IMCV vs. RAVI ETF Comparison

Comparison of iShares Morningstar Mid-Cap Value ETF (IMCV) to FlexShares Ready Access Variable Income Fund (RAVI)

IMCV

iShares Morningstar Mid-Cap Value ETF

IMCV Description

The investment seeks to track the investment results of the MorningstarÂ® US Mid Cap Broad Value IndexSM composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited âvalueâ characteristics as determined by Morningstar, Inc. (Morningstar or the index providerâ) proprietary index methodology.

Grade (RS Rating)

Last Trade

$78.42

Average Daily Volume

15,826

Number of Holdings ^*

303

* 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

$75.42

Average Daily Volume

75,158

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	IMCV	RAVI
30 Days	0.63%	0.36%
60 Days	2.56%	0.67%
90 Days	5.66%	1.28%
12 Months	26.48%	5.46%

38 Overlapping Holdings

Symbol	Grade	Weight in IMCV	Weight in RAVI	Overlap
AEE	A	0.43%	0.17%	0.17%
AEP	C	0.91%	0.38%	0.38%
AIG	C	0.87%	0.57%	0.57%
CCI	C	0.81%	0.49%	0.49%
CFG	B	0.37%	0.29%	0.29%
CLX	A	0.13%	0.26%	0.13%
CMS	C	0.23%	0.24%	0.23%
CNH	C	0.17%	0.13%	0.13%
CNP	A	0.34%	0.2%	0.2%
COF	B	1.26%	0.06%	0.06%
D	C	0.49%	0.51%	0.49%
DELL	B	0.36%	0.28%	0.28%
DHI	D	0.89%	0.13%	0.13%
DTE	C	0.43%	0.77%	0.43%
ED	C	0.6%	1.05%	0.6%
ETR	A	0.56%	0.38%	0.38%
FIS	C	0.88%	0.23%	0.23%
FITB	B	0.56%	0.22%	0.22%
FOXA	B	0.19%	0.21%	0.19%
GM	B	1.11%	0.1%	0.1%
HPE	B	0.51%	0.11%	0.11%
HRL	D	0.1%	0.07%	0.07%
KDP	D	0.41%	0.95%	0.41%
KEY	B	0.32%	0.16%	0.16%
LEN	D	0.72%	0.26%	0.26%
LEN	D	0.03%	0.26%	0.03%
LUV	B	0.19%	0.18%	0.18%
LYB	F	0.39%	0.83%	0.39%
MCHP	F	0.39%	0.22%	0.22%
MKC	D	0.16%	0.17%	0.16%
NDAQ	A	0.33%	0.31%	0.31%
OTIS	C	0.28%	0.95%	0.28%
PCAR	C	1.05%	0.05%	0.05%
PPL	A	0.44%	0.22%	0.22%
SJM	D	0.22%	0.57%	0.22%
TFC	A	1.07%	0.59%	0.59%
TSN	B	0.15%	0.7%	0.15%
VLO	C	0.78%	1.51%	0.78%

IMCV Overweight 265 Positions Relative to RAVI

Symbol	Grade	Weight
WMB	A	1.22%
OKE	A	1.11%
NSC	B	1.09%
SRE	A	1.02%
BK	B	1.01%
SPG	A	0.98%
AFL	C	0.97%
KMI	A	0.94%
LHX	B	0.88%
GEV	A	0.8%
PRU	B	0.78%
F	C	0.77%
PEG	C	0.76%
FERG	C	0.75%
KVUE	A	0.73%
CTSH	C	0.72%
KR	B	0.72%
CHTR	B	0.69%
GLW	B	0.67%
EXC	C	0.67%
NUE	D	0.67%
XEL	A	0.66%
HPQ	B	0.65%
GIS	F	0.65%
HIG	B	0.62%
HUM	D	0.62%
MTB	A	0.62%
TRV	A	0.6%
O	C	0.59%
VICI	C	0.58%
LNG	A	0.58%
EIX	C	0.57%
FANG	D	0.56%
CNC	F	0.56%
WEC	A	0.55%
URI	B	0.54%
ALL	A	0.53%
KHC	F	0.52%
KMB	C	0.52%
CAH	B	0.52%
UAL	A	0.51%
STT	B	0.51%
PSA	C	0.5%
NVR	D	0.5%
SW	A	0.47%
TROW	B	0.47%
CARR	D	0.47%
PCG	A	0.46%
SYF	B	0.46%
ACGL	D	0.46%
BIIB	F	0.45%
HBAN	B	0.45%
DVN	F	0.44%
ADM	D	0.44%
TRGP	A	0.44%
CCL	A	0.43%
JCI	B	0.42%
IFF	D	0.42%
RF	A	0.42%
EXR	C	0.41%
WY	D	0.41%
TEL	C	0.4%
CTVA	C	0.4%
WDC	F	0.4%
NEM	D	0.4%
ATO	A	0.39%
BKR	B	0.39%
STLD	B	0.39%
FE	C	0.38%
STX	D	0.38%
K	B	0.38%
PKG	B	0.38%
ES	C	0.38%
DAL	A	0.38%
NTRS	A	0.38%
OMC	C	0.36%
WBD	B	0.36%
LH	B	0.36%
ZM	B	0.35%
COR	B	0.35%
IP	A	0.35%
EBAY	D	0.35%
PFG	C	0.35%
DOW	F	0.34%
DFS	B	0.34%
ON	F	0.34%
HOLX	D	0.33%
GEHC	D	0.33%
EXE	A	0.33%
DD	D	0.33%
MSTR	A	0.33%
RS	B	0.32%
PPG	F	0.32%
AMP	A	0.32%
VTR	B	0.31%
VST	A	0.31%
IRM	C	0.31%
BBY	D	0.31%
BAX	F	0.31%
STZ	D	0.31%
DGX	A	0.31%
WTW	B	0.3%
AVB	B	0.3%
EXPD	D	0.3%
GPN	C	0.3%
DG	F	0.3%
NI	A	0.29%
EG	D	0.29%
THC	C	0.29%
DOC	D	0.29%
SSNC	C	0.29%
RCL	A	0.29%
OC	A	0.29%
L	A	0.28%
CMI	A	0.28%
VTRS	A	0.28%
UTHR	C	0.28%
KEYS	C	0.28%
CBRE	B	0.28%
LDOS	C	0.28%
PHM	D	0.28%
DLR	A	0.28%
MRO	A	0.28%
EQR	C	0.27%
CF	A	0.27%
FNF	A	0.27%
IQV	F	0.26%
LNT	A	0.26%
AMCR	D	0.26%
RGA	B	0.26%
RNR	C	0.25%
SWKS	F	0.25%
EVRG	A	0.25%
EQH	B	0.25%
CINF	A	0.25%
AWK	C	0.24%
CAG	F	0.24%
BXP	D	0.23%
GLPI	C	0.23%
NRG	B	0.23%
UNM	A	0.22%
WPC	C	0.22%
BG	D	0.22%
NTAP	C	0.22%
SNA	B	0.22%
ARE	F	0.22%
HST	D	0.22%
JNPR	D	0.22%
HSY	F	0.21%
MAA	A	0.21%
OVV	C	0.21%
GRMN	B	0.21%
EMN	D	0.21%
HAL	C	0.21%
RJF	A	0.21%
ZBH	C	0.2%
FLEX	B	0.2%
EXPE	B	0.2%
IPG	F	0.2%
NWSA	B	0.2%
EA	A	0.2%
BLDR	D	0.2%
CG	B	0.2%
RPRX	F	0.19%
TDY	B	0.19%
CTRA	B	0.19%
GPC	F	0.18%
SOLV	F	0.18%
MAS	D	0.18%
CPNG	D	0.18%
DRI	C	0.18%
ALLY	C	0.18%
VLTO	C	0.18%
ESS	A	0.18%
LKQ	F	0.18%
TOL	B	0.18%
TAP	B	0.18%
ULTA	F	0.17%
AES	F	0.17%
TXT	D	0.16%
TER	F	0.16%
MRNA	F	0.16%
TSCO	D	0.16%
MOS	D	0.16%
CPB	D	0.16%
FFIV	B	0.15%
WAT	C	0.15%
EQT	A	0.15%
MOH	F	0.15%
DOV	B	0.15%
RVTY	D	0.15%
DKNG	B	0.15%
AR	B	0.15%
PINS	F	0.14%
ACI	C	0.14%
FTV	D	0.14%
WRB	B	0.14%
MKL	A	0.14%
APA	F	0.14%
BALL	D	0.14%
GEN	B	0.14%
AVY	D	0.14%
CCK	D	0.13%
DLTR	F	0.13%
POOL	D	0.13%
CPT	C	0.13%
SWK	F	0.13%
REG	A	0.13%
AKAM	F	0.13%
USFD	A	0.13%
DKS	D	0.12%
JBL	C	0.12%
WBA	F	0.12%
WTRG	B	0.12%
UHS	D	0.12%
APTV	F	0.12%
DINO	D	0.12%
XPO	B	0.11%
ENTG	F	0.11%
BEN	C	0.11%
JBHT	C	0.11%
SNX	D	0.11%
INCY	C	0.11%
J	D	0.11%
BJ	B	0.11%
CPAY	A	0.11%
EPAM	C	0.11%
AVTR	F	0.11%
SIRI	D	0.11%
AFG	A	0.11%
FOX	A	0.1%
WSM	D	0.1%
KMX	C	0.1%
ALB	B	0.1%
BAH	D	0.1%
TFX	F	0.1%
ALGN	D	0.1%
RPM	B	0.1%
SCI	A	0.1%
COO	D	0.1%
TRMB	B	0.1%
ACM	B	0.1%
KIM	A	0.09%
BLD	F	0.09%
ELS	B	0.09%
ZBRA	B	0.09%
MGM	D	0.09%
UDR	C	0.09%
RRX	B	0.09%
ALLE	D	0.09%
PNR	B	0.08%
CASY	A	0.08%
DVA	C	0.07%
CRL	D	0.07%
UHAL	D	0.07%
CE	F	0.07%
HII	F	0.06%
PAG	B	0.06%
NWS	A	0.06%
AOS	F	0.05%
AGR	A	0.05%
WLK	F	0.05%
QRVO	F	0.05%
UHAL	D	0.01%
COTY	F	0.01%

IMCV Underweight 64 Positions Relative to RAVI

Symbol	Grade	Weight
OGS	A	-1.05%
PYPL	B	-0.95%
DHR	D	-0.86%
GE	D	-0.76%
WM	B	-0.69%
CI	D	-0.67%
CM	A	-0.62%
GP	F	-0.59%
GILD	C	-0.59%
NEE	C	-0.57%
BAC	A	-0.57%
AZO	C	-0.52%
NVDA	A	-0.52%
BNS	A	-0.52%
BDX	F	-0.51%
TD	D	-0.51%
RY	B	-0.51%
SYK	A	-0.49%
AON	B	-0.46%
UNH	C	-0.43%
BMY	A	-0.43%
AMZN	B	-0.42%
SCHW	A	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	A	-0.39%
CVX	A	-0.33%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	A	-0.29%
MLM	B	-0.28%
CMCSA	B	-0.28%
DB	D	-0.28%
CP	F	-0.27%
WFC	A	-0.26%
CAT	C	-0.26%
SO	C	-0.26%
ATHS	C	-0.26%
GS	B	-0.26%
AL	B	-0.25%
C	B	-0.24%
NYC	C	-0.21%
SBUX	A	-0.18%
BHF	C	-0.17%
CVS	F	-0.16%
SEB	F	-0.16%
UBS	B	-0.16%
PSX	C	-0.16%
AZN	F	-0.15%
NWG	B	-0.15%
BA	D	-0.15%
ICE	C	-0.15%
MUFG	A	-0.14%
MET	A	-0.13%
AMT	D	-0.13%
ABBV	F	-0.13%
EFX	F	-0.1%
VZ	C	-0.1%
MDLZ	F	-0.09%
R	B	-0.08%
ROP	C	-0.07%
DUK	C	-0.07%
MS	A	-0.06%
JPM	A	-0.03%