RAVI vs. FXO ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to First Trust Financials AlphaDEX (FXO)

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

$75.37

Average Daily Volume

82,105

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$50.75

Average Daily Volume

54,386

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	FXO
30 Days	0.59%	-0.86%
60 Days	1.04%	6.78%
90 Days	1.64%	10.43%
12 Months	5.77%	43.29%

11 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in FXO	Overlap
AIG	F	0.57%	1.13%	0.57%
BAC	D	0.57%	0.57%	0.57%
C	B	0.24%	0.88%	0.24%
CFG	D	0.29%	0.65%	0.29%
FITB	C	0.22%	0.67%	0.22%
GS	C	0.26%	1.66%	0.26%
JPM	D	0.03%	0.3%	0.03%
KEY	C	0.16%	0.33%	0.16%
MS	B	0.06%	1.23%	0.06%
SCHW	D	0.42%	0.25%	0.25%
WFC	D	0.26%	0.54%	0.26%

RAVI Overweight 90 Positions Relative to FXO

Symbol	Grade	Weight
VLO	F	1.51%
ED	A	1.05%
OGS	C	1.05%
OTIS	A	0.95%
PYPL	C	0.95%
KDP	C	0.95%
DHR	C	0.86%
LYB	D	0.83%
DTE	A	0.77%
GE	C	0.76%
TSN	D	0.7%
WM	B	0.69%
CI	D	0.67%
CM	B	0.62%
GP	D	0.59%
GILD	A	0.59%
TFC	D	0.59%
SJM	C	0.57%
NEE	A	0.57%
AZO	D	0.52%
NVDA	C	0.52%
BNS	C	0.52%
D	A	0.51%
BDX	B	0.51%
TD	C	0.51%
RY	B	0.51%
SYK	C	0.49%
CCI	C	0.49%
AON	A	0.46%
UNH	B	0.43%
BMY	B	0.43%
AMZN	C	0.42%
CRM	B	0.4%
VFC	B	0.39%
OGE	A	0.39%
ETR	A	0.38%
AEP	C	0.38%
CVX	B	0.33%
NDAQ	C	0.31%
ARCC	A	0.3%
T	A	0.3%
HSBC	B	0.29%
MLM	D	0.28%
DELL	C	0.28%
CMCSA	B	0.28%
DB	C	0.28%
CP	C	0.27%
CAT	A	0.26%
CLX	B	0.26%
LEN	B	0.26%
SO	A	0.26%
ATHS	A	0.26%
AL	D	0.25%
CMS	A	0.24%
FIS	C	0.23%
MCHP	F	0.22%
PPL	A	0.22%
FOXA	A	0.21%
NYC	B	0.21%
CNP	B	0.2%
SBUX	B	0.18%
LUV	B	0.18%
MKC	C	0.17%
AEE	A	0.17%
BHF	F	0.17%
CVS	D	0.16%
SEB	D	0.16%
UBS	B	0.16%
PSX	D	0.16%
AZN	D	0.15%
NWG	D	0.15%
BA	F	0.15%
ICE	A	0.15%
MUFG	D	0.14%
MET	A	0.13%
DHI	C	0.13%
AMT	C	0.13%
CNH	B	0.13%
ABBV	A	0.13%
HPE	B	0.11%
EFX	C	0.1%
GM	D	0.1%
VZ	A	0.1%
MDLZ	C	0.09%
R	C	0.08%
HRL	F	0.07%
ROP	C	0.07%
DUK	A	0.07%
COF	C	0.06%
PCAR	D	0.05%

RAVI Underweight 90 Positions Relative to FXO

Symbol	Grade	Weight
KKR	A	-1.89%
JEF	A	-1.85%
PGR	C	-1.82%
RNR	A	-1.81%
MTG	B	-1.77%
CINF	A	-1.73%
JHG	C	-1.71%
AMG	B	-1.7%
ACGL	A	-1.69%
BRK.A	C	-1.69%
NU	D	-1.62%
APO	A	-1.6%
EG	B	-1.56%
AGO	B	-1.55%
COLB	C	-1.5%
MKL	C	-1.5%
GL	C	-1.45%
TROW	D	-1.43%
WTM	D	-1.41%
ALL	B	-1.35%
ALLY	F	-1.33%
MTB	C	-1.33%
BRO	A	-1.32%
RYAN	A	-1.31%
UNM	A	-1.31%
BPOP	D	-1.28%
HBAN	D	-1.27%
TPG	B	-1.26%
LPLA	D	-1.24%
SEIC	B	-1.23%
WAL	C	-1.23%
WBS	D	-1.22%
L	D	-1.21%
EQH	C	-1.18%
OZK	F	-1.17%
LNC	D	-1.16%
FNB	D	-1.16%
AFL	A	-1.12%
OMF	F	-1.11%
STT	C	-1.08%
BEN	F	-1.07%
HIG	A	-1.05%
CMA	C	-1.05%
TW	A	-1.04%
CB	A	-1.02%
AXS	A	-1.01%
AGNC	C	-1.0%
EWBC	D	-1.0%
FCNCA	D	-0.99%
AMP	A	-0.99%
OWL	A	-0.98%
ZION	D	-0.97%
AJG	D	-0.97%
CNA	D	-0.96%
CRBG	C	-0.9%
FHN	D	-0.89%
VIRT	B	-0.79%
FAF	B	-0.7%
BK	C	-0.69%
AIZ	A	-0.69%
PNFP	D	-0.69%
HLI	C	-0.67%
ARES	A	-0.67%
PNC	C	-0.67%
ORI	B	-0.66%
USB	C	-0.66%
RF	C	-0.66%
PB	D	-0.66%
BOKF	D	-0.65%
FHB	D	-0.63%
WTFC	D	-0.62%
SLM	C	-0.62%
COIN	F	-0.49%
BX	C	-0.36%
UWMC	D	-0.35%
FNF	A	-0.35%
CBOE	A	-0.34%
TRV	C	-0.33%
VOYA	A	-0.32%
MCO	D	-0.32%
MORN	C	-0.31%
NTRS	C	-0.31%
WRB	B	-0.31%
SNV	D	-0.31%
CFR	D	-0.31%
AFG	C	-0.31%
STWD	C	-0.31%
XP	F	-0.3%
RGA	C	-0.3%
MMC	D	-0.3%