TLTD vs. DBAW ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

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

$70.47

Average Daily Volume

8,895

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.37

Average Daily Volume

12,784

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	DBAW
30 Days	-1.31%	-1.17%
60 Days	-4.89%	0.94%
90 Days	-4.70%	1.58%
12 Months	12.83%	18.22%

29 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in DBAW	Overlap
ABBV	D	0.25%	0.31%	0.25%
AGCO	D	0.03%	0.02%	0.02%
BCS	C	0.2%	0.17%	0.17%
CCEP	C	0.04%	0.05%	0.04%
CNI	D	0.17%	0.2%	0.17%
DEO	F	0.18%	0.23%	0.18%
DOOO	F	0.12%	0.01%	0.01%
E	F	0.14%	0.12%	0.12%
GOLD	D	0.08%	0.1%	0.08%
HMC	F	0.17%	0.14%	0.14%
HSBH	B	0.68%	0.58%	0.58%
LOGI	D	0.04%	0.04%	0.04%
LYG	F	0.18%	0.15%	0.15%
MBAVU	D	0.01%	0.01%	0.01%
MFG	B	0.24%	0.21%	0.21%
MUFG	B	0.41%	0.46%	0.41%
NMR	B	0.05%	0.06%	0.05%
NVS	D	0.58%	0.71%	0.58%
OTEX	D	0.03%	0.03%	0.03%
QGEN	D	0.03%	0.03%	0.03%
RBA	A	0.05%	0.06%	0.05%
SHOP	B	0.38%	0.46%	0.38%
SMFG	B	0.27%	0.31%	0.27%
SONY	B	0.32%	0.41%	0.32%
STLA	F	0.12%	0.1%	0.1%
TD	F	0.39%	0.34%	0.34%
TM	D	0.84%	0.62%	0.62%
UL	D	0.41%	0.5%	0.41%
WFG	D	0.02%	0.02%	0.02%

TLTD Overweight 17 Positions Relative to DBAW

Symbol	Grade	Weight
WCN	A	0.14%
FLUT	A	0.12%
PDS	C	0.06%
BBUC	B	0.04%
TAC	B	0.03%
AEI	D	0.02%
ECO	F	0.02%
LSPD	C	0.02%
DNN	B	0.02%
FLNG	B	0.01%
ELBM	F	0.01%
MNTX	C	0.01%
GOGL	F	0.01%
ORLA	C	0.01%
TIGO	D	0.01%
RENB	F	0.0%
TRMD	F	0.0%

TLTD Underweight 57 Positions Relative to DBAW

Symbol	Grade	Weight
BABA	D	-0.59%
HDB	C	-0.29%
PDD	F	-0.27%
IBN	C	-0.26%
NU	C	-0.14%
SE	B	-0.13%
VALE	F	-0.11%
TCOM	B	-0.11%
KB	B	-0.09%
BIDU	F	-0.09%
AER	B	-0.07%
YUMC	C	-0.07%
UMC	F	-0.06%
SHG	D	-0.06%
TEVA	D	-0.06%
CYBR	B	-0.05%
LI	F	-0.05%
CHT	D	-0.05%
CHKP	D	-0.05%
XRX	F	-0.05%
BEKE	D	-0.04%
BAP	B	-0.04%
WIT	A	-0.03%
XPEV	C	-0.03%
HTHT	D	-0.03%
TME	D	-0.03%
SCCO	F	-0.03%
WIX	B	-0.03%
GRAB	B	-0.03%
BGNE	D	-0.03%
MNDY	C	-0.03%
ABEV	F	-0.03%
KEP	B	-0.02%
FUTU	D	-0.02%
GGB	C	-0.02%
VIPS	F	-0.02%
BCH	F	-0.02%
XP	F	-0.02%
NIO	F	-0.02%
ERJ	B	-0.02%
ASAI	F	-0.02%
ATHM	D	-0.01%
CSAN	F	-0.01%
STNE	F	-0.01%
LPL	F	-0.01%
BVN	F	-0.01%
SBSW	D	-0.01%
BRFS	D	-0.01%
QFIN	B	-0.01%
LEGN	F	-0.01%
TAL	F	-0.01%
BZ	F	-0.01%
BILI	D	-0.01%
GLBE	B	-0.01%
IQ	F	-0.0%
PAGS	F	-0.0%
SKM	D	-0.0%