FlexShares Disciplined Duration MBS Index Fund (MBSD)
MBSD is a passive ETF by Northern Trust tracking the investment results of the ICE BofA Constrained Duration US Mortgage Backed Securities. MBSD launched on Sep 4, 2014 and has a 0.20% expense ratio.
ETF Info
| ISIN | US33939L7799 |
|---|---|
| CUSIP | 33939L779 |
| Issuer | Northern Trust |
| Inception Date | Sep 4, 2014 |
| Region | North America (U.S.) |
| Category | Mortgage Backed Securities |
| Leveraged | 1x |
| Index Tracked | ICE BofA Constrained Duration US Mortgage Backed Securities |
| Asset Class | Bond |
Expense Ratio
MBSD has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MBSD vs. VRIG, MBSD vs. MBB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in FlexShares Disciplined Duration MBS Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
FlexShares Disciplined Duration MBS Index Fund had a return of 1.94% year-to-date (YTD) and 6.08% in the last 12 months. Over the past 10 years, FlexShares Disciplined Duration MBS Index Fund had an annualized return of 0.89%, while the S&P 500 had an annualized return of 11.33%, indicating that FlexShares Disciplined Duration MBS Index Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.94% | 24.30% |
| 1 month | -1.49% | 4.09% |
| 6 months | 2.84% | 14.29% |
| 1 year | 6.08% | 35.42% |
| 5 years (annualized) | 0.14% | 13.95% |
| 10 years (annualized) | 0.89% | 11.33% |
Monthly Returns
The table below presents the monthly returns of MBSD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.19% | -1.13% | 0.62% | -1.76% | 1.54% | 0.70% | 2.26% | 1.17% | 0.86% | -2.00% | 1.94% | ||
| 2023 | 2.04% | -1.83% | 1.72% | 0.17% | -0.62% | -0.02% | -0.05% | -0.12% | -2.25% | -0.43% | 3.22% | 2.71% | 4.47% |
| 2022 | -1.18% | -1.14% | -2.34% | -2.63% | 0.70% | -0.93% | 1.83% | -2.20% | -3.76% | -0.65% | 3.04% | -0.44% | -9.48% |
| 2021 | -0.25% | 0.15% | -0.11% | -0.28% | -0.19% | -0.12% | 0.43% | -0.08% | -0.24% | 0.00% | -0.38% | -0.34% | -1.40% |
| 2020 | 0.94% | 1.28% | -0.45% | 1.70% | 0.71% | 0.03% | 0.50% | -0.01% | 0.12% | -0.10% | 0.35% | 0.26% | 5.44% |
| 2019 | 0.92% | 0.17% | 1.17% | 0.00% | 0.99% | 0.77% | 0.60% | 0.85% | -0.13% | 0.31% | 0.30% | -0.06% | 6.05% |
| 2018 | -0.59% | -0.14% | 0.67% | -0.72% | 0.11% | -0.31% | 0.41% | 0.46% | -0.76% | -0.03% | 0.52% | 0.72% | 0.32% |
| 2017 | 0.08% | 0.17% | -0.27% | 0.69% | 0.44% | -0.57% | 0.64% | 0.55% | -0.44% | -0.20% | 0.19% | -0.42% | 0.86% |
| 2016 | 0.77% | 0.03% | -0.21% | 0.20% | 0.30% | 0.57% | 0.29% | 0.08% | 0.34% | -0.19% | -1.60% | -0.24% | 0.30% |
| 2015 | 0.52% | 0.48% | -0.11% | 0.12% | 0.23% | -0.95% | 0.21% | 0.13% | 0.08% | -0.36% | -0.19% | 0.77% | 0.91% |
| 2014 | 0.20% | 0.60% | 0.62% | -0.22% | 1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MBSD is 28, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for FlexShares Disciplined Duration MBS Index Fund (MBSD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
FlexShares Disciplined Duration MBS Index Fund provided a 3.71% dividend yield over the last twelve months, with an annual payout of $0.76 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.70 | $0.62 | $0.56 | $0.67 | $0.80 | $0.74 | $0.78 | $0.67 | $0.62 | $0.21 |
Dividend yield | 3.71% | 3.39% | 3.04% | 2.41% | 2.78% | 3.42% | 3.22% | 3.30% | 2.78% | 2.49% | 0.83% |
Monthly Dividends
The table displays the monthly dividend distributions for FlexShares Disciplined Duration MBS Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.60 | |
| 2023 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.16 | $0.70 |
| 2022 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.62 |
| 2021 | $0.00 | $0.07 | $0.06 | $0.06 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.56 |
| 2020 | $0.00 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.67 |
| 2019 | $0.00 | $0.07 | $0.07 | $0.07 | $0.08 | $0.09 | $0.09 | $0.05 | $0.06 | $0.06 | $0.06 | $0.11 | $0.80 |
| 2018 | $0.00 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.07 | $0.14 | $0.74 |
| 2017 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.07 | $0.13 | $0.78 |
| 2016 | $0.00 | $0.04 | $0.06 | $0.00 | $0.06 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.13 | $0.67 |
| 2015 | $0.00 | $0.07 | $0.05 | $0.00 | $0.06 | $0.00 | $0.06 | $0.05 | $0.00 | $0.00 | $0.06 | $0.26 | $0.62 |
| 2014 | $0.06 | $0.07 | $0.08 | $0.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the FlexShares Disciplined Duration MBS Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FlexShares Disciplined Duration MBS Index Fund was 14.36%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current FlexShares Disciplined Duration MBS Index Fund drawdown is 5.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.36% | Feb 3, 2021 | 433 | Oct 20, 2022 | — | — | — |
| -3.08% | Nov 4, 2016 | 30 | Dec 21, 2016 | 526 | Feb 15, 2019 | 556 |
| -2.98% | Mar 10, 2020 | 8 | Mar 19, 2020 | 25 | Apr 24, 2020 | 33 |
| -2.38% | Aug 25, 2015 | 63 | Dec 3, 2015 | 30 | Jan 20, 2016 | 93 |
| -2.1% | Jan 21, 2016 | 43 | Mar 24, 2016 | 71 | Jul 6, 2016 | 114 |
Volatility
Volatility Chart
The current FlexShares Disciplined Duration MBS Index Fund volatility is 1.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.