TLTD vs. VEA ETF Comparison

Comparison of FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD) to Vanguard FTSE Developed Markets ETF (VEA)

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

VEA

Vanguard FTSE Developed Markets ETF

VEA Description

The investment seeks to provide a tax-efficient investment return consisting of long-term capital appreciation. The fund purchases stocks included in the FTSE Developed ex North America Index, which includes approximately 1,385 common stocks of companies located in developed countries of Europe, Australia, Asia, and the Far East. It uses statistical methods to "sample" the index, aiming to closely track its investment performance while limiting investments in Index securities that have undesirable tax characteristics in an attempt to minimize taxable income distributions.

Grade (RS Rating)

Last Trade

$49.50

Average Daily Volume

8,998,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	VEA
30 Days	-1.31%	-1.96%
60 Days	-4.89%	-5.10%
90 Days	-4.70%	-5.18%
12 Months	12.83%	11.93%

39 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in VEA	Overlap
ABBV	D	0.25%	0.38%	0.25%
AEI	D	0.02%	0.02%	0.02%
AGCO	D	0.03%	0.02%	0.02%
BCS	C	0.2%	0.19%	0.19%
CNI	D	0.17%	0.26%	0.17%
DEO	F	0.18%	0.3%	0.18%
DOOO	F	0.12%	0.01%	0.01%
E	F	0.14%	0.15%	0.14%
ELBM	F	0.01%	0.0%	0.0%
FLNG	B	0.01%	0.0%	0.0%
FLUT	A	0.12%	0.18%	0.12%
GOGL	F	0.01%	0.01%	0.01%
GOLD	D	0.08%	0.15%	0.08%
HMC	F	0.17%	0.21%	0.17%
HSBH	B	0.68%	0.73%	0.68%
LOGI	D	0.04%	0.05%	0.04%
LSPD	C	0.02%	0.01%	0.01%
LYG	F	0.18%	0.18%	0.18%
MBAVU	D	0.01%	0.02%	0.01%
MFG	B	0.24%	0.23%	0.23%
MNTX	C	0.01%	0.0%	0.0%
MUFG	B	0.41%	0.52%	0.41%
NMR	B	0.05%	0.06%	0.05%
NVS	D	0.58%	0.96%	0.58%
OTEX	D	0.03%	0.03%	0.03%
QGEN	D	0.03%	0.04%	0.03%
RBA	A	0.05%	0.07%	0.05%
RENB	F	0.0%	0.0%	0.0%
SHOP	B	0.38%	0.41%	0.38%
SMFG	B	0.27%	0.34%	0.27%
SONY	B	0.32%	0.46%	0.32%
STLA	F	0.12%	0.12%	0.12%
TAC	B	0.03%	0.01%	0.01%
TD	F	0.39%	0.42%	0.39%
TM	D	0.84%	0.88%	0.84%
TRMD	F	0.0%	0.0%	0.0%
UL	D	0.41%	0.65%	0.41%
WCN	A	0.14%	0.2%	0.14%
WFG	D	0.02%	0.03%	0.02%

TLTD Overweight 7 Positions Relative to VEA

Symbol	Grade	Weight
PDS	C	0.06%
BBUC	B	0.04%
CCEP	C	0.04%
ECO	F	0.02%
DNN	B	0.02%
ORLA	C	0.01%
TIGO	D	0.01%

TLTD Underweight 22 Positions Relative to VEA

Symbol	Grade	Weight
SW	A	-0.11%
KB	B	-0.09%
SHG	D	-0.08%
XRX	F	-0.06%
PRMW	C	-0.02%
KEP	B	-0.02%
LPL	F	-0.01%
FRO	F	-0.01%
LIF	D	-0.01%
GEN	B	-0.0%
CALX	D	-0.0%
CTS	C	-0.0%
SLDB	F	-0.0%
VGR	D	-0.0%
GCBC	C	-0.0%
AUDC	D	-0.0%
VMAR	F	-0.0%
CHGX	A	-0.0%
IONR	D	-0.0%
SSBI	F	-0.0%
PIXY	F	-0.0%
SPNS	F	-0.0%

VEA: Top Represented Industries & Keywords

Industries: Software - Application Banks - Global Auto Manufacturers Banks - Regional - Asia Shipping & Ports Communication Equipment Consumer Electronics Drug Manufacturers - Major Other Industrial Metals & Mining Banks - Regional - Europe Banks - Regional - US Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Business Services Capital Markets Computer Systems Diagnostics & Research Diversified Industrials Drug Manufacturers - Specialty & Generic