| 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 |