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 18 January 2019
Asset Under Management 252.15 Million (USD)
1 Month Total Return 0.35 %
Year To Date Return 0.35 %
1 Year Total Return 2.03 %
3 Year Annualized Total Return 1.50 %
NAV 75.27
Share Outstanding 3,350,000
Top 10 Holdings (18 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
GILEAD SCIENCES INC BOND 0.0148940000
VOLKSWAGEN GROUP AMERICA BOND 0.0139540000
CANADIAN PACIFIC RR CO BOND 0.0132790000
COMMONWEALTH BK AUSTR NY BOND 0.0120080000
JP MORGAN CHASE BANK NA BOND 0.0119920000
HAROT 2018-2 A2 BOND 0.0118500000
REPUBLIC SERVICES INC BOND 0.0118120000
CITIZENS BANK OF RHODE ISLAND BOND 0.0115950000
ILLINOIS TOOL WORKS INC BOND 0.0107100000
BANK OF NOVA SCOTIA BOND 0.0102350000