RAVI vs. SDY ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to SPDR S&P Dividend ETF (SDY)

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

SDY

SPDR S&P Dividend ETF

SDY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the highest dividend yielding S&P Composite 1500Â® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. It is non-diversified.

Grade (RS Rating)

Last Trade

$140.86

Average Daily Volume

213,707

Number of Holdings ^*

132

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	SDY
30 Days	0.43%	1.54%
60 Days	0.96%	7.80%
90 Days	1.51%	11.97%
12 Months	5.66%	28.31%

15 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in SDY	Overlap
ABBV	C	0.13%	1.71%	0.13%
BDX	C	0.51%	0.7%	0.51%
CAT	A	0.26%	0.84%	0.26%
CLX	C	0.26%	1.17%	0.26%
CVX	B	0.33%	1.72%	0.33%
ED	C	1.05%	1.72%	1.05%
HRL	F	0.07%	0.49%	0.07%
MCHP	F	0.22%	0.76%	0.22%
MKC	C	0.17%	1.1%	0.17%
NEE	C	0.57%	1.4%	0.57%
OGS	C	1.05%	0.21%	0.21%
ROP	D	0.07%	0.23%	0.07%
SJM	D	0.57%	0.66%	0.57%
SO	A	0.26%	1.75%	0.26%
WM	B	0.69%	0.57%	0.57%

RAVI Overweight 86 Positions Relative to SDY

Symbol	Grade	Weight
VLO	F	1.51%
OTIS	A	0.95%
PYPL	A	0.95%
KDP	C	0.95%
DHR	D	0.86%
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%
GILD	A	0.59%
TFC	D	0.59%
AIG	C	0.57%
BAC	B	0.57%
AZO	D	0.52%
NVDA	B	0.52%
BNS	C	0.52%
D	A	0.51%
TD	B	0.51%
RY	C	0.51%
SYK	C	0.49%
CCI	D	0.49%
AON	A	0.46%
UNH	B	0.43%
BMY	A	0.43%
AMZN	C	0.42%
SCHW	D	0.42%
CRM	B	0.4%
VFC	A	0.39%
OGE	C	0.39%
ETR	A	0.38%
AEP	C	0.38%
NDAQ	C	0.31%
ARCC	A	0.3%
T	B	0.3%
HSBC	A	0.29%
CFG	C	0.29%
MLM	F	0.28%
DELL	C	0.28%
CMCSA	B	0.28%
DB	A	0.28%
CP	C	0.27%
WFC	B	0.26%
LEN	C	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%
FITB	C	0.22%
PPL	C	0.22%
FOXA	B	0.21%
NYC	D	0.21%
CNP	B	0.2%
SBUX	B	0.18%
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%
ICE	A	0.15%
MUFG	D	0.14%
MET	A	0.13%
DHI	C	0.13%
AMT	D	0.13%
CNH	C	0.13%
HPE	B	0.11%
EFX	D	0.1%
GM	D	0.1%
VZ	C	0.1%
MDLZ	D	0.09%
R	C	0.08%
DUK	C	0.07%
COF	A	0.06%
MS	A	0.06%
PCAR	D	0.05%
JPM	C	0.03%

RAVI Underweight 117 Positions Relative to SDY

Symbol	Grade	Weight
O	C	-2.77%
KVUE	C	-2.33%
IBM	A	-1.96%
XEL	C	-1.92%
EIX	C	-1.77%
MDT	C	-1.68%
WEC	B	-1.59%
KMB	D	-1.51%
JNJ	D	-1.49%
XOM	A	-1.48%
PEP	F	-1.41%
KO	C	-1.4%
TROW	D	-1.35%
LMT	A	-1.34%
MCD	A	-1.33%
ADM	F	-1.32%
SYY	D	-1.32%
TGT	C	-1.32%
APD	C	-1.3%
CINF	A	-1.18%
ES	D	-1.18%
TXN	C	-1.16%
AFL	A	-1.15%
ADP	A	-1.14%
FAST	C	-1.12%
ITW	C	-1.1%
GPC	D	-1.1%
ATO	A	-1.09%
PG	D	-1.06%
LOW	C	-1.04%
BBY	C	-1.03%
CAH	B	-1.0%
ESS	D	-1.0%
NOC	B	-0.98%
NKE	D	-0.97%
ABT	C	-0.95%
PPG	D	-0.92%
CL	D	-0.92%
LHX	A	-0.91%
GD	C	-0.89%
AMCR	C	-0.88%
SWK	C	-0.87%
RPM	A	-0.84%
LNT	B	-0.79%
EMR	B	-0.78%
EVRG	C	-0.74%
ERIE	A	-0.71%
CHRW	C	-0.69%
ADI	B	-0.69%
CB	A	-0.68%
QCOM	D	-0.67%
ALB	D	-0.65%
AOS	C	-0.6%
JKHY	A	-0.6%
WMT	A	-0.59%
LIN	C	-0.58%
PNR	C	-0.58%
LECO	D	-0.58%
GGG	C	-0.58%
NUE	D	-0.57%
NDSN	C	-0.55%
ATR	A	-0.54%
DOV	C	-0.52%
TTC	F	-0.5%
EXPD	D	-0.5%
DCI	B	-0.49%
FDS	C	-0.49%
WTRG	D	-0.49%
CHD	D	-0.48%
ORI	A	-0.48%
RSG	D	-0.47%
RGLD	C	-0.47%
SHW	C	-0.46%
NNN	C	-0.46%
FRT	D	-0.44%
GWW	B	-0.43%
ECL	C	-0.42%
CSL	A	-0.39%
SEIC	B	-0.38%
SPGI	C	-0.37%
CTAS	C	-0.36%
RNR	A	-0.36%
CFR	B	-0.35%
MSA	F	-0.35%
RLI	A	-0.35%
BEN	F	-0.33%
CBSH	D	-0.33%
PB	D	-0.32%
WRB	C	-0.29%
SON	D	-0.29%
NFG	A	-0.29%
BRO	A	-0.27%
UGI	C	-0.27%
BMI	A	-0.27%
PII	D	-0.26%
FLO	D	-0.25%
UBSI	D	-0.24%
NJR	C	-0.24%
UMBF	C	-0.22%
BKH	C	-0.22%
FELE	C	-0.22%
CASY	D	-0.22%
OZK	D	-0.22%
FUL	F	-0.22%
LANC	F	-0.2%
SR	D	-0.19%
PRGO	F	-0.18%
ABM	D	-0.17%
BRC	C	-0.17%
AWR	B	-0.16%
CWT	D	-0.16%
AVA	D	-0.15%
CPK	C	-0.14%
CBU	D	-0.13%
WST	D	-0.1%
SJW	D	-0.09%
SCL	D	-0.09%