BNDC vs. DBE ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to PowerShares DB Energy Fund (DBE)

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

$21.48

Average Daily Volume

22,465

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

DBE

PowerShares DB Energy Fund

DBE Description

The PowerShares DB Energy Fund seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Energy Index Excess Return™ ("DB Energy Index" or the "Index") plus the interest income from the Fund’s holdings of US Treasury securities less the Fund’s expenses. DB Commodity Services LLC serves as the Managing Owner of the Fund. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. The Index is a rules-based index composed of futures contracts on some of the most heavily traded energy commodities in the world — light sweet crude oil (WTI), heating oil, Brent crude oil, RBOB gasoline and natural gas. You cannot invest directly in the Index. The Fund and the Index are rebalanced and reconstituted annually in November. This Fund is not suitable for all investors due to the speculative nature of an investment based upon the Fund’s trading which takes place in very volatile markets. Because an investment in futures contracts is volatile, such frequency in the movement in market prices of the underlying futures contracts could cause large losses. Please see "Important Considerations" and the Prospectus for additional risk disclosures.

Grade (RS Rating)

Last Trade

$20.79

Average Daily Volume

22,521

Number of Holdings ^*

0

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	DBE
30 Days	-1.66%	-0.84%
60 Days	-1.28%	4.00%
90 Days	-1.89%	6.15%
12 Months	-1.06%	3.17%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in DBE	Overlap

BNDC Overweight 9 Positions Relative to DBE

	Symbol	Grade	Weight
	MBB	D	24.14%
	IEI	D	20.81%
	MBSD	C	12.48%
	SKOR	B	7.23%
	RAVI	A	5.49%
	TDTT	B	2.06%
	IEF	F	0.99%
	SHY	C	0.89%
	LKOR	C	0.49%

BNDC Underweight 0 Positions Relative to DBE

	Symbol	Grade	Weight

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

DBE: Top Represented Industries & Keywords

Industries:

Keywords: