RAVI vs. FSTA ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Fidelity MSCI Consumer Staples Index ETF (FSTA)

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

FSTA

Fidelity MSCI Consumer Staples Index ETF

FSTA Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Staples Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Staples Index, which represents the performance of the consumer staples sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Staples Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.39

Average Daily Volume

103,159

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	FSTA
30 Days	0.38%	0.53%
60 Days	0.67%	0.20%
90 Days	1.22%	1.37%
12 Months	5.43%	20.74%

8 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in FSTA	Overlap
CLX	A	0.26%	0.77%	0.26%
HRL	D	0.07%	0.36%	0.07%
KDP	F	0.95%	1.35%	0.95%
MDLZ	F	0.09%	2.97%	0.09%
MKC	C	0.17%	0.71%	0.17%
SEB	F	0.16%	0.09%	0.09%
SJM	D	0.57%	0.47%	0.47%
TSN	B	0.7%	0.68%	0.68%

RAVI Overweight 93 Positions Relative to FSTA

Symbol	Grade	Weight
VLO	C	1.51%
ED	C	1.05%
OGS	A	1.05%
OTIS	C	0.95%
PYPL	B	0.95%
DHR	F	0.86%
LYB	F	0.83%
DTE	C	0.77%
GE	D	0.76%
WM	B	0.69%
CI	D	0.67%
CM	A	0.62%
GP	F	0.59%
GILD	C	0.59%
TFC	A	0.59%
AIG	B	0.57%
NEE	C	0.57%
BAC	A	0.57%
AZO	C	0.52%
NVDA	B	0.52%
BNS	A	0.52%
D	C	0.51%
BDX	F	0.51%
TD	D	0.51%
RY	A	0.51%
SYK	B	0.49%
CCI	C	0.49%
AON	A	0.46%
UNH	B	0.43%
BMY	B	0.43%
AMZN	C	0.42%
SCHW	B	0.42%
CRM	B	0.4%
VFC	C	0.39%
OGE	A	0.39%
ETR	B	0.38%
AEP	C	0.38%
CVX	A	0.33%
NDAQ	A	0.31%
ARCC	A	0.3%
T	A	0.3%
HSBC	A	0.29%
CFG	B	0.29%
MLM	C	0.28%
DELL	B	0.28%
CMCSA	B	0.28%
DB	D	0.28%
CP	F	0.27%
WFC	A	0.26%
CAT	B	0.26%
LEN	D	0.26%
SO	C	0.26%
ATHS	D	0.26%
GS	A	0.26%
AL	B	0.25%
C	A	0.24%
CMS	C	0.24%
FIS	C	0.23%
MCHP	F	0.22%
FITB	B	0.22%
PPL	A	0.22%
FOXA	A	0.21%
NYC	D	0.21%
CNP	A	0.2%
SBUX	A	0.18%
LUV	C	0.18%
AEE	A	0.17%
BHF	C	0.17%
CVS	D	0.16%
KEY	B	0.16%
UBS	B	0.16%
PSX	C	0.16%
AZN	F	0.15%
NWG	A	0.15%
BA	F	0.15%
ICE	C	0.15%
MUFG	B	0.14%
MET	A	0.13%
DHI	F	0.13%
AMT	C	0.13%
CNH	C	0.13%
ABBV	F	0.13%
HPE	B	0.11%
EFX	F	0.1%
GM	C	0.1%
VZ	C	0.1%
R	B	0.08%
ROP	B	0.07%
DUK	C	0.07%
COF	C	0.06%
MS	A	0.06%
PCAR	B	0.05%
JPM	A	0.03%

RAVI Underweight 90 Positions Relative to FSTA

Symbol	Grade	Weight
COST	A	-12.93%
PG	C	-12.26%
WMT	A	-11.77%
KO	D	-7.89%
PM	B	-4.42%
PEP	F	-4.42%
MO	A	-3.19%
TGT	F	-2.43%
CL	D	-2.39%
KVUE	A	-1.54%
KMB	C	-1.53%
MNST	C	-1.46%
KR	B	-1.43%
STZ	D	-1.37%
SYY	D	-1.33%
GIS	D	-1.27%
KHC	F	-1.03%
HSY	F	-0.97%
CHD	A	-0.95%
ADM	D	-0.91%
K	A	-0.81%
DG	F	-0.6%
USFD	A	-0.6%
CASY	A	-0.59%
SFM	A	-0.58%
PFGC	B	-0.53%
EL	F	-0.52%
CAG	F	-0.5%
DLTR	F	-0.49%
TAP	C	-0.48%
BG	D	-0.48%
BJ	A	-0.47%
LW	C	-0.45%
INGR	C	-0.42%
BRBR	A	-0.41%
CPB	D	-0.36%
FRPT	A	-0.33%
DAR	C	-0.3%
COKE	C	-0.3%
ACI	C	-0.29%
ELF	C	-0.29%
POST	C	-0.27%
WBA	F	-0.26%
CALM	A	-0.23%
WDFC	B	-0.23%
FLO	D	-0.21%
SMPL	B	-0.19%
SAM	C	-0.19%
LANC	C	-0.19%
SPB	C	-0.18%
PPC	C	-0.18%
JJSF	C	-0.17%
CELH	F	-0.16%
ENR	B	-0.16%
IPAR	B	-0.16%
PSMT	D	-0.16%
COTY	F	-0.15%
CHEF	A	-0.14%
CENTA	C	-0.14%
FDP	B	-0.14%
TPB	B	-0.13%
GO	C	-0.13%
WMK	C	-0.13%
REYN	D	-0.13%
ANDE	D	-0.13%
UNFI	A	-0.13%
THS	D	-0.12%
EPC	F	-0.12%
FIZZ	C	-0.12%
UVV	B	-0.12%
UTZ	D	-0.11%
IMKTA	C	-0.11%
VITL	D	-0.1%
KLG	B	-0.1%
JBSS	F	-0.09%
AVO	C	-0.08%
HAIN	D	-0.08%
SPTN	D	-0.08%
HLF	C	-0.08%
MGPI	F	-0.07%
NAPA	A	-0.07%
TR	B	-0.06%
USNA	C	-0.06%
CVGW	D	-0.06%
BGS	F	-0.06%
CENT	C	-0.05%
NUS	D	-0.05%
SENEA	A	-0.04%
BYND	F	-0.04%
OLPX	D	-0.03%