Mortgage Bonds at Heart of Crisis Dwindle in Supply as New Breeds Take Root

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ARM: Adjustable-rate mortgage. 

CRT: Credit risk transfer.

NPL: Non-performing loan. 

QM: Qualified mortgage. 

RPL: Reperforming loan.

SFR: Single-family rental.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

As of 6/30/19, no securities mentioned within the segment were held by our Funds.