RAVI vs. CBLS ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Changebridge Capital Long/Short Equity ETF (CBLS)

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

$75.24

Average Daily Volume

54,572

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.06

Average Daily Volume

4,426

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	CBLS
30 Days	0.47%	3.62%
60 Days	0.88%	7.93%
90 Days	1.38%	12.59%
12 Months	5.45%	16.43%

1 Overlapping Holdings

	Symbol	Grade	Weight in RAVI	Weight in CBLS	Overlap
	NVDA	C	0.52%	2.73%	0.52%

RAVI Overweight 101 Positions Relative to CBLS

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

RAVI Underweight 69 Positions Relative to CBLS

Symbol	Grade	Weight
SKY	D	-2.83%
STRL	B	-2.78%
MU	B	-2.73%
ASML	D	-2.69%
RDFN	D	-2.62%
MMYT	B	-2.6%
AVGO	D	-2.59%
TCOM	B	-2.57%
HUMA	B	-2.56%
AAPL	B	-2.53%
TDG	A	-2.41%
NU	C	-2.33%
MSFT	D	-2.3%
GTLS	B	-2.3%
OSW	A	-2.28%
TMDX	B	-2.27%
INDI	F	-2.26%
LRCX	D	-2.23%
BLBD	C	-2.21%
SN	A	-2.21%
WTTR	B	-2.17%
ERJ	B	-2.16%
HLX	B	-2.16%
ECL	A	-2.11%
PANW	B	-2.11%
ICFI	C	-2.08%
NARI	D	-2.07%
TSM	C	-2.03%
DKNG	D	-2.01%
DXCM	D	-1.99%
IBN	B	-1.88%
BKNG	C	-1.85%
RTX	A	-1.81%
FCX	B	-1.8%
GD	A	-1.76%
CHK	B	-1.75%
FTI	A	-1.66%
BBY	D	--0.67%
SIG	D	--0.74%
MIDD	D	--0.78%
CTVA	A	--0.8%
CWAN	D	--0.84%
TSLA	D	--0.91%
BXP	F	--0.92%
MPW	D	--0.94%
F	D	--0.94%
INTC	F	--0.96%
BC	D	--0.97%
DOOO	C	--0.98%
BX	D	--0.99%
IBM	D	--0.99%
CHH	C	--1.0%
ONON	C	--1.0%
APO	C	--1.0%
HOG	D	--1.0%
AVY	A	--1.0%
KKR	C	--1.02%
SOFI	F	--1.03%
EWBC	A	--1.06%
CMA	B	--1.08%
MTB	A	--1.09%
ZION	B	--1.1%
WAL	B	--1.11%
PAYX	C	--1.2%
ENR	C	--1.31%
UTHR	A	--1.37%
FIGS	F	--1.38%
LAD	D	--1.41%
BGFV	F	--1.45%