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GMNAX

$--
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1d
1w
1m

Analysis and statistics

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About

GMNAX.US represents the ticker symbol for the Schwab Strategic Trust Schwab GNMA Fund. It is a mutual fund that primarily invests in Government National Mortgage Association (GNMA or Ginnie Mae) mortgage-backed securities. These securities are backed by the full faith and credit of the U.S. government, making them generally considered to be relatively safe investments, though subject to interest rate risk and prepayment risk. The fund aims to provide current income by investing in a portfolio of these securities.
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Factors

Interest Rates: Rising rates generally decrease GMNAX's value as existing lower-yielding bonds become less attractive.

Credit Quality: Downgrades in bond ratings within GMNAX's holdings can negatively impact its price.

Inflation: Higher inflation erodes the real value of fixed income, potentially lowering GMNAX's price.

Economic Growth: Strong economic growth may lead to higher interest rates, impacting GMNAX negatively.

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