Northern Trust Disciplined Duration MBS ETF
The ETF.net MBSD Grade
B
Score 61 out of 100
- 6 of 25
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 6 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.B60 out of 100Rank 6 of 21Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 12 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C48 out of 100Rank 13 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 9 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B55 out of 100Rank 13 of 25
Our read on MBSD
In short
BAgency mortgage bonds let their duration wander as homeowners refinance or sit tight. MBSD tracks an index built to keep that drift on a leash, offering mortgage-bond exposure with rate sensitivity set by rules instead of by the market's mood.
Stated mandate
The fund is designed to provide market-like exposure to mortgage-backed securities while limiting duration drift through a rules-based index methodology.
Why people hold it
Worth knowing
MBSD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MBSD$10,072
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MBSD |
|---|---|
| Year to date | 0.0% |
| 1 month | +2.4% |
| 3 months | +0.2% |
| 1 year | +0.7% |
| 3 years | +4.7% |
| 5 years | +0.5% |
| 10 years | +1.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MBSD |
|---|---|---|
| 2026 YTD | 0.0% | |
| 2025 | +7.1% | |
| 2024 | +2.3% | |
| 2023 | +4.5% | |
| 2022 | −9.5% | |
| 2021 | −1.4% | |
| 2020 | +5.4% |
MBSD in the news
MBSD Dividends
- 4.46%
- $0.90
- $0.06 per share
- Monthly
MBSD Risk
- 4.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.74
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
MBSD Cost
Overpaying vs VMBS, tied cheapest in Mortgage-Backed Securities
$3,517
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MBSD 0.20%
$4,155
VMBS 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | MBSD | VMBS | Overpaying |
|---|---|---|---|
| 10 | $365 | $55 | $310 |
| 20 | $1,421 | $216 | $1,205 |
| 30 | $4,155 | $638 | $3,517 |
You pay 0.20%Waived by FlexShares 0.01%
Full fee 0.21% waiver 0.01% you pay 0.20%
Other funds in Mortgage-Backed Securities
- ASMBSSchwab Mortgage-Backed Securities ETFExpense ratio 0.03%1 year return +0.5%
- BJMTGJPMorgan Mortgage-Backed Securities ETFExpense ratio 0.37%1 year return +0.8%
- BGNMAiShares GNMA Bond ETFExpense ratio 0.10%1 year return +0.4%
- BMTBASimplify MBS ETFExpense ratio 0.28%1 year return +0.2%
- CMBBAiShares Mortgage-Backed Securities Active ETFExpense ratio 0.25%1 year return
