RAVI vs. MDIV ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV)

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

$75.35

Average Daily Volume

56,272

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$15.94

Average Daily Volume

90,957

Number of Holdings ^*

105

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	MDIV
30 Days	0.52%	4.53%
60 Days	0.95%	3.14%
90 Days	1.39%	4.41%
12 Months	5.45%	17.43%

13 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in MDIV	Overlap
AEP	B	0.38%	0.39%	0.38%
BMY	F	0.43%	0.34%	0.34%
C	A	0.24%	0.35%	0.24%
CVX	C	0.33%	0.37%	0.33%
DUK	A	0.07%	0.39%	0.07%
ETR	A	0.38%	0.4%	0.38%
GILD	F	0.59%	0.29%	0.29%
LYB	D	0.83%	0.45%	0.45%
MS	A	0.06%	0.35%	0.06%
OGS	D	1.05%	0.38%	0.38%
SO	B	0.26%	0.39%	0.26%
T	B	0.3%	0.53%	0.3%
VZ	C	0.1%	0.51%	0.1%

RAVI Overweight 89 Positions Relative to MDIV

Symbol	Grade	Weight
VLO	D	1.51%
ED	B	1.05%
OTIS	C	0.95%
PYPL	D	0.95%
KDP	B	0.95%
PXD	B	0.89%
DHR	A	0.86%
DTE	B	0.77%
GE	C	0.76%
TSN	B	0.7%
WM	D	0.69%
CI	D	0.67%
CM	C	0.62%
GP	F	0.59%
TFC	A	0.59%
AIG	C	0.57%
SJM	F	0.57%
NEE	A	0.57%
BAC	B	0.57%
AZO	D	0.52%
NVDA	B	0.52%
BNS	C	0.52%
D	B	0.51%
BDX	F	0.51%
TD	D	0.51%
RY	A	0.51%
SYK	D	0.49%
CCI	D	0.49%
AON	F	0.46%
UNH	C	0.43%
AMZN	C	0.42%
SCHW	A	0.42%
CRM	D	0.4%
VFC	F	0.39%
OGE	B	0.39%
NDAQ	C	0.31%
ARCC	B	0.3%
HSBC	A	0.29%
CFG	B	0.29%
MLM	C	0.28%
DELL	B	0.28%
CMCSA	F	0.28%
DB	B	0.28%
CP	D	0.27%
WFC	A	0.26%
CAT	C	0.26%
CLX	F	0.26%
LEN	B	0.26%
ATHS	C	0.26%
GS	A	0.26%
AL	B	0.25%
CMS	B	0.24%
FIS	A	0.23%
MCHP	B	0.22%
FITB	A	0.22%
PPL	A	0.22%
FOXA	C	0.21%
NYC	C	0.21%
CNP	B	0.2%
SBUX	F	0.18%
LUV	F	0.18%
MKC	C	0.17%
AEE	C	0.17%
BHF	F	0.17%
CVS	F	0.16%
KEY	B	0.16%
SEB	D	0.16%
UBS	C	0.16%
PSX	D	0.16%
AZN	B	0.15%
NWG	A	0.15%
BA	F	0.15%
ICE	B	0.15%
MUFG	C	0.14%
MET	B	0.13%
DHI	C	0.13%
AMT	D	0.13%
CNHI	D	0.13%
ABBV	D	0.13%
HPE	C	0.11%
EFX	C	0.1%
GM	B	0.1%
MDLZ	C	0.09%
R	A	0.08%
HRL	C	0.07%
ROP	D	0.07%
COF	B	0.06%
PCAR	D	0.05%
JPM	A	0.03%

RAVI Underweight 92 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	B	-19.74%
ARLP	B	-1.55%
PMT	A	-1.5%
IEP	C	-1.48%
RC	D	-1.41%
BSM	C	-1.25%
KRP	B	-1.19%
NSS	B	-1.18%
DMLP	D	-1.15%
LADR	B	-1.12%
AGNCN	A	-1.06%
DKL	D	-1.04%
CQP	D	-1.04%
LTC	B	-1.02%
NHI	B	-1.0%
EPR	C	-0.98%
ET	B	-0.95%
WES	A	-0.94%
GBDC	C	-0.93%
CAPL	F	-0.91%
MPLX	D	-0.9%
GTY	C	-0.87%
GLPI	C	-0.87%
MO	A	-0.86%
USAC	D	-0.84%
GEL	B	-0.78%
CTRE	C	-0.77%
PAA	C	-0.77%
CHSCO	B	-0.77%
EPD	B	-0.76%
APLE	F	-0.75%
FCPT	B	-0.75%
NRP	C	-0.74%
NNN	B	-0.74%
CHSCL	B	-0.74%
GLP	D	-0.73%
PAGP	C	-0.73%
WTFCP	A	-0.72%
ESGRP	B	-0.71%
SPG	C	-0.7%
CHSCN	B	-0.7%
CHSCM	C	-0.69%
VICI	C	-0.68%
LAMR	A	-0.66%
EPRT	B	-0.66%
KIM	C	-0.63%
CHSCP	D	-0.63%
MAA	C	-0.62%
WU	D	-0.62%
BRX	C	-0.6%
CMSD	C	-0.6%
ENLC	C	-0.59%
CUBE	D	-0.57%
SUN	D	-0.52%
PSA	C	-0.52%
UVV	C	-0.51%
REG	C	-0.51%
OKE	B	-0.49%
NWE	C	-0.47%
PNW	C	-0.47%
NWN	C	-0.46%
EVRG	C	-0.45%
ES	C	-0.44%
EXR	C	-0.44%
BKH	C	-0.44%
SR	C	-0.44%
ALE	B	-0.43%
VCTR	B	-0.43%
PRU	A	-0.43%
CAG	C	-0.43%
CTRA	C	-0.42%
NFG	B	-0.4%
K	B	-0.4%
EIX	A	-0.4%
SWX	B	-0.39%
FE	B	-0.39%
UPS	D	-0.38%
PEG	A	-0.38%
BBY	D	-0.38%
EXC	C	-0.37%
TROW	C	-0.37%
FLO	C	-0.37%
NI	A	-0.36%
EMN	B	-0.36%
KMB	C	-0.36%
KHC	D	-0.36%
NJR	C	-0.35%
WEC	C	-0.35%
LNT	B	-0.34%
BEN	F	-0.32%
VTRS	D	-0.32%
NMM	C	-0.12%