FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD)

• Market cap: $463M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

13% more funds holding

Funds holding: 54 [Q1] → 61 (+7) [Q2]

6% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 18

0.97% more ownership

Funds ownership: 91.45% [Q1] → 92.42% (+0.97%) [Q2]

9% less capital invested

Capital invested by funds: $485M [Q1] → $439M (-$45.6M) [Q2]