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 NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Treasury & Government
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 24 June 2019
Asset Under Management 30.42 Million (USD)
1 Month Total Return 0.93 %
Year To Date Return 3.87 %
1 Year Total Return 4.98 %
3 Year Annualized Total Return 1.42 %
NAV 23.4
Share Outstanding 1,300,000
Top 10 Holdings (24 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
UMBS MORTPASS 2.5% 01/SEP/2046 CL PN# MA2764 BOND 0.0126220000
GNMA I MORTPASS 4.5% 15/NOV/2047 SP PN# 784393 BOND 0.0124160000
FHLMCGLD MORTPASS 2.5% 01/DEC/2046 G0 PN# G08736 BOND 0.0100580000
UMBS MORTPASS 6% 01/JUL/2041 CL PN# BM3118 BOND 0.0094530000
UMBS MORTPASS 3.5% 01/JAN/2028 CI PN# AL3063 BOND 0.0090830000
UMBS MORTPASS 5% 01/JAN/2044 CL PN# AL8427 BOND 0.0090730000
GNMA II MORTPASS 3% 20/FEB/2027 SF PN# 005300 BOND 0.0090080000
UMBS MORTPASS 6% 01/JUN/2040 CL PN# AL0157 BOND 0.0090000000
FHLMCGLD MORTPASS 6% 01/JUL/2040 G6 PN# G60594 BOND 0.0088310000
UMBS MORTPASS 3% 01/AUG/2026 CI PN# AY3063 BOND 0.0086120000