# Northern Trust Disciplined Duration MBS ETF (MBSD) — Overview

MBSD · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/mbsd

## Price

Last close $20.04 on Oct 15, 2026. 52-week range $19.74 – $21.05.

## Fund profile

MBSD tracks an index of agency-backed mortgage-backed securities that aims for 3.25-4.25 years of effective duration. The index uses a proprietary weighting scheme.

| Metric | Value |
| --- | --- |
| Issuer | Northern Trust Investments, Inc. |
| Industry | — |
| Inception | Sep 3, 2014 |
| Assets under management | $85.7M |
| Expense ratio | 0.20% |
| Net asset value | $19.93 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Northern Trust Disciplined Duration MBS ETF (MBSD)?

MBSD tracks an index of agency-backed mortgage-backed securities that aims for 3.25-4.25 years of effective duration. The index uses a proprietary weighting scheme.

### What is MBSD's expense ratio?

Northern Trust Disciplined Duration MBS ETF charges an annual expense ratio of 0.20%. The fund is issued by Northern Trust Investments, Inc..

### How large is MBSD?

Northern Trust Disciplined Duration MBS ETF manages $85.7M in assets and has traded since Sep 3, 2014.

### How do I buy shares of Northern Trust Disciplined Duration MBS ETF (MBSD)?

MBSD trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).