PPGNX

About PPGNX

PIMCO GNMA and Government Securities Fund Class I-2 is an open-end mutual fund specializing in U.S. government-backed fixed income securities. Its primary focus is investing in a diversified portfolio of mortgage-backed securities issued by the Government National Mortgage Association (GNMA), alongside other securities issued or backed by U.S. government agencies. The fund targets the intermediate government bond segment, typically holding bonds with durations between 3.5 and 6.0 years, aiming to minimize credit risk by emphasizing securities with explicit or implicit government guarantees. With hundreds of positions and monthly income distributions, the fund is designed to provide steady income and capital preservation, appealing to investors seeking exposure to the U.S. mortgage and government securities markets. Managed by PIMCO, the fund has been active since 2008 and is noted for its substantial asset base, above-average performance ratings, and significant monthly dividend yield relative to its category. It plays a key role in fixed income strategies for portfolios requiring high credit quality and government-backed risk exposure.