RAVI vs. DBAW ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW)

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

$75.35

Average Daily Volume

56,272

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.99

Average Daily Volume

9,862

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	DBAW
30 Days	0.52%	6.41%
60 Days	0.95%	5.58%
90 Days	1.39%	8.51%
12 Months	5.45%	19.03%

3 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in DBAW	Overlap
ABBV	D	0.13%	0.31%	0.13%
MUFG	D	0.14%	0.41%	0.14%
TD	F	0.51%	0.37%	0.37%

RAVI Overweight 99 Positions Relative to DBAW

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

RAVI Underweight 79 Positions Relative to DBAW

Symbol	Grade	Weight
TM	D	-0.9%
NVS	B	-0.75%
BABA	C	-0.59%
UL	A	-0.49%
SONY	F	-0.36%
PDD	B	-0.3%
DEO	F	-0.29%
SHOP	F	-0.28%
SMFG	A	-0.27%
CNI	D	-0.25%
IBN	B	-0.25%
HMC	F	-0.2%
MFG	C	-0.18%
HDB	F	-0.18%
STLA	D	-0.17%
VALE	C	-0.16%
BCS	A	-0.15%
LYG	A	-0.15%
E	B	-0.13%
FLUT	C	-0.13%
BIDU	D	-0.12%
GOLD	C	-0.11%
TCOM	B	-0.1%
SE	B	-0.09%
KB	B	-0.08%
CHT	B	-0.06%
TEVA	C	-0.06%
UMC	C	-0.06%
LI	F	-0.06%
NMR	D	-0.06%
AER	B	-0.06%
LOGI	C	-0.05%
RBA	C	-0.05%
CHKP	D	-0.05%
YUMC	D	-0.05%
SHG	C	-0.05%
CCEP	B	-0.05%
BEKE	C	-0.04%
ABEV	D	-0.04%
TME	B	-0.04%
BAP	D	-0.04%
XRX	F	-0.04%
NIO	D	-0.03%
ZTO	C	-0.03%
BGNE	D	-0.03%
OTEX	F	-0.03%
ASAI	D	-0.03%
SCCO	A	-0.03%
HTHT	C	-0.03%
QGEN	B	-0.03%
CYBR	D	-0.03%
XPEV	D	-0.02%
BZ	B	-0.02%
LEGN	F	-0.02%
KEP	D	-0.02%
TAL	C	-0.02%
BCH	B	-0.02%
GGB	C	-0.02%
VIPS	D	-0.02%
MNDY	C	-0.02%
AGCO	F	-0.02%
WIX	C	-0.02%
WIT	D	-0.02%
GRAB	C	-0.02%
IQ	C	-0.01%
QFIN	B	-0.01%
ATHM	C	-0.01%
DOOO	D	-0.01%
LPL	F	-0.01%
SKM	C	-0.01%
CSAN	F	-0.01%
BILI	C	-0.01%
GLBE	F	-0.01%
SBSW	C	-0.01%
FUTU	B	-0.01%
BVN	B	-0.01%
WFG	D	-0.01%
YNDX	C	-0.0%
KT	D	-0.0%

DBAW: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Software - Application Banks - Global Specialty Retail Telecom Services Banks - Regional - Latin America Biotechnology Capital Markets Consumer Electronics Drug Manufacturers - Major Gold Industrial Metals & Minerals Information Technology Services Airports & Air Services Banks - Regional - Europe Beverages - Brewers Beverages - Soft Drinks Beverages - Wineries & Distilleries