TVAL vs. RAVI ETF Comparison

Comparison of T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL) to FlexShares Ready Access Variable Income Fund (RAVI)

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

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

$75.44

Average Daily Volume

72,378

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	TVAL	RAVI
30 Days	2.98%	0.41%
60 Days	4.22%	0.65%
90 Days	5.88%	1.23%
12 Months	29.14%	5.45%

36 Overlapping Holdings

Symbol	Grade	Weight in TVAL	Weight in RAVI	Overlap
ABBV	D	0.36%	0.13%	0.13%
AEE	A	0.65%	0.17%	0.17%
AIG	B	0.87%	0.57%	0.57%
AZN	D	0.47%	0.15%	0.15%
AZO	C	0.52%	0.52%	0.52%
BA	F	0.56%	0.15%	0.15%
BAC	A	1.89%	0.57%	0.57%
BDX	F	1.01%	0.51%	0.51%
C	A	0.81%	0.24%	0.24%
CAT	B	0.3%	0.26%	0.26%
CI	F	0.87%	0.67%	0.67%
CMCSA	B	0.46%	0.28%	0.28%
COF	B	0.33%	0.06%	0.06%
CVS	D	0.23%	0.16%	0.16%
CVX	A	0.73%	0.33%	0.33%
D	C	0.55%	0.51%	0.51%
DHR	F	0.65%	0.86%	0.65%
DTE	C	0.17%	0.77%	0.17%
EFX	F	0.33%	0.1%	0.1%
FITB	A	0.77%	0.22%	0.22%
GE	D	1.21%	0.76%	0.76%
JPM	A	1.23%	0.03%	0.03%
KDP	D	0.4%	0.95%	0.4%
LEN	D	0.42%	0.26%	0.26%
MCHP	D	0.27%	0.22%	0.22%
MDLZ	F	0.43%	0.09%	0.09%
MET	A	0.22%	0.13%	0.13%
MS	A	0.56%	0.06%	0.06%
NEE	D	0.59%	0.57%	0.57%
OTIS	C	0.3%	0.95%	0.3%
ROP	B	0.29%	0.07%	0.07%
SCHW	B	0.89%	0.42%	0.42%
SO	D	1.67%	0.26%	0.26%
UNH	C	1.9%	0.43%	0.43%
VZ	C	0.58%	0.1%	0.1%
WFC	A	1.77%	0.26%	0.26%

TVAL Overweight 108 Positions Relative to RAVI

Symbol	Grade	Weight
XOM	B	2.56%
CB	C	2.23%
HIG	B	1.96%
WMT	A	1.89%
JNJ	D	1.82%
ELV	F	1.81%
FI	A	1.53%
KVUE	A	1.49%
PM	B	1.41%
LHX	C	1.36%
COP	C	1.25%
AVB	B	1.22%
LLY	F	1.19%
TMO	F	1.12%
SWK	D	1.1%
CMI	A	1.09%
QCOM	F	1.08%
EQH	B	1.0%
GOOG	C	0.95%
TMUS	B	0.88%
WY	D	0.88%
META	D	0.87%
ZBH	C	0.85%
CL	D	0.84%
EOG	A	0.82%
MCK	B	0.8%
MRK	F	0.8%
NWSA	B	0.75%
VST	B	0.74%
NSC	B	0.74%
LIN	D	0.73%
KO	D	0.72%
PG	A	0.72%
TXN	C	0.7%
HUBB	B	0.7%
ACN	C	0.7%
GEV	B	0.7%
TTE	F	0.7%
HON	B	0.68%
SRE	A	0.68%
MMC	B	0.67%
KMB	D	0.66%
MSFT	F	0.65%
IP	B	0.64%
HD	A	0.63%
RSG	A	0.62%
WDC	D	0.6%
USB	A	0.56%
RPM	A	0.52%
ROK	B	0.52%
CF	B	0.52%
BAX	D	0.5%
CSX	B	0.49%
HWM	A	0.48%
REXR	F	0.48%
PGR	A	0.48%
MAR	B	0.47%
WMB	A	0.46%
EQT	B	0.46%
MCD	D	0.46%
APO	B	0.46%
TDG	D	0.46%
HBAN	A	0.45%
ARES	A	0.45%
MU	D	0.45%
HCA	F	0.45%
PSA	D	0.44%
BLK	C	0.43%
FANG	D	0.43%
REGN	F	0.42%
UNP	C	0.42%
CPAY	A	0.42%
LVS	C	0.41%
LAMR	D	0.4%
CAG	D	0.4%
TSM	B	0.39%
ALL	A	0.39%
AMAT	F	0.38%
YUM	B	0.36%
BKR	B	0.35%
KEYS	A	0.35%
ADI	D	0.35%
PLD	D	0.34%
MSI	B	0.34%
A	D	0.33%
STLD	B	0.32%
UAL	A	0.31%
TT	A	0.31%
AME	A	0.31%
VRTX	F	0.29%
TJX	A	0.29%
MOH	F	0.28%
UPS	C	0.28%
CARR	D	0.27%
AXP	A	0.26%
SPGI	C	0.26%
CDW	F	0.25%
MGM	D	0.24%
ZTS	D	0.23%
CME	A	0.23%
HAL	C	0.22%
VMC	B	0.22%
AMD	F	0.22%
BHP	F	0.2%
DIS	B	0.2%
AVY	D	0.19%
SNY	F	0.19%
EQIX	A	0.16%

TVAL Underweight 65 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
ED	D	-1.05%
OGS	A	-1.05%
PYPL	B	-0.95%
LYB	F	-0.83%
TSN	B	-0.7%
WM	A	-0.69%
CM	A	-0.62%
GP	F	-0.59%
GILD	C	-0.59%
TFC	A	-0.59%
SJM	D	-0.57%
NVDA	C	-0.52%
BNS	A	-0.52%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
BMY	B	-0.43%
AMZN	C	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	B	-0.39%
ETR	B	-0.38%
AEP	D	-0.38%
NDAQ	A	-0.31%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
MLM	B	-0.28%
DELL	C	-0.28%
DB	D	-0.28%
CP	D	-0.27%
CLX	B	-0.26%
ATHS	C	-0.26%
GS	A	-0.26%
AL	B	-0.25%
CMS	C	-0.24%
FIS	C	-0.23%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
SBUX	A	-0.18%
LUV	C	-0.18%
MKC	D	-0.17%
BHF	B	-0.17%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
PSX	C	-0.16%
NWG	C	-0.15%
ICE	C	-0.15%
MUFG	B	-0.14%
DHI	D	-0.13%
AMT	D	-0.13%
CNH	C	-0.13%
HPE	B	-0.11%
GM	B	-0.1%
R	B	-0.08%
HRL	D	-0.07%
DUK	C	-0.07%
PCAR	B	-0.05%