RAVI vs. SHE ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to SPDR SSGA Gender Diversity Index ETF (SHE)

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

$75.34

Average Daily Volume

71,467

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$119.28

Average Daily Volume

3,351

Number of Holdings ^*

239

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	SHE
30 Days	0.30%	1.90%
60 Days	0.68%	6.76%
90 Days	1.25%	8.53%
12 Months	5.48%	34.56%

41 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in SHE	Overlap
AEE	B	0.17%	0.07%	0.07%
AEP	D	0.38%	0.16%	0.16%
AIG	B	0.57%	0.2%	0.2%
BA	F	0.15%	0.28%	0.15%
BAC	A	0.57%	1.18%	0.57%
C	B	0.24%	0.5%	0.24%
CAT	B	0.26%	1.0%	0.26%
CI	D	0.67%	0.31%	0.31%
CLX	A	0.26%	0.08%	0.08%
CMS	D	0.24%	0.06%	0.06%
CNP	B	0.2%	0.08%	0.08%
COF	B	0.06%	0.24%	0.06%
CVS	F	0.16%	0.26%	0.16%
CVX	A	0.33%	0.98%	0.33%
D	D	0.51%	0.23%	0.23%
DHI	D	0.13%	0.23%	0.13%
DTE	D	0.77%	0.11%	0.11%
DUK	D	0.07%	0.27%	0.07%
ED	D	1.05%	0.13%	0.13%
ETR	B	0.38%	0.11%	0.11%
FIS	B	0.23%	0.17%	0.17%
FITB	A	0.22%	0.12%	0.12%
GE	D	0.76%	0.57%	0.57%
GILD	B	0.59%	0.45%	0.45%
HRL	F	0.07%	0.04%	0.04%
JPM	A	0.03%	2.66%	0.03%
KEY	B	0.16%	0.07%	0.07%
LUV	B	0.18%	0.02%	0.02%
LYB	F	0.83%	0.07%	0.07%
NVDA	A	0.52%	4.91%	0.52%
PPL	A	0.22%	0.09%	0.09%
PSX	C	0.16%	0.15%	0.15%
SBUX	B	0.18%	0.91%	0.18%
SCHW	B	0.42%	0.44%	0.42%
SJM	F	0.57%	0.05%	0.05%
T	A	0.3%	0.62%	0.3%
TFC	B	0.59%	0.24%	0.24%
TSN	B	0.7%	0.05%	0.05%
UNH	B	0.43%	1.77%	0.43%
VZ	D	0.1%	0.77%	0.1%
WFC	A	0.26%	0.94%	0.26%

RAVI Overweight 60 Positions Relative to SHE

Symbol	Grade	Weight
VLO	C	1.51%
OGS	B	1.05%
OTIS	D	0.95%
PYPL	A	0.95%
KDP	C	0.95%
DHR	F	0.86%
WM	A	0.69%
CM	A	0.62%
GP	F	0.59%
NEE	D	0.57%
AZO	B	0.52%
BNS	A	0.52%
BDX	F	0.51%
TD	D	0.51%
RY	C	0.51%
SYK	A	0.49%
CCI	F	0.49%
AON	B	0.46%
BMY	B	0.43%
AMZN	A	0.42%
CRM	B	0.4%
VFC	C	0.39%
OGE	B	0.39%
NDAQ	B	0.31%
ARCC	A	0.3%
HSBC	B	0.29%
CFG	B	0.29%
MLM	B	0.28%
DELL	C	0.28%
CMCSA	B	0.28%
DB	D	0.28%
CP	F	0.27%
LEN	D	0.26%
SO	D	0.26%
ATHS	C	0.26%
GS	B	0.26%
AL	B	0.25%
MCHP	F	0.22%
FOXA	A	0.21%
NYC	D	0.21%
MKC	D	0.17%
BHF	B	0.17%
SEB	F	0.16%
UBS	B	0.16%
AZN	F	0.15%
NWG	B	0.15%
ICE	C	0.15%
MUFG	A	0.14%
MET	C	0.13%
AMT	F	0.13%
CNH	D	0.13%
ABBV	F	0.13%
HPE	B	0.11%
EFX	F	0.1%
GM	B	0.1%
MDLZ	F	0.09%
R	B	0.08%
ROP	A	0.07%
MS	A	0.06%
PCAR	B	0.05%

RAVI Underweight 198 Positions Relative to SHE

Symbol	Grade	Weight
META	B	-4.72%
ACN	B	-4.32%
AAPL	C	-4.22%
MSFT	C	-4.21%
CSCO	A	-3.99%
INTU	A	-3.43%
LLY	F	-2.3%
INTC	C	-1.99%
NFLX	A	-1.73%
V	A	-1.62%
PG	C	-1.49%
JNJ	D	-1.46%
XOM	B	-1.46%
BKNG	A	-1.33%
ADSK	B	-1.23%
TJX	A	-1.18%
COST	B	-1.12%
KO	F	-1.0%
LOW	B	-0.95%
FTNT	B	-0.93%
MRK	F	-0.92%
LIN	D	-0.91%
ABT	C	-0.73%
PGR	A	-0.66%
AXP	B	-0.65%
MAR	A	-0.64%
CMG	B	-0.62%
UBER	F	-0.59%
SPGI	C	-0.57%
HUBS	B	-0.54%
HLT	A	-0.52%
ANSS	B	-0.51%
ETN	B	-0.5%
TMUS	A	-0.5%
HON	B	-0.49%
RTX	D	-0.49%
CDW	F	-0.48%
VRTX	B	-0.46%
TYL	B	-0.44%
GDDY	B	-0.44%
MMC	D	-0.43%
MDT	D	-0.42%
NKE	F	-0.42%
ROST	D	-0.42%
ABNB	C	-0.4%
DE	D	-0.34%
LULU	B	-0.32%
MCO	C	-0.32%
TT	B	-0.32%
NOC	D	-0.31%
PNC	B	-0.31%
MCK	B	-0.3%
ZTS	D	-0.3%
ITW	B	-0.29%
RCL	A	-0.29%
FLUT	A	-0.28%
TGT	C	-0.27%
TSCO	D	-0.27%
AKAM	F	-0.26%
CL	F	-0.26%
TWLO	B	-0.26%
EMR	A	-0.25%
MMM	C	-0.25%
EQIX	B	-0.25%
CMI	A	-0.24%
NEM	F	-0.23%
JCI	A	-0.23%
FDX	B	-0.22%
SPG	A	-0.22%
DLR	C	-0.22%
BK	B	-0.21%
EOG	A	-0.2%
ECL	C	-0.2%
WCN	A	-0.2%
NSC	B	-0.19%
CARR	C	-0.19%
PSA	D	-0.19%
VST	B	-0.19%
PRU	B	-0.19%
ALL	B	-0.18%
ULTA	C	-0.17%
GWW	B	-0.17%
CHTR	B	-0.17%
O	D	-0.16%
PEG	C	-0.16%
LNG	B	-0.16%
HIG	C	-0.15%
SQ	B	-0.15%
KR	A	-0.15%
BURL	C	-0.15%
COR	B	-0.15%
MTB	A	-0.14%
BKR	B	-0.14%
IDXX	F	-0.14%
EBAY	C	-0.14%
VICI	D	-0.14%
TTD	B	-0.14%
OXY	F	-0.14%
CSGP	F	-0.14%
WSM	F	-0.14%
DOW	F	-0.13%
CNC	F	-0.13%
IRM	D	-0.13%
GIS	F	-0.13%
WTW	A	-0.13%
DECK	B	-0.13%
EIX	C	-0.13%
EXC	C	-0.13%
XEL	A	-0.12%
EXR	D	-0.12%
VLTO	D	-0.12%
AWK	D	-0.12%
VTR	C	-0.12%
ALNY	D	-0.12%
EA	A	-0.12%
WEC	B	-0.11%
WBD	B	-0.11%
DD	D	-0.11%
ROK	B	-0.11%
WAB	B	-0.11%
CAH	B	-0.11%
APTV	F	-0.11%
XYL	F	-0.11%
STZ	D	-0.11%
FANG	C	-0.11%
BR	A	-0.1%
HSY	F	-0.1%
LVS	C	-0.1%
LDOS	C	-0.1%
FTV	C	-0.1%
GPN	B	-0.1%
AVB	B	-0.1%
RF	A	-0.09%
ILMN	C	-0.09%
SYF	B	-0.09%
BBY	C	-0.09%
HUBB	C	-0.09%
TTWO	A	-0.09%
TROW	A	-0.09%
BIIB	F	-0.09%
NTRS	A	-0.08%
CHD	A	-0.08%
PFG	C	-0.08%
LPLA	A	-0.08%
ADM	F	-0.08%
DKS	D	-0.08%
EQR	C	-0.08%
INVH	D	-0.08%
SW	B	-0.08%
PNR	A	-0.07%
TRU	D	-0.07%
EQT	B	-0.07%
OMC	A	-0.07%
J	D	-0.07%
MAA	C	-0.07%
FDS	A	-0.07%
DG	F	-0.07%
SSNC	C	-0.07%
KIM	A	-0.07%
LH	B	-0.07%
IFF	F	-0.07%
PINS	F	-0.07%
WY	F	-0.07%
SWK	F	-0.06%
OC	A	-0.06%
HST	D	-0.06%
UTHR	B	-0.06%
SNAP	C	-0.06%
AMCR	D	-0.06%
MGM	D	-0.06%
EL	F	-0.06%
KMX	B	-0.06%
INCY	B	-0.05%
FBIN	F	-0.05%
RPM	A	-0.05%
TXT	D	-0.05%
ACM	B	-0.05%
IPG	F	-0.05%
TFX	F	-0.04%
BBWI	C	-0.04%
Z	B	-0.04%
CRL	C	-0.04%
OVV	C	-0.04%
AMH	C	-0.04%
AIZ	A	-0.04%
PARA	B	-0.04%
NBIX	C	-0.04%
DAY	B	-0.04%
WYNN	C	-0.04%
ACI	C	-0.03%
CPB	F	-0.03%
WBA	D	-0.03%
NWSA	B	-0.03%
RIVN	F	-0.03%
DAL	A	-0.03%
ALB	C	-0.03%
CE	F	-0.03%
APA	F	-0.02%