RAVI vs. IWX ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to iShares Russell Top 200 Value ETF (IWX)

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

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

IWX

iShares Russell Top 200 Value ETF

IWX Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Value Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization value sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$84.27

Average Daily Volume

315,888

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	IWX
30 Days	0.41%	2.62%
60 Days	0.65%	4.46%
90 Days	1.23%	6.64%
12 Months	5.45%	28.30%

46 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in IWX	Overlap
ABBV	D	0.13%	1.0%	0.13%
AEP	D	0.38%	0.31%	0.31%
AIG	B	0.57%	0.3%	0.3%
AON	A	0.46%	0.45%	0.45%
AZO	C	0.52%	0.03%	0.03%
BA	F	0.15%	0.49%	0.15%
BAC	A	0.57%	1.91%	0.57%
BDX	F	0.51%	0.39%	0.39%
BMY	B	0.43%	0.69%	0.43%
C	A	0.24%	0.79%	0.24%
CAT	B	0.26%	0.97%	0.26%
CI	F	0.67%	0.49%	0.49%
CMCSA	B	0.28%	0.99%	0.28%
COF	B	0.06%	0.42%	0.06%
CRM	B	0.4%	0.28%	0.28%
CVS	D	0.16%	0.4%	0.16%
CVX	A	0.33%	1.68%	0.33%
D	C	0.51%	0.29%	0.29%
DELL	C	0.28%	0.18%	0.18%
DHR	F	0.86%	0.9%	0.86%
DUK	C	0.07%	0.52%	0.07%
GE	D	0.76%	0.91%	0.76%
GILD	C	0.59%	0.66%	0.59%
GM	B	0.1%	0.38%	0.1%
GS	A	0.26%	0.83%	0.26%
ICE	C	0.15%	0.53%	0.15%
JPM	A	0.03%	4.24%	0.03%
KDP	D	0.95%	0.21%	0.21%
MDLZ	F	0.09%	0.52%	0.09%
MET	A	0.13%	0.3%	0.13%
MS	A	0.06%	0.88%	0.06%
NEE	D	0.57%	0.95%	0.57%
PCAR	B	0.05%	0.35%	0.05%
PSX	C	0.16%	0.33%	0.16%
PYPL	B	0.95%	0.53%	0.53%
ROP	B	0.07%	0.35%	0.07%
SBUX	A	0.18%	0.15%	0.15%
SCHW	B	0.42%	0.65%	0.42%
SO	D	0.26%	0.58%	0.26%
SYK	C	0.49%	0.6%	0.49%
T	A	0.3%	0.98%	0.3%
TFC	A	0.59%	0.37%	0.37%
UNH	C	0.43%	3.06%	0.43%
VLO	C	1.51%	0.27%	0.27%
VZ	C	0.1%	1.06%	0.1%
WFC	A	0.26%	1.57%	0.26%

RAVI Overweight 55 Positions Relative to IWX

Symbol	Grade	Weight
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
LYB	F	0.83%
DTE	C	0.77%
TSN	B	0.7%
WM	A	0.69%
CM	A	0.62%
GP	F	0.59%
SJM	D	0.57%
NVDA	C	0.52%
BNS	A	0.52%
TD	F	0.51%
RY	A	0.51%
CCI	D	0.49%
AMZN	C	0.42%
VFC	C	0.39%
OGE	B	0.39%
ETR	B	0.38%
NDAQ	A	0.31%
ARCC	A	0.3%
HSBC	B	0.29%
CFG	B	0.29%
MLM	B	0.28%
DB	D	0.28%
CP	D	0.27%
CLX	B	0.26%
LEN	D	0.26%
ATHS	C	0.26%
AL	B	0.25%
CMS	C	0.24%
FIS	C	0.23%
MCHP	D	0.22%
FITB	A	0.22%
PPL	B	0.22%
FOXA	B	0.21%
NYC	D	0.21%
CNP	B	0.2%
LUV	C	0.18%
MKC	D	0.17%
AEE	A	0.17%
BHF	B	0.17%
KEY	B	0.16%
SEB	F	0.16%
UBS	C	0.16%
AZN	D	0.15%
NWG	C	0.15%
MUFG	B	0.14%
DHI	D	0.13%
AMT	D	0.13%
CNH	C	0.13%
HPE	B	0.11%
EFX	F	0.1%
R	B	0.08%
HRL	D	0.07%

RAVI Underweight 112 Positions Relative to IWX

Symbol	Grade	Weight
BRK.A	B	-5.18%
XOM	B	-3.23%
JNJ	D	-2.24%
WMT	A	-2.2%
PG	A	-1.87%
CSCO	B	-1.4%
ACN	C	-1.34%
LIN	D	-1.3%
DIS	B	-1.27%
ABT	B	-1.21%
PM	B	-1.2%
MCD	D	-1.19%
TMO	F	-1.18%
IBM	C	-1.13%
TXN	C	-0.97%
SPGI	C	-0.95%
RTX	C	-0.95%
LOW	D	-0.93%
BLK	C	-0.93%
ETN	A	-0.86%
PFE	D	-0.85%
COP	C	-0.79%
BSX	B	-0.77%
HON	B	-0.76%
CB	C	-0.7%
TMUS	B	-0.69%
MDT	D	-0.68%
MU	D	-0.64%
PLD	D	-0.63%
ADI	D	-0.62%
KO	D	-0.62%
INTC	D	-0.62%
DE	A	-0.61%
AXP	A	-0.61%
UPS	C	-0.59%
MO	A	-0.58%
MMC	B	-0.57%
PH	A	-0.54%
GEV	B	-0.54%
PNC	B	-0.5%
FI	A	-0.5%
EQIX	A	-0.49%
CME	A	-0.49%
HD	A	-0.49%
WELL	A	-0.49%
EOG	A	-0.47%
USB	A	-0.47%
LMT	D	-0.47%
ELV	F	-0.47%
GD	F	-0.47%
AMD	F	-0.45%
UNP	C	-0.45%
REGN	F	-0.44%
EMR	A	-0.44%
APD	A	-0.43%
KKR	A	-0.43%
MRVL	B	-0.42%
TGT	F	-0.42%
CRH	A	-0.41%
NOC	D	-0.41%
CSX	B	-0.41%
FDX	B	-0.4%
CARR	D	-0.38%
MAR	B	-0.38%
TT	A	-0.37%
FCX	D	-0.37%
SLB	C	-0.37%
NSC	B	-0.36%
CEG	D	-0.36%
TRV	B	-0.36%
VRTX	F	-0.36%
MMM	D	-0.35%
SRE	A	-0.35%
JCI	C	-0.34%
TDG	D	-0.33%
MPC	D	-0.33%
TJX	A	-0.33%
ITW	B	-0.3%
HCA	F	-0.29%
PEP	F	-0.28%
NEM	D	-0.28%
MCK	B	-0.27%
PSA	D	-0.27%
MSI	B	-0.26%
RSG	A	-0.26%
F	C	-0.26%
STZ	D	-0.23%
CL	D	-0.21%
APH	A	-0.21%
NKE	D	-0.21%
EW	C	-0.2%
OXY	D	-0.2%
AMGN	D	-0.2%
KHC	F	-0.17%
KMB	D	-0.16%
PGR	A	-0.14%
APO	B	-0.13%
ZTS	D	-0.08%
FTNT	C	-0.07%
QCOM	F	-0.07%
AMAT	F	-0.07%
MRNA	F	-0.07%
EL	F	-0.06%
BKNG	A	-0.06%
ECL	D	-0.05%
SHW	A	-0.05%
ADP	B	-0.05%
MNST	C	-0.04%
DASH	A	-0.04%
ORLY	B	-0.03%
CPRT	A	-0.02%
CTAS	B	-0.02%