TLTE vs. PGJ ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to PowerShares Golden Dragon China Portfolio (PGJ)

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

$53.62

Average Daily Volume

4,149

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PGJ

PowerShares Golden Dragon China Portfolio

PGJ Description

The PowerShares Golden Dragon China Portfolio (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Underlying Index. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$25.20

Average Daily Volume

193,594

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	PGJ
30 Days	-3.60%	-5.62%
60 Days	-2.31%	9.95%
90 Days	-1.68%	16.21%
12 Months	11.52%	0.93%

26 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in PGJ	Overlap
ATAT	C	0.02%	1.18%	0.02%
ATHM	D	0.01%	1.06%	0.01%
BABA	D	1.98%	7.56%	1.98%
BEKE	D	0.09%	4.54%	0.09%
BEKE	D	0.03%	4.54%	0.03%
BIDU	F	0.26%	6.21%	0.26%
BILI	D	0.03%	1.27%	0.03%
DQ	F	0.13%	0.87%	0.13%
EH	F	0.01%	0.45%	0.01%
FINV	B	0.11%	0.65%	0.11%
GDS	C	0.03%	1.34%	0.03%
IQ	F	0.01%	0.67%	0.01%
LI	F	0.1%	2.65%	0.1%
MNSO	F	0.02%	0.53%	0.02%
MOMO	D	0.12%	0.68%	0.12%
NIO	F	0.05%	3.36%	0.05%
RLX	C	0.01%	0.67%	0.01%
TAL	F	0.03%	2.25%	0.03%
TCOM	B	0.26%	8.84%	0.26%
TME	D	0.02%	3.6%	0.02%
TME	D	0.03%	3.6%	0.03%
VIPS	F	0.05%	3.32%	0.05%
WB	D	0.1%	0.44%	0.1%
XPEV	C	0.07%	1.55%	0.07%
YMM	C	0.04%	3.11%	0.04%
YUMC	C	0.13%	9.52%	0.13%

TLTE Overweight 29 Positions Relative to PGJ

Symbol	Grade	Weight
HDB	C	0.83%
IBN	C	0.57%
PDD	F	0.55%
VALE	F	0.38%
KB	B	0.26%
SHG	D	0.2%
UMC	F	0.18%
SGRP	D	0.16%
BAP	B	0.13%
CHT	D	0.11%
BGNE	D	0.08%
ABEV	F	0.07%
WIT	A	0.07%
GGB	C	0.05%
BCH	F	0.05%
ERJ	B	0.05%
ASAI	F	0.05%
KEP	B	0.04%
VIST	A	0.04%
SKM	D	0.04%
CSAN	F	0.03%
SBSW	D	0.03%
BRFS	D	0.03%
LPL	F	0.02%
IMOS	F	0.01%
IFS	B	0.01%
CAR	C	0.01%
AKO.A	F	0.01%
YY	C	0.01%

TLTE Underweight 30 Positions Relative to PGJ

Symbol	Grade	Weight
JD	D	-8.37%
NTES	D	-3.64%
ZTO	F	-3.39%
HTHT	D	-3.26%
BZ	F	-2.57%
QFIN	B	-2.33%
ZLAB	C	-0.77%
JKS	F	-0.48%
CSIQ	F	-0.45%
TIGR	D	-0.43%
DDL	C	-0.34%
VNET	B	-0.28%
QD	C	-0.27%
LX	C	-0.26%
SOHU	F	-0.25%
NOAH	D	-0.24%
GOTU	F	-0.23%
KC	A	-0.19%
RERE	B	-0.18%
HUYA	F	-0.17%
API	C	-0.15%
DAO	B	-0.11%
DOYU	C	-0.11%
TUYA	F	-0.11%
WDH	F	-0.1%
DADA	F	-0.09%
BZUN	F	-0.07%
CAAS	C	-0.07%
NIU	F	-0.06%
CBAT	F	-0.05%