JPST vs. RAVI ETF Comparison

Comparison of JPMorgan Ultra-Short Income ETF (JPST) to FlexShares Ready Access Variable Income Fund (RAVI)

JPST

JPMorgan Ultra-Short Income ETF

JPST Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$50.50

Average Daily Volume

5,203,416

Number of Holdings ^*

111

* 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

74,707

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	JPST	RAVI
30 Days	0.25%	0.38%
60 Days	0.46%	0.67%
90 Days	1.07%	1.22%
12 Months	5.96%	5.43%

54 Overlapping Holdings

Symbol	Grade	Weight in JPST	Weight in RAVI	Overlap
ABBV	F	0.04%	0.13%	0.04%
AEP	C	0.05%	0.38%	0.05%
AIG	B	0.01%	0.57%	0.01%
AL	B	0.05%	0.25%	0.05%
AZN	F	0.57%	0.15%	0.15%
AZO	C	0.02%	0.52%	0.02%
BA	F	0.18%	0.15%	0.15%
BAC	A	0.01%	0.57%	0.01%
BHF	C	0.04%	0.17%	0.04%
BMY	B	0.01%	0.43%	0.01%
BNS	A	0.02%	0.52%	0.02%
C	A	0.01%	0.24%	0.01%
CAT	B	0.01%	0.26%	0.01%
CFG	B	0.07%	0.29%	0.07%
CI	D	0.08%	0.67%	0.08%
CM	A	0.01%	0.62%	0.01%
CNP	A	0.14%	0.2%	0.14%
COF	C	0.04%	0.06%	0.04%
D	C	0.17%	0.51%	0.17%
DB	D	0.13%	0.28%	0.13%
DHR	F	0.01%	0.86%	0.01%
DUK	C	0.08%	0.07%	0.07%
ETR	B	0.16%	0.38%	0.16%
FITB	B	0.1%	0.22%	0.1%
GILD	C	0.13%	0.59%	0.13%
GM	C	0.1%	0.1%	0.1%
GS	A	0.01%	0.26%	0.01%
HSBC	A	0.07%	0.29%	0.07%
ICE	C	0.01%	0.15%	0.01%
KDP	F	0.31%	0.95%	0.31%
KEY	B	0.01%	0.16%	0.01%
MDLZ	F	0.04%	0.09%	0.04%
MET	A	0.01%	0.13%	0.01%
MLM	C	0.09%	0.28%	0.09%
MS	A	0.05%	0.06%	0.05%
MUFG	B	0.01%	0.14%	0.01%
NEE	C	0.03%	0.57%	0.03%
NWG	A	0.01%	0.15%	0.01%
OGS	A	0.17%	1.05%	0.17%
PSX	C	0.01%	0.16%	0.01%
R	B	0.03%	0.08%	0.03%
ROP	B	0.03%	0.07%	0.03%
RY	A	0.01%	0.51%	0.01%
SBUX	A	0.06%	0.18%	0.06%
SCHW	B	0.01%	0.42%	0.01%
SEB	F	0.06%	0.16%	0.06%
SO	C	0.11%	0.26%	0.11%
T	A	0.14%	0.3%	0.14%
TD	D	0.01%	0.51%	0.01%
TFC	A	0.01%	0.59%	0.01%
UBS	B	0.01%	0.16%	0.01%
UNH	B	0.01%	0.43%	0.01%
VZ	C	0.16%	0.1%	0.1%
WFC	A	0.11%	0.26%	0.11%

JPST Overweight 57 Positions Relative to RAVI

Symbol	Grade	Weight
CASH	B	2.2%
TMO	F	0.74%
EQH	C	0.35%
CCEP	C	0.3%
ATO	A	0.3%
MCD	D	0.29%
LDOS	C	0.26%
BXMT	C	0.25%
SNX	D	0.23%
TDY	B	0.22%
HART	D	0.19%
CAG	F	0.13%
AAPL	C	0.12%
VTRS	A	0.1%
HUM	C	0.09%
WEC	A	0.09%
JBHT	C	0.09%
IFF	D	0.08%
STT	B	0.08%
DT	D	0.08%
NEM	D	0.08%
KR	B	0.07%
BX	A	0.07%
BG	D	0.06%
ACR	A	0.06%
XOM	B	0.06%
ORCL	A	0.04%
KKR	A	0.04%
PL	B	0.04%
ARES	A	0.03%
CHD	A	0.03%
BCC	B	0.03%
BMO	A	0.03%
HON	C	0.02%
WLK	D	0.02%
MSC	D	0.02%
ETN	A	0.02%
GSK	F	0.02%
DIS	B	0.02%
AER	A	0.02%
EPD	A	0.01%
ABT	B	0.01%
PFE	F	0.01%
IBM	C	0.01%
MCO	B	0.01%
CSL	C	0.01%
PNC	B	0.01%
BK	A	0.01%
MMM	D	0.01%
AXP	A	0.01%
PM	B	0.01%
HBAN	A	0.01%
ES	C	0.01%
JXN	C	0.01%
DE	B	0.01%
PFG	D	0.01%
USB	A	0.01%

JPST Underweight 47 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	C	-1.05%
OTIS	C	-0.95%
PYPL	B	-0.95%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
TSN	B	-0.7%
WM	B	-0.69%
GP	F	-0.59%
SJM	D	-0.57%
NVDA	B	-0.52%
BDX	F	-0.51%
SYK	B	-0.49%
CCI	C	-0.49%
AON	A	-0.46%
AMZN	C	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	A	-0.39%
CVX	A	-0.33%
NDAQ	A	-0.31%
ARCC	A	-0.3%
DELL	B	-0.28%
CMCSA	B	-0.28%
CP	F	-0.27%
CLX	A	-0.26%
LEN	D	-0.26%
ATHS	D	-0.26%
CMS	C	-0.24%
FIS	C	-0.23%
MCHP	F	-0.22%
PPL	A	-0.22%
FOXA	A	-0.21%
NYC	D	-0.21%
LUV	C	-0.18%
MKC	C	-0.17%
AEE	A	-0.17%
CVS	D	-0.16%
DHI	F	-0.13%
AMT	C	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
EFX	F	-0.1%
HRL	D	-0.07%
PCAR	B	-0.05%
JPM	A	-0.03%