RAVI vs. RECS ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Columbia Research Enhanced Core ETF (RECS)

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

$75.41

Average Daily Volume

55,930

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

RECS

Columbia Research Enhanced Core ETF

RECS Description

The investment seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Research Enhanced U.S. Equity Index. The fund invests at least 80% of its assets in the securities of the index. The index is comprised of a subset of the companies within the Russell 1000® Index. The index was designed to reflect the performance of U.S. large- and mid-cap growth and value companies through the application of a rules-based methodology, which typically results in approximately 325-400 Index holdings, but this range can fluctuate because the index has no constraints on number of holdings.

Grade (RS Rating)

Last Trade

$32.28

Average Daily Volume

248,480

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	RECS
30 Days	0.40%	2.80%
60 Days	0.89%	6.85%
90 Days	1.32%	4.43%
12 Months	5.55%	29.68%

34 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in RECS	Overlap
ABBV	B	0.13%	0.59%	0.13%
AEE	D	0.17%	0.16%	0.16%
AEP	D	0.38%	0.39%	0.38%
AMT	C	0.13%	0.52%	0.13%
AMZN	B	0.42%	7.08%	0.42%
BAC	B	0.57%	1.44%	0.57%
BMY	D	0.43%	0.47%	0.43%
C	C	0.24%	0.61%	0.24%
CAT	C	0.26%	1.11%	0.26%
CI	C	0.67%	0.53%	0.53%
CMCSA	D	0.28%	0.38%	0.28%
CNP	B	0.2%	0.16%	0.16%
CRM	D	0.4%	0.56%	0.4%
CVX	C	0.33%	0.84%	0.33%
DHI	D	0.13%	0.18%	0.13%
ETR	D	0.38%	0.19%	0.19%
FITB	C	0.22%	0.13%	0.13%
FOXA	A	0.21%	0.02%	0.02%
GILD	C	0.59%	0.15%	0.15%
JPM	B	0.03%	2.94%	0.03%
LEN	D	0.26%	0.01%	0.01%
LEN	D	0.26%	0.15%	0.15%
LYB	C	0.83%	0.2%	0.2%
MET	C	0.13%	0.23%	0.13%
NDAQ	C	0.31%	0.11%	0.11%
NVDA	C	0.52%	4.92%	0.52%
PCAR	D	0.05%	0.37%	0.05%
PSX	C	0.16%	0.19%	0.16%
R	B	0.08%	0.03%	0.03%
SEB	F	0.16%	0.0%	0.0%
SJM	F	0.57%	0.05%	0.05%
VLO	C	1.51%	0.17%	0.17%
VZ	B	0.1%	0.43%	0.1%
WFC	D	0.26%	1.09%	0.26%

RAVI Overweight 69 Positions Relative to RECS

Symbol	Grade	Weight
ED	D	1.05%
OGS	D	1.05%
OTIS	C	0.95%
PYPL	D	0.95%
KDP	A	0.95%
PXD	B	0.89%
DHR	C	0.86%
DTE	D	0.77%
GE	D	0.76%
TSN	C	0.7%
WM	B	0.69%
CM	C	0.62%
GP	F	0.59%
TFC	C	0.59%
AIG	C	0.57%
NEE	B	0.57%
AZO	B	0.52%
BNS	D	0.52%
D	D	0.51%
BDX	D	0.51%
TD	F	0.51%
RY	B	0.51%
SYK	B	0.49%
CCI	D	0.49%
AON	C	0.46%
UNH	D	0.43%
SCHW	C	0.42%
VFC	C	0.39%
OGE	C	0.39%
ARCC	C	0.3%
T	A	0.3%
HSBC	B	0.29%
CFG	C	0.29%
MLM	D	0.28%
DELL	B	0.28%
DB	D	0.28%
CP	C	0.27%
CLX	D	0.26%
SO	B	0.26%
ATHS	A	0.26%
GS	B	0.26%
AL	C	0.25%
CMS	D	0.24%
FIS	B	0.23%
MCHP	D	0.22%
PPL	C	0.22%
NYC	B	0.21%
SBUX	F	0.18%
LUV	B	0.18%
MKC	D	0.17%
BHF	D	0.17%
CVS	D	0.16%
KEY	C	0.16%
UBS	B	0.16%
AZN	A	0.15%
NWG	B	0.15%
BA	D	0.15%
ICE	A	0.15%
MUFG	C	0.14%
CNH	F	0.13%
HPE	B	0.11%
EFX	C	0.1%
GM	B	0.1%
MDLZ	D	0.09%
HRL	F	0.07%
ROP	A	0.07%
DUK	C	0.07%
COF	D	0.06%
MS	B	0.06%

RAVI Underweight 318 Positions Relative to RECS

Symbol	Grade	Weight
MSFT	A	-8.59%
AAPL	B	-8.19%
META	B	-2.77%
GOOG	A	-2.32%
V	C	-2.31%
GOOGL	A	-2.17%
JNJ	F	-1.95%
MRK	A	-1.8%
PG	A	-1.71%
SOXX	B	-1.67%
SMH	B	-1.62%
XOM	C	-1.55%
KO	A	-1.04%
ABT	C	-0.99%
PM	A	-0.67%
ADP	B	-0.67%
QCOM	C	-0.66%
ADBE	C	-0.61%
BKNG	A	-0.61%
MDT	D	-0.59%
AMAT	B	-0.55%
MMC	B	-0.55%
TJX	A	-0.54%
XLC	A	-0.53%
CSCO	C	-0.49%
CSX	D	-0.45%
INTU	C	-0.44%
MCK	A	-0.44%
PH	D	-0.43%
CTAS	A	-0.42%
EQIX	D	-0.41%
LRCX	B	-0.39%
FDX	C	-0.38%
NOW	B	-0.38%
CME	D	-0.37%
MMM	B	-0.37%
CARR	B	-0.35%
CL	A	-0.34%
MO	A	-0.34%
AMGN	B	-0.33%
NUE	F	-0.32%
PCG	C	-0.29%
TGT	C	-0.28%
SPG	B	-0.27%
PAYX	B	-0.27%
ORLY	B	-0.27%
VRSK	A	-0.26%
VST	B	-0.26%
PANW	B	-0.25%
PPG	D	-0.25%
VRTX	B	-0.24%
HLT	A	-0.24%
EIX	D	-0.23%
HUM	C	-0.23%
BK	B	-0.23%
CDNS	B	-0.23%
REGN	A	-0.22%
MPC	C	-0.22%
EOG	C	-0.22%
CRWD	A	-0.21%
KMB	B	-0.21%
ROST	A	-0.21%
VRT	C	-0.21%
DAL	D	-0.21%
ANET	B	-0.21%
CNC	D	-0.2%
GEHC	C	-0.18%
GIS	C	-0.17%
CSGP	F	-0.17%
FTV	D	-0.17%
MSI	A	-0.16%
STLD	D	-0.16%
HIG	A	-0.16%
CAH	B	-0.15%
ATO	B	-0.15%
ICLR	B	-0.15%
VLTO	B	-0.15%
RCL	A	-0.15%
BR	B	-0.15%
TROW	B	-0.14%
PKG	B	-0.14%
WTW	B	-0.14%
RS	D	-0.14%
CSL	B	-0.14%
KR	D	-0.14%
GPN	F	-0.13%
BLDR	F	-0.13%
MTB	C	-0.13%
IP	A	-0.13%
ADSK	B	-0.13%
RPM	C	-0.12%
DECK	C	-0.12%
STT	C	-0.12%
CF	D	-0.12%
SBAC	F	-0.12%
J	D	-0.12%
EBAY	B	-0.12%
ZBH	D	-0.12%
INVH	A	-0.12%
EXPD	B	-0.12%
WDAY	D	-0.11%
OC	C	-0.11%
TTD	A	-0.11%
UAL	D	-0.11%
LPLA	B	-0.11%
SPOT	B	-0.11%
KHC	D	-0.11%
BRO	B	-0.11%
EME	B	-0.11%
BAX	D	-0.1%
SNA	D	-0.1%
FTNT	F	-0.1%
EA	B	-0.1%
NI	B	-0.1%
ALGN	F	-0.1%
EVRG	D	-0.1%
BKR	B	-0.1%
PHM	D	-0.1%
MOH	F	-0.1%
MAS	D	-0.1%
ESS	B	-0.1%
SWK	D	-0.09%
DDOG	C	-0.09%
WSM	C	-0.09%
MRNA	C	-0.09%
EG	B	-0.09%
PNR	D	-0.09%
SSNC	B	-0.09%
CBOE	D	-0.09%
HOLX	D	-0.09%
FCNCA	D	-0.09%
SYF	B	-0.09%
NVR	C	-0.09%
CPNG	D	-0.09%
DKNG	D	-0.08%
DOC	B	-0.08%
ACM	C	-0.08%
AVTR	D	-0.08%
WMS	C	-0.08%
HPQ	B	-0.08%
PINS	A	-0.07%
K	D	-0.07%
VTRS	D	-0.07%
AMH	B	-0.07%
HUBS	C	-0.07%
LVS	F	-0.07%
NTAP	B	-0.07%
CCL	B	-0.07%
X	F	-0.07%
LECO	F	-0.07%
GPK	C	-0.07%
ITT	D	-0.07%
CW	B	-0.07%
AOS	D	-0.07%
HST	D	-0.07%
SCCO	C	-0.07%
THC	B	-0.07%
PNW	C	-0.07%
RGA	B	-0.07%
MOS	D	-0.07%
L	C	-0.07%
EXPE	B	-0.07%
DKS	B	-0.06%
TEAM	D	-0.06%
DCI	D	-0.06%
BERY	C	-0.06%
RNR	B	-0.06%
CLF	F	-0.06%
BIIB	C	-0.06%
CACI	A	-0.06%
CTRA	C	-0.06%
EXP	D	-0.06%
GLPI	C	-0.06%
BG	B	-0.06%
AIZ	D	-0.05%
AZEK	D	-0.05%
RHI	D	-0.05%
WCC	D	-0.05%
ALSN	C	-0.05%
KEX	B	-0.05%
MGM	B	-0.05%
CR	B	-0.05%
SOLV	F	-0.05%
WBA	F	-0.05%
UNM	C	-0.05%
AAL	F	-0.05%
PSTG	C	-0.05%
OLN	D	-0.05%
MRO	B	-0.05%
MEDP	B	-0.05%
EWBC	C	-0.05%
USFD	A	-0.05%
CNM	D	-0.05%
TOL	D	-0.05%
BLD	D	-0.05%
AYI	D	-0.05%
RPRX	D	-0.05%
ACI	F	-0.04%
CRBG	B	-0.04%
BEN	D	-0.04%
ESAB	D	-0.04%
LYV	D	-0.04%
WBS	D	-0.04%
STAG	C	-0.04%
ZM	F	-0.04%
TAP	F	-0.04%
G	D	-0.04%
CPB	D	-0.04%
BRX	B	-0.04%
JAZZ	F	-0.04%
ALNY	A	-0.04%
WLK	D	-0.04%
DVA	B	-0.04%
CROX	B	-0.04%
WYNN	D	-0.04%
TPR	C	-0.04%
AGCO	F	-0.04%
SAIC	D	-0.04%
ORI	C	-0.04%
ZS	C	-0.04%
SWKS	B	-0.04%
SKX	B	-0.04%
VRSN	C	-0.04%
EQT	D	-0.04%
ENPH	D	-0.04%
NNN	B	-0.04%
LSTR	B	-0.04%
AMG	C	-0.03%
DOCU	D	-0.03%
DINO	D	-0.03%
OLLI	B	-0.03%
MHK	D	-0.03%
LNC	B	-0.03%
NBIX	C	-0.03%
IVZ	C	-0.03%
AXS	B	-0.03%
DT	F	-0.03%
RL	B	-0.03%
LEA	F	-0.03%
OGN	B	-0.03%
JNPR	B	-0.03%
XP	D	-0.03%
UTHR	A	-0.03%
MTG	B	-0.03%
WTFC	C	-0.03%
XRAY	F	-0.03%
ZION	C	-0.03%
BPOP	C	-0.03%
CMA	C	-0.03%
INGR	D	-0.03%
BMRN	C	-0.03%
NTNX	C	-0.03%
CZR	C	-0.03%
AIRC	A	-0.03%
TKR	D	-0.03%
FTI	C	-0.03%
OKTA	C	-0.03%
HRB	A	-0.03%
SEIC	C	-0.03%
BIO	D	-0.03%
EXAS	F	-0.02%
ROKU	F	-0.02%
MPW	C	-0.02%
EPR	C	-0.02%
PK	D	-0.02%
CRUS	A	-0.02%
GTES	D	-0.02%
CWEN	C	-0.02%
SNX	C	-0.02%
PRGO	F	-0.02%
SRPT	B	-0.02%
CUZ	D	-0.02%
NYT	B	-0.02%
KRC	F	-0.02%
THO	F	-0.02%
LSCC	F	-0.02%
NEU	D	-0.02%
MTCH	F	-0.02%
GPS	C	-0.02%
INCY	B	-0.02%
OZK	D	-0.02%
MSM	D	-0.02%
SMG	D	-0.02%
JHG	B	-0.02%
NTRA	B	-0.02%
FNB	C	-0.02%
WU	D	-0.02%
MAN	D	-0.02%
EEFT	D	-0.02%
FFIV	D	-0.02%
CNA	C	-0.01%
ALGM	F	-0.01%
CWEN	C	-0.01%
LEG	F	-0.01%
REYN	B	-0.01%
ADTN	F	-0.01%
CACC	D	-0.01%
HE	F	-0.01%
APLS	F	-0.01%
PHIN	D	-0.01%
CRI	F	-0.01%
KSS	C	-0.01%
JWN	C	-0.01%
VIRT	C	-0.01%
FOX	A	-0.01%
IONS	B	-0.01%
IART	D	-0.01%
NYCB	F	-0.01%
FTRE	F	-0.01%
PINC	F	-0.01%
WEN	F	-0.01%
TNL	B	-0.01%
EXEL	B	-0.01%
DBX	D	-0.01%
SMAR	B	-0.01%
PLTK	D	-0.0%
MRVI	F	-0.0%
RARE	F	-0.0%