BMPCX

About BMPCX

BlackRock U.S. Mortgage Fund Investor C Shares is an actively managed mutual fund focused on generating income from U.S. mortgage-related securities. Managed by BlackRock’s fixed income team, it primarily invests in agency and non-agency residential mortgage-backed securities and complements these with securitized credit such as asset-backed securities, agency CMOs, and collateralized loan obligations to diversify mortgage exposure and manage interest-rate and credit risks. The portfolio targets intermediate interest-rate sensitivity, with a recent effective duration around three years and a weighted average life near five to six years, aiming to balance income with price stability across rate cycles. The strategy employs derivatives and Treasury futures for hedging and positioning, reflecting a flexible toolkit to adjust duration and sector allocations. Morningstar notes the fund’s historic emphasis on mortgages—typically at least 80%—as a defining characteristic within the securitized universe. In the U.S. fixed income market, the fund serves as a specialized vehicle for accessing mortgage cash flows and securitized credit, leveraging BlackRock’s scale and analytics to source liquidity and manage prepayment, extension, and credit risks across cycles.