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Morningstar

BlackRock GNMA Instl BGNIX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 7.76  /  0.38 %
  • Total Assets 317.4 Mil
  • Adj. Expense Ratio
    0.420%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 3.40%
  • Effective Duration 6.75 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:11 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.

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 BGNIX

More BGNIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 325
  • Other Holdings 34
  • % Assets in Top 10 Holdings 15.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

17.35
52,328,939
—

Government National Mortgage Association

15.52
46,808,610
Securitized

Government National Mortgage Association

10.98
33,118,857
Securitized

Government National Mortgage Association

10.91
32,915,840
Securitized

United States Treasury Bills

10.78
32,528,227
Government

United States Treasury Bills

8.25
24,889,150
Government

United States Treasury Bills

6.50
19,592,357
Government

Government National Mortgage Association

5.17
15,606,356
Securitized

Government National Mortgage Association

4.94
14,902,550
Securitized

Government National Mortgage Association

4.25
12,830,030
Securitized