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Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.23% -5.84% 251.86M 72766.40
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
3.43% 221.0% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks to manage a portfolio of high-quality securities to achieve both preservation of capital and high monthly income. The Fund seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities. The Fund invests at least 80% of its assets in securities that are (i) issued or guaranteed by the U.S. government or one of its agencies or instrumentalities or (ii) rated at the time of investment either AAA by S&P Global Ratings or Aaa by Moody’s Investors Service, Inc. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Long Government
Category Index Bloomberg US Government Long TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Government Bond - General
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
FTSE Mortgage TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Matthew Kraeger 7.93 yrs
Nicholas Kramvis 0.45 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 24, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
2.57%
-2.59%
14.89%
7.35%
-0.45%
-21.52%
7.64%
-5.86%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.13%
8.64%
-1.53%
14.31%
17.57%
-4.98%
-29.35%
3.29%
-8.79%
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--
12.07%
-1.92%
-19.72%
4.91%
-7.04%
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--
--
-4.87%
-41.05%
0.90%
-16.40%
--
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--
--
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3.92%
-3.95%
As of April 24, 2024.

Asset Allocation

As of February 29, 2024.
Type % Net % Long % Short
Cash -28.15% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 128.1% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other -0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to manage a portfolio of high-quality securities to achieve both preservation of capital and high monthly income. The Fund seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities. The Fund invests at least 80% of its assets in securities that are (i) issued or guaranteed by the U.S. government or one of its agencies or instrumentalities or (ii) rated at the time of investment either AAA by S&P Global Ratings or Aaa by Moody’s Investors Service, Inc. The Fund may invest directly in such securities or synthetically through the use of derivatives.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Long Government
Category Index Bloomberg US Government Long TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Government Bond - General
Fund Owner Firm Name BlackRock
Prospectus Benchmark Index
FTSE Mortgage TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Matthew Kraeger 7.93 yrs
Nicholas Kramvis 0.45 yrs

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