Investment Overview
The Mortgage-Backed Security strategy invests portfolios in exclusively Aaa-rated government agency mortgage-backed securities (GNMA, FNMA, and FHLMC). This strategy is designed to insulate portfolios from extreme interest rate volatility while seeking to maintain a yield advantage versus U.S. Treasuries. The portfolio investment team leverages its knowledge of mortgage prepayment rates, MBS spreads, and fluctuations in interest rates to optimize portfolios relative to the Barclays Capital U.S. MBS Index.
The strategy seeks to meet or exceed the total return of the Barclays Capital U.S. MBS Index, net of costs.
Inception: October 1989
Strategy Assets: $138,699,928.55
