BMPAX: BlackRock US Mortgage Portfolio A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

BMPAX BlackRock US Mortgage Portfolio A


Profile

BMPAX - Profile

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $250 M
  • Holdings in Top 10 11.8%

52 WEEK LOW AND HIGH

$10.26
$9.62
$10.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock US Mortgage Portfolio
  • Fund Family Name
    BlackRock
  • Inception Date
    Dec 06, 2010
  • Shares Outstanding
    2615924
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew Kraeger

Fund Description

The fund invests primarily in mortgage-related securities. Under normal circumstances, it invests 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 adviser seeks to achieve its investment objective by selecting securities of any maturity. It may also participate in TBA Transactions and enter into dollar rolls. The fund may invest a substantial portion of its assets in non-agency mortgage-related securities that are rated below investment grade or securities determined by fund management to be of similar quality.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Fund Company Quick Screens

BMPAX - Fund Company Quick Screens


Performance

BMPAX - Performance

Return Ranking - Trailing

Period BMPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -27.9% 5.2% 70.13%
1 Yr 0.8% -28.8% 4.8% 72.73%
3 Yr N/A* -13.4% 2.0% 13.89%
5 Yr N/A* -10.9% 0.9% 8.82%
10 Yr N/A* -3.4% 1.3% 4.44%

* Annualized

Return Ranking - Calendar

Period BMPAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.1% 4.7% 16.88%
2018 N/A -9.3% -1.2% N/A
2017 N/A -2.1% 10.9% N/A
2016 N/A -9.1% 4.1% N/A
2015 N/A -10.6% -0.6% N/A

Total Return Ranking - Trailing

Period BMPAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -27.9% 5.2% 70.13%
1 Yr 0.8% -28.8% 4.8% 72.73%
3 Yr N/A* -13.4% 3.5% 36.11%
5 Yr N/A* -10.9% 2.9% 30.88%
10 Yr N/A* -3.4% 3.5% 6.67%

* Annualized

Total Return Ranking - Calendar

Period BMPAX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -1.1% 5.1% 22.08%
2018 N/A -9.3% 2.0% N/A
2017 N/A -2.1% 10.9% N/A
2016 N/A -9.1% 4.1% N/A
2015 N/A -10.6% 2.5% N/A

NAV & Total Return History


Holdings

BMPAX - Holdings

Concentration Analysis

BMPAX Category Low Category High BMPAX % Rank
Net Assets 250 M 10.3 M 12.7 B 67.53%
Number of Holdings 869 3 3172 23.38%
Net Assets in Top 10 29.4 M -1.95 B 3.13 B 80.52%
Weighting of Top 10 11.84% 5.5% 99.8% 91.04%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High BMPAX % Rank
Bonds
108.03% 83.92% 206.57% 16.88%
Stocks
0.00% 0.00% 1.58% 61.04%
Preferred Stocks
0.00% 0.00% 1.18% 61.04%
Other
0.00% -7.63% 1.70% 48.05%
Convertible Bonds
0.00% 0.00% 3.96% 66.23%
Cash
-8.03% -114.99% 15.22% 87.01%

Bond Sector Breakdown

Weighting Return Low Return High BMPAX % Rank
Securitized
78.01% 39.00% 98.62% 62.34%
Cash & Equivalents
21.06% 1.11% 39.28% 32.47%
Corporate
0.73% 0.00% 20.80% 28.57%
Government
0.20% 0.00% 20.60% 68.83%
Derivative
0.00% 0.00% 7.20% 70.13%
Municipal
0.00% 0.00% 1.38% 67.53%

Bond Geographic Breakdown

Weighting Return Low Return High BMPAX % Rank
US
107.40% 74.10% 173.62% 12.99%
Non US
0.63% 0.00% 32.95% 48.05%

Expenses

BMPAX - Expenses

Operational Fees

BMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.05% 21.33% 45.45%
Management Fee 0.40% 0.00% 1.63% 64.94%
12b-1 Fee 0.25% 0.00% 1.00% 31.58%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 2.25% 4.50% 26.67%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BMPAX 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.

BMPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 7.00% 370.00% 100.00%

Distributions

BMPAX - Distributions

Dividend Yield Analysis

BMPAX Category Low Category High BMPAX % Rank
Dividend Yield 0.00% 0.00% 0.42% 63.64%

Dividend Distribution Analysis

BMPAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BMPAX Category Low Category High BMPAX % Rank
Net Income Ratio 2.50% 0.98% 8.11% 51.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BMPAX - Fund Manager Analysis

Managers

Matthew Kraeger


Start Date

Tenure

Tenure Rank

Aug 28, 2009

10.85

10.9%

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

3.85

3.9%

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

0.54

0.5%

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

0.54

0.5%

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
0.54 24.52 6.87 9.67