AVDE vs. TLTD ETF Comparison

Comparison of Avantis International Equity ETF (AVDE) to FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)

AVDE

Avantis International Equity ETF

AVDE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of non-U.S. companies across countries, market sectors and industry groups. It may invest in companies of all market capitalizations. Under normal market conditions, the fund will invest at least 80% of its assets in equity securities. It also may invest in derivative instruments such as futures contracts, currency forwards, and swap agreements.

Grade (RS Rating)

Last Trade

$62.44

Average Daily Volume

277,784

Number of Holdings ^*

111

* may have additional holdings in another (foreign) market

TLTD

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund

TLTD Description

The investment seeks investment results that correspond generally to the price and yield performance of the MorningstarÂ® Developed Markets ex-US Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of 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 developed equities markets, excluding the U.S., with increased exposure to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$69.93

Average Daily Volume

22,244

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVDE	TLTD
30 Days	-4.17%	-2.61%
60 Days	-0.22%	0.98%
90 Days	-1.08%	0.25%
12 Months	10.21%	11.70%

37 Overlapping Holdings

Symbol	Grade	Weight in AVDE	Weight in TLTD	Overlap
ABBV	B	0.14%	0.25%	0.14%
AEI	B	0.01%	0.02%	0.01%
AGCO	F	0.12%	0.03%	0.03%
BCS	C	0.3%	0.16%	0.16%
BWLP	B	0.01%	0.01%	0.01%
CCEP	B	0.09%	0.04%	0.04%
CNI	D	0.27%	0.18%	0.18%
DEO	F	0.23%	0.19%	0.19%
DOOO	F	0.0%	0.16%	0.0%
E	C	0.15%	0.14%	0.14%
ELBM	F	0.0%	0.01%	0.0%
FLNG	C	0.01%	0.01%	0.01%
HAFN	C	0.01%	0.01%	0.01%
HMC	D	0.23%	0.21%	0.21%
IAG	D	0.03%	0.02%	0.02%
LOGI	B	0.14%	0.04%	0.04%
LYG	B	0.26%	0.18%	0.18%
MFG	A	0.16%	0.21%	0.16%
MUFG	C	0.32%	0.36%	0.32%
NVS	A	0.82%	0.62%	0.62%
ORLA	D	0.0%	0.01%	0.0%
OTEX	D	0.05%	0.03%	0.03%
PDS	C	0.01%	0.07%	0.01%
PRMW	C	0.01%	0.03%	0.01%
QGEN	D	0.03%	0.03%	0.03%
RBA	B	0.07%	0.04%	0.04%
RENB	C	0.0%	0.0%	0.0%
SHOP	C	0.09%	0.23%	0.09%
SMFG	A	0.28%	0.25%	0.25%
STLA	F	0.16%	0.17%	0.16%
TAC	D	0.01%	0.01%	0.01%
TD	F	0.25%	0.39%	0.25%
TIGO	B	0.01%	0.01%	0.01%
TM	D	0.66%	0.98%	0.66%
TRMD	B	0.02%	0.01%	0.01%
UL	B	0.29%	0.4%	0.29%
WFG	D	0.12%	0.02%	0.02%

AVDE Overweight 74 Positions Relative to TLTD

Symbol	Grade	Weight
NVO	A	1.88%
ASML	B	1.19%
TTE	C	0.7%
BP	C	0.61%
HSBC	B	0.6%
AZN	B	0.54%
BHP	D	0.52%
GSK	D	0.4%
STM	F	0.36%
ING	C	0.34%
RELX	B	0.32%
RIO	C	0.32%
SAN	C	0.29%
BBVA	C	0.29%
SAP	A	0.28%
SNY	B	0.23%
NGG	D	0.18%
ORAN	F	0.18%
AER	B	0.17%
IX	A	0.16%
VOD	B	0.15%
NWG	B	0.13%
MT	D	0.12%
HLN	C	0.11%
BUD	D	0.1%
EQNR	C	0.1%
TEF	D	0.1%
ZIM	B	0.08%
TAK	F	0.07%
ERIC	A	0.07%
NOK	C	0.07%
PHG	D	0.07%
CHKP	A	0.06%
SNN	D	0.06%
GMAB	F	0.06%
TEVA	B	0.05%
SE	B	0.04%
FSM	D	0.04%
GLNG	A	0.04%
ARGX	B	0.03%
ICLR	B	0.02%
XRX	F	0.02%
WPP	D	0.02%
BUR	F	0.02%
CUK	B	0.02%
WDS	C	0.02%
CSTM	D	0.01%
FMS	F	0.01%
TS	D	0.01%
INMD	F	0.01%
PSO	B	0.01%
FUTU	D	0.01%
WIX	B	0.01%
GLPG	F	0.01%
CYBR	B	0.01%
GRAB	D	0.01%
NICE	D	0.01%
CLLS	F	0.0%
IAUX	D	0.0%
IPHA	D	0.0%
UBCP	B	0.0%
CSTE	D	0.0%
PIXY	F	0.0%
TARO	B	0.0%
SMMF	B	0.0%
VGR	B	0.0%
ITRN	D	0.0%
KRNT	D	0.0%
MLCO	D	0.0%
NNDM	F	0.0%
MNDY	B	0.0%
SPNS	B	0.0%
TCI	D	0.0%
GLBE	B	0.0%

AVDE Underweight 11 Positions Relative to TLTD

Symbol	Grade	Weight
SONY	C	-0.28%
WCN	A	-0.13%
GOLD	D	-0.08%
FLUT	C	-0.08%
NMR	C	-0.05%
ECO	D	-0.03%
BBUC	D	-0.03%
LSPD	D	-0.02%
DNN	C	-0.02%
MNTX	F	-0.01%
GOGL	C	-0.01%