Fixed Income

EGF

Enhanced Government Fund

Overview

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Performance

Performance

Distributions

View full chart
  1y 3y 5y 10y
9.95 -2.44 -0.91 0.49
Market Price Total Return (%) 6.68 -2.90 -0.71 0.78
  YTD 1m 3m 1y 3y 5y 10y
4.39 1.28 - 9.95 -7.15 -4.48 5.01
Market Price Total Return (%) 6.76 -2.52 - 6.68 -8.44 -3.49 8.11
  2019 2020 2021 2022 2023
NAV Total Return (%) 4.13 2.41 -0.67 -14.91 4.56
Market Price Total Return (%) 5.18 6.25 -2.94 -19.59 5.60

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

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 may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets
as of Nov 01, 2024
$37,436,204
Share Class launch date
Oct 31, 2005
Asset Class
Fixed Income
Distribution Frequency
None
Lipper Classification
US Mortgage Funds
CUSIP
09255K108
Managed Assets
as of Nov 01, 2024
$37,436,204.48
Exchange
New York Stock Exchange Inc.
Shares Outstanding
as of Nov 01, 2024
3,738,502
Morningstar Category
Intermediate Government
Premium Discount
as of Nov 01, 2024
-3.95%
Number of Holdings
as of Sep 30, 2024
144

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate
as of Nov 01, 2024
5.12%
Average Coupon
as of Sep 30, 2024
4.41%
Effective Duration
as of Sep 30, 2024
4.58 yrs
WAL to Maturity
as of Sep 30, 2024
6.70 yrs
% Leveraged
as of Sep 30, 2024
0.00%
Yield to Maturity
as of Sep 30, 2024
4.32%
Yield to Worst
as of Sep 30, 2024
4.29%
WAL to Worst
as of Sep 30, 2024
6.68 yrs
Leverage
as of Sep 30, 2024
$ 0.00

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage 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. 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.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. 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.

MSCI - Controversial Weapons
as of -
-
MSCI - Nuclear Weapons
as of -
-
MSCI - Civilian Firearms
as of -
-
MSCI - Tobacco
as of -
-
MSCI - UN Global Compact Violators
as of -
-
MSCI - Thermal Coal
as of -
-
MSCI - Oil Sands
as of -
-

Business Involvement Coverage
as of -
-
Percentage of Fund not covered
as of -
-
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal -% and for Oil Sands -%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data 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. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ 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 or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

on net assets
Gross Expense Ratio 1.93%
Management Fee 0.96%
Interest Expense 0.49%
Other Expenses 0.47%
Acquired Fund Fees and Expenses 0.01%
on managed assets
Acquired Fund Fees and Expenses 0.01%
Interest Expenses 0.43%
Management Fee 0.85%
Other Expenses 0.41%
Gross Expense 1.70%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Holdings

Holdings

as of Sep 30, 2024
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 38.63
UNITED STATES TREASURY 30.57
UNIFORM MBS 2.71
FNMA_22-25F-KL 2.39
FEDERAL FARM CREDIT BANKS FUNDING CORP 1.97
Name Weight (%)
FEDERAL HOME LOAN MORTGAGE CORPORATION -GOLD 1.78
FNMA_22-31A-BZ 1.68
FNMA_23-56A-FA 1.39
FHLMC_4921-NL 0.97
FNMA_17-90-WB 0.94
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
as of Sep 30, 2024

% of Market Value

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

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.

Portfolio Managers

Portfolio Managers

Scott MacLellan, CFA, CMT
Managing Director, Portfolio Manager

  

Akiva Dickstein
Managing Director, Global Fixed Income, Head of Customized Multi-Sector Portfolios, Head of Short Duration

    

Portfolio Manager

Literature

Literature

 

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