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Morningstar

BlackRock Impact Mortgage R BGBRX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 8.98  /  0.53 %
  • Total Assets 334.4 Mil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 1.110%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 100
  • Status Open
  • TTM Yield 3.11%
  • Effective Duration 6.74 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:10 PM GMT+0

Morningstar’s Analysis BGBRX

Will BGBRX 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 BGBRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BGBRX 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 BGBRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A changed mandate has narrowed this strategy’s opportunity set.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

BlackRock Impact Mortgage’s recent mandate change, which aims to prioritize a narrow sector niche, makes outperformance a challenge for this seasoned management duo.

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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BGBRX

More BGBRX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 207
  • Other Holdings 41
  • % Assets in Top 10 Holdings 67.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal Home Loan Mortgage Corporation

33.58
108,336,315
Securitized

Federal National Mortgage Association

17.11
55,211,209
Securitized

Federal National Mortgage Association

10.22
32,958,188
Securitized

Cash Offset

9.56
30,844,091
—

Federal National Mortgage Association

6.07
19,572,825
Securitized

Federal National Mortgage Association

5.99
19,324,265
Securitized

Federal National Mortgage Association

5.74
18,512,432
Securitized

Government National Mortgage Association

5.35
17,259,045
Securitized

Federal National Mortgage Association

5.30
17,088,229
Securitized

Federal National Mortgage Association

5.21
16,801,119
Securitized