Flexshares TrustUltrashort BondRAVI · NYSE Arca

Northern Trust Ultra-Short Income ETF (RAVI)

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Price: $75.15; —11 Sept 2026
Assets: $1.5B; Total net assets
Expense ratio: 0.25%; Category 0.38%
Yield: 4.29%; Trailing distributions

1Y return: 3.9%0.0%; Category 3.9%
3Y CAGR: 5.0%-0.1%; Category 5.1%
5Y CAGR: 3.7%-0.3%; Category 3.9%

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Northern Trust Ultra-Short Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+0.2%	+0.8%	+1.9%	+2.5%	+3.9%	+5.0%	+3.7%	+2.7%	+2.2%
Ultrashort Bond average	0.3%	0.8%	2.0%	2.6%	3.9%	5.1%	3.9%	3.0%	3.4%
Difference	0.0%	0.0%	-0.1%	-0.1%	0.0%	-0.1%	-0.3%	-0.3%	-1.2%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

US government1.2%
AAA6.5%
AA15.9%
A47.3%
BBB29.5%
Other0.9%

Asset mix

Bonds93.6%
Cash6.4%

ETF details

Issuer: Flexshares Trust
Category: Fixed Income · Ultrashort Bond
Ticker: RAVI
Exchange: NYSE Arca
Inception: 9 Oct 2012 (13.9 years)
Structure: Exchange Traded Fund
Expense ratio: 0.25% (category 0.38%)
Holdings turnover: 68% (category 63%)
Distribution yield: 4.29%
Beta, 3 years: 0.04
Total net assets: $1.5B
Average duration: 4.43 years
Average maturity: 10.00 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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