FRAHNX

About FRAHNX

GNMA Reinvestment Income Trust, 119 is a unit investment trust designed to provide investors with monthly distributions of interest income by holding a portfolio of mortgage-backed securities issued by the Government National Mortgage Association, commonly known as Ginnie Mae. The primary objective of this trust is to generate consistent income, leveraging the underlying securities' direct guarantee of principal and interest payments by the U.S. government, which enhances credit quality and investor confidence. The trust typically has a defined weighted average maturity, in this case approximately 6.1 years, and operates under a regulated investment company tax structure. By focusing exclusively on Ginnie Mae securities, GNMA Reinvestment Income Trust, 119 plays a key role in the fixed-income market, offering investors exposure to government-backed mortgage pools and addressing the needs of those seeking steady income with relatively lower credit risk. The trust aims to balance income generation and capital preservation, making it a notable instrument within the broader market for mortgage-backed securities and fixed-income investment solutions.