RAVI vs. XMLV ETF Comparison

Comparison of FlexShares Ready Access Variable Income Fund (RAVI) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

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

84,299

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally 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, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$60.59

Average Daily Volume

44,251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RAVI	XMLV
30 Days	0.59%	0.95%
60 Days	1.03%	4.86%
90 Days	1.57%	11.61%
12 Months	5.74%	27.51%

2 Overlapping Holdings

	Symbol	Grade	Weight in RAVI	Weight in XMLV	Overlap
	OGE	A	0.39%	1.35%	0.39%
	OGS	C	1.05%	1.17%	1.05%

RAVI Overweight 99 Positions Relative to XMLV

Symbol	Grade	Weight
VLO	D	1.51%
ED	A	1.05%
OTIS	A	0.95%
PYPL	C	0.95%
KDP	C	0.95%
DHR	D	0.86%
LYB	F	0.83%
DTE	A	0.77%
GE	C	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%
AIG	F	0.57%
SJM	D	0.57%
NEE	A	0.57%
BAC	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	C	0.49%
AON	B	0.46%
UNH	B	0.43%
BMY	B	0.43%
AMZN	C	0.42%
SCHW	D	0.42%
CRM	B	0.4%
VFC	B	0.39%
ETR	A	0.38%
AEP	C	0.38%
CVX	B	0.33%
NDAQ	B	0.31%
ARCC	A	0.3%
T	A	0.3%
HSBC	A	0.29%
CFG	D	0.29%
MLM	F	0.28%
DELL	C	0.28%
CMCSA	C	0.28%
DB	C	0.28%
CP	D	0.27%
WFC	F	0.26%
CAT	A	0.26%
CLX	C	0.26%
LEN	B	0.26%
SO	A	0.26%
ATHS	A	0.26%
GS	D	0.26%
AL	D	0.25%
C	C	0.24%
CMS	A	0.24%
FIS	B	0.23%
MCHP	F	0.22%
FITB	C	0.22%
PPL	B	0.22%
FOXA	A	0.21%
NYC	B	0.21%
CNP	B	0.2%
SBUX	C	0.18%
LUV	B	0.18%
MKC	C	0.17%
AEE	A	0.17%
BHF	F	0.17%
CVS	C	0.16%
KEY	C	0.16%
SEB	F	0.16%
UBS	B	0.16%
PSX	D	0.16%
AZN	D	0.15%
NWG	D	0.15%
BA	F	0.15%
ICE	A	0.15%
MUFG	F	0.14%
MET	B	0.13%
DHI	C	0.13%
AMT	C	0.13%
CNH	D	0.13%
ABBV	B	0.13%
HPE	B	0.11%
EFX	C	0.1%
GM	D	0.1%
VZ	B	0.1%
MDLZ	D	0.09%
R	C	0.08%
HRL	F	0.07%
ROP	C	0.07%
DUK	B	0.07%
COF	C	0.06%
MS	B	0.06%
PCAR	C	0.05%
JPM	D	0.03%

RAVI Underweight 77 Positions Relative to XMLV

Symbol	Grade	Weight
ATR	A	-1.69%
CW	A	-1.65%
SEIC	B	-1.56%
VOYA	A	-1.5%
DTM	A	-1.49%
CACI	A	-1.45%
INGR	B	-1.41%
EHC	B	-1.4%
FHI	C	-1.4%
PNM	B	-1.4%
ORI	B	-1.39%
DCI	C	-1.38%
RGA	C	-1.37%
AM	A	-1.37%
THG	C	-1.35%
SON	D	-1.34%
IDA	D	-1.33%
GGG	C	-1.33%
SF	A	-1.33%
EPR	C	-1.33%
GLPI	A	-1.32%
POST	D	-1.32%
NWE	B	-1.31%
ADC	B	-1.31%
MDU	C	-1.31%
NJR	C	-1.3%
NNN	A	-1.29%
IBKR	A	-1.28%
GNTX	D	-1.28%
CHE	C	-1.28%
ESNT	C	-1.28%
AFG	B	-1.28%
RLI	A	-1.27%
HLI	B	-1.27%
SR	D	-1.27%
ACM	A	-1.26%
OHI	C	-1.26%
G	A	-1.24%
AMG	B	-1.24%
FLS	B	-1.24%
AMH	D	-1.24%
USFD	C	-1.23%
EGP	D	-1.23%
UNM	A	-1.22%
FLO	D	-1.22%
RPM	B	-1.22%
PRI	A	-1.21%
ELS	D	-1.21%
MTG	B	-1.2%
JEF	A	-1.2%
NFG	A	-1.19%
JHG	B	-1.19%
ALE	A	-1.18%
SNX	D	-1.18%
POR	D	-1.18%
FR	D	-1.17%
SBRA	C	-1.17%
STAG	D	-1.16%
BRX	C	-1.15%
LSTR	F	-1.15%
AVT	C	-1.14%
GEF	D	-1.14%
SLGN	C	-1.14%
MMS	C	-1.14%
TXRH	C	-1.13%
BKH	C	-1.13%
MSA	F	-1.13%
MAN	D	-1.09%
PPC	D	-1.09%
NYT	C	-1.08%
NEU	F	-1.08%
KBR	B	-1.08%
DLB	C	-1.07%
GATX	F	-1.05%
MUSA	D	-1.04%
WTRG	D	-1.01%
CHRD	F	-0.89%