RAVI vs. NZUS ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to SPDR MSCI USA Climate Paris Aligned ETF (NZUS)

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

$75.33

Average Daily Volume

84,845

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

NZUS

SPDR MSCI USA Climate Paris Aligned ETF

NZUS Description

SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Index, by using representative sampling technique. It does not invest in stocks of companies operating across cluster bombs, landmines, depleted uranium, chemical or biological weapons, blinding laser weapons, non-detectable fragments or incendiary weapons, tobacco, mining of thermal coal, oil and gas related activities, including distribution / retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, thermal coal based, liquid fuel based and natural gas based power generation sectors. SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

405

Number of Holdings ^*

247

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	NZUS
30 Days	0.43%	4.08%
60 Days	0.96%	11.16%
90 Days	1.51%	4.02%
12 Months	5.66%	36.46%

29 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in NZUS	Overlap
ABBV	C	0.13%	0.68%	0.13%
AMT	D	0.13%	0.3%	0.13%
AMZN	C	0.42%	3.39%	0.42%
AON	A	0.46%	0.18%	0.18%
BAC	B	0.57%	0.01%	0.01%
BDX	C	0.51%	0.1%	0.1%
BMY	A	0.43%	0.35%	0.35%
CMCSA	B	0.28%	0.23%	0.23%
CRM	B	0.4%	0.74%	0.4%
DHR	D	0.86%	0.61%	0.61%
EFX	D	0.1%	0.11%	0.1%
FOXA	B	0.21%	0.04%	0.04%
GILD	A	0.59%	0.03%	0.03%
ICE	A	0.15%	0.29%	0.15%
JPM	C	0.03%	1.15%	0.03%
KDP	C	0.95%	0.09%	0.09%
MET	A	0.13%	0.13%	0.13%
MKC	C	0.17%	0.01%	0.01%
NDAQ	C	0.31%	0.12%	0.12%
NVDA	B	0.52%	6.59%	0.52%
PYPL	A	0.95%	0.18%	0.18%
ROP	D	0.07%	0.17%	0.07%
SBUX	B	0.18%	0.28%	0.18%
SCHW	D	0.42%	0.34%	0.34%
SYK	C	0.49%	0.33%	0.33%
UNH	B	0.43%	1.22%	0.43%
VZ	C	0.1%	0.13%	0.1%
WFC	B	0.26%	0.22%	0.22%
WM	B	0.69%	0.04%	0.04%

RAVI Overweight 72 Positions Relative to NZUS

Symbol	Grade	Weight
VLO	F	1.51%
ED	C	1.05%
OGS	C	1.05%
OTIS	A	0.95%
LYB	B	0.83%
DTE	B	0.77%
GE	B	0.76%
TSN	D	0.7%
CI	D	0.67%
CM	C	0.62%
GP	D	0.59%
TFC	D	0.59%
AIG	C	0.57%
SJM	D	0.57%
NEE	C	0.57%
AZO	D	0.52%
BNS	C	0.52%
D	A	0.51%
TD	B	0.51%
RY	C	0.51%
CCI	D	0.49%
VFC	A	0.39%
OGE	C	0.39%
ETR	A	0.38%
AEP	C	0.38%
CVX	B	0.33%
ARCC	A	0.3%
T	B	0.3%
HSBC	A	0.29%
CFG	C	0.29%
MLM	F	0.28%
DELL	C	0.28%
DB	A	0.28%
CP	C	0.27%
CAT	A	0.26%
CLX	C	0.26%
LEN	C	0.26%
SO	A	0.26%
ATHS	A	0.26%
GS	B	0.26%
AL	D	0.25%
C	B	0.24%
CMS	A	0.24%
FIS	A	0.23%
MCHP	F	0.22%
FITB	C	0.22%
PPL	C	0.22%
NYC	D	0.21%
CNP	B	0.2%
LUV	B	0.18%
AEE	A	0.17%
BHF	D	0.17%
CVS	D	0.16%
KEY	B	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	D	0.16%
AZN	D	0.15%
NWG	B	0.15%
BA	F	0.15%
MUFG	D	0.14%
DHI	C	0.13%
CNH	C	0.13%
HPE	B	0.11%
GM	D	0.1%
MDLZ	D	0.09%
R	C	0.08%
HRL	F	0.07%
DUK	C	0.07%
COF	A	0.06%
MS	A	0.06%
PCAR	D	0.05%

RAVI Underweight 218 Positions Relative to NZUS

Symbol	Grade	Weight
AAPL	C	-7.07%
MSFT	D	-6.85%
META	A	-2.61%
TSLA	C	-2.29%
GOOG	B	-2.25%
LLY	D	-1.98%
AVGO	B	-1.73%
V	B	-1.64%
DLR	C	-1.57%
SHW	C	-1.57%
IBM	A	-1.35%
EIX	C	-1.33%
XYL	C	-1.29%
MA	A	-1.23%
GOOGL	B	-1.16%
MCD	A	-1.02%
JNJ	D	-1.0%
HD	A	-0.96%
EQIX	C	-0.9%
PLD	D	-0.83%
NOW	B	-0.82%
SPGI	C	-0.8%
MRK	F	-0.79%
CSCO	A	-0.79%
FSLR	C	-0.78%
ORCL	A	-0.76%
NFLX	A	-0.72%
ADI	B	-0.68%
TXN	C	-0.67%
AMD	C	-0.66%
ACN	B	-0.64%
TMO	D	-0.62%
ZTS	C	-0.6%
AFL	A	-0.6%
AWK	D	-0.6%
MCO	D	-0.59%
ADBE	F	-0.59%
INTU	F	-0.57%
ACM	A	-0.54%
ARE	D	-0.5%
DOC	C	-0.49%
MSI	A	-0.49%
AME	C	-0.49%
QCOM	D	-0.47%
BXP	B	-0.47%
AVB	C	-0.46%
ROK	D	-0.45%
PNR	C	-0.44%
ESS	D	-0.44%
MTD	C	-0.41%
CB	A	-0.41%
TJX	D	-0.4%
FTV	C	-0.39%
ENPH	F	-0.39%
AXP	A	-0.38%
DIS	D	-0.38%
PGR	B	-0.37%
ITW	C	-0.36%
ISRG	C	-0.36%
MMC	D	-0.34%
JNPR	C	-0.33%
MDT	C	-0.32%
HSY	D	-0.32%
RIVN	F	-0.31%
AMGN	D	-0.31%
CME	A	-0.31%
PFE	D	-0.29%
ACGL	A	-0.29%
ELV	F	-0.28%
BSX	A	-0.28%
REGN	D	-0.28%
VRTX	D	-0.27%
INTC	D	-0.27%
KLAC	B	-0.27%
MRVL	C	-0.26%
ALLE	A	-0.26%
VICI	C	-0.26%
IEX	D	-0.25%
ADSK	B	-0.25%
PSA	C	-0.24%
MELI	D	-0.23%
WST	D	-0.23%
BX	C	-0.21%
UNP	F	-0.21%
BRO	A	-0.21%
FAST	C	-0.21%
O	C	-0.21%
SNPS	F	-0.21%
UBER	C	-0.21%
GRMN	D	-0.21%
EBAY	A	-0.2%
WELL	C	-0.2%
CHD	D	-0.2%
BK	A	-0.2%
APO	A	-0.19%
ABNB	D	-0.19%
CTAS	C	-0.19%
WAT	B	-0.19%
EW	F	-0.18%
HIG	A	-0.18%
ODFL	F	-0.18%
AFG	A	-0.17%
APH	D	-0.17%
ROST	D	-0.16%
VRSK	D	-0.16%
CMG	C	-0.16%
ECL	C	-0.16%
CPRT	B	-0.16%
VRSN	C	-0.16%
YUM	C	-0.16%
VLTO	A	-0.16%
KKR	A	-0.16%
PAYX	B	-0.15%
SPG	A	-0.15%
IDXX	D	-0.15%
FFIV	B	-0.15%
WTW	C	-0.14%
MNST	D	-0.14%
RMD	C	-0.14%
ALL	A	-0.14%
MPWR	B	-0.14%
ERIE	A	-0.13%
KEYS	B	-0.13%
RPRX	D	-0.13%
RVTY	C	-0.13%
CINF	A	-0.13%
CHTR	D	-0.12%
USB	C	-0.12%
CBOE	B	-0.12%
ALNY	C	-0.12%
ROL	C	-0.12%
TRMB	B	-0.12%
MKL	B	-0.12%
NEM	C	-0.12%
FTNT	A	-0.11%
FDS	C	-0.11%
A	B	-0.11%
AXON	A	-0.11%
CSGP	F	-0.1%
AJG	C	-0.1%
TROW	D	-0.1%
ETN	B	-0.1%
EQR	C	-0.1%
GGG	C	-0.1%
FI	A	-0.09%
HOLX	D	-0.09%
NKE	D	-0.09%
WRB	C	-0.09%
ADP	A	-0.09%
SEIC	B	-0.09%
ANET	A	-0.08%
VTR	C	-0.08%
HUM	F	-0.08%
NTRS	B	-0.08%
LULU	D	-0.08%
KIM	C	-0.08%
BIIB	F	-0.07%
MTB	A	-0.07%
MKTX	B	-0.07%
ZBH	F	-0.07%
VEEV	C	-0.07%
ULTA	D	-0.07%
DXCM	F	-0.07%
WDAY	D	-0.07%
BMRN	F	-0.06%
AOS	C	-0.06%
ILMN	B	-0.06%
ANSS	D	-0.06%
EXR	D	-0.06%
TRV	B	-0.06%
DFS	A	-0.06%
PODD	C	-0.05%
TYL	D	-0.05%
TTD	A	-0.05%
VMC	D	-0.05%
TFX	C	-0.05%
TMUS	A	-0.05%
EL	D	-0.05%
PANW	B	-0.05%
LOW	C	-0.05%
NBIX	F	-0.04%
HLT	A	-0.04%
INCY	B	-0.04%
ALGN	D	-0.04%
AMP	A	-0.04%
CTLT	A	-0.04%
BAH	C	-0.04%
IR	A	-0.04%
BIO	B	-0.04%
GWW	B	-0.04%
PINS	D	-0.03%
IQV	F	-0.03%
FOX	B	-0.03%
STZ	D	-0.03%
DGX	D	-0.03%
AVTR	D	-0.03%
TECH	D	-0.03%
SMCI	F	-0.02%
SNAP	D	-0.02%
DOCU	A	-0.02%
ZM	B	-0.02%
HUBS	D	-0.02%
SNOW	F	-0.02%
MTCH	B	-0.02%
OKTA	F	-0.02%
SQ	D	-0.02%
EXAS	C	-0.02%
TTWO	D	-0.02%
TW	A	-0.02%
PAYC	D	-0.01%
BAX	D	-0.01%
EPAM	F	-0.01%
MRNA	F	-0.01%
MDB	D	-0.01%
WPC	C	-0.01%
TRU	C	-0.01%
COIN	F	-0.01%
CSX	D	-0.01%