ATLASFlexShares Ultra-Short Income Fund (RAVI): outlook, holdings and fees
FlexShares Ultra-Short Income Fund (RAVI) is an exchange-traded fund and is managed by Northern Trust. The expense ratio is 0.24% and the yield is 4.09%. The ten largest holdings are 10% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on RAVI
| Last price | $75.26 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 58% |
| Likely 1-month range (50%) | $74.29 – $77.07 |
| Normal 1-day range (±1σ) | ±0.6% |
| Distribution yield | 4.09% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
RAVI fund facts
| Issuer | Northern Trust |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $1.6B |
| Expense ratio | 0.24% |
| Number of holdings | 106 |
| Portfolio turnover | 37% |
| Inception | Oct 9, 2012 |
| Exchange | NYSE |
The fund seeks to achieve its investment objective by investing at least 80% of its total assets in a portfolio of fixed-income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed-income securities and instruments of issuers in emerging markets.
RAVI top holdings
| Holding | Sector | Weight |
|---|---|---|
| Valero Energy Corporation VLO | Energy | 1.51% |
| One Gas Inc OGS | Utilities | 1.09% |
| Consolidated Edison Inc ED | Utilities | 1.09% |
| Keurig Dr Pepper Inc KDP | Consumer Defensive | 0.95% |
| PayPal Holdings Inc PYPL | Financial Services | 0.95% |
| Otis Worldwide Corp OTIS | Industrials | 0.95% |
| Pioneer Natural Resources Co PXD | Energy | 0.93% |
| Danaher Corporation DHR | Healthcare | 0.85% |
| LyondellBasell Industries NV LYB | Basic Materials | 0.85% |
| DTE Energy Company DTE | Utilities | 0.76% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
RAVI returns and risk
| Year to date | +2.7% |
|---|---|
| 1 year | +3.7% |
| 3 years (annualised) | +4.8% |
| 5 years (annualised) | +3.8% |
| 10 years (annualised) | +2.7% |
| Volatility (3 years) | 0.4% |
| Sharpe ratio (3 years) | 1.01 |
Past returns do not guarantee future results.
RAVI: frequently asked questions
What does RAVI invest in?
FlexShares Ultra-Short Income Fund invests in a portfolio of securities. Its largest holdings are Valero Energy Corporation (1.5%), One Gas Inc (1.1%), Consolidated Edison Inc (1.1%), Keurig Dr Pepper Inc (0.9%), PayPal Holdings Inc (0.9%).
What is the RAVI expense ratio?
0.24% a year: about $24.00 for every $10,000 invested.
What is the RAVI dividend yield?
4.09%. ATLAS does not hold the exact distribution dates for ETFs.
Will RAVI go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 58%, with a likely range (50%) of $74.29 to $77.07 from $75.26 today. It is a probability, not a prediction.
How has RAVI performed?
Year to date +2.7%, one year +3.7%, three years +4.8% a year, five years +3.8% a year. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
Educational information, not investment advice. Disclaimer