The investment seeks to produce a high level of income. The fund invests at least 80% of net assets, plus the amount of any borrowings for investment purposes, in "Ginnie Maes," which are mortgage-backed securities that are issued or guaranteed by the Government National Mortgage Association (GNMA). It may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including US government agency mortgage-backed to-be-announced securities (TBAs). The fund may sell the forward commitment securities before the settlement date or enter into new commitments to extend the delivery date into the future.
Fund filings (PDF) »
William Chepolis (Started: Apr 5, 2002)
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DWS Investments Services, P.O. Box 219151, Kansas City, MO 64121-9151, USA