DMBS holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 3.64% at a quoted market price (level 1), one issuer country.

DMBS's largest investment is Umbs, Single Family, 30 Year at 15.14% of net assets. Umbs, Single Family, 30 Year and JPMorgan U.S. Government Money Market Fund - Class IM follow; the three together are 25.33%. Ten companies are 33.56% of the fund; the other 180 share the rest. Among the 15 mortgage-backed funds measured here, DMBS behaves like 38.8 holdings against a median of 157.5 — 4.0 times more concentrated than the median. Across 13 quarterly filings DMBS has become less concentrated: it behaved like 19.3 at 2023-06-30 and 38.8 at 2026-06-30. Between the 2026-03-31 and 2026-06-30 filings 22 positions were added and 25 dropped; 40.4% of the weight moved.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable mortgage-backed funds on this site. Nothing here is a view on the fund.

Between 2023-06-30 and 2026-06-30, DMBS went from behaving like 19.3 equally weighted positions to 38.8 — 101% more, while its top ten went from 56.03% to 33.56% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

The 15 largest of 190 positions in DMBS's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: DMBS.csv.gz.

Monthly total returns from Item B.5 of DMBS's own filings, 39 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: DMBS.json · all funds.

190 positions became 187: 22 added (40.3% of the fund at the later date), 25 dropped (33.9% at the earlier date). Half the sum of all weight changes, a turnover proxy: 40.4%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of DMBS compared this way, as a feed: changes.xml · all funds: filings received.

New: FNMA or FHLMC (12.12%), FNMA or FHLMC (4.60%), FNMA (2.33%), FHLMC Pool (2.18%), FHLMC Pool (1.90%), FHLMC Pool (1.77%). Gone: FNMA or FHLMC (7.42%), FNMA or FHLMC (4.21%), FNMA (2.05%), FNMA (2.01%), FHLMC Pool (1.66%), FNMA or FHLMC (1.60%).

3.6% of DMBS is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $705M. Notional of an interest-rate or currency swap is not equity exposure.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured mortgage-backed fund lined up by how many holdings it behaves like; these sit either side of DMBS (38.8). Same filings, same arithmetic. Position in this list says nothing about which fund is better.