RAVI vs. FLSP ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Franklin Liberty Systematic Style Premia ETF (FLSP)

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

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.03

Average Daily Volume

11,483

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	FLSP
30 Days	0.40%	0.50%
60 Days	0.65%	0.06%
90 Days	1.23%	1.20%
12 Months	5.50%	6.28%

19 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in FLSP	Overlap
ABBV	D	0.13%	0.59%	0.13%
AIG	B	0.57%	0.21%	0.21%
BMY	B	0.43%	0.59%	0.43%
CI	D	0.67%	0.22%	0.22%
CMCSA	C	0.28%	0.42%	0.28%
CRM	B	0.4%	0.7%	0.4%
FIS	D	0.23%	0.26%	0.23%
FOXA	C	0.21%	0.07%	0.07%
GILD	B	0.59%	0.61%	0.59%
GM	B	0.1%	0.36%	0.1%
LYB	F	0.83%	0.11%	0.11%
MET	A	0.13%	0.21%	0.13%
MS	B	0.06%	0.15%	0.06%
NVDA	C	0.52%	0.62%	0.52%
PCAR	B	0.05%	0.14%	0.05%
PSX	C	0.16%	0.23%	0.16%
PYPL	A	0.95%	0.45%	0.45%
T	A	0.3%	0.63%	0.3%
VLO	C	1.51%	0.25%	0.25%

RAVI Overweight 82 Positions Relative to FLSP

Symbol	Grade	Weight
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
KDP	D	0.95%
DHR	D	0.86%
DTE	C	0.77%
GE	D	0.76%
TSN	B	0.7%
WM	A	0.69%
CM	A	0.62%
GP	F	0.59%
TFC	B	0.59%
SJM	D	0.57%
NEE	D	0.57%
BAC	A	0.57%
AZO	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%
AON	A	0.46%
UNH	B	0.43%
AMZN	C	0.42%
SCHW	A	0.42%
VFC	C	0.39%
OGE	A	0.39%
ETR	B	0.38%
AEP	D	0.38%
CVX	B	0.33%
NDAQ	A	0.31%
ARCC	A	0.3%
HSBC	B	0.29%
CFG	B	0.29%
MLM	B	0.28%
DELL	C	0.28%
DB	D	0.28%
CP	D	0.27%
WFC	A	0.26%
CAT	B	0.26%
CLX	C	0.26%
LEN	C	0.26%
SO	D	0.26%
ATHS	C	0.26%
GS	B	0.26%
AL	A	0.25%
C	A	0.24%
CMS	C	0.24%
MCHP	F	0.22%
FITB	B	0.22%
PPL	B	0.22%
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%
KEY	A	0.16%
SEB	F	0.16%
UBS	B	0.16%
AZN	F	0.15%
NWG	C	0.15%
BA	D	0.15%
ICE	D	0.15%
MUFG	B	0.14%
DHI	D	0.13%
AMT	D	0.13%
CNH	A	0.13%
HPE	B	0.11%
EFX	D	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%
COF	B	0.06%
JPM	B	0.03%

RAVI Underweight 164 Positions Relative to FLSP

Symbol	Grade	Weight
ADBE	C	-0.91%
BKNG	B	-0.87%
QCOM	F	-0.83%
MA	B	-0.77%
WMT	B	-0.75%
NOW	B	-0.75%
TJX	A	-0.75%
INTU	C	-0.68%
AMAT	F	-0.66%
MDT	D	-0.6%
MSFT	D	-0.57%
UBER	D	-0.49%
VRTX	D	-0.49%
NVS	F	-0.48%
MSI	C	-0.48%
META	D	-0.45%
NFLX	B	-0.45%
EOG	C	-0.44%
MMM	D	-0.41%
ADSK	B	-0.36%
HCA	F	-0.36%
CL	D	-0.36%
SPG	C	-0.35%
CTAS	B	-0.35%
RTX	D	-0.34%
TMO	F	-0.34%
FICO	B	-0.34%
AFL	B	-0.33%
REGN	F	-0.33%
FTNT	C	-0.32%
CDNS	B	-0.32%
APP	B	-0.31%
CSX	B	-0.31%
BK	A	-0.31%
VST	B	-0.29%
LNG	B	-0.29%
HD	A	-0.28%
MPC	F	-0.27%
FDX	B	-0.27%
CMI	A	-0.25%
KR	A	-0.24%
KMB	C	-0.23%
PH	A	-0.23%
A	D	-0.23%
EA	C	-0.23%
BCS	B	-0.23%
CPRT	A	-0.22%
AMP	B	-0.22%
RCL	B	-0.21%
CTSH	B	-0.21%
SNPS	B	-0.2%
HPQ	B	-0.2%
VICI	C	-0.19%
TGT	F	-0.19%
HIG	B	-0.19%
EBAY	C	-0.18%
SE	B	-0.18%
APH	B	-0.18%
IQV	F	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	F	-0.16%
TROW	A	-0.16%
DECK	A	-0.16%
NTAP	C	-0.16%
IR	A	-0.16%
MELI	C	-0.16%
GDDY	B	-0.15%
SYY	C	-0.15%
MTD	F	-0.15%
ANSS	B	-0.14%
WAT	B	-0.14%
EXPE	B	-0.14%
IDXX	F	-0.14%
NUE	D	-0.14%
AWK	D	-0.13%
CNC	F	-0.13%
DVN	F	-0.13%
LDOS	D	-0.13%
AVB	B	-0.13%
PG	A	-0.13%
LIN	D	-0.13%
TYL	A	-0.13%
CBOE	B	-0.12%
K	A	-0.12%
VTR	D	-0.12%
CAH	B	-0.12%
NRG	C	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
VEEV	B	-0.12%
BBY	D	-0.11%
CSL	B	-0.11%
STX	D	-0.11%
PKG	B	-0.11%
HOLX	D	-0.11%
LII	A	-0.11%
STLD	B	-0.11%
GOOG	C	-0.11%
WSM	B	-0.11%
LVS	C	-0.11%
PHM	C	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
JBL	C	-0.1%
MAS	C	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
CF	B	-0.1%
UTHR	C	-0.1%
VRSN	F	-0.1%
BLDR	C	-0.1%
PTC	A	-0.1%
DOCU	A	-0.1%
SNA	A	-0.1%
FE	D	-0.1%
ZM	B	-0.1%
GEN	A	-0.1%
UDR	B	-0.09%
L	B	-0.09%
TWLO	B	-0.09%
ROL	B	-0.09%
VTRS	B	-0.09%
EQH	B	-0.09%
SSNC	A	-0.09%
TXT	D	-0.09%
OC	B	-0.09%
EXPD	C	-0.09%
MANH	C	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	C	-0.08%
CHRW	C	-0.08%
FFIV	A	-0.08%
REG	B	-0.08%
SWKS	F	-0.08%
DPZ	C	-0.08%
NBIX	C	-0.08%
PAYC	A	-0.07%
TAP	C	-0.07%
DKS	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
GLPI	B	-0.07%
UHS	D	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	F	-0.06%
CHKP	D	-0.06%
TER	F	-0.06%
SEIC	A	-0.06%
RPRX	D	-0.06%
AIZ	B	-0.06%
RPM	A	-0.05%
AER	A	-0.05%
WYNN	D	-0.05%
MGM	F	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
ON	C	-0.04%
COR	C	-0.04%
HII	F	-0.04%