RAVI vs. EFIV ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to SPDR S&P 500 ESG ETF (EFIV)

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

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

EFIV

SPDR S&P 500 ESG ETF

EFIV Description

• Seeks to provide investment results that, before fees and expenses, correspond generally to the S&P 500 ESG Index • EFIV is designed to track an index that is designed to select S&P 500 firms meeting certain sustainability criteria (criteria related to environmental, social and governance factors) while maintaining similar overall industry group weights as the S&P 500 Index • EFIV may serve as a potential ESG core exposure, based on its focus on sustainability criteria and comprehensive market coverage of the flagship core S&P 500 Index

Grade (RS Rating)

Last Trade

$57.77

Average Daily Volume

109,257

Number of Holdings ^*

313

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	EFIV
30 Days	0.41%	2.81%
60 Days	0.65%	4.79%
90 Days	1.23%	5.59%
12 Months	5.45%	30.64%

54 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in EFIV	Overlap
ABBV	D	0.13%	0.84%	0.13%
AIG	B	0.57%	0.14%	0.14%
AMT	D	0.13%	0.25%	0.13%
AON	A	0.46%	0.23%	0.23%
BAC	A	0.57%	0.86%	0.57%
BDX	F	0.51%	0.19%	0.19%
BMY	B	0.43%	0.33%	0.33%
C	A	0.24%	0.37%	0.24%
CAT	B	0.26%	0.52%	0.26%
CFG	B	0.29%	0.06%	0.06%
CI	F	0.67%	0.26%	0.26%
CMCSA	B	0.28%	0.47%	0.28%
COF	B	0.06%	0.2%	0.06%
CRM	B	0.4%	0.92%	0.4%
CVS	D	0.16%	0.19%	0.16%
CVX	A	0.33%	0.75%	0.33%
DHI	D	0.13%	0.13%	0.13%
DHR	F	0.86%	0.43%	0.43%
ED	D	1.05%	0.09%	0.09%
ETR	B	0.38%	0.09%	0.09%
FIS	C	0.23%	0.14%	0.14%
FITB	A	0.22%	0.09%	0.09%
GE	D	0.76%	0.55%	0.55%
GILD	C	0.59%	0.32%	0.32%
GM	B	0.1%	0.18%	0.1%
GS	A	0.26%	0.52%	0.26%
HPE	B	0.11%	0.08%	0.08%
HRL	D	0.07%	0.02%	0.02%
ICE	C	0.15%	0.25%	0.15%
JPM	A	0.03%	1.91%	0.03%
KDP	D	0.95%	0.11%	0.11%
KEY	B	0.16%	0.05%	0.05%
LYB	F	0.83%	0.06%	0.06%
MDLZ	F	0.09%	0.25%	0.09%
MET	A	0.13%	0.13%	0.13%
MKC	D	0.17%	0.05%	0.05%
MS	A	0.06%	0.46%	0.06%
NDAQ	A	0.31%	0.09%	0.09%
NEE	D	0.57%	0.42%	0.42%
NVDA	C	0.52%	10.02%	0.52%
OTIS	C	0.95%	0.11%	0.11%
PCAR	B	0.05%	0.17%	0.05%
PSX	C	0.16%	0.15%	0.15%
PYPL	B	0.95%	0.25%	0.25%
SBUX	A	0.18%	0.32%	0.18%
SCHW	B	0.42%	0.33%	0.33%
SJM	D	0.57%	0.03%	0.03%
SYK	C	0.49%	0.37%	0.37%
T	A	0.3%	0.45%	0.3%
TFC	A	0.59%	0.17%	0.17%
TSN	B	0.7%	0.05%	0.05%
UNH	C	0.43%	1.56%	0.43%
VLO	C	1.51%	0.12%	0.12%
WM	A	0.69%	0.23%	0.23%

RAVI Overweight 47 Positions Relative to EFIV

Symbol	Grade	Weight
OGS	A	1.05%
DTE	C	0.77%
CM	A	0.62%
GP	F	0.59%
AZO	C	0.52%
BNS	A	0.52%
D	C	0.51%
TD	F	0.51%
RY	A	0.51%
CCI	D	0.49%
AMZN	C	0.42%
VFC	C	0.39%
OGE	B	0.39%
AEP	D	0.38%
ARCC	A	0.3%
HSBC	B	0.29%
MLM	B	0.28%
DELL	C	0.28%
DB	D	0.28%
CP	D	0.27%
WFC	A	0.26%
CLX	B	0.26%
LEN	D	0.26%
SO	D	0.26%
ATHS	C	0.26%
AL	B	0.25%
CMS	C	0.24%
MCHP	D	0.22%
PPL	B	0.22%
FOXA	B	0.21%
NYC	D	0.21%
CNP	B	0.2%
LUV	C	0.18%
AEE	A	0.17%
BHF	B	0.17%
SEB	F	0.16%
UBS	C	0.16%
AZN	D	0.15%
NWG	C	0.15%
BA	F	0.15%
MUFG	B	0.14%
CNH	C	0.13%
EFX	F	0.1%
VZ	C	0.1%
R	B	0.08%
ROP	B	0.07%
DUK	C	0.07%

RAVI Underweight 259 Positions Relative to EFIV

Symbol	Grade	Weight
AAPL	C	-9.53%
MSFT	F	-8.8%
GOOGL	C	-2.92%
TSLA	B	-2.55%
GOOG	C	-2.42%
LLY	F	-1.79%
XOM	B	-1.5%
V	A	-1.44%
MA	C	-1.2%
COST	B	-1.15%
HD	A	-1.13%
PG	A	-1.09%
WMT	A	-1.03%
MRK	F	-0.7%
KO	D	-0.68%
ADBE	C	-0.66%
CSCO	B	-0.66%
ACN	C	-0.65%
AMD	F	-0.63%
PEP	F	-0.63%
LIN	D	-0.61%
MCD	D	-0.59%
ABT	B	-0.56%
DIS	B	-0.52%
QCOM	F	-0.5%
AXP	A	-0.45%
AMGN	D	-0.45%
SPGI	C	-0.45%
LOW	D	-0.43%
UBER	D	-0.42%
AMAT	F	-0.42%
UNP	C	-0.41%
ETN	A	-0.41%
BLK	C	-0.4%
TJX	A	-0.38%
BSX	B	-0.36%
ADP	B	-0.35%
FI	A	-0.34%
TMUS	B	-0.33%
MU	D	-0.31%
MMC	B	-0.31%
MDT	D	-0.31%
INTC	D	-0.3%
CB	C	-0.3%
PLD	D	-0.3%
DE	A	-0.28%
ELV	F	-0.27%
LRCX	F	-0.27%
UPS	C	-0.27%
NKE	D	-0.26%
TT	A	-0.26%
SHW	A	-0.25%
PH	A	-0.25%
REGN	F	-0.24%
EQIX	A	-0.24%
KLAC	D	-0.24%
CMG	B	-0.23%
CME	A	-0.23%
PNC	B	-0.23%
WELL	A	-0.22%
USB	A	-0.22%
ZTS	D	-0.22%
ITW	B	-0.21%
CL	D	-0.21%
EMR	A	-0.21%
MCO	B	-0.21%
CTAS	B	-0.21%
CSX	B	-0.2%
TGT	F	-0.2%
MAR	B	-0.19%
ADSK	A	-0.19%
WMB	A	-0.19%
APD	A	-0.19%
ECL	D	-0.18%
OKE	A	-0.18%
CARR	D	-0.18%
AJG	B	-0.18%
NSC	B	-0.17%
SLB	C	-0.17%
FCX	D	-0.17%
HLT	A	-0.17%
AFL	B	-0.16%
BK	A	-0.16%
JCI	C	-0.16%
URI	B	-0.16%
TRV	B	-0.16%
SRE	A	-0.16%
ALL	A	-0.15%
GWW	B	-0.15%
PSA	D	-0.15%
MPC	D	-0.15%
DLR	B	-0.15%
AMP	A	-0.15%
RCL	A	-0.15%
MSCI	C	-0.14%
CMI	A	-0.14%
KMI	A	-0.14%
AME	A	-0.13%
PAYX	C	-0.13%
ROST	C	-0.13%
NEM	D	-0.13%
PWR	A	-0.13%
DAL	C	-0.12%
IR	B	-0.12%
TRGP	B	-0.12%
BKR	B	-0.12%
PEG	A	-0.12%
COR	B	-0.12%
AXON	A	-0.12%
RSG	A	-0.12%
DFS	B	-0.12%
PRU	A	-0.12%
SYY	B	-0.11%
ACGL	D	-0.11%
YUM	B	-0.11%
EXC	C	-0.11%
A	D	-0.11%
EA	A	-0.11%
KR	B	-0.11%
HES	B	-0.11%
CTVA	C	-0.11%
EW	C	-0.11%
CBRE	B	-0.11%
VRSK	A	-0.11%
HIG	B	-0.1%
OXY	D	-0.1%
RMD	C	-0.1%
WAB	B	-0.1%
EXR	D	-0.1%
HUM	C	-0.1%
MTB	A	-0.1%
IDXX	F	-0.1%
HPQ	B	-0.1%
GIS	D	-0.1%
LULU	C	-0.1%
CNC	D	-0.09%
CAH	B	-0.09%
CSGP	D	-0.09%
DOW	F	-0.09%
EIX	B	-0.09%
WTW	B	-0.09%
ROK	B	-0.09%
AVB	B	-0.09%
FANG	D	-0.09%
IRM	D	-0.09%
DECK	A	-0.08%
HSY	F	-0.08%
DOV	A	-0.08%
KHC	F	-0.08%
STT	A	-0.08%
PPG	F	-0.08%
ON	D	-0.08%
TTWO	A	-0.08%
GPN	B	-0.08%
RJF	A	-0.08%
XYL	D	-0.08%
EBAY	D	-0.08%
TSCO	D	-0.08%
RF	A	-0.07%
HUBB	B	-0.07%
BIIB	F	-0.07%
DVN	F	-0.07%
CCL	B	-0.07%
ADM	D	-0.07%
SW	A	-0.07%
EQR	B	-0.07%
HBAN	A	-0.07%
SYF	B	-0.07%
EQT	B	-0.07%
MTD	D	-0.07%
AWK	D	-0.07%
CPAY	A	-0.07%
PHM	D	-0.07%
BR	A	-0.07%
TROW	B	-0.07%
HAL	C	-0.07%
VTR	C	-0.07%
FTV	C	-0.07%
OMC	C	-0.06%
CBOE	B	-0.06%
WDC	D	-0.06%
NTRS	A	-0.06%
ES	D	-0.06%
K	A	-0.06%
ZBH	C	-0.06%
WY	D	-0.06%
EXPE	B	-0.06%
IFF	D	-0.06%
WAT	B	-0.06%
SBAC	D	-0.06%
AVY	D	-0.05%
KIM	A	-0.05%
BAX	D	-0.05%
ARE	D	-0.05%
GPC	D	-0.05%
MAS	D	-0.05%
LVS	C	-0.05%
PNR	A	-0.05%
IEX	B	-0.05%
BBY	D	-0.05%
DGX	A	-0.05%
FDS	B	-0.05%
HOLX	D	-0.05%
PFG	D	-0.05%
ULTA	F	-0.05%
BALL	D	-0.05%
JKHY	D	-0.04%
ALB	C	-0.04%
INCY	C	-0.04%
POOL	C	-0.04%
CHRW	C	-0.04%
SWK	D	-0.04%
CAG	D	-0.04%
AKAM	D	-0.04%
UDR	B	-0.04%
MRNA	F	-0.04%
AMCR	D	-0.04%
EL	F	-0.04%
RVTY	F	-0.04%
APTV	D	-0.04%
JBHT	C	-0.04%
DOC	D	-0.04%
CF	B	-0.04%
EG	C	-0.04%
TFX	F	-0.03%
GL	B	-0.03%
MKTX	D	-0.03%
LKQ	D	-0.03%
NWSA	B	-0.03%
CRL	C	-0.03%
IPG	D	-0.03%
AIZ	A	-0.03%
TAP	C	-0.03%
LW	C	-0.03%
BXP	D	-0.03%
TPR	B	-0.03%
NCLH	B	-0.03%
REG	B	-0.03%
KMX	B	-0.03%
ALLE	D	-0.03%
DAY	B	-0.03%
HST	C	-0.03%
WBA	F	-0.02%
PARA	C	-0.02%
BEN	C	-0.02%
FMC	D	-0.02%
DVA	B	-0.02%
MHK	D	-0.02%
BWA	D	-0.02%
IVZ	B	-0.02%
WYNN	D	-0.02%
RL	B	-0.02%
HAS	D	-0.02%
MOS	F	-0.02%
CZR	F	-0.02%
FRT	B	-0.02%
CPB	D	-0.02%
MGM	D	-0.02%
NWS	B	-0.01%