TLTD vs. VEU ETF Comparison

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

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

$74.71

Average Daily Volume

11,721

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$62.06

Average Daily Volume

1,991,945

Number of Holdings ^*

109

* may have additional holdings in another (foreign) market

Performance

Period	TLTD	VEU
30 Days	2.78%	2.17%
60 Days	4.09%	4.30%
90 Days	7.53%	6.25%
12 Months	19.54%	19.60%

28 Overlapping Holdings

Symbol	Grade	Weight in TLTD	Weight in VEU	Overlap
ABBV	C	0.24%	0.3%	0.24%
AEI	D	0.02%	0.02%	0.02%
AGCO	D	0.03%	0.02%	0.02%
BCS	B	0.17%	0.16%	0.16%
CNI	D	0.17%	0.23%	0.17%
DEO	C	0.19%	0.24%	0.19%
E	C	0.14%	0.12%	0.12%
ELBM	C	0.01%	0.0%	0.0%
FLUT	B	0.1%	0.12%	0.1%
GOLD	C	0.09%	0.11%	0.09%
HMC	D	0.19%	0.18%	0.18%
LOGI	D	0.04%	0.05%	0.04%
LYG	B	0.19%	0.17%	0.17%
MBAVU	C	0.01%	0.01%	0.01%
MFG	D	0.19%	0.2%	0.19%
MNTX	D	0.01%	0.0%	0.0%
MUFG	D	0.34%	0.43%	0.34%
NMR	D	0.04%	0.06%	0.04%
NVS	C	0.64%	0.79%	0.64%
QGEN	C	0.03%	0.03%	0.03%
SHOP	C	0.24%	0.26%	0.24%
SMFG	D	0.24%	0.31%	0.24%
SONY	C	0.29%	0.37%	0.29%
STLA	F	0.12%	0.12%	0.12%
TD	B	0.42%	0.36%	0.36%
TM	F	0.8%	0.79%	0.79%
UL	C	0.45%	0.53%	0.45%
WCN	D	0.13%	0.16%	0.13%

TLTD Overweight 19 Positions Relative to VEU

Symbol	Grade	Weight
DOOO	F	0.15%
PDS	D	0.06%
PRMW	B	0.04%
RBA	B	0.04%
CCEP	B	0.04%
ECO	B	0.03%
IAG	C	0.03%
BBUC	C	0.03%
OTEX	D	0.03%
DNN	F	0.02%
WFG	B	0.02%
FLNG	C	0.01%
TRMD	C	0.01%
ORLA	C	0.01%
GOGL	D	0.01%
HAFN	D	0.01%
TAC	B	0.01%
LSPD	D	0.01%
RENB	F	0.0%

TLTD Underweight 81 Positions Relative to VEU

Symbol	Grade	Weight
BABA	B	-0.58%
HDB	C	-0.38%
PDD	F	-0.32%
IBN	B	-0.16%
INFY	C	-0.13%
VALE	D	-0.12%
BIDU	D	-0.09%
TCOM	C	-0.08%
SW	B	-0.08%
ITUB	C	-0.06%
SHG	C	-0.05%
XRX	D	-0.05%
PKX	D	-0.04%
LI	D	-0.04%
KB	D	-0.04%
KB	D	-0.04%
YUMC	D	-0.04%
PBR	D	-0.03%
ASAI	F	-0.03%
CHT	B	-0.03%
BGNE	C	-0.03%
SHG	C	-0.03%
BEKE	D	-0.03%
TME	F	-0.03%
VALE	D	-0.03%
UMC	C	-0.03%
UMC	C	-0.03%
BZ	F	-0.02%
CX	D	-0.02%
VIPS	D	-0.02%
YMM	D	-0.02%
WIT	C	-0.02%
BCH	C	-0.02%
XPEV	C	-0.02%
ABEV	D	-0.02%
ERJ	C	-0.02%
NIO	C	-0.02%
TSM	C	-0.02%
CHT	B	-0.02%
BBD	C	-0.02%
ATHM	C	-0.01%
RLX	F	-0.01%
IQ	F	-0.01%
GGB	D	-0.01%
SQM	D	-0.01%
QFIN	B	-0.01%
BSAC	C	-0.01%
GGB	D	-0.01%
BRFS	C	-0.01%
LPL	F	-0.01%
KEP	C	-0.01%
CSAN	F	-0.01%
RDY	D	-0.01%
SBSW	D	-0.01%
ABEV	D	-0.01%
CIB	D	-0.01%
WIT	C	-0.01%
TAL	F	-0.01%
BILI	C	-0.01%
JEWL	D	-0.0%
ASX	D	-0.0%
ATHM	C	-0.0%
DADA	D	-0.0%
BAK	D	-0.0%
TUYA	D	-0.0%
ENIC	D	-0.0%
ASAI	F	-0.0%
WB	D	-0.0%
SID	D	-0.0%
TAK	C	-0.0%
TS	D	-0.0%
PIXY	F	-0.0%
VIV	C	-0.0%
ELP	C	-0.0%
DQ	D	-0.0%
CIG	B	-0.0%
YY	C	-0.0%
GDS	B	-0.0%
EC	F	-0.0%
KEP	C	-0.0%
AKO.A	D	-0.0%