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.
BlackRock GNMA Inv A BGPAX
- NAV / 1-Day Return 7.70 / +0.53 %
- Total Assets 291.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.130%
- 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 3.23%
- Effective Duration 5.53 years
USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:14 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings −0.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Cash Offset | 27.66 | 83.5 Mil | — |
Government National Mortgage Association | 13.40 | 40.5 Mil | Securitized |
United States Treasury Bills | 11.24 | 34.0 Mil | Government |
Government National Mortgage Association | 9.66 | 29.2 Mil | Securitized |
United States Treasury Bills | 8.48 | 25.6 Mil | Government |
Government National Mortgage Association | 5.36 | 16.2 Mil | Securitized |
Government National Mortgage Association | 4.18 | 12.6 Mil | Securitized |
Government National Mortgage Association | 3.88 | 11.7 Mil | Securitized |
Government National Mortgage Association | 3.73 | 11.3 Mil | Securitized |
Government National Mortgage Association | 3.37 | 10.2 Mil | Securitized |