Mortgage-Backed Securities. MBS holdings will generally involve government agency or government sponsored agency (FNMA and FHLMC) collateral. No more than 15% of MBS investments will be backed by non-agency collateral. Any non-agency MBS securities must be rated AA or AAA by one of the major rating agencies.
Appears in 2 contracts
Samples: Investment Management Agreement (Americo Life Inc), Investment Management Agreement (Americo Life Inc)
Mortgage-Backed Securities. MBS holdings will generally involve government agency or government sponsored agency (FNMA and FHLMC) collateral, or AAA rated collateral. No more than 1520% of MBS investments the total portfolio will be backed by non-agency collateral. Any non-agency MBS securities must be rated AA or AAA by one of the major rating agencies.
Appears in 1 contract
Samples: Automatic Coinsurance Reinsurance Agreement (Americo Life Inc)
Mortgage-Backed Securities. MBS holdings will generally involve government agency or agency, government sponsored agency (FNMA and FHLMC) ), or AAA rated collateral. No more than 1520% of MBS investments the total portfolio will be backed by non-agency collateral. Any non-agency MBS securities must be rated AA or AAA by one of the major rating agencies.
Appears in 1 contract
Samples: Automatic Coinsurance Reinsurance Agreement (Americo Life Inc)
