OCIO vs. BNDC ETF Comparison

Comparison of ClearShares OCIO ETF (OCIO) to FlexShares Core Select Bond Fund (BNDC)

OCIO

ClearShares OCIO ETF

OCIO Description

The investment seeks to outperform a traditional 60/40 mix of global equity and fixed-income investments. The fund is expected to typically invest approximately 40% to 70% of its total assets in underlying funds that principally invest in equity securities of any market capitalization. It is expected to typically invest approximately 20% to 50% of its total assets in underlying funds that principally invest in debt obligations.

Grade (RS Rating)

Last Trade

$34.36

Average Daily Volume

775

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

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

$21.96

Average Daily Volume

21,942

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	OCIO	BNDC
30 Days	0.25%	-0.90%
60 Days	1.41%	-3.60%
90 Days	2.21%	-2.67%
12 Months	15.88%	4.79%

3 Overlapping Holdings

	Symbol	Grade	Weight in OCIO	Weight in BNDC	Overlap
	IEF	F	1.75%	5.71%	1.75%
	IEI	D	4.37%	11.99%	4.37%
	SHY	D	2.58%	3.39%	2.58%

OCIO Overweight 12 Positions Relative to BNDC

	Symbol	Grade	Weight
	QQQ	B	5.93%
	SPMO	A	5.24%
	OPER	A	4.04%
	HEFA	D	3.15%
	SCHK	A	3.1%
	GVI	D	3.08%
	SCHF	D	3.03%
	VGIT	D	1.31%
	IXUS	D	0.95%
	EYLD	D	0.87%
	EMXC	D	0.71%
	CGV	D	0.47%

OCIO Underweight 6 Positions Relative to BNDC

	Symbol	Grade	Weight
	MBB	D	-24.36%
	MBSD	D	-12.54%
	SKOR	C	-9.48%
	RAVI	A	-4.74%
	TDTT	C	-2.05%
	LKOR	D	-0.5%

OCIO: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond Stock Market Index U.S. Government U.S. Treasury Bond Market Exchange Traded Funds Government Bonds Betashares Bond Market Indices Index Fund MSCI EAFE Bear Market ETF Bond Fund Corporate Bond Currency Debt Dividend

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