RAVI vs. ESMV ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares ESG MSCI USA Min Vol Factor ETF (ESMV)

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

$75.55

Average Daily Volume

75,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

ESMV

iShares ESG MSCI USA Min Vol Factor ETF

ESMV Description

iShares ESG MSCI USA Min Vol Factor ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in less volatile stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index, by using representative sampling technique. iShares ESG MSCI USA Min Vol Factor ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$28.72

Average Daily Volume

1,932

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	ESMV
30 Days	0.62%	2.75%
60 Days	1.17%	6.47%
90 Days	1.16%	8.29%
12 Months	5.35%	23.54%

26 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in ESMV	Overlap
AON	B	0.46%	0.06%	0.06%
AZO	D	0.52%	0.41%	0.41%
BMY	C	0.43%	0.24%	0.24%
CI	C	0.67%	0.5%	0.5%
CLX	C	0.26%	0.34%	0.26%
CMCSA	D	0.28%	0.08%	0.08%
CMS	C	0.24%	0.6%	0.24%
CNH	D	0.13%	0.29%	0.13%
CRM	D	0.4%	0.59%	0.4%
CVX	D	0.33%	0.31%	0.31%
ED	C	1.05%	1.38%	1.05%
GILD	B	0.59%	1.24%	0.59%
HPE	D	0.11%	0.6%	0.11%
HRL	C	0.07%	0.38%	0.07%
ICE	C	0.15%	0.4%	0.15%
KDP	B	0.95%	0.19%	0.19%
MKC	C	0.17%	0.14%	0.14%
NEE	C	0.57%	0.55%	0.55%
NVDA	D	0.52%	1.39%	0.52%
OTIS	C	0.95%	0.2%	0.2%
PSX	F	0.16%	0.32%	0.16%
ROP	C	0.07%	1.34%	0.07%
T	C	0.3%	0.39%	0.3%
UNH	C	0.43%	1.41%	0.43%
VZ	B	0.1%	1.47%	0.1%
WM	D	0.69%	1.39%	0.69%

RAVI Overweight 75 Positions Relative to ESMV

Symbol	Grade	Weight
VLO	F	1.51%
OGS	B	1.05%
PYPL	B	0.95%
DHR	B	0.86%
LYB	D	0.83%
DTE	C	0.77%
GE	B	0.76%
TSN	C	0.7%
CM	B	0.62%
GP	D	0.59%
TFC	C	0.59%
AIG	D	0.57%
SJM	C	0.57%
BAC	D	0.57%
BNS	B	0.52%
D	C	0.51%
BDX	D	0.51%
TD	B	0.51%
RY	B	0.51%
SYK	C	0.49%
CCI	C	0.49%
AMZN	C	0.42%
SCHW	D	0.42%
VFC	C	0.39%
OGE	C	0.39%
ETR	B	0.38%
AEP	C	0.38%
NDAQ	A	0.31%
ARCC	B	0.3%
HSBC	B	0.29%
CFG	C	0.29%
MLM	D	0.28%
DELL	D	0.28%
DB	B	0.28%
CP	C	0.27%
WFC	D	0.26%
CAT	B	0.26%
LEN	B	0.26%
SO	B	0.26%
ATHS	B	0.26%
GS	C	0.26%
AL	D	0.25%
C	C	0.24%
FIS	B	0.23%
MCHP	F	0.22%
FITB	B	0.22%
PPL	C	0.22%
FOXA	B	0.21%
NYC	C	0.21%
CNP	C	0.2%
SBUX	C	0.18%
LUV	C	0.18%
AEE	C	0.17%
BHF	F	0.17%
CVS	D	0.16%
KEY	B	0.16%
SEB	D	0.16%
UBS	C	0.16%
AZN	D	0.15%
NWG	C	0.15%
BA	F	0.15%
MUFG	D	0.14%
MET	B	0.13%
DHI	B	0.13%
AMT	C	0.13%
ABBV	C	0.13%
EFX	B	0.1%
GM	C	0.1%
MDLZ	B	0.09%
R	A	0.08%
DUK	C	0.07%
COF	B	0.06%
MS	D	0.06%
PCAR	D	0.05%
JPM	D	0.03%

RAVI Underweight 124 Positions Relative to ESMV

Symbol	Grade	Weight
IBM	B	-1.72%
MSI	B	-1.66%
LLY	C	-1.6%
PEG	B	-1.56%
VRTX	D	-1.53%
TRV	C	-1.53%
NOC	B	-1.53%
MMC	C	-1.47%
TMUS	C	-1.46%
GWW	B	-1.45%
AMGN	B	-1.45%
GIS	B	-1.45%
MSFT	C	-1.4%
TXN	C	-1.4%
CL	D	-1.38%
ADP	B	-1.36%
PGR	B	-1.36%
ACN	C	-1.33%
HD	B	-1.32%
CSCO	C	-1.31%
FERG	D	-1.27%
NEM	B	-1.25%
MRK	D	-1.23%
MCK	F	-1.18%
HES	F	-1.16%
EA	D	-1.16%
PEP	C	-1.16%
SPGI	B	-1.12%
PG	C	-1.1%
TT	B	-1.1%
VLTO	C	-1.08%
JNJ	C	-1.07%
V	C	-1.06%
KR	C	-1.06%
MCD	B	-1.05%
ORCL	C	-1.04%
ADBE	F	-1.02%
OKE	B	-1.02%
CDNS	D	-1.01%
REGN	C	-1.01%
MA	B	-0.93%
KO	C	-0.91%
LOW	B	-0.89%
K	B	-0.88%
KEYS	C	-0.83%
COR	D	-0.78%
WDAY	D	-0.75%
ELV	C	-0.72%
IT	B	-0.72%
PTC	D	-0.72%
EQIX	C	-0.71%
ZTS	C	-0.7%
DGX	B	-0.68%
CRH	B	-0.67%
HON	D	-0.62%
TRGP	B	-0.61%
KMB	D	-0.59%
HUBS	D	-0.56%
HOLX	B	-0.54%
AAPL	C	-0.52%
MELI	B	-0.5%
JNPR	B	-0.5%
SRE	C	-0.48%
CBRE	A	-0.47%
CHRW	B	-0.46%
UBER	C	-0.45%
FICO	B	-0.45%
RTX	C	-0.44%
ES	C	-0.44%
CME	C	-0.42%
KHC	C	-0.4%
YUM	D	-0.4%
AMCR	B	-0.39%
CHD	D	-0.39%
CPB	C	-0.39%
STX	C	-0.38%
HUM	F	-0.36%
DECK	C	-0.36%
ODFL	D	-0.36%
GEN	B	-0.35%
VRSN	D	-0.34%
NXPI	F	-0.34%
AKAM	D	-0.34%
ALNY	C	-0.33%
LKQ	F	-0.33%
ECL	B	-0.33%
SNPS	D	-0.31%
BR	D	-0.3%
CTSH	C	-0.3%
FI	A	-0.28%
INTC	F	-0.28%
TSCO	C	-0.28%
XYL	C	-0.27%
AJG	D	-0.25%
INCY	C	-0.24%
AWK	B	-0.24%
FSLR	C	-0.23%
JCI	B	-0.21%
ADSK	C	-0.2%
FCNCA	D	-0.2%
INTU	C	-0.19%
ULTA	D	-0.19%
AIZ	B	-0.17%
RSG	D	-0.17%
GDDY	C	-0.16%
WTW	C	-0.16%
AZPN	B	-0.16%
NTAP	D	-0.15%
NOW	B	-0.15%
JKHY	B	-0.14%
UPS	D	-0.14%
DPZ	F	-0.12%
SOLV	C	-0.12%
FFIV	B	-0.11%
LDOS	B	-0.11%
LIN	B	-0.11%
TEAM	D	-0.1%
MPC	F	-0.1%
HII	D	-0.08%
CAH	C	-0.08%
KNX	C	-0.07%
FAST	C	-0.07%
TJX	B	-0.06%
EXC	C	-0.05%