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 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

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

$38.42

Average Daily Volume

1,285,077

Number of Holdings ^*

120

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	SPEM
30 Days	3.23%	3.68%
60 Days	2.95%	3.24%
90 Days	5.51%	6.66%
12 Months	16.86%	16.53%

46 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in SPEM	Overlap
ABEV	F	0.06%	0.12%	0.06%
ASAI	D	0.05%	0.06%	0.05%
ATHM	D	0.01%	0.02%	0.01%
BABA	D	1.63%	1.59%	1.59%
BAP	C	0.11%	0.15%	0.11%
BCH	C	0.05%	0.02%	0.02%
BEKE	C	0.02%	0.11%	0.02%
BEKE	C	0.06%	0.11%	0.06%
BGNE	F	0.06%	0.1%	0.06%
BIDU	F	0.26%	0.29%	0.26%
BILI	C	0.02%	0.04%	0.02%
BRFS	A	0.03%	0.04%	0.03%
CHT	D	0.11%	0.2%	0.11%
CSAN	D	0.03%	0.04%	0.03%
CSAN	D	0.03%	0.01%	0.01%
DQ	F	0.09%	0.01%	0.01%
EH	D	0.01%	0.01%	0.01%
ERJ	D	0.04%	0.1%	0.04%
FINV	C	0.09%	0.0%	0.0%
GDS	B	0.01%	0.01%	0.01%
GGB	F	0.05%	0.08%	0.05%
HDB	C	0.86%	1.32%	0.86%
IBN	A	0.54%	0.94%	0.54%
IQ	D	0.01%	0.02%	0.01%
LI	F	0.07%	0.12%	0.07%
MNSO	F	0.02%	0.02%	0.02%
MOMO	B	0.11%	0.01%	0.01%
NIO	F	0.04%	0.07%	0.04%
PDD	D	0.66%	0.99%	0.66%
RLX	F	0.01%	0.02%	0.01%
SBSW	D	0.03%	0.04%	0.03%
TAL	D	0.03%	0.06%	0.03%
TCOM	C	0.19%	0.27%	0.19%
TME	B	0.05%	0.09%	0.05%
TME	B	0.03%	0.09%	0.03%
UMC	B	0.21%	0.29%	0.21%
VALE	D	0.43%	0.47%	0.43%
VALE	D	0.43%	0.02%	0.02%
VIPS	F	0.05%	0.05%	0.05%
VIST	B	0.04%	0.03%	0.03%
WB	D	0.09%	0.0%	0.0%
WIT	A	0.07%	0.16%	0.07%
XPEV	F	0.03%	0.05%	0.03%
YMM	D	0.04%	0.06%	0.04%
YUMC	F	0.08%	0.15%	0.08%
YY	C	0.01%	0.02%	0.01%

TLTE Overweight 12 Positions Relative to SPEM

Symbol	Grade	Weight
KB	A	0.24%
SHG	A	0.18%
SGRP	B	0.15%
SKM	D	0.04%
LPL	B	0.03%
KEP	D	0.03%
IMOS	C	0.01%
IFS	C	0.01%
CAR	F	0.01%
HOLI	B	0.01%
AKO.A	C	0.01%
ATAT	B	0.01%

TLTE Underweight 76 Positions Relative to SPEM

Symbol	Grade	Weight
INFY	B	-0.78%
ITUB	D	-0.39%
NU	B	-0.35%
PBR	D	-0.31%
BBD	D	-0.17%
RDY	A	-0.17%
SCCO	C	-0.12%
ZTO	F	-0.11%
CIG	C	-0.1%
EBR	D	-0.09%
BVN	C	-0.08%
PAC	D	-0.07%
XP	F	-0.06%
BZ	D	-0.06%
MMYT	B	-0.05%
ENIC	C	-0.05%
SUZ	C	-0.04%
CIB	C	-0.04%
PAGS	C	-0.03%
SIMO	B	-0.03%
SID	D	-0.03%
LEGN	C	-0.03%
STNE	D	-0.03%
BAK	D	-0.02%
SBLK	D	-0.02%
GRIN	B	-0.02%
QFIN	D	-0.02%
TIGR	B	-0.01%
RNW	D	-0.01%
DAC	C	-0.01%
BWMX	F	-0.01%
VTEX	B	-0.01%
TNP	B	-0.01%
JKS	D	-0.01%
GOTU	D	-0.01%
HEPS	A	-0.01%
HIMX	C	-0.01%
SB	C	-0.01%
YNDX	C	-0.0%
GPI	D	-0.0%
IDEX	F	-0.0%
CNTB	D	-0.0%
CMCO	F	-0.0%
ZENV	D	-0.0%
VSTA	D	-0.0%
NIU	F	-0.0%
IH	F	-0.0%
SOL	F	-0.0%
YI	F	-0.0%
IMAB	F	-0.0%
DADA	F	-0.0%
TUYA	F	-0.0%
TROO	B	-0.0%
DOYU	B	-0.0%
DAO	C	-0.0%
BTBT	B	-0.0%
NEGG	C	-0.0%
FANH	F	-0.0%
CAN	D	-0.0%
LX	F	-0.0%
API	D	-0.0%
HUYA	C	-0.0%
CINT	B	-0.0%
XNET	C	-0.0%
DSX	D	-0.0%
VNET	C	-0.0%
SOHU	A	-0.0%
NOAH	D	-0.0%
NEXA	B	-0.0%
DDL	C	-0.0%
CBAT	D	-0.0%
AFYA	F	-0.0%
YALA	F	-0.0%
RERE	C	-0.0%
BLTE	C	-0.0%
GRIN	B	-0.0%