MAMB vs. BNDC ETF Comparison

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

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

$22.55

Average Daily Volume

22,709

Number of Holdings ^*

5

* 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

$21.95

Average Daily Volume

23,876

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	MAMB	BNDC
30 Days	-1.32%	-0.93%
60 Days	-4.09%	-3.57%
90 Days	-2.26%	-2.24%
12 Months	5.56%	4.82%

3 Overlapping Holdings

	Symbol	Grade	Weight in MAMB	Weight in BNDC	Overlap
	IEF	F	19.99%	5.68%	5.68%
	MBB	D	12.56%	24.3%	12.56%
	SHY	C	5.04%	3.37%	3.37%

MAMB Overweight 2 Positions Relative to BNDC

	Symbol	Grade	Weight
	BAB	D	12.59%
	IAU	C	11.81%

MAMB Underweight 6 Positions Relative to BNDC

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

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

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