BNDC vs. MAMB ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to Monarch Ambassador Income ETF (MAMB)

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

$21.62

Average Daily Volume

24,838

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

MAMB

Monarch Ambassador Income ETF

MAMB Description

The investment seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Kingsview Ambassador Income Index. The fund generally invests at least 80% of its total assets in the constituents of the index. The index is designed to measure the performance of an investable universe of fixed income securities of varying credit quality and duration, including corporate bonds, lower-quality bonds, known as "high yield" or "junk" bonds, treasury bonds, municipal bonds, mortgage backed securities and convertible bonds, that provide broad exposure to the U.S. and global bond market.

Grade (RS Rating)

Last Trade

$21.70

Average Daily Volume

11,315

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	MAMB
30 Days	-1.44%	-1.54%
60 Days	-1.79%	-1.70%
90 Days	-3.25%	-3.19%
12 Months	-1.71%	-2.24%

3 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in MAMB	Overlap
	IEF	F	9.99%	19.81%	9.99%
	MBB	B	24.22%	12.41%	12.41%
	SHY	B	0.9%	5.04%	0.9%

BNDC Overweight 6 Positions Relative to MAMB

	Symbol	Grade	Weight
	MBSD	B	12.56%
	IEI	D	12.02%
	SKOR	B	7.29%
	RAVI	A	5.56%
	TDTT	B	2.08%
	LKOR	C	0.49%

BNDC Underweight 2 Positions Relative to MAMB

	Symbol	Grade	Weight
	IAU	A	-12.84%
	BAB	B	-12.38%

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

MAMB: 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 Build America Bonds Bullion Commodity Pool Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association Freddie Mac Government National Mortgage Association Investment Company Act Ishares Mortgage Backed Security Mortgage Loan