RAVI vs. FAS ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Direxion Financial Bull 3X Shares (FAS)

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

$75.48

Average Daily Volume

73,267

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FAS

Direxion Financial Bull 3X Shares

FAS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000Â® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000Â® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000Â® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$178.98

Average Daily Volume

591,859

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	FAS
30 Days	0.40%	27.96%
60 Days	0.65%	40.41%
90 Days	1.23%	42.15%
12 Months	5.50%	163.34%

19 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in FAS	Overlap
AIG	B	0.57%	0.48%	0.48%
AON	A	0.46%	0.83%	0.46%
BAC	A	0.57%	3.11%	0.57%
C	A	0.24%	1.3%	0.24%
CFG	B	0.29%	0.21%	0.21%
COF	B	0.06%	0.69%	0.06%
FIS	D	0.23%	0.47%	0.23%
FITB	B	0.22%	0.31%	0.22%
GS	B	0.26%	1.84%	0.26%
ICE	D	0.15%	0.9%	0.15%
JPM	B	0.03%	6.86%	0.03%
KEY	A	0.16%	0.18%	0.16%
MET	A	0.13%	0.49%	0.13%
MS	B	0.06%	1.64%	0.06%
NDAQ	A	0.31%	0.33%	0.31%
PYPL	A	0.95%	0.87%	0.87%
SCHW	A	0.42%	1.2%	0.42%
TFC	B	0.59%	0.62%	0.59%
WFC	A	0.26%	2.51%	0.26%

RAVI Overweight 82 Positions Relative to FAS

Symbol	Grade	Weight
VLO	C	1.51%
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
KDP	D	0.95%
DHR	D	0.86%
LYB	F	0.83%
DTE	C	0.77%
GE	D	0.76%
TSN	B	0.7%
WM	A	0.69%
CI	D	0.67%
CM	A	0.62%
GP	F	0.59%
GILD	B	0.59%
SJM	D	0.57%
NEE	D	0.57%
AZO	C	0.52%
NVDA	C	0.52%
BNS	A	0.52%
D	C	0.51%
BDX	F	0.51%
TD	F	0.51%
RY	B	0.51%
SYK	C	0.49%
CCI	D	0.49%
UNH	B	0.43%
BMY	B	0.43%
AMZN	C	0.42%
CRM	B	0.4%
VFC	C	0.39%
OGE	A	0.39%
ETR	B	0.38%
AEP	D	0.38%
CVX	B	0.33%
ARCC	A	0.3%
T	A	0.3%
HSBC	B	0.29%
MLM	B	0.28%
DELL	C	0.28%
CMCSA	C	0.28%
DB	D	0.28%
CP	D	0.27%
CAT	B	0.26%
CLX	C	0.26%
LEN	C	0.26%
SO	D	0.26%
ATHS	C	0.26%
AL	A	0.25%
CMS	C	0.24%
MCHP	F	0.22%
PPL	B	0.22%
FOXA	C	0.21%
NYC	D	0.21%
CNP	A	0.2%
SBUX	B	0.18%
LUV	B	0.18%
MKC	D	0.17%
AEE	A	0.17%
BHF	B	0.17%
CVS	D	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	C	0.16%
AZN	F	0.15%
NWG	C	0.15%
BA	D	0.15%
MUFG	B	0.14%
DHI	D	0.13%
AMT	D	0.13%
CNH	A	0.13%
ABBV	D	0.13%
HPE	B	0.11%
EFX	D	0.1%
GM	B	0.1%
VZ	B	0.1%
MDLZ	F	0.09%
R	B	0.08%
HRL	D	0.07%
ROP	B	0.07%
DUK	C	0.07%
PCAR	B	0.05%

RAVI Underweight 53 Positions Relative to FAS

Symbol	Grade	Weight
BRK.A	B	-8.59%
V	A	-5.14%
MA	B	-4.23%
AXP	A	-1.62%
SPGI	C	-1.61%
PGR	A	-1.51%
BLK	C	-1.43%
BX	B	-1.33%
FI	A	-1.26%
MMC	A	-1.09%
CB	D	-1.06%
KKR	B	-1.03%
CME	A	-0.82%
PNC	A	-0.81%
USB	A	-0.79%
MCO	A	-0.74%
AJG	A	-0.65%
TRV	B	-0.59%
BK	A	-0.58%
AFL	B	-0.56%
AMP	B	-0.55%
ALL	B	-0.52%
MSCI	C	-0.46%
PRU	A	-0.44%
DFS	B	-0.43%
MTB	B	-0.36%
ACGL	D	-0.36%
HIG	B	-0.35%
WTW	B	-0.31%
RJF	A	-0.3%
GPN	C	-0.29%
STT	A	-0.28%
CPAY	A	-0.26%
BRO	B	-0.26%
TROW	A	-0.26%
HBAN	B	-0.25%
SYF	A	-0.25%
CINF	A	-0.24%
RF	B	-0.24%
NTRS	A	-0.22%
CBOE	B	-0.22%
PFG	C	-0.18%
FDS	B	-0.18%
WRB	A	-0.18%
EG	C	-0.16%
L	B	-0.15%
JKHY	D	-0.12%
ERIE	D	-0.11%
AIZ	B	-0.11%
GL	C	-0.1%
MKTX	D	-0.1%
IVZ	B	-0.08%
BEN	C	-0.07%