Regan Floating Rate MBS ETF

Frequently Asked Questions About MBSF

What does MBSF invest in?

Regan Capital, LLC, the fund’s investment adviser, seeks to achieve the fund’s investment objective by investing primarily in floating rate residential mortgage-backed securities (“RMBS”). Under normal circumstances, at least 80% of the fund’s assets will be invested in floating rate RMBS.

What is the expense ratio of MBSF?

Regan Floating Rate MBS ETF (MBSF) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.

What is MBSF's dividend yield?

MBSF's trailing-twelve-month yield is 4.45%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of MBSF?

Effective duration measures MBSF's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MBSF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of MBSF?

MBSF'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 MBSF?

Yield to maturity (YTM) is the total return you'd earn from MBSF if every bond in the portfolio is held to maturity at the current price. MBSF'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.