Recent adjustments to the leadership and process behind BlackRock U.S. Mortgage Portfolio indicate that this mortgage-focused offering may take more credit risk than it has previously, resulting in a downgrade of its Process rating to Average as the team builds a record with its new aims in place. The strategy’s cheapest share classes earn a Morningstar Analyst Rating of Neutral, while its most expensive share class is rated Negative.
BlackRock US Mortgage Portfolio A BMPAX
NAV / 1-Day Return
10.42
/
0.02
%
Total Assets
276.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.700%
Expense Ratio
0.930%
Fee Level
Low
Longest Manager Tenure
11.52
years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
1,000
Status
Open
TTM Yield
2.91%
Effective Duration
2.38
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BMPAX 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 BMPAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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
The Parent Pillar is our rating of BMPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This mortgage strategy is morphing.
