Morningstar

BlackRock Impact Mortgage Instl PNIGX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 9.40  /  +0.25 %
  • Total Assets 296.8 Mil
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 1.590%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Intermediate Government
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2.0 Mil
  • Status Open
  • TTM Yield 3.53%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 11:12 PM GMT+0

Morningstar’s Analysis PNIGX

Will PNIGX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PNIGX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PNIGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PNIGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Narrow opportunity set.

Associate Director Brian Moriarty

Brian Moriarty

Associate Director

Summary

BlackRock Impact Mortgage’s 2022 mandate change, which aims to prioritize a narrow sector niche, complicates this seasoned management duo’s task.

by Brian Moriarty
Rated on Published on

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Portfolio Holdings PNIGX

More PNIGX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 48.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association

12.85 38.9 Mil
Securitized

Federal Home Loan Mortgage Corp.

7.97 24.1 Mil
Securitized

Fnma Pass-Thru I

7.60 23.0 Mil
Securitized

Cash Offset

7.14 21.6 Mil
—

Fnma Pass-Thru I

6.58 19.9 Mil
Securitized

Federal Home Loan Mortgage Corp.

6.48 19.6 Mil
Securitized

Fnma Pass-Thru I

5.88 17.8 Mil
Securitized

Federal National Mortgage Association

5.15 15.6 Mil
Securitized

Federal Home Loan Mortgage Corp.

5.05 15.3 Mil
Securitized

Fnma Pass-Thru I

5.03 15.2 Mil
Securitized

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