TLTE vs. DFAE ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to Dimensional Emerging Core Equity Market ETF (DFAE)

TLTE

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund

TLTE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MorningstarÂ® Emerging Markets Factor Tilt IndexSM. The fund generally will invest under normal circumstances at least 80% of its 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 emerging equities markets, with increased exposure (or a "tilt") to small-capitalization stocks and value stocks.

Grade (RS Rating)

Last Trade

$53.46

Average Daily Volume

4,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFAE

Dimensional Emerging Core Equity Market ETF

DFAE Description

The investment objective of the Dimensional Emerging Core Equity Market ETF is to achieve long-term capital appreciation.

Grade (RS Rating)

Last Trade

$25.77

Average Daily Volume

698,961

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	DFAE
30 Days	-4.32%	-4.40%
60 Days	-1.63%	-1.37%
90 Days	-1.73%	-2.53%
12 Months	11.46%	12.07%

65 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in DFAE	Overlap
ABEV	F	0.07%	0.0%	0.0%
ABEV	F	0.07%	0.05%	0.05%
AKO.A	F	0.01%	0.0%	0.0%
ASAI	F	0.05%	0.01%	0.01%
ASAI	F	0.05%	0.06%	0.05%
BABA	D	1.98%	0.17%	0.17%
BABA	D	1.98%	1.7%	1.7%
BAP	A	0.13%	0.09%	0.09%
BCH	C	0.05%	0.03%	0.03%
BCH	C	0.05%	0.01%	0.01%
BGNE	D	0.08%	0.05%	0.05%
BGNE	D	0.08%	0.01%	0.01%
BIDU	F	0.26%	0.05%	0.05%
BIDU	F	0.26%	0.26%	0.26%
BILI	D	0.03%	0.0%	0.0%
BILI	D	0.03%	0.05%	0.03%
BRFS	C	0.03%	0.0%	0.0%
BRFS	C	0.03%	0.02%	0.02%
CAR	C	0.01%	0.04%	0.01%
CHT	C	0.11%	0.06%	0.06%
CHT	C	0.11%	0.05%	0.05%
CSAN	F	0.03%	0.0%	0.0%
CSAN	F	0.03%	0.04%	0.03%
ERJ	A	0.05%	0.04%	0.04%
ERJ	A	0.05%	0.07%	0.05%
GDS	C	0.03%	0.04%	0.03%
GGB	C	0.05%	0.05%	0.05%
GGB	C	0.05%	0.01%	0.01%
HDB	C	0.83%	0.51%	0.51%
HDB	C	0.83%	0.2%	0.2%
IBN	C	0.57%	0.7%	0.57%
IBN	C	0.57%	0.2%	0.2%
IFS	A	0.01%	0.0%	0.0%
IMOS	F	0.01%	0.01%	0.01%
IMOS	F	0.01%	0.0%	0.0%
IQ	F	0.01%	0.02%	0.01%
KB	B	0.26%	0.05%	0.05%
KB	B	0.26%	0.26%	0.26%
KEP	B	0.04%	0.04%	0.04%
KEP	B	0.04%	0.01%	0.01%
LI	F	0.1%	0.13%	0.1%
LI	F	0.1%	0.03%	0.03%
LPL	D	0.02%	0.0%	0.0%
LPL	D	0.02%	0.04%	0.02%
NIO	F	0.05%	0.08%	0.05%
PDD	F	0.55%	0.74%	0.55%
SBSW	D	0.03%	0.05%	0.03%
SGRP	D	0.16%	0.02%	0.02%
SHG	C	0.2%	0.21%	0.2%
SHG	C	0.2%	0.02%	0.02%
SKM	C	0.04%	0.01%	0.01%
SKM	C	0.04%	0.05%	0.04%
TCOM	B	0.26%	0.07%	0.07%
TCOM	B	0.26%	0.34%	0.26%
TME	D	0.03%	0.07%	0.03%
TME	D	0.02%	0.07%	0.02%
UMC	F	0.18%	0.1%	0.1%
UMC	F	0.18%	0.05%	0.05%
VALE	F	0.38%	0.28%	0.28%
VALE	F	0.38%	0.06%	0.06%
VIPS	F	0.05%	0.09%	0.05%
WIT	B	0.07%	0.09%	0.07%
WIT	B	0.07%	0.01%	0.01%
XPEV	C	0.07%	0.1%	0.07%
YUMC	C	0.13%	0.24%	0.13%

TLTE Overweight 15 Positions Relative to DFAE

Symbol	Grade	Weight
DQ	F	0.13%
MOMO	D	0.12%
FINV	B	0.11%
WB	D	0.1%
BEKE	D	0.09%
VIST	B	0.04%
YMM	C	0.04%
BEKE	D	0.03%
TAL	F	0.03%
MNSO	D	0.02%
ATAT	C	0.02%
EH	D	0.01%
RLX	C	0.01%
ATHM	C	0.01%
YY	B	0.01%

TLTE Underweight 44 Positions Relative to DFAE

Symbol	Grade	Weight
INFY	C	-0.39%
GFI	D	-0.14%
RDY	F	-0.11%
PAC	B	-0.1%
CX	F	-0.07%
NTES	D	-0.07%
FMX	F	-0.06%
ASR	D	-0.05%
SQM	D	-0.05%
CIB	B	-0.04%
HMY	D	-0.04%
KOF	F	-0.03%
PKX	D	-0.03%
PBR	D	-0.03%
BBD	D	-0.02%
BSAC	C	-0.02%
CIG	C	-0.02%
ITUB	F	-0.02%
VIV	F	-0.02%
ASX	D	-0.02%
ELP	F	-0.01%
OMAB	D	-0.01%
EBR	F	-0.01%
UGP	F	-0.01%
HTHT	D	-0.01%
TLK	D	-0.01%
SUZ	B	-0.01%
WF	C	-0.01%
SBS	B	-0.01%
JD	D	-0.01%
JKS	F	-0.01%
BAK	F	-0.0%
PDSB	F	-0.0%
LGHT	D	-0.0%
BSBR	F	-0.0%
MGNX	F	-0.0%
BAOS	F	-0.0%
PHI	D	-0.0%
BZUN	F	-0.0%
VNET	B	-0.0%
ZLAB	C	-0.0%
SLDB	F	-0.0%
ZTO	F	-0.0%
SHPH	F	-0.0%