RAVI vs. PVAL ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Putnam Focused Large Cap Value ETF (PVAL)

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

$75.33

Average Daily Volume

84,845

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

PVAL

Putnam Focused Large Cap Value ETF

PVAL Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index (the parent index) that appear to be undervalued by the market relative to their fundamental value.

Grade (RS Rating)

Last Trade

$38.12

Average Daily Volume

331,422

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	PVAL
30 Days	0.43%	2.95%
60 Days	0.96%	9.18%
90 Days	1.51%	5.42%
12 Months	5.66%	36.44%

14 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in PVAL	Overlap
ABBV	C	0.13%	1.42%	0.13%
AIG	C	0.57%	2.23%	0.57%
AZN	D	0.15%	1.93%	0.15%
BAC	B	0.57%	3.55%	0.57%
C	B	0.24%	3.57%	0.24%
COF	A	0.06%	2.56%	0.06%
GM	D	0.1%	1.95%	0.1%
GS	B	0.26%	2.1%	0.26%
LUV	B	0.18%	2.32%	0.18%
NEE	C	0.57%	1.84%	0.57%
PPL	C	0.22%	1.72%	0.22%
SCHW	D	0.42%	1.6%	0.42%
UNH	B	0.43%	3.32%	0.43%
VLO	F	1.51%	1.49%	1.49%

RAVI Overweight 87 Positions Relative to PVAL

Symbol	Grade	Weight
ED	C	1.05%
OGS	C	1.05%
OTIS	A	0.95%
PYPL	A	0.95%
KDP	C	0.95%
DHR	D	0.86%
LYB	B	0.83%
DTE	B	0.77%
GE	B	0.76%
TSN	D	0.7%
WM	B	0.69%
CI	D	0.67%
CM	C	0.62%
GP	D	0.59%
GILD	A	0.59%
TFC	D	0.59%
SJM	D	0.57%
AZO	D	0.52%
NVDA	B	0.52%
BNS	C	0.52%
D	A	0.51%
BDX	C	0.51%
TD	B	0.51%
RY	C	0.51%
SYK	C	0.49%
CCI	D	0.49%
AON	A	0.46%
BMY	A	0.43%
AMZN	C	0.42%
CRM	B	0.4%
VFC	A	0.39%
OGE	C	0.39%
ETR	A	0.38%
AEP	C	0.38%
CVX	B	0.33%
NDAQ	C	0.31%
ARCC	A	0.3%
T	B	0.3%
HSBC	A	0.29%
CFG	C	0.29%
MLM	F	0.28%
DELL	C	0.28%
CMCSA	B	0.28%
DB	A	0.28%
CP	C	0.27%
WFC	B	0.26%
CAT	A	0.26%
CLX	C	0.26%
LEN	C	0.26%
SO	A	0.26%
ATHS	A	0.26%
AL	D	0.25%
CMS	A	0.24%
FIS	A	0.23%
MCHP	F	0.22%
FITB	C	0.22%
FOXA	B	0.21%
NYC	D	0.21%
CNP	B	0.2%
SBUX	B	0.18%
MKC	C	0.17%
AEE	A	0.17%
BHF	D	0.17%
CVS	D	0.16%
KEY	B	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	D	0.16%
NWG	B	0.15%
BA	F	0.15%
ICE	A	0.15%
MUFG	D	0.14%
MET	A	0.13%
DHI	C	0.13%
AMT	D	0.13%
CNH	C	0.13%
HPE	B	0.11%
EFX	D	0.1%
VZ	C	0.1%
MDLZ	D	0.09%
R	C	0.08%
HRL	F	0.07%
ROP	D	0.07%
DUK	C	0.07%
MS	A	0.06%
PCAR	D	0.05%
JPM	C	0.03%

RAVI Underweight 30 Positions Relative to PVAL

Symbol	Grade	Weight
WMT	A	-4.04%
XOM	A	-3.94%
TMO	D	-3.56%
NXPI	F	-2.96%
KO	C	-2.94%
ORCL	A	-2.78%
FDX	F	-2.6%
HLT	A	-2.55%
SNY	C	-2.53%
COP	D	-2.48%
PHM	C	-2.48%
MCK	F	-2.44%
MSFT	D	-2.41%
GLPI	C	-2.34%
NOC	B	-2.2%
FCX	B	-2.12%
APO	A	-2.1%
PM	D	-2.04%
IR	A	-1.99%
QCOM	D	-1.78%
REGN	D	-1.64%
BJ	B	-1.62%
TMUS	A	-1.44%
JCI	C	-1.43%
NRG	A	-1.4%
EMN	C	-1.34%
CTVA	A	-1.33%
BALL	C	-1.3%
URI	C	-1.08%
CHTR	D	-1.01%