VSGX vs. TLTE ETF Comparison

Comparison of Vanguard ESG International Stock ETF (VSGX) to FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)

VSGX

Vanguard ESG International Stock ETF

VSGX Description

The investment seeks to track the performance of the FTSE Global All Cap ex US Choice Index. The fund invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. The index, which is market-capitalization weighted, is composed of large-, mid-, and small-cap stocks of companies in developed and emerging markets, excluding the United States, and is screened for certain environmental, social, and corporate governance (ESG) criteria by the index sponsor, which is independent of Vanguard.

Grade (RS Rating)

Last Trade

$57.93

Average Daily Volume

137,399

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$53.48

Average Daily Volume

4,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VSGX	TLTE
30 Days	-3.55%	-4.32%
60 Days	-3.87%	-1.63%
90 Days	-3.96%	-1.73%
12 Months	13.61%	11.46%

36 Overlapping Holdings

Symbol	Grade	Weight in VSGX	Weight in TLTE	Overlap
ASAI	F	0.03%	0.05%	0.03%
ATAT	C	0.01%	0.02%	0.01%
ATHM	C	0.01%	0.01%	0.01%
BABA	D	0.9%	1.98%	0.9%
BCH	C	0.02%	0.05%	0.02%
BEKE	D	0.05%	0.09%	0.05%
BEKE	D	0.05%	0.03%	0.03%
BGNE	D	0.05%	0.08%	0.05%
BILI	D	0.03%	0.03%	0.03%
BRFS	C	0.01%	0.03%	0.01%
CAR	C	0.01%	0.01%	0.01%
CHT	C	0.06%	0.11%	0.06%
DQ	F	0.0%	0.13%	0.0%
EH	D	0.0%	0.01%	0.0%
FINV	B	0.0%	0.11%	0.0%
GDS	C	0.01%	0.03%	0.01%
GGB	C	0.02%	0.05%	0.02%
HDB	C	0.46%	0.83%	0.46%
IBN	C	0.23%	0.57%	0.23%
IMOS	F	0.0%	0.01%	0.0%
KB	B	0.08%	0.26%	0.08%
LI	F	0.06%	0.1%	0.06%
LPL	D	0.01%	0.02%	0.01%
MOMO	D	0.0%	0.12%	0.0%
NIO	F	0.03%	0.05%	0.03%
PDD	F	0.38%	0.55%	0.38%
SHG	C	0.08%	0.2%	0.08%
TAL	F	0.02%	0.03%	0.02%
TCOM	B	0.13%	0.26%	0.13%
UMC	F	0.08%	0.18%	0.08%
VIPS	F	0.02%	0.05%	0.02%
WIT	B	0.04%	0.07%	0.04%
XPEV	C	0.03%	0.07%	0.03%
YMM	C	0.03%	0.04%	0.03%
YUMC	C	0.07%	0.13%	0.07%
YY	B	0.0%	0.01%	0.0%

VSGX Overweight 62 Positions Relative to TLTE

Symbol	Grade	Weight
NVS	F	0.94%
TM	F	0.85%
UL	D	0.64%
SONY	B	0.47%
MUFG	B	0.46%
TD	D	0.45%
SHOP	B	0.39%
SMFG	B	0.32%
CNI	F	0.26%
MFG	A	0.21%
LYG	D	0.2%
HMC	F	0.2%
BCS	A	0.18%
WCN	A	0.18%
STLA	F	0.11%
SW	A	0.1%
LOGI	D	0.06%
RBA	A	0.06%
NMR	B	0.06%
XRX	F	0.06%
OTEX	F	0.04%
QGEN	D	0.04%
WFG	C	0.03%
PRMW	C	0.02%
MBAVU	C	0.02%
BZ	F	0.02%
TRMD	F	0.01%
SQM	D	0.01%
GOGL	F	0.01%
DOOO	F	0.01%
HAFN	D	0.01%
LSPD	C	0.01%
LIF	C	0.01%
FRO	D	0.01%
JEWL	D	0.0%
BAOS	F	0.0%
GCBC	C	0.0%
CALX	D	0.0%
DAO	B	0.0%
SLDB	F	0.0%
VGR	B	0.0%
DADA	F	0.0%
CAN	C	0.0%
AUDC	D	0.0%
VMAR	F	0.0%
IONR	D	0.0%
AZUL	F	0.0%
CHGX	A	0.0%
SOHU	F	0.0%
RENB	F	0.0%
DDL	C	0.0%
SSBI	D	0.0%
VNET	B	0.0%
GOTU	F	0.0%
ELBM	D	0.0%
FLNG	C	0.0%
MNTX	B	0.0%
CSIQ	F	0.0%
CIB	B	0.0%
PIXY	F	0.0%
SPNS	F	0.0%
JKS	F	0.0%

VSGX Underweight 19 Positions Relative to TLTE

Symbol	Grade	Weight
VALE	F	-0.38%
BIDU	F	-0.26%
SGRP	D	-0.16%
BAP	A	-0.13%
WB	D	-0.1%
ABEV	F	-0.07%
ERJ	A	-0.05%
KEP	B	-0.04%
VIST	B	-0.04%
SKM	C	-0.04%
CSAN	F	-0.03%
SBSW	D	-0.03%
TME	D	-0.03%
MNSO	D	-0.02%
TME	D	-0.02%
IQ	F	-0.01%
RLX	C	-0.01%
IFS	A	-0.01%
AKO.A	F	-0.01%