AVSE vs. IQDF ETF Comparison

Comparison of Avantis Responsible Emerging Markets Equity ETF (AVSE) to FlexShares International Quality Dividend Index Fund (IQDF)

AVSE

Avantis Responsible Emerging Markets Equity ETF

AVSE Description

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of companies related to emerging markets across market sectors, industry groups and countries. The fund may invest in companies of all market capitalizations. The portfolio management team limits its investable universe of companies by screening out those that raise concerns based on the team?s evaluation of multiple ESG metrics.

Grade (RS Rating)

Last Trade

$52.24

Average Daily Volume

3,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IQDF

FlexShares International Quality Dividend Index Fund

IQDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend 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 its underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall volatility.

Grade (RS Rating)

Last Trade

$24.50

Average Daily Volume

40,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AVSE	IQDF
30 Days	-3.83%	-3.56%
60 Days	-2.16%	-4.31%
90 Days	-1.62%	-4.47%
12 Months	15.24%	15.13%

2 Overlapping Holdings

	Symbol	Grade	Weight in AVSE	Weight in IQDF	Overlap
	BABA	D	1.8%	0.3%	0.3%
	UMC	F	0.24%	0.23%	0.23%

AVSE Overweight 87 Positions Relative to IQDF

Symbol	Grade	Weight
TSM	B	5.9%
INFY	B	0.76%
PDD	F	0.71%
HDB	C	0.56%
NTES	D	0.51%
KB	B	0.48%
IBN	C	0.48%
YUMC	C	0.41%
SHG	D	0.38%
ITUB	F	0.34%
LI	F	0.29%
CPNG	D	0.28%
TCOM	B	0.27%
HTHT	D	0.25%
VIPS	F	0.23%
ASX	D	0.22%
ZTO	F	0.2%
BAP	B	0.18%
BEKE	D	0.17%
GFI	D	0.17%
BBD	D	0.16%
PAC	B	0.16%
SUZ	C	0.14%
TLK	D	0.13%
STNE	F	0.13%
CIG	C	0.12%
SBS	B	0.11%
FMX	F	0.1%
QFIN	B	0.09%
LPL	F	0.09%
OMAB	D	0.09%
RDY	F	0.09%
EBR	F	0.08%
ABEV	F	0.08%
ASAI	F	0.08%
TME	D	0.08%
CAR	C	0.08%
BCH	F	0.08%
WIT	A	0.07%
SBSW	D	0.07%
SKM	D	0.07%
ASR	D	0.07%
VIV	F	0.06%
ATHM	D	0.06%
TKC	C	0.06%
CHT	D	0.06%
MNSO	F	0.06%
IQ	F	0.06%
KT	A	0.05%
BGNE	D	0.05%
SCCO	F	0.05%
BIDU	F	0.05%
TV	F	0.05%
CIB	B	0.04%
SGRP	D	0.04%
PAGS	F	0.04%
ASAI	F	0.04%
IFS	B	0.04%
MOMO	D	0.04%
AKO.A	F	0.04%
BSAC	F	0.04%
ELP	F	0.04%
YY	C	0.04%
LX	C	0.03%
NOAH	D	0.03%
SOHU	F	0.03%
IMOS	F	0.03%
PHI	D	0.03%
SQM	F	0.03%
BGNE	D	0.03%
VNET	B	0.02%
BSBR	F	0.02%
CCU	D	0.02%
NIO	F	0.02%
WB	D	0.02%
PDSB	F	0.01%
XPEV	C	0.01%
BZ	F	0.01%
NIU	F	0.0%
DAO	B	0.0%
TIGR	D	0.0%
BILI	D	0.0%
TUYA	F	0.0%
CANG	B	0.0%
API	C	0.0%
TAL	F	0.0%
CAAS	C	0.0%

AVSE Underweight 10 Positions Relative to IQDF

Symbol	Grade	Weight
NVS	D	-1.89%
MUFG	B	-0.54%
HSBH	B	-0.54%
BCS	C	-0.48%
SMFG	B	-0.4%
STLA	F	-0.27%
AGCO	D	-0.21%
VALE	F	-0.2%
UL	D	-0.08%
CNI	D	-0.03%