FlexShares Ultra-Short Income Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.8%
1 yr return
5.7%
3 Yr Avg Return
2.5%
5 Yr Avg Return
2.3%
Net Assets
$1.12 B
Holdings in Top 10
8.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 79.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RAVI - Profile
Distributions
- YTD Total Return 1.8%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 5.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlexShares Ultra-Short Income Fund
-
Fund Family NameFlexshares Trust
-
Inception DateOct 09, 2012
-
Shares Outstanding9200001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBilal Memon
Fund Description
RAVI - Performance
Return Ranking - Trailing
Period | RAVI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -1.7% | 3.3% | 41.20% |
1 Yr | 5.7% | -0.6% | 12.9% | 43.26% |
3 Yr | 2.5%* | -2.2% | 5.8% | 43.90% |
5 Yr | 2.3%* | -1.0% | 3.9% | 30.32% |
10 Yr | 1.8%* | -4.5% | 27.5% | 36.75% |
* Annualized
Return Ranking - Calendar
Period | RAVI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -2.3% | 4.3% | 65.28% |
2022 | -1.5% | -6.5% | 0.5% | 36.84% |
2021 | -0.9% | -2.1% | 0.3% | 90.15% |
2020 | 0.7% | -3.1% | 1.8% | 21.13% |
2019 | 0.9% | -1.2% | 6.1% | 23.91% |
Total Return Ranking - Trailing
Period | RAVI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.8% | -1.7% | 3.3% | 41.20% |
1 Yr | 5.7% | -0.6% | 12.9% | 43.26% |
3 Yr | 2.5%* | -2.2% | 5.8% | 43.90% |
5 Yr | 2.3%* | -1.0% | 3.9% | 30.32% |
10 Yr | 1.8%* | -4.5% | 27.5% | 36.75% |
* Annualized
Total Return Ranking - Calendar
Period | RAVI Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | 0.8% | 12.1% | 66.20% |
2022 | 0.2% | -5.1% | 2.5% | 40.67% |
2021 | 0.0% | -2.1% | 14.5% | 69.46% |
2020 | 2.1% | -1.0% | 3.6% | 29.38% |
2019 | 3.5% | 0.3% | 9.6% | 22.83% |
RAVI - Holdings
Concentration Analysis
RAVI | Category Low | Category High | RAVI % Rank | |
---|---|---|---|---|
Net Assets | 1.12 B | 25.6 K | 22.6 B | 43.64% |
Number of Holdings | 331 | 2 | 1291 | 36.36% |
Net Assets in Top 10 | 96.9 M | 32.5 K | 17.3 B | 64.55% |
Weighting of Top 10 | 8.64% | 5.6% | 163.3% | 95.45% |
Top 10 Holdings
- LyondellBasell Industries NV 0.89%
- State Street Corp. 0.89%
- U.S. Treasury Bills 0.89%
- U.S. Treasury Bills 0.88%
- U.S. Treasury Bills 0.88%
- Thermo Fisher Scientific, Inc. 0.88%
- Simon Property Group LP 0.87%
- International Business Machines Corp. 0.85%
- Hyundai Capital America 0.81%
- DR Horton, Inc. 0.80%
Asset Allocation
Weighting | Return Low | Return High | RAVI % Rank | |
---|---|---|---|---|
Bonds | 91.19% | 0.00% | 128.16% | 30.45% |
Convertible Bonds | 6.12% | 0.00% | 15.25% | 22.83% |
Cash | 4.73% | 0.00% | 109.89% | 52.73% |
Other | 4.09% | -29.59% | 99.92% | 58.18% |
Stocks | 0.00% | 0.00% | 97.29% | 86.82% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 85.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RAVI % Rank | |
---|---|---|---|---|
Corporate | 72.82% | 0.00% | 99.91% | 4.57% |
Cash & Equivalents | 3.81% | 0.00% | 109.89% | 54.55% |
Municipal | 2.48% | 0.00% | 70.39% | 10.50% |
Securitized | 1.95% | 0.00% | 100.00% | 75.80% |
Government | 0.40% | 0.00% | 100.00% | 61.64% |
Derivative | 0.00% | -29.59% | 21.59% | 63.18% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RAVI % Rank | |
---|---|---|---|---|
US | 91.19% | 0.00% | 128.16% | 30.45% |
Non US | 0.00% | 0.00% | 22.24% | 88.64% |
RAVI - Expenses
Operational Fees
RAVI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.26% | 0.02% | 28.11% | 83.94% |
Management Fee | 0.25% | 0.00% | 1.19% | 55.91% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 26.14% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
RAVI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
RAVI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RAVI Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 79.00% | 0.00% | 369.54% | 60.54% |
RAVI - Distributions
Dividend Yield Analysis
RAVI | Category Low | Category High | RAVI % Rank | |
---|---|---|---|---|
Dividend Yield | 5.38% | 0.00% | 8.09% | 38.64% |
Dividend Distribution Analysis
RAVI | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RAVI | Category Low | Category High | RAVI % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.30% | 14.86% | 9.92% |
Capital Gain Distribution Analysis
RAVI | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.338 | OrdinaryDividend |
Mar 07, 2024 | $0.310 | OrdinaryDividend |
Feb 07, 2024 | $0.337 | OrdinaryDividend |
Dec 21, 2023 | $0.329 | OrdinaryDividend |
Dec 07, 2023 | $0.338 | OrdinaryDividend |
Nov 07, 2023 | $0.316 | OrdinaryDividend |
Oct 06, 2023 | $0.306 | OrdinaryDividend |
Sep 08, 2023 | $0.302 | OrdinaryDividend |
Aug 07, 2023 | $0.296 | OrdinaryDividend |
Jul 10, 2023 | $0.275 | OrdinaryDividend |
Jun 07, 2023 | $0.278 | OrdinaryDividend |
May 05, 2023 | $0.263 | OrdinaryDividend |
Apr 10, 2023 | $0.250 | OrdinaryDividend |
Mar 07, 2023 | $0.224 | OrdinaryDividend |
Feb 07, 2023 | $0.236 | OrdinaryDividend |
Dec 22, 2022 | $0.217 | OrdinaryDividend |
Dec 07, 2022 | $0.193 | OrdinaryDividend |
Nov 07, 2022 | $0.176 | OrdinaryDividend |
Oct 07, 2022 | $0.144 | OrdinaryDividend |
Sep 08, 2022 | $0.140 | OrdinaryDividend |
Aug 05, 2022 | $0.110 | OrdinaryDividend |
Jul 08, 2022 | $0.077 | OrdinaryDividend |
Jun 07, 2022 | $0.070 | OrdinaryDividend |
May 06, 2022 | $0.046 | OrdinaryDividend |
Apr 07, 2022 | $0.035 | OrdinaryDividend |
Mar 07, 2022 | $0.028 | OrdinaryDividend |
Feb 07, 2022 | $0.032 | OrdinaryDividend |
Dec 07, 2021 | $0.029 | OrdinaryDividend |
Nov 05, 2021 | $0.037 | OrdinaryDividend |
Oct 07, 2021 | $0.036 | OrdinaryDividend |
Sep 08, 2021 | $0.038 | OrdinaryDividend |
Aug 06, 2021 | $0.041 | OrdinaryDividend |
Jul 08, 2021 | $0.042 | OrdinaryDividend |
Jun 07, 2021 | $0.044 | OrdinaryDividend |
May 07, 2021 | $0.042 | OrdinaryDividend |
Apr 08, 2021 | $0.046 | OrdinaryDividend |
Mar 05, 2021 | $0.042 | OrdinaryDividend |
Feb 05, 2021 | $0.046 | OrdinaryDividend |
Dec 07, 2020 | $0.051 | OrdinaryDividend |
Nov 06, 2020 | $0.049 | OrdinaryDividend |
Oct 07, 2020 | $0.052 | OrdinaryDividend |
Sep 08, 2020 | $0.056 | OrdinaryDividend |
Aug 07, 2020 | $0.063 | OrdinaryDividend |
Jul 08, 2020 | $0.059 | OrdinaryDividend |
Jun 05, 2020 | $0.099 | OrdinaryDividend |
May 07, 2020 | $0.113 | OrdinaryDividend |
Apr 07, 2020 | $0.117 | OrdinaryDividend |
Mar 06, 2020 | $0.118 | OrdinaryDividend |
Feb 07, 2020 | $0.140 | OrdinaryDividend |
Dec 27, 2019 | $0.141 | OrdinaryDividend |
Dec 06, 2019 | $0.135 | OrdinaryDividend |
Nov 07, 2019 | $0.147 | OrdinaryDividend |
Oct 07, 2019 | $0.151 | OrdinaryDividend |
Sep 09, 2019 | $0.162 | OrdinaryDividend |
Aug 07, 2019 | $0.155 | OrdinaryDividend |
Jul 08, 2019 | $0.168 | OrdinaryDividend |
Jun 07, 2019 | $0.173 | OrdinaryDividend |
May 07, 2019 | $0.172 | OrdinaryDividend |
Apr 05, 2019 | $0.177 | OrdinaryDividend |
Mar 07, 2019 | $0.162 | OrdinaryDividend |
Feb 07, 2019 | $0.173 | OrdinaryDividend |
Dec 28, 2018 | $0.214 | OrdinaryDividend |
Dec 07, 2018 | $0.126 | OrdinaryDividend |
Nov 07, 2018 | $0.148 | OrdinaryDividend |
Oct 05, 2018 | $0.148 | OrdinaryDividend |
Sep 10, 2018 | $0.152 | OrdinaryDividend |
Aug 07, 2018 | $0.150 | OrdinaryDividend |
Jul 09, 2018 | $0.150 | OrdinaryDividend |
Jun 07, 2018 | $0.125 | OrdinaryDividend |
May 07, 2018 | $0.128 | OrdinaryDividend |
Apr 06, 2018 | $0.127 | OrdinaryDividend |
Mar 07, 2018 | $0.102 | OrdinaryDividend |
Feb 07, 2018 | $0.097 | OrdinaryDividend |
Dec 28, 2017 | $0.114 | OrdinaryDividend |
Dec 07, 2017 | $0.094 | OrdinaryDividend |
Nov 07, 2017 | $0.087 | OrdinaryDividend |
Oct 06, 2017 | $0.088 | OrdinaryDividend |
Sep 08, 2017 | $0.087 | OrdinaryDividend |
Aug 07, 2017 | $0.082 | OrdinaryDividend |
Jul 10, 2017 | $0.076 | OrdinaryDividend |
Jun 07, 2017 | $0.080 | OrdinaryDividend |
May 05, 2017 | $0.065 | OrdinaryDividend |
Apr 07, 2017 | $0.063 | OrdinaryDividend |
Mar 07, 2017 | $0.059 | OrdinaryDividend |
Feb 07, 2017 | $0.068 | OrdinaryDividend |
Jan 04, 2017 | $0.049 | OrdinaryDividend |
Dec 07, 2016 | $0.063 | OrdinaryDividend |
Nov 07, 2016 | $0.060 | OrdinaryDividend |
Oct 07, 2016 | $0.061 | OrdinaryDividend |
Sep 08, 2016 | $0.059 | OrdinaryDividend |
Aug 05, 2016 | $0.058 | OrdinaryDividend |
Jul 08, 2016 | $0.058 | OrdinaryDividend |
Jun 07, 2016 | $0.056 | OrdinaryDividend |
May 06, 2016 | $0.058 | OrdinaryDividend |
Apr 07, 2016 | $0.058 | OrdinaryDividend |
Mar 07, 2016 | $0.059 | OrdinaryDividend |
Feb 05, 2016 | $0.042 | OrdinaryDividend |
Jan 05, 2016 | $0.044 | OrdinaryDividend |
Dec 07, 2015 | $0.034 | OrdinaryDividend |
Nov 06, 2015 | $0.043 | OrdinaryDividend |
Oct 07, 2015 | $0.038 | OrdinaryDividend |
Sep 08, 2015 | $0.041 | OrdinaryDividend |
Aug 07, 2015 | $0.032 | OrdinaryDividend |
Jul 08, 2015 | $0.038 | OrdinaryDividend |
Jun 05, 2015 | $0.038 | OrdinaryDividend |
May 07, 2015 | $0.036 | OrdinaryDividend |
Apr 08, 2015 | $0.037 | OrdinaryDividend |
Mar 06, 2015 | $0.033 | OrdinaryDividend |
Feb 06, 2015 | $0.029 | OrdinaryDividend |
Jan 05, 2015 | $0.035 | OrdinaryDividend |
Dec 05, 2014 | $0.031 | OrdinaryDividend |
Nov 07, 2014 | $0.032 | OrdinaryDividend |
Oct 07, 2014 | $0.035 | OrdinaryDividend |
Sep 08, 2014 | $0.035 | OrdinaryDividend |
Aug 07, 2014 | $0.034 | OrdinaryDividend |
Jul 08, 2014 | $0.035 | OrdinaryDividend |
Jun 06, 2014 | $0.032 | OrdinaryDividend |
May 07, 2014 | $0.036 | OrdinaryDividend |
Apr 07, 2014 | $0.034 | OrdinaryDividend |
Mar 07, 2014 | $0.030 | OrdinaryDividend |
Feb 07, 2014 | $0.029 | OrdinaryDividend |
Jan 03, 2014 | $0.006 | OrdinaryDividend |
Dec 06, 2013 | $0.055 | OrdinaryDividend |
Nov 07, 2013 | $0.030 | OrdinaryDividend |
Oct 07, 2013 | $0.021 | OrdinaryDividend |
Sep 09, 2013 | $0.029 | OrdinaryDividend |
Aug 07, 2013 | $0.031 | OrdinaryDividend |
Jul 08, 2013 | $0.027 | OrdinaryDividend |
Jun 07, 2013 | $0.012 | OrdinaryDividend |
May 07, 2013 | $0.032 | OrdinaryDividend |
Apr 05, 2013 | $0.028 | OrdinaryDividend |
Mar 07, 2013 | $0.024 | OrdinaryDividend |
Feb 07, 2013 | $0.018 | OrdinaryDividend |
Jan 03, 2013 | $0.043 | OrdinaryDividend |
Dec 07, 2012 | $0.012 | OrdinaryDividend |
Nov 07, 2012 | $0.003 | OrdinaryDividend |
RAVI - Fund Manager Analysis
Managers
Bilal Memon
Start Date
Tenure
Tenure Rank
Oct 09, 2012
9.65
9.7%
Bilal Memon is Vice President of NTI. Mr. Memon joined NTI in 2007 and is responsible for managing various short duration portfolios.Prior to joining Northern Trust in 2007, he was with Ford Motor Company for three years. He joined them as the Associate Director of Pension Asset Management, became a Fixed Income Portfolio Manager in 2005, and finally became part of the Treasury Staff in 2006.Bilal received his B.A degree in Economics from The University of Chicago and his M.B.A. degree in Analytical Finance and Marketing Management from The University of Chicago Graduate School of Business.
Patrick Quinn
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Mr. Quinn is a Vice President of Northern Trust Investments, Inc. and has been manager of the Fund since May 2009. Mr. Quinn is also a Senior Portfolio Manager in the Enhanced Cash Group, which he joined in 2001.
Morten Olsen
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Morten Olsen is a Vice President of Northern Trust Investments, Inc. Mr. Olsen joined Northern Trust Investments, Inc. in 2009. From 2004 to 2008, Mr. Olsen worked at Lehman Brothers and from 2008 to 2009 at Nomura. In both roles, Mr. Olsen was responsible for the investment of the banks liquidity pool.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 7.92 |