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Trending ETFs

Name

As of 06/14/2024

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

$8.84

$284 M

4.70%

$0.42

1.69%

Vitals

YTD Return

1.9%

1 yr return

4.4%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

-0.2%

Net Assets

$284 M

Holdings in Top 10

51.0%

52 WEEK LOW AND HIGH

$8.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.69%

SALES FEES

Front Load N/A

Deferred Load 1.00%

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 06/14/2024

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

$8.84

$284 M

4.70%

$0.42

1.69%

BMPCX - Profile

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.72%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock U.S. Mortgage Portfolio
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    Sep 17, 2018
  • Shares Outstanding
    285312
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew Kraeger

Fund Description

The Fund invests primarily in mortgage-backed and other mortgage-related securities. The securities in which the Fund may invest include U.S. government securities, U.S. government agency securities, securities issued by U.S. government instrumentalities and U.S. government-sponsored enterprises, and other mortgage-backed securities or mortgage-related securities issued by the U.S. government or by private issuers. Under normal circumstances, the Fund will invest at least 80% of its assets in mortgage-backed securities and other mortgage-related securities that are issued by issuers located in the United States.
The Fund seeks to achieve its investment objective by selecting securities of any maturity issued or guaranteed by the U.S. government, by various agencies of the U.S. government, by various instrumentalities that have been established or are sponsored by the U.S. government, or securities issued by banks or other financial institutions. Some of these securities are issued and/or guaranteed by the U.S. government and are supported by the full faith and credit of the United States. Other securities are issued or guaranteed by Federal agencies or government-sponsored enterprises and are not direct obligations of the United States, and are not backed by the full faith and credit of the United States, but involve sponsorship or guarantees by government agencies or enterprises.
The Fund will concentrate its investments (i.e., invest at least 25% of its total assets) in non-agency mortgage-backed securities and may invest in other non-agency securities issued by banks and other financial institutions. Non-agency securities are not backed by the full faith and credit of the United States and do not involve sponsorship or guarantees by government agencies or enterprises. The non-agency mortgage-related securities in which the Fund will invest may be rated below investment grade (commonly known as “junk bonds”) or securities determined by Fund management to be of similar quality. For purposes of determining a bond’s credit rating, split rated bonds will be considered to have the higher credit rating.
The Fund may also participate in to be announced (“TBA”) transactions and enter into dollar rolls. A TBA transaction is a method of trading mortgage-backed securities where the buyer and seller agree upon general trade parameters such as agency, settlement date, par amount and price at the time the contract is entered into but the mortgage-backed securities are delivered in the future, generally 30 days later. The actual pools of mortgage-backed securities delivered in a TBA transaction typically are not determined until two days prior to settlement date. A dollar roll transaction involves a sale by the Fund of a mortgage-backed or other security concurrently with an agreement by the Fund to repurchase a similar security at a later date at an agreed-upon price. The securities that are repurchased will bear the same interest rate and stated maturity as those sold, but pools of mortgages collateralizing those securities may have different prepayment histories than those sold.
The Fund may use derivatives, including options, futures, swaps and forward foreign exchange transactions, both to seek to increase the return of the Fund and to hedge (or protect) the value of its assets against adverse movements in interest rates and movements in the securities markets. In order to manage cash flows into or out of the Fund effectively, the Fund may buy and sell financial futures contracts or options on such contracts. Derivatives are financial instruments whose value is derived from another security, a currency or an index such as the Bloomberg U.S. Mortgage-Backed Securities Index. The Fund may also invest in indexed and inverse securities.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
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BMPCX - Performance

Return Ranking - Trailing

Period BMPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -7.7% 410.3% 64.24%
1 Yr 4.4% -10.6% 434.6% 85.30%
3 Yr -2.6%* -18.2% 72.0% 89.38%
5 Yr -0.2%* -13.8% 43.6% 88.01%
10 Yr N/A* -13.8% 6.5% 94.78%

* Annualized

Return Ranking - Calendar

Period BMPCX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -12.0% 15.7% 72.81%
2022 -16.2% -31.8% 18.4% 78.02%
2021 0.1% -26.6% 25.7% 22.40%
2020 2.1% -49.2% 18.7% 45.31%
2019 3.4% -35.1% 15.3% 68.86%

Total Return Ranking - Trailing

Period BMPCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -7.7% 410.3% 64.24%
1 Yr 4.4% -10.6% 434.6% 85.30%
3 Yr -2.6%* -18.2% 72.0% 89.38%
5 Yr -0.2%* -13.8% 43.6% 88.01%
10 Yr N/A* -13.8% 6.5% 94.23%

* Annualized

Total Return Ranking - Calendar

Period BMPCX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -7.0% 22.2% 83.38%
2022 -14.2% -31.8% 21.1% 93.34%
2021 1.6% -13.5% 49.9% 58.72%
2020 4.8% -28.6% 24.1% 57.64%
2019 5.7% -4.8% 19.1% 79.55%

NAV & Total Return History


BMPCX - Holdings

Concentration Analysis

BMPCX Category Low Category High BMPCX % Rank
Net Assets 284 M 2.53 M 143 B 65.73%
Number of Holdings 691 2 9868 35.52%
Net Assets in Top 10 145 M -204 M 70.2 B 51.37%
Weighting of Top 10 51.05% 5.1% 271.9% 23.20%

Top 10 Holdings

  1. U.S. Treasury Bills 12.38%
  2. Uniform Mortgage-Backed Securities 6.92%
  3. Uniform Mortgage-Backed Securities 6.09%
  4. Uniform Mortgage-Backed Securities 5.46%
  5. Uniform Mortgage-Backed Securities 4.98%
  6. Uniform Mortgage-Backed Securities 4.08%
  7. Uniform Mortgage-Backed Securities 3.60%
  8. Uniform Mortgage-Backed Securities 2.95%
  9. Uniform Mortgage-Backed Securities 2.42%
  10. Uniform Mortgage-Backed Securities 2.17%

Asset Allocation

Weighting Return Low Return High BMPCX % Rank
Bonds
108.66% 0.00% 215.76% 12.80%
Cash
13.07% -94.66% 100.00% 13.11%
Other
11.65% -66.66% 153.75% 28.20%
Stocks
0.00% -4.18% 99.84% 76.98%
Preferred Stocks
0.00% 0.00% 28.28% 51.37%
Convertible Bonds
0.00% 0.00% 33.50% 86.85%

Bond Sector Breakdown

Weighting Return Low Return High BMPCX % Rank
Securitized
57.78% 0.00% 99.65% 12.42%
Cash & Equivalents
13.07% 0.00% 99.66% 11.93%
Corporate
0.73% 0.00% 96.66% 90.57%
Government
0.22% 0.00% 99.43% 83.81%
Municipal
0.00% 0.00% 54.26% 48.43%
Derivative
-0.11% -66.66% 153.75% 78.13%

Bond Geographic Breakdown

Weighting Return Low Return High BMPCX % Rank
US
108.66% 0.00% 215.76% 9.45%
Non US
0.00% 0.00% 69.85% 72.56%

BMPCX - Expenses

Operational Fees

BMPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.03% 20.67% 29.79%
Management Fee 0.40% 0.00% 2.29% 10.59%
12b-1 Fee 1.00% 0.00% 1.00% 81.64%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

BMPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 17.65%

Trading Fees

BMPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

BMPCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 97.62%

BMPCX - Distributions

Dividend Yield Analysis

BMPCX Category Low Category High BMPCX % Rank
Dividend Yield 4.70% 0.00% 23.30% 66.77%

Dividend Distribution Analysis

BMPCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

BMPCX Category Low Category High BMPCX % Rank
Net Income Ratio 1.72% -1.55% 11.51% 83.44%

Capital Gain Distribution Analysis

BMPCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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BMPCX - Fund Manager Analysis

Managers

Matthew Kraeger


Start Date

Tenure

Tenure Rank

Aug 28, 2009

12.76

12.8%

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

Aug 26, 2016

5.76

5.8%

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.

Ibrahim Incoglu


Start Date

Tenure

Tenure Rank

Dec 17, 2019

2.45

2.5%

Mr. Ibrahim Incoglu is Managing Director of BlackRock, Inc. since 2015 and Director of BlackRock, Inc. from 2009 to 2014. Mr. Incoglu, a Managing Director of BlackRock, is part of the Securitized Assets Investment team and a member of Americas Fixed Income within the Alpha Strategies Group. Mr. Incoglu is a Senior Portfolio Manager and Trader on the Non-Agency desk. His responsibilities include managing Prime, Alt-a, Option Arm and Subprime positions across numerous BlackRock portfolios. Prior to joining BlackRock in 2009, Mr. Incoglu spent more than six years on the sell side at Wachovia Securities, most recently as a Director. He was responsible for managing the synthetic ABS desk, market making and hedging activities. Prior to launching synthetic desk in 2006, Mr. Incoglu was a Senior Trader at Wachovia and traded / made markets on Alt-a, Sub-prime and 2nd liens/ HELOC's (Home Equity Line of Credit). From 2002 to 2003, Mr. Incoglu was an Associate at Bank of America Securities, where he structured up Non-Agency deals, and ran arbitrage to buy and securitize mortgage whole loans. Mr. Incoglu began his career at Ocwen Federal Bank in 2000. He focused on trading of IO's, servicing strips, as well as hedging activities of the derivatives. Mr. Incoglu earned a BS degree in civil engineering from Bogazici University in 1998, and an MBA degree in business administration from the University of Tulsa in 1999.

Samir Lakhani


Start Date

Tenure

Tenure Rank

Dec 17, 2019

2.45

2.5%

Managing Director of BlackRock, Inc. since 2014; Director of BlackRock, Inc. from 2010 to 2013

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.72 3.19