MBSD: FlexShares Disciplined Duration MBS Index Fund - MutualFunds.com

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FlexShares Disciplined Duration MBS ETF

MBSD - Snapshot

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 3.6%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $100 M
  • Holdings in Top 10 15.1%

52 WEEK LOW AND HIGH

$24.17
$23.35
$24.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.21%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 160.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare MBSD to Popular Intermediate-Term U.S. Treasury Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$10.72

0.00%

$27.01 B

1.96%

$0.21

1.61%

-

iShares MBS ETF

MBB | ETF

$110.15

-0.02%

$23.83 B

2.20%

$2.42

1.90%

-

$14.93

-0.13%

$20.00 B

1.13%

$0.17

8.19%

-

-

-

$15.06 B

-

-

6.63%

-

$54.11

-0.02%

$13.38 B

2.04%

$1.10

1.77%

-

MBSD - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FlexShares Disciplined Duration MBS Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Sep 03, 2014
  • Shares Outstanding
    4150001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin O'Shaughnessy

Fund Description

The underlying index reflects the performance of a selection of investment-grade U.S. agency residential mortgage backed pass-through securities. The fund generally will invest under normal circumstances at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the underlying index and in "TBA Transactions" that represent securities in the underlying index.


MBSD - Performance

Return Ranking - Trailing

Period MBSD Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -0.8% 8.6% 64.26%
1 Yr 5.2% 1.1% 9.0% 47.28%
3 Yr 3.6%* 1.9% 5.6% 54.43%
5 Yr 2.5%* 1.2% 4.0% 59.57%
10 Yr N/A* 0.6% 5.1% N/A

* Annualized

Return Ranking - Calendar

Period MBSD Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -48.1% 7.1% 79.74%
2018 -2.8% -5.4% 0.2% 96.36%
2017 -2.4% -2.4% 0.9% 100.00%
2016 -2.4% -9.3% 1.4% 95.85%
2015 -1.6% -4.5% 3.3% 61.41%

Total Return Ranking - Trailing

Period MBSD Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -0.8% 8.6% 66.38%
1 Yr 5.2% -2.5% 9.0% 39.75%
3 Yr 3.6%* 1.1% 5.6% 46.41%
5 Yr 2.5%* 0.8% 4.0% 51.91%
10 Yr N/A* 0.6% 5.1% N/A

* Annualized

Total Return Ranking - Calendar

Period MBSD Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% 0.3% 7.1% 82.76%
2018 -2.8% -3.4% 2.0% 97.27%
2017 -2.4% -2.4% 4.6% 100.00%
2016 -2.4% -9.3% 1.5% 95.85%
2015 -1.6% -4.5% 3.3% 77.72%

MBSD - Holdings

Concentration Analysis

MBSD Category Low Category High MBSD % Rank
Net Assets 100 M 15.7 M 27 B 92.53%
Number of Holdings 771 10 15289 16.60%
Net Assets in Top 10 16.3 M 3.11 M 10.5 B 97.51%
Weighting of Top 10 15.14% 9.3% 100.0% 96.04%

Top 10 Holdings

  1. Federal National Mortgage Association 2.5% 3.74%
  2. Federal National Mortgage Association 2.5% 3.73%
  3. Federal National Mortgage Association 2.5% 3.65%
  4. Federal National Mortgage Association 2% 2.74%
  5. Federal National Mortgage Association 2% 2.66%
  6. Federal National Mortgage Association 2% 1.80%
  7. Federal Home Loan Mortgage Corporation 6% 1.25%
  8. Federal National Mortgage Association 4.5% 1.19%
  9. Government National Mortgage Association 4% 1.18%
  10. Federal Home Loan Mortgage Corporation 4.5% 1.14%

Asset Allocation

Weighting Return Low Return High MBSD % Rank
Bonds
90.87% 52.55% 134.60% 64.32%
Cash
9.13% -36.00% 34.17% 34.85%
Stocks
0.00% 0.00% 11.87% 11.20%
Preferred Stocks
0.00% 0.00% 0.46% 12.03%
Other
0.00% -0.86% 21.32% 19.50%
Convertible Bonds
0.00% 0.00% 23.24% 15.35%

Bond Sector Breakdown

Weighting Return Low Return High MBSD % Rank
Securitized
89.76% 0.00% 100.00% 11.62%
Cash & Equivalents
9.13% 0.00% 38.62% 45.64%
Government
1.12% 0.00% 100.00% 71.37%
Derivative
0.00% 0.00% 8.89% 18.67%
Corporate
0.00% 0.00% 22.68% 32.37%
Municipal
0.00% 0.00% 14.60% 35.27%

Bond Geographic Breakdown

Weighting Return Low Return High MBSD % Rank
US
90.87% 49.70% 134.60% 64.32%
Non US
0.00% 0.00% 5.23% 43.15%

MBSD - Expenses

Operational Fees

MBSD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% 0.03% 2.72% 90.31%
Management Fee 0.20% 0.00% 0.85% 21.58%
12b-1 Fee 0.00% 0.00% 1.00% 1.60%
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 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.50% 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 160.00% 5.07% 421.00% 68.45%

MBSD - Distributions

Dividend Yield Analysis

MBSD Category Low Category High MBSD % Rank
Dividend Yield 0.21% 0.00% 2.63% 7.05%

Dividend Distribution Analysis

MBSD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

MBSD Category Low Category High MBSD % Rank
Net Income Ratio 2.65% 0.14% 3.60% 6.81%

Capital Gain Distribution Analysis

MBSD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

MBSD - Fund Manager Analysis

Managers

Kevin O'Shaughnessy


Start Date

Tenure

Tenure Rank

May 27, 2016

4.43

4.4%

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

0.09

0.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.05 8.17 5.77
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