SPDW vs. TLTD ETF Comparison

Comparison of SPDR Portfolio World ex-US ETF (SPDW) to FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)

SPDW

SPDR Portfolio World ex-US ETF

SPDW Description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S.BMI Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in developed countries outside the United States. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$35.11

Average Daily Volume

3,066,232

Number of Holdings ^*

113

* 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	SPDW	TLTD
30 Days	-1.54%	-2.61%
60 Days	1.83%	0.98%
90 Days	0.74%	0.25%
12 Months	10.98%	11.70%

36 Overlapping Holdings

Symbol	Grade	Weight in SPDW	Weight in TLTD	Overlap
ABBV	B	0.38%	0.25%	0.25%
AEI	B	0.02%	0.02%	0.02%
AGCO	F	0.03%	0.03%	0.03%
BCS	C	0.16%	0.16%	0.16%
CCEP	B	0.07%	0.04%	0.04%
CNI	D	0.32%	0.18%	0.18%
DEO	F	0.29%	0.19%	0.19%
DNN	C	0.0%	0.02%	0.0%
E	C	0.15%	0.14%	0.14%
ELBM	F	0.0%	0.01%	0.0%
FLUT	C	0.02%	0.08%	0.02%
HMC	D	0.23%	0.21%	0.21%
IAG	D	0.01%	0.02%	0.01%
LOGI	B	0.07%	0.04%	0.04%
LSPD	D	0.01%	0.02%	0.01%
LYG	B	0.21%	0.18%	0.18%
MFG	A	0.21%	0.21%	0.21%
MNTX	F	0.0%	0.01%	0.0%
MUFG	C	0.54%	0.36%	0.36%
NMR	C	0.08%	0.05%	0.05%
NVS	A	0.88%	0.62%	0.62%
OTEX	D	0.03%	0.03%	0.03%
PDS	C	0.0%	0.07%	0.0%
QGEN	D	0.04%	0.03%	0.03%
RENB	C	0.0%	0.0%	0.0%
SHOP	C	0.34%	0.23%	0.23%
SMFG	A	0.36%	0.25%	0.25%
SONY	C	0.45%	0.28%	0.28%
STLA	F	0.18%	0.17%	0.17%
TAC	D	0.01%	0.01%	0.01%
TD	F	0.42%	0.39%	0.39%
TIGO	B	0.01%	0.01%	0.01%
TM	D	1.0%	0.98%	0.98%
UL	B	0.6%	0.4%	0.4%
WCN	A	0.19%	0.13%	0.13%
WFG	D	0.02%	0.02%	0.02%

SPDW Overweight 77 Positions Relative to TLTD

Symbol	Grade	Weight
SPOT	B	0.18%
SE	B	0.12%
ICLR	B	0.11%
KB	B	0.11%
PKX	F	0.1%
CHKP	A	0.09%
CPNG	C	0.09%
CYBR	B	0.07%
ARM	B	0.07%
SHG	B	0.07%
TEVA	B	0.07%
FLEX	C	0.06%
MT	D	0.05%
XRX	F	0.05%
GRAB	D	0.04%
GSL	B	0.04%
ONON	B	0.04%
BNTX	F	0.03%
MRUS	B	0.03%
GLOB	C	0.03%
AER	B	0.03%
WIX	B	0.03%
MNDY	B	0.03%
FUTU	D	0.02%
XENE	D	0.02%
ASND	C	0.02%
KEP	F	0.02%
GLNG	A	0.02%
JMIA	B	0.01%
CSTM	D	0.01%
GRFS	F	0.01%
MLCO	D	0.01%
NAT	B	0.01%
IMCR	D	0.01%
GLBE	B	0.01%
DAVA	D	0.01%
AY	B	0.01%
LPL	C	0.01%
URGN	B	0.01%
NOMD	D	0.01%
IGT	D	0.01%
KRNT	D	0.01%
LPL	C	0.01%
ZIM	B	0.01%
MNMD	D	0.0%
MTLS	F	0.0%
MAXN	F	0.0%
HL	D	0.0%
ORMP	B	0.0%
CVAC	F	0.0%
GRVY	B	0.0%
FREY	F	0.0%
AMRN	F	0.0%
CALX	C	0.0%
LILM	F	0.0%
EU	D	0.0%
ADAP	D	0.0%
TMC	D	0.0%
NNOX	F	0.0%
NNDM	F	0.0%
NBTX	D	0.0%
CHGX	A	0.0%
SNDL	C	0.0%
GSM	C	0.0%
ABCL	F	0.0%
INVZ	F	0.0%
AUPH	C	0.0%
RDWR	C	0.0%
SSYS	F	0.0%
PIXY	F	0.0%
TLRY	D	0.0%
SPNS	B	0.0%
INMD	F	0.0%
IMTX	B	0.0%
FVRR	F	0.0%
HCM	D	0.0%
CSIQ	F	0.0%

SPDW Underweight 12 Positions Relative to TLTD

Symbol	Grade	Weight
DOOO	F	-0.16%
GOLD	D	-0.08%
RBA	B	-0.04%
ECO	D	-0.03%
BBUC	D	-0.03%
PRMW	C	-0.03%
FLNG	C	-0.01%
ORLA	D	-0.01%
TRMD	B	-0.01%
BWLP	B	-0.01%
HAFN	C	-0.01%
GOGL	C	-0.01%