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Morningstar

BlackRock GNMA Inv A BGPAX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 7.59  /  0.12 %
  • Total Assets 315.5 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.800%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.93%
  • Effective Duration 6.16 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:16 PM GMT+0

Morningstar’s Analysis BGPAX

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

People Pillar

The People Pillar is our evaluation of the BGPAX 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 BGPAX’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 BGPAX

More BGPAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 327
  • Other Holdings 37
  • % Assets in Top 10 Holdings 14.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

18.64
61,018,642
—

Government National Mortgage Association

16.55
54,186,297
Securitized

Government National Mortgage Association

14.08
46,110,142
Securitized

Government National Mortgage Association

11.01
36,055,413
Securitized

United States Treasury Bills

9.86
32,280,318
Government

United States Treasury Bills

9.86
32,270,496
Government

Government National Mortgage Association

6.96
22,786,389
Securitized

United States Treasury Bills

6.58
21,552,057
Government

Government National Mortgage Association

4.02
13,150,172
Securitized

Government National Mortgage Association

3.77
12,327,641
Securitized