BGPAX

About BGPAX

BlackRock Mortgage-Backed Securities Fund Investor A Shares is a mutual fund specializing in investing primarily in securities backed by U.S. government agencies, notably the Government National Mortgage Association (GNMA), as well as other mortgage-related assets and Treasury securities. Its primary function is to provide investors with exposure to the U.S. mortgage market, focusing on securities with maturities typically ranging from five to ten years. The fund is classified within the intermediate-government category, maintaining a portfolio where the vast majority of holdings are backed by the full faith and credit of the U.S. government or its agencies, which helps minimize credit risk. The portfolio is actively managed and characterized by a moderate interest rate sensitivity, with an effective duration in the range of about 5.6 years. The fund is intended for investors seeking income generation and a degree of protection associated with government-backed securities. By concentrating largely in mortgage-backed and government securities, the fund plays a significant role in providing liquidity to the U.S. housing finance sector while aiming to balance income and risk for fixed income investors.