RAVI vs. BIV ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Vanguard Intermediate-Term Bond ETF (BIV)

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

$75.43

Average Daily Volume

74,707

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

BIV

Vanguard Intermediate-Term Bond ETF

BIV Description

The investment seeks the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 5-10 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$75.36

Average Daily Volume

1,237,116

Number of Holdings ^*

484

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	BIV
30 Days	0.38%	-1.05%
60 Days	0.67%	-3.46%
90 Days	1.22%	-2.38%
12 Months	5.43%	6.28%

91 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in BIV	Overlap
ABBV	F	0.13%	0.05%	0.05%
AEE	A	0.17%	0.01%	0.01%
AEP	C	0.38%	0.01%	0.01%
AIG	B	0.57%	0.01%	0.01%
AL	B	0.25%	0.01%	0.01%
AMT	C	0.13%	0.01%	0.01%
AMZN	C	0.42%	0.02%	0.02%
AON	A	0.46%	0.01%	0.01%
ARCC	A	0.3%	0.02%	0.02%
AZN	F	0.15%	0.01%	0.01%
AZO	C	0.52%	0.01%	0.01%
BA	F	0.15%	0.01%	0.01%
BAC	A	0.57%	0.01%	0.01%
BDX	F	0.51%	0.01%	0.01%
BHF	C	0.17%	0.01%	0.01%
BMY	B	0.43%	0.01%	0.01%
BNS	A	0.52%	0.01%	0.01%
C	A	0.24%	0.01%	0.01%
CAT	B	0.26%	0.01%	0.01%
CCI	C	0.49%	0.01%	0.01%
CFG	B	0.29%	0.01%	0.01%
CI	D	0.67%	0.01%	0.01%
CLX	A	0.26%	0.01%	0.01%
CMCSA	B	0.28%	0.01%	0.01%
CMS	C	0.24%	0.01%	0.01%
CNH	C	0.13%	0.01%	0.01%
CNP	A	0.2%	0.01%	0.01%
COF	C	0.06%	0.01%	0.01%
CP	F	0.27%	0.01%	0.01%
CRM	B	0.4%	0.02%	0.02%
CVS	D	0.16%	0.01%	0.01%
CVX	A	0.33%	0.01%	0.01%
D	C	0.51%	0.01%	0.01%
DB	D	0.28%	0.01%	0.01%
DELL	B	0.28%	0.01%	0.01%
DHI	F	0.13%	0.01%	0.01%
DHR	F	0.86%	0.01%	0.01%
DTE	C	0.77%	0.01%	0.01%
DUK	C	0.07%	0.01%	0.01%
ED	C	1.05%	0.01%	0.01%
EFX	F	0.1%	0.02%	0.02%
ETR	B	0.38%	0.01%	0.01%
FIS	C	0.23%	0.01%	0.01%
FITB	B	0.22%	0.01%	0.01%
FOXA	A	0.21%	0.02%	0.02%
GE	D	0.76%	0.02%	0.02%
GILD	C	0.59%	0.01%	0.01%
GM	C	0.1%	0.01%	0.01%
GP	F	0.59%	0.01%	0.01%
GS	A	0.26%	0.01%	0.01%
HRL	D	0.07%	0.01%	0.01%
HSBC	A	0.29%	0.01%	0.01%
ICE	C	0.15%	0.01%	0.01%
JPM	A	0.03%	0.01%	0.01%
KDP	F	0.95%	0.01%	0.01%
KEY	B	0.16%	0.01%	0.01%
LEN	D	0.26%	0.01%	0.01%
LUV	C	0.18%	0.01%	0.01%
LYB	F	0.83%	0.01%	0.01%
MDLZ	F	0.09%	0.01%	0.01%
MET	A	0.13%	0.02%	0.02%
MKC	C	0.17%	0.01%	0.01%
MLM	C	0.28%	0.01%	0.01%
MS	A	0.06%	0.04%	0.04%
MUFG	B	0.14%	0.02%	0.02%
NDAQ	A	0.31%	0.01%	0.01%
NEE	C	0.57%	0.01%	0.01%
NVDA	B	0.52%	0.03%	0.03%
NWG	A	0.15%	0.02%	0.02%
OGE	A	0.39%	0.01%	0.01%
OGS	A	1.05%	0.01%	0.01%
OTIS	C	0.95%	0.01%	0.01%
PSX	C	0.16%	0.01%	0.01%
PYPL	B	0.95%	0.02%	0.02%
R	B	0.08%	0.01%	0.01%
ROP	B	0.07%	0.01%	0.01%
SBUX	A	0.18%	0.01%	0.01%
SCHW	B	0.42%	0.01%	0.01%
SJM	D	0.57%	0.01%	0.01%
SO	C	0.26%	0.01%	0.01%
SYK	B	0.49%	0.02%	0.02%
T	A	0.3%	0.01%	0.01%
TD	D	0.51%	0.01%	0.01%
TFC	A	0.59%	0.01%	0.01%
TSN	B	0.7%	0.03%	0.03%
UNH	B	0.43%	0.01%	0.01%
VFC	C	0.39%	0.01%	0.01%
VLO	C	1.51%	0.01%	0.01%
VZ	C	0.1%	0.01%	0.01%
WFC	A	0.26%	0.04%	0.04%
WM	B	0.69%	0.01%	0.01%

RAVI Overweight 10 Positions Relative to BIV

Symbol	Grade	Weight
CM	A	0.62%
RY	A	0.51%
ATHS	D	0.26%
MCHP	F	0.22%
PPL	A	0.22%
NYC	D	0.21%
SEB	F	0.16%
UBS	B	0.16%
HPE	B	0.11%
PCAR	B	0.05%

RAVI Underweight 393 Positions Relative to BIV

Symbol	Grade	Weight
WIT	B	-0.35%
DT	D	-0.11%
MSFT	D	-0.1%
AXP	A	-0.05%
DD	C	-0.05%
BIIB	F	-0.04%
TMUS	B	-0.04%
CB	C	-0.03%
KOF	F	-0.03%
DLTR	F	-0.03%
SLB	C	-0.03%
RJF	A	-0.03%
CAH	B	-0.03%
BWA	D	-0.03%
BMO	A	-0.03%
ESGR	B	-0.03%
NOW	A	-0.03%
BABA	D	-0.03%
LVS	B	-0.02%
NI	A	-0.02%
LRCX	F	-0.02%
LMT	D	-0.02%
MRO	B	-0.02%
INVH	D	-0.02%
KLAC	F	-0.02%
EOG	A	-0.02%
EBAY	D	-0.02%
CTAS	B	-0.02%
BR	A	-0.02%
ADI	D	-0.02%
CPB	D	-0.02%
UHS	D	-0.02%
XRAY	F	-0.02%
QRVO	F	-0.02%
MOS	F	-0.02%
LDOS	C	-0.02%
MTB	A	-0.02%
HST	C	-0.02%
HPQ	B	-0.02%
HIG	B	-0.02%
HAL	C	-0.02%
DAL	B	-0.02%
EA	A	-0.02%
DXC	B	-0.02%
DOX	D	-0.02%
ETN	A	-0.02%
BC	C	-0.02%
CNO	B	-0.02%
ADP	A	-0.02%
ADM	D	-0.02%
CHRW	B	-0.02%
AAP	D	-0.02%
AMG	B	-0.02%
TEL	B	-0.02%
SYF	B	-0.02%
VRSN	C	-0.02%
ZBH	C	-0.02%
TRMB	B	-0.02%
PGR	A	-0.02%
RL	C	-0.02%
DOC	C	-0.02%
REGN	F	-0.02%
ADBE	C	-0.02%
MCD	D	-0.02%
DLR	B	-0.02%
NEM	D	-0.02%
MU	D	-0.02%
GSK	F	-0.02%
WAB	B	-0.02%
WY	F	-0.02%
PH	A	-0.02%
EXPE	B	-0.02%
GD	D	-0.02%
CHTR	C	-0.02%
DFS	B	-0.02%
CAG	F	-0.02%
SYY	D	-0.02%
MPLX	A	-0.02%
VTRS	A	-0.02%
ET	A	-0.02%
MMC	B	-0.02%
BSX	A	-0.02%
GOOGL	C	-0.02%
QCOM	F	-0.02%
MRK	D	-0.02%
HCA	F	-0.02%
CARR	C	-0.02%
NOC	D	-0.02%
VOD	F	-0.02%
WTFC	A	-0.01%
SKT	A	-0.01%
RS	B	-0.01%
ROST	D	-0.01%
PWR	A	-0.01%
REXR	F	-0.01%
SAVE	F	-0.01%
GBDC	D	-0.01%
ALLE	C	-0.01%
AXS	A	-0.01%
AVT	C	-0.01%
CMA	B	-0.01%
CHD	A	-0.01%
CE	F	-0.01%
CBT	D	-0.01%
THG	A	-0.01%
UNM	A	-0.01%
TME	D	-0.01%
NOV	C	-0.01%
IFF	D	-0.01%
L	A	-0.01%
JCI	B	-0.01%
KMT	B	-0.01%
KMPR	A	-0.01%
EPRT	B	-0.01%
VNO	C	-0.01%
WU	F	-0.01%
TKR	D	-0.01%
WLK	D	-0.01%
PNW	A	-0.01%
SNA	A	-0.01%
RNR	C	-0.01%
SF	B	-0.01%
PSEC	D	-0.01%
DOV	A	-0.01%
AFG	A	-0.01%
APTV	F	-0.01%
WBS	A	-0.01%
LII	A	-0.01%
OCSL	F	-0.01%
MDT	D	-0.01%
MCY	A	-0.01%
PDM	D	-0.01%
MP	C	-0.01%
KRG	B	-0.01%
EMN	C	-0.01%
FSK	A	-0.01%
LXP	D	-0.01%
OSK	C	-0.01%
MKL	A	-0.01%
OPI	F	-0.01%
BEN	C	-0.01%
BDN	C	-0.01%
AMH	C	-0.01%
WEC	A	-0.01%
WB	D	-0.01%
ZION	B	-0.01%
VRSK	A	-0.01%
VNT	C	-0.01%
WPC	C	-0.01%
SITC	D	-0.01%
PKG	A	-0.01%
RPM	A	-0.01%
PHM	D	-0.01%
PFG	D	-0.01%
SCS	C	-0.01%
SAFE	F	-0.01%
PPG	F	-0.01%
SON	F	-0.01%
SNX	D	-0.01%
FMC	D	-0.01%
FLS	B	-0.01%
FLO	D	-0.01%
EW	C	-0.01%
BBY	D	-0.01%
ALL	A	-0.01%
BAX	F	-0.01%
AIZ	A	-0.01%
CMI	A	-0.01%
CME	B	-0.01%
AVB	B	-0.01%
AGR	A	-0.01%
AGO	B	-0.01%
ATO	A	-0.01%
CINF	A	-0.01%
ARW	D	-0.01%
ADC	A	-0.01%
ACGL	C	-0.01%
BKU	A	-0.01%
AAT	B	-0.01%
NVT	B	-0.01%
MCO	B	-0.01%
NUE	C	-0.01%
GPC	D	-0.01%
HR	B	-0.01%
HP	C	-0.01%
INTU	B	-0.01%
HIW	C	-0.01%
JD	D	-0.01%
IEX	C	-0.01%
GXO	B	-0.01%
EPR	C	-0.01%
FTNT	C	-0.01%
FRT	B	-0.01%
STE	D	-0.01%
WTRG	B	-0.01%
RYN	D	-0.01%
ROK	C	-0.01%
RF	A	-0.01%
SBRA	C	-0.01%
REG	A	-0.01%
PRE	D	-0.01%
MAS	D	-0.01%
NHI	D	-0.01%
NEU	D	-0.01%
MHK	D	-0.01%
LIN	C	-0.01%
AYI	B	-0.01%
BRO	B	-0.01%
BKH	A	-0.01%
AAL	B	-0.01%
BERY	C	-0.01%
AMCR	C	-0.01%
UDR	B	-0.01%
WBA	F	-0.01%
TSCO	D	-0.01%
SWX	B	-0.01%
SWKS	F	-0.01%
VOYA	B	-0.01%
XYL	D	-0.01%
VMC	B	-0.01%
KEX	B	-0.01%
ITW	B	-0.01%
HUBB	B	-0.01%
HSY	F	-0.01%
HPP	F	-0.01%
JNPR	D	-0.01%
ILMN	C	-0.01%
KSS	F	-0.01%
KRC	B	-0.01%
EIX	B	-0.01%
DVN	F	-0.01%
CTVA	C	-0.01%
FAF	A	-0.01%
EXR	C	-0.01%
DRI	B	-0.01%
DSS	F	-0.01%
NFG	A	-0.01%
LLY	F	-0.01%
OC	A	-0.01%
LEG	F	-0.01%
NVR	D	-0.01%
MRVL	B	-0.01%
NSC	B	-0.01%
KIM	A	-0.01%
MAA	B	-0.01%
ORLY	B	-0.01%
LNT	A	-0.01%
OMC	C	-0.01%
LAZ	B	-0.01%
NTRS	A	-0.01%
KEYS	A	-0.01%
K	A	-0.01%
HUN	F	-0.01%
HRB	D	-0.01%
IPG	D	-0.01%
INGR	C	-0.01%
HII	F	-0.01%
HBAN	A	-0.01%
JBL	C	-0.01%
KR	B	-0.01%
EMR	B	-0.01%
DGX	A	-0.01%
DE	B	-0.01%
CUBE	C	-0.01%
FLEX	B	-0.01%
DOW	F	-0.01%
AVY	F	-0.01%
ADSK	A	-0.01%
BIDU	F	-0.01%
APD	A	-0.01%
UPS	C	-0.01%
TGT	F	-0.01%
WELL	A	-0.01%
TXT	D	-0.01%
TT	A	-0.01%
SUI	C	-0.01%
TJX	A	-0.01%
PM	B	-0.01%
RPRX	D	-0.01%
PSA	C	-0.01%
NNN	C	-0.01%
LNC	C	-0.01%
LH	B	-0.01%
LEA	F	-0.01%
NTAP	C	-0.01%
MPC	D	-0.01%
HUM	C	-0.01%
GLPI	C	-0.01%
GL	C	-0.01%
JEF	A	-0.01%
HAS	D	-0.01%
H	B	-0.01%
KMB	C	-0.01%
ESS	B	-0.01%
ES	C	-0.01%
EQR	C	-0.01%
EL	F	-0.01%
FNF	B	-0.01%
CSL	C	-0.01%
EVRG	A	-0.01%
CNA	C	-0.01%
AWK	C	-0.01%
BRX	A	-0.01%
AES	F	-0.01%
A	D	-0.01%
BG	D	-0.01%
CBOE	C	-0.01%
AN	C	-0.01%
TXN	C	-0.01%
VTR	B	-0.01%
SWK	D	-0.01%
ZTS	D	-0.01%
STLD	B	-0.01%
RGA	A	-0.01%
SPGI	C	-0.01%
AFL	B	-0.01%
AER	A	-0.01%
BLK	B	-0.01%
BK	A	-0.01%
APH	A	-0.01%
AMAT	F	-0.01%
MSI	B	-0.01%
GPN	B	-0.01%
GIS	D	-0.01%
EQNR	C	-0.01%
EQIX	A	-0.01%
FDX	B	-0.01%
ECL	D	-0.01%
NKE	F	-0.01%
PAA	B	-0.01%
MA	B	-0.01%
MMM	D	-0.01%
OHI	C	-0.01%
O	C	-0.01%
NXPI	D	-0.01%
UNP	C	-0.01%
TDY	B	-0.01%
STT	B	-0.01%
TMO	F	-0.01%
WEST	C	-0.01%
WHR	B	-0.01%
PLD	F	-0.01%
RSG	A	-0.01%
PG	C	-0.01%
FANG	C	-0.01%
CSX	C	-0.01%
BXP	C	-0.01%
XEL	A	-0.01%
SRE	A	-0.01%
PRU	A	-0.01%
PEG	A	-0.01%
SPG	A	-0.01%
EQH	C	-0.01%
STZ	D	-0.01%
EPD	A	-0.01%
DG	F	-0.01%
MO	A	-0.01%
OKE	A	-0.01%
LHX	C	-0.01%
WMB	A	-0.01%
V	A	-0.01%
SHW	B	-0.01%
PEP	F	-0.01%
EXC	C	-0.01%
COP	C	-0.01%
USB	A	-0.01%
HON	C	-0.01%
JNJ	C	-0.01%
HD	B	-0.01%
MAR	A	-0.01%
CPT	B	-0.01%
AMGN	F	-0.01%
PFE	F	-0.01%
BKNG	A	-0.01%
ARE	F	-0.01%
ABT	B	-0.01%
INTC	C	-0.01%
HES	B	-0.01%
KO	D	-0.01%
PNC	B	-0.01%
DIS	B	-0.01%
LOW	C	-0.01%
KMI	A	-0.01%
WMT	A	-0.01%
AAPL	C	-0.01%
XOM	B	-0.01%
COST	A	-0.01%
RTX	D	-0.01%
IBM	C	-0.01%
UAL	A	-0.01%
ORCL	A	-0.01%
PCG	A	-0.01%
AVGO	D	-0.01%