RAVI vs. LRGF ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares FactorSelect MSCI USA ETF (LRGF)

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

LRGF

iShares FactorSelect MSCI USA ETF

LRGF Description

The investment seeks to track the investment results of the MSCI USA Diversified Multi-Factor Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is designed to select equity securities from MSCI USA 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.96

Average Daily Volume

91,138

Number of Holdings ^*

272

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	LRGF
30 Days	0.41%	4.57%
60 Days	0.65%	6.07%
90 Days	1.23%	7.74%
12 Months	5.45%	37.24%

46 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in LRGF	Overlap
ABBV	D	0.13%	0.9%	0.13%
AIG	B	0.57%	0.3%	0.3%
AMT	D	0.13%	0.09%	0.09%
AMZN	C	0.42%	3.01%	0.42%
AZO	C	0.52%	0.14%	0.14%
BAC	A	0.57%	0.37%	0.37%
BDX	F	0.51%	0.02%	0.02%
BMY	B	0.43%	0.72%	0.43%
C	A	0.24%	0.15%	0.15%
CAT	B	0.26%	0.26%	0.26%
CI	F	0.67%	0.21%	0.21%
CMCSA	B	0.28%	0.41%	0.28%
COF	B	0.06%	0.22%	0.06%
CRM	B	0.4%	0.12%	0.12%
CVS	D	0.16%	0.17%	0.16%
CVX	A	0.33%	0.54%	0.33%
DELL	C	0.28%	0.35%	0.28%
DTE	C	0.77%	0.13%	0.13%
DUK	C	0.07%	0.21%	0.07%
ED	D	1.05%	0.51%	0.51%
FOXA	B	0.21%	0.25%	0.21%
GE	D	0.76%	0.14%	0.14%
GILD	C	0.59%	0.49%	0.49%
GM	B	0.1%	0.52%	0.1%
GS	A	0.26%	0.59%	0.26%
HPE	B	0.11%	0.48%	0.11%
JPM	A	0.03%	1.64%	0.03%
MCHP	D	0.22%	0.08%	0.08%
MDLZ	F	0.09%	0.1%	0.09%
MET	A	0.13%	0.03%	0.03%
MS	A	0.06%	0.11%	0.06%
NDAQ	A	0.31%	0.22%	0.22%
NEE	D	0.57%	0.17%	0.17%
NVDA	C	0.52%	6.55%	0.52%
OTIS	C	0.95%	0.27%	0.27%
PCAR	B	0.05%	0.23%	0.05%
PSX	C	0.16%	0.01%	0.01%
R	B	0.08%	0.17%	0.08%
SBUX	A	0.18%	0.19%	0.18%
SO	D	0.26%	0.12%	0.12%
SYK	C	0.49%	0.17%	0.17%
T	A	0.3%	0.59%	0.3%
UNH	C	0.43%	0.89%	0.43%
VLO	C	1.51%	0.33%	0.33%
VZ	C	0.1%	0.34%	0.1%
WFC	A	0.26%	0.5%	0.26%

RAVI Overweight 55 Positions Relative to LRGF

Symbol	Grade	Weight
OGS	A	1.05%
PYPL	B	0.95%
KDP	D	0.95%
DHR	F	0.86%
LYB	F	0.83%
TSN	B	0.7%
WM	A	0.69%
CM	A	0.62%
GP	F	0.59%
TFC	A	0.59%
SJM	D	0.57%
BNS	A	0.52%
D	C	0.51%
TD	F	0.51%
RY	A	0.51%
CCI	D	0.49%
AON	A	0.46%
SCHW	B	0.42%
VFC	C	0.39%
OGE	B	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%
DB	D	0.28%
CP	D	0.27%
CLX	B	0.26%
LEN	D	0.26%
ATHS	C	0.26%
AL	B	0.25%
CMS	C	0.24%
FIS	C	0.23%
FITB	A	0.22%
PPL	B	0.22%
NYC	D	0.21%
CNP	B	0.2%
LUV	C	0.18%
MKC	D	0.17%
AEE	A	0.17%
BHF	B	0.17%
KEY	B	0.16%
SEB	F	0.16%
UBS	C	0.16%
AZN	D	0.15%
NWG	C	0.15%
BA	F	0.15%
ICE	C	0.15%
MUFG	B	0.14%
DHI	D	0.13%
CNH	C	0.13%
EFX	F	0.1%
HRL	D	0.07%
ROP	B	0.07%

RAVI Underweight 226 Positions Relative to LRGF

Symbol	Grade	Weight
AAPL	C	-6.35%
MSFT	F	-5.67%
META	D	-2.16%
AVGO	D	-1.82%
GOOG	C	-1.8%
V	A	-1.28%
PG	A	-1.26%
BKNG	A	-1.17%
LLY	F	-1.09%
WMT	A	-1.03%
XOM	B	-0.94%
APP	B	-0.94%
LIN	D	-0.91%
PEP	F	-0.87%
JNJ	D	-0.87%
TSLA	B	-0.76%
MA	C	-0.75%
MCD	D	-0.63%
FICO	B	-0.61%
KO	D	-0.61%
BK	A	-0.61%
TEAM	A	-0.6%
HD	A	-0.58%
LOW	D	-0.58%
MRK	F	-0.57%
MPC	D	-0.57%
COST	B	-0.54%
ABT	B	-0.53%
BLDR	D	-0.53%
AWK	D	-0.52%
BRK.A	B	-0.5%
MCK	B	-0.5%
FTNT	C	-0.49%
AMAT	F	-0.46%
IBKR	A	-0.46%
VST	B	-0.45%
QCOM	F	-0.45%
DUOL	A	-0.44%
SPGI	C	-0.43%
NTNX	A	-0.43%
AMGN	D	-0.42%
AMP	A	-0.41%
GEHC	F	-0.41%
PAYX	C	-0.4%
PM	B	-0.4%
CSCO	B	-0.4%
MELI	D	-0.39%
CTAS	B	-0.38%
ETN	A	-0.38%
AFL	B	-0.38%
SPG	B	-0.38%
MSCI	C	-0.37%
AYI	B	-0.37%
WSM	B	-0.36%
IT	C	-0.36%
HOLX	D	-0.36%
KR	B	-0.35%
MANH	D	-0.34%
DOCU	A	-0.33%
WY	D	-0.33%
DECK	A	-0.32%
CRH	A	-0.32%
TPR	B	-0.32%
INTU	C	-0.31%
PFE	D	-0.31%
KLAC	D	-0.31%
EBAY	D	-0.31%
CR	A	-0.31%
JBL	B	-0.31%
BRX	A	-0.31%
EMR	A	-0.31%
TGT	F	-0.3%
ABNB	C	-0.3%
HRB	D	-0.3%
YUM	B	-0.3%
ANET	C	-0.3%
MLI	C	-0.29%
EQR	B	-0.29%
CNM	D	-0.29%
FERG	B	-0.29%
ELV	F	-0.29%
GTLB	B	-0.28%
PCOR	B	-0.28%
UBER	D	-0.28%
MEDP	D	-0.28%
ADBE	C	-0.28%
MTD	D	-0.27%
ANF	C	-0.27%
EME	C	-0.27%
TMO	F	-0.27%
RS	B	-0.27%
STLD	B	-0.26%
SYF	B	-0.26%
JHG	A	-0.26%
WING	D	-0.26%
ALLY	C	-0.25%
AXP	A	-0.24%
BBY	D	-0.24%
RHI	B	-0.24%
BLK	C	-0.24%
GIS	D	-0.23%
DVA	B	-0.23%
PSA	D	-0.23%
STT	A	-0.22%
AVB	B	-0.22%
MSI	B	-0.22%
CRWD	B	-0.22%
WFRD	D	-0.21%
AN	C	-0.21%
NUE	C	-0.21%
TT	A	-0.21%
ITW	B	-0.21%
TRV	B	-0.2%
SOLV	C	-0.2%
QLYS	C	-0.2%
WEC	A	-0.2%
AMG	B	-0.2%
LRCX	F	-0.2%
HPQ	B	-0.19%
CDNS	B	-0.19%
PRU	A	-0.19%
LMT	D	-0.19%
NFLX	A	-0.19%
VRTX	F	-0.19%
F	C	-0.18%
ESTC	C	-0.18%
CVLT	B	-0.18%
ETSY	D	-0.18%
PANW	C	-0.18%
SNPS	B	-0.18%
IOT	A	-0.17%
DKS	C	-0.17%
EXC	C	-0.16%
ADP	B	-0.16%
ORCL	B	-0.16%
MOH	F	-0.16%
IBM	C	-0.16%
HUBS	A	-0.15%
OMC	C	-0.15%
WTS	B	-0.15%
ACN	C	-0.14%
HUM	C	-0.14%
SMAR	A	-0.14%
BBWI	D	-0.14%
RMBS	C	-0.14%
KMI	A	-0.14%
FNF	B	-0.13%
NVT	B	-0.13%
AMD	F	-0.13%
MMM	D	-0.13%
VOYA	B	-0.13%
RL	B	-0.12%
ELF	C	-0.12%
CPNG	D	-0.12%
GWW	B	-0.11%
OLN	D	-0.11%
RRC	B	-0.11%
ZS	C	-0.11%
OKTA	C	-0.11%
FI	A	-0.11%
MUSA	A	-0.11%
TTEK	F	-0.1%
GL	B	-0.1%
COKE	C	-0.1%
MO	A	-0.1%
MDT	D	-0.1%
PH	A	-0.1%
APA	D	-0.09%
MRO	B	-0.09%
UNM	A	-0.09%
EXE	B	-0.08%
PVH	C	-0.08%
VLTO	D	-0.08%
HOG	D	-0.08%
AGNC	D	-0.07%
TAP	C	-0.07%
SRE	A	-0.07%
SHW	A	-0.07%
ADM	D	-0.07%
LPX	B	-0.07%
CMC	B	-0.07%
ACGL	D	-0.07%
PLD	D	-0.07%
CARR	D	-0.07%
LNTH	D	-0.07%
CHTR	C	-0.07%
ACI	C	-0.06%
RGA	A	-0.06%
SFM	A	-0.05%
FE	C	-0.05%
CRUS	D	-0.05%
PFG	D	-0.05%
COP	C	-0.05%
CEG	D	-0.05%
EG	C	-0.05%
AR	B	-0.04%
THO	B	-0.04%
DOW	F	-0.04%
MRNA	F	-0.04%
BXP	D	-0.04%
XRAY	F	-0.04%
HSY	F	-0.04%
SSD	D	-0.04%
TXN	C	-0.04%
NOW	A	-0.04%
LII	A	-0.03%
DE	A	-0.03%
HIG	B	-0.03%
MGM	D	-0.03%
MOD	A	-0.03%
ZBH	C	-0.03%
UAL	A	-0.03%
AGCO	D	-0.03%
PATH	C	-0.02%
NTAP	C	-0.02%
BSX	B	-0.02%
NWSA	B	-0.02%
MUR	D	-0.02%
KHC	F	-0.02%
LYV	A	-0.02%
CVNA	B	-0.02%
RPRX	D	-0.01%
EXPD	D	-0.01%
ULTA	F	-0.01%
EOG	A	-0.01%
FDX	B	-0.01%