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BlackRock GNMA Instl BGNIX

Analyst rating as of
NAV / 1-Day Return
8.28  /  0.74 %
Total Assets
398.5 Mil
Adj. Expense Ratio
0.420%
Expense Ratio
0.420%
Fee Level
Average
Longest Manager Tenure
12.50 years
Category
Intermediate Government
Credit Quality / Interest Rate Sensitivity
High / Moderate
Min. Initial Investment
2,000,000
Status
Open
TTM Yield
1.89%
Effective Duration
6.03 years

Morningstar’s Analysis

Will BGNIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Veteran managers fail to demonstrate a sustainable edge in a tough category for outperformance.

Summary

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BlackRock GNMA boasts a seasoned and well-resourced team, but the strategy’s approach does not distinguish itself in the competitive intermediate government Morningstar Category. It earns a Morningstar Analyst Rating of Neutral across its cheaper share class offerings, while its priciest option earns a Negative rating.

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