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BlackRock GNMA Instl BGNIX

Analyst rating as of
NAV / 1-Day Return
9.47  /  0.34 %
Total Assets
651.3 Mil
Adj. Expense Ratio
0.480%
Expense Ratio
0.480%
Fee Level
Below Average
Longest Manager Tenure
11.16 years
Category
Intermediate Government
Credit Quality / Interest Rate Sensitivity
High / Limited
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
3.00%
Effective Duration
1.15 years
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Morningstar’s Analysis

Will BGNIX outperform in future?

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

GNMA-focused strategies face tough competition.

Analyst

Summary

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BlackRock GNMA boasts a well-resourced team and a thorough process, but its investment niche within the intermediate government Morningstar Category has attracted compelling low-cost passive alternatives for government mortgage exposure in recent years. This eroded edge underpins a downgrade of its Process rating to Average, and it receives a Morningstar Analyst Rating of Neutral across all share classes.

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