Key stats
About FlexShares Disciplined Duration MBS Index Fund
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Inception date
Sep 3, 2014
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Northern Trust Investments, Inc.(Investment Management)
Distributor
Foreside Fund Services LLC
ISIN
US33939L7799
MBSD tracks a proprietarily weighted index of MBSs to achieve and maintain an effective duration of 3.25-4.25 years. Unlike other conventional market-value-weighted broad MBS indexes with slow-moving durations, the fund provides predictability in interest-rate risk exposure. With explicit and implicit government guarantee, agency-backed MBSs carry negligible credit risk but higher yields due to prepayment risk. In combination, MBSD offers investors a unique exposure to generate higher income than Treasurys and with predictable interest-rate risk. Rebalancing is done on a monthly basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MBSD last dividends amounted to 0.07 USD. The month before, the issuer paid 0.07 USD in dividends, which shows a 0.24% decrease.
MBSD assets under management is 86.43 M USD. It's risen 2.78% over the last month.
MBSD fund flows account for 248.48 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MBSD pays dividends to its holders with the dividend yield of 3.97%. The last dividend (Sep 8, 2025) amounted to 0.07 USD. The dividends are paid monthly.
MBSD shares are issued by Northern Trust Corp. under the brand FlexShares. The ETF was launched on Sep 3, 2014, and its management style is Passive.
MBSD expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
MBSD follows the ICE BofA Constrained Duration US Mortgage Backed Securities. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MBSD invests in bonds.
MBSD price has risen by 0.66% over the last month, and its yearly performance shows a −0.52% decrease. See more dynamics on MBSD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.81% increase in three-month performance and has increased by 3.24% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.81% increase in three-month performance and has increased by 3.24% in a year.
MBSD trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.