Fixed Income

BGF US Government Mortgage Fund

Overview

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Performance

Performance

  • Returns

  From
31-Dec-2013
To
31-Dec-2014
From
31-Dec-2014
To
31-Dec-2015
From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
Total Return (%) Total return represents changes to the NAV and accounts for distributions from the fund.

as of Dec 31, 2018

19.36 11.33 3.69 -11.17 3.52
Benchmark (%) Index: FTSE Mortgage in EUR Performance 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 Dec 31, 2018

20.85 13.12 4.63 -9.99 6.10
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
View full table

Key Facts

Key Facts

Size of Fund (Millions) as of Mar 22, 2019 USD 88.521
Base Currency U.S. Dollar
Fund Inception Date Aug 2, 1985
Share Class Inception Date Dec 1, 2006
Asset Class Fixed Income
Morningstar Category USD Government Bond
Benchmark Index FTSE Mortgage in EUR Performance Index
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
ISIN LU0277197322
Bloomberg Ticker MLUGEE2
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL B43DH24
Bloomberg Benchmark Ticker CGMTGEUR
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment EUR 5000
Minimum Subsequent Investment -
Use of Income Accumulating

Portfolio Characteristics

Portfolio Characteristics

3y Volatility - Benchmark as of Feb 28, 2019 6.62
5y Volatility - Benchmark as of Feb 28, 2019 7.99
5y Beta as of Feb 28, 2019 0.966

Ratings

Risk Indicator

Risk Indicator

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

Holdings

Holdings

as of Feb 28, 2019
Name Weight (%)
FNMA 30YR TBA 3 03/13/2019 11.21
GNMA2 30YR TBA(REG C) 3.5 03/21/2019 10.24
FNMA 30YR TBA(REG A) 4.5 04/10/2019 7.42
GNMA2 30YR TBA(REG C) 4 04/17/2019 6.92
FNMA 30YR 2011 PRODUCTION 4.69
Name Weight (%)
FNMA 30YR TBA(REG A) 4 04/10/2019 4.44
FGOLD 30YR TBA(REG A) 4 03/13/2019 4.02
FNMA 30YR TBA(REG A) 5 04/10/2019 3.64
FGOLD 30YR 2018 PRODUCTION 3.01
FNMA 15YR TBA(REG B) 3 03/18/2019 2.94
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2019

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 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
E2 EUR Accumulating 15.46 0.12 0.78 15.46 13.71 - LU0277197322 - -
E2 USD Accumulating 17.44 0.00 0.00 17.44 16.73 - LU0147385842 - -
D3 USD Monthly 9.08 0.00 0.00 9.19 8.81 - LU0592702145 - -
A3 USD Monthly 9.06 0.00 0.00 9.17 8.79 - LU0172418690 - -
X3 USD Monthly 9.24 0.00 0.00 9.35 8.97 - LU1246652132 - -
C1 USD Daily 9.54 0.00 0.00 9.66 9.27 - LU0147384878 - -
I3 USD Monthly 9.25 0.00 0.00 9.36 8.98 - LU1456639035 - -
C2 USD Accumulating 15.73 0.00 0.00 15.73 15.13 - LU0147385503 - -
A1 USD Daily 9.04 0.00 0.00 9.16 8.79 - LU0035308682 - -
A2 USD Accumulating 19.05 -0.01 -0.05 19.06 18.25 - LU0096258446 - -
D2 USD Accumulating 19.70 -0.01 -0.05 19.71 18.84 - LU0424777026 - -

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