BNDC vs. IYLD ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to iShares Morningstar Multi-Asset Income ETF (IYLD)

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

$21.97

Average Daily Volume

22,029

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$20.16

Average Daily Volume

15,274

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	IYLD
30 Days	-0.62%	-0.65%
60 Days	-3.53%	-1.63%
90 Days	-2.65%	-0.36%
12 Months	4.82%	10.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in IYLD	Overlap

BNDC Overweight 9 Positions Relative to IYLD

	Symbol	Grade	Weight
	MBB	C	24.36%
	MBSD	D	12.54%
	IEI	D	11.99%
	SKOR	C	9.48%
	IEF	F	5.71%
	RAVI	A	4.74%
	SHY	D	3.39%
	TDTT	C	2.05%
	LKOR	D	0.5%

BNDC Underweight 11 Positions Relative to IYLD

	Symbol	Grade	Weight
	PFF	C	-15.38%
	FLOT	A	-15.25%
	USHY	B	-15.24%
	ISTB	C	-15.09%
	ILF	F	-9.89%
	EFV	D	-8.99%
	CEMB	C	-5.02%
	AGZ	C	-5.0%
	LEMB	F	-4.9%
	USRT	B	-3.4%
	REET	C	-1.73%

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

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Real Estate Investment Trust U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Epra Index European Public Real Estate Association Futures Markets Investment Trust