BlackRock U.S. Government Bond Portfolio (PNIGX)
Under normal circumstances, the fund invests at least 80% of its assets in bonds that are issued or guaranteed by the U.S. government and its agencies. It invests primarily in the highest rated government and agency bonds and maintains an average portfolio duration that is within ±20% of the Bloomberg Barclays U.S. government/Mortgage Index. The fund may also invest up to 5% of its assets in dollar-denominated investment grade securities that are rated below the highest rating category at the time of purchase.
Fund Info
| ISIN | US09260B3252 |
|---|---|
| CUSIP | 09260B325 |
| Issuer | BlackRock |
| Inception Date | Apr 19, 1992 |
| Category | Government Bonds |
| Min. Investment | $2,000,000 |
| Asset Class | Bond |
Expense Ratio
PNIGX 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 U.S. Government Bond 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 U.S. Government Bond Portfolio had a return of 1.64% year-to-date (YTD) and 9.07% in the last 12 months. Over the past 10 years, BlackRock U.S. Government Bond Portfolio had an annualized return of 0.85%, while the S&P 500 had an annualized return of 11.43%, indicating that BlackRock U.S. Government Bond Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.64% | 25.82% |
| 1 month | -1.19% | 3.20% |
| 6 months | 3.93% | 14.94% |
| 1 year | 9.07% | 35.92% |
| 5 years (annualized) | -0.43% | 14.22% |
| 10 years (annualized) | 0.85% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PNIGX, 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 | -0.49% | -1.58% | 0.67% | -2.81% | 2.06% | 1.22% | 2.66% | 1.64% | 1.21% | -2.99% | 1.64% | ||
| 2023 | 3.35% | -2.36% | 1.94% | 0.51% | -0.80% | -0.57% | -0.24% | -0.80% | -3.56% | -2.02% | 5.28% | 4.34% | 4.74% |
| 2022 | -1.64% | -1.00% | -2.91% | -3.29% | 0.56% | -1.27% | 2.15% | -3.01% | -5.17% | -1.57% | 4.24% | -0.79% | -13.19% |
| 2021 | -0.31% | -1.07% | -0.96% | 0.61% | 0.03% | 0.33% | 0.78% | -0.08% | -0.52% | -0.18% | 0.37% | -0.26% | -1.27% |
| 2020 | 1.50% | 1.76% | 1.47% | 1.00% | 0.05% | 0.23% | 0.77% | -0.49% | 0.17% | -0.23% | 0.22% | 0.03% | 6.63% |
| 2019 | 0.72% | -0.18% | 1.72% | -0.23% | 1.81% | 1.09% | 0.11% | 2.11% | -0.55% | 0.19% | -0.09% | 0.02% | 6.88% |
| 2018 | -1.08% | -0.70% | 0.67% | -0.61% | 0.88% | 0.01% | -0.37% | 0.72% | -0.95% | -0.57% | 0.94% | 1.54% | 0.44% |
| 2017 | 0.10% | 0.58% | -0.09% | 0.57% | 0.67% | -0.20% | 0.18% | 0.84% | -0.48% | -0.19% | -0.17% | 0.12% | 1.93% |
| 2016 | 1.52% | 0.64% | 0.37% | 0.09% | -0.01% | 1.57% | 0.25% | -0.31% | 0.14% | -0.69% | -1.90% | -0.28% | 1.35% |
| 2015 | 1.69% | -0.76% | 0.52% | -0.30% | -0.29% | -0.85% | 0.65% | -0.11% | 0.56% | 0.00% | -0.35% | -0.55% | 0.18% |
| 2014 | 1.55% | 0.37% | -0.11% | 0.75% | 1.03% | 0.08% | -0.20% | 0.74% | -0.29% | 0.65% | 0.74% | 0.00% | 5.43% |
| 2013 | -0.38% | 0.44% | -0.02% | 0.93% | -1.54% | -1.67% | -0.10% | -0.41% | 1.13% | 0.74% | -0.51% | -1.35% | -2.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PNIGX is 12, indicating that it is in the bottom 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock U.S. Government Bond Portfolio provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.32 | $0.24 | $0.16 | $0.20 | $0.27 | $0.25 | $0.24 | $0.21 | $0.23 | $0.23 | $0.23 |
Dividend yield | 3.70% | 3.46% | 2.59% | 1.48% | 1.79% | 2.56% | 2.47% | 2.31% | 2.06% | 2.20% | 2.13% | 2.17% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock U.S. Government Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 | |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.24 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.20 |
| 2019 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $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 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 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 | $0.23 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
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 U.S. Government Bond 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 U.S. Government Bond Portfolio was 19.56%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current BlackRock U.S. Government Bond Portfolio drawdown is 9.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.56% | Aug 7, 2020 | 807 | Oct 19, 2023 | — | — | — |
| -11.07% | Sep 29, 1993 | 159 | May 9, 1994 | 365 | Oct 2, 1995 | 524 |
| -5.84% | Nov 5, 2010 | 67 | Feb 10, 2011 | 124 | Aug 9, 2011 | 191 |
| -4.88% | May 2, 2013 | 88 | Sep 5, 2013 | 237 | Aug 14, 2014 | 325 |
| -4.11% | Jun 16, 2003 | 51 | Aug 27, 2003 | 131 | Mar 5, 2004 | 182 |
Volatility
Volatility Chart
The current BlackRock U.S. Government Bond Portfolio volatility is 1.77%, 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.