RAVI
FlexShares Ultra-Short Income ETF
Bloomberg US Treasury Bill 1-3 M TR USD
NAV as of
4 Week: 74.59 - 74.87
52 Week: 73.27 - 74.87
Latest Closing Price
74.78
Premium / Discount
0.02
Expense Ratio
0.25%
Investment Objective
The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve its investment objective by investing at least 80% of its total assets in a portfolio of fixed-income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed-income securities and instruments of issuers in emerging markets.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 0.51 | 0.08 | 6.62 |
| 1 Day | 0.10 | 0.00 | 0.00 |
| 1 Week | 0.03 | 0.30 | 0.10 |
| 1 Month | -0.05 | 0.51 | -0.10 |
| 3 Months | 0.56 | 0.60 | 0.94 |
| 6 Months | 0.47 | 0.86 | 0.55 |
| 1 Year | -0.05 | 3.05 | -0.02 |
| 2 Years | -1.81 | 3.09 | -0.58 |
| 3 Years | 2.09 | 3.27 | 0.64 |
| 5 Years | -0.75 | 3.95 | -0.19 |
| 10 Years | 0.00 | 4.61 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.9017 | 0.7284 | 0.3877 | 1.2132 | 1.2910 | 1.8239 | 3.4234 | 2.0504 | -0.0296 | 0.0885 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 15.0000 | 17.0000 | 31.0000 | 60.0000 | 63.0000 | 36.0000 | 26.0000 | 21.0000 | 71.0000 | 52.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 31/01/2017 | 06/02/2017 | 0.0683 |
| 27/12/2016 | 03/01/2017 | 0.0492 |
| 31/07/2016 | 04/08/2016 | 0.0578 |
| 31/05/2016 | 06/06/2016 | 0.0564 |
| 28/12/2014 | 04/01/2015 | 0.1486 |
| 30/11/2014 | 04/12/2014 | 0.0311 |
| 02/11/2014 | 06/11/2014 | 0.0321 |
| 30/09/2014 | 06/10/2014 | 0.0346 |
| 01/09/2014 | 07/09/2014 | 0.0347 |
| 31/07/2014 | 06/08/2014 | 0.0336 |
Portfolio Data
Total Number of Holdings: 335
Number of Bond Holdings: 278
Number of Equity Holdings: 0
Total Market Value: 912,281,923
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | United States Treasury Bills 0% | 4.3362 | 12,000,000 | 0 | 11,979,000 |
| 2 | Bank of America, N.A. 2.26% | 1.4501 | 4,000,000 | 0 | 4,006,034 |
| 3 | Federal Home Loan Banks 0% | 1.4479 | 4,000,000 | 4,000,000 | 4,000,000 |
| 4 | Gilead Sciences, Inc. 2.35% | 1.3514 | 3,730,000 | 0 | 3,733,390 |
| 5 | Volkswagen Group of America Finance LLC 2.95% | 1.2723 | 3,500,000 | 0 | 3,514,754 |
| 6 | Prudential Financial, Inc. 4.5% | 1.1132 | 3,000,000 | 0 | 3,075,200 |
| 7 | Intel Corporation 2.45% | 1.0907 | 3,000,000 | 0 | 3,013,034 |
| 8 | SunTrust Bank 2.71% | 1.0903 | 3,000,000 | 0 | 3,012,050 |
| 9 | PNC Bank, National Association 2.48% | 1.0873 | 3,000,000 | 0 | 3,003,788 |
| 10 | Swedish Export Credit Corporation 2.17% | 1.0863 | 3,000,000 | 0 | 3,000,870 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| N.A | |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
0.0000
Price/Book*
0.0000
Price/Sales*
0.0000
Price/Cash Flow*
0.0000
Dividend Yield*
0.0000
Growth Measures
Long-Term Earnings
0.0000
Historical Earnings
0.0000
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
278
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 0.42 |
| Average Effective Maturity (Years)* | 0 |
| Average Credit Quality | 12.00 |
| Average Weighted Coupon* | 3.64 |
| Average Weighted Price* | 98.31 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 4.22 |
| AA | 5.80 |
| A | 34.50 |
| BBB | 34.05 |
| BB | 0.00 |
| B | 0.00 |
| Below B | 0.00 |
| Not Rated | 21.43 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 28.50 |
| 3 to 5 Years | 7.10 |
| 5 to 7 Years | 0.22 |
| 7 to 10 Years | 0.00 |
| 10 to 15 Years | 0.00 |
| 15 to 20 Years | 0.00 |
| 20 to 30 Years | 0.00 |
| Over 30 Years | 0.00 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 12.81 |
| 183 to 364 Days | 19.12 |
Data Source: Morningstar
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