---
ticker: "MBSD"
name: "Northern Trust Disciplined Duration MBS ETF"
url: "https://etf.net/etf/MBSD"
grade: "B"
score: 60
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "6 of 25"
methodology: "https://etf.net/methodology"
---

# MBSD: Northern Trust Disciplined Duration MBS ETF

Grade **B**, Score 60 of 100. Rank 6 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 77 | 6 of 25 |
| Mission | 56 | 3 of 20 |
| Risk | 48 | 11 of 25 |
| Tradability | 46 | 12 of 25 |
| Holdings | 62 | 9 of 25 |
| Durability | 55 | 13 of 25 |

## Top holdings

The fund holds 484 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Tba Umbs Single Family 30YR 7.0 11/23 | 3.09% |
| 2 | — | Tba Umbs Single Family 30YR 6.5 11/23 | 2.56% |
| 3 | — | Cash | 2.26% |
| 4 | — | Tba Umbs Single Family 30YR 4.0 11/23 | 2.12% |
| 5 | — | Umbs Mortpass 2.5% 01/DEC/2031 Ci Pn# MA2830 | 2.12% |
| 6 | — | Umbs Mortpass 2.5% 01/DEC/2033 Ci Pn# SB1970 | 1.89% |
| 7 | — | Gnma Ii Mortpass 7.5% 20/SEP/2054 Sf Pn# MA9910 | 1.83% |
| 8 | — | Umbs Mortpass 6.5% 01/JUN/2055 Class Pn# SL2769 | 1.44% |
| 9 | — | Umbs Mortpass 4% 01/AUG/2040 Ct Pn# FS7792 | 1.31% |
| 10 | — | Umbs Mortpass 2.5% 01/FEB/2035 Ci Pn# FA5699 | 1.29% |
| 11 | — | Umbs Mortpass 2% 01/SEP/2036 Ci Pn# MA4418 | 1.26% |
| 12 | — | Gnma I Mortpass 3.5% 15/JUN/2046 Sp Pn# 785274 | 1.24% |
| 13 | — | Umbs Mortpass 6.5% 01/APR/2056 Class Pn# FA5228 | 1.22% |
| 14 | — | Umbs Mortpass 5.5% 01/FEB/2049 Class Pn# FS2095 | 1.18% |
| 15 | — | Gnma Ii Mortpass 3% 20/MAR/2052 Sf Pn# MA7937 | 1.14% |
| 16 | — | Umbs Mortpass 6% 01/SEP/2039 Ci Pn# FA0742 | 1.13% |
| 17 | — | Gnma Ii Mortpass 3% 20/NOV/2049 Sf Pn# MA6283 | 1.13% |
| 18 | — | Umbs Mortpass 2% 01/MAY/2052 Class Pn# SD8211 | 1.01% |
| 19 | — | Umbs Mortpass 1.5% 01/OCT/2051 Class Pn# MA4436 | 0.94% |
| 20 | — | Umbs Mortpass 5% 01/AUG/2048 Class Pn# BK4773 | 0.93% |
| 21 | — | Umbs Mortpass 4.5% 01/OCT/2050 Class Pn# FS3956 | 0.92% |
| 22 | — | Gnma Ii Mortpass 2% 20/FEB/2052 Sf Pn# MA7880 | 0.92% |
| 23 | — | Gnma Ii Mortpass 2% 20/DEC/2051 Sf Pn# MA7766 | 0.90% |
| 24 | — | Umbs Mortpass 5.5% 01/JUN/2055 Class Pn# MA5735 | 0.89% |
| 25 | — | Umbs Mortpass 2.5% 01/FEB/2052 Class Pn# FS2321 | 0.87% |
| 26 | — | Umbs Mortpass 2.5% 01/AUG/2034 Ci Pn# QN0417 | 0.85% |
| 27 | — | Gnma Ii Mortpass 2.5% 20/OCT/2050 Sf Pn# MA6931 | 0.85% |
| 28 | — | Gnma Ii Mortpass 2.5% 20/MAR/2052 Sf Pn# MA7936 | 0.84% |
| 29 | — | Umbs Mortpass 4.5% 01/SEP/2050 Class Pn# FS9256 | 0.84% |
| 30 | — | Umbs Mortpass 3% 01/DEC/2032 Ci Pn# BM5109 | 0.80% |

Source: etf.net, https://etf.net/etf/MBSD. Please cite the page URL.