RNDV vs. RAVI ETF Comparison

Comparison of First Trust US Equity Dividend Select ETF (RNDV) to FlexShares Ready Access Variable Income Fund (RAVI)

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	RNDV	RAVI
30 Days	0.09%	0.41%
60 Days	2.01%	0.65%
90 Days	4.31%	1.23%
12 Months	25.40%	5.45%

17 Overlapping Holdings

Symbol	Grade	Weight in RNDV	Weight in RAVI	Overlap
ABBV	D	1.02%	0.13%	0.13%
AEP	D	0.37%	0.38%	0.37%
BDX	F	0.55%	0.51%	0.51%
BMY	B	1.85%	0.43%	0.43%
CI	F	0.61%	0.67%	0.61%
CMCSA	B	1.71%	0.28%	0.28%
CVS	D	1.57%	0.16%	0.16%
CVX	A	0.85%	0.33%	0.33%
ETR	B	0.41%	0.38%	0.38%
HPE	B	3.47%	0.11%	0.11%
HRL	D	0.69%	0.07%	0.07%
LEN	D	0.46%	0.26%	0.26%
MCHP	D	2.41%	0.22%	0.22%
MET	A	0.85%	0.13%	0.13%
TSN	B	0.74%	0.7%	0.7%
UNH	C	0.56%	0.43%	0.43%
VZ	C	3.4%	0.1%	0.1%

RNDV Overweight 78 Positions Relative to RAVI

Symbol	Grade	Weight
HPQ	B	3.91%
IBM	C	3.57%
TXN	C	3.28%
GLW	B	3.05%
QCOM	F	2.43%
BEN	C	2.16%
IPG	D	2.14%
ACN	C	2.01%
ADI	D	1.81%
HAS	D	1.63%
TROW	B	1.57%
BBY	D	1.55%
OMC	C	1.48%
PRU	A	1.43%
GPC	D	1.42%
APH	A	1.26%
UPS	C	1.15%
NTRS	A	1.15%
MDT	D	1.11%
MTB	A	1.09%
JNJ	D	1.08%
PFG	D	1.05%
HD	A	1.02%
MCD	D	1.01%
GRMN	B	0.99%
MSFT	F	0.94%
MRK	F	0.92%
PM	B	0.91%
OKE	A	0.9%
KLAC	D	0.86%
CINF	A	0.85%
CAG	D	0.8%
LOW	D	0.77%
BLK	C	0.75%
KVUE	A	0.75%
DGX	A	0.74%
CAH	B	0.73%
NKE	D	0.72%
PAYX	C	0.72%
ABT	B	0.72%
KMB	D	0.7%
SNA	A	0.69%
CTRA	B	0.68%
CME	A	0.67%
EG	C	0.64%
SWK	D	0.62%
GIS	D	0.61%
TRV	B	0.6%
CMI	A	0.6%
ITW	B	0.59%
K	A	0.58%
FAST	B	0.58%
AMCR	D	0.58%
EOG	A	0.58%
AFL	B	0.58%
XOM	B	0.58%
CHRW	C	0.57%
EMR	A	0.56%
POOL	C	0.55%
NSC	B	0.55%
UNP	C	0.54%
ADP	B	0.51%
LMT	D	0.5%
EVRG	A	0.48%
O	D	0.48%
LHX	C	0.48%
PNW	B	0.45%
FMC	D	0.45%
ES	D	0.43%
MAA	B	0.4%
FRT	B	0.4%
EMN	D	0.4%
EIX	B	0.39%
ESS	B	0.36%
DLR	B	0.36%
APD	A	0.35%
CF	B	0.35%
AVB	B	0.32%

RNDV Underweight 84 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	D	-1.05%
OGS	A	-1.05%
OTIS	C	-0.95%
PYPL	B	-0.95%
KDP	D	-0.95%
DHR	F	-0.86%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
WM	A	-0.69%
CM	A	-0.62%
GP	F	-0.59%
GILD	C	-0.59%
TFC	A	-0.59%
AIG	B	-0.57%
SJM	D	-0.57%
NEE	D	-0.57%
BAC	A	-0.57%
AZO	C	-0.52%
NVDA	C	-0.52%
BNS	A	-0.52%
D	C	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
AMZN	C	-0.42%
SCHW	B	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	B	-0.39%
NDAQ	A	-0.31%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
MLM	B	-0.28%
DELL	C	-0.28%
DB	D	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
CLX	B	-0.26%
SO	D	-0.26%
ATHS	C	-0.26%
GS	A	-0.26%
AL	B	-0.25%
C	A	-0.24%
CMS	C	-0.24%
FIS	C	-0.23%
FITB	A	-0.22%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
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%
PSX	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
BA	F	-0.15%
ICE	C	-0.15%
MUFG	B	-0.14%
DHI	D	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
EFX	F	-0.1%
GM	B	-0.1%
MDLZ	F	-0.09%
R	B	-0.08%
ROP	B	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	A	-0.06%
PCAR	B	-0.05%
JPM	A	-0.03%