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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

2.32 2.98 -0.47 -2.41 6.99
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 Dec 6, 2019 USD 115.571
Base Currency U.S. Dollar
Fund Inception Date Aug 2, 1985
Share Class Inception Date Aug 2, 1985
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 LU0035308682
Bloomberg Ticker MERFSAI
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 4909556
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 Nov 30, 2019 2.19
5y Volatility - Benchmark as of Nov 30, 2019 2.11
5y Beta as of Nov 30, 2019 0.896

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Government Mortgage Fund, Class A1, as of Nov 30, 2019 rated against 147 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 Nov 29, 2019
Name Weight (%)
UMBS 30YR TBA(REG A) 30.03
UMBS 30YR TBA 15.39
GNMA2 30YR TBA(REG C) 14.72
GNMA2 30YR 2019 PRODUCTION 12.23
FHLMC 30YR UMBS SUPER 11.44
Name Weight (%)
FHLMC 30YR UMBS 6.01
FNMA 30YR 4% SHLB 175K 2019 4.02
UMBS 15YR TBA(REG B) 3.90
FGOLD 30YR 4% HLB 150K 2011 1.98
FNMA 30YR 4% MLB 110K 2019 1.52
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 2019

% of Market Value

Type Fund Benchmark Net
as of Nov 29, 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
A1 USD Daily 9.20 -0.01 -0.11 9.28 8.88 - LU0035308682 - -
C2 USD Accumulating 16.25 -0.01 -0.06 16.30 15.34 - LU0147385503 - -
E2 EUR Accumulating 16.38 0.06 0.37 16.57 14.89 - LU0277197322 - -
A3 USD Monthly 9.21 0.00 0.00 9.28 8.89 - LU0172418690 - -
I2 USD - 10.23 0.00 0.00 10.24 10.00 - LU2011139206 - -
X3 USD Monthly 9.39 0.00 0.00 9.47 9.06 - LU1246652132 - -
D2 USD Accumulating 20.58 -0.02 -0.10 20.62 19.12 - LU0424777026 - -
E2 USD Accumulating 18.11 -0.01 -0.06 18.14 16.97 - LU0147385842 - -
C1 USD Daily 9.71 0.00 0.00 9.79 9.37 - LU0147384878 - -
I3 USD Monthly 9.40 0.00 0.00 9.48 9.07 - LU1456639035 - -
D3 USD Monthly 9.22 -0.01 -0.11 9.30 8.91 - LU0592702145 - -
A2 USD Accumulating 19.86 -0.01 -0.05 19.89 18.51 - LU0096258446 - -

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