FlexShares Disciplined Duration MBS Index Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$20.31
- Net Assets:$0 Million
- NAV:$20.28
- Premium0.15%
- Peer Rank:9 of 19
- Investment Rating:C-
- Performance:D
- RiskB
We rate FlexShs Dscpld Duration MBS Index at C-. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a General Mortgage strategy.
Total return ranks well below peers over the last three years. The FlexShs Dscpld Duration MBS Index has returned an annual rate of 0.76% since inception. More recently, the fund has generated a total return of 0.28% in the last five years, -2.60% in the last three years, and 4.17% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 14% of them. It has also outpaced 22% of its competitors on a three year basis and 24% of them over the last year for the period ending 2/29/2024. On a year to date basis, MBSD has returned -0.60%.
Downside risk has been below average. MBSD has a draw down risk of -17.96%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 5.3%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As MBSD is an exchange traded fund, it has no front end or back end load.
The FlexShs Dscpld Duration MBS Index is managed by Kevin J. O'Shaughnessy at Northern Trust Corp. This fund is one of 29 Northern Trust Corp exchange-traded funds launched since 9/16/2011 that we track.