Fund Description
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofAML Constrained Duration US Mortgage Backed Securities Index (Underlying Index). The ICE BofAML Constrained Duration US Mortgage Backed Securities Index tracks the performance of US dollar denominated 30-year, 20-year and 15-year fixed rate residential mortgage pass-through securities publicly issued by US agencies in the US domestic market. Fixed rate mortgage pools are included in the Index provided they have at least one year remaining term to final maturity and a minimum amount outstanding of at least $5 billion per generic coupon.
Fund Profile
Fund Name FlexShares Disciplined Duration MBS Index Fund
Fund Exchange Ticker MBSD
Fund Sponsor Flexshares (Northern Trust)
Fund ISIN US33939L7799
Net Expense Ratio 0.20 %
Fund Inception Date 3 September 2014
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Mortgage
Asset Class Bonds
Index Linked Passive
Index Name ICE BofA Merrill Lynch Constrained Duration US Mortgage Backed Securities Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 27 November 2023
Asset Under Management 75.38 Million (USD)
1 Month Total Return 2.84 %
Year To Date Return -1.45 %
1 Year Total Return 0.38 %
3 Year Annualized Total Return -4.78 %
NAV 20.1
Share Outstanding 3,750,000
Top 10 Holdings (30 November 2023)
Constituent Name Constituent Ticker Constituent Type Weighting
GNMA II MORTPASS 6.5 20/JUN/2053 SF PN# MA8950 BOND 0.0236330000
UMBS MORTPASS 5.5 01/FEB/2049 CL PN# FS2095 BOND 0.0225880000
GNMA I MORTPASS 3.5 15/JUN/2046 SP PN# 785274 BOND 0.0213950000
GNMA I MORTPASS 4.5 15/MAY/2039 SF PN# 667387 BOND 0.0188950000
UMBS MORTPASS 3 01/OCT/2033 CI PN# SB0745 BOND 0.0170390000
UMBS MORTPASS 3 01/APR/2033 CI PN# SB0199 BOND 0.0162100000
UMBS MORTPASS 3 01/DEC/2030 CI PN# AS6321 BOND 0.0161530000
GNMA II MORTPASS 7 20/SEP/2053 SF PN# MA9174 BOND 0.0161230000
FHLMCGLD MORTPASS 2.5 01/FEB/2032 G1 PN# G18631 BOND 0.0156980000
UMBS MORTPASS 4 01/JUL/2050 CL PN# FM3978 BOND 0.0153290000