FlexShares Disciplined Duration MBS Index Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
5.5%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
N/A
Net Assets
$79.8 M
Holdings in Top 10
17.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 175.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/21/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MBSD - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFlexShares Disciplined Duration MBS Index Fund
-
Fund Family NameFlexshares Trust
-
Inception DateSep 03, 2014
-
Shares Outstanding5050001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin O'Shaughnessy
Fund Description
MBSD - Performance
Return Ranking - Trailing
Period | MBSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -3.9% | 24.8% | 4.42% |
1 Yr | 5.5% | -4.4% | 32.0% | 49.56% |
3 Yr | -1.3%* | -7.9% | 11.6% | 6.67% |
5 Yr | N/A* | -5.9% | 3.0% | 14.16% |
10 Yr | N/A* | -2.3% | 3.1% | 16.06% |
* Annualized
Return Ranking - Calendar
Period | MBSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.9% | -1.0% | 22.1% | 64.16% |
2022 | -12.1% | -20.4% | -5.8% | 16.44% |
2021 | -3.7% | -7.1% | 16.6% | 70.00% |
2020 | N/A | -1.3% | 8.8% | 86.17% |
2019 | N/A | 0.3% | 7.1% | 86.21% |
Total Return Ranking - Trailing
Period | MBSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -3.9% | 24.8% | 4.42% |
1 Yr | 5.5% | -4.4% | 32.0% | 49.56% |
3 Yr | -1.3%* | -7.9% | 11.6% | 6.67% |
5 Yr | N/A* | -5.9% | 3.0% | 12.17% |
10 Yr | N/A* | -2.3% | 3.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MBSD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.5% | -0.5% | 28.8% | 38.05% |
2022 | -9.5% | -18.5% | -3.3% | 6.22% |
2021 | -1.4% | -4.5% | 25.3% | 42.27% |
2020 | N/A | -1.3% | 13.0% | 86.17% |
2019 | N/A | 1.8% | 11.3% | 86.21% |
MBSD - Holdings
Concentration Analysis
MBSD | Category Low | Category High | MBSD % Rank | |
---|---|---|---|---|
Net Assets | 79.8 M | 8.69 M | 134 B | 94.69% |
Number of Holdings | 440 | 14 | 12380 | 44.25% |
Net Assets in Top 10 | 13 M | 5.36 M | 56.1 B | 95.58% |
Weighting of Top 10 | 17.19% | 6.2% | 99.5% | 93.36% |
Top 10 Holdings
- UMBS 2.12%
- GNMA 2.02%
- UMBS 2.01%
- GNMA 1.82%
- GNMA 1.78%
- UMBS 1.55%
- FHLMC 1.51%
- UMBS 1.47%
- UMBS 1.45%
- UMBS 1.45%
Asset Allocation
Weighting | Return Low | Return High | MBSD % Rank | |
---|---|---|---|---|
Bonds | 99.26% | 0.06% | 167.53% | 57.96% |
Cash | 0.74% | -20.28% | 27.25% | 73.89% |
Stocks | 0.00% | 0.00% | 95.28% | 27.43% |
Preferred Stocks | 0.00% | 0.00% | 0.12% | 25.66% |
Other | 0.00% | -21.19% | 22.58% | 65.93% |
Convertible Bonds | 0.00% | 0.00% | 3.29% | 28.32% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MBSD % Rank | |
---|---|---|---|---|
Securitized | 96.12% | 0.00% | 99.79% | 5.75% |
Derivative | 0.00% | -18.12% | 3.25% | 36.28% |
Cash & Equivalents | 0.00% | 0.00% | 27.25% | 94.25% |
Corporate | 0.00% | 0.00% | 9.48% | 49.56% |
Municipal | 0.00% | 0.00% | 5.24% | 39.82% |
Government | 0.00% | 0.00% | 100.00% | 94.69% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MBSD % Rank | |
---|---|---|---|---|
US | 99.26% | 0.06% | 167.53% | 57.96% |
Non US | 0.00% | 0.00% | 2.20% | 26.11% |
MBSD - Expenses
Operational Fees
MBSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.21% | 0.03% | 2.85% | 89.33% |
Management Fee | 0.20% | 0.00% | 0.85% | 14.60% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.77% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
MBSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
MBSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MBSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 175.00% | 3.35% | 948.00% | 52.11% |
MBSD - Distributions
Dividend Yield Analysis
MBSD | Category Low | Category High | MBSD % Rank | |
---|---|---|---|---|
Dividend Yield | 3.50% | 0.00% | 4.94% | 43.36% |
Dividend Distribution Analysis
MBSD | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MBSD | Category Low | Category High | MBSD % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.80% | 2.96% | 12.60% |
Capital Gain Distribution Analysis
MBSD | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.060 | OrdinaryDividend |
Oct 01, 2024 | $0.061 | OrdinaryDividend |
Sep 03, 2024 | $0.059 | OrdinaryDividend |
Aug 01, 2024 | $0.061 | OrdinaryDividend |
Jun 03, 2024 | $0.061 | OrdinaryDividend |
May 01, 2024 | $0.060 | OrdinaryDividend |
Apr 01, 2024 | $0.057 | OrdinaryDividend |
Mar 01, 2024 | $0.060 | OrdinaryDividend |
Feb 01, 2024 | $0.058 | OrdinaryDividend |
Dec 15, 2023 | $0.062 | OrdinaryDividend |
Dec 01, 2023 | $0.093 | OrdinaryDividend |
Nov 01, 2023 | $0.049 | OrdinaryDividend |
Oct 02, 2023 | $0.056 | OrdinaryDividend |
Sep 01, 2023 | $0.056 | OrdinaryDividend |
Aug 01, 2023 | $0.055 | OrdinaryDividend |
Jul 03, 2023 | $0.054 | OrdinaryDividend |
Jun 01, 2023 | $0.056 | OrdinaryDividend |
May 01, 2023 | $0.057 | OrdinaryDividend |
Apr 03, 2023 | $0.055 | OrdinaryDividend |
Mar 01, 2023 | $0.054 | OrdinaryDividend |
Feb 01, 2023 | $0.051 | OrdinaryDividend |
Dec 16, 2022 | $0.054 | OrdinaryDividend |
Dec 01, 2022 | $0.061 | OrdinaryDividend |
Nov 01, 2022 | $0.052 | OrdinaryDividend |
Oct 03, 2022 | $0.053 | OrdinaryDividend |
Sep 01, 2022 | $0.051 | OrdinaryDividend |
Aug 01, 2022 | $0.051 | OrdinaryDividend |
Jul 01, 2022 | $0.052 | OrdinaryDividend |
Jun 01, 2022 | $0.050 | OrdinaryDividend |
May 02, 2022 | $0.050 | OrdinaryDividend |
Apr 01, 2022 | $0.052 | OrdinaryDividend |
Mar 01, 2022 | $0.047 | OrdinaryDividend |
Feb 01, 2022 | $0.046 | OrdinaryDividend |
Dec 17, 2021 | $0.039 | OrdinaryDividend |
Dec 01, 2021 | $0.042 | OrdinaryDividend |
Nov 01, 2021 | $0.041 | OrdinaryDividend |
Oct 01, 2021 | $0.041 | OrdinaryDividend |
Sep 01, 2021 | $0.039 | OrdinaryDividend |
Aug 02, 2021 | $0.040 | OrdinaryDividend |
Jul 01, 2021 | $0.037 | OrdinaryDividend |
Jun 01, 2021 | $0.041 | OrdinaryDividend |
May 03, 2021 | $0.049 | OrdinaryDividend |
Apr 01, 2021 | $0.062 | OrdinaryDividend |
Mar 01, 2021 | $0.062 | OrdinaryDividend |
Feb 01, 2021 | $0.065 | OrdinaryDividend |
Dec 18, 2020 | $0.057 | OrdinaryDividend |
Dec 01, 2020 | $0.060 | OrdinaryDividend |
Nov 02, 2020 | $0.054 | OrdinaryDividend |
Oct 01, 2020 | $0.054 | OrdinaryDividend |
Sep 01, 2020 | $0.050 | OrdinaryDividend |
Aug 03, 2020 | $0.052 | OrdinaryDividend |
Jul 01, 2020 | $0.050 | OrdinaryDividend |
Jun 01, 2020 | $0.053 | OrdinaryDividend |
May 01, 2020 | $0.060 | OrdinaryDividend |
Mar 02, 2020 | $0.056 | OrdinaryDividend |
Feb 03, 2020 | $0.064 | OrdinaryDividend |
MBSD - Fund Manager Analysis
Managers
Kevin O'Shaughnessy
Start Date
Tenure
Tenure Rank
May 27, 2016
6.01
6.0%
Kevin is responsible for quantitatively managing and trading fixed income portfolios for Northern Trust clients. He currently manages both separately managed accounts and daily valued commingled funds. Kevin began his career with American National Bank (ANB) in 1989. He continued his role as a senior portfolio manager after Northern Trust’s purchase of ANB at the end of 1997. Prior to his current responsibilities, Kevin managed fixed income portfolios with American National Bank’s investment management subsidiary.
Michael Chico
Start Date
Tenure
Tenure Rank
Sep 29, 2020
1.67
1.7%
Michael Chico is a Vice President at the Northern Trust Investments, Inc. He is a Fixed Income Portfolio Manager in the Fixed Income group and is responsible for quantitatively managing and trading fixed income accounts for Northern Trust clients. Mike originally joined Northern Trust in 2005 as Fixed Income Securities Trader with Northern Trust Securities, Inc., where he focused on structured products, non-USD fixed income securities, MBS/ABS, and Treasury securities. Prior to joining Northern Trust, he was vice president of MBS Trading at J.P. Morgan Securities, Inc, formerly Banc One Capital Markets, Inc.Mike received his B.A. degree in Economics from the University of Pennsylvania and his M.B.A. in Finance and Economics from The University of Chicago Graduate School of Business. He is a CFA charterholder in the CFA Society of Chicago. Michael R. Chico is Vice President of NTI. Mr. Chico joined NTI in 2007 and is responsible for managing various fixed-income funds.
David Alongi
Start Date
Tenure
Tenure Rank
Jun 14, 2021
0.96
1.0%
Mr. Alongi is a Senior Vice President at NTI where he is responsible for the management and trading process for passive fixed income portfolios. Mr. Alongi joined NTI in 2000.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.11 | 31.64 | 8.38 | 7.35 |