RAVI vs. HELO ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.59

Average Daily Volume

279,342

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	HELO
30 Days	0.38%	0.90%
60 Days	0.67%	3.36%
90 Days	1.22%	4.41%
12 Months	5.43%	20.70%

33 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in HELO	Overlap
ABBV	F	0.13%	1.14%	0.13%
AMZN	C	0.42%	4.5%	0.42%
AON	A	0.46%	0.44%	0.44%
AZO	C	0.52%	0.65%	0.52%
BAC	A	0.57%	1.26%	0.57%
BMY	B	0.43%	0.68%	0.43%
C	A	0.24%	0.3%	0.24%
CI	D	0.67%	0.34%	0.34%
CMCSA	B	0.28%	0.71%	0.28%
CMS	C	0.24%	0.1%	0.1%
CRM	B	0.4%	1.15%	0.4%
CVX	A	0.33%	0.18%	0.18%
DHR	F	0.86%	0.44%	0.44%
FIS	C	0.23%	0.52%	0.23%
FITB	B	0.22%	0.48%	0.22%
GS	A	0.26%	0.75%	0.26%
HPE	B	0.11%	0.18%	0.11%
LEN	D	0.26%	0.14%	0.14%
LYB	F	0.83%	0.23%	0.23%
MDLZ	F	0.09%	0.72%	0.09%
MET	A	0.13%	0.3%	0.13%
MLM	C	0.28%	0.16%	0.16%
NEE	C	0.57%	0.83%	0.57%
NVDA	B	0.52%	7.8%	0.52%
OTIS	C	0.95%	0.5%	0.5%
PCAR	B	0.05%	0.18%	0.05%
SCHW	B	0.42%	0.42%	0.42%
SO	C	0.26%	0.84%	0.26%
SYK	B	0.49%	0.76%	0.49%
T	A	0.3%	0.18%	0.18%
TFC	A	0.59%	0.56%	0.56%
UNH	B	0.43%	1.62%	0.43%
WFC	A	0.26%	1.0%	0.26%

RAVI Overweight 68 Positions Relative to HELO

Symbol	Grade	Weight
VLO	C	1.51%
ED	C	1.05%
OGS	A	1.05%
PYPL	B	0.95%
KDP	F	0.95%
DTE	C	0.77%
GE	D	0.76%
TSN	B	0.7%
WM	B	0.69%
CM	A	0.62%
GP	F	0.59%
GILD	C	0.59%
AIG	B	0.57%
SJM	D	0.57%
BNS	A	0.52%
D	C	0.51%
BDX	F	0.51%
TD	D	0.51%
RY	A	0.51%
CCI	C	0.49%
VFC	C	0.39%
OGE	A	0.39%
ETR	B	0.38%
AEP	C	0.38%
NDAQ	A	0.31%
ARCC	A	0.3%
HSBC	A	0.29%
CFG	B	0.29%
DELL	B	0.28%
DB	D	0.28%
CP	F	0.27%
CAT	B	0.26%
CLX	A	0.26%
ATHS	D	0.26%
AL	B	0.25%
MCHP	F	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%
MKC	C	0.17%
AEE	A	0.17%
BHF	C	0.17%
CVS	D	0.16%
KEY	B	0.16%
SEB	F	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%
DHI	F	0.13%
AMT	C	0.13%
CNH	C	0.13%
EFX	F	0.1%
GM	C	0.1%
VZ	C	0.1%
R	B	0.08%
HRL	D	0.07%
ROP	B	0.07%
DUK	C	0.07%
COF	C	0.06%
MS	A	0.06%
JPM	A	0.03%

RAVI Underweight 128 Positions Relative to HELO

Symbol	Grade	Weight
MSFT	D	-7.13%
AAPL	C	-6.83%
META	D	-2.9%
GOOGL	C	-2.09%
MA	B	-1.72%
TSLA	B	-1.58%
BRK.A	B	-1.53%
V	A	-1.49%
GOOG	C	-1.46%
XOM	B	-1.43%
LLY	F	-1.07%
AVGO	D	-1.02%
LOW	C	-0.99%
HON	C	-0.98%
TT	A	-0.96%
NOW	A	-0.94%
TMO	F	-0.89%
TXN	C	-0.87%
PEP	F	-0.83%
LIN	C	-0.82%
COP	C	-0.81%
MCD	D	-0.81%
BKNG	A	-0.75%
PGR	A	-0.75%
NXPI	D	-0.72%
ADI	D	-0.72%
DE	B	-0.68%
KO	D	-0.63%
HWM	A	-0.62%
VRTX	D	-0.6%
CME	B	-0.59%
UBER	F	-0.58%
MU	D	-0.57%
UPS	C	-0.54%
COST	A	-0.53%
BSX	A	-0.52%
TDG	D	-0.52%
INTU	B	-0.51%
CMG	B	-0.51%
JNJ	C	-0.51%
PLD	F	-0.5%
PCG	A	-0.5%
YUM	D	-0.5%
CTSH	B	-0.49%
CPAY	A	-0.47%
EOG	A	-0.47%
CARR	C	-0.46%
MDT	D	-0.46%
REGN	F	-0.45%
AMD	F	-0.45%
ROST	D	-0.44%
STX	C	-0.41%
CSX	C	-0.41%
LDOS	C	-0.39%
DLR	B	-0.39%
VTR	B	-0.39%
ETN	A	-0.38%
LRCX	F	-0.37%
ORCL	A	-0.36%
HLT	A	-0.36%
DOW	F	-0.35%
TRV	B	-0.34%
RCL	A	-0.34%
FDX	B	-0.33%
USB	A	-0.33%
PM	B	-0.32%
MNST	C	-0.32%
SBAC	D	-0.31%
FANG	C	-0.31%
DIS	B	-0.31%
CHD	A	-0.3%
EXPE	B	-0.29%
TXT	D	-0.29%
WELL	A	-0.27%
KVUE	A	-0.26%
CHTR	C	-0.25%
BKR	A	-0.24%
BURL	B	-0.24%
MRK	D	-0.24%
IR	B	-0.23%
DAL	B	-0.23%
MAS	D	-0.23%
PPG	F	-0.21%
ACN	B	-0.21%
AXP	A	-0.21%
BBY	D	-0.2%
AMP	A	-0.2%
KKR	A	-0.2%
ABT	B	-0.19%
ELS	C	-0.19%
ADBE	C	-0.18%
WDC	D	-0.18%
MSI	B	-0.17%
NOC	D	-0.17%
CDNS	B	-0.17%
UNP	C	-0.17%
TMUS	B	-0.17%
MCK	A	-0.16%
HUM	C	-0.16%
MO	A	-0.15%
ANET	C	-0.15%
PG	C	-0.14%
MMC	B	-0.14%
TGT	F	-0.14%
SQ	A	-0.14%
URI	C	-0.13%
LULU	C	-0.13%
PFG	D	-0.13%
BIIB	F	-0.12%
FICO	B	-0.12%
NUE	C	-0.11%
HCA	F	-0.11%
DASH	B	-0.11%
VST	A	-0.1%
APTV	F	-0.1%
WMG	D	-0.1%
NBIX	C	-0.08%
EQIX	A	-0.07%
SIRI	C	-0.07%
EQT	B	-0.06%
BAX	F	-0.06%
MRVL	B	-0.06%
AME	A	-0.06%
EL	F	-0.05%
NRG	B	-0.04%
BMRN	F	-0.03%
SRPT	F	-0.03%
LKQ	F	-0.02%