GSIB vs. RAVI ETF Comparison

Comparison of Themes Global Systemically Important Banks ETF (GSIB) to FlexShares Ready Access Variable Income Fund (RAVI)

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

The fund is an actively managed exchange-traded fund ("ETF") that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") that represent such companies in the banking sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.42

Average Daily Volume

2,391

Number of Holdings ^*

* 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

$75.43

Average Daily Volume

74,435

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	GSIB	RAVI
30 Days	3.13%	0.36%
60 Days	7.18%	0.66%
90 Days	9.49%	1.30%
12 Months		5.44%

9 Overlapping Holdings

Symbol	Grade	Weight in GSIB	Weight in RAVI	Overlap
BAC	A	3.74%	0.57%	0.57%
C	B	3.73%	0.24%	0.24%
GS	B	3.99%	0.26%	0.26%
HSBC	A	3.29%	0.29%	0.29%
JPM	B	3.72%	0.03%	0.03%
MS	B	4.29%	0.06%	0.06%
MUFG	B	3.7%	0.14%	0.14%
TD	D	2.89%	0.51%	0.51%
WFC	A	4.31%	0.26%	0.26%

GSIB Overweight 7 Positions Relative to RAVI

Symbol	Grade	Weight
BK	B	4.13%
STT	A	4.08%
MFG	A	3.69%
BCS	A	3.61%
SMFG	B	3.59%
SAN	D	3.0%
ING	D	2.77%

GSIB Underweight 92 Positions Relative to RAVI

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