RAVI vs. VCLT ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to Vanguard Long-Term Corporate Bond ETF (VCLT)

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

$75.43

Average Daily Volume

74,707

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$76.55

Average Daily Volume

2,396,634

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	VCLT
30 Days	0.38%	-1.09%
60 Days	0.67%	-5.46%
90 Days	1.22%	-3.85%
12 Months	5.43%	8.09%

73 Overlapping Holdings

Symbol	Grade	Weight in RAVI	Weight in VCLT	Overlap
ABBV	F	0.13%	0.03%	0.03%
AEE	A	0.17%	0.01%	0.01%
AEP	C	0.38%	0.01%	0.01%
AIG	B	0.57%	0.01%	0.01%
AMT	C	0.13%	0.03%	0.03%
AMZN	C	0.42%	0.05%	0.05%
AON	A	0.46%	0.01%	0.01%
AZN	F	0.15%	0.02%	0.02%
BA	F	0.15%	0.01%	0.01%
BAC	A	0.57%	0.02%	0.02%
BDX	F	0.51%	0.01%	0.01%
BHF	C	0.17%	0.04%	0.04%
BMY	B	0.43%	0.03%	0.03%
C	A	0.24%	0.01%	0.01%
CAT	B	0.26%	0.01%	0.01%
CCI	C	0.49%	0.02%	0.02%
CFG	B	0.29%	0.03%	0.03%
CI	D	0.67%	0.02%	0.02%
CMCSA	B	0.28%	0.01%	0.01%
CMS	C	0.24%	0.01%	0.01%
CNP	A	0.2%	0.01%	0.01%
CP	F	0.27%	0.02%	0.02%
CRM	B	0.4%	0.05%	0.05%
CVS	D	0.16%	0.01%	0.01%
CVX	A	0.33%	0.02%	0.02%
D	C	0.51%	0.01%	0.01%
DELL	B	0.28%	0.11%	0.11%
DHR	F	0.86%	0.02%	0.02%
DTE	C	0.77%	0.01%	0.01%
DUK	C	0.07%	0.01%	0.01%
ED	C	1.05%	0.01%	0.01%
ETR	B	0.38%	0.01%	0.01%
FIS	C	0.23%	0.02%	0.02%
FITB	B	0.22%	0.07%	0.07%
FOXA	A	0.21%	0.07%	0.07%
GE	D	0.76%	0.02%	0.02%
GILD	C	0.59%	0.02%	0.02%
GM	C	0.1%	0.01%	0.01%
GS	A	0.26%	0.01%	0.01%
HPE	B	0.11%	0.04%	0.04%
HRL	D	0.07%	0.02%	0.02%
HSBC	A	0.29%	0.02%	0.02%
ICE	C	0.15%	0.02%	0.02%
JPM	A	0.03%	0.01%	0.01%
KDP	F	0.95%	0.01%	0.01%
LYB	F	0.83%	0.01%	0.01%
MDLZ	F	0.09%	0.03%	0.03%
MET	A	0.13%	0.02%	0.02%
MKC	C	0.17%	0.02%	0.02%
MLM	C	0.28%	0.03%	0.03%
MS	A	0.06%	0.05%	0.05%
MUFG	B	0.14%	0.03%	0.03%
NDAQ	A	0.31%	0.02%	0.02%
NEE	C	0.57%	0.01%	0.01%
NVDA	B	0.52%	0.03%	0.03%
OGE	A	0.39%	0.01%	0.01%
OGS	A	1.05%	0.02%	0.02%
OTIS	C	0.95%	0.02%	0.02%
PPL	A	0.22%	0.01%	0.01%
PSX	C	0.16%	0.03%	0.03%
PYPL	B	0.95%	0.03%	0.03%
SBUX	A	0.18%	0.01%	0.01%
SCHW	B	0.42%	0.02%	0.02%
SJM	D	0.57%	0.01%	0.01%
SO	C	0.26%	0.01%	0.01%
SYK	B	0.49%	0.02%	0.02%
T	A	0.3%	0.01%	0.01%
TSN	B	0.7%	0.02%	0.02%
UNH	B	0.43%	0.01%	0.01%
VLO	C	1.51%	0.03%	0.03%
VZ	C	0.1%	0.01%	0.01%
WFC	A	0.26%	0.01%	0.01%
WM	B	0.69%	0.03%	0.03%

RAVI Overweight 28 Positions Relative to VCLT

Symbol	Grade	Weight
CM	A	0.62%
GP	F	0.59%
TFC	A	0.59%
AZO	C	0.52%
BNS	A	0.52%
TD	D	0.51%
RY	A	0.51%
VFC	C	0.39%
ARCC	A	0.3%
DB	D	0.28%
CLX	A	0.26%
LEN	D	0.26%
ATHS	D	0.26%
AL	B	0.25%
MCHP	F	0.22%
NYC	D	0.21%
LUV	C	0.18%
KEY	B	0.16%
SEB	F	0.16%
UBS	B	0.16%
NWG	A	0.15%
DHI	F	0.13%
CNH	C	0.13%
EFX	F	0.1%
R	B	0.08%
ROP	B	0.07%
COF	C	0.06%
PCAR	B	0.05%

RAVI Underweight 266 Positions Relative to VCLT

Symbol	Grade	Weight
WIT	B	-0.21%
EQH	C	-0.09%
MDT	D	-0.08%
WY	F	-0.07%
DD	C	-0.07%
CSCO	B	-0.07%
AXP	A	-0.06%
COST	A	-0.06%
HPQ	B	-0.06%
HCA	F	-0.06%
CARR	C	-0.06%
CAG	F	-0.05%
SCCO	F	-0.05%
BIIB	F	-0.05%
TAP	C	-0.05%
L	A	-0.04%
WBA	F	-0.04%
LIN	C	-0.04%
NXPI	D	-0.04%
DT	D	-0.04%
TJX	A	-0.04%
GPN	B	-0.04%
JNPR	D	-0.04%
NEM	D	-0.04%
GOOGL	C	-0.04%
BHP	F	-0.04%
AVGO	D	-0.04%
ORCL	A	-0.04%
AAPL	C	-0.04%
ORI	A	-0.03%
FTV	C	-0.03%
FANG	C	-0.03%
AAL	B	-0.03%
STE	D	-0.03%
WU	F	-0.03%
WEST	C	-0.03%
NOV	C	-0.03%
OHI	C	-0.03%
LH	B	-0.03%
LEA	F	-0.03%
DG	F	-0.03%
CPT	B	-0.03%
PKG	A	-0.03%
RPM	A	-0.03%
SPGI	C	-0.03%
CME	B	-0.03%
CF	A	-0.03%
RPRX	D	-0.03%
APD	A	-0.03%
AMAT	F	-0.03%
EBAY	D	-0.03%
DVN	F	-0.03%
MAR	A	-0.03%
ITW	B	-0.03%
CB	C	-0.03%
RJF	A	-0.03%
VTRS	A	-0.03%
MPLX	A	-0.03%
ALLY	C	-0.03%
INTC	C	-0.03%
TMUS	B	-0.03%
CHTR	C	-0.03%
ABT	B	-0.03%
WPC	C	-0.02%
PWR	A	-0.02%
PECO	A	-0.02%
REGN	F	-0.02%
CHD	A	-0.02%
ZBH	C	-0.02%
STLD	B	-0.02%
FE	C	-0.02%
FMC	D	-0.02%
BAX	F	-0.02%
CMI	A	-0.02%
CL	D	-0.02%
CINF	A	-0.02%
LHX	C	-0.02%
O	C	-0.02%
IVZ	B	-0.02%
HOG	D	-0.02%
SBRA	C	-0.02%
TEL	B	-0.02%
AFG	A	-0.02%
CPB	D	-0.02%
VMI	B	-0.02%
XYL	D	-0.02%
WTRG	B	-0.02%
WHR	B	-0.02%
AJG	A	-0.02%
AVY	F	-0.02%
KSS	F	-0.02%
NWE	B	-0.02%
MSI	B	-0.02%
K	A	-0.02%
PAA	B	-0.02%
LRCX	F	-0.02%
GWW	B	-0.02%
KLAC	F	-0.02%
EMN	C	-0.02%
ADI	D	-0.02%
ROK	C	-0.02%
PH	A	-0.02%
MOS	F	-0.02%
LNC	C	-0.02%
VRSK	A	-0.02%
EG	C	-0.02%
ES	C	-0.02%
STZ	D	-0.02%
MCO	B	-0.02%
AFL	B	-0.02%
NI	A	-0.02%
TXN	C	-0.02%
SWK	D	-0.02%
DE	B	-0.02%
TGT	F	-0.02%
HES	B	-0.02%
DOW	F	-0.02%
UPS	C	-0.02%
ECL	D	-0.02%
MPC	D	-0.02%
HAL	C	-0.02%
EPD	A	-0.02%
JNJ	C	-0.02%
PEP	F	-0.02%
PM	B	-0.02%
MA	B	-0.02%
WMT	A	-0.02%
NOC	D	-0.02%
QCOM	F	-0.02%
IBM	C	-0.02%
COP	C	-0.02%
RTX	D	-0.02%
PFE	F	-0.02%
XOM	B	-0.02%
VOD	F	-0.02%
GSK	F	-0.02%
V	A	-0.02%
HIW	C	-0.01%
FRT	B	-0.01%
AGO	B	-0.01%
AMH	C	-0.01%
EXR	C	-0.01%
BXP	C	-0.01%
BWA	D	-0.01%
AVA	A	-0.01%
APTV	F	-0.01%
DRI	B	-0.01%
ALB	B	-0.01%
INGR	C	-0.01%
IDA	A	-0.01%
EMR	B	-0.01%
MAA	B	-0.01%
LXP	D	-0.01%
OPI	F	-0.01%
JD	D	-0.01%
SIGI	C	-0.01%
EA	A	-0.01%
DOC	C	-0.01%
ADC	A	-0.01%
BEN	C	-0.01%
CACC	D	-0.01%
FNF	B	-0.01%
AES	F	-0.01%
PHM	D	-0.01%
PFG	D	-0.01%
PEG	A	-0.01%
VTR	B	-0.01%
ESS	B	-0.01%
MAS	D	-0.01%
RF	A	-0.01%
REG	A	-0.01%
EE	A	-0.01%
BKH	A	-0.01%
SWX	B	-0.01%
VOYA	B	-0.01%
SNA	A	-0.01%
DOV	A	-0.01%
KRC	B	-0.01%
EQIX	A	-0.01%
KIM	A	-0.01%
UDR	B	-0.01%
TT	A	-0.01%
UAL	A	-0.01%
MKL	A	-0.01%
HSY	F	-0.01%
IPG	D	-0.01%
KOF	F	-0.01%
EOG	A	-0.01%
CAH	B	-0.01%
WELL	A	-0.01%
WRB	A	-0.01%
PNW	A	-0.01%
PLD	F	-0.01%
RSG	A	-0.01%
PG	C	-0.01%
HIG	B	-0.01%
JEF	A	-0.01%
IFF	D	-0.01%
HAS	D	-0.01%
EVRG	A	-0.01%
ETN	A	-0.01%
AWK	C	-0.01%
AVB	B	-0.01%
UNM	A	-0.01%
WEC	A	-0.01%
EQR	C	-0.01%
ATO	A	-0.01%
ZTS	D	-0.01%
SRE	A	-0.01%
PGR	A	-0.01%
VMC	B	-0.01%
NNN	C	-0.01%
NUE	C	-0.01%
HUM	C	-0.01%
EXC	C	-0.01%
LNT	A	-0.01%
OC	A	-0.01%
ACGL	C	-0.01%
XEL	A	-0.01%
SPG	A	-0.01%
WLK	D	-0.01%
GLW	B	-0.01%
JCI	B	-0.01%
EL	F	-0.01%
ALL	A	-0.01%
TRV	B	-0.01%
TMO	F	-0.01%
MMC	B	-0.01%
LLY	F	-0.01%
HON	C	-0.01%
JBLU	F	-0.01%
KR	B	-0.01%
FDX	B	-0.01%
CSX	C	-0.01%
EIX	B	-0.01%
KMB	C	-0.01%
ADM	D	-0.01%
ARE	F	-0.01%
PRU	A	-0.01%
IP	A	-0.01%
GIS	D	-0.01%
KMI	A	-0.01%
GD	D	-0.01%
WMB	A	-0.01%
SHW	B	-0.01%
OKE	A	-0.01%
MRO	B	-0.01%
NSC	B	-0.01%
LOW	C	-0.01%
BSX	A	-0.01%
LMT	D	-0.01%
ET	A	-0.01%
SYY	D	-0.01%
MMM	D	-0.01%
NKE	F	-0.01%
MO	A	-0.01%
MCD	D	-0.01%
MRK	D	-0.01%
UNP	C	-0.01%
DIS	B	-0.01%
BABA	D	-0.01%
PCG	A	-0.01%
KO	D	-0.01%
HD	B	-0.01%
AMGN	F	-0.01%
MSFT	D	-0.01%