Fixed Income

BGF US Government Mortgage Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

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Performance

Performance

Chart

Performance chart data not available for display.
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Distributions

Record Date Ex-Date Payable Date
View full table
  From
30-Jun-2016
To
30-Jun-2017
From
30-Jun-2017
To
30-Jun-2018
From
30-Jun-2018
To
30-Jun-2019
From
30-Jun-2019
To
30-Jun-2020
From
30-Jun-2020
To
30-Jun-2021
Total Return (%)

as of 30-Jun-21

0.28 -0.52 6.53 6.81 1.23
Benchmark (%)

as of 30-Jun-21

-0.08 0.11 6.39 5.96 -0.47
  1y 3y 5y 10y Incept.
1.27 5.01 2.90 - 3.06
Benchmark (%)

as of 31-Jul-21

-0.06 4.13 2.41 - 2.69
  YTD 1m 3m 1y 3y 5y 10y Incept.
0.11 0.48 0.34 1.27 15.80 15.36 - 20.28
Benchmark (%)

as of 31-Jul-21

-0.33 0.55 0.26 -0.06 12.91 12.62 - 17.62

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 05-Aug-21 USD 139.670
12m Trailing Yield as of 31-Jul-21 4.06
Number of Holdings as of 30-Jun-21 388
Base Currency U.S. Dollar
Fund Launch Date 02-Aug-85
Inception Date 17-Jun-15
Asset Class Fixed Income
Morningstar Category USD Government Bond
Benchmark Index FTSE Mortgage Index
SFDR Classification Other
Domicile Luxembourg
Regulatory Structure UCITS
Management Company BlackRock (Luxembourg) S.A.
Ongoing Charges Figures 0.07%
ISIN LU1246652132
Bloomberg Ticker BGUSGX3
Initial Charge 0.00%
Performance Fee 0.00%
SEDOL BZ0D6G1
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 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

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for BGF US Government Mortgage Fund, Class X3, as of 31-Jul-21 rated against 190 USD Government Bond Funds.

Holdings

Holdings

as of 30-Jun-21
Name Weight (%)
GNMA2 30YR 31.36
UMBS 30YR TBA(REG A) 18.62
FHLMC 30YR UMBS 14.91
FNMA 30YR 2020 PRODUCTION 13.56
GNMA2 30YR 2020 PRODUCTION 5.60
Name Weight (%)
UMBS 15YR TBA(REG B) 4.71
FNMA 30YR 2021 PRODUCTION 2.45
FNMA 30YR 2017 PRODUCTION 2.19
FGOLD 30YR 4% HLB 150K 2011 1.06
FNMA 30YR 3% LB200K 2020 0.77
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-21

% of Market Value

Type Fund Benchmark Net
as of 30-Jun-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 X3 USD Monthly 9.39 0.00 0.00 9.65 9.35 - LU1246652132 - -
Class A1 USD Daily 9.20 0.00 0.00 9.46 9.15 - LU0035308682 - -
Class E2 USD None 18.91 0.01 0.05 19.03 18.73 - LU0147385842 - -
Class I2 USD - 10.86 0.01 0.09 10.88 10.74 - LU2011139206 - -
Class D2 USD None 21.80 0.01 0.05 21.85 21.57 - LU0424777026 - -
Class I3 USD Monthly 9.40 0.00 0.00 9.67 9.36 - LU1456639035 - -
Class D3 USD Monthly 9.23 0.01 0.11 9.49 9.18 - LU0592702145 - -
Class A2 USD None 20.91 0.02 0.10 20.99 20.69 - LU0096258446 - -
Class C1 USD Daily 9.71 0.00 0.00 9.98 9.65 - LU0147384878 - -
Class A3 USD Monthly 9.21 0.01 0.11 9.46 9.16 - LU0172418690 - -
Class E2 EUR None 15.97 0.07 0.44 16.28 15.37 - LU0277197322 - -
Class C2 USD None 16.75 0.01 0.06 16.93 16.61 - LU0147385503 - -

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