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ETFs

FlexShares Disciplined Duration MBS Index Fund

MBSD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 03 2014
Expense Ratio
0.20%
Type
US Bonds
Fund Owner
Flexshares (Northern Trust)
Volume (1m avg. daily)
$221,338
AUM
$70,716,019
Associated Index
ICE BofA Merrill Lynch Constrained Duration US Mortgage Backed Securities Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
UMBS MORTPASS 3 01/OCT/2033 CI PN# SB0745
2.91%
n/a
GNMA II MORTPASS 6.5 20/JUN/2053 SF PN# MA8950
2.55%
n/a
UMBS MORTPASS 5.5 01/FEB/2049 CL PN# FS2095
2.46%
n/a
GNMA I MORTPASS 3.5 15/JUN/2046 SP PN# 785274
2.32%
n/a
CASH
2.22%
n/a
GNMA I MORTPASS 4.5 15/MAY/2039 SF PN# 667387
2.06%
n/a
UMBS MORTPASS 3 01/APR/2033 CI PN# SB0199
1.82%
n/a
UMBS MORTPASS 4 01/JUL/2050 CL PN# FM3978
1.67%
n/a
GNMA I MORTPASS 5 15/NOV/2039 SF PN# 710994
1.52%
n/a
UMBS MORTPASS 3 01/SEP/2030 CI PN# BM3057
1.46%
Invest with MBSD

What is MBSD?

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofAML Constrained Duration US Mortgage Backed Securities Index (Underlying Index). The ICE BofAML Constrained Duration US Mortgage Backed Securities Index tracks the performance of US dollar denominated 30-year, 20-year and 15-year fixed rate residential mortgage pass-through securities publicly issued by US agencies in the US domestic market. Fixed rate mortgage pools are included in the Index provided they have at least one year remaining term to final maturity and a minimum amount outstanding of at least $5 billion per generic coupon.

ETFs related toMBSD

ETFs correlated to MBSD include BND, AGG, MBB

MBSD
FlexShares Trust - FlexShares Disciplined Duration MBS Index Fund
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
MBB
BlackRock Institutional Trust Company N.A. - iShares MBS ETF
SPMB
SPDR Series Trust - SPDR Portfolio Mortgage Backed Bond ETF
VMBS
Vanguard Group, Inc. - Vanguard Mortgage-Backed Securities ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
NUBD
Nuveen Fund Advisors LLC - NuShares ESG U.S. Aggregate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMBSD

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with MBSD using Composer

FAQ

MBSD is a US Bonds ETF. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE BofAML Constrained Duration US Mortgage Backed Securities Index (Underlying Index). The ICE BofAML Constrained Duration US Mortgage Backed Securities Index tracks the performance of US dollar denominated 30-year, 20-year and 15-year fixed rate residential mortgage pass-through securities publicly issued by US agencies in the US domestic market. Fixed rate mortgage pools are included in the Index provided they have at least one year remaining term to final maturity and a minimum amount outstanding of at least $5 billion per generic coupon.

MBSD tracks the ICE BofA Merrill Lynch Constrained Duration US Mortgage Backed Securities Index.

No, MBSD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MBSD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MBSD is -0.009%. This is the percent change in the value of MBSD over the most recent 1-month period. The 3-month return on MBSD is -0.0239%. This is the percent change in the value of MBSD over the most recent 3-month period.

The standard deviation of MBSD for the past year is 0.0664%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MBSD include GNMA, DEED, and AGZ.

ETFs correlated to MBSD include BND, AGG, and MBB.

ETFs that are inversely correlated to MBSD include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.