FlexShares Ultra-Short Income Fund
RAVI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Oct 11, 2012
- CIK
- 0001491978
- Website
- flexshares.com
- Similar Companies
- Business
- FlexShares Ultra-Short Income Fund (RAVI) is an actively managed exchange-traded fund that seeks maximum current income consistent with the preservation of capital and liquidity by investing in a diversified portfolio of investment-grade, ultra-short-term fixed-income securities; these include U.S. and non-U.S. public and private debt issued by governments, government agencies, state and local governments, and private-sector entities such as corporations and banks, with a dollar-weighted average portfolio maturity of not more than two years and an average duration typically between 0.25 and one year. The fund's holdings encompass corporate bonds, floating-rate notes, asset-backed securities (limited to 10% of assets), mortgage-backed securities, and commercial paper, all rated within the top four categories by nationally recognized statistical rating organizations at the time of purchase, while maintaining constraints on concentrations in single issuers, emerging market debt, or specific asset classes. Northern Trust Investments, Inc., a subsidiary of Northern Trust Corporation, serves as the investment adviser, leveraging its fixed-income expertise to actively manage the portfolio based on interest rate forecasts and market conditions. RAVI operates within the ultra-short-term fixed-income segment of the broader exchange-traded funds industry, targeting investors seeking higher yields than traditional money market funds with minimal principal volatility and daily liquidity, including those managing short-term cash reserves or temporary investment needs. The fund benchmarks its performance against the Bloomberg 1-3 Month U.S. Treasury Bill Index but is not index-constrained, allowing flexibility in security selection. It trades on the NYSE Arca exchange under the ticker RAVI, with an expense ratio of 0.25%. Originally launched on October 9, 2012, as part of FlexShares Trust—a Maryland statutory trust formed in 2010 and sponsored by Northern Trust with headquarters in Chicago, Illinois—the fund underwent a significant name change from FlexShares Ready Access Variable Income Fund to its current name prior to January 3, 2023, reflecting its focus on ultra-short income generation. Recent institutional investor activity includes Northern Trust Corp increasing its holdings by 7.0% in the third quarter of 2025 to approximately 15.9 million shares valued at over $1.2 billion, alongside new positions and stake expansions by firms such as Tactive Advisors LLC, Interactive Financial Advisors Inc., and Envestnet Asset Management Inc., signaling growing adoption amid elevated short-term interest rates. The fund continues to distribute monthly dividends, with a notable ex-dividend date on June 2, 2025, at $0.29245 per share, underscoring its income-oriented strategy.