Home
Guide
Picks
High Yield
Dates
Monthly
Screener
Resources
ESG
Retire
Channels
Continue to site >
Trending ETFs

GINNIE MAE FUND

mutual fund
BGNMX
Payout Change
Pending
Price as of:
$9.05 -0.07 -0.77%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
R (AGMWX) A (BGNAX) C (BGNCX) Investor (BGNMX) I (AGMHX) R5 (AGMNX)
BGNMX (Mutual Fund)

GINNIE MAE FUND

Payout Change
Pending
Price as of:
$9.05 -0.07 -0.77%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
R (AGMWX) A (BGNAX) C (BGNCX) Investor (BGNMX) I (AGMHX) R5 (AGMNX)
BGNMX (Mutual Fund)

GINNIE MAE FUND

Payout Change
Pending
Price as of:
$9.05 -0.07 -0.77%
primary theme
Intermediate-Term U.S. Treasury Bond
share class
R (AGMWX) A (BGNAX) C (BGNCX) Investor (BGNMX) I (AGMHX) R5 (AGMNX)

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GINNIE MAE FUND

BGNMX | Fund

$9.05

$398 M

3.49%

$0.32

0.55%

Vitals

YTD Return

3.0%

1 yr return

11.4%

3 Yr Avg Return

-1.9%

5 Yr Avg Return

-0.7%

Net Assets

$398 M

Holdings in Top 10

44.3%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 288.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

GINNIE MAE FUND

BGNMX | Fund

$9.05

$398 M

3.49%

$0.32

0.55%

BGNMX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.77%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    GINNIE MAE FUND
  • Fund Family Name
    American Century Investments
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    48426171
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Dan Shiffman

Fund Description

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. Unlike many other mortgage-backed securities, the timely payment of principal and interest on these certificates is guaranteed by GNMA. GNMA’s payment guarantee is stronger than most other government agencies’ because it is backed by the full faith and credit pledge of the U.S. government.
In addition, the fund may buy other U.S. government debt securities, including U.S. Treasury securities and other securities issued or guaranteed by the U.S. government and its agencies and instrumentalities. Securities issued or guaranteed by other U.S. government agencies or instrumentalities, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Bank are not guaranteed by the U.S. Treasury or supported by the full faith and credit of the U.S. government. However, these agencies or instrumentalities are authorized to borrow from the U.S. Treasury to meet their obligations.
To generate additional income, the fund may purchase securities, including mortgage dollar rolls, in advance through when-issued and forward commitment transactions. The fund may commit up to 35% of its total assets to such transactions.
The fund also may invest in derivative instruments such as options, futures contracts, options on futures contracts and swap agreements, or in mortgage- or asset-backed securities, provided that such investments are in keeping with the fund’s investment objective.
When determining whether to sell a security, the portfolio managers consider, among other things, current and anticipated changes in interest rates, current valuation relative to alternatives in the market, general market conditions and any other factors deemed relevant by the portfolio managers.
The fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. This may cause higher transaction costs and may affect performance. It may also result in the realization and distribution of capital gains.
Read More

BGNMX - Performance

Return Ranking - Trailing

Period BGNMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -3.9% 21.7% 78.76%
1 Yr 11.4% -4.4% 39.9% 46.46%
3 Yr -1.9%* -7.1% 13.1% 54.22%
5 Yr -0.7%* -5.2% 2.7% 67.14%
10 Yr 0.7%* -1.9% 3.2% 64.29%

* Annualized

Return Ranking - Calendar

Period BGNMX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -1.0% 22.1% 39.38%
2022 -13.6% -20.4% -5.8% 58.22%
2021 -3.4% -7.1% 16.6% 63.18%
2020 1.5% -1.3% 8.8% 82.24%
2019 3.3% 0.3% 7.1% 54.03%

Total Return Ranking - Trailing

Period BGNMX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% -3.9% 21.7% 78.76%
1 Yr 11.4% -4.4% 39.9% 46.46%
3 Yr -1.9%* -7.1% 13.1% 54.22%
5 Yr -0.7%* -5.2% 2.7% 67.14%
10 Yr 0.7%* -1.9% 3.2% 64.29%

* Annualized

Total Return Ranking - Calendar

Period BGNMX Return Category Return Low Category Return High Rank in Category (%)
2023 4.7% -0.5% 28.8% 30.97%
2022 -11.4% -18.5% -3.3% 37.78%
2021 -1.5% -4.5% 25.3% 46.36%
2020 3.9% -1.3% 13.0% 82.24%
2019 6.2% 1.8% 11.3% 36.49%

NAV & Total Return History

BGNMX - Holdings

Concentration Analysis

BGNMX Category Low Category High BGNMX % Rank
Net Assets 398 M 9.65 M 134 B 67.70%
Number of Holdings 177 14 12380 77.43%
Net Assets in Top 10 174 M 5.36 M 56.1 B 59.29%
Weighting of Top 10 44.28% 5.3% 99.5% 44.69%

Top 10 Holdings

  1. Ginnie Mae II Pool 2.00 5.89%
  2. Ginnie Mae II Pool 3.00 5.11%
  3. Fixed Income Clearing Corp 5.30 07/01/2024 4.87%
  4. Ginnie Mae II Pool 3.00 4.80%
  5. Ginnie Mae II Pool 3.00 4.55%
  6. G2SF 6.5 7/24 MBS 30yr 4.54%
  7. Ginnie Mae II Pool 2.50 3.94%
  8. G2SF 6 7/24 MBS 30yr 3.87%
  9. Ginnie Mae II Pool 2.50 3.78%
  10. G2SF 5.5 7/24 MBS 30yr 2.93%

Asset Allocation

Weighting Return Low Return High BGNMX % Rank
Bonds 		104.23% 0.06% 167.53% 32.74%
Other 		7.19% -21.19% 22.58% 8.85%
Cash 		0.04% -20.28% 27.92% 90.27%
Stocks 		0.00% 0.00% 95.28% 98.67%
Preferred Stocks 		0.00% 0.00% 0.12% 98.67%
Convertible Bonds 		0.00% 0.00% 3.29% 98.67%

Bond Sector Breakdown

Weighting Return Low Return High BGNMX % Rank
Securitized 		89.08% 0.00% 99.79% 18.14%
Government 		2.90% 0.00% 100.00% 81.42%
Derivative 		0.04% -18.12% 3.25% 34.96%
Cash & Equivalents 		0.04% 0.00% 27.92% 86.73%
Corporate 		0.00% 0.00% 9.48% 99.12%
Municipal 		0.00% 0.00% 5.24% 99.12%

Bond Geographic Breakdown

Weighting Return Low Return High BGNMX % Rank
US 		104.23% 0.06% 167.53% 32.74%
Non US 		0.00% 0.00% 2.20% 98.67%

BGNMX - Expenses

Operational Fees

BGNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.03% 2.85% 64.89%
Management Fee 0.54% 0.00% 0.85% 97.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BGNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 4.50% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

BGNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 288.00% 3.35% 948.00% 69.01%

BGNMX - Distributions

Dividend Yield Analysis

BGNMX Category Low Category High BGNMX % Rank
Dividend Yield 3.49% 0.00% 4.94% 50.88%

Dividend Distribution Analysis

BGNMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BGNMX Category Low Category High BGNMX % Rank
Net Income Ratio 0.77% -0.80% 2.96% 48.44%

Capital Gain Distribution Analysis

BGNMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BGNMX - Fund Manager Analysis

Managers

Dan Shiffman

Start Date

Tenure

Tenure Rank

Feb 28, 2006

16.26

16.3%

Shiffman is vice president and portfolio manager, and he joined American Century in May 2004 as a senior structured securities analyst. Prior to joining American Century, he was an investment officer at CalPERS from August 1996 to April 2004. He has a bachelor’s degree in social sciences from the University of California – Berkeley and an MBA from the Thunderbird School of Global Management. He is a CFA charterholder.

Robert Gahagan

Start Date

Tenure

Tenure Rank

Aug 01, 2006

15.84

15.8%

Mr. Gahagan, Senior Vice President and Senior Portfolio Manager, joined American Century Investments in 1983.  He became a portfolio manager in 1991. He has a bachelor’s degree in economics and an MBA from the University of Missouri – Kansas City.

Jesse Singh

Start Date

Tenure

Tenure Rank

Feb 26, 2014

8.26

8.3%

Mr. Singh, Vice President and Portfolio Manager, has served on teams managing fixed-income investments since joining the advisor in 2007 as a senior structured securities analyst. He was promoted to portfolio manager in 2011. He has a bachelor’s degree in economics from the University of California – Berkeley and an MBA from the Leonard N. Stern School of Business at New York University. He is a CFA charterholder and a member of the CFA Institute.

Peter Van Gelderen

Start Date

Tenure

Tenure Rank

Jun 05, 2021

0.99

1.0%

Mr. Van Gelderen joined Guggenheim in 2014, as Managing Director focusing on structured products and asset backed securities. Prior to joining Guggenheim, he worked as a senior portfolio manager for structured products at ADH Investment Management and Stark Investments from 2007 to 2013 in San Francisco and Milwaukee. Prior to Stark, Mr. Van Gelderen worked in whole loan transaction management at Countrywide Securities Corporation and began his career as a corporate attorney at Thelen, Reid & Priest. Mr. Van Gelderen received his J.D. from Georgetown University Law Center and B.A. in English from Duke University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

Advertisement

×

Wait! Rates are rising, is your portfolio ready?

×