BlackRock US Mortgage Portfolio (MSUMX)
The investment seeks high total return. The fund invests primarily in mortgage-related securities. Under normal circumstances, it invests at least 80% of its assets in mortgage-backed securities and other mortgage-related securities that are issued by issuers located in the United States. The fund adviser seeks to achieve its investment objective by selecting securities of any maturity. It may also participate in TBA Transactions and enter into dollar rolls. The fund may invest a substantial portion of its assets in non-agency mortgage-related securities that are rated below investment grade or securities determined by fund management to be of similar quality.
Fund Info
| ISIN | US56166L3033 |
|---|---|
| CUSIP | 56166L303 |
| Issuer | BlackRock |
| Inception Date | Jul 28, 2005 |
| Category | Multisector Bonds |
| Min. Investment | $2,000,000 |
| Asset Class | Bond |
Expense Ratio
MSUMX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock US Mortgage Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock US Mortgage Portfolio had a return of 6.81% year-to-date (YTD) and 12.18% in the last 12 months. Over the past 10 years, BlackRock US Mortgage Portfolio had an annualized return of 2.24%, while the S&P 500 had an annualized return of 10.88%, indicating that BlackRock US Mortgage Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.81% | 18.10% |
| 1 month | 1.95% | 1.42% |
| 6 months | 7.11% | 9.39% |
| 1 year | 12.18% | 26.58% |
| 5 years (annualized) | 1.55% | 13.42% |
| 10 years (annualized) | 2.24% | 10.88% |
Monthly Returns
The table below presents the monthly returns of MSUMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | -0.72% | 0.68% | -1.45% | 1.65% | 1.04% | 2.18% | 1.51% | 6.81% | ||||
| 2023 | 3.35% | -1.75% | 0.97% | 0.72% | -0.39% | 0.07% | -0.15% | -0.38% | -2.41% | -1.39% | 4.31% | 3.67% | 6.55% |
| 2022 | -1.45% | -1.67% | -2.86% | -3.35% | -0.10% | -1.57% | 2.54% | -2.13% | -4.45% | -2.05% | 3.26% | -0.39% | -13.58% |
| 2021 | 0.54% | -0.13% | -0.67% | 0.98% | 0.42% | 0.45% | 0.88% | 0.16% | -0.04% | -0.02% | 0.06% | -0.05% | 2.59% |
| 2020 | 0.63% | 0.86% | -4.15% | 2.13% | 1.09% | 1.20% | 0.71% | 0.78% | 0.50% | 0.40% | 0.72% | 0.75% | 5.64% |
| 2019 | 1.03% | 0.00% | 1.41% | 0.02% | 1.10% | 0.98% | 0.67% | 0.56% | 0.16% | 0.35% | 0.16% | 0.25% | 6.88% |
| 2018 | -1.08% | -0.57% | 0.43% | -0.28% | 0.62% | 0.09% | -0.21% | 0.72% | -0.48% | -0.69% | 0.83% | 1.32% | 0.68% |
| 2017 | 0.03% | 0.63% | 0.05% | 0.63% | 0.62% | -0.23% | 0.46% | 0.66% | -0.28% | 0.11% | -0.10% | 0.29% | 2.91% |
| 2016 | 1.04% | 0.27% | 0.47% | 0.37% | 0.19% | 0.75% | 0.73% | 0.22% | 0.30% | -0.20% | -1.53% | -0.28% | 2.33% |
| 2015 | 0.92% | -0.09% | 0.34% | 0.25% | -0.05% | -0.78% | 0.58% | 0.01% | 0.42% | 0.05% | -0.06% | -0.61% | 0.97% |
| 2014 | 2.24% | 0.69% | -0.40% | 1.08% | 1.47% | 0.28% | -0.21% | 0.87% | -0.17% | 0.81% | 0.71% | 0.23% | 7.83% |
| 2013 | 0.19% | 0.43% | -0.07% | 0.99% | -1.50% | -1.63% | -0.15% | -0.11% | 1.59% | 1.05% | -0.57% | -0.67% | -0.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MSUMX is 72, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock US Mortgage Portfolio (MSUMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock US Mortgage Portfolio granted a 5.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.49 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.45 | $0.30 | $0.25 | $0.34 | $0.34 | $0.38 | $0.33 | $0.30 | $0.25 | $0.25 | $0.30 |
Dividend yield | 5.39% | 5.01% | 3.37% | 2.37% | 3.29% | 3.34% | 3.85% | 3.17% | 2.93% | 2.43% | 2.41% | 3.00% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock US Mortgage Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.00 | $0.33 | |||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.45 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.30 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2017 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2013 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock US Mortgage Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock US Mortgage Portfolio was 17.35%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current BlackRock US Mortgage Portfolio drawdown is 2.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.35% | Nov 10, 2021 | 240 | Oct 24, 2022 | — | — | — |
| -8.61% | Feb 6, 2008 | 186 | Oct 30, 2008 | 209 | Aug 31, 2009 | 395 |
| -7.42% | Nov 5, 2010 | 36 | Dec 28, 2010 | 379 | Jun 28, 2012 | 415 |
| -6.95% | Mar 9, 2020 | 13 | Mar 25, 2020 | 67 | Jun 30, 2020 | 80 |
| -4.66% | May 2, 2013 | 45 | Jul 5, 2013 | 145 | Jan 31, 2014 | 190 |
Volatility
Volatility Chart
The current BlackRock US Mortgage Portfolio volatility is 0.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.