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So, what are the key components? The fund typically invests in a mix of residential and commercial MBS. Residential MBS are backed by home mortgages, while commercial MBS are backed by loans on properties like apartment buildings or office complexes. This diversification is crucial because it helps to spread the risk. If one segment of the mortgage market faces challenges, the fund's overall performance can still be cushioned by the other segments. The fund's objective is to provide investors with a high level of current income, which is the interest payments generated from the underlying mortgages. It can be a good option for investors seeking regular income streams. However, as with any investment, there are risks involved that we'll explore shortly.
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