BNDC vs. ARP ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to PMV Adaptive Risk Parity ETF (ARP)

BNDC

FlexShares Core Select Bond Fund

BNDC Description

The investment seeks total return and preservation of capital. The fund invests at least 80% of its net assets in U.S. dollar-denominated investment-grade fixed-income securities either directly or indirectly through exchange-traded funds and other registered investment companies. The fund may invest, without limitation, in mortgage- or asset-backed securities, including to-be-announced transactions, and purchase and sell securities on a when-issued, delayed delivery or forward commitment basis.

Grade (RS Rating)

Last Trade

$22.05

Average Daily Volume

15,956

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.62

Average Daily Volume

2,903

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	ARP
30 Days	-3.34%	-0.57%
60 Days	-2.19%	0.96%
90 Days	-2.31%	4.49%
12 Months	7.19%	17.06%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in ARP	Overlap

BNDC Overweight 9 Positions Relative to ARP

	Symbol	Grade	Weight
	MBB	D	24.34%
	MBSD	C	12.49%
	IEI	C	11.97%
	SKOR	C	9.43%
	IEF	D	5.74%
	RAVI	A	4.69%
	SHY	C	3.36%
	TDTT	C	2.03%
	LKOR	D	0.5%

BNDC Underweight 4 Positions Relative to ARP

	Symbol	Grade	Weight
	PHYS	A	-20.89%
	SHV	A	-15.16%
	VGLT	D	-4.78%
	QQQ	B	-2.03%

BNDC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market U.S. Treasury Bloomberg Barclays Us Aggregate Bond Index Bond Fund Government Bonds U.S. Government Yield Collateralized Debt Obligation Corporate Bond Mortgage Backed Security Northern Trust Structured Finance Credit Rating Agencies Debt Securities Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond U.S. Government U.S. Treasury Barclays U.S. Long Government Bear Market ETF Bond Fund Bond Market Bond Market Indices Bullion Corporate Bond Exchange Traded Funds Exchange Traded Products Fixed Income Government Bond Government Bonds Inflation Inverse ETF