TLTE vs. SPEM ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF (SPEM)

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 Morningstar® 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 ^*

55

* may have additional holdings in another (foreign) market

SPEM

SPDR Index Shares Fund SPDR Portfolio Emerging Markets ETF

SPEM Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Emerging 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 emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.29

Average Daily Volume

1,700,335

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	SPEM
30 Days	-3.60%	-3.39%
60 Days	-2.31%	-0.38%
90 Days	-1.68%	1.24%
12 Months	11.52%	16.45%

45 Overlapping Holdings

	Symbol	Grade	Weight in TLTE	Weight in SPEM	Overlap
	ABEV	F	0.07%	0.12%	0.07%
	ASAI	F	0.05%	0.06%	0.05%
	ATHM	D	0.01%	0.02%	0.01%
	BABA	D	1.98%	1.92%	1.92%
	BAP	B	0.13%	0.16%	0.13%
	BCH	F	0.05%	0.02%	0.02%
	BEKE	D	0.09%	0.15%	0.09%
	BEKE	D	0.03%	0.15%	0.03%
	BGNE	D	0.08%	0.14%	0.08%
	BIDU	F	0.26%	0.27%	0.26%
	BILI	D	0.03%	0.06%	0.03%
	BRFS	D	0.03%	0.04%	0.03%
	CHT	D	0.11%	0.18%	0.11%
	CSAN	F	0.03%	0.03%	0.03%
	DQ	F	0.13%	0.02%	0.02%
	EH	F	0.01%	0.01%	0.01%
	ERJ	B	0.05%	0.13%	0.05%
	FINV	B	0.11%	0.0%	0.0%
	GDS	C	0.03%	0.03%	0.03%
	GGB	C	0.05%	0.08%	0.05%
	HDB	C	0.83%	1.23%	0.83%
	IBN	C	0.57%	0.92%	0.57%
	IQ	F	0.01%	0.01%	0.01%
	LI	F	0.1%	0.14%	0.1%
	MNSO	F	0.02%	0.02%	0.02%
	MOMO	D	0.12%	0.01%	0.01%
	NIO	F	0.05%	0.07%	0.05%
	PDD	F	0.55%	0.81%	0.55%
	RLX	C	0.01%	0.01%	0.01%
	SBSW	D	0.03%	0.03%	0.03%
	TAL	F	0.03%	0.05%	0.03%
	TCOM	B	0.26%	0.33%	0.26%
	TME	D	0.03%	0.06%	0.03%
	TME	D	0.02%	0.06%	0.02%
	UMC	F	0.18%	0.22%	0.18%
	VALE	F	0.38%	0.02%	0.02%
	VALE	F	0.38%	0.39%	0.38%
	VIPS	F	0.05%	0.05%	0.05%
	VIST	A	0.04%	0.04%	0.04%
	WB	D	0.1%	0.0%	0.0%
	WIT	A	0.07%	0.17%	0.07%
	XPEV	C	0.07%	0.08%	0.07%
	YMM	C	0.04%	0.06%	0.04%
	YUMC	C	0.13%	0.22%	0.13%
	YY	C	0.01%	0.02%	0.01%

TLTE Overweight 11 Positions Relative to SPEM

	Symbol	Grade	Weight
	KB	B	0.26%
	SHG	D	0.2%
	SGRP	D	0.16%
	KEP	B	0.04%
	SKM	D	0.04%
	ATAT	C	0.02%
	LPL	F	0.02%
	IMOS	F	0.01%
	IFS	B	0.01%
	CAR	C	0.01%
	AKO.A	F	0.01%

TLTE Underweight 59 Positions Relative to SPEM

	Symbol	Grade	Weight
	INFY	B	-0.88%
	NU	C	-0.49%
	ITUB	F	-0.37%
	PBR	C	-0.28%
	RDY	F	-0.16%
	BBD	D	-0.16%
	ZTO	F	-0.11%
	SCCO	F	-0.11%
	CIG	C	-0.1%
	EBR	F	-0.08%
	BVN	F	-0.06%
	MMYT	B	-0.06%
	ENIC	D	-0.05%
	QFIN	B	-0.04%
	SUZ	C	-0.04%
	CIB	B	-0.04%
	BZ	F	-0.04%
	STNE	F	-0.03%
	LEGN	F	-0.03%
	SBLK	F	-0.02%
	HEPS	C	-0.02%
	PAGS	F	-0.02%
	SIMO	D	-0.02%
	SID	F	-0.02%
	DDL	C	-0.01%
	DAC	B	-0.01%
	GOTU	F	-0.01%
	TIGR	D	-0.01%
	TEN	F	-0.01%
	HIMX	F	-0.01%
	BLTE	C	-0.01%
	BWMX	D	-0.01%
	SB	F	-0.01%
	VTEX	D	-0.01%
	JKS	F	-0.01%
	BAK	F	-0.01%
	GPI	A	-0.0%
	VSTA	F	-0.0%
	IH	F	-0.0%
	NIU	F	-0.0%
	TUYA	F	-0.0%
	DADA	F	-0.0%
	DOYU	C	-0.0%
	HUYA	F	-0.0%
	DSX	F	-0.0%
	BTBT	C	-0.0%
	SOHU	F	-0.0%
	CBAT	F	-0.0%
	CAN	C	-0.0%
	CINT	D	-0.0%
	NEXA	C	-0.0%
	NOAH	D	-0.0%
	LX	C	-0.0%
	API	C	-0.0%
	AFYA	D	-0.0%
	VNET	B	-0.0%
	YALA	D	-0.0%
	RERE	B	-0.0%
	RNW	D	-0.0%

TLTE: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Asia Specialty Retail Auto Manufacturers Banks - Regional - Latin America Aerospace & Defense Semiconductors Telecom Services Beverages - Brewers Beverages - Non-Alcoholic Biotechnology Business Services Consumer Electronics Credit Services Data Storage Education & Training Services Gold Grocery Stores Industrial Metals & Minerals Information Technology Services

Keywords: Bank Banking Investment Banking Transport Advertising Services Currency Games Investment Banking Services Collection Services Commercial Banking Electric Vehicle Electronics Financial Products Nasdaq 100 Online Game Retail Banking Retailing Securitization Social Networking Services Account Management

SPEM: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Latin America Education & Training Services Shipping & Ports Software - Application Specialty Retail Auto Manufacturers Credit Services Biotechnology Industrial Metals & Minerals Information Technology Services Internet Retail Semiconductors Software - Infrastructure Aerospace & Defense Banks - Regional - Asia Grocery Stores Leisure Steel Utilities - Regulated Electric

Keywords: Bank Banking Cloud Computing Games Computing Investment Banking Transport Currency Investment Product Online Game Concurrent Computing E Commerce E-Commerce Electric Vehicle Financial Products Fintech Mining Mobile Devices Payment Systems Advertising Services