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Morningstar

BlackRock GNMA Instl BGNIX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 7.65  /  +0.01 %
  • Total Assets 291.8 Mil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.880%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 3.47%
  • Effective Duration 5.50 years

USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:10 PM GMT+0

Morningstar’s Analysis BGNIX

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

  • People Pillar

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

Occasional hiccups have made it difficult for this strategy to keep up in recent years.

Director Eric Jacobson

Eric Jacobson

Director

Summary

Veteran Matthew Kraeger comanages BlackRock GNMA with Siddharth Mehta. Kraeger has been in his role since 2010 and helps lead BlackRock's broad mortgage team. Mehta is a securitized specialist who has collaborated with Kraeger on this strategy since 2011 and joined its leadership ranks in 2017. The duo taps into a 30-strong securitized credit team, a large 12-member group specializing in agency mortgage-backed securities, and large groups dedicated to macroeconomic research rates and currencies as well as data and analytics.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings BGNIX

More BGNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

19.98 60.4 Mil
—

Government National Mortgage Association

14.53 44.0 Mil
Securitized

United States Treasury Bills

13.97 42.3 Mil
Government

Government National Mortgage Association

9.71 29.4 Mil
Securitized

Government National Mortgage Association

5.33 16.1 Mil
Securitized

Government National Mortgage Association

4.47 13.5 Mil
Securitized

Government National Mortgage Association

4.17 12.6 Mil
Securitized

Government National Mortgage Association

3.77 11.4 Mil
Securitized

Government National Mortgage Association

3.47 10.5 Mil
Securitized

Government National Mortgage Association

3.36 10.2 Mil
Securitized