The investment seeks a high level of current income consistent with liquidity and safety of principal through investment primarily in Government National Mortgage Association ("GNMA") mortgage-backed ...
Franklin U.S. Government Securities Fund's underweight allocation to GNMA II 5.5% and overweight GNMA II 2.5% coupons ...
The Voya GNMA Income Fund modestly underperformed its benchmark, the Bloomberg GNMA Index, on a net asset value basis. The yield curve bull steepened with the 10-year rate down 8 bp on the quarter.
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