Target Mortgage Backed Securities Portfolio Fund Class T

 (MUTF:TGMBX)   Watch this mutual fund  
Find more results for MUTF:TGMBX

Performance

Trailing returns

1 day
   
-0.09%  
1 week
   
-0.18%  
4 week   +1.06%
   
3 month   +1.25%
   
YTD   +5.59%
   
1 year   +3.96%
   
3 years*   +2.68%
   
5 years*   +5.14%
   
*annualized
Best 3 month return+6.29%  
Worst 3 month return-3.58%  

Morningstar statistics

Morningstar category: Intermediate Government
  Return Risk Rating
3 years Above Average Average
5 years High Average
10 years High Above Average
Overall High Above Average

Key statistics

Total assets44.22M 
Front load-  
Deferred load-  
Expense ratio0.99%  
Management fee-  
Fund familyTarget Program 

Asset allocation

Cash39.54%  
Stocks0.00%  
Bonds60.46%  
Other0.00%  

Purchase information

Initial$0  
10.85-0.01(-0.09%)
Oct 23, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks high current income with a secondary investment objective of capital appreciation, each to the extent consistent with protection of capital. The fund normally invests at least 80% of its investable assets in mortgage-backed debt securities. These securities will usually be mortgage-related securities issued or guaranteed by U.S. government agencies. It may invest up to 25% of its total assets in privately issued mortgage-related securities (which are not guaranteed by the U.S. government). The fund may also invest in asset-backed securities like automobile loans and credit card receivables.
Fund filings (PDF) »
Asset manager:
Michael Garrett (Started: Feb 25, 2010)
Advisor Company:
Prudential Investments LLC
Fund family reports on Morningstar »
Target Program, One Seaport Plaza, New York, NY 10292, United States

Risk

  1 year 3 years 5 years 10 years  
Alpha* -0.34 0.06 1.47 1.35
Beta* 1.09 0.85 0.88 0.67
Mean annual return 0.33 0.18 0.42 0.41
R-squared* 93.18 79.18 75.52 48.63
Standard deviation 2.91 2.55 2.86 3.07
Sharpe ratio 1.33 0.82 1.74 1.07
* Against standard index

Top 10 holdings

Security Net Assets  
FNMA 12.91%  
FNMA 11.15%  
FNMA 3.54%  
GNMA 2.85%  
FHLMC 3% 2.79%  
FHLMC 4% 2.40%  
Govt Natl Mtg Asso 3.5% 2.09%  
FHLMC 2.02%  
FNMA 1.92%  
FNMA 1.88%