BlackRock Mortgage-Backed Secs K (BBGPX)
| Fund Assets | 218.19M |
| Expense Ratio | 0.38% |
| Min. Investment | $5,000,000 |
| Turnover | 1,338.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 4.09% |
| Dividend Growth | 9.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 7.91 |
| YTD Return | 2.53% |
| 1-Year Return | 0.83% |
| 5-Year Return | -6.22% |
| 52-Week Low | 7.65 |
| 52-Week High | 8.17 |
| Beta (5Y) | n/a |
| Holdings | 585 |
| Inception Date | Dec 19, 2002 |
About BBGPX
The BlackRock Mortgage-Backed Securities Fund Class K is an institutional mutual fund that primarily invests in **U.S. agency mortgage-backed securities**. Its core function is to provide exposure to a diversified portfolio of bonds backed by residential mortgages, with a significant portion of its holdings in securities issued or guaranteed by government-sponsored entities like the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), and Government National Mortgage Association (Ginnie Mae). The fund is designed to deliver income and relatively stable returns, with a focus on the **intermediate government bond sector**, and it maintains a diversified pool of several hundred holdings across mortgage-backed instruments. This fund is notable for its strict adherence to high-credit-quality assets, prioritizing securities broadly considered to have strong government backing or conservatorship, thereby aiming to mitigate credit risk. Its portfolio reflects active management, with regular rebalancing and allocations that respond to shifts in mortgage markets and regulatory context—especially relevant post-2008 financial reforms. With an effective duration typically around five to six years and a current yield near 4%, the BlackRock Mortgage-Backed Securities Fund Class K serves as a specialist tool for institutional investors seeking diversified, income-generating exposure to U.S. mortgage-backed securities within the broader fixed income market.
Performance
BBGPX had a total return of 0.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.78%.
Top 10 Holdings
80.50% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association | FNCL.2 7.13 | 16.03% |
| Federal National Mortgage Association | FNCL.2.5 7.11 | 14.04% |
| Federal National Mortgage Association | FNCL.5.5 7.11 | 10.90% |
| Federal National Mortgage Association | FNCL.6 7.11 | 9.90% |
| United States Treasury Bills | B.0 09.11.25 | 6.64% |
| Federal National Mortgage Association | FNCL.3.5 7.11 | 5.83% |
| Federal National Mortgage Association | FNCL.3 7.11 | 5.39% |
| Federal National Mortgage Association | FNCI.2 7.12 | 5.23% |
| Government National Mortgage Association | G2.787004 | 3.48% |
| Government National Mortgage Association | G2SF.5.5 7.11 | 3.07% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.028 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0277 | Jun 30, 2025 |
| May 30, 2025 | $0.0284 | May 30, 2025 |
| Apr 30, 2025 | $0.0273 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0277 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0273 | Feb 28, 2025 |