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RAVI · Northern Trust Ultra-Short Fixed Income ETF

Bond fundActively managed0.25% fee$1.5bnSince Jan 4, 2016
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RAVI is actively managed and returned +3.8% over the past year.

+3.8%
Total return, 1 year
0.25%
Expense ratio
244
Holdings
0.0%
Below its high
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3M Jul 2 – Oct 2, 2026+0.7%+3.6%−2.9 pts−4.6 pts
6M Apr 2 – Oct 2, 2026+1.8%+17.9%−16.1 pts−26.6 pts
1Y Oct 2, 2025 – Oct 2, 2026+3.8%+16.2%−12.5 pts−20.6 pts
3Y Oct 3, 2023 – Oct 2, 2026+15.6%+89.3%−73.7 pts−99.2 pts
Since listing Jan 4, 2016 – Oct 2, 2026+32.9%+355.6%−322.7 pts−606.7 pts

RAVI over each window to Oct 2, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.

Head to head
Funds near this one
AGGBNDBNDXBONDBSVEDV

In plain words

RAVI is actively managed and tracks no index. Over the year to Oct 2, 2026 it returned +3.8% with distributions reinvested, against +16.2% for the S&P 500 and +24.3% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year.
What it tracksNo index, actively managed
Fund typeBond fund
Category (ETFIQ)Bonds · Cash and ultrashort
Expense ratio (485BPOS XBRL, Feb 25, 2026)0.25%
Price$74.97
Listed sinceJan 4, 2016
Net assets (SEC N-PORT, whole fund, as filed for Jul 31, 2026)$1.5bn
Below its high (ETFIQ)0.0%
Holdings244
Top ten weight16.1%
Holdings as of (SEC N-PORT)Jul 31, 2026
Holdings for RAVI are read from the FlexShares Ultra-Short Income Fund filing, which tracks the same index; RAVI files on a different schedule.

Questions people ask about RAVI

How has RAVI performed?
Over the year to Oct 2, 2026, RAVI returned +3.8% with distributions reinvested, against +16.2% for the S&P 500. Over three years the figure is +15.6%.
What does RAVI cost?
The prospectus expense ratio is 0.25% a year.
How far is RAVI below its high?
0.0% below its high of Sep 30, 2026, measured on the reinvested series to Oct 2, 2026.
Sources and dates
Prices, RAVI and S&P 500Tiingo end-of-day · Oct 2, 2026
Fee, 0.25%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $1.5bnSEC N-PORT, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ covers core, leveraged and inverse, buffer, thematic, option-income, alternatives and spot crypto ETFs. This fund is here because the other funds here are measured against it and portfolios hold it. ETFIQ is an independent publisher and makes no recommendations. Standards and sources

How these figures are computed →Standards and sources →Open data →
Cite this page

ETFIQ, RAVI, core fund, data as of Oct 2, 2026. https://etfiq.com/funds/ravi

Free to use with attribution; the underlying files are at Open data.

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