- ISIN
- US33939L6700
- CUSIP
- 33939L670
- Issuer
- Northern Trust
- Inception Date
- Nov 18, 2016
- Region
- North America (U.S.)
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $169M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BNDC Performance Chart
FlexShares Core Select Bond Fund (BNDC) is up 0.0% since the beginning of the year. BNDC is currently trading at $22 per share. Investors who bought $1,000 worth of BNDC shares 5 years ago would now be looking at an investment worth $986.
Loading charts...
Returns By Period
FlexShares Core Select Bond Fund (BNDC) has returned 0.03% so far this year and 4.12% over the past 12 months.
FlexShares Core Select Bond Fund
- 1D
- -0.25%
- 1M
- 0.56%
- YTD
- 0.03%
- 6M
- 0.00%
- 1Y
- 4.12%
- 3Y*
- 3.68%
- 5Y*
- -0.29%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BNDC Monthly Returns History
Based on dividend-adjusted daily data since Nov 21, 2016, BNDC's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BNDC closed higher 46% of trading days. The best single day was Nov 27, 2017 with a return of +13.5%, while the worst single day was Nov 28, 2017 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.20% | 1.60% | -1.67% | -0.11% | 0.16% | -0.11% | 0.03% | ||||||
| 2025 | 0.60% | 2.36% | -0.17% | 0.43% | -0.56% | 1.52% | -0.30% | 1.18% | 1.17% | 0.60% | 0.58% | -0.31% | 7.29% |
| 2024 | -0.13% | -1.35% | 0.65% | -2.49% | 1.70% | 1.04% | 2.32% | 1.54% | 1.08% | -2.61% | 1.05% | -1.77% | 0.86% |
| 2023 | 3.19% | -2.52% | 2.62% | 0.27% | -1.06% | -0.31% | -0.19% | -0.66% | -2.65% | -1.53% | 4.60% | 3.81% | 5.36% |
| 2022 | -2.10% | -1.28% | -2.88% | -4.03% | 0.54% | -1.63% | 2.55% | -2.98% | -4.11% | -1.30% | 3.76% | -0.69% | -13.54% |
| 2021 | -0.91% | -1.62% | -1.14% | 0.79% | 0.29% | 1.02% | 1.05% | -0.16% | -1.01% | 0.02% | 0.12% | -0.44% | -2.01% |
Benchmark Metrics
FlexShares Core Select Bond Fund has an annualized alpha of 1.54%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 21, 2016.
- This ETF participated in 20.28% of S&P 500 Index downside but only 12.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.54%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 12.46%
- Downside Capture
- 20.28%
Expense Ratio
BNDC has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BNDC ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FlexShares Core Select Bond Fund (BNDC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNDC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.78 | -1.34 |
| Martin ratioReturn relative to average drawdown | 3.99 | 12.44 | -8.45 |
Dividends
Dividend History
FlexShares Core Select Bond Fund provided a 4.14% dividend yield over the last twelve months, with an annual payout of $0.91 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.91 | $0.93 | $0.83 | $0.71 | $0.58 | $0.45 | $0.70 | $0.74 | $0.69 | $0.63 | $0.16 |
Dividend yield | 4.14% | 4.16% | 3.81% | 3.19% | 2.64% | 1.72% | 2.61% | 2.89% | 2.86% | 2.50% | 0.64% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Core Select Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.36 | ||||||
| 2025 | $0.00 | $0.06 | $0.07 | $0.08 | $0.10 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.08 | $0.18 | $0.93 |
| 2024 | $0.00 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.16 | $0.83 |
| 2023 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.14 | $0.71 |
| 2022 | $0.00 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.04 | $0.06 | $0.10 | $0.58 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.09 | $0.45 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Core Select Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Core Select Bond Fund was 18.80%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current FlexShares Core Select Bond Fund drawdown is 3.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.80%Oct 2022 | 1y 9mo | — | 5y 5moJan 2021 - now |
Rate-hike selloffLate 2018 | -14.84%Nov 2018 | 11mo 20d | 1y 3mo | 2y 3moNov 2017 - Mar 2020 |
COVID crash2020 | -9.85%Mar 2020 | 10d | 2mo 2d | 2mo 12dMar 2020 - May 2020 |
2020 pullback2020 | -1.84%Oct 2020 | 2mo 24d | 2mo 1d | 4mo 25dAug 2020 - Dec 2020 |
2017 pullback2017 | -1.83%Sep 2017 | 5d | 2mo 15d | 2mo 20dSep 2017 - Nov 2017 |
Drawdown Indicators
| BNDC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -56.78% | +37.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -9.10% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -6.30% | -18.90% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -25.43% | +6.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.38% | -1.80% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -10.71% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 2.03% | -1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BNDC
Add FlexShares Core Select Bond Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BNDC