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MBSD
FlexShares Disciplined Duration MBS Index Fund

Price: $24.15
Change: $0.0 (0.0%)
Category: Mortgage Backed Securities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.76
  • 52 Week Hi $26.00
  • AUM $97.7 M
  • Shares 4.1 M

Analyst Report

The FlexShares Disciplined Duration MBS Index Fund (MBSD) tracks a proprietary index of mortgage-backed securities. MBSD’s particular twist is that it aims to keep duration within a range. Duration measures sensitivity to a change in interest rates. Bond prices typically fall when rates rise. The higher the duration, the more volatile the expected change.

MBSD invests in U.S.-dollar denominated mortgage-backed securities with terms ranging from 15 years to 30 years, but the index targets a composite portfolio duration between 3.25 years and 4.25 years. The index excludes some riskier types of mortgage debt, such as balloon mortgages, mobile home loans, graduated mortgage payments, and collateralized mortgage obligations.

MBSD’s secret sauce also means a significantly higher management fee than the ultra-low-cost competition. Is it worth it? Investors can compare MBSD to the iShares MBS ETF (MBB), the SPDR Portfolio Mortgage Backed Bond ETF (SPMB), or the Vanguard Mortgage Backed Securities ETF (VMBS).

Historical Trading Data

  • 1 Month Avg. Volume 29,219
  • 3 Month Avg. Volume 24,388

Alternative ETFs in the Mortgage Backed Securities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VMBS 0.05% $11.6 B 1 M 3.39%
Largest (AUM) MBB 0.06% $22.4 B 1 M 3.75%
Most Liquid (Volume) VMBS 0.05% $11.6 B 1 M 3.39%
Top YTD Performer LGOV 0.65% $19.3 M 7,215 12.65%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

688
Number of Holdings
16.79%
% Assets in Top 10
20.35%
% Assets in Top 15
36.13%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
688
Rank
4 of 13
Low
VMBS (20)
High
MBB (9259)
% Assets in Top 10
16.79%
Rank
3 of 13
Low
CMBS (7.11%)
High
LGOV (81.52%)
% Assets in Top 15
20.35%
Rank
12 of 13
Low
CMBS (9.57%)
High
LGOV (90.62%)
% Assets in Top 50
36.13%
Rank
11 of 13
Low
CMBS (23.67%)
High
VMBS (100.00%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Collateralized debt 98.55%
Federal/Central debt 1.45%
Bond Sector Percentage
Mortgage Backed 98.55%
Government/Treasury 1.45%
Bond Sector Percentage
FNMA 54.29%
FHLMC 24.67%
GNMA2 10.55%
GNMA1 9.04%
Government/Treasury Unsecured Note 1.45%
Other 0.0%
Coupon Range Percentage
0% to 1% 1.45%
1% to 2% 0.0%
2% to 3% 12.53%
3% to 4% 24.48%
4% to 5% 28.68%
5% to 6% 27.01%
6% to 7% 5.85%
7% to 8% 0.0%
8% to 9% 0.0%
9% to 10% 0.0%
Greater Than 10% 0.0%
Credit Percentage
AAA 1.45%
AA 0.0%
A 0.0%
BBB 0.0%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%
Rating Unknown 98.55%
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 1.54%
3-5 Years 0.79%
5-7 Years 5.6%
7-10 Years 5.73%
10-15 Years 9.76%
15-20 Years 18.61%
20-30 Years 55.64%
30+ Years 0.0%
N/A or Unknown 2.32%
 
View Less Charts
 
Asset Percentage
Collateralized debt 98.55%
Federal/Central debt 1.45%
 
View More Charts
 

MBSD Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

MBSD Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.05
Dividend Date
2020-09-01
Annual Dividend Rate
$0.68

$0.05
Dividend
2020-09-01
Dividend Date
$0.68
Annual Dividend Rate
Annual Dividend Yield
2.81%
Rank
4 of 12
Low
DEED (0.38%)
High
LGOV (3.32%)

MBSD Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 4.82 M 1 Month Net Flows: 13.28 M 3 Month Net Flows: 25.34 M 6 Month Net Flows: 37.41 M 1 Year Net Flows: 64.52 M 3 Year Net Flows: 60.78 M 5 Year Net Flows: 79.37 M 10 Year Net Flows: 95.68 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for MBSD on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Mortgage Backed Securities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

MBSD Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.535%
ETF Wtd. Average
0.19%
Category Average
0.30%
Expense Ratio
0.20%
Rank
6 of 13
Low
VMBS (0.05%)
High
LMBS (0.68%)
ESG Themes and Scores

MBSD does not have an ESG score. There are no ESG themes that map to this ETF.

MBSD Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.08%
1 Week Return
0.03%
4 Week Return
0.46%
13 Week Return
2.56%
26 Week Return
4.81%
Year to Date Return
5.27%
1 Year Return
10.79%
3 Year Return
12.65%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.08%
Rank
7 of 13
Low
LGOV (-0.11%)
High
MBB (0.14%)
4 Week Return
0.03%
Rank
6 of 13
Low
VMBS (-0.19%)
High
CMBS (0.83%)
13 Week Return
0.46%
Rank
5 of 13
Low
GNMA (-0.09%)
High
CMBS (1.89%)
26 Week Return
2.56%
Rank
7 of 12
Low
GNMA (-0.25%)
High
CMBS (6.55%)
Year to Date Return
4.81%
Rank
3 of 12
Low
GSST (1.33%)
High
LGOV (12.65%)
1 Year Return
5.27%
Rank
4 of 11
Low
LMBS (1.85%)
High
LGOV (9.66%)
3 Year Return
10.79%
Rank
4 of 8
Low
FTSD (6.81%)
High
CMBS (16.68%)
5 Year Return
12.65%
Rank
7 of 8
Low
FTSD (8.36%)
High
CMBS (20.84%)

 
View Summary Analysis
 

MBSD Price and Volume Chart

MBSD Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
5.41%
Rank
8 of 13
Low
FTSD (1.62%)
High
SPMB (123.39%)
20 Day Volatility
1.51%
Rank
5 of 13
Low
GSST (0.55%)
High
CMBS (6.25%)
50 Day Volatility
1.61%
Rank
7 of 13
Low
GSST (1.00%)
High
LGOV (7.18%)
200 Day Volatility
2.41%
Rank
3 of 13
Low
GSST (1.05%)
High
LGOV (10.38%)
Beta
0.18
Rank
2 of 13
Low
LGOV (-0.05)
High
FTSD (0.2)
Standard Deviation
0.46%
Rank
9 of 11
Low
LMBS (0.40%)
High
MBB (1.88%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $24.16
  • 60 Day MA $24.11
  • MACD 15 Period n/a
  • MACD 100 Period 0.08
  • Williams % Range 10 Day 50.00
  • Williams % Range 20 Day 73.53
  • RSI 10 Day 50
  • RSI 20 Day 52
  • RSI 30 Day 54
  • Ultimate Oscillator 34

Bollinger Brands

  • Lower Bollinger (10 Day) $24.12
  • Upper Bollinger (10 Day) $24.17
  • Lower Bollinger (20 Day) $24.11
  • Upper Bollinger (20 Day) $24.21
  • Lower Bollinger (30 Day) $23.95
  • Upper Bollinger (30 Day) $24.39

Support & Resistance

  • Support Level 1 $24.14
  • Support Level 2 $24.13
  • Resistance Level 1 $24.16
  • Resistance Level 2 $24.18

Stochastic

  • Stochastic Oscillator %D (1 Day) 18.33
  • Stochastic Oscillator %D (5 Day) 46.64
  • Stochastic Oscillator %K (1 Day) 24.44
  • Stochastic Oscillator %K (5 Day) 41.63

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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