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 28 May 2020
Asset Under Management 328.48 Million (USD)
1 Month Total Return 0.69 %
Year To Date Return 0.91 %
1 Year Total Return 2.55 %
3 Year Annualized Total Return 2.28 %
NAV 75.95
Share Outstanding 4,325,000
Top 10 Holdings (28 May 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
USD CASH(Alpha Committed) BOND 0.0255370000
TREASURY FLOATING RATE NOTE BOND 0.0207440000
TREASURY FLOATING RATE NOTE BOND 0.0178200000
TREASURY BILL BOND 0.0118370000
BANK OF AMERICA NA BOND 0.0118270000
CREDIT SUISSE NEW YORK BOND 0.0116760000
JPMORGAN CHASE & CO BOND 0.0108710000
VOLKSWAGEN GROUP AMERICA BOND 0.0103160000
COMCAST CORP BOND 0.0100890000
REPUBLIC SERVICES INC BOND 0.0094560000