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GPGAX
AS OF
May 6 closing price
Price
$12.41
Change
-$0.00 (-0.00%)
Net Assets
176.5M
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U.S. 30-year mortgage rates rise: Freddie Mac
Interest rates on U.S. 30-year fixed-rate mortgages moved higher from their lowest in over 14 months as bond yields have risen this week on encouraging economic data and optimism on a trade deal between China and the United States, Freddie Mac said.
Thirty-year mortgage rates averaged 4.08% in the week ended April, up from the prior week’s 4.06%, which was the lowest level since Jan. 18, 2018, the mortgage finance agency said.
Related Ticker: GPGAX
Industry description
The investment seeks to maximize total return, consisting of capital appreciation and current income.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. mortgage-related securities. It will invest at least 65% of its net assets in Ginnie Maes. The fund can invest in privately issued mortgage-backed securities with a "BBB" or higher credit quality, but currently the advisor intends to invest in only those securities with an "A" or higher credit quality. It is not subject to any maturity or duration restrictions.
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A.I.Advisor
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A.I. Advisor
published General Information
General Information
Category IntermediateGovernment
Profile
Fundamentals
Details
Category
Intermediate Government
Address
Dreyfus Premier Gnma Fund Inc200 Park AveNew York
Phone
212-922-6850
Web
www.dreyfus.com