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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Core Select Bond Fund

BNDC | Active ETF

$21.96

$175 M

4.00%

$0.88

0.49%

Vitals

YTD Return

1.2%

1 yr return

5.8%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

-0.3%

Net Assets

$175 M

Holdings in Top 10

96.9%

52 WEEK LOW AND HIGH

$22.0
$21.42
$23.00

Expenses

OPERATING FEES

Expense Ratio 0.49%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Core Select Bond Fund

BNDC | Active ETF

$21.96

$175 M

4.00%

$0.88

0.49%

BNDC - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FlexShares Core Select Bond Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Nov 18, 2016
  • Shares Outstanding
    6425001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Personette

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, 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 ("ETFs") and other registered investment companies (together with ETFs, “Underlying Funds”). The Fund primarily invests in fixed-income securities of varying maturities, including bonds, debt securities and other similar instruments issued by U.S. public and U.S and non-U.S. private sector entities. Such issuers include, without limitation, U.S. governments and their agencies, instrumentalities or sponsored enterprises, and
U.S. and non-U.S. private-sector entities, such as corporations and banks. The Fund may invest in fixed income securities of any maturity.
The Fund seeks to provide attractive risk-adjusted performance by investing in a portfolio of fixed-income securities and Underlying Funds. The Fund generally adjusts its allocations to securities based on NTI’s assessment of potential changes in interest rate levels, the shape of the yield curve and credit spread relationships. The Fund also seeks to balance the potential for return and risk while emphasizing liquidity and diversification across a spectrum of U.S. dollar-denominated investment-grade fixed income securities.
The Fund may invest, without limitation, in mortgage- or asset-backed securities, including to-be-announced (“TBA”) transactions, and purchase and sell securities on a when-issued, delayed delivery or forward commitment basis. The Fund also may, without limitation, seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts (such as buy backs or mortgage dollar rolls).
When necessary or appropriate to manage the Fund’s exposure to interest-rate risks, the Fund may take short or long positions in U.S. Treasury futures or transact in interest rate swaps. The Fund’s short positions in U.S. Treasury futures are not intended to mitigate credit spread risk or other factors influencing the price of non-government bonds, which may have a greater impact than interest rates. The Fund may also invest in other interest rate futures contracts, including, but not limited to, Eurodollar and Federal Funds futures.
The Fund may invest in short-term paper, cash and cash equivalents, including shares of affiliated and unaffiliated money market funds, in order to achieve its investment objective.
The Fund may make the foregoing investments either directly or indirectly by investing in Underlying Funds, such as indexed or actively managed ETFs or other registered investment companies that invest in such securities. The Underlying Funds in which the Fund may invest include funds managed by NTI or its affiliates.
The Fund is an actively managed ETF that does not seek to replicate the performance of a specified index. The Fund may have a higher degree of portfolio turnover than funds that seek to replicate the performance of an index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
Read More

BNDC - Performance

Return Ranking - Trailing

Period BNDC Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -6.4% 10.8% 82.55%
1 Yr 5.8% -2.1% 16.4% 86.96%
3 Yr -2.6%* -10.0% 27.5% 68.26%
5 Yr -0.3%* -7.5% 58.4% 67.77%
10 Yr N/A* -2.9% 73.8% 8.57%

* Annualized

Return Ranking - Calendar

Period BNDC Return Category Return Low Category Return High Rank in Category (%)
2023 2.0% -16.2% 8.1% 57.51%
2022 -15.7% -34.7% 131.9% 42.74%
2021 -3.7% -11.6% 4.4% 62.16%
2020 5.8% -10.1% 946.1% 16.72%
2019 6.4% -1.7% 16.9% 22.54%

Total Return Ranking - Trailing

Period BNDC Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -6.4% 10.8% 82.55%
1 Yr 5.8% -2.1% 16.4% 86.96%
3 Yr -2.6%* -10.0% 27.5% 68.26%
5 Yr -0.3%* -7.5% 58.4% 67.77%
10 Yr N/A* -2.9% 73.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BNDC Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -11.3% 11.9% 74.59%
2022 -13.5% -32.2% 131.9% 48.21%
2021 -2.0% -9.4% 9.2% 86.69%
2020 8.7% -1.9% 1009.0% 42.09%
2019 9.6% 1.1% 21668.0% 30.37%

BNDC - Holdings

Concentration Analysis

BNDC Category Low Category High BNDC % Rank
Net Assets 175 M 2.9 M 314 B 83.90%
Number of Holdings 16 1 17787 98.15%
Net Assets in Top 10 163 M 1.62 M 35.1 B 64.54%
Weighting of Top 10 96.93% 4.4% 432.9% 2.48%

Top 10 Holdings

  1. iShares MBS ETF 24.37%
  2. iShares 20+ Year Treasury Bond ETF 13.07%
  3. FlexShares Disciplined Duration MBS Index Fund 12.49%
  4. iShares 3-7 Year Treasury Bond ETF 11.95%
  5. FlexShares Credit-Scored US Corporate Bond Index Fund 9.36%
  6. iShares 1-5 Year Investment Grade Corporate Bond ETF 8.29%
  7. iShares 7-10 Year Treasury Bond ETF 5.77%
  8. FlexShares Ultra-Short Income Fund 4.66%
  9. iShares 5-10 Year Investment Grade Corporate Bond ETF 3.63%
  10. iShares 1-3 Year Treasury Bond ETF 3.34%

Asset Allocation

Weighting Return Low Return High BNDC % Rank
Convertible Bonds 		1.86% 0.00% 7.93% 35.71%
Other 		0.73% -27.25% 52.94% 72.35%
Cash 		0.04% -54.51% 237.69% 90.54%
Stocks 		0.00% 0.00% 99.99% 97.64%
Preferred Stocks 		0.00% 0.00% 71.02% 97.12%
Bonds 		0.00% 0.00% 993.61% 99.59%

BNDC - Expenses

Operational Fees

BNDC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.49% 0.01% 39.64% 73.63%
Management Fee 0.35% 0.00% 1.76% 50.05%
12b-1 Fee 0.00% 0.00% 1.00% 14.78%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

BNDC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BNDC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BNDC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 33.76%

BNDC - Distributions

Dividend Yield Analysis

BNDC Category Low Category High BNDC % Rank
Dividend Yield 4.00% 0.00% 10.11% 70.97%

Dividend Distribution Analysis

BNDC Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

BNDC Category Low Category High BNDC % Rank
Net Income Ratio 1.72% -1.28% 4.79% 49.84%

Capital Gain Distribution Analysis

BNDC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BNDC - Fund Manager Analysis

Managers

Daniel Personette

Start Date

Tenure

Tenure Rank

Nov 18, 2016

5.53

5.5%

Daniel J. Personette, CFA is a Vice President, Director- Interest Rate Strategy and a Senior Fixed Income Portfolio Manager with the long duration fixed income group within Northern Trust Global Investments. Dan is responsible for the interest rate strategy for active long duration fixed income, and is also lead portfolio manager for $15 billion passive global interest rate and $11 billion in domestic inflation products and ETF's. Prior to joining Northern Trust as an Accounting Auditor in 1996, he served in the shareholder service department at Kemper Mutual Funds. He was named an Officer In September of 2000, and a Second Vice President in 2003.

Morten Olsen

Start Date

Tenure

Tenure Rank

Sep 29, 2020

1.67

1.7%

Morten Olsen is a Vice President of Northern Trust Investments, Inc. Mr. Olsen joined Northern Trust Investments, Inc. in 2009. From 2004 to 2008, Mr. Olsen worked at Lehman Brothers and from 2008 to 2009 at Nomura. In both roles, Mr. Olsen was responsible for the investment of the banks liquidity pool.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.77 1.16

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