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In terms of performance, Ginnie Mae funds generally had positive returns in 2008 when the stock market nosedived.
Ginnie Mae funds could expand their role in the mortgage market, according to Youngblood.
Grzymala suggests that investors who have 30% of their portfolio invested in fixed-income funds might want to invest 5% to 8% of their overall portfolio in Ginnie Mae funds.
Yields on Ginnie Mae funds are usually a bit higher than Treasury bond yields.
Ballantine notes that Ginnie Mae funds can be as liquid as money market accounts, and that many, including the Payden GNMA Fund, have check writing privileges.