The investment seeks maximum total return, consistent with preservation of capital and prudent investment management. The fund invests at least 80% of assets in a diversified portfolio of mortgage-related Fixed Income Instruments of varying maturities (such as mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities and mortgage dollar rolls), which may be represented by forwards or derivatives such as options, futures contracts or swap agreements. It may invest, without limitation, in derivative instruments, such as options, futures contracts or swap agreements, or in mortgage- or asset-backed securities.
Fund filings (PDF) »

Asset managers:
Daniel Hyman (Started: Jul 31, 2012)
Michael Cudzil (Started: Jan 25, 2013)

Advisor Company:
Pacific Investment Management Co LLC
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	1.01	1.11	2.50	1.37
Beta*	0.68	0.60	0.56	0.67
Mean annual return	0.14	0.32	0.47	0.42
R-squared*	84.71	70.89	38.74	59.96
Standard deviation	2.01	1.94	3.23	3.06
Sharpe ratio	0.79	1.94	1.65	1.06
* Against standard index

Risk measurement details »

Security	Net Assets
Fannie Mae Single Family TBA 3% 2043-04-01	8.17%
Freddie Mac Gold Single Family TBA 4% 2043-04-01	4.73%
Fannie Mae Single Family TBA 3.5% 2043-04-01	4.53%
Mortgage Equ Conv Tr 2007-Ff3 FRN	4.00%
Ginnie Mae Single Family TBA 5% 2043-05-01	3.58%
Fannie Mae Single Family TBA 5% 2043-04-01	3.56%
Ginnie Mae Single Family TBA 3.5% 2043-05-01	3.42%
Fannie Mae Single Family TBA 4% 2043-05-01	3.29%
FNMA 4.5%	3.29%
Fannie Mae Single Family TBA 3% 2028-05-01	2.84%

Holdings Performance »