FlexShares Disciplined Duration MBS Index Fund (MBSD)
| Assets | $110.17M |
| NAV | $23.44 |
| Expense Ratio | 0.20% |
| PE Ratio | n/a |
| Shares Out | 4.70M |
| Dividend (ttm) | $0.61 |
| Dividend Yield | 2.59% |
| Ex-Dividend Date | Oct 1, 2021 |
| 1-Year Return | - |
| Volume | 26,809 |
| Open | 23.46 |
| Previous Close | 23.45 |
| Day's Range | 23.41 - 23.70 |
| 52-Week Low | 22.92 |
| 52-Week High | 24.80 |
| Beta | 0.01 |
| Holdings | 400 |
| Inception Date | Sep 4, 2014 |
About MBSD
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofA Merrill Lynch® Constrained Duration US Mortgage Backed Securities IndexSM. 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.
Top 10 Holdings
40.02% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | N/A | 18.54% |
| Federal National Mortgage Association 2.5% | FNCL 2.5 11.11 | 3.73% |
| Federal National Mortgage Association 2% | FNCL 2 11.13 | 3.32% |
| Federal National Mortgage Association 1.5% | FNCL 1.5 11.13 | 3.29% |
| Government National Mortgage Association 2.5% | G2SF 2.5 11.12 | 3.11% |
| Government National Mortgage Association 4% | N/A | 2.23% |
| Government National Mortgage Association 2% | G2SF 2 11.13 | 1.53% |
| Federal National Mortgage Association 2% | FNCI 2 11.12 | 1.51% |
| Federal National Mortgage Association 6% | N/A | 1.47% |
| Federal Home Loan Mortgage Corporation 3% | N/A | 1.29% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 1, 2021 | $0.041 | Oct 7, 2021 |
| Sep 1, 2021 | $0.0388 | Sep 8, 2021 |
| Aug 2, 2021 | $0.03965 | Aug 6, 2021 |
| Jul 1, 2021 | $0.03729 | Jul 8, 2021 |
| Jun 1, 2021 | $0.04053 | Jun 7, 2021 |
| May 3, 2021 | $0.0493 | May 7, 2021 |
News
Target Duration Exposure to Mortgage-Backed Securities With This ETF
Investing in mortgage-backed securities doesn't mean that investors have to stay locked in on one fund for years, thanks to targeted duration options like the FlexShares Disciplined Duration MBS Index F...
As Fed Looks to Taper Mortgage Purchases, Get Targeted Duration With “MBSD”
It's difficult to price uncertainty into an exchange-traded fund (ETF) product, but with interest rates at the whim of the Federal Reserve, it helps to get targeted duration with the FlexShares Discipli...
Considering Mortgage-Backed Securities? Look for Income, Duration Management
Fixed income investors looking for more yield can opt for mortgage-backed securities with ETFs like the FlexShares Disciplined Duration MBS Index Fund (MBSD). MBSD seeks investment results that correspo...
Counter Inflationary Pressure with Mortgage-Backed Securities, ‘MBSD'
As inflationary pressure continues to push higher, fixed income investors can fight back with exchange traded funds (ETFs) like the FlexShares Disciplined Duration MBS Index Fund (MBSD). “Many investors...
Mortgage Rates Could Fall Further, According to Market Experts
One byproduct of Covid-19 that has current and prospective real estate owners interested is the low interest rates. With the central bank looking to keep rates near zero, it’s been a boon for mortgage r...
Mulling Mortgage Backed Securities With This FlexShares ETF
Mortgage-backed securities (MBS) are coming back into the limelight amid the White House’s plan to privatize Fannie Mae and Freddie Mac. However, that effort could face a tough go of it in Congress.