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 March 2023
Asset Under Management 912.47 Million (USD)
1 Month Total Return -0.04 %
Year To Date Return 0.48 %
1 Year Total Return 0.03 %
3 Year Annualized Total Return 1.00 %
NAV 74.64
Share Outstanding 12,225,000
Top 10 Holdings (17 March 2023)
Constituent Name Constituent Ticker Constituent Type Weighting
CASH BOND 0.0440910000
UNITED STATES OF AMERICA BILL ZERO CPN 20/APR/2023 ZCTO BILL 0.0326500000
UNITED STATES OF AMERICA BILL ZERO CPN 23/MAR/2023 ZCTO BILL 0.0272960000
UNITED STATES OF AMERICA BILL ZERO CPN 30/MAR/2023 ZCTO BILL 0.0218220000
UNITED STATES OF AMERICA BILL ZERO CPN 27/APR/2023 ZCTO BILL 0.0217490000
UNITED STATES OF AMERICA BILL ZERO CPN 30/MAY/2023 ZCTO BILL 0.0216580000
UNITED STATES OF AMERICA BILL ZERO CPN 06/JUL/2023 ZCTO BILL 0.0215430000
UNITED STATES OF AMERICA BILL ZERO CPN 07/SEP/2023 ZCTO BILL 0.0213720000
FIFTH THIRD BANK NA CALLABLE MEDIUM TERM NOTE BOND 0.0091450000
SVENSKA HANDELSBANKEN AB BOND 0.0075990000