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

$63.14

Average Daily Volume

264,924

Number of Holdings ^*

114

* 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

$70.30

Average Daily Volume

8,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVDE	TLTD
30 Days	-2.96%	-2.89%
60 Days	-4.49%	-4.79%
90 Days	-4.70%	-5.02%
12 Months	11.08%	12.46%

34 Overlapping Holdings

Symbol	Grade	Weight in AVDE	Weight in TLTD	Overlap
ABBV	F	0.12%	0.25%	0.12%
AEI	D	0.01%	0.02%	0.01%
AGCO	D	0.11%	0.03%	0.03%
BCS	A	0.37%	0.2%	0.2%
CCEP	C	0.09%	0.04%	0.04%
CNI	F	0.26%	0.17%	0.17%
DEO	F	0.21%	0.18%	0.18%
DOOO	F	0.02%	0.12%	0.02%
E	F	0.15%	0.14%	0.14%
ELBM	D	0.0%	0.01%	0.0%
FLNG	C	0.0%	0.01%	0.0%
HMC	F	0.19%	0.17%	0.17%
LOGI	D	0.11%	0.04%	0.04%
LSPD	C	0.0%	0.02%	0.0%
LYG	D	0.26%	0.18%	0.18%
MBAVU	C	0.01%	0.01%	0.01%
MFG	A	0.19%	0.24%	0.19%
MUFG	B	0.37%	0.41%	0.37%
NVS	F	0.8%	0.58%	0.58%
ORLA	C	0.0%	0.01%	0.0%
OTEX	F	0.03%	0.03%	0.03%
PDS	C	0.01%	0.06%	0.01%
QGEN	D	0.03%	0.03%	0.03%
RBA	A	0.08%	0.05%	0.05%
RENB	F	0.0%	0.0%	0.0%
SHOP	B	0.15%	0.38%	0.15%
SMFG	B	0.31%	0.27%	0.27%
STLA	F	0.1%	0.12%	0.1%
TAC	A	0.03%	0.03%	0.03%
TD	D	0.26%	0.39%	0.26%
TM	F	0.6%	0.84%	0.6%
TRMD	F	0.02%	0.0%	0.0%
UL	D	0.29%	0.41%	0.29%
WFG	C	0.16%	0.02%	0.02%

AVDE Overweight 80 Positions Relative to TLTD

Symbol	Grade	Weight
NVO	F	1.41%
TTE	F	0.61%
HSBC	A	0.6%
ASML	F	0.6%
BP	D	0.47%
BHP	F	0.47%
AZN	F	0.44%
GSK	F	0.35%
SAP	B	0.34%
RELX	D	0.32%
ING	F	0.31%
SNY	F	0.3%
RIO	D	0.29%
SAN	D	0.28%
BBVA	D	0.27%
STM	F	0.22%
ORAN	F	0.2%
NWG	A	0.18%
AER	A	0.18%
NGG	D	0.17%
IX	F	0.16%
VOD	F	0.15%
HLN	C	0.12%
MT	B	0.12%
BUD	F	0.12%
TEF	C	0.11%
ZIM	C	0.11%
SW	A	0.11%
PHG	C	0.11%
NOK	D	0.09%
ERIC	C	0.09%
EQNR	C	0.08%
CHKP	C	0.07%
TAK	D	0.07%
GMAB	F	0.06%
SNN	D	0.06%
TEVA	C	0.06%
SE	A	0.05%
CHRD	D	0.05%
ARGX	B	0.05%
GLNG	C	0.03%
CUK	A	0.03%
GRAB	A	0.02%
WPP	C	0.02%
WDS	D	0.02%
BUR	C	0.02%
PRMW	C	0.02%
XRX	F	0.02%
KRNT	B	0.01%
GLBE	B	0.01%
FMS	A	0.01%
ICLR	D	0.01%
TS	B	0.01%
GLPG	F	0.01%
PSO	B	0.01%
WIX	A	0.01%
CYBR	A	0.01%
FRO	D	0.01%
FUTU	D	0.01%
NICE	D	0.01%
CLLS	F	0.0%
IAUX	F	0.0%
IPHA	D	0.0%
UBCP	D	0.0%
CSTE	F	0.0%
QIPT	F	0.0%
GEN	B	0.0%
PIXY	F	0.0%
CLF	F	0.0%
SSBI	D	0.0%
VGR	B	0.0%
MLCO	F	0.0%
ITRN	B	0.0%
NNDM	D	0.0%
CSTM	F	0.0%
SPNS	F	0.0%
ASTL	B	0.0%
VMAR	F	0.0%
MNDY	C	0.0%
TCI	D	0.0%

AVDE Underweight 12 Positions Relative to TLTD

Symbol	Grade	Weight
HSBH	B	-0.68%
SONY	B	-0.32%
WCN	A	-0.14%
FLUT	A	-0.12%
GOLD	C	-0.08%
NMR	B	-0.05%
BBUC	C	-0.04%
ECO	F	-0.02%
DNN	B	-0.02%
MNTX	B	-0.01%
GOGL	F	-0.01%
TIGO	D	-0.01%