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 Instl MSUMX
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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 MSUMX 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 MSUMX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MSUMX 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 MSUMX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This mortgage strategy is morphing.
