PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund

PMBS

Valor de mercado US$ 1,39 bi

Agency MBS are backed by Fannie Mae, Freddie Mac, or Ginnie Mae; if an underlying residential borrower defaults, the agency repurchases the loan at par value, insulating holders from direct loss. Newly minted agency mortgages carry a 6.0% production coupon up from 5.5% earlier this year. We look at several options yielding 4.3% to 15% to invest in agency mortgages.

Agency mortgage-backed securities (MBS) are quietly coming off their best year since 2002 — climbing over 8.5%. So far, the macroeconomic backdrop of 2026 suggests last year's rally was far from a fluke.