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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +0.5% | ▲ +2.6% | ▼ −1.7% | ▼ −1.8% | ▼ −1.5% | — | — | ▲ +4.0% |
| Peer average | ▲ +0.3% | ▲ +1.1% | ▼ −3.1% | ▼ −3.6% | ▼ −2.9% | ▲ +17.6% | ▼ −7.6% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-11-03. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE 6.00% 12/15/2054 | Reported holding | 16.13% |
| FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE 5.00% 12/10/2056 | Reported holding | 14.27% |
| FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE 2.50% 11/12/2056 | Reported holding | 5.96% |
| FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE 4.50% 12/10/2056 | Reported holding | 4.22% |
| FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE 2.00% 11/12/2056 | Reported holding | 3.72% |
| GNMA II POOL MA7649 G2 10/51 FIXED 2.5 2.50% 10/20/2051 | Reported holding | 3.63% |
| GNMA II POOL MB0742 G2 11/55 FIXED 3.5 3.50% 11/20/2055 | Reported holding | 3.36% |
| GNMA II POOL 788898 G2 09/56 FIXED 6.5 6.50% 09/20/2056 | Reported holding | 3.24% |
| FED HM LN PC POOL RJ6011 FR 03/56 FIXED 5 5.00% 03/01/2056 | Reported holding | 3.21% |
| GNMA II TBA 30 YR 5.5 JUMBOS 5.50% 12/17/2056 | Reported holding | 3.05% |
| FNMA TBA 30 YR 5.5 SINGLE FAMILY MORTGAGE 5.50% 12/15/2054 | Reported holding | 2.75% |
| FNMA TBA 30 YR 3 SINGLE FAMILY MORTGAGE 3.00% 12/10/2056 | Reported holding | 2.74% |
| US DOLLAR | Reported holding | 2.53% |
| FNMA TBA 15 YR 5.5 SINGLE FAMILY MORTGAGE 5.50% 12/15/2039 | Reported holding | 2.48% |
| FNMA TBA 15 YR 6 SINGLE FAMILY MORTGAGE 6.00% 12/15/2039 | Reported holding | 2.42% |
| GNMA II TBA 30 YR 2 JUMBOS 2.00% 12/17/2056 | Reported holding | 1.93% |
| GNMA II TBA 30 YR 4 JUMBOS 4.00% 11/19/2056 | Reported holding | 1.71% |
| GNMA II TBA 30 YR 3.5 JUMBOS 3.50% 11/19/2056 | Reported holding | 1.70% |
| FED HM LN PC POOL SD6477 FR 09/54 FIXED 5.5 5.50% 09/01/2054 | Reported holding | 1.69% |
| FNMA TBA 15 YR 5 SINGLE FAMILY MORTGAGE 5.00% 12/15/2039 | Reported holding | 1.68% |
| FREDDIE MAC FHR 5648 CF 4.89% 03/25/2055 | Reported holding | 1.59% |
| GNMA II TBA 30 YR 6 JUMBOS 6.00% 12/15/2054 | Reported holding | 1.53% |
| FED HM LN PC POOL QJ8794 FR 11/54 FIXED 5 5.00% 11/01/2054 | Reported holding | 1.27% |
| FREDDIE MAC FHR 5565 FB 4.84% 08/25/2055 | Reported holding | 1.26% |
| FNMA POOL FA4949 FN 01/52 FIXED VAR 3.00% 01/01/2052 | Reported holding | 1.26% |
| GNMA II TBA 30 YR 5.5 JUMBOS 5.50% 11/19/2056 | Reported holding | 1.25% |
| FED HM LN PC POOL QX7601 FR 02/55 FIXED 5 5.00% 02/01/2055 | Reported holding | 1.19% |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2025 116 QF 5.22% 07/20/2055 | Reported holding | 1.15% |
| FNMA POOL MA6173 FN 09/56 FIXED 4 4.00% 09/01/2056 | Reported holding | 1.13% |
| GNMA II POOL MA7937 G2 03/52 FIXED 3 3.00% 03/20/2052 | Reported holding | 1.11% |
Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.
PMBS actively invests in a wide range of mortgage-related securities, aiming to generate consistent returns across market cycles. The portfolio will contain securities of varying maturities, with duration typically will range from 1 to 7 years. Up to 15 percent of the portfolio may be invested in high yield securities or unrated securities. The fund can invest without limitations in derivatives such as options, futures, and swaps. Additionally, up to 20 percent of assets may be allocated to certain complex mortgage-related securities such as interest only, principle only, or inverse floaters, and another 10% in equity instruments such as preferred securities. The Fund can also engage in short sales, buy/sell on a when-issued basis, and use various tactical investment techniques to gain market exposure. Prior to the ETF launch, the strategy was available in a mutual fund structure which started in July 1997. The fund brought over $98.2 million at the time of conversion.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2026-11-02 | 2026-11-04 | $0.19 |
| 2026-10-01 | 2026-10-05 | $0.18 |
| 2026-09-01 | 2026-09-03 | $0.18 |
| 2026-08-03 | 2026-08-05 | $0.18 |
| 2026-07-01 | 2026-07-06 | $0.18 |
| 2026-06-01 | 2026-06-03 | $0.19 |
| 2026-05-01 | 2026-05-05 | $0.19 |
| 2026-04-01 | 2026-04-03 | $0.20 |
| 2026-03-02 | 2026-03-04 | $0.20 |
| 2026-02-04 | 2026-02-06 | $0.20 |
| 2025-12-31 | 2026-01-05 | $0.20 |
| 2025-12-01 | 2025-12-03 | $0.20 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind PMBS.