BNDC vs. LCR ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to Leuthold Core ETF (LCR)

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

LCR

Leuthold Core ETF

LCR Description

The investment seeks capital appreciation and income (or total return). The fund is an actively-managed fund of funds and seeks to achieve its objective by investing primarily in other registered investment companies, including other actively-managed exchange-traded funds (ETFs) and index-based ETFs (collectively, underlying funds), that provide exposure to a broad range of asset classes. The underlying funds may invest in equity securities of U.S. or foreign companies; debt obligations of U.S. or foreign companies or governments; or other investments, such as volatility indexes and managed futures.

Grade (RS Rating)

Last Trade

$35.76

Average Daily Volume

19,387

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	LCR
30 Days	-0.90%	1.16%
60 Days	-3.60%	1.53%
90 Days	-2.67%	2.21%
12 Months	4.79%	15.50%

3 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in LCR	Overlap
	IEF	F	5.68%	1.69%	1.69%
	MBB	D	24.3%	0.97%	0.97%
	SHY	D	3.37%	8.96%	3.37%

BNDC Overweight 6 Positions Relative to LCR

	Symbol	Grade	Weight
	MBSD	D	12.49%
	IEI	D	11.93%
	SKOR	C	9.44%
	RAVI	A	4.72%
	TDTT	C	2.04%
	LKOR	D	0.5%

BNDC Underweight 6 Positions Relative to LCR

	Symbol	Grade	Weight
	XLC	A	-9.44%
	SPDN	F	-2.99%
	IAK	A	-2.66%
	BWX	F	-2.5%
	IBND	F	-1.27%
	GDX	C	-1.06%

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

LCR: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Government Bonds U.S. Government U.S. Treasury American Depositary Receipt Barclays Bear Market ETF Bond Market Indices Direxion Dow Jones U.S. Select Dividend Total Return Index Exchange Traded Funds Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association Freddie Mac Global Industry Classification Standard