TLTE vs. DFSE ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE)

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

DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the Emerging Markets Universe, while adjusting the composition of the Portfolio based on sustainability impact considerations.

Grade (RS Rating)

Last Trade

$33.56

Average Daily Volume

26,202

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	DFSE
30 Days	-4.32%	-4.22%
60 Days	-1.63%	-1.41%
90 Days	-1.73%	-1.38%
12 Months	11.46%	12.43%

48 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in DFSE	Overlap
ABEV	F	0.07%	0.05%	0.05%
AKO.A	F	0.01%	0.02%	0.01%
AKO.A	F	0.01%	0.01%	0.01%
ASAI	F	0.05%	0.03%	0.03%
ASAI	F	0.05%	0.07%	0.05%
BABA	D	1.98%	1.33%	1.33%
BABA	D	1.98%	0.08%	0.08%
BAP	A	0.13%	0.09%	0.09%
BCH	C	0.05%	0.01%	0.01%
BCH	C	0.05%	0.04%	0.04%
BGNE	D	0.08%	0.04%	0.04%
BGNE	D	0.08%	0.05%	0.05%
BIDU	F	0.26%	0.06%	0.06%
BIDU	F	0.26%	0.16%	0.16%
BILI	D	0.03%	0.09%	0.03%
CSAN	F	0.03%	0.0%	0.0%
CSAN	F	0.03%	0.01%	0.01%
ERJ	A	0.05%	0.14%	0.05%
ERJ	A	0.05%	0.02%	0.02%
GGB	C	0.05%	0.0%	0.0%
GGB	C	0.05%	0.04%	0.04%
HDB	C	0.83%	0.22%	0.22%
HDB	C	0.83%	0.18%	0.18%
IBN	C	0.57%	0.62%	0.57%
IBN	C	0.57%	0.14%	0.14%
IFS	A	0.01%	0.01%	0.01%
IQ	F	0.01%	0.02%	0.01%
KB	B	0.26%	0.25%	0.25%
KB	B	0.26%	0.06%	0.06%
LI	F	0.1%	0.09%	0.09%
NIO	F	0.05%	0.06%	0.05%
PDD	F	0.55%	0.78%	0.55%
SBSW	D	0.03%	0.04%	0.03%
SBSW	D	0.03%	0.0%	0.0%
SGRP	D	0.16%	0.03%	0.03%
SHG	C	0.2%	0.25%	0.2%
SHG	C	0.2%	0.04%	0.04%
SKM	C	0.04%	0.02%	0.02%
SKM	C	0.04%	0.01%	0.01%
TCOM	B	0.26%	0.37%	0.26%
TCOM	B	0.26%	0.11%	0.11%
TME	D	0.02%	0.13%	0.02%
TME	D	0.03%	0.13%	0.03%
VIPS	F	0.05%	0.2%	0.05%
WIT	B	0.07%	0.02%	0.02%
WIT	B	0.07%	0.12%	0.07%
XPEV	C	0.07%	0.14%	0.07%
YUMC	C	0.13%	0.07%	0.07%

TLTE Overweight 24 Positions Relative to DFSE

Symbol	Grade	Weight
VALE	F	0.38%
UMC	F	0.18%
DQ	F	0.13%
MOMO	D	0.12%
CHT	C	0.11%
FINV	B	0.11%
WB	D	0.1%
BEKE	D	0.09%
KEP	B	0.04%
VIST	B	0.04%
YMM	C	0.04%
BEKE	D	0.03%
TAL	F	0.03%
GDS	C	0.03%
BRFS	C	0.03%
MNSO	D	0.02%
ATAT	C	0.02%
LPL	D	0.02%
IMOS	F	0.01%
EH	D	0.01%
RLX	C	0.01%
CAR	C	0.01%
ATHM	C	0.01%
YY	B	0.01%

TLTE Underweight 42 Positions Relative to DFSE

Symbol	Grade	Weight
INFY	C	-0.51%
NTES	C	-0.16%
GFI	D	-0.14%
PAC	B	-0.13%
ASR	D	-0.1%
ITUB	F	-0.07%
FMX	F	-0.07%
SQM	D	-0.06%
UGP	F	-0.05%
RDY	F	-0.05%
KOF	F	-0.05%
BBD	D	-0.05%
VIV	F	-0.04%
CIB	B	-0.04%
OMAB	D	-0.03%
ASX	D	-0.02%
BSAC	C	-0.02%
CIG	B	-0.02%
SUZ	B	-0.02%
WF	C	-0.02%
EBR	F	-0.01%
CCU	D	-0.01%
BZ	F	-0.01%
SHPH	F	-0.01%
SLDB	F	-0.01%
BSBR	F	-0.01%
SBS	B	-0.01%
TLK	D	-0.01%
ELP	F	-0.01%
IAC	F	-0.0%
CGA	D	-0.0%
AVAL	C	-0.0%
MGNX	F	-0.0%
NIU	F	-0.0%
KC	B	-0.0%
JEWL	D	-0.0%
ENIC	B	-0.0%
BAOS	F	-0.0%
DRD	D	-0.0%
ZTO	F	-0.0%
PDSB	F	-0.0%
BZUN	F	-0.0%