BGNMX

About BGNMX

The American Century Ginnie Mae Fund Investor Class is a fixed-income mutual fund that focuses on providing high current income while preserving liquidity and the safety of principal. The fund achieves its objectives by primarily investing in mortgage-backed securities issued by the Government National Mortgage Association (GNMA), also known as Ginnie Mae, which are fully backed by the U.S. government. This backing helps minimize credit risk, making the fund attractive to investors seeking stable returns with lower default risk. The fund invests at least 80% of its assets in GNMA certificates, which represent interests in pools of residential mortgage loans and their cash flows. It may also utilize investment strategies such as when-issued and forward commitment transactions to enhance yield, though it typically maintains a moderate sensitivity to interest rates with an effective duration of around 5.6 years. Categorized within the intermediate government bond sector, the fund serves as a core fixed-income holding for investors needing reliable income and principal preservation. The American Century Ginnie Mae Fund Investor Class is managed by American Century Investment Management, established in 1985, and continues to play a significant role in offering conservative, government-backed exposure within the broader bond market.