Regan Floating Rate MBS ETF
MBSF
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 777 Brickell Avenue, Suite 1230 Miami FL United States of America 33131
- IPO Date
- Feb 28, 2024
- Website
- regancapital.com
- Similar Companies
- Business
- Regan Floating Rate MBS ETF (NYSE Arca: MBSF), a series of Valued Advisers Trust, is an actively managed exchange-traded fund that seeks current income through a portfolio invested primarily in floating-rate residential mortgage-backed securities (RMBS), with at least 80% of assets allocated to such securities including agency RMBS issued or guaranteed by U.S. government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae; the fund may also hold short-term U.S. government securities, investment-grade money market instruments, repurchase agreements, commercial paper and cash equivalents. MBSF employs a bottom-up security selection process focused on collateral characteristics and capital structure to identify undervalued opportunities, overlaid with top-down macroeconomic analysis of factors including economic outlook, interest rates and real estate fundamentals, targeting low duration (typically under one year), low credit risk and monthly income distributions via pass-through principal and interest payments from underlying residential mortgages. The ETF trades on the NYSE Arca exchange, with shares created and redeemed in large blocks by authorized participants primarily for cash, and is distributed by Northern Lights Distributors, LLC, with custody by Brown Brothers Harriman & Co. Launched on February 28, 2024, and managed by Regan Capital, LLC, headquartered at 300 Crescent Court, Suite 1760, Dallas, Texas, the ETF surpassed $100 million in assets under management within six months and reached approximately $166 million by late 2025, reflecting strong inflows amid demand for high-quality cash alternatives offering yield premiums over Treasury bills and money market funds. In May 2025, Regan Capital expanded its MBS ETF lineup with the launch of the companion Regan Fixed Rate MBS ETF (NYSE: MBSX), complementing MBSF's floating-rate focus and leveraging the firm's expertise in agency RMBS to provide investors with additional fixed-income options in a shifting interest rate environment. The firm, founded in 2011 by Chief Investment Officer Skyler Weinand, manages approximately $2.6 billion in assets overall and operates without noted subsidiaries or parent relationships for the ETF. MBSF maintains a 0.49% expense ratio, low portfolio correlation to equities and traditional fixed income, and targets investment-grade quality backed by strong U.S. housing market fundamentals.