RAVI vs. SCHF ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Schwab International Equity ETF (SCHF)

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

$75.56

Average Daily Volume

75,060

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

SCHF

Schwab International Equity ETF

SCHF Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Developed ex-US Index. The fund invests at least 90% of net assets in stocks that are included in the index. The index is comprised of large and mid capitalization companies in developed countries outside the United States, as defined by the index provider. It will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry, group of industries or sector to approximately the same extent that its index is so concentrated. The fund may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$40.71

Average Daily Volume

3,287,096

Number of Holdings ^*

36

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	SCHF
30 Days	0.62%	0.38%
60 Days	1.15%	2.69%
90 Days	1.16%	4.40%
12 Months	5.33%	17.46%

3 Overlapping Holdings

	Symbol	Grade	Weight in RAVI	Weight in SCHF	Overlap
	ABBV	C	0.13%	0.41%	0.13%
	MUFG	D	0.14%	0.52%	0.14%
	TD	A	0.51%	0.52%	0.51%

RAVI Overweight 98 Positions Relative to SCHF

	Symbol	Grade	Weight
	VLO	D	1.51%
	ED	C	1.05%
	OGS	B	1.05%
	OTIS	D	0.95%
	PYPL	B	0.95%
	KDP	A	0.95%
	DHR	B	0.86%
	LYB	F	0.83%
	DTE	B	0.77%
	GE	B	0.76%
	TSN	C	0.7%
	WM	D	0.69%
	CI	C	0.67%
	CM	B	0.62%
	GP	D	0.59%
	GILD	B	0.59%
	TFC	D	0.59%
	AIG	D	0.57%
	SJM	C	0.57%
	NEE	B	0.57%
	BAC	D	0.57%
	AZO	D	0.52%
	NVDA	D	0.52%
	BNS	A	0.52%
	D	C	0.51%
	BDX	F	0.51%
	RY	B	0.51%
	SYK	C	0.49%
	CCI	B	0.49%
	AON	B	0.46%
	UNH	C	0.43%
	BMY	C	0.43%
	AMZN	C	0.42%
	SCHW	D	0.42%
	CRM	D	0.4%
	VFC	C	0.39%
	OGE	B	0.39%
	ETR	A	0.38%
	AEP	B	0.38%
	CVX	D	0.33%
	NDAQ	B	0.31%
	ARCC	C	0.3%
	T	B	0.3%
	HSBC	B	0.29%
	CFG	D	0.29%
	MLM	D	0.28%
	DELL	D	0.28%
	CMCSA	D	0.28%
	DB	B	0.28%
	CP	B	0.27%
	WFC	D	0.26%
	CAT	C	0.26%
	CLX	C	0.26%
	LEN	B	0.26%
	SO	B	0.26%
	ATHS	A	0.26%
	GS	D	0.26%
	AL	D	0.25%
	C	D	0.24%
	CMS	A	0.24%
	FIS	B	0.23%
	MCHP	D	0.22%
	FITB	B	0.22%
	PPL	C	0.22%
	FOXA	B	0.21%
	NYC	C	0.21%
	CNP	C	0.2%
	SBUX	C	0.18%
	LUV	C	0.18%
	MKC	B	0.17%
	AEE	B	0.17%
	BHF	D	0.17%
	CVS	D	0.16%
	KEY	B	0.16%
	SEB	C	0.16%
	UBS	D	0.16%
	PSX	D	0.16%
	AZN	D	0.15%
	NWG	B	0.15%
	BA	F	0.15%
	ICE	B	0.15%
	MET	A	0.13%
	DHI	B	0.13%
	AMT	C	0.13%
	CNH	C	0.13%
	HPE	D	0.11%
	EFX	C	0.1%
	GM	B	0.1%
	VZ	B	0.1%
	MDLZ	B	0.09%
	R	B	0.08%
	HRL	C	0.07%
	ROP	C	0.07%
	DUK	C	0.07%
	COF	C	0.06%
	MS	D	0.06%
	PCAR	D	0.05%
	JPM	D	0.03%

RAVI Underweight 33 Positions Relative to SCHF

	Symbol	Grade	Weight
	NVS	C	-1.11%
	TM	F	-0.99%
	UL	C	-0.75%
	SONY	D	-0.53%
	SHOP	C	-0.41%
	SMFG	D	-0.37%
	DEO	C	-0.35%
	CNI	D	-0.32%
	HMC	D	-0.24%
	MFG	D	-0.24%
	LYG	B	-0.23%
	WCN	D	-0.22%
	BCS	B	-0.2%
	FLUT	B	-0.18%
	GOLD	B	-0.17%
	E	C	-0.16%
	STLA	F	-0.14%
	SW	B	-0.11%
	KB	D	-0.09%
	SHG	C	-0.09%
	XRX	F	-0.07%
	NMR	F	-0.07%
	LOGI	D	-0.06%
	QGEN	B	-0.05%
	MT	D	-0.05%
	AGCO	D	-0.03%
	MBAVU	C	-0.02%
	KEP	C	-0.02%
	AEI	D	-0.02%
	LPL	F	-0.01%
	ELBM	C	-0.0%
	MNTX	D	-0.0%
	PIXY	F	-0.0%

RAVI: Top Represented Industries & Keywords

Industries: Banks - Global Utilities - Regulated Electric Banks - Regional - US Drug Manufacturers - Major Capital Markets Health Care Plans Packaged Foods Telecom Services Auto Manufacturers Business Services Credit Services Farm & Construction Equipment Financial Data & Stock Exchanges Insurance - Life Oil & Gas Refining & Marketing Rental & Leasing Services Residential Construction Semiconductors Specialty Industrial Machinery Specialty Retail

Keywords: S&P 500 Bank Banking Electricity Financial Products Natural Gas Nasdaq 100 Commercial Banking Investment Bank Cash Management Investment Banking Dow Jones Component Asset Management Services Insurance Investment Product Wealth Management Gas Transmission Insurance Products Natural Gas Transmission Primary Dealers

SCHF: Top Represented Industries & Keywords

Industries: Banks - Global Auto Manufacturers Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Diversified Industrials Farm & Construction Equipment Gambling Gold Household & Personal Products Information Technology Services Oil & Gas Integrated Other Industrial Metals & Mining Packaging & Containers Railroads

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Asset Management Commercial Banking Corporate Banking Insurance Products Investment Bank Structured Finance Advisory Services Asset Management Services Cars Financial Advisory Services Investment Product Project Finance Securitization Syndicated Loan Account Management