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FlexShares Core Select Bond Fund

Objective and Strategy

FlexShares Core Select Bond Fund (BNDC) seeks total return and preservation of capital.

Different, by Design

1. Construct a fixed income portfolio, based on Northern Trust's forecast, implementing active top‚Äźdown decisions primarily using passively managed, rules based fixed income sector ETFs.
2. Actively manage portfolio adjusting to potential changes in interest rate levels, the shape of the yield curve and credit spread relationships while emphasizing liquidity and diversification.

Related Documents

Fund Facts

as of 01/20/2017
Inception11/18/2016
CUSIP33939L670
Total Net Assets$ 3,093,300.16
Shares Outstanding125,001
# of Holdings*11
Gross Expense Ratio.55%
Net Expense Ratio**.35%
Primary ExchangeNYSE
MarginableN
Derivative UseY
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**NTI has contractually agreed until November 14, 2017 to waive Management Fees or reimburse certain expenses in an amount equal to the sum of (a) any Acquired Fund Fees and Expenses, if any, incurred by the Fund that are attributable to the Fund's investment in Acquired Funds managed by NTI or an investment adviser controlling, controlled by, or under common control with NTI ("Affiliated Funds"); and (b) 0.05% or such lesser amount in Acquired Fund Fees and Expenses incurred by the Fund that are attributable to the Fund's investment in Acquired Funds that are not Affiliated Funds.

Tickers

ETF TickerBNDC
NAVBNDC.NV
IOPVBNDC.IV
Shares OutstandingBNDC.SO
Estimated CashBNDC.EU
Total CashBNDC.TC

Fund Characteristics1

as of 01/19/2017
SEC Subsidized Yield2 (as of 12/31/2016)2.68%
SEC Unsubsidized Yield3
 (as of 12/31/2016)
2.60%
Distribution Yield47.57%
Weighted Avg Price51.33
Weighted Avg Yield to Worst2.82
Weighted Avg Yield to Maturity2.82%
Weighted Avg Effective Duration5.85
Weighted Avg Option Adjusted Spread69.96
.

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 11/18/2016, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Definitions

1All Fund Characteristics terms are defined in the glossary.
2SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
3SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
4Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute monthly, an NA will be displayed if the fund has not distributed within the last 35 days.

Expense Ratios

as of 01/20/2017
Gross Expense Ratio.55%
Net Expense Ratio*.35%
*NTI has contractually agreed until November 14, 2017 to waive Management Fees or reimburse certain expenses in an amount equal to the sum of (a) any Acquired Fund Fees and Expenses, if any, incurred by the Fund that are attributable to the Fund's investment in Acquired Funds managed by NTI or an investment adviser controlling, controlled by, or under common control with NTI ("Affiliated Funds"); and (b) 0.05% or such lesser amount in Acquired Fund Fees and Expenses incurred by the Fund that are attributable to the Fund's investment in Acquired Funds that are not Affiliated Funds.


Definitions

  • Net Asset Value (NAV)
    NAV is a fund’s price per share, which is calculated by dividing the total value of all the securities in the fund’s portfolio plus cash, interest and receivables less any liabilities by the number of fund shares outstanding.
  • Market Price
    Because ETFs trade like stocks, ETF shares trade at market value on the secondary market, which can be a dollar value above (trading at a premium) or below (trading at a discount) the fund’s NAV.

Market Price

as of 01/20/2017
Price$24.90
Price $ Change$ .00
Price % Change .00%
Avg Bid/Ask Spread$.10
Bid/Ask Midpoint$24.74
Closing Bid Price$24.69
Closing Ask Price$24.78

NAV Price

as of 01/20/2017
Price$24.75
Price $ Change$ .00
Price % Change .00%

Trading

as of 01/20/2017
52-Week High$25.03
52-Week Low$24.70
Premium/Discount$-.01
Daily Trading Volume (Shares) 0
Average Trading Volume (Shares)113
Shares Outstanding125,001

Holdings

as of 01/19/2017
NameTickerCUSIPMarket ValueFund
Weight %
Country
FLEXSHARES CREDIT SCORED US CORPORSKOR33939L761929,621.7031.6773United States
FLEXSHARES DISCIPLINED DURATION MBMBSD33939L779833,538.9628.4032United States
FLEXSHARES CREDIT SCORED-LONGLKOR33939L753413,156.2514.0785United States
ISHARES 3-7 YEAR TREASURY BOND ETFIEI464288661295,765.0510.0783United States
FLEXSHARES IBOXX 5-YEAR TARGET DURTDTF33939L605170,468.765.8088United States
ISHARES 7-10 YEAR TREASURY BOND ETIEF464287440128,867.104.3912United States
FLEXSHARES IBOXX 3-YEAR TARGET DURTDTT33939L506107,990.103.6798United States
ISHARES 20+ YEAR TREASURY BOND ETFTLT46428743240,260.301.3719United States
TREASURY BILLTBILL912796KH114,994.97.5110United States
US 10YR NOTE MAR 17TYH7TYH720174 .00 .0000United States
US 5YR NOTE MAR 17FVH7FVH720175 .00 .0000United States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/27/201712/29/201701/03/2018
12/07/201712/11/201712/13/2017
11/07/201711/09/201711/13/2017
10/06/201710/11/201710/13/2017
09/08/201709/12/201709/14/2017
08/07/201708/09/201708/11/2017
07/10/201707/12/201707/14/2017
06/07/201706/09/201706/13/2017
05/05/201705/09/201705/11/2017
04/07/201704/11/201704/13/2017
03/07/201703/09/201703/13/2017
02/07/201702/09/201702/13/2017
12/28/201612/30/201601/04/20170.1592230000.159223

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