iShares GNMA Bond ETF (GNMA)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
GNMA Chart
iShares GNMA Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 50 | $2,239.5 | $2,193.5 | -$46 | -2.05% |
| JS Jason Skolnick FIRST NATIONAL Corp. /MA/ /ADV | 9,679 | $424,361.67 | $425,004.89 | $643.22 | 0.15% |
 Jeff Ameen Spire Wealth Management | 38 | $1,672.06 | $1,666.11 | -$5.95 | -0.36% |
 Bethany Wagner Level Financial Advisors | 5,504 | $244,031.1 | $241,322.88 | -$2,708.22 | -1.11% |
| DC Donie Carlson DMC Group LLC | 21,565 | $974,481.46 | $946,919.15 | -$27,562.31 | -2.83% |
iShares GNMA Bond ETF (GNMA) FAQ
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iShares GNMA Bond ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is a specialized investment vehicle that focuses on generating returns through strategic investments in mortgage-backed securities (MBS). By allocating at least 80% of its assets to securities that form part of the underlying index and engaging in to-be-announced transactions (TBAs), the fund aims to closely replicate or exceed the economic performance of its benchmark. This benchmark is constituted by fixed-rate MBS issued by the Government National Mortgage Association (GNMA), also known as Ginnie Mae. These securities include those with 30-year or 15-year maturities, highlighting a focus on long-term, fixed-income investments. The underlying index itself is designed to measure the performance of the GNMA mortgage-backed pass-through securities, providing a clear framework for the fund's investment strategy.
Products and Services
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Component Securities Investment:
The fund invests a significant portion of its assets directly in the component securities that make up the underlying index. This approach ensures that the fund's performance closely mirrors that of the index, which is composed of fixed-rate MBS issued by GNMA. The focus on securities with 30- or 15-year maturities positions the fund as an attractive option for investors seeking stable, long-term income streams.
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To-Be-Announced (TBA) Transactions:
Engaging in TBA transactions constitutes a key part of the fund's investment strategy. TBAs allow the fund to commit to buying or selling MBS at a future date without specifying the particular securities that will be delivered. This method provides the fund with flexibility, liquidity, and the potential to gain from price movements and arbitrage opportunities in the MBS market. The economic characteristics of TBAs chosen by the fund are substantially identical to those of the securities in the underlying index, ensuring alignment with the fund's overall investment objectives.
