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

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

Chart

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 10-Jul-2020 USD 151.91
Base Currency USD
Fund Launch Date 02-Aug-1985
Share Class launch date 27-Jul-2016
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 LU1456639035
Bloomberg Ticker BGUGI3U
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BD82K75
Bloomberg Benchmark Ticker SBMT
Dealing Settlement Trade Date + 3 days
Dealing Frequency Daily, forward pricing basis
Minimum Initial Investment USD 10,000,000.00
Minimum Subsequent Investment -
Use of Income Distributing

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.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Transparency on Business Involvement metrics is not indicative of a fund’s investment objective, and, unless otherwise stated in Fund documentation and included within a Fund’s investment objective, ESG integration does not change a Fund’s investment objective or constrain the Investment Manager’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a Fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics using links below.


Business Involvement metrics are calculated using MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this research to provide a summed up view across holdings and translates it to a Fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement.

Risk Indicator

Risk Indicator

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Low Risk High Risk
Typically low rewards Typically high rewards

 

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for BGF US Government Mortgage Fund, Class I3, as of 30-Jun-2020 rated against 159 USD Government Bond Funds.

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Akiva Dickstein
Matthew Kraeger
Matthew Kraeger
Bob Miller
Bob Miller

Holdings

Holdings

as of 30-Jun-2020
Name Weight (%)
UMBS 30YR TBA(REG A) 42.56
GNMA2 30YR 2020 PRODUCTION 16.73
GNMA2 30YR 8.03
GNMA2 30YR 2019 PRODUCTION 7.86
FNMA 30YR 2017 PRODUCTION 4.24
Name Weight (%)
UMBS 15YR TBA(REG B) 3.32
FHLMC 30YR UMBS 2.55
FNMA 30YR 4% SHLB 200K 2018 2.13
FNMA 30YR 4% SHLB 175K 2019 2.07
GNMA2 30YR 2017 PRODUCTION 2.03
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2020

% of Market Value

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

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-2020

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-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 I3 USD Monthly 9.64 0.01 0.10 9.69 9.17 - LU1456639035 - -
Class I2 USD - 10.71 0.01 0.09 10.73 10.04 - LU2011139206 - -
Class A3 USD Monthly 9.44 0.01 0.11 9.49 8.98 - LU0172418690 - -
Class D3 USD Monthly 9.46 0.01 0.11 9.51 9.00 - LU0592702145 - -
Class A2 USD None 20.73 0.01 0.05 20.78 19.54 - LU0096258446 - -
Class A1 USD Daily 9.43 0.00 0.00 9.48 8.97 - LU0035308682 - -
Class D2 USD None 21.54 0.02 0.09 21.58 20.23 - LU0424777026 - -
Class E2 EUR None 16.68 0.05 0.30 17.46 15.86 - LU0277197322 - -
Class E2 USD None 18.85 0.01 0.05 18.90 17.79 - LU0147385842 - -

Literature

Literature