BlackRock GNMA Instl (BGNIX) Fund Ranking and Research

Ranking, Research and Recommendation of BlackRock GNMA Instl (BGNIX) Fund

Last Trade: $9.96 on 5/24/2013, Change: 0.00 (0%)

 

Fund Manager - Akiva Dickstein

Fund Manager Information

Fund Manager Tenure: 3.4 years
Fund Family: BlackRock
Fund Category: Intermediate Government
Fund Performance: Feb 27, 2013
Fundmojo Fund Grade: A (Score: 0.77)     (What does this score mean?)

 

BlackRock GNMA Instl Fund (BGNIX) Profile

Fund Profile and Description

BlackRock GNMA Instl Fund seeks total return, consistent with income generation and prudent investment management. BlackRock GNMA Instl Fund invests primarily in securities issued by the GNMA as well as other U.S. government securities in the five to ten year maturity range. It invests at least 80% of assets in GNMA securities.

 

 What we like about BlackRock GNMA Instl (BGNIX) Fund

Data for BlackRock GNMA Instl Fund (BGNIX) as of Feb 27, 2013

• BlackRock GNMA Instl Fund (BGNIX) management has been with BlackRock GNMA Instl Fund for 3.4 years
• BlackRock GNMA Instl Fund (BGNIX) has good short-term performance (1-year return 3.34% vs 2.10% Intermediate Government category median performance)
• BlackRock GNMA Instl Fund (BGNIX) has good mid-term performance (3-year return 5.56% vs 4.25% Intermediate Government category median performance)
• BlackRock GNMA Instl Fund (BGNIX) has good Long-term performance (5-year return 6.06% vs 4.59% Intermediate Government category median performance)
• BlackRock GNMA Instl Fund (BGNIX) ratio of up-years vs down years is greater than 2
• BlackRock GNMA Instl Fund (BGNIX) has a Morningstar rating of 4 and above
• BlackRock GNMA Instl Fund (BGNIX) is less volatile than its peers as it has a 3-year Standard Deviation of 2.15, lower than category average of 2.3
• BlackRock GNMA Instl Fund (BGNIX) has a lower expense ratio than its Intermediate Government average: 0.55% vs 0.97%
• BlackRock GNMA Instl Fund (BGNIX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

 What we are cautious about BlackRock GNMA Instl (BGNIX) Fund

Data for BlackRock GNMA Instl Fund (BGNIX) as of Feb 27, 2013

• BlackRock GNMA Instl Fund (BGNIX) has an annual stock turnover rate of 741.00% that is higher than the Intermediate Government average of 223.91%. This could mean BlackRock GNMA Instl is more nimble, but also signal potential high tax impact and high trading fees
• Asset base in BlackRock GNMA Instl Fund (BGNIX) has been consistently decreasing in the last 2 months. It shows lacks of investor confidence and market support

See BlackRock GNMA Instl Fund (BGNIX) performance details as of Feb 27, 2013

 

Compare with other top Intermediate Government category mutual funds

Aadditional top Intermediate Government mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
BlackRock GNMA Instl	-0.08	3.34	5.56	6.06
Columbia US Govt Mortgage A (AUGAX)	0.10	5.58	7.94	6.78	Compare
Forward Mortgage Securities Instl (AMSFX)	-0.54	5.12	5.57	5.96	Compare
Fidelity GNMA Fund (FGMNX)	0.03	2.62	5.29	5.92	Compare

See top fund managers for Intermediate Government Category Funds

 

Compare with Intermediate Government category ETFs

Some Intermediate Government ETFs for your consideration

ETF	Year to Date	One Year	Three Year
Schwab Intermediate-Term U.S. Trsy ETF (SCHR)	0.17%	2.54%	0
Vanguard Interm-Tm Govt Bd Idx ETF (VGIT)	0.13%	2.45%	5.55%
PIMCO 3-7 Year U.S. Treasury Index ETF (FIVZ)	0.04%	2.08%	4.82%
iShares Barclays 3-7 Year Treasury Bond (IEI)	0.22%	2.06%	4.80%
iShares Barclays Agency Bond (AGZ)	0.11%	1.66%	2.95%

 

BlackRock GNMA Instl (BGNIX) Fund Net Asset

Track net asset change of BlackRock GNMA Instl fund (BGNIX)

Date	Net Asset
02/2013	$1.41B
01/2013	$1.47B
12/2012	$1.50B

More historic net asset information on BlackRock GNMA Instl Fund (BGNIX)

  

BlackRock GNMA Instl (BGNIX) Fund Portfolio Allocation

Track portfolio allocation change of BlackRock GNMA Instl fund (BGNIX)

Date	Cash	Stock	Bond	Other
01/2013	0.53%	0%	90.41%	0.08%
11/2012	0.82%	0%	86.17%	0.06%
10/2012	1.14%	0%	87.24%	0.06%

Click here to see more historic asset allocation information on BlackRock GNMA Instl Fund (BGNIX)

 

Top 10 Holdings in BlackRock GNMA Instl (BGNIX) Fund

Discover what BlackRock GNMA Instl Fund (BGNIX) manager is buying

Jan 30, 2013 GNMA 4.5% [12.37%] Ginnie Mae Single Family TBA 4.5% 2043-02-01 [11.13%] Fannie Mae Single Family TBA 6% 2043-03-01 [8.79%] GNMA 3.5% [5.99%] Fannie Mae Single Family TBA 3% 2043-02-01 [5.78%] Ginnie Mae Jumbos TBA 3% 2043-02-01 [5.5%] GNMA 4% [4.79%] Ginnie Mae Single Family TBA 3.5% 2043-02-01 [4.57%] FNMA 6% [4.46%]

Nov 29, 2012 Ginnie Mae Jumbos TBA 4.5% 2042-01-01 [18.3%] Ginnie Mae Single Family TBA 4.5% 2042-01-01 [18.18%] Ginnie Mae Jumbos TBA 3% 2042-12-01 [9.86%] GNMA 3.5% [6.01%] Ginnie Mae Jumbos TBA 3.5% 2042-12-01 [5.53%] Fannie Mae Single Family TBA 6% 2042-12-01 [5.4%] GNMA 4% [4.95%] FNMA 6% [4.85%] Ginnie Mae Single Family TBA 5.5% 2042-12-01 [4.75%]

Oct 30, 2012 Ginnie Mae Jumbos TBA 4.5% 2042-11-01 [22.19%] Ginnie Mae Single Family TBA 4.5% 2042-12-01 [9.02%] Ginnie Mae Jumbos TBA 3% 2042-11-01 [8.05%] GNMA 3.5% [6%] Ginnie Mae Single Family TBA 5% 2042-11-01 [5.68%] FNMA 6% [4.44%] GNMA 4% [4.25%]

Click here for Stock Holding Change Map in BlackRock GNMA Instl Fund (BGNIX)

  

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Popular pages on BlackRock GNMA Instl (BGNIX) Fund

• BlackRock GNMA Instl (BGNIX) Fund Research and Recommendation
• BlackRock GNMA Instl (BGNIX) Fund Performance Data
• BlackRock GNMA Instl (BGNIX) Fund Manager Information
• Historic BlackRock GNMA Instl (BGNIX) Fund Asset Allocation Report
• Historic BlackRock GNMA Instl (BGNIX) Fund Top 10 Holding Tracking
• Historic BlackRock GNMA Instl (BGNIX) Fund Asset Under Management Tracking