This ETF offers targeted exposure to mortgage-backed pass-through securities issued by GNMA, a unique corner of the domestic fixed income market that has had its shares of ups and downs over the years. The GNMA portfolio will generally consist of bonds with strong credit ratings, though history has taught investors that these ratings are not always worth all that much. GNMA focuses on types of bonds that are often included in broad-based bond funds such as AGG or BND, so this fund might not be all that useful for those building a long-term portfolio (since it is a bit targeted). But it can certainly be very useful as a tactical tool for establishing exposure to this segment in the market for those who believe it offers superior risk adjusted returns or is poised for a period of strong performance.
GNMA tends to be tilted towards the long end of the duration spectrum, so investors will be taking on a fair amount of interest rate risk along with some moderate credit risk with this investment. There are a handful of other ETFs in the Mortgage Backed Securities ETFdb Category; investors would be wise to compare the risk and return characteristics of these products before establishing a position.
| Segment | Fixed Income: U.S. - Government, Mortgage-backed Investment Grade |
| Category | Government, Mortgage-backed |
| Focus | Investment Grade |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| GNMA | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 277 | 1403 | 2896 |
| % of Assets in Top 10 | 34.27% | 31.82% | 31.17% |
| % of Assets in Top 15 | 42.95% | 40.07% | 38.63% |
| % of Assets in Top 50 | 73.80% | 72.17% | 71.09% |
| GNMA | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 0.00% | N/A |
| Mid (>2.7B) | N/A | 1.22% | N/A |
| Small (>600M) | N/A | 4.17% | N/A |
| Micro (<600M) | N/A | 0.45% | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GNMA | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.12 | $ 0.15 | $ 0.13 |
| Dividend Date | 2023-11-01 | N/A | N/A |
| Annual Dividend Rate | $ 1.43 | $ 1.51 | $ 1.36 |
| Annual Dividend Yield | 3.34% | 3.79% | 3.15% |
View charts featuring GNMA price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -8.55 M 1 Month Net Flows: -8.55 M 3 Month Net Flows: 21.88 M 6 Month Net Flows: 33.17 M 1 Year Net Flows: -79.36 M 3 Year Net Flows: -68.51 M 5 Year Net Flows: -68.51 M 10 Year Net Flows: -68.51 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -4.98 MThe adjacent table gives investors an individual Realtime Rating for GNMA on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Mortgage Backed Securities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
GNMA does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| GNMA |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 5.10% | 4.83% | 4.80% |
| 3 Month Return | 0.10% | 0.13% | 0.05% |
| YTD Return | 1.38% | 1.59% | 1.01% |
| 1 Year Return | 0.21% | 1.29% | 0.42% |
| 3 Year Return | -3.84% | -2.43% | -3.29% |
| 5 Year Return | -0.19% | 0.20% | -0.01% |
The following charts reflect the geographic spread of GNMA's underlying holdings.
The following charts reflect the allocation of GNMA's underlying holdings.
| Asset | Percentage |
|---|---|
| Mortgage Backed Security | 93.43% |
| CASH | 6.38% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Mortgage Backed Security | 93.43% |
| CASH | 6.38% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 71.18% |
| 20 Day Volatility | 9.41% |
| 50 Day Volatility | 10.16% |
| 200 Day Volatility | 8.81% |
| Beta | 0.1 |
| Standard Deviation | 0.81% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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