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 17 March 2023
Asset Under Management 89.96 Million (USD)
1 Month Total Return 1.30 %
Year To Date Return 1.60 %
1 Year Total Return -4.97 %
3 Year Annualized Total Return -2.95 %
NAV 20.68
Share Outstanding 4,350,000
Top 10 Holdings (17 March 2023)
Constituent Name Constituent Ticker Constituent Type Weighting
UMBS MORTPASS 3 01/OCT/2033 CI PN# SB0745 BOND 0.0269800000
GNMA I MORTPASS 3.5 15/JUN/2046 SP PN# 785274 BOND 0.0231540000
GNMA I MORTPASS 4.5 15/MAY/2039 SF PN# 667387 BOND 0.0227790000
UMBS MORTPASS 5.5 01/FEB/2049 CL PN# FS2095 BOND 0.0218390000
UMBS MORTPASS 3 01/JUL/2035 CI PN# FS2764 BOND 0.0206560000
UMBS MORTPASS 3 01/APR/2033 CI PN# SB0199 BOND 0.0171960000
GNMA I MORTPASS 5 15/NOV/2039 SF PN# 710994 BOND 0.0160110000
UMBS MORTPASS 4 01/JUL/2050 CL PN# FM3978 BOND 0.0147810000
UMBS MORTPASS 3 01/SEP/2030 CI PN# BM3057 BOND 0.0138540000
GNMA I MORTPASS 4 15/AUG/2045 SP PN# 784371 BOND 0.0126410000