MITF MITFX 7 Dec 2021 Paid | Monthly | $0 Per Share |
MITF MITFX 30 Nov 2021 Paid | Monthly | $0.03 Per Share |
MITF MITFX 29 Oct 2021 Paid | Monthly | $0.02 Per Share |
MITF MITFX 30 Sep 2021 Paid | Monthly | $0.01 Per Share |
MITF MITFX 31 Aug 2021 Paid | Monthly | $0.02 Per Share |
MITF MITFX 7 Dec 2021 Paid | Monthly | $0 Per Share |
MITF MITFX 30 Nov 2021 Paid | Monthly | $0.03 Per Share |
MITF MITFX 29 Oct 2021 Paid | Monthly | $0.02 Per Share |
MITF MITFX 30 Sep 2021 Paid | Monthly | $0.01 Per Share |
MITF MITFX 31 Aug 2021 Paid | Monthly | $0.02 Per Share |
NASDAQ Exchange | US Country |
The fund is focused on investing a major part of its assets in a variety of fixed income securities. It aims to ensure a stable investment grade for its portfolio by adhering to a minimum rating criteria, engaging primarily in securities that are at least BBB rated by Standard & Poor's, Baa by Moody's Investors Service, or possess an equivalent rating. This cautious selection is further extended to unrated securities, which are only considered if deemed to be of comparable quality by the Adviser. By maintaining stringent investment standards, the fund seeks to provide a reliable and secure option for investors seeking income generation through fixed income instruments.
These are debt securities issued by corporations aiming to raise capital. By investing in corporate securities, the fund provides investors with the opportunity to partake in the debt of various companies, potentially earning income through interest payments.
Investment in asset-backed securities offers an avenue to diversify by tying the investment to the performance of a pool of assets, such as loans, leases, or receivables. This diversification can potentially reduce risk and offer a steady income stream to the fund's investors.
Mortgage-backed securities are another form of asset-backed securities specifically tied to mortgage loans. These investments can provide the fund with regular income payments, mirroring the repayment of principal and interest by the underlying borrowers.
The fund includes investments in various financial instruments issued by banks, such as certificates of deposit and bank guarantees. These instruments typically offer a fixed rate of return and add an element of liquidity and security to the fund's portfolio.
Repurchase agreements, often termed as repos, allow the fund to invest cash for short periods. These agreements typically involve the sale of securities with the agreement to repurchase them at a later date, often with an added interest. This provides the fund with flexibility and earns interest income over the short term.
Investing in U.S. government securities, such as Treasury bonds, bills, and notes, offers the fund a high level of security and a steady income. These securities are backed by the full faith and credit of the U.S. government, making them one of the safest investment options available.