VOE vs. RAVI ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to FlexShares Ready Access Variable Income Fund (RAVI)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$175.77

Average Daily Volume

260,718

Number of Holdings ^*

183

* 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

$75.48

Average Daily Volume

73,267

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	VOE	RAVI
30 Days	5.41%	0.40%
60 Days	5.51%	0.65%
90 Days	8.56%	1.23%
12 Months	32.45%	5.50%

28 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in RAVI	Overlap
AEE	A	0.52%	0.17%	0.17%
AIG	B	0.54%	0.57%	0.54%
CFG	B	0.4%	0.29%	0.29%
CLX	C	0.44%	0.26%	0.26%
CMS	C	0.46%	0.24%	0.24%
CNP	A	0.43%	0.2%	0.2%
D	C	0.4%	0.51%	0.4%
DHI	D	1.1%	0.13%	0.13%
DTE	C	0.49%	0.77%	0.49%
ED	D	0.78%	1.05%	0.78%
ETR	B	0.74%	0.38%	0.38%
FIS	D	1.09%	0.23%	0.23%
FITB	B	0.66%	0.22%	0.22%
FOXA	C	0.25%	0.21%	0.21%
HPE	B	0.56%	0.11%	0.11%
HRL	D	0.21%	0.07%	0.07%
KEY	A	0.36%	0.16%	0.16%
LEN	C	0.89%	0.26%	0.26%
LEN	C	0.06%	0.26%	0.06%
LUV	B	0.41%	0.18%	0.18%
LYB	F	0.5%	0.83%	0.5%
MCHP	F	0.44%	0.22%	0.22%
MKC	D	0.44%	0.17%	0.17%
NDAQ	A	0.76%	0.31%	0.31%
OTIS	C	0.88%	0.95%	0.88%
PCAR	B	1.22%	0.05%	0.05%
PPL	B	0.51%	0.22%	0.22%
TSN	B	0.37%	0.7%	0.37%

VOE Overweight 155 Positions Relative to RAVI

Symbol	Grade	Weight
CARR	C	1.39%
AJG	A	1.37%
DLR	A	1.3%
OKE	C	1.26%
URI	B	1.2%
NEM	F	1.17%
AMP	B	1.11%
ALL	B	1.1%
LHX	C	1.04%
CMI	A	1.0%
PEG	A	0.99%
KVUE	A	0.98%
PRU	A	0.97%
PCG	B	0.94%
CTVA	B	0.93%
LNG	B	0.92%
COR	C	0.9%
EA	C	0.89%
CBRE	B	0.89%
EXC	D	0.87%
BKR	C	0.84%
GIS	D	0.84%
GEHC	F	0.84%
XEL	A	0.83%
DFS	B	0.83%
GLW	B	0.82%
SYY	C	0.82%
DAL	B	0.82%
CTSH	B	0.82%
KR	A	0.81%
IRM	C	0.81%
ACGL	D	0.78%
DOW	F	0.77%
HPQ	B	0.77%
NUE	D	0.75%
VICI	C	0.74%
CNC	F	0.73%
WAB	B	0.73%
HIG	B	0.72%
MTB	B	0.72%
WMB	B	0.71%
AVB	B	0.7%
EIX	A	0.7%
DD	D	0.69%
GRMN	A	0.68%
WTW	B	0.68%
WEC	A	0.67%
PPG	D	0.65%
EBAY	C	0.63%
RJF	A	0.61%
PHM	C	0.6%
AWK	D	0.6%
VTR	D	0.6%
STT	A	0.59%
GPN	C	0.59%
ADM	F	0.59%
CAH	B	0.59%
KEYS	B	0.58%
DOV	A	0.58%
SPG	C	0.58%
IFF	D	0.57%
UAL	B	0.57%
FTV	B	0.56%
CDW	F	0.56%
JCI	C	0.56%
BIIB	F	0.56%
EQR	B	0.56%
TROW	A	0.54%
NTAP	C	0.53%
ES	D	0.52%
FE	D	0.51%
KMI	B	0.51%
CBOE	B	0.5%
WDC	C	0.5%
HBAN	B	0.5%
WY	D	0.5%
RF	B	0.49%
CINF	A	0.49%
K	A	0.49%
ZBH	C	0.48%
SYF	A	0.48%
PKG	B	0.46%
GEV	C	0.46%
ZBRA	A	0.44%
OMC	C	0.44%
LH	B	0.43%
NTRS	A	0.43%
IP	B	0.43%
IR	A	0.43%
ARE	D	0.43%
HOLX	D	0.42%
DRI	B	0.42%
PFG	C	0.42%
BAX	F	0.41%
ESS	B	0.41%
BALL	D	0.4%
SNA	A	0.39%
MAS	C	0.39%
J	F	0.39%
BBY	D	0.39%
DG	F	0.39%
ZM	B	0.39%
MAA	B	0.39%
DGX	B	0.38%
AVY	D	0.37%
EXPD	C	0.37%
GPC	D	0.36%
WBD	C	0.36%
WRB	A	0.36%
FNF	B	0.35%
TXT	D	0.34%
ROK	B	0.34%
GEN	A	0.34%
AKAM	F	0.34%
LNT	A	0.34%
EG	C	0.34%
RVTY	D	0.33%
L	B	0.33%
CF	B	0.33%
SWK	D	0.32%
AVTR	F	0.32%
CVNA	B	0.32%
SSNC	A	0.32%
CE	F	0.31%
VTRS	B	0.31%
CAG	D	0.31%
SWKS	F	0.31%
NVR	D	0.3%
NWSA	B	0.3%
DLTR	D	0.29%
WPC	D	0.27%
LDOS	D	0.27%
HAL	C	0.25%
HUBB	B	0.25%
STE	F	0.24%
RPRX	D	0.23%
TRU	D	0.22%
MKL	A	0.21%
STLD	B	0.21%
CPB	D	0.2%
NI	A	0.18%
CRBG	B	0.17%
EL	F	0.17%
MRO	B	0.17%
DOC	C	0.17%
TRMB	B	0.16%
EVRG	A	0.15%
MGM	F	0.09%
UDR	B	0.08%
BEN	C	0.07%
WBA	D	0.07%
WLK	D	0.06%
AGR	B	0.06%
ALB	C	0.06%
FOX	B	0.06%

VOE Underweight 74 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	C	-1.51%
OGS	A	-1.05%
PYPL	A	-0.95%
KDP	D	-0.95%
DHR	D	-0.86%
GE	D	-0.76%
WM	A	-0.69%
CI	D	-0.67%
CM	A	-0.62%
GP	F	-0.59%
GILD	B	-0.59%
TFC	B	-0.59%
SJM	D	-0.57%
NEE	D	-0.57%
BAC	A	-0.57%
AZO	C	-0.52%
NVDA	C	-0.52%
BNS	A	-0.52%
BDX	F	-0.51%
TD	F	-0.51%
RY	B	-0.51%
SYK	C	-0.49%
CCI	D	-0.49%
AON	A	-0.46%
UNH	B	-0.43%
BMY	B	-0.43%
AMZN	C	-0.42%
SCHW	A	-0.42%
CRM	B	-0.4%
VFC	C	-0.39%
OGE	A	-0.39%
AEP	D	-0.38%
CVX	B	-0.33%
ARCC	A	-0.3%
T	A	-0.3%
HSBC	B	-0.29%
MLM	B	-0.28%
DELL	C	-0.28%
CMCSA	C	-0.28%
DB	D	-0.28%
CP	D	-0.27%
WFC	A	-0.26%
CAT	B	-0.26%
SO	D	-0.26%
ATHS	C	-0.26%
GS	B	-0.26%
AL	A	-0.25%
C	A	-0.24%
NYC	D	-0.21%
SBUX	B	-0.18%
BHF	B	-0.17%
CVS	D	-0.16%
SEB	F	-0.16%
UBS	B	-0.16%
PSX	C	-0.16%
AZN	F	-0.15%
NWG	C	-0.15%
BA	D	-0.15%
ICE	D	-0.15%
MUFG	B	-0.14%
MET	A	-0.13%
AMT	D	-0.13%
CNH	A	-0.13%
ABBV	D	-0.13%
EFX	D	-0.1%
GM	B	-0.1%
VZ	B	-0.1%
MDLZ	F	-0.09%
R	B	-0.08%
ROP	B	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	B	-0.06%
JPM	B	-0.03%