Northern Trust Disciplined Duration MBS ETF
$19.97−0.16 (−0.79%)
- Expense ratio
- 0.21%
- Fund size
- $88M
- 1Y return
- −0.2%
- Yield · Last 12 months
- 4.20%
- Holdings
- 485
- Volume · 30D
- 0M sh
- NAV per share
- $20.15
- 52W range
The ETF.net MBSD Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 77Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 47Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 45Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 61Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on MBSD
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.
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
- The whole point is duration discipline: a rules-based index designed to give market-like mortgage-bond exposure while limiting duration drift, so rate sensitivity is governed by methodology.flexshares.com
- Charges 0.21% a year, less than the typical fee in the MBS ETF group, and it has been running since 2014 rather than arriving as a recent idea.
- Spreads across roughly 500 mortgage bonds and pays monthly, so income lands on a mortgage-payment rhythm instead of twice a year.
Worth knowing
- Thinly traded. Spreads and limit orders matter more here than with the category's household names.
- Duration control carries a price tag: VMBS, MBB and SPMB track the broad agency mortgage market for single-digit basis points.
- Constraining duration means it is not built to move like the full mortgage-backed market. That is the design, but it is a different exposure, not a copy.flexshares.com
MBSD Holdings
- Bonds
- 485
- 19%
- TBA UMBS SINGLE FAMILY 30YR 7.0 10/23
Geography
- United States100.00%
MBSD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −0.8% |
| 1 month | −1.0% |
| 3 months | −1.3% |
| 1 year | −0.2% |
| 3 years | +4.3% |
| 5 years | +0.4% |
| 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 | −0.8% | |
| 2025 | +7.1% | |
| 2024 | +2.3% | |
| 2023 | +4.5% | |
| 2022 | −9.5% | |
| 2021 | −1.4% | |
| 2020 | +5.4% |
MBSD in the news
ETF.net Research hasn’t filed on MBSD yet — coverage lands here as it’s written.
MBSD Dividends
- 4.20%
- $0.84
- $0.06 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.06 |
| Aug 3, 2026 | Aug 7, 2026 | $0.06 |
| Jul 1, 2026 | Jul 8, 2026 | $0.06 |
| Jun 1, 2026 | Jun 5, 2026 | $0.06 |
| May 1, 2026 | May 7, 2026 | $0.06 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Mar 2, 2026 | Mar 6, 2026 | $0.06 |
| Feb 2, 2026 | Feb 6, 2026 | $0.06 |
| Dec 19, 2025 | Dec 26, 2025 | $0.07 |
| Dec 1, 2025 | Dec 5, 2025 | $0.17 |
| Nov 3, 2025 | Nov 7, 2025 | $0.07 |
| Oct 1, 2025 | Oct 7, 2025 | $0.07 |
MBSD Risk
- 4.3%
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.
- −0.07
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.
MBSD Cost
- The middle half of Mortgage-Backed Securities funds
- Median 0.32%
5 of the 24 Mortgage-Backed Securities funds charge less.