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Morningstar

BlackRock US Mortgage Portfolio Instl MSUMX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 8.58  /  0.28 %
  • Total Assets 272.1 Mil
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000,000
  • Status Open
  • TTM Yield 4.58%
  • Effective Duration 5.29 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis MSUMX

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-focused multisector offering is worth a look.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

BlackRock U.S. Mortgage’s team is deep and seasoned, but its opportunity set is narrow relative to multisector 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.

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings MSUMX

More MSUMX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 518
  • Other Holdings 31
  • % Assets in Top 10 Holdings 5.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

17.67
48,585,770
—

Federal Home Loan Mortgage Corporation

9.95
27,355,935
Securitized

Federal National Mortgage Association

7.07
19,439,417
Securitized

Federal National Mortgage Association

5.80
15,958,514
Securitized

Federal National Mortgage Association

5.17
14,204,757
Securitized

Us 2Yr Note Dec 23

4.52
12,434,469
Government

Federal National Mortgage Association

4.48
12,309,001
Securitized

Federal Home Loan Mortgage Corporation

4.29
11,802,575
Securitized

Federal National Mortgage Association

4.00
10,994,542
Securitized

Us Long Bond Dec 23

2.96
8,144,688
Government