RAVI Northern Trust Ultra-Short Fixed Income ETF
Quote as of Aug 26, 2026 19:59 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 75.37 | Day Range | 75.35 – 75.39 |
| 52-Week Range | 74.36 – 75.98 | Volume | 64.16K |
| Avg Volume | 70.21K | AUM | $1.52B (Aug 27, 2026) |
| Expense Ratio | 0.26% | Yield (TTM) | 4.29% |
| NAV | 75.35 | Premium/Discount | +0.04% indicative |
| Inception | Oct 08, 2012 | Holdings | 266 |
| 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 Aug 27, 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 | +0.07% | -0.02% | -0.28% | -0.01% | -0.26% | +0.14% | -0.21% | -0.02% | +0.03% |
| Total return | +0.41% | +1.02% | +1.77% | +2.39% | +4.09% | +4.91% | +3.56% | +2.68% | +2.14% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 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 Aug 25, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 266 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | WALT DISNEY CO/THE NOTES VARIABLE 14/MAR/2029… | — | 2.55% | 38.90M | $38.9M |
| 2 | CASH | — | 2.07% | 31.68M | $31.7M |
| 3 | MERCK & CO INC NOTES VARIABLE 15/MAR/2029… | — | 1.81% | 27.50M | $27.6M |
| 4 | BANK OF AMERICA CORP CALLABLE NOTES VARIABLE | — | 1.58% | 24.00M | $24.2M |
| 5 | ABBOTT LABORATORIES NOTES VARIABLE 09/MAR/2029… | — | 1.51% | 23.10M | $23.1M |
| 6 | AT&T INC CALLABLE NOTES FIXED 3.8%… | — | 1.50% | 23.00M | $22.9M |
| 7 | INGERSOLL RAND INC CALLABLE NOTES FIXED 5.197% | — | 1.32% | 20.00M | $20.1M |
| 8 | ROYAL BANK OF CANADA CALLABLE MEDIUM TERM NOTE | — | 1.31% | 20.00M | $20.0M |
| 9 | TRUIST BANK CALLABLE NOTES VARIABLE 27/JAN/2029 | — | 1.18% | 18.00M | $18.0M |
| 10 | CHEVRON USA INC NOTES VARIABLE 13/AUG/2028 USD | — | 1.13% | 17.20M | $17.3M |
| 11 | SANOFI SA NOTES VARIABLE 03/NOV/2028 USD 1000 | — | 1.09% | 16.70M | $16.7M |
| 12 | AMAZON.COM INC NOTES VARIABLE 09/JUL/2029 USD… | — | 0.98% | 15.00M | $15.0M |
| 13 | RECKITT BENCKISER TREASURY SERVICES PLC CALLABLE | — | 0.97% | 15.00M | $14.8M |
| 14 | MIZUHO FINANCIAL GROUP INC CALLABLE NOTES… | — | 0.95% | 14.50M | $14.5M |
| 15 | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD… | — | 0.94% | 14.38M | $14.4M |
| 16 | TOYOTA MOTOR CREDIT CORP NOTES VARIABLE | — | 0.92% | 14.00M | $14.0M |
| 17 | MACQUARIE BANK LTD NOTES VARIABLE 12/JUN/2028… | — | 0.85% | 13.00M | $13.1M |
| 18 | SANOFI SA NOTES VARIABLE 03/NOV/2027 USD 1000 | — | 0.82% | 12.50M | $12.5M |
| 19 | ALLSTATE CORP/THE CALLABLE BOND FIXED 3.28% | — | 0.80% | 12.31M | $12.3M |
| 20 | PEPSICO SINGAPORE FINANCING I PTE LTD NOTES | — | 0.80% | 12.20M | $12.2M |
| 21 | BLACKROCK INC CALLABLE NOTES FIXED 4.6% | — | 0.80% | 12.18M | $12.2M |
| 22 | TRUIST BANK CALLABLE NOTES VARIABLE 24/JUL/2028 | — | 0.79% | 12.00M | $12.0M |
| 23 | EXELON CORP CALLABLE NOTES FIXED 2.75%… | — | 0.75% | 11.50M | $11.4M |
| 24 | AMERICAN HONDA FINANCE CORP MEDIUM TERM NOTE | — | 0.72% | 11.00M | $11.0M |
| 25 | ABBVIE INC NOTES VARIABLE 03/MAR/2028 USD 1000 | — | 0.72% | 11.00M | $11.0M |
Click a ticker to see every ETF that owns it.
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) | 4.29% | Paid (last 12 months) | $3.2321 |
| Frequency | Monthly | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Aug 03, 2026 | Last payment | $0.2591 (Aug 07, 2026) |
| Growth 1Y | -12.26% | Growth 3Y / 5Y (ann.) | +6.28% / +41.14% |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| 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 |
| Oct 01, 2025 | Oct 01, 2025 | Oct 07, 2025 | $0.2836 |
| Sep 02, 2025 | Sep 02, 2025 | Sep 08, 2025 | $0.2924 |
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 | 0.45% / 0.54% | Sharpe 1Y / 3Y | 0.863 / 2.27 |
| Max drawdown 1Y / 3Y | -0.12% / -0.44% | Sortino 1Y | 1.78 |
| Beta vs S&P 500 (3Y) | 0.005 | Correlation vs S&P 500 (1Y) | -0.085 |
| Downside deviation 1Y | 0.22% | Risk-free rate used | 3.72% (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 Aug 26, 2026. Formulas →
Liquidity
| Volume today | 64.16K | Average volume | 70.21K |
| AUM | $1.52B | Premium/Discount | +0.04% |
| 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 | $10.0M | +0.66% | $1.51B → $1.52B |
| 1 Week | $1.40B | +1220.75% | $115.1M → $1.52B |
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.