VMBS
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Vanguard Mortgage-backed Securities Index Fund Etf Shares
47.19
+0.04 (+0.08%)
Last Update: 06 Sep 2024 23:15:00
Yesterday: 47.15
Day's Range: 47.09 - 47.36
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When Written:
46.63
The Vanguard Mortgage-Backed Securities Index Fund ETF Shares (VMBS) is an exchange-traded fund that invests in a diversified portfolio of mortgage-backed securities (MBS). The fund seeks to track the performance of the Bloomberg Barclays U.S. Mortgage-Backed Securities Float Adjusted Index, which includes MBS issued by government-sponsored entities such as Fannie Mae and Freddie Mac, as well as private issuers.
VMBS provides investors with exposure to the U.S. housing market and the mortgage industry, which can offer diversification benefits and potentially higher yields than other fixed-income investments. The fund has a low expense ratio of 0.06% and is designed to provide investors with a low-cost, passive investment option.
As of June 30, 2021, the fund had a total net asset value of $25.6 billion and held 1,275 different securities. The fund's top holdings include MBS issued by Fannie Mae, Freddie Mac, and Ginnie Mae. VMBS has a duration of 2.8 years, indicating that it is sensitive to changes in interest rates.
Investors should be aware that MBS are subject to prepayment risk, which means that borrowers may pay off their mortgages earlier than expected, resulting in lower yields for investors. Additionally, the fund's performance may be affected by changes in interest rates, economic conditions, and government policies related to the housing market.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
VMBS provides investors with exposure to the U.S. housing market and the mortgage industry, which can offer diversification benefits and potentially higher yields than other fixed-income investments. The fund has a low expense ratio of 0.06% and is designed to provide investors with a low-cost, passive investment option.
As of June 30, 2021, the fund had a total net asset value of $25.6 billion and held 1,275 different securities. The fund's top holdings include MBS issued by Fannie Mae, Freddie Mac, and Ginnie Mae. VMBS has a duration of 2.8 years, indicating that it is sensitive to changes in interest rates.
Investors should be aware that MBS are subject to prepayment risk, which means that borrowers may pay off their mortgages earlier than expected, resulting in lower yields for investors. Additionally, the fund's performance may be affected by changes in interest rates, economic conditions, and government policies related to the housing market.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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