Morningstar Defensive Bond Fund (MSTBX)
| Fund Assets | 109.71M |
| Expense Ratio | 0.51% |
| Min. Investment | $0.00 |
| Turnover | 31.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.83% |
| Dividend Growth | -7.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.92 |
| YTD Return | 0.73% |
| 1-Year Return | 6.73% |
| 5-Year Return | 15.18% |
| 52-Week Low | 9.33 |
| 52-Week High | 9.94 |
| Beta (5Y) | 0.08 |
| Holdings | 248 |
| Inception Date | Nov 2, 2018 |
About MSTBX
Morningstar Defensive Bond Fund is an actively managed mutual fund designed to prioritize capital preservation while generating income from fixed-income securities. The strategy typically maintains at least 80% of assets in a diversified mix of bonds across varying maturities and credit qualities, with an emphasis on short- and intermediate‑term, investment‑grade exposure to limit interest‑rate sensitivity and volatility. The portfolio features a significant allocation to U.S. Treasuries and cash-like instruments, complemented by securitized assets and selective corporate holdings to balance stability with income potential. The fund’s risk profile aligns with the short‑term bond category, targeting limited interest‑rate risk and medium credit quality, and it distributes income monthly. With an established expense structure and institutional share class, it serves as a conservative core or ballast allocation within multi-asset portfolios, aiming to dampen drawdowns during periods of market stress while maintaining liquidity and diversification across high-quality fixed-income segments.
Performance
MSTBX had a total return of 6.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.49%.
Top 10 Holdings
63.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Schwab Short-Term US Treasury ETF | SCHO | 36.09% |
| iShares Ultra Short Duration Bond Active ETF | ICSH | 12.28% |
| Vanguard Short-Term Inflation-Protected Securities ETF | VTIP | 5.28% |
| Northern Institutional Funds - Treasury Portfolio | NTPXX | 4.11% |
| United States Treasury Notes 3.625% | T.3.625 08.31.30 | 1.61% |
| PHI Group Inc | PHIG | 1.22% |
| United States Treasury Notes 3.625% | T.3.625 10.31.30 | 1.00% |
| United States Treasury Notes 3.625% | T.3.625 09.30.30 | 0.81% |
| United States Treasury Notes 4.625% | T.4.625 09.30.30 | 0.79% |
| Federal National Mortgage Association 1% | FN.FS1967 | 0.78% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.00244 | Jan 29, 2026 |
| Dec 30, 2025 | $0.06124 | Dec 30, 2025 |
| Nov 28, 2025 | $0.0282 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03616 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02907 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02915 | Aug 29, 2025 |