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FGMNX

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.2666$
  • Previous Close
    10.2666$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FGMNX.US refers to Fidelity GNMA Fund. It is a mutual fund offered by Fidelity Investments that primarily invests in mortgage-backed securities guaranteed by the Government National Mortgage Association (GNMA, or Ginnie Mae). The fund aims to provide current income by investing in a portfolio of these GNMA-backed securities, which are generally considered to be of high credit quality due to the government guarantee. Investors seeking exposure to the mortgage-backed securities market and a relatively stable income stream may consider this fund.
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Factors

Interest Rates: Rising rates generally decrease FGMNX's value, as existing lower-yielding mortgages become less attractive.

Mortgage-Backed Securities (MBS) Market: Changes in MBS prices directly impact FGMNX, as it primarily invests in these securities.

Prepayment Rates: Faster mortgage prepayments can reduce FGMNX's income stream, impacting its value.

Economic Conditions: A strong economy can lead to higher interest rates and prepayment rates, negatively affecting FGMNX.

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