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.
Loading

Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
View full chart

Reinvestments

Record Date Ex-Date Payable Date
View full table
  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
From
30-Sep-2019
To
30-Sep-2020
Total Return (%)

as of Sep 30, 2020

2.92 -0.53 -2.38 7.03 5.36
Benchmark (%)

as of Sep 30, 2020

3.56 0.34 -0.96 8.07 4.48
  1Y 3Y 5Y 10y Incept.
5.36 3.26 2.42 2.59 5.19
Benchmark (%)

as of Sep 30, 2020

4.48 3.80 3.05 3.05 6.57
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
4.67 0.19 0.63 5.36 10.09 12.71 29.12 491.78
Benchmark (%)

as of Sep 30, 2020

3.68 -0.08 0.07 4.48 11.83 16.21 35.02 836.17
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.

Key Facts

Key Facts

Size of Fund (Millions) as of Oct 21, 2020 USD 154.183
12m Trailing Yield -
Number of Holdings as of Sep 30, 2020 348
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.
Ongoing Charge 1.02%
ISIN LU0096258446
Bloomberg Ticker ME2LU LX
Annual Management Fee 0.75%
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 5800562
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 Accumulating

Portfolio Characteristics

Portfolio Characteristics

Yield to Worst as of Sep 30, 2020 1.48%
Modified Duration as of Sep 30, 2020 3.66 yrs
Effective Duration as of Sep 30, 2020 2.39 yrs
Weighted Avg Maturity as of Sep 30, 2020 4.47 yrs
3y Volatility - Benchmark as of Sep 30, 2020 2.28
3y Beta as of Sep 30, 2020 0.912
5y Volatility - Benchmark as of Sep 30, 2020 2.15
5y Beta as of Sep 30, 2020 0.909
WAL to Worst as of Sep 30, 2020 4.47 yrs

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF US Government Mortgage Fund, Class A2, as of Sep 30, 2020 rated against 161 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 Sep 30, 2020
Name Weight (%)
UMBS 30YR TBA(REG A) 24.18
GNMA2 30YR 22.32
FNMA 30YR 2018 PRODUCTION 6.82
GNMA2 30YR 2020 PRODUCTION 5.68
FHLMC 30YR UMBS 4.30
Name Weight (%)
UMBS 15YR TBA(REG B) 3.54
FNMA 30YR 3.5% HLB 150K 2020 3.37
FNMA 30YR 3% SHLB 175K 2020 2.92
FNMA 30YR 4% SHLB 200K 2018 1.94
GNMA2 30YR 2017 PRODUCTION 1.87
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 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
A2 USD Accumulating 20.82 -0.01 -0.05 20.88 19.54 - LU0096258446 - -
I3 USD Monthly 9.60 -0.01 -0.10 9.69 9.17 - LU1456639035 - -
D3 USD Monthly 9.42 -0.01 -0.11 9.51 9.00 - LU0592702145 - -
C2 USD Accumulating 16.85 -0.01 -0.06 16.91 15.93 - LU0147385503 - -
C1 USD Daily 9.90 -0.01 -0.10 10.00 9.46 - LU0147384878 - -
D2 USD Accumulating 21.65 -0.01 -0.05 21.71 20.28 - LU0424777026 - -
I2 USD - 10.77 -0.01 -0.09 10.80 10.08 - LU2011139206 - -
A1 USD Daily 9.38 -0.01 -0.11 9.48 8.97 - LU0035308682 - -
A3 USD Monthly 9.40 0.00 0.00 9.49 8.98 - LU0172418690 - -
X3 USD Monthly 9.59 0.00 0.00 9.68 9.16 - LU1246652132 - -
E2 EUR Accumulating 15.94 -0.06 -0.38 17.46 15.80 - LU0277197322 - -
E2 USD Accumulating 18.90 -0.01 -0.05 18.96 17.79 - LU0147385842 - -

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