(SPMB) Portfolio Mortgage Backed - NYSE
ETF Category: Government Mortgage-Backed Bond | Exchange: NYSE (USA) | Market Cap: 7.013m USD | Total Return: 6.2% in 12m
Avg Turnover: 26.9M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
SPMB is an exchange-traded fund designed to track the performance of the U.S. agency mortgage pass-through segment of the investment-grade bond market. The fund allocates at least 80% of its assets to securities within its underlying index or those with nearly identical economic characteristics. These assets primarily consist of residential mortgage-backed securities (MBS) issued by government-sponsored entities such as Ginnie Mae, Fannie Mae, and Freddie Mac.
The business model relies on the cash flows generated by pools of residential mortgages, where principal and interest payments are passed through to bondholders. Because these securities carry the implicit or explicit guarantee of the U.S. government, they typically offer higher yields than Treasury bonds while maintaining a low profile of credit risk. Investors often use this asset class to gain exposure to the housing markets debt obligations with reduced volatility compared to equities.
For a deeper look into how these fixed-income metrics align with your portfolio goals, you can explore the data further on ValueRay.
- Federal Reserve interest rate policy shifts impact underlying bond valuations
- Mortgage prepayment rates fluctuate based on prevailing national refinancing activity
- Agency mortgage-backed security spreads widen or tighten relative to Treasuries
- US housing market volume drives new issuance of agency pass-through securities
As of June 20, 2026, the stock is trading at USD 22.29 with a total of 1,179,379 shares traded.
Over the past week, the price has changed by -0.04%,
over one month by +1.82%,
over three months by +0.45% and
over the past year by +6.24%.
Portfolio Mortgage Backed has no consensus analysts rating.