AGNC sees improving Agency MBS supply-demand trends, stronger book value and higher-coupon opportunities despite a volatile rate backdrop.
According to Bankrate's Mortgage Rates, the national average for a 30-year fixed mortgage is 6.61%. That's uncomfortably high and a major headwind to many prospective homebuyers, particularly those in the first-time category.
Agency mortgage-backed securities (MBS) are quietly coming off their best year since 2002 — climbing over 8.5%. So far, the macroeconomic backdrop of 2026 suggests last year's rally was far from a fluke.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| MSH Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 17,381 | $151,649 | $149,737.31 | -$1,911.69 | -1.26% |
Kyle P. Smith NewEdge Wealth LLC | 2.59M | $22.2M | $22.31M | $114,589.41 | 0.52% |
Candace Cavalier Congress Wealth Management LLC / DE / | 6.79M | $58.9M | $58.41M | -$484,940.75 | -0.82% |
Christopher C. Powers Farther Finance Advisors, LLC | 135,695 | $1.17M | $1.17M | -$3,392.53 | -0.29% |
James J. Karabas Embree Financial Group | 245,916 | $2.14M | $2.12M | -$24,153.14 | -1.13% |
| NASDAQ (NMS) Exchange | US Country |
The fund specializes in investing predominantly in mortgage-backed securities (MBS), dedicating at least 80% of its net assets, in addition to any borrowed funds for investment purposes, to this type of security. By focusing on MBS, the fund aims to provide investors with a way to access the real estate market indirectly through securities that are secured by mortgage loans. The fund operates under a non-diversified status, meaning it may be more significantly impacted by the performance of individual investments than diversified funds. This focused approach is intended for investors looking for specific exposure to the mortgage-backed securities market, possibly seeking to complement their diversified investments or to capitalize on the performance of the housing and real estate sectors.
The main investment focus of the fund is detailed in its products and services, which include:
This primary investment vehicle of the fund involves putting at least 80% of its net assets, alongside any amounts borrowed for investment purposes, into MBS. These are securities whose income payments and hence value are derived from and secured by a specified pool of underlying mortgage loans. The fund's emphasis on MBS provides investors with exposure to the residential and commercial mortgage markets without the need for direct investment in physical real estate.
Up to 20% of the fund's net assets can be invested in various asset-backed securities. ABS are similar to MBS, but instead of being secured by mortgage loans, they are backed by other types of financial assets, such as auto loans, student loans, credit card debt, etc. This allows the fund to diversify its investments slightly within the realm of securitized assets, offering investors a broader exposure to different segments of the credit market.