RAVI vs. SPHB ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to PowerShares S&P 500 High Beta Portfolio (SPHB)

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

$75.37

Average Daily Volume

71,793

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$90.46

Average Daily Volume

235,069

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	SPHB
30 Days	0.32%	-1.05%
60 Days	0.70%	6.50%
90 Days	1.35%	7.21%
12 Months	5.49%	29.48%

11 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in SPHB	Overlap
AMZN	A	0.42%	1.06%	0.42%
CRM	B	0.4%	1.01%	0.4%
DHI	F	0.13%	0.71%	0.13%
EFX	D	0.1%	0.73%	0.1%
GE	C	0.76%	0.76%	0.76%
KEY	B	0.16%	0.9%	0.16%
LEN	D	0.26%	0.74%	0.26%
MCHP	F	0.22%	1.03%	0.22%
MLM	B	0.28%	0.75%	0.28%
NVDA	B	0.52%	2.06%	0.52%
PYPL	A	0.95%	0.99%	0.95%

RAVI Overweight 90 Positions Relative to SPHB

Symbol	Grade	Weight
VLO	D	1.51%
ED	D	1.05%
OGS	A	1.05%
OTIS	C	0.95%
KDP	D	0.95%
DHR	F	0.86%
LYB	F	0.83%
DTE	D	0.77%
TSN	C	0.7%
WM	A	0.69%
CI	D	0.67%
CM	A	0.62%
GP	F	0.59%
GILD	C	0.59%
TFC	B	0.59%
AIG	B	0.57%
SJM	F	0.57%
NEE	D	0.57%
BAC	A	0.57%
AZO	C	0.52%
BNS	A	0.52%
D	D	0.51%
BDX	D	0.51%
TD	D	0.51%
RY	B	0.51%
SYK	A	0.49%
CCI	F	0.49%
AON	A	0.46%
UNH	B	0.43%
BMY	B	0.43%
SCHW	A	0.42%
VFC	C	0.39%
OGE	B	0.39%
ETR	B	0.38%
AEP	D	0.38%
CVX	B	0.33%
NDAQ	A	0.31%
ARCC	B	0.3%
T	A	0.3%
HSBC	C	0.29%
CFG	B	0.29%
DELL	B	0.28%
CMCSA	B	0.28%
DB	C	0.28%
CP	F	0.27%
WFC	A	0.26%
CAT	C	0.26%
CLX	A	0.26%
SO	D	0.26%
ATHS	C	0.26%
GS	B	0.26%
AL	B	0.25%
C	A	0.24%
CMS	C	0.24%
FIS	B	0.23%
FITB	A	0.22%
PPL	A	0.22%
FOXA	A	0.21%
NYC	D	0.21%
CNP	B	0.2%
SBUX	B	0.18%
LUV	B	0.18%
MKC	D	0.17%
AEE	A	0.17%
BHF	B	0.17%
CVS	F	0.16%
SEB	D	0.16%
UBS	C	0.16%
PSX	D	0.16%
AZN	F	0.15%
NWG	C	0.15%
BA	F	0.15%
ICE	D	0.15%
MUFG	A	0.14%
MET	C	0.13%
AMT	F	0.13%
CNH	D	0.13%
ABBV	D	0.13%
HPE	B	0.11%
GM	A	0.1%
VZ	C	0.1%
MDLZ	F	0.09%
R	A	0.08%
HRL	F	0.07%
ROP	A	0.07%
DUK	D	0.07%
COF	B	0.06%
MS	A	0.06%
PCAR	B	0.05%
JPM	B	0.03%

RAVI Underweight 86 Positions Relative to SPHB

Symbol	Grade	Weight
TSLA	B	-1.79%
AVGO	C	-1.64%
NCLH	B	-1.62%
AMD	F	-1.6%
CCL	A	-1.55%
CRWD	B	-1.5%
ANET	C	-1.48%
ALB	B	-1.45%
UAL	B	-1.44%
MPWR	F	-1.44%
GNRC	B	-1.34%
BLDR	D	-1.34%
VST	B	-1.34%
MU	D	-1.34%
CZR	F	-1.29%
LRCX	F	-1.25%
AMAT	F	-1.24%
URI	B	-1.24%
ON	F	-1.21%
TER	F	-1.21%
META	B	-1.21%
DAY	C	-1.19%
RCL	A	-1.16%
BX	A	-1.16%
CDNS	B	-1.15%
JBL	C	-1.14%
SNPS	B	-1.14%
KKR	B	-1.14%
WDC	D	-1.13%
KLAC	F	-1.13%
ORCL	A	-1.13%
PWR	B	-1.12%
SMCI	F	-1.12%
QCOM	F	-1.1%
ABNB	C	-1.09%
NOW	A	-1.07%
CEG	D	-1.05%
ETN	A	-1.04%
ADSK	A	-1.03%
INTC	C	-1.02%
BXP	D	-1.02%
HUBB	B	-1.01%
NXPI	F	-1.01%
ALGN	F	-1.01%
PANW	A	-1.0%
BKNG	A	-0.98%
KEYS	C	-0.96%
LW	C	-0.96%
UBER	F	-0.95%
PH	A	-0.95%
ZBRA	A	-0.95%
PODD	B	-0.94%
CARR	C	-0.93%
FICO	B	-0.91%
FCX	F	-0.89%
ADI	F	-0.89%
LULU	C	-0.89%
DECK	B	-0.87%
INTU	A	-0.86%
GOOG	B	-0.85%
ISRG	A	-0.85%
ANSS	B	-0.85%
PHM	D	-0.84%
APH	B	-0.84%
ROK	B	-0.82%
SWKS	F	-0.81%
IVZ	C	-0.81%
WBD	B	-0.81%
FSLR	F	-0.81%
TROW	B	-0.8%
CRL	C	-0.8%
TXN	C	-0.79%
RMD	C	-0.79%
MHK	D	-0.77%
ARE	F	-0.77%
ENPH	F	-0.76%
CPRT	A	-0.75%
KMX	C	-0.75%
MGM	D	-0.74%
ADBE	C	-0.74%
EPAM	B	-0.74%
IDXX	D	-0.69%
IQV	F	-0.65%
QRVO	F	-0.59%
APTV	D	-0.58%
AES	F	-0.58%