PIA MBS Bond Fund (PMTGX)
NASDAQ NASDAQ Primary Summary
PMTGX Chart
PIA MBS Bond Fund (PMTGX) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has PIA MBS Bond Fund ever had a stock split?
PIA MBS Bond Fund Profile
| NASDAQ Exchange | United States Country |
Overview
This investment entity primarily allocates its funds into mortgage-backed securities, focusing at least 80% of its net assets—along with any funds borrowed for investment purposes—into this type of security, which includes both residential and commercial mortgage-backed securities. Furthermore, the fund adopts a diverse investment strategy by also allocating portions of its assets into futures, options, derivatives, other investment companies such as ETFs, and asset-backed securities. This diversified approach allows the fund to manage and potentially mitigate investment risks while striving for returns.
Products and Services
- Mortgage-Backed Securities (MBS)
These are the fund's primary investment focus, with a commitment to invest at least 80% of net assets in MBS, including commercial variants. MBS are a type of asset-backed security that is secured by a mortgage or a collection of mortgages. These securities must pay back to investors principal and interest payments collected from the underlying mortgages.
- Futures, Options, and Other Derivatives
Up to 10% of the fund's net assets may be allocated to futures, options, and other derivative instruments. These financial derivatives are contracts to buy or sell an asset at a future date for a specified price, allowing the fund to hedge against potential market risks or speculate on future movements in interest rates and the prices of securities.
- Investment in Other Companies
The fund can invest up to 20% of its net assets in other investment companies, including Exchange-Traded Funds (ETFs). This strategy provides the fund with broad exposure to a diversified mix of assets through investment in other funds that align with its investment goals.
- Asset-Backed Securities (ABS)
A portion of the fund's assets, up to 20%, may be allocated to asset-backed securities. ABS are securities backed by loan portfolios, excluding mortgages, such as auto loans, credit card debt, and student loans. By investing in ABS, the fund diversifies its portfolio further beyond traditional mortgage-backed securities.
