RAVI vs. NBCR ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Neuberger Berman Core Equity ETF (NBCR)

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

NBCR

Neuberger Berman Core Equity ETF

NBCR Description

To pursue its goal, the fund invests mainly in equity securities of large-capitalization companies, which it defines as companies that have a market capitalization within the market capitalization range of companies in the Russell 1000® Index at the time of initial purchase. The portfolio managers seek to invest in a broadly diversified group of securities that have the potential to outperform the Russell 1000 Index with a lower level of risk through security selection.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

16,373

Number of Holdings ^*

192

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	NBCR
30 Days	0.41%	2.81%
60 Days	0.65%	4.11%
90 Days	1.23%	5.52%
12 Months	5.45%

36 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in NBCR	Overlap
ABBV	D	0.13%	0.86%	0.13%
AEP	D	0.38%	0.19%	0.19%
AIG	B	0.57%	0.76%	0.57%
AMZN	C	0.42%	3.83%	0.42%
AON	A	0.46%	1.41%	0.46%
BA	F	0.15%	0.19%	0.15%
BAC	A	0.57%	0.76%	0.57%
BMY	B	0.43%	0.28%	0.28%
C	A	0.24%	0.39%	0.24%
CAT	B	0.26%	0.51%	0.26%
CFG	B	0.29%	0.14%	0.14%
CNP	B	0.2%	0.09%	0.09%
CRM	B	0.4%	0.87%	0.4%
CVS	D	0.16%	0.33%	0.16%
D	C	0.51%	0.17%	0.17%
DTE	C	0.77%	0.07%	0.07%
DUK	C	0.07%	0.23%	0.07%
EFX	F	0.1%	0.18%	0.1%
ETR	B	0.38%	0.16%	0.16%
FITB	A	0.22%	0.24%	0.22%
GE	D	0.76%	0.94%	0.76%
GM	B	0.1%	0.59%	0.1%
GS	A	0.26%	0.42%	0.26%
ICE	C	0.15%	0.56%	0.15%
JPM	A	0.03%	1.4%	0.03%
KDP	D	0.95%	0.42%	0.42%
LEN	D	0.26%	0.22%	0.22%
MDLZ	F	0.09%	0.36%	0.09%
MET	A	0.13%	0.22%	0.13%
MLM	B	0.28%	0.25%	0.25%
NDAQ	A	0.31%	0.3%	0.3%
NEE	D	0.57%	0.33%	0.33%
NVDA	C	0.52%	6.7%	0.52%
PSX	C	0.16%	0.24%	0.16%
T	A	0.3%	0.75%	0.3%
WFC	A	0.26%	0.99%	0.26%

RAVI Overweight 65 Positions Relative to NBCR

Symbol	Grade	Weight
VLO	C	1.51%
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
PYPL	B	0.95%
DHR	F	0.86%
LYB	F	0.83%
TSN	B	0.7%
WM	A	0.69%
CI	F	0.67%
CM	A	0.62%
GP	F	0.59%
GILD	C	0.59%
TFC	A	0.59%
SJM	D	0.57%
AZO	C	0.52%
BNS	A	0.52%
BDX	F	0.51%
TD	F	0.51%
RY	A	0.51%
SYK	C	0.49%
CCI	D	0.49%
UNH	C	0.43%
SCHW	B	0.42%
VFC	C	0.39%
OGE	B	0.39%
CVX	A	0.33%
ARCC	A	0.3%
HSBC	B	0.29%
DELL	C	0.28%
CMCSA	B	0.28%
DB	D	0.28%
CP	D	0.27%
CLX	B	0.26%
SO	D	0.26%
ATHS	C	0.26%
AL	B	0.25%
CMS	C	0.24%
FIS	C	0.23%
MCHP	D	0.22%
PPL	B	0.22%
FOXA	B	0.21%
NYC	D	0.21%
SBUX	A	0.18%
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%
MUFG	B	0.14%
DHI	D	0.13%
AMT	D	0.13%
CNH	C	0.13%
HPE	B	0.11%
VZ	C	0.1%
R	B	0.08%
HRL	D	0.07%
ROP	B	0.07%
COF	B	0.06%
MS	A	0.06%
PCAR	B	0.05%

RAVI Underweight 156 Positions Relative to NBCR

Symbol	Grade	Weight
AAPL	C	-6.48%
MSFT	F	-6.01%
GOOGL	C	-3.37%
GOOG	C	-1.94%
V	A	-1.23%
HD	A	-1.22%
LLY	F	-1.19%
XOM	B	-1.15%
MA	C	-1.1%
COST	B	-1.06%
ORCL	B	-0.99%
JNJ	D	-0.98%
UNM	A	-0.97%
QCOM	F	-0.91%
TMUS	B	-0.88%
BSX	B	-0.87%
PG	A	-0.87%
NFLX	A	-0.81%
TDG	D	-0.77%
NOW	A	-0.77%
SPGI	C	-0.74%
UBER	D	-0.74%
MDT	D	-0.72%
TJX	A	-0.71%
FI	A	-0.66%
TXN	C	-0.63%
ETN	A	-0.63%
CCL	B	-0.62%
INTU	C	-0.62%
KKR	A	-0.61%
FYBR	D	-0.6%
LIN	D	-0.59%
MCD	D	-0.58%
SNPS	B	-0.58%
AMD	F	-0.57%
IWB	A	-0.56%
TMO	F	-0.53%
DKNG	B	-0.52%
AMAT	F	-0.52%
VRTX	F	-0.51%
CRWD	B	-0.51%
UL	D	-0.51%
ADI	D	-0.5%
ZBH	C	-0.5%
BKNG	A	-0.49%
PH	A	-0.48%
TT	A	-0.48%
ACN	C	-0.47%
CSCO	B	-0.46%
ALL	A	-0.45%
APH	A	-0.45%
MMM	D	-0.44%
ULTA	F	-0.4%
COP	C	-0.4%
NVT	B	-0.39%
PLD	D	-0.38%
CARR	D	-0.36%
CL	D	-0.36%
IR	B	-0.36%
BLK	C	-0.35%
MSI	B	-0.35%
LVS	C	-0.35%
DE	A	-0.33%
APO	B	-0.32%
URI	B	-0.32%
AMGN	D	-0.31%
GIS	D	-0.31%
EOG	A	-0.31%
PNC	B	-0.31%
REGN	F	-0.3%
TRU	D	-0.3%
AVY	D	-0.29%
NSC	B	-0.29%
MCO	B	-0.28%
CSX	B	-0.27%
FCX	D	-0.26%
ELV	F	-0.26%
LMT	D	-0.26%
GL	B	-0.26%
ORLY	B	-0.26%
HCA	F	-0.26%
SLB	C	-0.26%
MCK	B	-0.25%
DAL	C	-0.25%
DLTR	F	-0.25%
AIZ	A	-0.25%
NKE	D	-0.25%
SHW	A	-0.24%
FANG	D	-0.24%
ASML	F	-0.23%
K	A	-0.22%
EHC	B	-0.22%
FDX	B	-0.22%
SAIA	B	-0.21%
WCN	A	-0.21%
LRCX	F	-0.2%
HUM	C	-0.2%
SRE	A	-0.2%
VTR	C	-0.2%
CHKP	D	-0.2%
J	F	-0.19%
DGX	A	-0.19%
DXCM	D	-0.18%
CNC	D	-0.18%
STZ	D	-0.17%
EA	A	-0.17%
MOH	F	-0.17%
ADSK	A	-0.17%
VRSK	A	-0.17%
CEG	D	-0.17%
WMB	A	-0.16%
PEG	A	-0.16%
RSG	A	-0.16%
ELS	C	-0.16%
ECL	D	-0.16%
OKE	A	-0.16%
TKO	B	-0.15%
VST	B	-0.15%
FCPT	C	-0.14%
ESI	A	-0.14%
PCG	A	-0.14%
APTV	D	-0.14%
WRBY	B	-0.14%
APD	A	-0.14%
EQT	B	-0.13%
LNT	A	-0.13%
LNG	B	-0.13%
AVTR	F	-0.13%
CDW	F	-0.13%
ENTG	D	-0.13%
IQV	D	-0.13%
IT	C	-0.13%
BLDR	D	-0.12%
MTCH	D	-0.12%
TW	A	-0.12%
BK	A	-0.12%
NUE	C	-0.11%
FE	C	-0.11%
STWD	C	-0.11%
ON	D	-0.1%
INVH	D	-0.1%
STLD	B	-0.1%
EQR	B	-0.09%
TRGP	B	-0.09%
BMRN	D	-0.09%
UTZ	D	-0.08%
DTM	B	-0.08%
CCK	C	-0.08%
WIX	B	-0.08%
TOL	B	-0.07%
SMAR	A	-0.07%
GXO	B	-0.06%
WY	D	-0.06%
IONS	F	-0.05%
FBIN	D	-0.05%
BHP	F	-0.03%