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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
31-Mar-2015
To
31-Mar-2016
From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Mar 31, 2020

1.65 -0.10 0.05 3.61 7.36
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 Mar 31, 2020

2.38 0.06 0.77 4.48 7.83
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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Reinvestments

Record Date Ex-Date Payable Date
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Key Facts

Key Facts

Size of Fund (Millions) as of Apr 8, 2020 USD 135.118
Base Currency U.S. Dollar
Fund Inception Date Aug 2, 1985
Share Class Inception Date Feb 26, 2010
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 LU0424777026
Bloomberg Ticker MLUGEDA
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL B3VXXF4
Bloomberg Benchmark Ticker CG_MTG
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 100000
Minimum Subsequent Investment USD 1000
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Mar 31, 2020 2.33
5y Volatility - Benchmark as of Mar 31, 2020 2.21
5y Beta as of Mar 31, 2020 0.920

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Government Mortgage Fund, Class D2, as of Mar 31, 2020 rated against 156 USD Government Bond Funds.

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Mar 31, 2020
Name Weight (%)
UMBS 30YR TBA(REG A) 22.67
GNMA2 30YR TBA(REG C) 20.37
FHLMC 30YR UMBS SUPER 8.96
FNMA 30YR 2019 PRODUCTION 8.36
FHLMC 30YR UMBS 7.34
Name Weight (%)
GNMA2 30YR 2019 PRODUCTION 3.66
FNMA 30YR 2017 PRODUCTION 2.89
FNMA 30YR 4% SHLB 175K 2019 2.64
GNMA2 30YR 2015 PRODUCTION 2.57
FGOLD 30YR 4% HLB 150K 2011 1.66
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Mar 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Mar 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2020

% of Market Value

Type Fund Benchmark Net
as of Mar 31, 2020

% 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
D2 USD Accumulating 21.34 -0.05 -0.23 21.39 19.68 - LU0424777026 - -
E2 USD Accumulating 18.72 -0.05 -0.27 18.77 17.41 - LU0147385842 - -
E2 EUR Accumulating 17.21 0.02 0.12 17.35 15.41 - LU0277197322 - -
C1 USD Daily 9.95 -0.02 -0.20 9.97 9.46 - LU0147384878 - -
A2 USD Accumulating 20.56 -0.05 -0.24 20.61 19.03 - LU0096258446 - -
I2 USD - 10.61 -0.02 -0.19 10.63 10.00 - LU2011139206 - -
D3 USD Monthly 9.45 -0.02 -0.21 9.47 9.00 - LU0592702145 - -
I3 USD Monthly 9.63 -0.02 -0.21 9.65 9.17 - LU1456639035 - -
A1 USD Daily 9.42 -0.03 -0.32 9.45 8.97 - LU0035308682 - -
C2 USD Accumulating 16.76 -0.03 -0.18 16.79 15.69 - LU0147385503 - -
X3 USD Monthly 9.62 -0.02 -0.21 9.64 9.16 - LU1246652132 - -
A3 USD Monthly 9.43 -0.02 -0.21 9.45 8.98 - LU0172418690 - -

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Head of Customized Multi-Sector Portfolios and co-Head of Global Inflation Linked Portfolios

Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.

Matthew Kraeger
Lead Portfolio Manager, Mortgage Portfolios

    

Bob Miller
Managing Director, Head of Americas Fundamental Fixed Income

Bob Miller, Managing Director, is head of Americas Fundamental Fixed Income within BlackRock's Global Fixed Income group and a member of the Global Fixed Income Executive Committee.

Literature

Literature