The Agency Mortgage-Backed Securities (MBS) team has extensive experience analyzing the collateral within U.S. government agency and non-agency MBS markets to identify and exploit potential value opportunities. The team’s process combines top-down macro views, careful selection of security structure and extensive analysis of underlying collateral characteristics, which helps to mitigate the primary risks associated with MBS, including prepayment and extension risk. The team uses a flexible, time-tested approach to capitalize on market inefficiencies caused by limitations or constraints of other market participants, which we believe will result in attractive long-term risk-adjusted returns.

 

As of 5/31/2022. Team information may change from time to time.

There are important differences in how the strategy is carried out in each of the investment vehicles.

All investing involves risks, including a loss of principal. 

Please refer to the strategy detail page for important information on the strategy, including additional risk considerations.

 

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Please be aware that liquidity instruments may be subject to certain additional risks. Fixed-income securities are subject to the ability of an issuer to make timely principal and interest payments (credit risk), changes in interest rates (interest-rate risk), the creditworthiness of the issuer and general market liquidity (market risk). In the current rising interest-rate environment, bond prices may fall and may result in periods of volatility and increased portfolio redemptions. Longer-term securities may be more sensitive to interest rate changes. In a declining interest-rate environment, the portfolio may generate less income.

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