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AUSMvsMBSDETF Comparison

ETF 1

AUSM

Allspring Ultra Short Municipal ETF

This fund is part of

Municipal Bonds

-0.03%

Full AUSM fund page

VS

ETF 2

MBSD

Northern Trust Disciplined Duration MBS ETF

This fund is part of

MBS & ABS

+0.12%

Full MBSD fund page

Allspring Ultra Short Municipal ETF (AUSM) and Northern Trust Disciplined Duration MBS ETF (MBSD) have similar underlying exposures to countries and sectors. AUSM's top 1 sector exposures are Municipal. In contrast, MBSD's top sector exposures are Industrials. AUSM is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.21% for MBSD. AUSM is up 1.53% year-to-date (YTD) with +$3M in YTD flows. MBSD performs worse with -0.02% YTD performance, and -$987K in YTD flows. Run a side-by-side ETF comparison of AUSM and MBSD below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AUSM vs MBSD performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AUSM MBSD	+0.20%-0.03%	+0.54%-0.49%	+1.53%-0.02%	+2.50%+2.32%	n/a+14.00%	n/a+2.14%
Flows	AUSM MBSD	--	+$2M-$4M	+$3M-$987K	+$7M+$6M	-+$16M	--$5M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AUSM MBSD	+0.39%+3.15%	+0.41%+2.90%	n/a+4.03%	n/a+4.64%
Max drawdown	AUSM MBSD	-0.15%-1.23%	-0.24%-2.04%	n/a-3.51%	n/a-13.89%
Max drawdown duration	AUSM MBSD	20d65d	37d185d	n/a196d	n/a1449d

Trading data

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	AUSM	MBSD
Last sale 9/2/2026 at 1:30 PM	$25.02	$20.29
Previous close 09/02/2026	$25.04	$20.29
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 3, 2026

1-year trailing difference

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AUSM

is actively managed and doesn’t replicate an index

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	AUSM	MBSD
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	AUSM	MBSD
Last price	$25.02	$20.29
1D performance	-0.06%	+0.02%
AuM	$33.01 M	$88.25 M
E/R	0.18%	0.21%

Characteristics

	AUSM	MBSD
Management strategy	Active	Passive
Provider	Allspring	Northern Trust
Benchmark	-	ICE BofA Constrained Duration US MBS Index
N° of holdings	15	39
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	July 8, 2025	September 3, 2014
ESG	No	No

More AUSM data on Trackinsight

More MBSD data on Trackinsight

Exposure

Countries

AUSM

USA

12.83%

Other

87.17%

MBSD

USA

12.86%

Other

87.14%

Sectors

AUSM

Municipal

12.83%

Other

87.17%

MBSD

Industrials

12.86%

Other

87.14%

Diversification

AUSM

Total weight of top 15 holdings out of 15

24.58%

MBSD

Total weight of top 15 holdings out of 15

22.98%

Top 15 holdings

Data as of July 31, 2026

AUSM

US46640KS620

2.27%

US44244CN944

2.12%

US20775DXK35

1.90%

US09025PFN15

1.56%

US7436006C72

1.54%

Chandler Industrial Development Authority, 4.1% 1dec2037, USD (2007)

1.53%

US167562SY49

1.53%

US67756CGH51

1.53%

US01179R6Z17

1.52%

US579729EW01

1.52%

US494053MA62

1.51%

US010050BV34

1.51%

US60700HUN78

1.51%

US469400DZ58

1.51%

US95345PAC23

1.51%

MBSD

US01F0626972

2.56%

US01F0406938

2.17%

US36180AAK97

2.12%

US3132CYFK10

2.02%

US31427QCF72

1.48%

US3140W6KM30

1.39%

US3140XPUS68

1.35%

FN MA4418, 2% 1sep2036, USD (ABS)

1.31%

US3622AAXB57

1.28%

US3140W5Y247

1.28%

US3140W0ZG37

1.23%

US3140XHKH97

1.23%

G2 MA7937, 3% 20mar2052, USD (ABS)

1.19%

US01F0706907

1.18%

G2 MA6283, 3% 20nov2049, USD (ABS)

1.18%

Frequently asked questions about AUSM and MBSD

AUSMvsMBSDETF Comparison

Allspring Ultra Short Municipal ETF

Northern Trust Disciplined Duration MBS ETF

AUSM vs MBSD performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AUSM and MBSD ETFs performed in 2026?

As of September 1, 2026, AUSM is up 1.53% year-to-date (YTD), while MBSD has lost -0.02%. That puts AUSM better performer ahead so far this year.

Which ETF is attracting more investor money: AUSM or MBSD?

Year-to-date, the AUSM ETF saw +$3M in flows, compared to -$987K for MBSD.

Which ETF is more volatile: AUSM or MBSD?

Over the past year, AUSM had a volatility of 0.41%, while MBSD experienced 2.9%.

Which ETF is bigger: AUSM or MBSD?

As of September 1, 2026, AUSM holds $33.01 M in assets under management (AUM), while MBSD manages $88.25 M.

What sectors do the AUSM and MBSD ETFs invest in?

AUSM leans toward sectors like Municipal. Meanwhile, MBSD focuses on Industrials.

What are the top holdings of the AUSM ETF and MBSD ETF?

AUSM top holdings include US46640KS620, US44244CN944 and US20775DXK35. MBSD holds in its top three: US01F0626972, US01F0406938 and US36180AAK97.

Which ETF is more diversified: AUSM or MBSD?

AUSM holds 97 securities with 24.58% of its assets in the top 15. MBSD has 466 securities and a top 15 weight of 22.98%.

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