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Morningstar

BlackRock GNMA Inv C BGPCX

Morningstar Analyst Rating
Analyst rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 8.05  /  0.12 %
  • Total Assets 367.2 Mil
  • Adj. Expense Ratio
    1.490%
  • Expense Ratio 1.550%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.64%
  • Effective Duration 6.99 years

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 11:40 PM GMT+00:00

Morningstar’s Analysis BGPCX

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

People Pillar

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

Veteran managers fail to demonstrate a sustainable edge in a tough category for outperformance.

Senior Analyst

Summary

| by R.J. D'Ancona

BlackRock GNMA boasts a seasoned and well-resourced team, 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 its cheaper share class offerings, while its priciest option earns a Negative rating.

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