TDI vs. FM ETF Comparison

Comparison of Touchstone Dynamic International ETF (TDI) to iShares MSCI Frontier 100 Fund (FM)

TDI

Touchstone Dynamic International ETF

TDI Description

TDI provides broad exposure to the global equity markets outside the US. The fund may include common and preferred stocks, depositary receipts, REITs, as well as other exchange-traded funds. To construct the portfolio, the funds sub-adviser employs the Dynamic Alpha Stock Selection Model, a proprietary quantitative model that seeks to construct a risk-controlled, forward-looking portfolio that adapts to changing market conditions. The model estimates returns based on each securitys risk characteristics through a three-step process that utilizes fundamental data and statistical tools. An optimization process is then used to identify the portfolio of around 100-140 securities with the highest expected return for an acceptable level of risk. The fund rebalances periodically. On December 11, 2023, TDI converted from a mutual fund to an actively managed ETF with $62 million in assets.

Grade (RS Rating)

Last Trade

$28.63

Average Daily Volume

2,342

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

FM

iShares MSCI Frontier 100 Fund

FM Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Frontier Markets 100 Index. The fund generally invests at least 80% of its assets in the securities of the underlying index and in depositary receipts representing securities in the underlying index. The underlying index is designed to measure equity market performance of a subset of frontier market countries that meet minimum liquidity standards. Frontier market countries are those emerging market countries that are considered to be among the smallest, least mature and least liquid. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.56

Average Daily Volume

124,719

Number of Holdings ^*

3

* may have additional holdings in another (foreign) market

Performance

Period	TDI	FM
30 Days	-0.66%	-3.87%
60 Days	0.00%	1.21%
90 Days	4.94%	4.75%
12 Months		14.41%

1 Overlapping Holdings

	Symbol	Grade	Weight in TDI	Weight in FM	Overlap
	BAP	D	1.83%	1.95%	1.83%

TDI Overweight 1 Positions Relative to FM

	Symbol	Grade	Weight
	NVO	D	3.51%

TDI Underweight 2 Positions Relative to FM

	Symbol	Grade	Weight
	SCCO	B	-2.15%
	BVN	A	-0.67%

TDI: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Biotechnology

Keywords: Acute Care Services Anti Diabetic Drugs Asset Management Products Bank Banking Biopharmaceutical Diabetes Diabetes Care Endocrine System Fund Management Services Glucagon Like Peptide 1 Growth Hormone Growth Hormone Therapy Haemophilia Hormone Therapy Hormones Inflammation Insulin Investment Bank Investment Banking

FM: Top Represented Industries & Keywords

Industries: Banks - Regional - Latin America Copper Industrial Metals & Minerals

Keywords: Copper Mining Acute Care Services Asset Management Products Bank Banking Coke Copper Extraction Electrical Transmission Fund Management Services Gold Investment Bank Investment Banking Lead Medical Products Metallurgical Processes Metallurgy Metals Molybdenum Pension Fund Management