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.

Please note the Fund-specific risks under the relevant section in Disclaimer.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

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Performance

Performance

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Distributions

Record Date Ex-Date Payable Date
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  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 30-Sep-2020

2.99 -0.47 -2.39 6.98 5.37
Benchmark (%)

as of 30-Sep-2020

3.56 0.34 -0.96 8.07 4.48
  1y 3y 5y 10y Incept.
5.57 3.30 2.44 2.43 3.21
Benchmark (%)

as of 31-Oct-2020

4.01 3.80 3.02 2.94 4.20
  YTD 1m 3m 1y 3y 5y 10y Incept.
4.69 0.02 0.40 5.57 10.24 12.79 27.18 71.97
Benchmark (%)

as of 31-Oct-2020

3.62 -0.05 -0.11 4.01 11.85 16.02 33.64 102.68
  2015 2016 2017 2018 2019
Total Return (%) 0.46 1.03 1.56 -0.89 6.49
Annual w/ Sales Charge (%) -4.56 -4.02 -3.52 -5.85 1.16
Benchmark (%) 1.56 1.59 2.47 1.01 6.68
Morningstar Category Avg. (%) -0.22 0.48 2.64 0.11 6.69

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Size of Fund (Millions) as of 23-Nov-2020 USD 152.07
12m Trailing Yield as of 31-Oct-2020 3.14
Number of Holdings as of 30-Oct-2020 357
Base Currency USD
Fund Launch Date 02-Aug-1985
Share Class launch date 01-Sep-2003
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 Charges Figures 1.02%
ISIN LU0172418690
Bloomberg Ticker MLUSGMA
Initial Charge 5.00%
Performance Fee 0.00%
SEDOL 7659739
Bloomberg Benchmark Ticker SBMT
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 5,000.00
Minimum Subsequent Investment USD 1,000.00
Use of Income Distributing

Portfolio Characteristics

Portfolio Characteristics

Yield to Maturity as of 30-Oct-2020 1.36%
Modified Duration as of 30-Oct-2020 3.35
Effective Duration as of 30-Oct-2020 2.59 Jahre
Weighted Avg Maturity as of 30-Oct-2020 4.26 Jahre
WAL to Worst as of 30-Oct-2020 4.26 Jahre

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s underlying holdings (excluding cash positions) must be covered by MSCI ESG Research, the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch. MSCI Ratings are currently unavailable for this fund.

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

3
Overall Morningstar Rating for BGF US Government Mortgage Fund, Class A3, as of 31-Oct-2020 rated against 166 USD Government Bond Funds.

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Akiva Dickstein
Matthew Kraeger
Matthew Kraeger
Bob Miller
Managing Director

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.

Holdings

Holdings

as of 30-Oct-2020
Name Weight (%)
GNMA2 30YR 23.42
UMBS 30YR TBA(REG A) 15.39
FNMA 30YR 2018 PRODUCTION 6.37
GNMA2 30YR 2020 PRODUCTION 5.51
UMBS 15YR TBA(REG B) 4.32
Name Weight (%)
FHLMC 30YR UMBS 4.08
FNMA 30YR 3.5% HLB 150K 2020 3.27
FNMA 30YR 3% SHLB 175K 2020 2.83
FNMA 30YR 4.5% LTV > 90 2018 2.77
GNMA2 30YR 2017 PRODUCTION 2.04
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Oct-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
Class A3 USD Monthly 9.40 0.01 0.11 9.49 8.98 - LU0172418690 - -
Class E2 USD None 18.94 0.01 0.05 18.98 17.79 - LU0147385842 - -
Class D3 USD Monthly 9.42 0.00 0.00 9.51 9.00 - LU0592702145 - -
Class I2 USD - 10.80 0.01 0.09 10.82 10.08 - LU2011139206 - -
Class E2 EUR None 15.96 0.01 0.06 17.46 15.80 - LU0277197322 - -
Class I3 USD Monthly 9.60 0.00 0.00 9.69 9.17 - LU1456639035 - -
Class A2 USD None 20.87 0.01 0.05 20.90 19.54 - LU0096258446 - -
Class A1 USD Daily 9.38 0.00 0.00 9.48 8.97 - LU0035308682 - -
Class D2 USD None 21.71 0.02 0.09 21.74 20.28 - LU0424777026 - -

Literature

Literature