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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 8.80  /  +0.13 %
  • Total Assets 301.3 Mil
  • Adj. Expense Ratio
    0.960%
  • Expense Ratio 2.090%
  • 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 2.97%
  • Effective Duration 5.70 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:10 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 51.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association

10.92 34.3 Mil
Securitized

Federal Home Loan Mortgage Corp.

7.76 24.4 Mil
Securitized

Fnma Pass-Thru I

7.73 24.3 Mil
Securitized

Cash Offset

7.59 23.9 Mil
—

Fnma Pass-Thru I

6.51 20.5 Mil
Securitized

Fnma Pass-Thru I

6.48 20.4 Mil
Securitized

Fnma Pass-Thru I

6.34 19.9 Mil
Securitized

Federal Home Loan Mortgage Corp.

6.25 19.7 Mil
Securitized

Fnma Pass-Thru I

5.61 17.6 Mil
Securitized

Federal National Mortgage Association

5.57 17.5 Mil
Securitized