BBGPX

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.