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

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Reinvestments

This product does not have any distributions data as of now.
  From
31-Dec-2015
To
31-Dec-2016
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2019
To
31-Dec-2020
Total Return (%)

as of 31-Dec-20

0.47 1.05 -1.32 5.89 4.57
Benchmark (%)

as of 31-Dec-20

1.59 2.47 1.01 6.68 4.03
  1y 3y 5y 10y Incept.
4.17 3.41 1.90 2.04 2.61
Benchmark (%)

as of 31-Jan-21

3.35 4.30 2.87 3.04 4.14
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.11 0.11 0.37 4.17 10.59 9.89 22.42 61.43
Benchmark (%)

as of 31-Jan-21

0.04 0.04 0.43 3.35 13.46 15.22 34.96 112.56

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 02-Mar-21 USD 164.849
12m Trailing Yield -
Number of Holdings as of 29-Jan-21 357
Base Currency U.S. Dollar
Fund Launch Date 02-Aug-85
Inception Date 01-Jul-02
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 1.51%
ISIN LU0147385842
Bloomberg Ticker MUSGOEE
Initial Charge 3.00%
Performance Fee 0.00%
SEDOL 7361614
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

Weighted Average YTM as of 29-Jan-21 1.02%
Modified Duration as of 29-Jan-21 3.49
Effective Duration as of 29-Jan-21 2.82
Weighted Avg Maturity as of 29-Jan-21 4.18
WAL to Worst as of 29-Jan-21 4.18

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), 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.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. The Fund manager conducts regular portfolio risk reviews with the Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Risk Indicator

Risk Indicator

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

Ratings

Holdings

Holdings

as of 29-Jan-21
Name Weight (%)
UMBS 30YR TBA(REG A) 26.46
GNMA2 30YR 24.94
FHLMC 30YR UMBS 18.87
UMBS 15YR TBA(REG B) 6.89
GNMA2 30YR 2020 PRODUCTION 5.59
Name Weight (%)
FNMA 30YR 2.5% Investor 2020 2.23
FNMA 30YR 2020 PRODUCTION 2.21
GNMA2 30YR 2017 PRODUCTION 1.89
GNMA2 30YR 2015 PRODUCTION 1.42
FGOLD 30YR 4% HLB 150K 2011 1.14
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-21

% of Market Value

Type Fund Benchmark Net
as of 29-Jan-21

% 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 E2 USD None 18.91 0.02 0.11 19.03 17.79 - LU0147385842 - -
Class D3 USD Monthly 9.32 0.01 0.11 9.51 9.00 - LU0592702145 - -
Class I2 USD - 10.82 0.02 0.19 10.88 10.08 - LU2011139206 - -
Class A1 USD Daily 9.30 0.01 0.11 9.48 8.97 - LU0035308682 - -
Class A2 USD None 20.87 0.03 0.14 20.99 19.54 - LU0096258446 - -
Class C1 USD Daily 9.81 0.01 0.10 10.00 9.46 - LU0147384878 - -
Class E2 EUR None 15.71 0.03 0.19 17.46 15.44 - LU0277197322 - -
Class A3 USD Monthly 9.30 0.01 0.11 9.49 8.98 - LU0172418690 - -
Class C2 USD None 16.81 0.02 0.12 16.93 15.93 - LU0147385503 - -
Class D2 USD None 21.73 0.04 0.18 21.85 20.28 - LU0424777026 - -
Class X3 USD Monthly 9.49 0.02 0.21 9.68 9.16 - LU1246652132 - -
Class I3 USD Monthly 9.50 0.01 0.11 9.69 9.17 - LU1456639035 - -

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.

Literature

Literature