Highlights

  • GNMA seeks exposure to mortgage-backed securities issued by the Government National Mortgage Association.
  • The fund reports NAV of USD 42.84 as of 2 November 2026.
  • GNMA lists gross expenses of 0.11%, net expenses of 0.10% and monthly distributions.

iShares GNMA Bond ETF (Nasdaq:GNMA) seeks to track mortgage-backed securities issued by the Government National Mortgage Association. Its NAV stood at USD 42.84 as of 2 November 2026. Net Assets totalled USD 430,530,755 as of 2 November 2026.

GNMA Mortgage Pools Form the Core

GNMA tracks the Bloomberg U.S. GNMA Bond Index. The benchmark follows fixed-rate mortgage-backed pass-through securities issued by GNMA. Its mortgage pools fall within the index’s Maturity and size rules. The strategy provides exposure to mortgage cash flows, with principal repayment patterns forming an important distinction from conventional corporate bonds.

The fund uses representative sampling, selecting investments intended to resemble the benchmark’s overall characteristics. It may therefore hold a different collection of securities from the index while seeking a similar Investment profile.

Portfolio Composition and Exposure

GNMA reported 362 holdings as of 30 October 2026. Its allocation by Market Value included Agency Fixed Rate at 99.52% and Cash and/or Derivatives at 0.48% as of 30 October 2026.

The portfolio’s effective duration was 5.89 yrs as of 30 October 2026. Weighted average maturity was 7.62 yrs as of 30 October 2026.

Duration measures sensitivity to Interest Rate changes. Maturity describes the timing of principal repayments, while cash-flow patterns and embedded Options can make the two measures differ. These characteristics describe the bond portfolio rather than a fixed outcome for shareholders.

The fact sheet dated 30 September 2026 recorded Credit allocations including AA Rated at 99.50%. These classifications describe underlying securities at that date; ratings and portfolio credit quality can change.

Fees and Distribution Policy

The published gross expense ratio is 0.11%, compared with a net expense ratio of 0.10% after fee waivers. The management fee is 0.10%. Distributions are scheduled monthly.

The 30-day SEC Yield was 4.51% as of 30 October 2026. This standardised income measure reflects the fund’s recent income after expenses; it is separate from changes in the market value of its shares.

The prospectus notes that brokerage commissions and other intermediary charges may apply separately. Fund shares trade at market prices, which can differ from NAV, so the stated NAV does not establish the price of every exchange transaction.

Key Insights

Mortgage borrowers may repay earlier or later than expected. Those changes can alter reinvestment needs and effective maturity, while interest rate movements can affect the value of the securities and the fund.