USCL vs. RAVI ETF Comparison

Comparison of iShares Climate Conscious & Transition MSCI USA ETF (USCL) to FlexShares Ready Access Variable Income Fund (RAVI)

USCL

iShares Climate Conscious & Transition MSCI USA ETF

USCL Description

The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$71.65

Average Daily Volume

2,806

Number of Holdings ^*

296

* 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	USCL	RAVI
30 Days	3.79%	0.41%
60 Days	5.19%	0.65%
90 Days	7.34%	1.23%
12 Months	35.52%	5.45%

47 Overlapping Holdings

Symbol	Grade	Weight in USCL	Weight in RAVI	Overlap
ABBV	D	0.81%	0.13%	0.13%
AEP	D	0.13%	0.38%	0.13%
AIG	B	0.14%	0.57%	0.14%
AMT	D	0.24%	0.13%	0.13%
AMZN	C	5.13%	0.42%	0.42%
AON	A	0.2%	0.46%	0.2%
BAC	A	0.87%	0.57%	0.57%
BMY	B	0.32%	0.43%	0.32%
CAT	B	0.51%	0.26%	0.26%
CCI	D	0.12%	0.49%	0.12%
CLX	B	0.06%	0.26%	0.06%
CMCSA	B	0.46%	0.28%	0.28%
CRM	B	0.87%	0.4%	0.4%
CVS	D	0.19%	0.16%	0.16%
CVX	A	0.77%	0.33%	0.33%
D	C	0.13%	0.51%	0.13%
DELL	C	0.1%	0.28%	0.1%
DHR	F	0.43%	0.86%	0.43%
DUK	C	0.23%	0.07%	0.07%
ED	D	0.09%	1.05%	0.09%
EFX	F	0.09%	0.1%	0.09%
FIS	C	0.13%	0.23%	0.13%
GILD	C	0.31%	0.59%	0.31%
GM	B	0.18%	0.1%	0.1%
GS	A	0.51%	0.26%	0.26%
HPE	B	0.07%	0.11%	0.07%
ICE	C	0.24%	0.15%	0.15%
JPM	A	1.88%	0.03%	0.03%
KDP	D	0.1%	0.95%	0.1%
MDLZ	F	0.24%	0.09%	0.09%
MKC	D	0.05%	0.17%	0.05%
MLM	B	0.1%	0.28%	0.1%
MS	A	0.44%	0.06%	0.06%
NDAQ	A	0.09%	0.31%	0.09%
NEE	D	0.42%	0.57%	0.42%
NVDA	C	6.73%	0.52%	0.52%
PCAR	B	0.16%	0.05%	0.05%
PYPL	B	0.23%	0.95%	0.23%
ROP	B	0.16%	0.07%	0.07%
SBUX	A	0.3%	0.18%	0.18%
SCHW	B	0.33%	0.42%	0.33%
SO	D	0.26%	0.26%	0.26%
T	A	0.43%	0.3%	0.3%
UNH	C	1.47%	0.43%	0.43%
VZ	C	0.46%	0.1%	0.1%
WFC	A	0.69%	0.26%	0.26%
WM	A	0.24%	0.69%	0.24%

USCL Overweight 249 Positions Relative to RAVI

Symbol	Grade	Weight
AAPL	C	5.23%
MSFT	F	4.42%
META	D	3.42%
TSLA	B	2.41%
GOOGL	C	2.33%
AVGO	D	2.04%
GOOG	C	2.03%
LLY	F	1.72%
XOM	B	1.46%
V	A	1.31%
MA	C	1.17%
HD	A	1.09%
PG	A	1.07%
WMT	A	1.01%
JNJ	D	0.99%
NFLX	A	0.98%
ORCL	B	0.84%
KO	D	0.69%
MRK	F	0.67%
CSCO	B	0.63%
ADBE	C	0.63%
AMD	F	0.61%
ACN	C	0.61%
PEP	F	0.61%
LIN	D	0.59%
NOW	A	0.58%
MCD	D	0.58%
TMO	F	0.55%
DIS	B	0.54%
ABT	B	0.54%
INTU	C	0.53%
IBM	C	0.52%
TXN	C	0.51%
QCOM	F	0.49%
BKNG	A	0.46%
AXP	A	0.45%
SPGI	C	0.44%
AMGN	D	0.43%
BLK	C	0.42%
PGR	A	0.41%
PFE	D	0.4%
UNP	C	0.39%
ETN	A	0.39%
COP	C	0.36%
UBER	D	0.36%
PANW	C	0.35%
BSX	B	0.35%
BX	A	0.35%
VRTX	F	0.34%
TMUS	B	0.34%
FI	A	0.33%
ADP	B	0.33%
PLTR	B	0.32%
MMC	B	0.3%
CB	C	0.3%
PLD	D	0.29%
INTC	D	0.29%
DE	A	0.28%
ADI	D	0.28%
UPS	C	0.26%
NKE	D	0.25%
TT	A	0.25%
SHW	A	0.25%
SNPS	B	0.23%
REGN	F	0.23%
MELI	D	0.23%
EQIX	A	0.23%
ZTS	D	0.22%
CME	A	0.22%
ITW	B	0.22%
WELL	A	0.22%
CMG	B	0.22%
CDNS	B	0.22%
EOG	A	0.21%
USB	A	0.21%
MCK	B	0.21%
MCO	B	0.21%
CTAS	B	0.21%
CRWD	B	0.21%
MMM	D	0.2%
EMR	A	0.2%
CRH	A	0.19%
MAR	B	0.19%
CSX	B	0.19%
CEG	D	0.19%
TGT	F	0.19%
CL	D	0.19%
AJG	B	0.18%
APO	B	0.18%
ADSK	A	0.18%
FDX	B	0.18%
FTNT	C	0.17%
FCX	D	0.17%
SLB	C	0.17%
HLT	A	0.17%
OKE	A	0.17%
ECL	D	0.17%
BK	A	0.16%
SRE	A	0.16%
WDAY	B	0.16%
DLR	B	0.16%
SPG	B	0.16%
TRV	B	0.16%
ABNB	C	0.16%
NSC	B	0.16%
JCI	C	0.15%
CMI	A	0.14%
KMI	A	0.14%
RSG	A	0.13%
SQ	B	0.13%
NEM	D	0.13%
WCN	A	0.13%
PWR	A	0.13%
PAYX	C	0.13%
O	D	0.13%
CPRT	A	0.13%
BKR	B	0.12%
PEG	A	0.12%
ODFL	B	0.12%
F	C	0.12%
DFS	B	0.12%
KMB	D	0.12%
AME	A	0.12%
SNOW	C	0.11%
STZ	D	0.11%
EW	C	0.11%
CTVA	C	0.11%
TEAM	A	0.11%
CTSH	B	0.11%
HES	B	0.11%
CBRE	B	0.11%
VRSK	A	0.11%
MNST	C	0.11%
IT	C	0.11%
NUE	C	0.1%
GIS	D	0.1%
IQV	D	0.1%
CHTR	C	0.1%
ACGL	D	0.1%
EXC	C	0.1%
A	D	0.1%
XEL	A	0.1%
LULU	C	0.1%
YUM	B	0.1%
GRMN	B	0.09%
WTW	B	0.09%
AVB	B	0.09%
VICI	C	0.09%
FANG	D	0.09%
ROK	B	0.09%
HUBS	A	0.09%
OXY	D	0.09%
HUM	C	0.09%
HIG	B	0.09%
DD	D	0.09%
WAB	B	0.09%
IDXX	F	0.09%
NET	B	0.08%
DOV	A	0.08%
STT	A	0.08%
PPG	F	0.08%
ANSS	B	0.08%
GPN	B	0.08%
XYL	D	0.08%
EBAY	D	0.08%
HUBB	B	0.07%
EQR	B	0.07%
WST	C	0.07%
AWK	D	0.07%
HSY	F	0.07%
MTD	D	0.07%
FTV	C	0.07%
CHD	B	0.07%
TROW	B	0.07%
DECK	A	0.07%
BR	A	0.07%
LII	A	0.06%
STLD	B	0.06%
CBOE	B	0.06%
CSL	C	0.06%
NTRS	A	0.06%
ATO	A	0.06%
ES	D	0.06%
K	A	0.06%
ZBH	C	0.06%
WAT	B	0.06%
WY	D	0.06%
ILMN	D	0.06%
PTC	A	0.06%
BIIB	F	0.06%
WSM	B	0.05%
OC	A	0.05%
GEN	B	0.05%
EXPD	D	0.05%
ARE	D	0.05%
MANH	D	0.05%
TRMB	B	0.05%
PNR	A	0.05%
FWONK	B	0.05%
RPM	A	0.05%
PINS	D	0.05%
IEX	B	0.05%
LVS	C	0.05%
ULTA	F	0.05%
WRB	A	0.05%
ZS	C	0.05%
FDS	B	0.05%
BALL	D	0.05%
TRU	D	0.05%
FSLR	F	0.05%
BAH	F	0.05%
LH	C	0.05%
REG	B	0.04%
AKAM	D	0.04%
RVTY	F	0.04%
ACM	A	0.04%
DOC	D	0.04%
TW	A	0.04%
EL	F	0.04%
LNT	A	0.04%
GGG	B	0.04%
JBHT	C	0.04%
TWLO	A	0.04%
AVY	D	0.04%
MRO	B	0.04%
KIM	A	0.04%
WYNN	D	0.03%
WTRG	B	0.03%
CRL	C	0.03%
CTLT	B	0.03%
CCK	C	0.03%
SNAP	C	0.03%
PAYC	B	0.03%
TAP	C	0.03%
BXP	D	0.03%
CG	A	0.03%
ALB	C	0.03%
DAY	B	0.03%
OKTA	C	0.03%
INCY	C	0.03%
JKHY	D	0.03%
AZPN	A	0.02%
H	B	0.02%
BSY	D	0.02%
MTCH	D	0.02%
DVA	B	0.02%
CPB	D	0.02%
TFX	F	0.02%
MGM	D	0.02%

USCL Underweight 54 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
OGS	A	-1.05%
OTIS	C	-0.95%
LYB	F	-0.83%
DTE	C	-0.77%
GE	D	-0.76%
TSN	B	-0.7%
CI	F	-0.67%
CM	A	-0.62%
GP	F	-0.59%
TFC	A	-0.59%
SJM	D	-0.57%
AZO	C	-0.52%
BNS	A	-0.52%
BDX	F	-0.51%
TD	F	-0.51%
RY	A	-0.51%
SYK	C	-0.49%
VFC	C	-0.39%
OGE	B	-0.39%
ETR	B	-0.38%
ARCC	A	-0.3%
HSBC	B	-0.29%
CFG	B	-0.29%
DB	D	-0.28%
CP	D	-0.27%
LEN	D	-0.26%
ATHS	C	-0.26%
AL	B	-0.25%
C	A	-0.24%
CMS	C	-0.24%
MCHP	D	-0.22%
FITB	A	-0.22%
PPL	B	-0.22%
FOXA	B	-0.21%
NYC	D	-0.21%
CNP	B	-0.2%
LUV	C	-0.18%
AEE	A	-0.17%
BHF	B	-0.17%
KEY	B	-0.16%
SEB	F	-0.16%
UBS	C	-0.16%
PSX	C	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
BA	F	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
DHI	D	-0.13%
CNH	C	-0.13%
R	B	-0.08%
HRL	D	-0.07%
COF	B	-0.06%