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.
Will BGNIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BGNIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the BGNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of BGNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.