RAVI vs. ISZE ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares MSCI International Developed Size Factor ETF (ISZE)

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

$75.57

Average Daily Volume

75,409

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

ISZE

iShares MSCI International Developed Size Factor ETF

ISZE Description

The investment seeks to track the investment results of the MSCI World ex USA Risk Weighted Index. The fund generally will invest at least 90% 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 and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index. The index is based on a traditional market capitalization-weighted parent index, the MSCI World ex USA Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.48

Average Daily Volume

1,411

Number of Holdings ^*

35

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	ISZE
30 Days	0.61%	-5.58%
60 Days	1.15%	-3.23%
90 Days	1.17%	-4.09%
12 Months	5.32%	4.43%

2 Overlapping Holdings

	Symbol	Grade	Weight in RAVI	Weight in ISZE	Overlap
	ABBV	C	0.13%	0.13%	0.13%
	MUFG	D	0.14%	0.13%	0.13%

RAVI Overweight 99 Positions Relative to ISZE

	Symbol	Grade	Weight
	VLO	F	1.51%
	ED	C	1.05%
	OGS	B	1.05%
	OTIS	C	0.95%
	PYPL	B	0.95%
	KDP	B	0.95%
	DHR	C	0.86%
	LYB	F	0.83%
	DTE	B	0.77%
	GE	A	0.76%
	TSN	D	0.7%
	WM	D	0.69%
	CI	C	0.67%
	CM	A	0.62%
	GP	D	0.59%
	GILD	B	0.59%
	TFC	D	0.59%
	AIG	D	0.57%
	SJM	C	0.57%
	NEE	C	0.57%
	BAC	D	0.57%
	AZO	D	0.52%
	NVDA	D	0.52%
	BNS	A	0.52%
	D	B	0.51%
	BDX	F	0.51%
	TD	A	0.51%
	RY	C	0.51%
	SYK	C	0.49%
	CCI	C	0.49%
	AON	B	0.46%
	UNH	C	0.43%
	BMY	C	0.43%
	AMZN	C	0.42%
	SCHW	D	0.42%
	CRM	D	0.4%
	VFC	C	0.39%
	OGE	B	0.39%
	ETR	A	0.38%
	AEP	C	0.38%
	CVX	D	0.33%
	NDAQ	A	0.31%
	ARCC	B	0.3%
	T	C	0.3%
	HSBC	B	0.29%
	CFG	C	0.29%
	MLM	D	0.28%
	DELL	C	0.28%
	CMCSA	D	0.28%
	DB	B	0.28%
	CP	C	0.27%
	WFC	D	0.26%
	CAT	B	0.26%
	CLX	C	0.26%
	LEN	C	0.26%
	SO	A	0.26%
	ATHS	A	0.26%
	GS	C	0.26%
	AL	D	0.25%
	C	D	0.24%
	CMS	B	0.24%
	FIS	B	0.23%
	MCHP	D	0.22%
	FITB	B	0.22%
	PPL	B	0.22%
	FOXA	B	0.21%
	NYC	C	0.21%
	CNP	D	0.2%
	SBUX	C	0.18%
	LUV	C	0.18%
	MKC	C	0.17%
	AEE	A	0.17%
	BHF	D	0.17%
	CVS	F	0.16%
	KEY	B	0.16%
	SEB	C	0.16%
	UBS	D	0.16%
	PSX	D	0.16%
	AZN	D	0.15%
	NWG	C	0.15%
	BA	F	0.15%
	ICE	C	0.15%
	MET	A	0.13%
	DHI	C	0.13%
	AMT	C	0.13%
	CNH	D	0.13%
	HPE	D	0.11%
	EFX	C	0.1%
	GM	B	0.1%
	VZ	B	0.1%
	MDLZ	C	0.09%
	R	B	0.08%
	HRL	D	0.07%
	ROP	C	0.07%
	DUK	B	0.07%
	COF	A	0.06%
	MS	C	0.06%
	PCAR	D	0.05%
	JPM	D	0.03%

RAVI Underweight 33 Positions Relative to ISZE

	Symbol	Grade	Weight
	SONY	C	-0.18%
	GLBE	C	-0.16%
	STM	F	-0.15%
	NMR	D	-0.14%
	CYBR	C	-0.14%
	CHKP	A	-0.14%
	XRX	F	-0.14%
	TEVA	D	-0.13%
	LOGI	D	-0.13%
	LYG	B	-0.13%
	SMFG	D	-0.13%
	AER	B	-0.13%
	DOOO	D	-0.13%
	TM	F	-0.12%
	CNI	D	-0.12%
	NVS	C	-0.12%
	MNDY	A	-0.12%
	UL	C	-0.12%
	SE	A	-0.12%
	GRAB	B	-0.12%
	BCS	B	-0.12%
	GOLD	B	-0.12%
	CCEP	B	-0.12%
	MFG	D	-0.12%
	AGCO	D	-0.12%
	WIX	D	-0.11%
	E	C	-0.11%
	GIB	C	-0.11%
	FUTU	D	-0.11%
	DEO	D	-0.1%
	STLA	F	-0.1%
	HMC	D	-0.1%
	NVO	D	-0.1%

RAVI: Top Represented Industries & Keywords

Industries: Banks - Global Utilities - Regulated Electric Banks - Regional - US Drug Manufacturers - Major Capital Markets Health Care Plans Packaged Foods Telecom Services Auto Manufacturers Business Services Credit Services Farm & Construction Equipment Financial Data & Stock Exchanges Insurance - Life Oil & Gas Refining & Marketing Rental & Leasing Services Residential Construction Semiconductors Specialty Industrial Machinery Specialty Retail

Keywords: S&P 500 Bank Banking Electricity Financial Products Natural Gas Nasdaq 100 Commercial Banking Investment Bank Cash Management Investment Banking Dow Jones Component Asset Management Services Insurance Investment Product Wealth Management Gas Transmission Insurance Products Natural Gas Transmission Primary Dealers

ISZE: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Software - Application Capital Markets Drug Manufacturers - Major Information Technology Services Airports & Air Services Banks - Regional - Asia Banks - Regional - Europe Beverages - Soft Drinks Beverages - Wineries & Distilleries Biotechnology Computer Systems Consumer Electronics Drug Manufacturers - Specialty & Generic Electronic Gaming & Multimedia Farm & Construction Equipment Gold Household & Personal Products Internet Content & Information

Keywords: Asset Management Bank Banking Financial Products Investment Banking Investment Banking Services Transport Advisory Services Cars Cash Management Services Corporate Banking Insurance Products Investment Bank Investment Product Pharmaceutical Structured Finance Telecommunications Wealth Management Services Active Pharmaceutical Ingredients Alcohol