Closed-end funds that invest in mortgage bonds
4 of the 361 U.S. closed-end funds we cover invest in mortgage bonds.
They are run by 4 firms; the largest are First Trust (1), Nuveen (1) and PIMCO (1).
At 1 of them a large investor is pushing for changes.
Yearly costs run from 1.4% to 7.9%.
4 funds
Sort by: name · yearly cost · borrowing · size
- FMY - First Trust Mortgage Income Fund
Run by First Trust. Invests in mortgage bonds. Costs 1.4% a year. Borrows 10%. - JLS - Nuveen Mortgage & Income Fund
Run by Nuveen. Invests in mortgage bonds. Costs 3.1% a year. Borrows 5%. - PCM - PCM Fund
Run by PIMCO. Invests in mortgage bonds. Costs 4.1% a year. Borrows 34%. - DMO - Western Asset Mortgage Opportunity Fund
Run by Western Asset. Invests in mortgage bonds. Costs 7.9% a year. Borrows 47%.
Details: the same funds as a table
| Fund | Yearly cost | Borrowing | Size |
|---|---|---|---|
| FMY - First Trust Mortgage Income Fund | 1.4% | 10% | $53.3 million |
| JLS - Nuveen Mortgage & Income Fund | 3.1% | 5% | $103 million |
| PCM - PCM Fund | 4.1% | 34% | $69.2 million |
| DMO - Western Asset Mortgage Opportunity Fund | 7.9% | 47% | $129 million |