TLTE vs. VXUS ETF Comparison

Comparison of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) to Vanguard Total International Stock ETF (VXUS)

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

$52.92

Average Daily Volume

9,212

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VXUS

Vanguard Total International Stock ETF

VXUS Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in developed and emerging markets, excluding the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE Global All Cap ex US Index, a free-float-adjusted market-capitalization-weighted index designed to measure equity market performance of companies located in developed and emerging markets, excluding the United States. The index includes more than 5,300 stocks of companies located in 46 countries.

Grade (RS Rating)

Last Trade

$61.05

Average Daily Volume

3,027,898

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TLTE	VXUS
30 Days	2.33%	2.40%
60 Days	3.47%	2.37%
90 Days	5.13%	6.48%
12 Months	14.08%	12.83%

13 Overlapping Holdings

Symbol	Grade	Weight in TLTE	Weight in VXUS	Overlap
BABA	C	1.74%	0.48%	0.48%
BIDU	C	0.19%	0.09%	0.09%
CHT	C	0.09%	0.04%	0.04%
HDB	D	0.6%	0.31%	0.31%
IBN	B	0.43%	0.1%	0.1%
KB	B	0.23%	0.06%	0.06%
LI	F	0.09%	0.05%	0.05%
PDD	B	0.53%	0.22%	0.22%
SHG	B	0.18%	0.05%	0.05%
TCOM	A	0.2%	0.07%	0.07%
UMC	C	0.21%	0.06%	0.06%
VALE	C	0.49%	0.14%	0.14%
YUMC	F	0.1%	0.04%	0.04%

TLTE Overweight 43 Positions Relative to VXUS

Symbol	Grade	Weight
FINV	B	0.14%
BAP	B	0.12%
BEKE	B	0.07%
ABEV	F	0.06%
BGNE	C	0.06%
WIT	D	0.05%
NIO	C	0.05%
BCH	A	0.05%
GGB	C	0.05%
SBSW	D	0.04%
VIST	B	0.04%
CSAN	F	0.04%
TAL	B	0.04%
KEP	D	0.04%
SKM	D	0.04%
TME	B	0.04%
VIPS	D	0.04%
LPL	D	0.03%
ASAI	D	0.03%
BRFS	B	0.03%
QFIN	A	0.03%
XPEV	F	0.03%
YMM	B	0.03%
HOLI	D	0.02%
BILI	B	0.02%
ERJ	B	0.02%
MNSO	B	0.02%
GDS	D	0.01%
WB	C	0.01%
IMOS	D	0.01%
IFS	D	0.01%
AZUL	F	0.01%
EH	C	0.01%
CAR	D	0.01%
DQ	F	0.01%
RLX	B	0.01%
ATHM	B	0.01%
ATAT	F	0.01%
YY	C	0.01%
SGRP	B	0.01%
IQ	C	0.01%
AKO.A	B	0.01%
DADA	F	0.0%

TLTE Underweight 24 Positions Relative to VXUS

Symbol	Grade	Weight
TM	D	-0.95%
NVS	B	-0.63%
UL	A	-0.39%
MUFG	D	-0.36%
TD	F	-0.34%
SONY	F	-0.33%
SHOP	F	-0.28%
DEO	D	-0.26%
CNI	D	-0.24%
SMFG	D	-0.23%
ABBV	D	-0.22%
HMC	D	-0.19%
STLA	D	-0.19%
MFG	D	-0.16%
WCN	C	-0.14%
LYG	A	-0.13%
E	C	-0.11%
BCS	A	-0.11%
FLUT	D	-0.11%
NMR	D	-0.06%
GOLD	B	-0.05%
XRX	F	-0.04%
RBA	D	-0.04%
LOGI	D	-0.04%