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BlackRock US Mortgage Portfolio A BMPAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
10.57  /  0.09 %
Total Assets
301.7 Mil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Low
Longest Manager Tenure
12.05 years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.37%
Effective Duration
5.11 years

USD | NAV as of Sep 16, 2021 | 1-Day Return as of Sep 16, 2021, 9:59 PM GMT+00:00

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Morningstar’s Analysis

Will BMPAX outperform in future?

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

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BMPAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the BMPAX 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

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The Parent Pillar is our rating of BMPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This sizable team made significant portfolio adjustments during 2020.

Analyst

Summary

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BlackRock U.S. Mortgage’s well-resourced and experienced team operates in a narrow market segment compared with most multi-sector bond Morningstar Category rivals. The strategy’s cheapest share class earns a Morningstar Analyst Rating of Bronze, while its pricier share classes are rated Neutral.

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