Northern Trust Ultra-Short Fixed Income ETFRAVI

FlexSharesBonds & CashUltra-Short#106 of 786 by YTD

$75.01

0.0% last session

+3.0% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 6, 2026RAVIS&P 500 · VOOBonds & Cash average

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	+0.3%	+0.8%	+3.0%	+3.8%	+15.6%	+20.6%	+35.6%
Peer average	0.0%	+0.5%	+0.7%	+2.9%	+3.6%	+15.5%	+18.5%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $1.6B
Expense ratio: 0.26%
Distribution yield: 4.2%
NAV: $75.07
Volume: 62K
Avg. volume 30D: 73K
High today: $75.12
Low today: $75.01
Previous close: $75.04
52-week high: $75.63
52-week low: $74.36
Our risk indicator: 2/5

RAVI in One Breath

RAVI Among Ultra-Short ETFs

YTD

#1FUSIAmerican Century+4.3%$73.2M

#2RBILF/m+3.8%$176M

#3GMOCGMO+3.6%$30.0M

#4MINTPIMCO+3.5%$18.3B

#5TUSBThrivent+3.5%$200M

#6TUSITouchstone+3.4%$859M

#7KCSHKraneShares+3.4%$160M

#8PULSPGIM+3.4%$19.8B

#24RAVIFlexShares+3.0%$1.6B

End-of-day Nov 6, 2026 · 50 Ultra-short ETFs by YTD

$10,000 in RAVI

$10,000 in RAVI became

$12,058

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

RAVI’s Top Holdings

Today

WALT DISNEY COWalt Disney /the Notes Variable 14/mar/20292.4%MERCK & 1.7%BANK OF AMER1.5%ABBOTT LABOR1.4%AT&T INC1.4%DEUTSCHE BAN1.4%INGERSOLL RA1.2%ROYAL BANK O1.2%TRUIST BANK 1.1%CHEVRON USA 1.1%PNC FINANCIA1.0%MORGAN STANL1.0%SANOFI SA NO1.0%AMAZON.COM I0.9%RECKITT BENC0.9%MIZUHO FINAN0.9%AUSTRALIA &#0.9%TOYOTA MOTOR0.9%CASH0.9%MACQUARIE BA0.8%SANOFI SA NO0.8%ALLSTATE COR0.8%

FlexShares RAVI · 289 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What RAVI Holds

Today

All holdings100.0%

WALT DISNE 2.4 · MERCK &#38 1.7 · BANK OF AM 1.5 · ABBOTT LAB 1.4 · AT&T I 1.4 · DEUTSCHE B 1.4 · INGERSOLL 1.2

FlexShares RAVI · share of the fund · as of Nov 6, 2026

Walt’s Share of RAVI

Today

2.4%

$24 of every $1,000 in RAVI is Walt

Walt held by RAVI

$38.9M

FlexShares RAVI · each square = $10 of $1,000 · as of Nov 6, 2026

RAVI’s Share of Ultra-Short ETFs

Today

1.1%

of the $153B in 56 Ultra-short ETFs

RAVI$1.6B1.1%

JPST$42.5B27.8%

PULS$19.8B13.0%

53 others$88.9B58.2%

Ultra-short ETF AUM · Nov 6, 2026

RAVI Fee per $100 vs Peers

Today

$0.26a year
per $100

$26 a year on $10,000

ICSH$0.08

VUSB$0.10

PULS$0.15

JPST$0.18

RAVI$0.26

MINT$0.36

Expense ratio · Ultra-short peers · Nov 6, 2026

Inside RAVI

289 holdings · as of Nov 6, 2026

RAVI

Northern Trust Ultra-Short Fixed Income ETF

Today

All holdings100.0%Walt Disne2.4%Merck &#381.7%Bank OF Am1.5%275 more holdings81.5% of the fund

All holdings100.0%283 more holdings90.2% of the fund

#	Ticker	Company	Weight ▼
1	—	Walt Disney /the Notes Variable 14/mar/2029	2.41%
2	—	Merck & Notes Variable 15/mar/2029 1000	1.71%
3	—	Bank OF America Callable Notes Variable	1.50%
4	—	Abbott Laboratories Notes Variable 09/mar/2029	1.43%
5	—	At&t Callable Notes Fixed 3.8% 15/feb/2027	1.42%
6	—	Deutsche Bank Ag/new York NY Callable Notes	1.38%
7	—	Ingersoll Rand Callable Notes Fixed 5.197%	1.24%
8	—	Royal Bank OF Canada Callable Medium Term Note	1.24%
9	—	Truist Bank Callable Notes Variable 27/jan/2029	1.11%
10	—	Chevron USA Notes Variable 13/aug/2028	1.07%

See all 289 holdings ↓

FlexShares RAVI · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 23.8%

All RAVI Holdings

289 holdings · as of Nov 6, 2026

RAVI

RAVI’s Holdings

Today

#
1	—Walt Disney /the Notes Variable 14/mar/2029	2.41%	$240.78	38.9M	$38.9M
2	—Merck & Notes Variable 15/mar/2029 1000	1.71%	$170.51	27.5M	$27.5M
3	—Bank OF America Callable Notes Variable	1.50%	$149.50	24.0M	$24.2M
4	—Abbott Laboratories Notes Variable 09/mar/2029	1.43%	$143.16	23.1M	$23.1M
5	—At&t Callable Notes Fixed 3.8% 15/feb/2027	1.42%	$142.02	23.0M	$22.9M
6	—Ingersoll Rand Callable Notes Fixed 5.197%	1.24%	$124.01	20.0M	$20.0M
7	—Royal Bank OF Canada Callable Medium Term Note	1.24%	$123.76	20.0M	$20.0M
8	—Truist Bank Callable Notes Variable 27/jan/2029	1.11%	$111.17	18.0M	$18.0M
9	—Chevron USA Notes Variable 13/aug/2028	1.07%	$106.74	17.2M	$17.2M
10	—Sanofi Notes Variable 03/nov/2028 1000	1.03%	$103.48	16.7M	$16.7M
11	—Amazon. Notes Variable 09/jul/2029 1000	0.93%	$92.85	15.0M	$15.0M
12	—Reckitt Benckiser Treasury Services Callable	0.92%	$91.90	15.0M	$14.8M
13	—Mizuho Financial Group Callable Notes Variable	0.90%	$89.75	14.5M	$14.5M
14	—Australia & NEW Zealand Banking Group Medium	0.89%	$89.13	14.4M	$14.4M
15	—Toyota Motor Credit Notes Variable	0.87%	$86.69	14.0M	$14.0M

FlexShares RAVI · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

RAVI

Northern Trust Ultra-Short Fixed Income ETF’s Peers

YTD


JPST	J.P. MorganRead Desk	0.18%	+2.9%	+3.6%	$42.5B
PULS	PGIMRead Desk	0.15%	+3.4%	+4.1%	$19.8B
MINT	PIMCORead Desk	0.36%	+3.5%	+4.3%	$18.3B
VUSB	VanguardRead Desk	0.10%	+2.9%	+3.8%	$9.9B
ICSH	iSharesRead Desk	0.08%	+3.0%	+3.7%	$8.9B
RAVI	FlexSharesThis fundRead Desk	0.26%	+3.0%	+3.8%	$1.6B

Ultra-short peers · YTD and past-year returns · as of Nov 7, 2026 · sorted by AUM

Head to Head

Put RAVI head to head with JPST →

JPST vs RAVI

YTD

JPSTJ.P. Morgan · Ultra-shortRAVIFlexShares · Ultra-short

Year to date

+2.9%

+3.0%

RAVI wins+0.1 pts

Past year

+3.6%

+3.8%

RAVI wins+0.2 pts

Fee

0.18%

0.26%

JPST winslower fee

Yield

4.1%

4.2%

RAVI wins+0.1 pts

AUM

$42.5B

$1.6B

JPST26.3× more

3–1RAVI wins

J.P. Morgan JPST and FlexShares RAVI · year-to-date · as of Nov 7, 2026 · AUM not scored

RAVI vs VOO

YTD

RAVI · Northern Trust Ultra-Short Fixed Income

+3.0%

VOO · S&P 500

+8.7%

Gap

5.7 pts

FlexShares RAVI and Vanguard VOO · YTD total return · as of Nov 7, 2026

RAVI vs Its Peer Average

YTD

RAVIAvsBPeer average

1D0.0%0.0%

1M+0.3%+0.5%

3M+0.8%+0.7%

YTD+3.0%+2.9%

1Y+3.8%+3.6%

3Y+15.6%+15.5%

5Y+20.6%+18.5%

5–2RAVI wins

55 Ultra-short peers · each row scaled to its leader

The Details

RAVI

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y0.48%

Deepest drop · 1Y−0.1%

Lowest point · 5Y−1.4%

52-week range

$75.01

$74.36−0.8% from the high$75.63

FlexShares RAVI · past-year price moves · as of Nov 7, 2026

RAVI

Fund Facts

Today

2012launched Oct 9

Tracks[…]

Exchange · CUSIPAMEX · 33939L886

StructureETF

Leverage1x

Cost on $10,000$26 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

FlexShares RAVI · fund facts · as of Nov 7, 2026

RAVI

Payouts by Year

$0.28per share, Nov 2026

Distribution yield4.2%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 6, 2026

12 payouts added up$3.16 a share

FlexShares RAVI · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$75.07

Premium / discount[…]

Median spread · 30D[…]

Volume today62K

Average volume · 30D73K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.26%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$26.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 6, 2026	$0.28
Oct 1, 2026	Oct 7, 2026	$0.25
Sep 1, 2026	Sep 8, 2026	$0.27
Aug 3, 2026	Aug 7, 2026	$0.26
Jul 1, 2026	Jul 8, 2026	$0.25
Jun 1, 2026	Jun 5, 2026	$0.26
May 1, 2026	May 7, 2026	$0.26
Apr 1, 2026	Apr 7, 2026	$0.27
Mar 2, 2026	Mar 6, 2026	$0.24
Feb 2, 2026	Feb 6, 2026	$0.26
Dec 19, 2025	Dec 26, 2025	$0.28
Dec 1, 2025	Dec 5, 2025	$0.29

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