TLTD vs. AVSD ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to Avantis Responsible International Equity ETF (AVSD)

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

$70.30

Average Daily Volume

8,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AVSD

Avantis Responsible International Equity ETF

AVSD Description

Avantis Responsible International Equity ETF is an exchange traded fund launched and managed by American Century Investment Management Inc. The fund invests in public equity markets of global ex-US region. The fund invests in stocks of companies operating across diversified sectors. It invests in value stocks of small-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund does not invest in stocks of companies operating across oil and gas production or distribution; manufacture or sale of civilian firearms and ammunition; manufacture of chemical, biological, or nuclear weapons and related systems or components; factory farming; palm oil production; production or sale of tobacco or cannabis; gambling; or adult entertainment, carbon emissions intensity and thermal coal sectors. The fund employs proprietary research to create its portfolio. Avantis Responsible International Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$57.06

Average Daily Volume

4,389

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	AVSD
30 Days	-2.89%	-2.84%
60 Days	-4.79%	-4.44%
90 Days	-5.02%	-4.13%
12 Months	12.46%	15.71%

25 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in AVSD	Overlap
ABBV	F	0.25%	0.16%	0.16%
AEI	D	0.02%	0.02%	0.02%
BCS	A	0.2%	0.5%	0.2%
CCEP	C	0.04%	0.05%	0.04%
CNI	F	0.17%	0.18%	0.17%
DEO	F	0.18%	0.32%	0.18%
DOOO	F	0.12%	0.03%	0.03%
HMC	F	0.17%	0.24%	0.17%
LOGI	D	0.04%	0.09%	0.04%
LSPD	C	0.02%	0.01%	0.01%
LYG	D	0.18%	0.37%	0.18%
MBAVU	C	0.01%	0.01%	0.01%
MFG	A	0.24%	0.23%	0.23%
MNTX	B	0.01%	0.01%	0.01%
MUFG	B	0.41%	0.42%	0.41%
NVS	F	0.58%	0.86%	0.58%
OTEX	F	0.03%	0.07%	0.03%
QGEN	D	0.03%	0.03%	0.03%
RBA	A	0.05%	0.05%	0.05%
SMFG	B	0.27%	0.37%	0.27%
STLA	F	0.12%	0.13%	0.12%
TD	D	0.39%	0.36%	0.36%
TM	F	0.84%	0.5%	0.5%
UL	D	0.41%	0.34%	0.34%
WFG	C	0.02%	0.09%	0.02%

TLTD Overweight 21 Positions Relative to AVSD

Symbol	Grade	Weight
HSBH	B	0.68%
SHOP	B	0.38%
SONY	B	0.32%
WCN	A	0.14%
E	F	0.14%
FLUT	A	0.12%
GOLD	C	0.08%
PDS	C	0.06%
NMR	B	0.05%
BBUC	C	0.04%
AGCO	D	0.03%
TAC	A	0.03%
ECO	F	0.02%
DNN	B	0.02%
FLNG	C	0.01%
ELBM	D	0.01%
GOGL	F	0.01%
ORLA	C	0.01%
TIGO	D	0.01%
RENB	F	0.0%
TRMD	F	0.0%

TLTD Underweight 58 Positions Relative to AVSD

Symbol	Grade	Weight
NVO	F	-1.33%
HSBC	A	-0.89%
ASML	F	-0.73%
AZN	F	-0.6%
SAP	B	-0.43%
GSK	F	-0.41%
ING	F	-0.39%
SNY	F	-0.34%
BBVA	D	-0.33%
RELX	D	-0.3%
STM	F	-0.29%
SAN	D	-0.28%
ORAN	F	-0.27%
NWG	A	-0.24%
AER	A	-0.22%
ERIC	C	-0.17%
VOD	F	-0.16%
PHG	C	-0.16%
SW	A	-0.15%
BUD	F	-0.13%
TEF	C	-0.12%
HLN	C	-0.11%
SE	A	-0.1%
TEAM	A	-0.1%
XRX	F	-0.08%
TAK	D	-0.08%
SPOT	B	-0.07%
TEVA	C	-0.07%
ARGX	B	-0.07%
SNN	D	-0.07%
CHKP	C	-0.07%
GLNG	C	-0.07%
PSO	B	-0.06%
NOK	D	-0.05%
ZIM	C	-0.05%
FMS	A	-0.04%
GMAB	F	-0.04%
NICE	D	-0.03%
CSTM	F	-0.03%
WPP	C	-0.03%
CYBR	A	-0.02%
GLBE	B	-0.02%
GLPG	F	-0.02%
GRAB	A	-0.02%
WIX	A	-0.02%
SSBI	D	-0.01%
PIXY	F	-0.01%
NNDM	D	-0.01%
SPNS	F	-0.01%
ICLR	D	-0.01%
GEN	B	-0.0%
DBVT	F	-0.0%
NAK	B	-0.0%
VGR	B	-0.0%
CRNT	B	-0.0%
FUTU	D	-0.0%
MGIC	D	-0.0%
ITRN	B	-0.0%