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Morningstar

BlackRock GNMA K BBGPX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 7.91  /  0.01 %
  • Total Assets 353.9 Mil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 3.07%
  • Effective Duration 6.93 years

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 10:23 PM GMT+0

Morningstar’s Analysis BBGPX

Will BBGPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BBGPX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BBGPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of BBGPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A well-resourced team struggles to find an edge in a competitive peer group.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

BlackRock GNMA’s team is experienced and deep, but the strategy’s approach does not distinguish itself in the competitive intermediate government Morningstar Category. It earns a Morningstar Analyst Rating of Neutral across all share classes.

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BBGPX

More BBGPX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 368
  • Other Holdings 48
  • % Assets in Top 10 Holdings 53.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association

14.45
51,479,573
Securitized

Government National Mortgage Association

11.17
39,800,988
Securitized

Government National Mortgage Association

10.95
39,001,527
Securitized

Government National Mortgage Association

9.18
32,711,487
Securitized

Cash Offset

7.98
28,430,780
—

Government National Mortgage Association

6.70
23,863,803
Securitized

Government National Mortgage Association

6.27
22,342,494
Securitized

Us 2Yr Note Jun 23

5.27
18,775,148
Government

Government National Mortgage Association

5.02
17,894,703
Securitized

Us 2Yr Note Jun 23

4.05
14,442,422
Government