VS
Purpose Global Flexible Credit Fund (FLX) and Purpose Global Bond Fund ETF (BND) offer distinct profiles for Canadian ETF investors. A direct comparison shows that FLX focuses its top 3 sector exposures on Industrials, Energy, and Finance, while BND leans towards Sovereign, Finance, and Utilities. When evaluating costs, FLX features a management fee (MER) of 0.85%, compared to 0.35% for BND. Performance-wise, FLX has returned 0.25% year-to-date with -$1 M in net flows, whereas BND is at 0.15% with -$179 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
FLX
BND
| AuM | $16.74 M | $1,062.72 M |
| Management Fees | 0.85% | 0.35% |
| Exp. ratio | 1.29% | 0.43% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | FLX | -0.98% | -0.69% | +0.25% | +1.56% | +24.08% |
BND | -0.86% | -0.92% | +0.15% | +1.36% | +21.35% | |
| Flows | FLX | -$1 M | -$1 M | -$1 M | -$1 M | -$10 M |
BND | +$55 M | -$246 M | -$179 M | -$6 M | +$556 M |
FLX vs BND exposure
Countries
FLX
USA
43.53%
Other
30.04%
Other
26.43%
BND
USA
53.25%
Other
14.54%
Other
32.21%
Sectors
FLX
Other
30.04%
Industrials
11.07%
Energy
8.88%
Finance
8.45%
Utilities
7.35%
Other
34.21%
BND
Sovereign
31.86%
Finance
16.09%
Other
14.54%
Utilities
8.23%
Other
29.28%
As of September 3, 2026
Top 10 Holdings
FLX
Pacific Gas & Electric, 6.75% 15jan2053, USD
2.24%
USG67837AQ00
2.22%
USG6782BAC30
2.19%
Angola, 9.375% 8may2048, USD
1.38%
Oracle, 5.55% 6feb2053, USD
1.33%
JSW Steel, 5.05% 5apr2032, USD
1.29%
Electricite de France (EDF), 5.875% perp., GBP (25)
1.18%
Elia, 5.85% perp., EUR
1.05%
Diamondback Energy, 3.5% 1dec2029, USD
1.02%
Galaxy Helios Data Center II, 9.875% 1aug2031, USD
0.93%
BND
USA, Bills 0% 17sep2026, USD (182D)
13.73%
USA, Bills 0% 18mar2027, USD (364D)
9.74%
Brazil, 5.5% 23apr2036, EUR
1.04%
COX Abg Group, 7.75% 8may2036, USD
0.97%
Argentina, 4.125% 9jul2035, USD
0.96%
Romania, 5.75% 4jul2036, USD
0.95%
Galaxy Pipeline Assets Bidco, 2.94% 30sep2040, USD (E)
0.79%
Serbia, 4.875% 6may2038, EUR
0.77%
Fideicomiso de Inversion en Energia Mexico, 7.25% 31jan2041, USD
0.65%
Amazon.com, 6.1% 9jul2056, USD
0.63%
Diversification
FLX
Total weight of top 10 holdings out of 311 total
14.83%
BND
Total weight of top 10 holdings out of 760 total
30.21%
Characteristics
Compare
FLX
BND
| Provider | Purpose Investments | Purpose Investments |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 7.51% | 5.44% |
| Meets ESG criteria | No | No |
| Inception Date | June 17, 2011 | October 28, 2015 |
Frequently asked questions about FLX and BND
Which ETF has performed better year to date: FLX or BND?
As of September 3, 2026, FLX has returned 0.25% year to date, while BND has returned 0.15%. FLX is ahead on YTD performance.
Which ETF is larger by assets under management: FLX or BND?
As of September 3, 2026, FLX manages $16.74 M in assets, while BND manages $1.06 B. BND is the larger fund by AUM.
How are FLX and BND managed?
FLX is actively managed by Purpose Investments. It does not track an index. BND is actively managed by Purpose Investments. It does not track an index.
What sectors do FLX and BND emphasize?
FLX is most exposed to Industrials, Energy, and Finance. BND is most exposed to Sovereign, Finance, and Utilities.
Which ETF is attracting more investor flows: FLX or BND?
Year to date, FLX has seen -$0.86 M in net flows, compared with -$178.75 M for BND. FLX has attracted more net investor money so far.
How do the fees of FLX and BND compare?
FLX has an expense ratio of 1.29%, while BND has an expense ratio of 0.43%.
What are the top holdings of FLX and BND?
FLX's largest holdings include Pacific Gas & Electric, 6.75% 15jan2053, USD and Angola, 9.375% 8may2048, USD. BND's top holdings include USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 18mar2027, USD (364D).
Which ETF is more diversified: FLX or BND?
FLX holds 280 securities, while BND holds 585. On holdings count, BND is the more diversified portfolio.
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All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.