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Morningstar

BlackRock US Mortgage Portfolio A BMPAX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
8.78  /  0.56 %
Total Assets
214.1 Mil
Adj. Expense Ratio
0.700%
Expense Ratio
0.700%
Fee Level
Low
Longest Manager Tenure
13.11 years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
—
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.68%
Effective Duration
6.60 years

Morningstar’s Fund Analysis BMPAX

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.

A solid mortgage-focused multi-sector offering.

Analyst

Summary

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BlackRock U.S. Mortgage boasts a seasoned and well-resourced team, but its opportunity set is narrow relative to multi-sector bond Morningstar Category peers. 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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