TLTE vs. QQQI ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to NEOS Nasdaq 100 High Income ETF (QQQI)

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 Morningstar® 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

$53.62

Average Daily Volume

4,149

Number of Holdings ^*

55

* may have additional holdings in another (foreign) market

QQQI

NEOS Nasdaq 100 High Income ETF

QQQI Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the Nasdaq-100® Index and a call options strategy, that consists of written (sold) call options on the Nasdaq-100® Index. Under normal circumstances, at least 80% of the fund"s net assets, plus borrowings for investment purposes, will be invested in securities, or derivative instruments linked to securities, of companies that are included in the reference index.

Grade (RS Rating)

Last Trade

$52.08

Average Daily Volume

231,302

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	QQQI
30 Days	-3.60%	3.32%
60 Days	-2.31%	4.75%
90 Days	-1.68%	6.05%
12 Months	11.52%

1 Overlapping Holdings

	Symbol	Grade	Weight in TLTE	Weight in QQQI	Overlap
	PDD	F	0.55%	0.52%	0.52%

TLTE Overweight 54 Positions Relative to QQQI

	Symbol	Grade	Weight
	BABA	D	1.98%
	HDB	C	0.83%
	IBN	C	0.57%
	VALE	F	0.38%
	TCOM	B	0.26%
	KB	B	0.26%
	BIDU	F	0.26%
	SHG	D	0.2%
	UMC	F	0.18%
	SGRP	D	0.16%
	YUMC	C	0.13%
	BAP	B	0.13%
	DQ	F	0.13%
	MOMO	D	0.12%
	CHT	D	0.11%
	FINV	B	0.11%
	WB	D	0.1%
	LI	F	0.1%
	BEKE	D	0.09%
	BGNE	D	0.08%
	XPEV	C	0.07%
	ABEV	F	0.07%
	WIT	A	0.07%
	GGB	C	0.05%
	NIO	F	0.05%
	BCH	F	0.05%
	ERJ	B	0.05%
	VIPS	F	0.05%
	ASAI	F	0.05%
	KEP	B	0.04%
	VIST	A	0.04%
	SKM	D	0.04%
	YMM	C	0.04%
	CSAN	F	0.03%
	BEKE	D	0.03%
	TAL	F	0.03%
	SBSW	D	0.03%
	GDS	C	0.03%
	BILI	D	0.03%
	BRFS	D	0.03%
	TME	D	0.03%
	MNSO	F	0.02%
	ATAT	C	0.02%
	TME	D	0.02%
	LPL	F	0.02%
	IMOS	F	0.01%
	IQ	F	0.01%
	EH	F	0.01%
	RLX	C	0.01%
	IFS	B	0.01%
	CAR	C	0.01%
	ATHM	D	0.01%
	AKO.A	F	0.01%
	YY	C	0.01%

TLTE Underweight 100 Positions Relative to QQQI

	Symbol	Grade	Weight
	NVDA	C	-8.91%
	AAPL	C	-8.58%
	MSFT	F	-7.71%
	AMZN	C	-5.13%
	META	D	-5.03%
	AVGO	D	-4.85%
	TSLA	B	-3.68%
	COST	B	-2.71%
	GOOGL	C	-2.6%
	GOOG	C	-2.51%
	NFLX	A	-2.3%
	TMUS	B	-1.9%
	ADBE	C	-1.56%
	PEP	F	-1.54%
	CSCO	B	-1.51%
	AMD	F	-1.41%
	LIN	D	-1.33%
	ISRG	A	-1.28%
	TXN	C	-1.27%
	INTU	C	-1.27%
	QCOM	F	-1.15%
	CMCSA	B	-1.07%
	AMGN	D	-1.04%
	AMAT	F	-1.04%
	HON	B	-0.98%
	PANW	C	-0.86%
	ADP	B	-0.83%
	VRTX	F	-0.79%
	GILD	C	-0.79%
	SBUX	A	-0.79%
	INTC	D	-0.73%
	MU	D	-0.7%
	ADI	D	-0.7%
	PYPL	B	-0.62%
	MDLZ	F	-0.61%
	LRCX	F	-0.6%
	BKNG	A	-0.6%
	MRVL	B	-0.56%
	KLAC	D	-0.56%
	MAR	B	-0.56%
	CDNS	B	-0.55%
	REGN	F	-0.54%
	FTNT	C	-0.49%
	CEG	D	-0.49%
	CRWD	B	-0.49%
	CSX	B	-0.48%
	SNPS	B	-0.48%
	CTAS	B	-0.46%
	DASH	A	-0.45%
	ADSK	A	-0.44%
	PCAR	B	-0.42%
	MNST	C	-0.4%
	ROP	B	-0.39%
	WDAY	B	-0.39%
	TTD	B	-0.39%
	ORLY	B	-0.38%
	CPRT	A	-0.38%
	ABNB	C	-0.37%
	NXPI	D	-0.36%
	PAYX	C	-0.35%
	ROST	C	-0.34%
	CHTR	C	-0.34%
	ASML	F	-0.34%
	AEP	D	-0.33%
	FAST	B	-0.33%
	KDP	D	-0.32%
	ODFL	B	-0.32%
	BKR	B	-0.3%
	EA	A	-0.3%
	CTSH	B	-0.28%
	KHC	F	-0.27%
	GEHC	F	-0.26%
	EXC	C	-0.26%
	DDOG	A	-0.26%
	TEAM	A	-0.26%
	VRSK	A	-0.25%
	AZN	D	-0.25%
	XEL	A	-0.25%
	MCHP	D	-0.24%
	LULU	C	-0.23%
	MELI	D	-0.23%
	CCEP	C	-0.23%
	CSGP	D	-0.21%
	IDXX	F	-0.21%
	ON	D	-0.2%
	DXCM	D	-0.19%
	TTWO	A	-0.19%
	FANG	D	-0.19%
	ZS	C	-0.18%
	GFS	C	-0.17%
	WBD	C	-0.17%
	ANSS	B	-0.17%
	CDW	F	-0.16%
	ILMN	D	-0.15%
	BIIB	F	-0.14%
	MRNA	F	-0.1%
	MDB	C	-0.09%
	DLTR	F	-0.09%
	ARM	D	-0.06%
	SMCI	F	-0.01%

TLTE: Top Represented Industries & Keywords

Industries: Internet Content & Information Banks - Regional - Asia Specialty Retail Auto Manufacturers Banks - Regional - Latin America Aerospace & Defense Semiconductors Telecom Services Beverages - Brewers Beverages - Non-Alcoholic Biotechnology Business Services Consumer Electronics Credit Services Data Storage Education & Training Services Gold Grocery Stores Industrial Metals & Minerals Information Technology Services

Keywords: Bank Banking Investment Banking Transport Advertising Services Currency Games Investment Banking Services Collection Services Commercial Banking Electric Vehicle Electronics Financial Products Nasdaq 100 Online Game Retail Banking Retailing Securitization Social Networking Services Account Management

QQQI: Top Represented Industries & Keywords

Industries: Semiconductors Software - Application Beverages - Soft Drinks Business Services Drug Manufacturers - Major Semiconductor Equipment & Materials Specialty Retail Biotechnology Diagnostics & Research Internet Content & Information Software - Infrastructure Apparel Stores Discount Stores Diversified Industrials Electronic Gaming & Multimedia Information Technology Services Internet Content & Information Pay TV Utilities - Regulated Electric Auto & Truck Dealerships

Keywords: Nasdaq 100 S&P 500 Computing Integrated Circuits Semiconductor Mobile Devices Work From Home Smartphones Dow Jones Component Software Cloud Computing Electronics Fabless Semiconductor Companies Electronic Design Medicine Natural Gas Power Management Cloud Infrastructure Electricity Ethernet