RAVI vs. GLOF ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares Global Equity Factor ETF (GLOF)

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

$75.48

Average Daily Volume

73,267

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

GLOF

iShares Global Equity Factor ETF

GLOF Description

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to contain equity securities from the MSCI ACWI Index (the parent index) that have high exposure to four investment style factors: value, quality, momentum and low size, while maintaining a level of risk similar to that of the parent index.

Grade (RS Rating)

Last Trade

$44.89

Average Daily Volume

4,372

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	GLOF
30 Days	0.40%	1.85%
60 Days	0.65%	0.00%
90 Days	1.23%	2.36%
12 Months	5.50%	26.16%

30 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in GLOF	Overlap
ABBV	D	0.13%	0.62%	0.13%
AMZN	C	0.42%	2.18%	0.42%
AZO	C	0.52%	0.42%	0.42%
BAC	A	0.57%	0.22%	0.22%
BMY	B	0.43%	0.36%	0.36%
CAT	B	0.26%	0.04%	0.04%
COF	B	0.06%	0.35%	0.06%
CVS	D	0.16%	0.1%	0.1%
CVX	B	0.33%	0.06%	0.06%
DELL	C	0.28%	0.34%	0.28%
DHR	D	0.86%	0.01%	0.01%
DTE	C	0.77%	0.09%	0.09%
FOXA	C	0.21%	0.09%	0.09%
GILD	B	0.59%	0.27%	0.27%
GM	B	0.1%	0.08%	0.08%
GS	B	0.26%	0.13%	0.13%
HPE	B	0.11%	0.32%	0.11%
JPM	B	0.03%	0.94%	0.03%
LYB	F	0.83%	0.18%	0.18%
MDLZ	F	0.09%	0.05%	0.05%
MUFG	B	0.14%	0.22%	0.14%
NDAQ	A	0.31%	0.06%	0.06%
NVDA	C	0.52%	4.5%	0.52%
PCAR	B	0.05%	0.01%	0.01%
SBUX	B	0.18%	0.19%	0.18%
T	A	0.3%	0.35%	0.3%
UNH	B	0.43%	0.73%	0.43%
VLO	C	1.51%	0.13%	0.13%
VZ	B	0.1%	0.1%	0.1%
WFC	A	0.26%	0.17%	0.17%

RAVI Overweight 71 Positions Relative to GLOF

Symbol	Grade	Weight
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
PYPL	A	0.95%
KDP	D	0.95%
GE	D	0.76%
TSN	B	0.7%
WM	A	0.69%
CI	D	0.67%
CM	A	0.62%
GP	F	0.59%
TFC	B	0.59%
AIG	B	0.57%
SJM	D	0.57%
NEE	D	0.57%
BNS	A	0.52%
D	C	0.51%
BDX	F	0.51%
TD	F	0.51%
RY	B	0.51%
SYK	C	0.49%
CCI	D	0.49%
AON	A	0.46%
SCHW	A	0.42%
CRM	B	0.4%
VFC	C	0.39%
OGE	A	0.39%
ETR	B	0.38%
AEP	D	0.38%
ARCC	A	0.3%
HSBC	B	0.29%
CFG	B	0.29%
MLM	B	0.28%
CMCSA	C	0.28%
DB	D	0.28%
CP	D	0.27%
CLX	C	0.26%
LEN	C	0.26%
SO	D	0.26%
ATHS	C	0.26%
AL	A	0.25%
C	A	0.24%
CMS	C	0.24%
FIS	D	0.23%
MCHP	F	0.22%
FITB	B	0.22%
PPL	B	0.22%
NYC	D	0.21%
CNP	A	0.2%
LUV	B	0.18%
MKC	D	0.17%
AEE	A	0.17%
BHF	B	0.17%
KEY	A	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	C	0.16%
AZN	F	0.15%
NWG	C	0.15%
BA	D	0.15%
ICE	D	0.15%
MET	A	0.13%
DHI	D	0.13%
AMT	D	0.13%
CNH	A	0.13%
EFX	D	0.1%
R	B	0.08%
HRL	D	0.07%
ROP	B	0.07%
DUK	C	0.07%
MS	B	0.06%

RAVI Underweight 159 Positions Relative to GLOF

Symbol	Grade	Weight
AAPL	B	-4.28%
MSFT	D	-4.06%
GOOG	C	-2.61%
META	D	-1.35%
AVGO	D	-1.19%
BKNG	B	-0.77%
V	A	-0.76%
LLY	F	-0.73%
PG	A	-0.72%
HD	A	-0.7%
FTNT	C	-0.65%
LOW	C	-0.65%
WMT	B	-0.65%
FICO	B	-0.62%
MCK	C	-0.61%
PEP	F	-0.61%
JNJ	D	-0.6%
SYF	A	-0.58%
TEAM	B	-0.57%
MCD	D	-0.53%
MA	B	-0.52%
AMP	B	-0.51%
COST	B	-0.51%
CDNS	B	-0.51%
INTU	C	-0.5%
MSI	C	-0.49%
CTAS	B	-0.48%
BLDR	C	-0.48%
TT	B	-0.44%
VST	B	-0.43%
MRK	F	-0.42%
KR	A	-0.42%
LII	A	-0.42%
ORCL	C	-0.4%
DOCU	A	-0.39%
BBY	D	-0.39%
NOW	B	-0.37%
MTD	F	-0.37%
TSLA	B	-0.37%
FERG	B	-0.36%
XOM	C	-0.36%
TXN	D	-0.35%
QCOM	F	-0.35%
TMO	F	-0.34%
MFG	B	-0.34%
AMAT	F	-0.33%
ORLY	B	-0.33%
PANW	C	-0.33%
IT	C	-0.33%
MSCI	C	-0.32%
EBAY	C	-0.31%
TGT	F	-0.31%
KLAC	F	-0.3%
ELV	F	-0.3%
CRWD	B	-0.29%
STLD	B	-0.29%
MELI	C	-0.29%
ACN	B	-0.29%
HPQ	B	-0.28%
PM	B	-0.27%
HOLX	D	-0.25%
ABT	B	-0.25%
CSCO	A	-0.24%
ALLY	C	-0.24%
ABNB	C	-0.24%
GWW	A	-0.24%
ANET	C	-0.23%
PHM	C	-0.22%
YUM	B	-0.22%
SNPS	B	-0.22%
MPC	F	-0.21%
PFE	D	-0.21%
AXP	A	-0.21%
KO	D	-0.2%
NVR	D	-0.2%
DVA	B	-0.2%
MOH	F	-0.2%
PSA	C	-0.2%
FNF	B	-0.2%
AMGN	D	-0.2%
NUE	D	-0.2%
LRCX	F	-0.2%
SPGI	C	-0.2%
DFS	B	-0.19%
ADBE	C	-0.19%
BRK.A	B	-0.19%
AFL	B	-0.18%
LIN	D	-0.18%
ETN	A	-0.18%
EMR	A	-0.18%
STT	A	-0.18%
VLTO	C	-0.17%
MAS	C	-0.17%
HUBS	B	-0.17%
LI	F	-0.16%
TRV	B	-0.16%
VRTX	D	-0.15%
ZS	C	-0.14%
HUM	C	-0.14%
MRO	B	-0.14%
SIRI	C	-0.13%
GEHC	F	-0.13%
HSY	F	-0.13%
COP	D	-0.13%
NTAP	C	-0.12%
BLK	C	-0.12%
UNP	C	-0.11%
URI	B	-0.11%
EG	C	-0.1%
CDW	F	-0.1%
PFG	C	-0.1%
BK	A	-0.1%
A	D	-0.09%
UBER	D	-0.09%
SMFG	A	-0.09%
NKE	F	-0.08%
DE	B	-0.08%
NWS	B	-0.08%
TM	D	-0.08%
IBM	C	-0.08%
SPG	C	-0.08%
DOW	F	-0.08%
IDXX	F	-0.07%
LULU	C	-0.07%
CF	B	-0.07%
TJX	A	-0.06%
ULTA	F	-0.06%
CRH	A	-0.06%
LINE	F	-0.05%
FWONA	A	-0.05%
PAYX	B	-0.05%
PH	A	-0.05%
CHTR	C	-0.05%
CPNG	D	-0.05%
FRT	A	-0.04%
DOX	D	-0.04%
TSCO	C	-0.04%
EA	C	-0.04%
MCO	A	-0.03%
QRVO	F	-0.03%
MRNA	F	-0.03%
MTCH	F	-0.03%
NI	A	-0.03%
REG	B	-0.03%
WIT	A	-0.02%
STX	D	-0.02%
OMC	C	-0.02%
CSX	B	-0.02%
GL	C	-0.02%
VICI	C	-0.02%
WY	D	-0.02%
BIIB	F	-0.02%
MOS	F	-0.02%
VRSN	F	-0.02%
MDT	D	-0.01%
OKTA	C	-0.01%
VEEV	B	-0.01%
PLD	D	-0.01%
CEG	D	-0.01%