TDI vs. IQDF ETF Comparison

Comparison of Touchstone Dynamic International ETF (TDI) to FlexShares International Quality Dividend Index Fund (IQDF)

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

$29.83

Average Daily Volume

2,040

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

$25.46

Average Daily Volume

31,913

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TDI	IQDF
30 Days	-3.49%	-3.78%
60 Days	-1.03%	-0.96%
90 Days	0.91%	1.66%
12 Months		28.51%

3 Overlapping Holdings

Symbol	Grade	Weight in TDI	Weight in IQDF	Overlap
HSBH	A	0.41%	0.51%	0.41%
MUFG	C	1.04%	0.47%	0.47%
NVS	D	2.28%	1.98%	1.98%

TDI Overweight 6 Positions Relative to IQDF

Symbol	Grade	Weight
SE	B	2.01%
GOLD	C	1.58%
BAP	B	1.39%
XRX	F	1.3%
PDD	C	0.88%
SCCO	B	0.76%

TDI Underweight 9 Positions Relative to IQDF

Symbol	Grade	Weight
BCS	B	-0.45%
SMFG	D	-0.34%
BABA	B	-0.31%
STLA	F	-0.26%
UMC	F	-0.25%
AGCO	C	-0.21%
VALE	D	-0.21%
UL	D	-0.08%
CNI	F	-0.03%