# Northern Trust Disciplined Duration MBS ETF (MBSD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mbsd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: FlexShares · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2014-09-03 Designed for investors aiming to broaden their income sources through mortgage-backed securities, with an emphasis on a defined duration. This fund strives to achieve investment outcomes that broadly align with the price movements and income generation of the ICE BofA Constrained Duration US Mortgage Backed Securities Index, before the deduction of any associated fees and operating expenses. ## Key Facts | Metric | Value | |---|---| | Price | $20.13 | | Expense Ratio | 0.21% | | Assets Under Management | $88.5M | | NAV | $20.12 | | Holdings Count | 468 | | Distribution Yield (TTM) | 4.17% | | Annual Distribution (TTM) | $0.84 /share | | Distribution Frequency | Monthly | | 52-Week Range | $19.70 – $21.06 | | Beta | 0.74 | ## Latest Distribution - Amount: $0.0601 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-07 ## Frequently Asked Questions ### What does MBSD invest in? Designed for investors aiming to broaden their income sources through mortgage-backed securities, with an emphasis on a defined duration. This fund strives to achieve investment outcomes that broadly align with the price movements and income generation of the ICE BofA Constrained Duration US Mortgage Backed Securities Index, before the deduction of any associated fees and operating expenses. ### What is the expense ratio of MBSD? Northern Trust Disciplined Duration MBS ETF (MBSD) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations. ### What is MBSD's dividend yield? MBSD's trailing-twelve-month yield is 4.17%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of MBSD? Effective duration measures MBSD's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MBSD's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of MBSD? MBSD's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of MBSD? Yield to maturity (YTM) is the total return you'd earn from MBSD if every bond in the portfolio is held to maturity at the current price. MBSD's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does MBSD pay a dividend? Yes, Northern Trust Disciplined Duration MBS ETF (MBSD) distributes dividends to shareholders. The trailing-twelve-month yield is 4.17%. Full dividend history is on this page. ### How often does MBSD pay dividends? Northern Trust Disciplined Duration MBS ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MBSD's next ex-dividend date? The most recently announced ex-dividend date for MBSD was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will MBSD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MBSD charge its expense ratio? The expense ratio is deducted in tiny daily slices from MBSD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MBSD cost more than a fund like VOO? MBSD is a passive index fund (current expense ratio 0.21%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to MBSD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MBSD (0.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mbsd - Distribution history: https://www.dividenddata.com/funds/mbsd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mbsd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mbsd/expenses - Peer comparison: https://www.dividenddata.com/funds/mbsd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.