BNDC vs. NIKL ETF Comparison

Comparison of FlexShares Core Select Bond Fund (BNDC) to Sprott Nickel Miners ETF (NIKL)

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

24,265

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

NIKL

Sprott Nickel Miners ETF

NIKL Description

The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, or production of nickel ("Nickel Mining Companies"); (ii) investments in nickel that represent all or a significant portion of their assets, and/or (iii) supplying nickel. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.98

Average Daily Volume

23,512

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	BNDC	NIKL
30 Days	-1.01%	10.30%
60 Days	-1.44%	9.69%
90 Days	-2.00%	7.21%
12 Months	-1.81%	-35.04%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDC	Weight in NIKL	Overlap

BNDC Overweight 9 Positions Relative to NIKL

	Symbol	Grade	Weight
	MBB	C	24.22%
	MBSD	C	12.56%
	IEI	D	12.02%
	IEF	D	9.99%
	SKOR	B	7.29%
	RAVI	A	5.56%
	TDTT	B	2.08%
	SHY	B	0.9%
	LKOR	C	0.49%

BNDC Underweight 5 Positions Relative to NIKL

	Symbol	Grade	Weight
	NIC	C	-12.65%
	INCO	A	-9.79%
	CTM	F	-4.85%
	S	C	-4.37%
	NIKL	B	-4.02%

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

NIKL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Telecom Services

Keywords: Computer Security Index Fund Artificial Intelligence Bank Bond Fund Community Bank Computer Network Security Computing Consumer Banking Crime Prevention Cryptography Cybersecurity Data Analytics Services Data Security ETF Economy Of The Midwestern United States Exchange Traded Fund Federal Government Information Governance Mackinac Financial Corporation