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BNDCFlexShares Core Select Bond Fund

Get income9y track recordRanked #663 of 1,622 in this goal

Seeks total return and preservation of capital.

By Flexshares Trust · Launched 2016

Annual Cost

0.35%

#1,706 of 5,562 · low cost

Fund Size

$170M

#2,436 of 5,562 · mid-size

Dividend YieldGoal

4.14%

Track Record

9 years

#1,501 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,439+4.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 105.9% of fund✓ diversified through underlying funds

FlexShares Credit-Scored US Corporate Bond Index Fund
24.4%
iShares 3-7 Year Treasury Bond ETF
14.8%
FlexShares Ultra-Short Income Fund
14.1%
FlexShares Disciplined Duration MBS Index Fund
12.5%
iShares 20+ Year Treasury Bond ETF
12.0%
iShares MBS ETF
10.2%
iShares 5-10 Year Investment Grade Corporate Bond ETF
6.0%
THE BANK OF NOVA SCOTIA, TORONTO
6.0%
CF SECURED LLC
3.7%
FlexShares iBoxx 3-Year Target Duration TIPS Index Fund
2.0%

Asset allocation

Bonds
96.4%
Cash
3.5%
Convertible
0.1%
Other
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.8%Low

Year-on-year price swings

Max drawdown
-18.8%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
0.09Below average
Sortino (3Y)
0.12Moderate downside risk

Bond profile

Duration

3.8 years

Avg maturity

9.5 years

Credit ratings

US Government
45.0%
AAA
0.1%
AA
84.7%
A
7.3%
BBB
7.9%

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks total return and preservation of capital.
Strategy
Invests primarily in U.S. dollar-denominated investment-grade fixed-income securities, including bonds and debt instruments. The Fund may invest directly or through ETFs and other registered investment companies.
Inception date
November 18, 2016
Fund family
Flexshares Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Closet indexing
Warning

Closet indexer — active fees, passive behavior

This fund charges active-management fees but closely tracks its benchmark index. You may be paying a premium for active management that does not meaningfully exist — a combination of high R² versus the benchmark, low tracking error, and a TER sitting well above the passive peer-group median.

R²
95.5%
TE
1.2%
Beta
0.99
Fee
5× 0.07%

Source: Cremers & Petajisto (2009) · Amihud & Goyenko (2013) · ESMA (2016)

Why we flagged this: strategy=active_selection + high_r_squared+low_tracking_error+near_market_beta+fee_premium

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20