American Century Ginnie Mae Investor Class (BGNMX)
American Century Ginnie Mae Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in Kansas City, MO, US. The stock last traded at $8.58, up 0.35% on the session, giving a market capitalisation of $328.4M. Its beta of 1.11 implies it has historically moved more than the broad market.
Under normal market conditions, the fund invests at least 80% of its net assets in securities issued by the Government National Mortgage Association (GNMA). GNMA certificates represent interests in pools of mortgage loans and in the cash flows from these loans. To generate additional income, the fund may purchase securities, including mortgage dollar rolls, in advance through when-issued and forward commitment transactions. It may commit up to 35% of its total assets to such transactions.
American Century Ginnie Mae Investor Class is most often compared with the following Financial Services names: