Morningstar Defensive Bond (MSTBX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.76

0.00 (0.00%)

At close: Aug 27, 2026

-1.21% (1Y)

Fund Assets	99.13M
Expense Ratio	0.52%
Min. Investment	$0.00
Turnover	n/a
Dividend (ttm)	0.37
Dividend Yield	3.83%
Dividend Growth	-5.61%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.76
YTD Return	0.43%
1-Year Return	1.25%
5-Year Return	12.56%
52-Week Low	9.72
52-Week High	9.95
Beta (5Y)	0.08
Holdings	210
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.

Fund Family Morningstar

Category Short-Term Bond

Performance Rating Above Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol MSTBX

Share Class Institutional

Index Bloomberg U.S. Aggregate Bond TR

Performance

MSTBX had a total return of 1.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.77%.

Top 10 Holdings

68.40% of assets

Name	Symbol	Weight
Schwab Short-Term US Treasury ETF	SCHO	33.33%
iShares Ultra Short Duration Bond Active ETF	ICSH	14.12%
United States Treasury Notes 3.75%	T.3.75 01.31.31	5.61%
Vanguard Short-Term Inflation-Protected Securities ETF	VTIP	5.12%
Northern Institutional Treasury Premier	NTPXX	2.73%
United States Treasury Notes 3.5%	T.3.5 02.28.31	2.49%
United States Treasury Bills 0%	B.0 07.02.26	1.68%
PHI Group Inc	PHIG	1.15%
United States Treasury Notes 3.875%	T.3.875 04.30.31	1.13%
United States Treasury Bills 0%	B.0 07.09.26	1.04%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03857	Jul 31, 2026
Jun 30, 2026	$0.03411	Jun 30, 2026
May 29, 2026	$0.02335	May 29, 2026
Apr 30, 2026	$0.02903	Apr 30, 2026
Mar 31, 2026	$0.02648	Mar 31, 2026
Feb 27, 2026	$0.03602	Feb 27, 2026

Full Dividend History