TEQI vs. RAVI ETF Comparison

Comparison of T. Rowe Price Equity Income ETF (TEQI) to FlexShares Ready Access Variable Income Fund (RAVI)

TEQI

T. Rowe Price Equity Income ETF

TEQI Description

The investment seeks a high level of dividend income and long-term capital growth. The fund will normally invest at least 80% of its assets in common stocks listed in the United States, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued (or futures that have similar economic characteristics). It typically employs a value approach in selecting investments. The fund's in-house research team seeks companies that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

Grade (RS Rating)

Last Trade

$41.83

Average Daily Volume

18,921

Number of Holdings ^*

113

* 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

$75.33

Average Daily Volume

84,845

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TEQI	RAVI
30 Days	1.75%	0.43%
60 Days	8.57%	0.96%
90 Days	7.42%	1.51%
12 Months	29.99%	5.66%

32 Overlapping Holdings

Symbol	Grade	Weight in TEQI	Weight in RAVI	Overlap
ABBV	C	0.5%	0.13%	0.13%
AEE	A	0.86%	0.17%	0.17%
AIG	C	2.0%	0.57%	0.57%
AZN	D	0.9%	0.15%	0.15%
BA	F	1.19%	0.15%	0.15%
BAC	B	0.48%	0.57%	0.48%
BDX	C	1.74%	0.51%	0.51%
BMY	A	0.47%	0.43%	0.43%
C	B	1.24%	0.24%	0.24%
CI	D	1.13%	0.67%	0.67%
CMCSA	B	0.6%	0.28%	0.28%
CRM	B	0.14%	0.4%	0.14%
CVS	D	0.93%	0.16%	0.16%
CVX	B	0.19%	0.33%	0.19%
D	A	1.09%	0.51%	0.51%
FITB	C	0.93%	0.22%	0.22%
GE	B	1.9%	0.76%	0.76%
GM	D	0.52%	0.1%	0.1%
GS	B	0.33%	0.26%	0.26%
JPM	C	1.44%	0.03%	0.03%
LUV	B	0.87%	0.18%	0.18%
MDLZ	D	0.1%	0.09%	0.09%
MET	A	1.88%	0.13%	0.13%
MS	A	0.35%	0.06%	0.06%
NEE	C	0.93%	0.57%	0.57%
SCHW	D	1.7%	0.42%	0.42%
SO	A	2.24%	0.26%	0.26%
T	B	0.13%	0.3%	0.13%
TSN	D	0.84%	0.7%	0.7%
UNH	B	1.55%	0.43%	0.43%
VZ	C	0.37%	0.1%	0.1%
WFC	B	2.41%	0.26%	0.26%

TEQI Overweight 81 Positions Relative to RAVI

Symbol	Grade	Weight
ELV	F	2.7%
QCOM	D	2.45%
TTE	B	2.33%
NWSA	D	2.21%
CB	A	2.0%
LHX	A	1.82%
MSFT	D	1.71%
KMB	D	1.69%
XOM	A	1.69%
PM	D	1.64%
CF	A	1.59%
ZBH	F	1.55%
AMAT	C	1.52%
EQR	C	1.5%
EQH	B	1.47%
IP	C	1.38%
WY	C	1.36%
HIG	A	1.3%
SWK	C	1.26%
KVUE	C	1.21%
WMT	A	1.19%
DIS	D	1.14%
JNJ	D	1.13%
HBAN	B	1.11%
FI	A	1.06%
UPS	D	1.05%
NXPI	F	1.04%
L	C	1.02%
LVS	B	0.98%
TXN	C	0.97%
TEL	D	0.96%
CAG	D	0.95%
USB	C	0.92%
MDT	C	0.91%
CL	D	0.79%
SRE	C	0.75%
ACN	B	0.72%
EQT	C	0.71%
RYN	C	0.71%
SNY	C	0.69%
VTRS	D	0.69%
GEV	A	0.64%
EOG	B	0.63%
CMI	A	0.57%
NSC	C	0.56%
PFE	D	0.54%
WMB	A	0.53%
REXR	D	0.51%
HON	C	0.49%
BKR	B	0.49%
MAT	B	0.44%
INTC	D	0.44%
UNP	F	0.43%
KSS	D	0.39%
DG	F	0.38%
COP	D	0.37%
BIIB	F	0.34%
TJX	D	0.34%
SRCL	B	0.33%
GEHC	C	0.3%
HES	D	0.3%
APO	A	0.28%
CSCO	A	0.27%
MMM	C	0.27%
MRO	B	0.26%
MRK	F	0.25%
HUM	F	0.21%
NWS	D	0.2%
CNC	F	0.19%
NI	A	0.18%
BK	A	0.18%
CSX	D	0.16%
CAH	B	0.15%
PCG	C	0.15%
AMD	C	0.08%
VNO	B	0.06%
STZ	D	0.04%
BBY	C	0.04%
IFF	D	0.04%
FLS	A	0.02%
SOLV	C	0.02%

TEQI Underweight 69 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	F	-1.51%
ED	C	-1.05%
OGS	C	-1.05%
OTIS	A	-0.95%
PYPL	A	-0.95%
KDP	C	-0.95%
DHR	D	-0.86%
LYB	B	-0.83%
DTE	B	-0.77%
WM	B	-0.69%
CM	C	-0.62%
GP	D	-0.59%
GILD	A	-0.59%
TFC	D	-0.59%
SJM	D	-0.57%
AZO	D	-0.52%
NVDA	B	-0.52%
BNS	C	-0.52%
TD	B	-0.51%
RY	C	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
AMZN	C	-0.42%
VFC	A	-0.39%
OGE	C	-0.39%
ETR	A	-0.38%
AEP	C	-0.38%
NDAQ	C	-0.31%
ARCC	A	-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%
ATHS	A	-0.26%
AL	D	-0.25%
CMS	A	-0.24%
FIS	A	-0.23%
MCHP	F	-0.22%
PPL	C	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
SBUX	B	-0.18%
MKC	C	-0.17%
BHF	D	-0.17%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	B	-0.16%
PSX	D	-0.16%
NWG	B	-0.15%
ICE	A	-0.15%
MUFG	D	-0.14%
DHI	C	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
EFX	D	-0.1%
R	C	-0.08%
HRL	F	-0.07%
ROP	D	-0.07%
DUK	C	-0.07%
COF	A	-0.06%
PCAR	D	-0.05%