IYLD vs. BNDC ETF Comparison

Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to FlexShares Core Select Bond Fund (BNDC)

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$19.85

Average Daily Volume

20,301

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

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

$21.69

Average Daily Volume

23,793

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	IYLD	BNDC
30 Days	0.42%	-0.02%
60 Days	0.60%	-1.57%
90 Days	2.31%	-0.64%
12 Months	9.94%	-0.12%

1 Overlapping Holdings

	Symbol	Grade	Weight in IYLD	Weight in BNDC	Overlap
	SHY	A	4.94%	0.89%	0.89%

IYLD Overweight 8 Positions Relative to BNDC

	Symbol	Grade	Weight
	HYG	A	19.8%
	FLOT	A	14.86%
	IGSB	A	14.86%
	PFF	C	14.65%
	DVYE	A	10.41%
	IDV	A	10.27%
	REM	B	5.15%
	LEMB	C	4.98%

IYLD Underweight 8 Positions Relative to BNDC

	Symbol	Grade	Weight
	MBB	C	-24.26%
	MBSD	C	-12.57%
	IEI	C	-11.98%
	IEF	D	-10.0%
	SKOR	A	-7.27%
	RAVI	A	-5.48%
	TDTT	A	-2.05%
	LKOR	C	-0.49%

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Bond Market Corporate Bond Dividend Yield Index Fund Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Collateralized Debt Obligation Credit Default Swap Index Currency Dividend Dow Jones Industrial Average Index Dynamic Basic Material Sector Intellidex Index Exchange Traded Funds Government Bonds High Yield Debt High Yield Stocks Ishares

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