RAVI vs. PPA ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to PowerShares Aerospace & Defense (PPA)

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

$75.24

Average Daily Volume

54,572

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

PPA

PowerShares Aerospace & Defense

PPA Description

The PowerShares Aerospace & Defense Portfolio (Fund) is based on the SPADEâ¢ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$104.31

Average Daily Volume

150,065

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	PPA
30 Days	0.47%	2.72%
60 Days	0.88%	4.98%
90 Days	1.38%	11.63%
12 Months	5.45%	31.89%

2 Overlapping Holdings

	Symbol	Grade	Weight in RAVI	Weight in PPA	Overlap
	BA	F	0.15%	5.9%	0.15%
	GE	A	0.76%	6.04%	0.76%

RAVI Overweight 100 Positions Relative to PPA

Symbol	Grade	Weight
VLO	D	1.51%
ED	A	1.05%
OGS	B	1.05%
OTIS	D	0.95%
PYPL	B	0.95%
KDP	A	0.95%
PXD	B	0.89%
DHR	C	0.86%
LYB	C	0.83%
DTE	A	0.77%
TSN	B	0.7%
WM	A	0.69%
CI	C	0.67%
CM	D	0.62%
GP	F	0.59%
GILD	F	0.59%
TFC	B	0.59%
AIG	A	0.57%
SJM	F	0.57%
NEE	B	0.57%
BAC	A	0.57%
AZO	D	0.52%
NVDA	C	0.52%
BNS	D	0.52%
D	B	0.51%
BDX	F	0.51%
TD	F	0.51%
RY	A	0.51%
SYK	D	0.49%
CCI	D	0.49%
AON	D	0.46%
UNH	C	0.43%
BMY	F	0.43%
AMZN	A	0.42%
SCHW	A	0.42%
CRM	D	0.4%
VFC	F	0.39%
OGE	A	0.39%
ETR	A	0.38%
AEP	A	0.38%
CVX	B	0.33%
NDAQ	B	0.31%
ARCC	A	0.3%
T	B	0.3%
HSBC	A	0.29%
CFG	A	0.29%
MLM	D	0.28%
DELL	B	0.28%
CMCSA	F	0.28%
DB	B	0.28%
CP	D	0.27%
WFC	B	0.26%
CAT	D	0.26%
CLX	F	0.26%
LEN	C	0.26%
SO	A	0.26%
ATHS	B	0.26%
GS	A	0.26%
AL	C	0.25%
C	B	0.24%
CMS	A	0.24%
FIS	B	0.23%
MCHP	B	0.22%
FITB	A	0.22%
PPL	A	0.22%
FOXA	B	0.21%
NYC	C	0.21%
CNP	B	0.2%
SBUX	F	0.18%
LUV	F	0.18%
MKC	B	0.17%
AEE	B	0.17%
BHF	B	0.17%
CVS	F	0.16%
KEY	C	0.16%
SEB	C	0.16%
UBS	C	0.16%
PSX	D	0.16%
AZN	A	0.15%
NWG	B	0.15%
ICE	D	0.15%
MUFG	D	0.14%
MET	C	0.13%
DHI	D	0.13%
AMT	D	0.13%
CNHI	D	0.13%
ABBV	D	0.13%
HPE	D	0.11%
EFX	D	0.1%
GM	A	0.1%
VZ	D	0.1%
MDLZ	B	0.09%
R	A	0.08%
HRL	B	0.07%
ROP	D	0.07%
DUK	A	0.07%
COF	B	0.06%
MS	A	0.06%
PCAR	D	0.05%
JPM	B	0.03%

RAVI Underweight 45 Positions Relative to PPA

Symbol	Grade	Weight
RTX	A	-6.9%
LMT	A	-6.78%
NOC	B	-5.61%
GD	A	-4.91%
LHX	A	-4.58%
HON	D	-4.31%
TDG	A	-4.05%
ETN	A	-3.84%
PH	B	-3.6%
HWM	A	-3.57%
AXON	B	-3.35%
BAH	B	-2.48%
TXT	D	-2.4%
LDOS	A	-2.19%
APH	A	-2.15%
HII	D	-2.06%
HEI	B	-1.85%
BWXT	D	-1.41%
CACI	A	-1.35%
KBR	A	-1.34%
CW	A	-1.31%
WWD	A	-1.08%
TDY	D	-1.0%
SAIC	C	-1.0%
HXL	C	-0.97%
ATI	B	-0.95%
J	D	-0.88%
AVAV	B	-0.88%
PLTR	D	-0.85%
SPR	D	-0.74%
MOG.A	A	-0.65%
PSN	D	-0.64%
KEYS	D	-0.6%
KTOS	B	-0.55%
AIR	B	-0.48%
OSK	D	-0.45%
MRCY	C	-0.34%
VSAT	D	-0.3%
OSIS	D	-0.26%
CDRE	D	-0.26%
IRDM	D	-0.2%
TGI	C	-0.2%
DCO	B	-0.15%
B	C	-0.15%
TTMI	B	-0.14%