Investing.comT3·11mo ago
BNDC Northern Trust Core Bond ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BNDC
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Key stats
About
Northern Trust Core Bond ETF (BNDC) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2016-11-18
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.35% prospectus, filed Feb 25, 2026
- Assets
- $165M shares × price, Oct 21, 2026
- Trailing yield
- 4.31% paid monthly
- Average daily volume
- $816K 30 sessions
- Holdings
- 13 top 10 are 100.2%
- Listed
- Nov 18, 2016 NYSE Arca
- Last fee change
- -3 bp filed Feb 25, 2026
Cost43
Liquidity30
Scale45
Diversification4
Moves with. Long Treasuries (53% of its variance, beta 0.28); High yield over Treasuries (8% of its variance, beta -0.18); US large-cap stocks (7% of its variance, beta 0.07). These factors explain 73% of its daily moves over the last year.
Stated objective. The Fund seeks total return and preservation of capital. (from the fund's prospectus)
Fund flows
through Jul 2026SEC filings- Jul 2026
- +$2.7M latest reported month
- Latest 3 months
- +$3.8M +2.3% of assets
- Latest 12 months
- +$36M +21.0% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$2.7M |
| Jun 2026 | $0 |
| May 2026 | +$1.1M |
| Apr 2026 | +$3.3M |
| Mar 2026 | +$15M |
| Feb 2026 | +$2.2M |
| Jan 2026 | +$3.4M |
| Dec 2025 | +$1.1M |
| Nov 2025 | +$1.7M |
| Oct 2025 | $0 |
| Sep 2025 | +$5.1M |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BNDVanguard Total Bond Market | — | 0.03% | $162.8B | −5.6% | compare |
| AGGiShares Core U.S. Aggregate Bond ETF | — | 0.03% | $138.4B | −5.8% | compare |
| IUSBiShares Trust iShares Core Universal USD Bond ETF | — | 0.06% | $49.3B | −5.6% | compare |
| BIVVanguard Intermediate-Term Bond ETF | — | 0.03% | $28.3B | −6.8% | compare |
| FBNDFidelity Total Bond ETF | — | 0.36% | $28.2B | −6.4% | compare |
The largest other funds in the Core Bond category.
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 4 active of 24 with agreements; top 3 did 97%
- Created · redeemed
- $17M · $41M over the fiscal year
- Redemptions in kind
- 99% creations 99% in kind
- Creation unit
- 25,000 shares
- Securities lending
- 8.67% of assets on loan on average; earned 1.5 bp
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
13
AUM
$168.8M
Provider
Nport
Inception
2016-11-18
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
0.35%
Dividend Yield
4.31%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-07 | 2026-10-14 | $0.0731 | CD |
| 2026-09-08 | 2026-09-14 | $0.0782 | CD |
| 2026-08-07 | 2026-08-13 | $0.0734 | CD |
| 2026-07-08 | 2026-07-14 | $0.0741 | CD |
| 2026-06-05 | 2026-06-11 | $0.0738 | CD |
| 2026-05-07 | 2026-05-13 | $0.0697 | CD |
Asset Allocation
Top Holdings
top 13 of 13 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | iShares 1-5 Year Investment Grade Corporate Bond ETF | 24.37% | Other | US |
| — | FlexShares Ultra-Short Income Fund | 24.15% | Other | US |
| — | FlexShares Credit-Scored US Corporate Bond Index Fund | 15.14% | Other | US |
| — | FlexShares Disciplined Duration MBS Index Fund | 12.56% | Other | US |
| — | iShares U.S. Treasury Bond ETF | 11.07% | Other | US |
| — | iShares MBS ETF | 10.19% | Other | US |
| — | FlexShares Credit-Scored US Long Corporate Bond Index Fund | 1.87% | Other | US |
| — | United States of America | 0.85% | Short-term investment | US |
| — | N/A | -0.00% | Derivative (interest rate) | US |
| — | N/A | -0.02% | Derivative (interest rate) | US |
| — | N/A | -0.12% | Derivative (interest rate) | US |
| — | N/A | -0.12% | Derivative (interest rate) | US |
| — | N/A | -0.31% | Derivative (interest rate) | US |
Non-Equity Breakdown
FlexShares Core Select Bond Fund ·
NPORT-P period 2026-07-31
(filed 2026-09-25)
Net assets:
$169M
· 13 total positions
· equity 0.00%
· non-equity 99.63%
Non-equity holdings
— 13 positions,
99.63% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 99.35% | $168.3M | 7 |
| Short-term investment | 0.85% | $1.4M | 1 |
| Derivative (interest rate) | -0.57% | $-962367 | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.65% | -1.62% | 2.66% | 0.35% | 0.55% | 0.22% | 0.25% |
| Feb | -1.78% | -1.49% | -3.47% | -2.10% | 2.05% | 1.37% | -0.90% |
| Mar | -1.28% | -3.55% | 2.92% | -0.00% | -0.58% | -1.53% | -0.67% |
| Apr | 0.26% | -4.02% | -0.29% | -2.16% | -0.29% | -0.39% | -1.15% |
| May | 0.08% | 0.93% | -0.38% | 0.95% | -0.68% | -0.29% | 0.10% |
| Jun | 1.01% | -1.52% | -0.81% | 0.12% | 1.47% | -0.03% | 0.04% |
| Jul | 1.05% | 1.58% | -0.11% | 2.58% | -0.57% | -1.63% | 0.48% |
| Aug | -0.54% | -3.61% | -0.34% | 0.85% | -0.05% | -0.27% | -0.66% |
| Sep | -1.09% | -4.00% | -2.42% | 0.30% | 1.09% | -2.74% | -1.48% |
| Oct | -0.52% | -2.38% | -1.05% | -3.21% | 0.03% | 1.43%* | -0.95% |
| Nov | 0.10% | 3.13% | 3.29% | 1.07% | 0.33% | -- | 1.58% |
| Dec | -0.78% | -2.12% | 2.23% | -2.47% | -0.65% | -- | -0.76% |
| Total | -4.10% | -17.40% | 1.99% | -3.82% | 2.69% | -3.87% | -4.09% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $21.16
SMA 50: $21.43
SMA 200: $21.99
Current: $21.42
EMA 12: $21.24
EMA 26: $21.27
MACD: -0.0272 | Signal: 0.0476
BEARISH
ADX (14): 24.73
WEAK TREND
+DI: 32.31
−DI: 25.27
Momentum Oscillators
RSI (14): 59.11
NEUTRAL
Stoch %K: 88.25
Stoch %D: 83.44
Williams %R: -4.38
Volume & Volatility
BB Upper: $21.36
BB Lower: $20.95
OVERBOUGHT
OBV: 48,374
Vol SMA 20: 55,087
Vol ROC: 432.20%
ATR: $0.11
True Range: $0.18
HV 20: 5.6%
HV 30: 6.0%
HV 60: 5.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: BNDC
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Technical indicators suggest a consolidation phase, with a neutral RSI reading and a bearish MACD signal.
- Market data indicates low volatility, consistent with the historical average.
Primary risks:
- Weak trend signals from ADX/DMI analysis.
- Neutral sentiment from recent news headlines may not be enough to drive significant price movements.
Investment thesis: BNDC appears to be in a consolidation phase, with no strong catalysts driving price movements. The stock's low volatility and neutral sentiment suggest a relatively stable environment, but the lack of trend signals leaves room for potential surprises.
Recent news sentiment impact: The positive news headline about bonds has had a minimal impact on BNDC's price movement, likely due to the lack of direct correlation between bond markets and high-yield bonds (BNDC's focus).
Technical Analysis
Trend Direction: Neutral
Support/Resistance Levels:
- SMA 20: $22.05
- SMA 50: $22.15
- Bollinger Bands upper/lower: $22.26/$21.85
Momentum Signals: RSI interpretation: Neutral (51.99) MACD signal: Bearish (-0.05 / Signal: 0.01 / Histogram: -0.06) Bollinger Bands position: Squeeze
Volume Analysis: Volume SMA 20: 15399.20 On-Balance Volume (OBV): -784918.08 Volume Rate of Change: -75.81%
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headline about bonds has had minimal impact on BNDC's price movement.
- Neutral sentiment from Seeking Alpha articles, focusing on market commentary and general trends.
Sentiment Assessment: NEUTRAL
Catalyst Identification: None identified at this time.
Market Narrative: The recent positive news headline about bonds has not had a significant impact on BNDC's price movement. The neutral sentiment from recent headlines suggests that there is no strong driver pushing the stock in either direction.
Risk & Volatility Assessment
Risk Assessment:
- Beta: 0.08 (vs SPY) - relatively low risk.
- Alpha: -0.01 - slightly underperforming the market.
- Correlation: 0.21 - moderately correlated with the broader market.
Volatility Regime: Low volatility, consistent with historical averages.
Options Market Signals:
- IV rank: N/A (positive = implied richer than realized)
- Put/call ratios: N/A
- Unusual activity: None identified at this time.
Downside Protection: Support levels from SMA 20 and Bollinger Bands upper/lower.
Market Context & Positioning
Sector Performance: BNDC is a high-yield bond-focused ETF, which may be more sensitive to changes in interest rates and economic conditions. The sector has been relatively stable recently, with no strong catalysts driving significant price movements.
Institutional Activity: Volume patterns suggest institutional interest, but this has not led to significant price movements.
Correlation Analysis: BNDC is moderately correlated with the broader market (R-squared interpretation).
Relative Valuation: Position within trading range, with no clear bias towards buying or selling.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $22.05
- SMA 50: $22.15
- Bollinger Bands upper/lower: $22.26/$21.85
Breakout/Breakdown Levels: None identified at this time, as the stock is in a consolidation phase.
Time-Sensitive Catalysts: No upcoming events or catalysts that could significantly impact the stock's price movement.
Risk Management: Stop-loss levels and position sizing considerations will be based on the technical indicators and risk assessment. A stop-loss order can be placed around the SMA 20 level, with an eye on the Bollinger Bands upper/lower for potential breakout or breakdown signals.
Generated
News
All BNDC news →
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BNDC Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1193
Alpha: -7.53%
Correlation: 0.3471
R-Squared: 12.1%
Stock Volatility: 4.4%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
BNDC Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|