s, a premium that reflects both risk and potential for capital appreciation if rates decline. Non-agency MBS, particularly in the prime and non-QM segmen

It appears there are no ETFs in the market that are specifically categorized as Non-Agency RMBS, Prime, or Non-QM. However, based on the relevant information, we can infer the following:

1. **Non-Agency RMBS Market Overview**: Non-agency residential mortgage-backed securities (RMBS) are a significant market segment, comprising over $1.7 trillion in outstanding securities. These securities are issued by private entities and do not carry a government guarantee, exposing investors to default risk.
2. **Investment Considerations**: Investing in non-agency RMBS requires an active and research-driven approach due to the heterogeneous nature of the assets. They offer higher yields compared to agency RMBS, primarily due to the default risk investors assume.
3. **Market Participants**: Professionals like Mr. Shinoda, who specializes in non-agency RMBS and mortgage-related opportunities, play a crucial role in this market. His experience includes managing strategies focused on total return, income, and MBS opportunities, indicating the complexity and potential returns of this segment.

In conclusion, while no direct matches were found for ETFs labeled as Non-Agency RMBS, Prime, or Non-QM, the broader non-agency RMBS market is substantial and diverse, offering both risks and potential returns. Investors interested in this segment would need to engage in thorough research and consider the higher risk associated with non-agency securities in pursuit of potentially higher yields.