%	0.08%	0.04%

TLTE Overweight 16 Positions Relative to BKEM

Symbol	Grade	Weight
SGRP	D	0.16%
YUMC	C	0.13%
BAP	A	0.13%
DQ	F	0.13%
MOMO	D	0.12%
FINV	B	0.11%
VIST	B	0.04%
MNSO	D	0.02%
ATAT	C	0.02%
IMOS	F	0.01%
EH	D	0.01%
RLX	C	0.01%
IFS	A	0.01%
CAR	C	0.01%
AKO.A	F	0.01%
YY	B	0.01%

TLTE Underweight 9 Positions Relative to BKEM

Symbol	Grade	Weight
NU	C	-0.57%
XP	F	-0.08%
MMYT	B	-0.07%
BZ	F	-0.05%
QFIN	A	-0.03%
STNE	F	-0.03%
SBLK	F	-0.02%
PAGS	F	-0.02%
KT	A	-0.02%