RAVI

Fund Description
FlexShares Ready Access Variable Income Fund is an actively managed ETF that attempts to help cash investors try to maintain liquidity and reach for higher returns, without undue volatility. RAVI features a variable net asset value (NAV) and can invest beyond the limitations of a traditional money market. The portfolio consists of investment grade debt securities from around the world, including U.S. and non-U.S. public and private sector securities.
Fund Profile
Fund Name FlexShares Ready Access Variable Income Fund
Fund Exchange Ticker RAVI
Fund Sponsor Flexshares (Northern Trust)
Fund ISIN US33939L8862
Net Expense Ratio 0.25 %
Fund Inception Date 9 October 2012
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Short (1-3 years)
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 238.39 Million (USD)
1 Month Total Return 0.37 %
Year To Date Return 2.03 %
1 Year Total Return 3.11 %
3 Year Annualized Total Return 1.82 %
NAV 75.68
Share Outstanding 3,150,000
Top 10 Holdings (17 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
GILEAD SCIENCES INC BOND 0.0156420000
VOLKSWAGEN GROUP AMERICA BOND 0.0146560000
PRUDENTIAL FINANCIAL INC BOND 0.0128880000
TOYOTA MOTOR CREDIT CORP BOND 0.0125410000
SUNTRUST BANK BOND 0.0125250000
PNC BANK NATIONAL ASSOCIATION BOND 0.0124980000
SWEDISH EXPORT CREDIT BOND 0.0124840000
CITIZENS BANK OF RHODE ISLAND BOND 0.0121670000
ROYAL BANK OF CANADA BOND 0.0119160000
BANK OF NEW YORK MELLON BOND 0.0112490000