Fixed Income

BGF US Government Mortgage Impact Fund

Overview

Loading

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

Performance

Chart

View full Chart
Chart
Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying Values. Range: -15 to 10.
End of interactive chart.
During this period performance was achieved under circumstances that no longer apply
  2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Return (%) 0.80 1.38 1.89 -0.46 6.78 5.47 -1.47 -12.91 3.59 0.83
Benchmark (%) 1.56 1.59 2.47 1.01 6.68 4.03 -1.24 -11.81 5.05 1.20

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

  1y 3y 5y 10y Incept.
7.25 0.63 -1.38 0.55 1.69
Benchmark (%) 8.99 1.86 -0.78 1.14 1.96
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
2.31 0.00 1.94 2.20 7.25 1.89 -6.73 5.66 28.94
Benchmark (%) 3.35 0.29 2.83 3.00 8.99 5.67 -3.85 12.00 34.31
Past performance is not a guide to future performance. Investors may not get back the full amount invested.

Performance is calculated based on the period NAV-to-NAV with dividend reinvested. Performance figures are calculated net of fees.

These figures show by how much the Share Class of the Fund increased or decreased in value during the period being shown. Performance is calculated in the relevant share class currency, including ongoing charges and taxes and excluding subscription and redemption fees, if applicable.

Where no past performance is shown there was insufficient data available in that period to provide performance.

Please refer to the Key Facts section for the inception date of the Fund and the Share Class.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

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

Net Assets of Fund
as of 02-May-2025
USD 75,871,458
Fund Inception
02-Aug-1985
Fund Base Currency
USD
Benchmark
Bloomberg US MBS Index
Initial Charge
5.00%
ISIN
LU0424777026
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade date + 3 days
Bloomberg Ticker
MLUGEDA
SFC-authorised ESG fund
Yes
Share Class Inception Date
26-Feb-2010
Share Class Currency
USD
Asset Class
Fixed Income
SFDR Classification
Article 9
Management Fee
0.40%
Management Fee (incl Distribution Fee, if any)
0.40%
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
USD Government Bond
Dealing Frequency
Daily, forward pricing basis
SEDOL
B3VXXF4
For Fee details, please refer to the Fund Prospectus.

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 31-Mar-2025
154
3y Beta
as of 30-Apr-2025
0.926
Modified Duration
as of 31-Mar-2025
5.61 yrs
Effective Duration
as of 31-Mar-2025
5.36
WAL to Worst
as of 31-Mar-2025
7.55
Standard Deviation (3y)
as of 30-Apr-2025
7.86%
Yield to Maturity
as of 31-Mar-2025
5.07
Yield to Worst
as of 31-Mar-2025
5.07
Weighted Avg Maturity
as of 31-Mar-2025
7.55

Sustainability-related Disclosures

Sustainability-related Disclosures

This section provides sustainability-related information about the Fund, pursuant to Article 10 SFDR.

Ratings

Morningstar Rating

3 stars
As of 30-Apr-2025
Morningstar, Inc. All Rights Reserved.

Holdings

Holdings

as of 31-Mar-2025
Name Weight (%)
GNMA2 30YR 42.20
FNMA 30YR UMBS 24.00
FHLMC 30YR UMBS 16.69
GNMA2 30YR TBA(REG C) 4.44
GNMA_21-191B BI 1.61
Name Weight (%)
GNMA2 30YR 2023 PRODUCTION 0.83
GNMA2 30YR 2020 PRODUCTION 0.80
FHMR_20-P003 A2 0.63
FHLMC_4398 ZX 0.45
FNMA_17-76 PB 0.43
The Fund is actively managed and its composition will vary. Holdings shown are for illustrative purposes only and should not be deemed as a recommendation to buy or sell the securities listed. Fund details, holdings and characteristics are as of the date noted and subject to change.
Holdings subject to change.

Exposure Breakdowns

Exposure Breakdowns

as of 31-Mar-2025

% of Weight

as of 31-Mar-2025

% of Weight

as of 31-Mar-2025

% of Weight

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.
Due to rounding, the total may not be equal to 100%

Pricing & Exchange

Pricing & Exchange

Unless otherwise specified, all information as of the month end.

Portfolio Managers

Portfolio Managers

Matthew Kraeger
Matthew Kraeger
Siddharth Mehta
Siddharth Mehta

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Documents

Documents