DFSE vs. QLVE ETF Comparison

Comparison of Dimensional Emerging Markets Sustainability Core 1 ETF (DFSE) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE Description

The Portfolio is designed to purchase a broad and diverse group of securities associated with emerging markets. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the Emerging Markets Universe, while adjusting the composition of the Portfolio based on sustainability impact considerations.

Grade (RS Rating)

Last Trade

$33.57

Average Daily Volume

26,301

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in emerging market countries. Under normal circumstances, the fund will invest 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.66

Average Daily Volume

1,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFSE	QLVE
30 Days	-3.53%	-4.07%
60 Days	-1.92%	-3.07%
90 Days	-1.35%	-1.52%
12 Months	12.47%	14.89%

15 Overlapping Holdings

Symbol	Grade	Weight in DFSE	Weight in QLVE	Overlap
BABA	D	0.08%	2.53%	0.08%
BABA	D	1.33%	2.53%	1.33%
BAP	B	0.09%	1.02%	0.09%
BIDU	F	0.16%	0.04%	0.04%
BIDU	F	0.06%	0.04%	0.04%
HDB	C	0.22%	0.45%	0.22%
HDB	C	0.18%	0.45%	0.18%
IBN	C	0.14%	0.68%	0.14%
IBN	C	0.62%	0.68%	0.62%
NTES	D	0.16%	0.45%	0.16%
PDD	F	0.78%	0.71%	0.71%
SKM	D	0.01%	0.77%	0.01%
SKM	D	0.02%	0.77%	0.02%
TCOM	B	0.37%	0.02%	0.02%
TCOM	B	0.11%	0.02%	0.02%

DFSE Overweight 74 Positions Relative to QLVE

Symbol	Grade	Weight
INFY	B	0.51%
KB	B	0.25%
SHG	D	0.25%
VIPS	F	0.2%
XPEV	C	0.14%
ERJ	B	0.14%
GFI	D	0.14%
TME	D	0.13%
PAC	B	0.13%
WIT	A	0.12%
ASR	D	0.1%
LI	F	0.09%
BILI	D	0.09%
ITUB	F	0.07%
YUMC	C	0.07%
FMX	F	0.07%
ASAI	F	0.07%
SQM	F	0.06%
KB	B	0.06%
NIO	F	0.06%
UGP	F	0.05%
ABEV	F	0.05%
RDY	F	0.05%
KOF	F	0.05%
BGNE	D	0.05%
BBD	D	0.05%
SHG	D	0.04%
BGNE	D	0.04%
VIV	F	0.04%
CIB	B	0.04%
SBSW	D	0.04%
GGB	C	0.04%
BCH	F	0.04%
ASAI	F	0.03%
SGRP	D	0.03%
OMAB	D	0.03%
ASX	D	0.02%
BSAC	F	0.02%
AKO.A	F	0.02%
IQ	F	0.02%
ERJ	B	0.02%
WIT	A	0.02%
CIG	C	0.02%
SUZ	C	0.02%
WF	C	0.02%
EBR	F	0.01%
CCU	D	0.01%
BZ	F	0.01%
SHPH	F	0.01%
IFS	B	0.01%
BCH	F	0.01%
SLDB	F	0.01%
BSBR	F	0.01%
SBS	B	0.01%
TLK	D	0.01%
AKO.A	F	0.01%
ELP	F	0.01%
CSAN	F	0.01%
IAC	D	0.0%
CGA	D	0.0%
AVAL	C	0.0%
MGNX	F	0.0%
NIU	F	0.0%
KC	A	0.0%
JEWL	F	0.0%
ENIC	D	0.0%
GGB	C	0.0%
BAOS	F	0.0%
CSAN	F	0.0%
DRD	D	0.0%
ZTO	F	0.0%
SBSW	D	0.0%
PDSB	F	0.0%
BZUN	F	0.0%

DFSE Underweight 4 Positions Relative to QLVE

Symbol	Grade	Weight
CHT	D	-0.94%
KT	A	-0.52%
VALE	F	-0.17%
UMC	F	-0.16%