RAVI vs. BNDX ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Vanguard Total International Bond ETF (BNDX)

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

$75.20

Average Daily Volume

55,051

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

BNDX

Vanguard Total International Bond ETF

BNDX Description

The investment seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds. The fund employs an indexing investment approach designed to track the performance of the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). This Index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$48.68

Average Daily Volume

2,937,857

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	BNDX
30 Days	0.45%	-0.31%
60 Days	0.93%	0.38%
90 Days	1.41%	0.18%
12 Months	5.30%	3.74%

44 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in BNDX	Overlap
ABBV	D	0.13%	0.01%	0.01%
AIG	A	0.57%	0.01%	0.01%
AL	A	0.25%	0.01%	0.01%
AMT	D	0.13%	0.01%	0.01%
AON	F	0.46%	0.01%	0.01%
AZN	A	0.15%	0.01%	0.01%
BAC	B	0.57%	0.01%	0.01%
BDX	F	0.51%	0.01%	0.01%
BMY	F	0.43%	0.01%	0.01%
BNS	C	0.52%	0.01%	0.01%
C	A	0.24%	0.01%	0.01%
CM	C	0.62%	0.01%	0.01%
CMCSA	F	0.28%	0.01%	0.01%
CNHI	F	0.13%	0.01%	0.01%
COF	B	0.06%	0.01%	0.01%
CP	D	0.27%	0.01%	0.01%
DB	B	0.28%	0.01%	0.01%
DHR	C	0.86%	0.01%	0.01%
FIS	C	0.23%	0.01%	0.01%
GE	A	0.76%	0.01%	0.01%
GM	B	0.1%	0.01%	0.01%
GS	A	0.26%	0.01%	0.01%
HSBC	A	0.29%	0.01%	0.01%
JPM	B	0.03%	0.01%	0.01%
LYB	D	0.83%	0.01%	0.01%
MDLZ	D	0.09%	0.01%	0.01%
MET	D	0.13%	0.01%	0.01%
MS	A	0.06%	0.01%	0.01%
MUFG	D	0.14%	0.01%	0.01%
NDAQ	B	0.31%	0.01%	0.01%
NEE	B	0.57%	0.01%	0.01%
NWG	A	0.15%	0.01%	0.01%
PPL	A	0.22%	0.01%	0.01%
RY	A	0.51%	0.01%	0.01%
SEB	C	0.16%	0.01%	0.01%
SO	A	0.26%	0.01%	0.01%
SYK	D	0.49%	0.01%	0.01%
T	C	0.3%	0.01%	0.01%
TD	F	0.51%	0.01%	0.01%
UBS	D	0.16%	0.01%	0.01%
VFC	F	0.39%	0.01%	0.01%
VZ	D	0.1%	0.01%	0.01%
WFC	B	0.26%	0.01%	0.01%
WM	C	0.69%	0.01%	0.01%

RAVI Overweight 58 Positions Relative to BNDX

Symbol	Grade	Weight
VLO	C	1.51%
ED	A	1.05%
OGS	B	1.05%
OTIS	D	0.95%
PYPL	B	0.95%
KDP	A	0.95%
PXD	B	0.89%
DTE	A	0.77%
TSN	A	0.7%
CI	C	0.67%
GP	F	0.59%
GILD	F	0.59%
TFC	A	0.59%
SJM	F	0.57%
AZO	D	0.52%
NVDA	C	0.52%
D	A	0.51%
CCI	D	0.49%
UNH	C	0.43%
AMZN	A	0.42%
SCHW	A	0.42%
CRM	D	0.4%
OGE	A	0.39%
ETR	A	0.38%
AEP	A	0.38%
CVX	B	0.33%
ARCC	A	0.3%
CFG	A	0.29%
MLM	D	0.28%
DELL	B	0.28%
CAT	D	0.26%
CLX	F	0.26%
LEN	C	0.26%
ATHS	B	0.26%
CMS	A	0.24%
MCHP	A	0.22%
FITB	A	0.22%
FOXA	B	0.21%
NYC	F	0.21%
CNP	A	0.2%
SBUX	F	0.18%
LUV	F	0.18%
MKC	B	0.17%
AEE	C	0.17%
BHF	C	0.17%
CVS	F	0.16%
KEY	C	0.16%
PSX	D	0.16%
BA	D	0.15%
ICE	D	0.15%
DHI	D	0.13%
HPE	D	0.11%
EFX	D	0.1%
R	A	0.08%
HRL	B	0.07%
ROP	F	0.07%
DUK	A	0.07%
PCAR	D	0.05%

RAVI Underweight 113 Positions Relative to BNDX

Symbol	Grade	Weight
SPG	D	-0.01%
SLB	F	-0.01%
SCOR	D	-0.01%
RTX	B	-0.01%
ZBH	D	-0.01%
XYL	A	-0.01%
WHR	F	-0.01%
WELL	A	-0.01%
WBA	F	-0.01%
VTRS	D	-0.01%
VTR	B	-0.01%
UPS	F	-0.01%
TEL	C	-0.01%
TCN	A	-0.01%
TAP	F	-0.01%
SYY	D	-0.01%
EMR	D	-0.01%
EMN	A	-0.01%
MSFT	C	-0.01%
EEFT	C	-0.01%
MRK	B	-0.01%
MP	C	-0.01%
CL	A	-0.01%
EDC	B	-0.01%
ECL	A	-0.01%
DXC	F	-0.01%
DSM	B	-0.01%
MMM	A	-0.01%
MHK	D	-0.01%
CE	C	-0.01%
CCEP	A	-0.01%
DIS	C	-0.01%
MCO	C	-0.01%
MCK	C	-0.01%
MAN	B	-0.01%
MA	D	-0.01%
LLY	D	-0.01%
BWA	B	-0.01%
BX	D	-0.01%
PEP	B	-0.01%
ORCL	D	-0.01%
BSX	A	-0.01%
IFF	B	-0.01%
PSA	D	-0.01%
KMI	A	-0.01%
KKR	D	-0.01%
K	B	-0.01%
HOG	D	-0.01%
JNJ	F	-0.01%
BLK	D	-0.01%
BIP	C	-0.01%
PPG	D	-0.01%
PM	A	-0.01%
PFE	D	-0.01%
GLW	B	-0.01%
GIS	B	-0.01%
OMC	B	-0.01%
OBND	A	-0.01%
O	B	-0.01%
BACA	B	-0.01%
NS	D	-0.01%
ASML	D	-0.01%
APTV	D	-0.01%
APD	C	-0.01%
FDX	C	-0.01%
ITW	F	-0.01%
INTC	F	-0.01%
AMGN	A	-0.01%
AMCR	A	-0.01%
ETN	A	-0.01%
DE	B	-0.01%
SE	B	-0.01%
TMO	C	-0.01%
XOM	B	-0.01%
WPC	C	-0.01%
VOD	D	-0.01%
USB	C	-0.01%
CRH	C	-0.01%
ADM	D	-0.01%
MO	A	-0.01%
AAPL	C	-0.01%
DOV	A	-0.01%
DOW	C	-0.01%
CB	C	-0.01%
DHY	A	-0.01%
MDT	C	-0.01%
MCD	F	-0.01%
KO	A	-0.01%
LIN	D	-0.01%
CAF	B	-0.01%
BKNG	C	-0.01%
BHP	F	-0.01%
BG	C	-0.01%
HON	C	-0.01%
IBM	D	-0.01%
JCI	C	-0.01%
BAX	F	-0.01%
PG	A	-0.01%
GSK	A	-0.01%
PLD	D	-0.01%
PH	C	-0.01%
EQNR	C	-0.01%
BMO	C	-0.01%
KSA	C	-0.01%
DLR	B	-0.01%
ABT	D	-0.01%
WMT	C	-0.01%
STLA	D	-0.01%
EDF	A	-0.01%
DT	F	-0.01%
COE	C	-0.01%
CAN	F	-0.01%
BGB	A	-0.01%