TLTD vs. SPEU ETF Comparison

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

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

SPEU

SPDR Portfolio Europe ETF

SPEU Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the STOXXÂ® Europe Total Market Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. The index is a free-float market capitalization weighted index designed to provide a broad representation of publicly traded Western European companies.

Grade (RS Rating)

Last Trade

$40.32

Average Daily Volume

116,742

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	SPEU
30 Days	-2.89%	-6.02%
60 Days	-4.79%	-7.76%
90 Days	-5.02%	-8.73%
12 Months	12.46%	9.08%

14 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in SPEU	Overlap
ABBV	F	0.25%	0.75%	0.25%
BCS	A	0.2%	0.4%	0.2%
DEO	F	0.18%	0.55%	0.18%
E	F	0.14%	0.28%	0.14%
ECO	F	0.02%	0.0%	0.0%
HSBH	B	0.68%	1.36%	0.68%
LOGI	D	0.04%	0.1%	0.04%
LYG	D	0.18%	0.36%	0.18%
NVS	F	0.58%	1.74%	0.58%
QGEN	D	0.03%	0.08%	0.03%
STLA	F	0.12%	0.24%	0.12%
TIGO	D	0.01%	0.02%	0.01%
TRMD	F	0.0%	0.01%	0.0%
UL	D	0.41%	1.2%	0.41%

TLTD Overweight 32 Positions Relative to SPEU

Symbol	Grade	Weight
TM	F	0.84%
MUFG	B	0.41%
TD	D	0.39%
SHOP	B	0.38%
SONY	B	0.32%
SMFG	B	0.27%
MFG	A	0.24%
CNI	F	0.17%
HMC	F	0.17%
WCN	A	0.14%
FLUT	A	0.12%
DOOO	F	0.12%
GOLD	C	0.08%
PDS	C	0.06%
RBA	A	0.05%
NMR	B	0.05%
BBUC	C	0.04%
CCEP	C	0.04%
AGCO	D	0.03%
TAC	A	0.03%
OTEX	F	0.03%
AEI	D	0.02%
LSPD	C	0.02%
WFG	C	0.02%
DNN	B	0.02%
FLNG	C	0.01%
ELBM	D	0.01%
MNTX	B	0.01%
GOGL	F	0.01%
ORLA	C	0.01%
MBAVU	C	0.01%
RENB	F	0.0%

TLTD Underweight 3 Positions Relative to SPEU

Symbol	Grade	Weight
MT	B	-0.09%
FRO	D	-0.02%
DBVT	F	-0.0%