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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.86

$303 M

3.98%

$0.31

1.34%

Vitals

YTD Return

-0.5%

1 yr return

1.2%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-1.2%

Net Assets

$303 M

Holdings in Top 10

69.7%

52 WEEK LOW AND HIGH

$7.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load 4.00%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.86

$303 M

3.98%

$0.31

1.34%

BGPAX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.76%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock GNMA Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Jun 26, 2000
  • Shares Outstanding
    13421008
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Kraeger

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in Government National Mortgage Association (“GNMA”) securities. The Fund invests primarily in securities issued by GNMA as well as other U.S. Government securities.
Securities purchased by the Fund are rated in the highest rating category (AAA or Aaa) at the time of purchase by at least one major rating agency or are determined by the Fund management team to be of similar quality. Split rated bonds will be considered to have the higher credit rating. Split rated bonds are bonds that receive different ratings from two or more rating agencies.
The Fund measures its performance against the Bloomberg GNMA Total Return Index Value Unhedged USD (the benchmark). Under normal circumstances, the Fund seeks to maintain an average portfolio duration that is within ±1 year of the duration of the benchmark.
The Fund also makes investments in residential and commercial mortgage-backed securities and other asset-backed securities.
The Fund may buy or sell options or futures on a security or an index of securities, or enter into credit default swaps and interest rate transactions, including swaps (collectively, commonly known as derivatives). The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls).
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
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BGPAX - Performance

Return Ranking - Trailing

Period BGPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -3.9% 13.8% 61.06%
1 Yr 1.2% -4.4% 27.6% 76.55%
3 Yr -3.6%* -7.7% 11.3% 80.00%
5 Yr -1.2%* -5.6% 3.0% 83.10%
10 Yr 0.4%* -2.1% 3.4% 63.86%

* Annualized

Return Ranking - Calendar

Period BGPAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -1.0% 22.1% 23.01%
2022 -14.7% -20.4% -5.8% 85.33%
2021 -2.9% -7.1% 16.6% 44.55%
2020 1.0% -1.3% 8.8% 92.99%
2019 2.8% 0.3% 7.1% 71.56%

Total Return Ranking - Trailing

Period BGPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -3.9% 13.8% 61.06%
1 Yr 1.2% -4.4% 27.6% 76.55%
3 Yr -3.6%* -7.7% 11.3% 80.00%
5 Yr -1.2%* -5.6% 3.0% 83.10%
10 Yr 0.4%* -2.1% 3.4% 63.86%

* Annualized

Total Return Ranking - Calendar

Period BGPAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.3% -0.5% 28.8% 52.65%
2022 -12.6% -18.5% -3.3% 77.33%
2021 -1.2% -4.5% 25.3% 34.55%
2020 4.2% -1.3% 13.0% 76.64%
2019 5.8% 1.8% 11.3% 53.55%

NAV & Total Return History


BGPAX - Holdings

Concentration Analysis

BGPAX Category Low Category High BGPAX % Rank
Net Assets 303 M 9.43 M 134 B 73.45%
Number of Holdings 653 17 12663 34.07%
Net Assets in Top 10 211 M 5.3 M 53 B 52.21%
Weighting of Top 10 69.67% 4.6% 98.5% 9.73%

Top 10 Holdings

  1. Government National Mortgage Association 16.55%
  2. U.S. Treasury Bills 13.97%
  3. Government National Mortgage Association 9.69%
  4. Government National Mortgage Association 5.32%
  5. Government National Mortgage Association 4.20%
  6. Government National Mortgage Association 4.15%
  7. Government National Mortgage Association 4.11%
  8. Government National Mortgage Association 4.06%
  9. Government National Mortgage Association 3.87%
  10. Government National Mortgage Association 3.75%

Asset Allocation

Weighting Return Low Return High BGPAX % Rank
Bonds
123.90% 0.07% 159.23% 7.96%
Cash
14.36% -20.28% 26.05% 12.83%
Stocks
0.00% 0.00% 96.18% 43.36%
Preferred Stocks
0.00% 0.00% 0.11% 46.02%
Convertible Bonds
0.00% 0.00% 3.29% 46.46%
Other
-0.21% -23.81% 17.63% 91.59%

Bond Sector Breakdown

Weighting Return Low Return High BGPAX % Rank
Securitized
64.12% 0.00% 99.79% 35.84%
Cash & Equivalents
14.36% 0.00% 26.05% 12.39%
Government
2.08% 0.00% 100.00% 83.63%
Corporate
0.00% 0.00% 9.48% 61.95%
Municipal
0.00% 0.00% 5.24% 56.19%
Derivative
-0.21% -19.23% 1.69% 93.81%

Bond Geographic Breakdown

Weighting Return Low Return High BGPAX % Rank
US
123.90% 0.07% 159.23% 7.96%
Non US
0.00% 0.00% 2.20% 39.38%

BGPAX - Expenses

Operational Fees

BGPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.03% 3.55% 18.22%
Management Fee 0.34% 0.00% 0.85% 49.56%
12b-1 Fee 0.25% 0.00% 1.00% 33.96%
Administrative Fee 0.06% 0.01% 0.45% 47.62%

Sales Fees

BGPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.00% 4.50% 36.67%
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

BGPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BGPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.35% 948.00% 1.23%

BGPAX - Distributions

Dividend Yield Analysis

BGPAX Category Low Category High BGPAX % Rank
Dividend Yield 3.98% 0.00% 4.94% 51.77%

Dividend Distribution Analysis

BGPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

BGPAX Category Low Category High BGPAX % Rank
Net Income Ratio 0.76% -0.80% 2.96% 48.89%

Capital Gain Distribution Analysis

BGPAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BGPAX - Fund Manager Analysis

Managers

Matthew Kraeger


Start Date

Tenure

Tenure Rank

Dec 31, 2009

12.42

12.4%

Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2009 to 2014; Vice President of BlackRock, Inc. from 2006 to 2008; Associate of BlackRock, Inc. from 2002 to 2005.

Siddharth Mehta


Start Date

Tenure

Tenure Rank

Jan 27, 2017

5.34

5.3%

Siddharth Mehta, Director of BlackRock, Inc. since 2017; Vice President of BlackRock, Inc. from 2011 to 2016.Vice President, is a member of the Mortgage Portfolio Team within BlackRock's Americas Fixed Income Alpha Strategies. Mr. Mehta joined the Portfolio Management Group in 2008.From 2006 to 2008, Mr. Mehta was a member of BlackRock's Risk and Quantitative Analytics Group, where he was responsible for supporting the mortgage team. Mr. Mehta began his investment career with BlackRock as an analyst in the Portfolio Analytics Group. Mr. Mehta earned a BS degree, magna cum laude, in electrical engineering from the University of Michigan in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35