What is SPMB?

SPMB tracks an index of US agency mortgage pass-through debt.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPMB 2.65% 2.58% 3.62% -4.28% -2.42% 0.35% 0.96%
SPMB (NAV) 2.39% 2.51% 3.50% -4.43% -2.77% 0.34% 0.92%
Bloomberg U.S. MBS Index 2.41% 2.55% 3.38% -4.44% -2.79% 0.45% 1.10%
Bloomberg U.S. MBS Index 2.41% 2.55% 3.38% -4.44% -2.79% 0.45% 1.10%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPMB Factset Analytics Insight

SPMB delivers excellent coverage of US agency mortgage pass-through debt. The fund holds bonds backed by pools of mortgages held by Fannie Mae, Freddie Mac and Ginnie Mae. The underlying index is formed by grouping securities based on agency, program, coupon and origination year. Most mortgage pass-through securities occur through TBA transactions, as such the fund will hold such contracts on a regular basis. To be included in the index securities must meet minimum maturity and liquidity requirements. SPMB is heavily weighted toward the 10+ year market segment. The fund uses a sampling strategy, which means the fund may not purchase all of the securities in the underlying index. However, the fund portfolio is expected to generally provide a similar investment profile. In all, however, SPMB covers this niche market in a very viable package. Prior to September 23, 2019 the fund traded under the ticker MBG.

SPMB Summary Data

01/15/09
0.04%
$4.20B
Bloomberg U.S. MBS Index
Bloomberg U.S. MBS Index
Open-Ended Fund

Peers

Bloomberg U.S. MBS Index

Fund Flows

+$0.02B 5 Days
+$0.06B 30 Days
+$0.22B 90 Days

SPMB Portfolio Data

5.80
--
4.67%
N/A
--

SPMB Index Data

Bloomberg U.S. MBS Index
Market Value
Market Value
Bloomberg U.S. MBS Index

SPMB Portfolio Management

0.04%
-0.21%
0.04%
-0.61%

SPMB Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

SPMB Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of SPMB. SPMB is rated a N/A out of 5.

SPMB Tradability

1,205,344
$26.68M
1,057,552
$23.61M
0.05%
$0.01
-0.04%
0.21% / -0.57%
None
100.00%
100,000
10.58
0.01%
--
209
$22.35
N/A

SPMB Sector/Industry Breakdown

SPMB Segment
Benchmark
91.81% --
7.68% --
0.52% --

SPMB Top 10 Holdings

4.55%
1.02%
0.90%
0.87%
0.79%
0.76%
0.76%
0.76%
0.65%
0.63%
11.69%

SPMB Performance Statistics

1.00
1.00
--
--
--

SPMB Top 5 Countries

SPMB Segment
Benchmark
100.00% --

SPMB Top 5 Currencies

SPMB Segment
Benchmark
100.00% --

SPMB Avg Life Maturity Distribution

0.03%
0.47%
0.59%
6.43%
12.33%
66.20%
13.95%
--
--

SPMB OAS Breakdown

99.50%
0.50%
--
--
--
--
--
--
--
--
--

SPMB Holdings Statistics

8.38 years
5.80
4.67%
5.70
--
--
0.52%