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Fixed Income

BGF US Government Mortgage Fund

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
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Performance

Performance

  • Returns

  From
30-Sep-2014
To
30-Sep-2015
From
30-Sep-2015
To
30-Sep-2016
From
30-Sep-2016
To
30-Sep-2017
From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Sep 30, 2019

1.08 1.61 -1.72 -3.62 5.70
Benchmark (%) Index: FTSE Mortgage Index<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results.

as of Sep 30, 2019

3.46 3.56 0.34 -0.96 8.07
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical 10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Oct 16, 2019 USD 110.445
Base Currency U.S. Dollar
Fund Inception Date Aug 2, 1985
Share Class Inception Date Jul 1, 2002
Asset Class Fixed Income
Morningstar Category USD Government Bond
Benchmark Index FTSE Mortgage Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0147384878
Bloomberg Ticker MUSGOCD
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL 7557877
Bloomberg Benchmark Ticker SBMT
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5000
Minimum Subsequent Investment USD 1000
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Sep 30, 2019 2.48
5y Volatility - Benchmark as of Sep 30, 2019 2.15
5y Beta as of Sep 30, 2019 0.883

Ratings

Ratings

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Low Yield High Yield

Holdings

Holdings

as of Sep 30, 2019
Name Weight (%)
UMBS 30YR TBA(REG A) 24.33
GNMA2 30YR TBA(REG C) 21.41
FHLMC 30YR UMBS MIRROR 10.18
FNMA 30YR 3.5% SHLB 175K 2019 6.91
GNMA2 30YR 2019 PRODUCTION 6.30
Name Weight (%)
FNMA 30YR 4% SHLB 175K 2019 4.25
FNMA 30YR 2017 PRODUCTION 4.00
UMBS 15YR TBA(REG B) 3.42
FNMA 30YR 2011 PRODUCTION 2.58
FGOLD 30YR 4% HLB 150K 2011 2.11
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2019

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Investor Class Currency Distribution Frequency NAV NAV Amount Change NAV % Change 52wk High 52wk Low Bid Price ISIN Offer Price TIS
C1 USD Daily 9.71 -0.01 -0.10 9.79 9.27 - LU0147384878 - -
A2 USD Accumulating 19.76 -0.04 -0.20 19.87 18.25 - LU0096258446 - -
D3 USD Monthly 9.23 -0.02 -0.22 9.30 8.81 - LU0592702145 - -
I2 USD - 10.17 -0.02 -0.20 10.23 10.00 - LU2011139206 - -
E2 EUR Accumulating 16.32 -0.11 -0.67 16.57 14.50 - LU0277197322 - -
I3 USD Monthly 9.40 -0.02 -0.21 9.48 8.98 - LU1456639035 - -
X3 USD Monthly 9.40 -0.01 -0.11 9.47 8.97 - LU1246652132 - -
A1 USD Daily 9.20 -0.02 -0.22 9.28 8.79 - LU0035308682 - -
A3 USD Monthly 9.21 -0.02 -0.22 9.28 8.79 - LU0172418690 - -
D2 USD Accumulating 20.48 -0.03 -0.15 20.59 18.84 - LU0424777026 - -
E2 USD Accumulating 18.04 -0.03 -0.17 18.14 16.73 - LU0147385842 - -
C2 USD Accumulating 16.20 -0.03 -0.18 16.30 15.13 - LU0147385503 - -

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Head of BlackRock Agency MBS Team

    

Matthew Kraeger
Lead Portfolio Manager, Mortgage Portfolios

    

Bob Miller
Managing Director, Head of U.S. Multi-Sector Fixed Income

  

Literature

Literature

 

 

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