BNDC vs. RAAX ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to VanEck Vectors Real Asset Allocation ETF (RAAX)

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

$22.86

Average Daily Volume

17,465

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$28.71

Average Daily Volume

13,574

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	RAAX
30 Days	1.54%	1.61%
60 Days	4.20%	2.43%
90 Days	4.65%	4.13%
12 Months	9.78%	8.14%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in RAAX	Overlap

BNDC Overweight 9 Positions Relative to RAAX

	Symbol	Grade	Weight
	MBB	B	24.32%
	MBSD	B	12.35%
	IEI	B	11.84%
	SKOR	A	9.24%
	IEF	B	5.76%
	RAVI	A	4.52%
	SHY	A	3.27%
	TDTT	A	1.97%
	LKOR	A	0.5%

BNDC Underweight 9 Positions Relative to RAAX

	Symbol	Grade	Weight
	PIT	D	-20.31%
	EINC	A	-12.76%
	REZ	B	-7.01%
	PAVE	B	-4.78%
	NLR	D	-1.82%
	SLX	D	-1.63%
	GDX	B	-1.34%
	PHO	B	-1.03%
	MOO	C	-1.0%

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

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust