RAVI vs. IFRA ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares U.S. Infrastructure ETF (IFRA)

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

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.87

Average Daily Volume

306,176

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	IFRA
30 Days	0.38%	7.23%
60 Days	0.67%	9.35%
90 Days	1.22%	12.85%
12 Months	5.43%	38.77%

16 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in IFRA	Overlap
AEE	A	0.17%	0.71%	0.17%
AEP	C	0.38%	0.6%	0.38%
CMS	C	0.24%	0.65%	0.24%
CNP	A	0.2%	0.72%	0.2%
D	C	0.51%	0.65%	0.51%
DTE	C	0.77%	0.64%	0.64%
DUK	C	0.07%	0.62%	0.07%
ED	C	1.05%	0.6%	0.6%
ETR	B	0.38%	0.79%	0.38%
LYB	F	0.83%	0.44%	0.44%
MLM	C	0.28%	0.58%	0.28%
NEE	C	0.57%	0.62%	0.57%
OGE	A	0.39%	0.69%	0.39%
OGS	A	1.05%	0.71%	0.71%
PPL	A	0.22%	0.68%	0.22%
SO	C	0.26%	0.64%	0.26%

RAVI Overweight 85 Positions Relative to IFRA

Symbol	Grade	Weight
VLO	C	1.51%
OTIS	C	0.95%
PYPL	B	0.95%
KDP	F	0.95%
DHR	F	0.86%
GE	D	0.76%
TSN	B	0.7%
WM	B	0.69%
CI	D	0.67%
CM	A	0.62%
GP	F	0.59%
GILD	C	0.59%
TFC	A	0.59%
AIG	B	0.57%
SJM	D	0.57%
BAC	A	0.57%
AZO	C	0.52%
NVDA	B	0.52%
BNS	A	0.52%
BDX	F	0.51%
TD	D	0.51%
RY	A	0.51%
SYK	B	0.49%
CCI	C	0.49%
AON	A	0.46%
UNH	B	0.43%
BMY	B	0.43%
AMZN	C	0.42%
SCHW	B	0.42%
CRM	B	0.4%
VFC	C	0.39%
CVX	A	0.33%
NDAQ	A	0.31%
ARCC	A	0.3%
T	A	0.3%
HSBC	A	0.29%
CFG	B	0.29%
DELL	B	0.28%
CMCSA	B	0.28%
DB	D	0.28%
CP	F	0.27%
WFC	A	0.26%
CAT	B	0.26%
CLX	A	0.26%
LEN	D	0.26%
ATHS	D	0.26%
GS	A	0.26%
AL	B	0.25%
C	A	0.24%
FIS	C	0.23%
MCHP	F	0.22%
FITB	B	0.22%
FOXA	A	0.21%
NYC	D	0.21%
SBUX	A	0.18%
LUV	C	0.18%
MKC	C	0.17%
BHF	C	0.17%
CVS	D	0.16%
KEY	B	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	C	0.16%
AZN	F	0.15%
NWG	A	0.15%
BA	F	0.15%
ICE	C	0.15%
MUFG	B	0.14%
MET	A	0.13%
DHI	F	0.13%
AMT	C	0.13%
CNH	C	0.13%
ABBV	F	0.13%
HPE	B	0.11%
EFX	F	0.1%
GM	C	0.1%
VZ	C	0.1%
MDLZ	F	0.09%
R	B	0.08%
HRL	D	0.07%
ROP	B	0.07%
COF	C	0.06%
MS	A	0.06%
PCAR	B	0.05%
JPM	A	0.03%

RAVI Underweight 134 Positions Relative to IFRA

Symbol	Grade	Weight
VST	A	-1.23%
USLM	A	-0.91%
DTM	A	-0.87%
CENX	B	-0.86%
KNTK	A	-0.85%
CEG	C	-0.85%
MYRG	B	-0.84%
STRL	A	-0.83%
KMI	A	-0.83%
AGX	B	-0.82%
WMB	A	-0.82%
MGEE	B	-0.8%
PRIM	A	-0.8%
NRG	B	-0.79%
OKE	A	-0.78%
ROAD	B	-0.77%
IDA	A	-0.74%
TXNM	A	-0.73%
ENLC	A	-0.72%
XEL	A	-0.72%
FIX	A	-0.72%
LMB	B	-0.72%
SRE	A	-0.72%
ATO	A	-0.72%
CMP	C	-0.71%
NI	A	-0.71%
GBX	A	-0.71%
PEG	A	-0.71%
MSEX	C	-0.7%
CPK	A	-0.7%
EME	A	-0.7%
MTZ	B	-0.7%
CSX	C	-0.7%
PCG	A	-0.69%
BKH	A	-0.69%
EVRG	A	-0.69%
AM	A	-0.69%
NSC	B	-0.69%
AWR	B	-0.68%
HEES	C	-0.68%
MLI	B	-0.68%
MTRX	B	-0.68%
PNW	A	-0.68%
NWN	A	-0.68%
LXFR	C	-0.68%
LNT	A	-0.67%
ALE	A	-0.67%
GLDD	B	-0.67%
RYI	C	-0.67%
SUM	B	-0.67%
WEC	A	-0.67%
SR	A	-0.66%
APOG	C	-0.66%
AGR	A	-0.66%
UTL	B	-0.66%
NWE	B	-0.66%
GVA	A	-0.66%
BXC	B	-0.65%
WTRG	B	-0.65%
PWR	A	-0.65%
EXC	C	-0.65%
NWPX	A	-0.64%
CRS	B	-0.64%
AWI	A	-0.63%
POR	C	-0.63%
EXP	B	-0.63%
KNF	B	-0.63%
TPC	C	-0.63%
VMI	B	-0.63%
NGVT	B	-0.63%
AVA	A	-0.63%
STLD	B	-0.62%
OC	A	-0.62%
URI	C	-0.62%
UNP	C	-0.62%
EIX	B	-0.62%
FE	C	-0.61%
CWT	C	-0.61%
ECVT	C	-0.61%
ASTE	C	-0.61%
ARTNA	F	-0.61%
YORW	F	-0.61%
TRN	B	-0.6%
ES	C	-0.6%
SJW	F	-0.6%
AWK	C	-0.6%
VMC	B	-0.6%
LPX	B	-0.6%
CMC	B	-0.59%
KALU	C	-0.59%
LXU	B	-0.59%
HE	C	-0.59%
X	B	-0.58%
TREX	C	-0.57%
OSK	C	-0.57%
FLR	B	-0.57%
CSL	C	-0.56%
BCC	B	-0.56%
RS	B	-0.56%
AZEK	A	-0.56%
ACM	B	-0.56%
ASIX	B	-0.55%
APG	B	-0.55%
SWX	B	-0.55%
ROCK	C	-0.54%
NFE	D	-0.54%
SSD	F	-0.53%
BWMN	C	-0.53%
HWKN	B	-0.53%
BLDR	D	-0.53%
XPEL	B	-0.53%
ZEUS	C	-0.52%
POOL	C	-0.52%
NUE	C	-0.52%
TEX	F	-0.52%
KOP	C	-0.51%
EMN	C	-0.51%
AESI	B	-0.5%
CLF	F	-0.5%
OLN	F	-0.5%
BLD	D	-0.5%
NVEE	F	-0.5%
HAYN	A	-0.5%
MTUS	C	-0.49%
J	D	-0.49%
IIIN	C	-0.48%
ATI	C	-0.48%
WOR	F	-0.47%
WMS	F	-0.46%
WLK	D	-0.46%
MDU	D	-0.36%
MATV	D	-0.33%
NVRI	D	-0.33%
TTEK	F	-0.09%