Regan Fixed Rate MBS ETF
MBSX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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.Quarterly Dividends 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
- May 1, 2025
- Website
- reganfunds.com
- Similar Companies
- Business
- Regan Fixed Rate MBS ETF (MBSX) is an actively managed exchange-traded fund that seeks current income by investing primarily in fixed rate residential mortgage-backed securities (RMBS) issued, secured, or collateralized by U.S. government-sponsored entities, such as Fannie Mae, Freddie Mac, and Ginnie Mae; the fund maintains a portfolio of approximately 60 holdings, including agency REMICS and pass-through securities with weighted average coupons around 4.54%, interest rate durations of 2.82 years, and effective spread durations of 5.51 years; it pays monthly dividends and targets liquid, agency-backed RMBS to provide higher yields relative to Treasuries with low credit risk. Managed by Regan Capital, LLC, an SEC-registered investment adviser founded in 2011 and headquartered at 300 Crescent Court, Suite 1760 in Dallas, Texas, the ETF launched on May 1, 2025, on the NYSE under ticker MBSX with CUSIP 00777X520; Regan Capital oversees approximately $3 billion in assets across mutual funds, separate managed accounts, and private partnerships focused on mortgage-backed securities, with portfolio managers Skyler Weinand, CFA, and Chris Hall leading MBSX; the fund has gross and net expense ratios of 0.40%, is distributed by Quasar Distributors, LLC, and administered by U.S. Bancorp Fund Services, LLC. In recent developments, MBSX follows the February 2024 launch of Regan Capital's companion Regan Floating Rate MBS ETF (NYSE: MBSF), expanding the firm's ETF offerings in the $10 trillion agency RMBS market; as of October 31, 2025, fund assets stand at about $14 million, with a 30-day SEC yield of 3.64% and since-inception NAV returns of 6.51%; no major acquisitions, partnerships, or strategic shifts have been announced since inception, though the ETF has grown through seed investments and ongoing monthly distributions announced through November 2025.