AFSM vs. RAVI ETF Comparison

Comparison of Active Factor Small Cap ETF (AFSM) to FlexShares Ready Access Variable Income Fund (RAVI)

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

6,042

Number of Holdings ^*

308

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.42

Average Daily Volume

54,399

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

Performance

Period	AFSM	RAVI
30 Days	-3.18%	0.42%
60 Days	-0.28%	0.90%
90 Days	4.01%	1.36%
12 Months	25.22%	5.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in AFSM	Weight in RAVI	Overlap
	OGS	B	0.05%	1.05%	0.05%

AFSM Overweight 307 Positions Relative to RAVI

Symbol	Grade	Weight
BCC	C	1.2%
ELF	C	1.05%
HCC	A	1.04%
SMCI	C	0.99%
FIX	B	0.91%
ESGR	C	0.9%
WIRE	B	0.87%
TNK	A	0.82%
ALKS	D	0.82%
DDS	B	0.81%
PFBC	A	0.81%
ANF	C	0.8%
CAL	C	0.78%
MTG	B	0.76%
KBH	C	0.74%
CPRX	D	0.74%
WFRD	A	0.73%
MOD	B	0.73%
EME	A	0.72%
STRL	B	0.71%
ATKR	A	0.71%
ARCH	B	0.7%
AMR	B	0.68%
LPG	A	0.68%
PBF	A	0.67%
MLI	A	0.67%
GMS	C	0.67%
SSD	D	0.66%
MHO	C	0.66%
PLUS	C	0.65%
AROC	A	0.65%
TMHC	B	0.64%
GNK	A	0.63%
MATX	C	0.63%
TEX	B	0.61%
CALM	B	0.6%
PRDO	A	0.59%
MUSA	A	0.59%
APPF	B	0.59%
AMPH	D	0.59%
CNXN	C	0.59%
SLVM	A	0.59%
SIG	B	0.58%
OTTR	C	0.58%
UFPT	D	0.58%
SANM	B	0.57%
TNC	B	0.56%
LGND	D	0.55%
BXC	C	0.55%
DFIN	A	0.54%
CEIX	B	0.54%
IDCC	C	0.54%
BDC	C	0.54%
BRBR	C	0.54%
SKT	B	0.54%
OFG	B	0.53%
CRVL	C	0.53%
NTB	A	0.53%
NHC	C	0.52%
BMI	A	0.52%
PLAB	C	0.52%
OPCH	D	0.51%
GRBK	C	0.5%
CHCO	A	0.5%
HUBG	D	0.5%
BTU	D	0.49%
RDN	C	0.49%
BKU	B	0.49%
UVE	B	0.47%
NAVI	F	0.47%
WINA	D	0.46%
SKYW	A	0.46%
HURN	D	0.46%
TGNA	F	0.45%
MEDP	C	0.45%
VNDA	B	0.45%
RMR	C	0.45%
FDP	A	0.45%
POWL	B	0.44%
EGBN	F	0.44%
GMED	F	0.44%
CCRN	F	0.44%
STBA	B	0.43%
ANIP	D	0.41%
BKE	C	0.4%
NSIT	D	0.39%
ASC	A	0.39%
VSH	C	0.38%
HRMY	D	0.38%
SPNS	A	0.38%
PINC	D	0.38%
BPMC	B	0.38%
TWI	F	0.38%
MD	D	0.38%
QLYS	A	0.38%
FBP	A	0.37%
INMD	F	0.37%
ODP	C	0.37%
GEO	B	0.36%
ADUS	D	0.36%
HIBB	A	0.36%
M	D	0.36%
CMC	D	0.36%
ONTO	B	0.36%
ARCB	B	0.36%
CWCO	D	0.36%
NTCT	D	0.36%
ALRM	C	0.36%
DNOW	B	0.35%
CBZ	D	0.35%
CADE	A	0.34%
UFPI	C	0.34%
WNC	D	0.34%
KOP	D	0.34%
CVLT	B	0.34%
ABG	A	0.34%
ANDE	B	0.33%
MRVI	F	0.33%
LOPE	C	0.33%
SCS	C	0.33%
MTH	B	0.33%
CTRE	A	0.33%
COOP	A	0.33%
ALE	A	0.32%
WTS	D	0.32%
RHP	C	0.31%
AMRK	A	0.31%
APOG	A	0.31%
PSN	C	0.31%
IBOC	A	0.3%
ETD	D	0.3%
AMWD	C	0.3%
IIPR	B	0.3%
ASTH	D	0.3%
VRNS	C	0.3%
HCI	A	0.3%
HRB	D	0.3%
REZI	C	0.3%
HIW	A	0.3%
HLNE	B	0.3%
CVBF	D	0.3%
MED	F	0.29%
MCY	B	0.29%
VRNT	B	0.29%
XRX	F	0.29%
MOG.A	A	0.29%
SFL	A	0.28%
ITCI	B	0.28%
PRG	B	0.28%
KFY	D	0.28%
AMKR	C	0.28%
CRS	A	0.28%
HWKN	B	0.28%
CRC	A	0.28%
BKH	A	0.27%
MAC	C	0.27%
NMIH	B	0.27%
CATY	F	0.26%
CUZ	B	0.26%
PDM	A	0.26%
MITK	B	0.26%
HAE	A	0.26%
OSIS	B	0.26%
NHI	A	0.26%
BELFB	D	0.26%
RAMP	D	0.26%
STRA	A	0.26%
SUPN	C	0.26%
RMBS	D	0.26%
HLX	A	0.26%
CORT	D	0.26%
SLG	A	0.25%
SBRA	C	0.25%
HSII	C	0.25%
ACT	A	0.25%
LRN	B	0.25%
THFF	B	0.24%
SD	B	0.24%
COKE	C	0.24%
HIMS	C	0.24%
MOV	D	0.24%
NSSC	B	0.24%
DAKT	B	0.24%
PK	C	0.24%
DHT	A	0.24%
CASH	A	0.23%
RLI	C	0.23%
WGO	D	0.23%
DFH	C	0.23%
TBBK	F	0.22%
RXST	B	0.22%
KFRC	C	0.22%
TMDX	A	0.22%
AVNS	F	0.22%
IIIN	F	0.22%
IDYA	C	0.21%
WMK	B	0.21%
PARR	D	0.21%
UE	C	0.21%
CCS	D	0.21%
CMPR	D	0.21%
DUOL	B	0.21%
QTRX	F	0.2%
EXTR	F	0.2%
SITC	D	0.2%
EPR	D	0.2%
RYI	F	0.2%
INSW	A	0.2%
DOLE	A	0.2%
WABC	B	0.2%
KNSA	C	0.19%
PFS	C	0.19%
BASE	C	0.19%
HDSN	F	0.19%
KRC	D	0.19%
IMXI	B	0.19%
BRZE	D	0.19%
VGR	D	0.19%
STNG	A	0.19%
LQDA	D	0.18%
COHU	D	0.18%
TCMD	F	0.18%
NUS	F	0.18%
MIRM	D	0.18%
LNTH	B	0.18%
INTA	D	0.17%
BPOP	A	0.17%
IMKTA	F	0.17%
HOV	B	0.17%
LMAT	B	0.17%
FWRD	F	0.17%
AXSM	D	0.16%
SIGA	A	0.16%
MXL	C	0.16%
CHRD	A	0.16%
IRWD	F	0.16%
ASIX	F	0.16%
PIPR	B	0.16%
INVA	B	0.16%
LXU	B	0.15%
OMI	C	0.14%
ALXO	A	0.14%
OSCR	A	0.14%
BRC	A	0.14%
AYI	C	0.13%
CLSK	B	0.13%
CECO	A	0.13%
LBRT	A	0.12%
FOR	D	0.12%
NEO	D	0.11%
AIT	D	0.11%
SPSC	C	0.1%
ALKT	B	0.1%
CABA	F	0.1%
YELP	B	0.1%
ROCK	D	0.1%
ASO	C	0.1%
KRYS	D	0.09%
ACAD	F	0.09%
YEXT	F	0.09%
CSGS	F	0.08%
KN	B	0.08%
ESNT	C	0.08%
VCTR	A	0.07%
JBI	B	0.07%
TPH	A	0.07%
AMN	D	0.07%
TNET	F	0.07%
CRAI	A	0.07%
SFM	A	0.07%
JWN	B	0.06%
APAM	D	0.06%
UNFI	F	0.06%
SQSP	A	0.06%
OPI	F	0.06%
GES	A	0.06%
KTB	B	0.06%
BECN	A	0.06%
EIG	C	0.06%
TGTX	F	0.06%
KAI	D	0.06%
OVV	A	0.06%
KSS	C	0.05%
MLKN	C	0.05%
PRK	A	0.05%
PHR	F	0.05%
EOLS	D	0.05%
FIBK	B	0.05%
ATEN	B	0.05%
HVT	C	0.05%
CRUS	C	0.05%
VCEL	C	0.05%
CTS	B	0.05%
GFF	C	0.05%
VSTO	A	0.05%
ZEUS	D	0.05%
GCO	D	0.04%
TDC	D	0.04%
SIBN	F	0.04%
INDB	B	0.04%
EMBC	F	0.04%
EGRX	F	0.04%
DVAX	F	0.04%
VSCO	D	0.03%
EYPT	D	0.03%
SPTN	F	0.03%
AKR	A	0.0%

AFSM Underweight 101 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	B	-1.51%
ED	A	-1.05%
OTIS	D	-0.95%
PYPL	A	-0.95%
KDP	A	-0.95%
PXD	B	-0.89%
DHR	C	-0.86%
LYB	B	-0.83%
DTE	B	-0.77%
GE	A	-0.76%
TSN	A	-0.7%
WM	B	-0.69%
CI	A	-0.67%
CM	C	-0.62%
GP	F	-0.59%
GILD	F	-0.59%
TFC	A	-0.59%
AIG	B	-0.57%
SJM	F	-0.57%
NEE	A	-0.57%
BAC	A	-0.57%
AZO	D	-0.52%
NVDA	B	-0.52%
BNS	D	-0.52%
D	A	-0.51%
BDX	F	-0.51%
TD	B	-0.51%
RY	B	-0.51%
SYK	C	-0.49%
CCI	F	-0.49%
AON	D	-0.46%
UNH	C	-0.43%
BMY	F	-0.43%
AMZN	A	-0.42%
SCHW	A	-0.42%
CRM	D	-0.4%
VFC	F	-0.39%
OGE	A	-0.39%
ETR	A	-0.38%
AEP	A	-0.38%
CVX	A	-0.33%
NDAQ	B	-0.31%
ARCC	A	-0.3%
T	C	-0.3%
HSBC	A	-0.29%
CFG	A	-0.29%
MLM	A	-0.28%
DELL	A	-0.28%
CMCSA	F	-0.28%
DB	A	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
CLX	C	-0.26%
LEN	C	-0.26%
SO	A	-0.26%
ATHS	F	-0.26%
GS	A	-0.26%
AL	A	-0.25%
C	A	-0.24%
CMS	A	-0.24%
FIS	B	-0.23%
MCHP	A	-0.22%
FITB	A	-0.22%
PPL	A	-0.22%
FOXA	A	-0.21%
NYC	D	-0.21%
CNP	A	-0.2%
SBUX	F	-0.18%
LUV	F	-0.18%
MKC	A	-0.17%
AEE	B	-0.17%
BHF	B	-0.17%
CVS	F	-0.16%
KEY	C	-0.16%
SEB	D	-0.16%
UBS	D	-0.16%
PSX	B	-0.16%
AZN	A	-0.15%
NWG	A	-0.15%
BA	F	-0.15%
ICE	C	-0.15%
MUFG	D	-0.14%
MET	D	-0.13%
DHI	D	-0.13%
AMT	F	-0.13%
CNHI	F	-0.13%
ABBV	D	-0.13%
HPE	A	-0.11%
EFX	D	-0.1%
GM	A	-0.1%
VZ	D	-0.1%
MDLZ	B	-0.09%
R	A	-0.08%
HRL	A	-0.07%
ROP	D	-0.07%
DUK	A	-0.07%
COF	A	-0.06%
MS	A	-0.06%
PCAR	D	-0.05%
JPM	B	-0.03%