RAVI vs. BBSA ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (BBSA)

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

$75.54

Average Daily Volume

75,060

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

BBSA

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF

BBSA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Barclays Short-Term U.S. Aggregate Bond Index. The index measures the performance of U.S. dollar denominated investment grade taxable bonds with remaining effective maturities between one and five years. The fund will invest at least 80% of its assets (net assets, plus the amount of borrowing for investment purposes) in securities included in the underlying index.

Grade (RS Rating)

Last Trade

$48.73

Average Daily Volume

1,134

Number of Holdings ^*

223

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	BBSA
30 Days	0.62%	1.25%
60 Days	1.15%	2.71%
90 Days	1.16%	3.53%
12 Months	5.33%	8.18%

65 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in BBSA	Overlap
ABBV	C	0.13%	0.01%	0.01%
AEP	B	0.38%	0.01%	0.01%
AIG	D	0.57%	0.05%	0.05%
AL	D	0.25%	0.01%	0.01%
AMT	C	0.13%	0.03%	0.03%
AMZN	C	0.42%	0.09%	0.09%
AON	B	0.46%	0.07%	0.07%
AZN	D	0.15%	0.01%	0.01%
BA	F	0.15%	0.01%	0.01%
BAC	D	0.57%	0.1%	0.1%
BMY	C	0.43%	0.02%	0.02%
BNS	A	0.52%	0.03%	0.03%
C	D	0.24%	0.02%	0.02%
CAT	C	0.26%	0.01%	0.01%
CCI	B	0.49%	0.07%	0.07%
CI	C	0.67%	0.01%	0.01%
CM	B	0.62%	0.05%	0.05%
CMCSA	D	0.28%	0.01%	0.01%
COF	C	0.06%	0.14%	0.06%
CVS	D	0.16%	0.01%	0.01%
CVX	D	0.33%	0.01%	0.01%
D	C	0.51%	0.06%	0.06%
DB	B	0.28%	0.07%	0.07%
DELL	D	0.28%	0.04%	0.04%
DHI	B	0.13%	0.05%	0.05%
DHR	B	0.86%	0.05%	0.05%
DTE	B	0.77%	0.01%	0.01%
DUK	C	0.07%	0.05%	0.05%
ETR	A	0.38%	0.01%	0.01%
FIS	B	0.23%	0.02%	0.02%
FITB	B	0.22%	0.03%	0.03%
FOXA	B	0.21%	0.04%	0.04%
GE	B	0.76%	0.04%	0.04%
GILD	B	0.59%	0.02%	0.02%
GM	B	0.1%	0.13%	0.1%
GP	D	0.59%	0.07%	0.07%
GS	D	0.26%	0.01%	0.01%
HPE	D	0.11%	0.04%	0.04%
HSBC	B	0.29%	0.08%	0.08%
ICE	B	0.15%	0.03%	0.03%
KDP	A	0.95%	0.01%	0.01%
LUV	C	0.18%	0.01%	0.01%
MDLZ	B	0.09%	0.01%	0.01%
MET	A	0.13%	0.01%	0.01%
MKC	B	0.17%	0.2%	0.17%
MS	D	0.06%	0.01%	0.01%
NEE	B	0.57%	0.01%	0.01%
PCAR	D	0.05%	0.01%	0.01%
PSX	D	0.16%	0.02%	0.02%
PYPL	B	0.95%	0.04%	0.04%
R	B	0.08%	0.02%	0.02%
ROP	C	0.07%	0.01%	0.01%
RY	B	0.51%	0.03%	0.03%
SBUX	C	0.18%	0.03%	0.03%
SCHW	D	0.42%	0.02%	0.02%
SO	B	0.26%	0.01%	0.01%
SYK	C	0.49%	0.01%	0.01%
T	B	0.3%	0.01%	0.01%
TD	A	0.51%	0.01%	0.01%
TFC	D	0.59%	0.02%	0.02%
TSN	C	0.7%	0.02%	0.02%
UNH	C	0.43%	0.03%	0.03%
VZ	B	0.1%	0.01%	0.01%
WFC	D	0.26%	0.01%	0.01%
WM	D	0.69%	0.06%	0.06%

RAVI Overweight 36 Positions Relative to BBSA

Symbol	Grade	Weight
VLO	D	1.51%
ED	C	1.05%
OGS	B	1.05%
OTIS	D	0.95%
LYB	F	0.83%
SJM	C	0.57%
AZO	D	0.52%
NVDA	D	0.52%
BDX	F	0.51%
CRM	D	0.4%
VFC	C	0.39%
OGE	B	0.39%
NDAQ	B	0.31%
ARCC	C	0.3%
CFG	D	0.29%
MLM	D	0.28%
CP	B	0.27%
CLX	C	0.26%
LEN	B	0.26%
ATHS	A	0.26%
CMS	A	0.24%
MCHP	D	0.22%
PPL	C	0.22%
NYC	C	0.21%
CNP	C	0.2%
AEE	B	0.17%
BHF	D	0.17%
KEY	B	0.16%
SEB	C	0.16%
UBS	D	0.16%
NWG	B	0.15%
MUFG	D	0.14%
CNH	C	0.13%
EFX	C	0.1%
HRL	C	0.07%
JPM	D	0.03%

RAVI Underweight 158 Positions Relative to BBSA

Symbol	Grade	Weight
AER	C	-0.39%
EQIX	B	-0.3%
ALLY	F	-0.23%
CMI	C	-0.23%
IBM	B	-0.2%
VLY	C	-0.18%
RF	B	-0.17%
VNT	D	-0.17%
EBAY	B	-0.13%
SPG	B	-0.13%
EPD	A	-0.12%
PG	C	-0.11%
JNJ	B	-0.11%
QCOM	D	-0.1%
APD	B	-0.1%
SLB	F	-0.1%
HPQ	D	-0.1%
EDC	D	-0.09%
OKE	B	-0.08%
NTRS	B	-0.08%
ALL	A	-0.07%
MRK	D	-0.07%
AXP	B	-0.07%
BCSF	B	-0.06%
FHN	D	-0.06%
FRT	C	-0.06%
EOG	D	-0.06%
DFS	C	-0.06%
MPLX	A	-0.06%
APTV	D	-0.05%
CSX	D	-0.05%
IVZ	C	-0.05%
FCNCA	D	-0.05%
DD	B	-0.05%
PRU	C	-0.05%
MTB	B	-0.05%
KMI	A	-0.05%
V	B	-0.05%
NKE	D	-0.05%
O	B	-0.05%
GPN	D	-0.04%
FDX	C	-0.04%
ETN	C	-0.04%
EL	F	-0.04%
RS	D	-0.04%
LLY	C	-0.04%
KO	B	-0.04%
KMB	D	-0.04%
UPS	D	-0.04%
UNP	B	-0.04%
TMUS	C	-0.04%
TGT	C	-0.04%
CMA	B	-0.04%
BG	D	-0.04%
JNPR	A	-0.04%
HUM	F	-0.04%
HSY	C	-0.04%
COMM	B	-0.04%
OMC	A	-0.03%
ZBH	F	-0.03%
WELL	B	-0.03%
VTRS	C	-0.03%
SYY	D	-0.03%
SYF	C	-0.03%
RTX	C	-0.03%
HCA	B	-0.03%
AVGO	C	-0.03%
CHTR	D	-0.03%
BEN	F	-0.03%
BXP	B	-0.03%
STT	A	-0.03%
DIS	D	-0.03%
PNC	B	-0.03%
MCK	F	-0.03%
ORCL	B	-0.03%
GOOGL	D	-0.02%
VOYA	A	-0.02%
TXN	C	-0.02%
ORI	A	-0.02%
NI	B	-0.02%
MPC	D	-0.02%
MHK	B	-0.02%
MDT	C	-0.02%
MCO	A	-0.02%
MCD	C	-0.02%
MAA	B	-0.02%
MA	B	-0.02%
KMPR	D	-0.02%
K	A	-0.02%
AWH	F	-0.02%
AMP	B	-0.02%
AGR	B	-0.02%
ADBE	D	-0.02%
CE	D	-0.02%
CARR	B	-0.02%
BRX	B	-0.02%
DXC	C	-0.02%
CPB	B	-0.02%
SRE	B	-0.02%
HBAN	B	-0.02%
GD	B	-0.02%
PCG	C	-0.02%
MSFT	C	-0.02%
MMM	B	-0.02%
AMGN	B	-0.02%
FNA	F	-0.02%
XOM	D	-0.02%
LOW	B	-0.02%
BK	A	-0.02%
BERY	B	-0.01%
KD	D	-0.01%
EQNR	D	-0.01%
AWK	A	-0.01%
CME	C	-0.01%
CASH	B	-0.01%
ESS	B	-0.01%
CSCO	B	-0.01%
COP	D	-0.01%
HAS	B	-0.01%
GSK	C	-0.01%
GBDC	C	-0.01%
WU	D	-0.01%
WRK	C	-0.01%
SF	A	-0.01%
SCCO	D	-0.01%
JHG	B	-0.01%
JBHT	D	-0.01%
NXPI	D	-0.01%
NSC	C	-0.01%
MOS	F	-0.01%
MO	C	-0.01%
MAR	C	-0.01%
LMT	C	-0.01%
LII	B	-0.01%
LDOS	C	-0.01%
VOD	B	-0.01%
KR	B	-0.01%
AVB	B	-0.01%
ES	C	-0.01%
HD	B	-0.01%
HON	D	-0.01%
ET	B	-0.01%
PPG	C	-0.01%
PFE	C	-0.01%
EXC	B	-0.01%
PEP	C	-0.01%
DE	B	-0.01%
PM	C	-0.01%
AAPL	D	-0.01%
AFL	B	-0.01%
BMO	C	-0.01%
WMT	B	-0.01%
INTC	F	-0.01%
WMB	B	-0.01%
PEG	B	-0.01%
USB	B	-0.01%
FR	C	-0.01%
FN	D	-0.01%