Vanguard Mortgage-Backed Securities Index Fund Admiral Shares (VMBSX)
Vanguard Mortgage-Backed Securities Index Fund Admiral Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $17.93, up 0.22% on the session, giving a market capitalisation of $17.14B. Its beta of 1.12 implies it has historically moved more than the broad market.
This economical index fund primarily invests in pass-through securities backed by U.S. mortgages, issued by government-sponsored entities such as GNMA, FNMA, and FHLMC. Beyond standard bond market fluctuations, a notable exposure is prepayment risk; consequently, the fund's yield is prone to decrease during periods of high mortgage refinancing activity. This offering may suit investors aiming for consistent monthly income over a medium-term horizon, intending it for the fixed income segment of their investment portfolio.
Vanguard Mortgage-Backed Securities Index Fund Admiral Shares is most often compared with the following Financial Services names: