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FlexShares Ready Access Variable Income Fund (RAVI)

Quick StatsAs Of 11/14/2018

Market Price
$75.43 (-0.03%)
52-Week High
$77.67
52-Week Low
$67.87
Inception
10/09/2012
Primary Exchange
NYSE
CUSIP
33939L886
Total Net Assets
$245.00M
Number of Holdings*
227
SEC Subsidized Yield1 (as of 10/31/2018)
2.55%
SEC Unsubsidized Yield2 (as of 10/31/2018)
2.55%
Distribution Yield3
2.39%
12-Month Dividend Yield4
2.04%
Gross Expense Ratio
.26%
Net Expense Ratio**
.25%
Weighted Avg Yield to Maturity
2.84%
Weighted Avg Effective Duration
.39 yrs
Weighted Avg Price
$99.94
*Cash positions and derivatives such as futures & currency forwards are not included in the number of holdings.
**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2019.

OBJECTIVE AND STRATEGY

FlexShares Ready Access Variable Income Fund (RAVI) seeks maximum current income consistent with the preservation of capital and liquidity.

DIFFERENT BY DESIGN

1. Construct an ultra-short duration portfolio, based on Northern Trust`s forecast, with a focus on duration and sector allocation
2. Actively manage portfolio for current income with minimal NAV variability

VIDEO


2:16 | Short term investing with RAVI | Transcript

Understand where RAVI fits between investment liquidity and preservation liquidity and the importance to your portfolio.

FLEXSHARES STRATEGY

Liquidity Management

Liquidity refers to accessibility to cash, or how easy it is to turn an investment into cash. When constructing investment portfolios, many investors overlook the need to plan for liquidity. This is of particular concern during volatile markets, when asset values can fluctuate. When unexpected losses or disruptions in securities markets impair asset values, investors may find their portfolios insufficiently flexible to meet short-term liquidity needs. ETFs are increasingly popular vehicles for investors seeking liquidity, diversification and low costs. The following liquidity solutions may complement investors’ portfolios by providing a targeted source of liquidity without undue principal volatility, while pursuing short-term income.

PRICING AND PERFORMANCE

Select Month:
Performance
As of
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 10/11/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.
Select Quarter:
Greatest Premium
Greatest Discount
Days at Premium
Days at Discount
Days at Nav
Total Days in Period
As of
Information presented here is historical, and is not indicative of future results. Investment premiums or discounts may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above.
Date -
Market Price
Bid/Ask Mid Point Price
Please select start and end dates
Pricing information presented here is historical, and is not indicative of future results. Investment pricing may vary, and at the time of purchase or sale of an investment it may not be indicative of the numbers above. For most recent pricing please call 1-855-353-9383 (1-855-FlexETF).

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 10/11/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.
Date -
Market Price
-
NAV
-
Bench mark
-
Index
-
Please select start and end dates
Past performance is not a guarantee of future results. The Growth of $10,000 chart is hypothetical based upon the historical performance of the Fund. It includes the reinvestment of dividends and capital gains at net asset value: actual returns may differ. It does not reflect the deduction of other fees and expenses, in which case the performance would have been lower. It is not possible to invest directly in an index.

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 10/11/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance.
Select Year:
Distributions

HOLDINGS

Top 10 holdings for RAVI make up _!HOLDINGPERCENT of the fund's total holdings

SECTOR BREAKDOWN

RAVI holdings span _!SECTORNUMBER sectors

MATURITY

_!MATURITYVALUE of the portfolio has _!MATURITYNAME maturity

MARKET ALLOCATIONS

RAVI holdings are _!MARKETALLOCVALUE from _!MARKETALLOCNAME

COUNTRY BREAKDOWN

Definitions

1SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
2SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
3Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
412-Month Dividend Yield
This yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV.

The Glossary contains definitions of widely used investment terms found on this page.