RAVI Northern Trust Ultra-Short Fixed Income ETF
Quote as of Oct 09, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 75.05 | Day Range | 75.02 – 75.08 |
| 52-Week Range | 74.36 – 75.98 | Volume | 18.69K |
| Avg Volume | 95.61K | AUM | $1.60B (Oct 10, 2026) |
| Expense Ratio | 0.26% | Yield (TTM) | 4.23% |
| NAV | 75.05 | Premium/Discount | -0.02% indicative |
| Inception | Oct 09, 2012 | Holdings | 280 |
| Issuer | FlexShares | Exchange | AMEX |
| Category | Bonds | Index Tracked | Not stated in source data |
| CUSIP | 33939L886 | ISIN | US33939L8862 |
| Structure | Inverse | ||
| Management | Not stated in source data | ||
About this ETF
This fund, formerly known as the "FlexShares Ready Access Variable Income Fund," is tailored for investors prioritizing a consistent income stream alongside minimal fluctuations in their investment's net asset value (NAV). The FlexShares Ultra-Short Income Fund (RAVI) aims to maximize current income, always with the critical objectives of protecting capital and ensuring liquidity.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.20% | -0.27% | -0.28% | -0.41% | -0.50% | +0.07% | -0.28% | -0.07% | 0.00% |
| Total return | -0.20% | +0.07% | +1.09% | +1.97% | +3.03% | +4.55% | +3.46% | +2.61% | +2.09% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.26% | Annual cost of a $10,000 investment | $26.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 280 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | FEDERAL HOME LOAN BANKS DISCOUNT NOTES ZERO CPN | — | 2.80% | 45.00M | $45.0M |
| 2 | WALT DISNEY CO/THE NOTES VARIABLE 14/MAR/2029… | — | 2.43% | 38.90M | $38.9M |
| 3 | MERCK & CO INC NOTES VARIABLE 15/MAR/2029… | — | 1.72% | 27.50M | $27.5M |
| 4 | BANK OF AMERICA CORP CALLABLE NOTES VARIABLE | — | 1.51% | 24.00M | $24.2M |
| 5 | ABBOTT LABORATORIES NOTES VARIABLE 09/MAR/2029… | — | 1.44% | 23.10M | $23.1M |
| 6 | AT&T INC CALLABLE NOTES FIXED 3.8%… | — | 1.43% | 23.00M | $22.9M |
| 7 | INGERSOLL RAND INC CALLABLE NOTES FIXED 5.197% | — | 1.25% | 20.00M | $20.0M |
| 8 | ROYAL BANK OF CANADA CALLABLE MEDIUM TERM NOTE | — | 1.25% | 20.00M | $20.0M |
| 9 | TRUIST BANK CALLABLE NOTES VARIABLE 27/JAN/2029 | — | 1.12% | 18.00M | $18.0M |
| 10 | CHEVRON USA INC NOTES VARIABLE 13/AUG/2028 USD | — | 1.08% | 17.20M | $17.3M |
| 11 | SANOFI SA NOTES VARIABLE 03/NOV/2028 USD 1000 | — | 1.05% | 16.70M | $16.8M |
| 12 | AMAZON.COM INC NOTES VARIABLE 09/JUL/2029 USD… | — | 0.94% | 15.00M | $15.0M |
| 13 | RECKITT BENCKISER TREASURY SERVICES PLC CALLABLE | — | 0.92% | 15.00M | $14.8M |
| 14 | MIZUHO FINANCIAL GROUP INC CALLABLE NOTES… | — | 0.90% | 14.50M | $14.5M |
| 15 | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD… | — | 0.90% | 14.38M | $14.4M |
| 16 | TOYOTA MOTOR CREDIT CORP NOTES VARIABLE | — | 0.87% | 14.00M | $14.0M |
| 17 | MACQUARIE BANK LTD NOTES VARIABLE 12/JUN/2028… | — | 0.81% | 13.00M | $13.1M |
| 18 | SANOFI SA NOTES VARIABLE 03/NOV/2027 USD 1000 | — | 0.78% | 12.50M | $12.5M |
| 19 | ALLSTATE CORP/THE CALLABLE BOND FIXED 3.28% | — | 0.77% | 12.31M | $12.3M |
| 20 | PEPSICO SINGAPORE FINANCING I PTE LTD NOTES | — | 0.76% | 12.20M | $12.2M |
| 21 | BLACKROCK INC CALLABLE NOTES FIXED 4.6% | — | 0.76% | 12.18M | $12.2M |
| 22 | TRUIST BANK CALLABLE NOTES VARIABLE 24/JUL/2028 | — | 0.75% | 12.00M | $12.0M |
| 23 | EXELON CORP CALLABLE NOTES FIXED 2.75%… | — | 0.71% | 11.50M | $11.4M |
| 24 | ABBVIE INC NOTES VARIABLE 03/MAR/2028 USD 1000 | — | 0.69% | 11.00M | $11.0M |
| 25 | AMERICAN HONDA FINANCE CORP MEDIUM TERM NOTE | — | 0.69% | 11.00M | $11.0M |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.23% | Paid (last 12 months) | $3.1750 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Oct 01, 2026 | Last payment | $0.2537 (Oct 07, 2026) |
| Growth 1Y | -11.39% | Growth 3Y / 5Y (ann.) | +1.72% / +42.36% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Oct 01, 2026 | Oct 01, 2026 | Oct 07, 2026 | $0.2537 |
| Sep 01, 2026 | Sep 01, 2026 | Sep 08, 2026 | $0.2652 |
| Aug 03, 2026 | Aug 03, 2026 | Aug 07, 2026 | $0.2591 |
| Jul 01, 2026 | Jul 01, 2026 | Jul 08, 2026 | $0.2513 |
| Jun 01, 2026 | Jun 01, 2026 | Jun 05, 2026 | $0.2618 |
| May 01, 2026 | May 01, 2026 | May 07, 2026 | $0.2568 |
| Apr 01, 2026 | Apr 01, 2026 | Apr 07, 2026 | $0.2680 |
| Mar 02, 2026 | Mar 02, 2026 | Mar 06, 2026 | $0.2419 |
| Feb 02, 2026 | Feb 02, 2026 | Feb 06, 2026 | $0.2596 |
| Dec 19, 2025 | Dec 19, 2025 | Dec 26, 2025 | $0.2820 |
| Dec 01, 2025 | Dec 01, 2025 | Dec 05, 2025 | $0.2863 |
| Nov 03, 2025 | Nov 03, 2025 | Nov 07, 2025 | $0.2892 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 0.61% / 0.59% | Sharpe 1Y / 3Y | -1.70 / 0.87 |
| Max drawdown 1Y / 3Y | -0.56% / -0.56% | Sortino 1Y | -2.28 |
| Beta vs S&P 500 (3Y) | 0.006 | Correlation vs S&P 500 (1Y) | -0.046 |
| Downside deviation 1Y | 0.45% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 11, 2026. Formulas →
Liquidity
| Volume today | 18.69K | Average volume | 95.61K |
| AUM | $1.60B | Premium/Discount | -0.02% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $1.60B → $1.60B |
| 1 Month | $71.8M | +4.69% | $1.53B → $1.60B |
| 1 Week | -$1.9M | -0.12% | $1.60B → $1.60B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for RAVI
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.