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
US09260B3252
09260B325
Apr 19, 1992
$2,000,000
Expense Ratio
PNIGX has an expense ratio of 0.45%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
BlackRock U.S. Government Bond Portfolio (PNIGX) returned 1.90% year-to-date (YTD) and 6.04% over the past 12 months. Over the past 10 years, PNIGX returned 0.96% annually, underperforming the S&P 500 benchmark at 10.85%.
PNIGX
1.90%
-1.42%
0.24%
6.04%
0.62%
-1.41%
0.96%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.45% | 2.58% | 0.00% | 0.33% | -1.42% | 1.90% | |||||||
| 2024 | -0.49% | -1.58% | 0.67% | -2.81% | 2.06% | 1.22% | 2.66% | 1.64% | 1.22% | -2.99% | 1.33% | -1.64% | 1.08% |
| 2023 | 3.35% | -2.36% | 1.94% | 0.51% | -0.80% | -0.57% | -0.24% | -0.80% | -3.56% | -2.02% | 5.28% | 4.33% | 4.74% |
| 2022 | -1.64% | -1.00% | -2.92% | -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% | 0.08% | 6.69% |
| 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% | 0.93% | 1.66% | 0.56% |
| 2017 | 0.10% | 0.58% | -0.09% | 0.57% | 0.67% | -0.20% | 0.18% | 0.84% | -0.48% | -0.19% | -0.17% | 0.14% | 1.95% |
| 2016 | 1.52% | 0.64% | 0.37% | 0.09% | -0.01% | 1.57% | 0.25% | -0.31% | 0.14% | -0.69% | -1.90% | -0.08% | 1.55% |
| 2015 | 1.69% | -0.77% | 0.52% | -0.30% | -0.29% | -0.85% | 0.65% | -0.11% | 0.56% | 0.00% | -0.35% | -0.17% | 0.56% |
| 2014 | 1.55% | 0.37% | -0.11% | 0.75% | 1.03% | 0.08% | -0.20% | 0.74% | -0.29% | 0.65% | 0.74% | 0.22% | 5.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PNIGX is 63, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
BlackRock U.S. Government Bond Portfolio provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.35 | $0.32 | $0.24 | $0.16 | $0.20 | $0.27 | $0.26 | $0.24 | $0.23 | $0.27 | $0.25 |
Dividend yield | 3.99% | 3.86% | 3.46% | 2.59% | 1.48% | 1.84% | 2.56% | 2.59% | 2.33% | 2.25% | 2.58% | 2.34% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 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 | $0.02 | $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 | $0.04 | $0.26 |
| 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 | $0.04 | $0.23 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.27 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.25 |
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.
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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 19.51%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current BlackRock U.S. Government Bond Portfolio drawdown is 7.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.51% | Aug 7, 2020 | 807 | Oct 19, 2023 | — | — | — |
| -11.07% | Sep 29, 1993 | 159 | May 9, 1994 | 365 | Oct 2, 1995 | 524 |
| -4.88% | May 2, 2013 | 88 | Sep 5, 2013 | 182 | May 28, 2014 | 270 |
| -4.11% | Jun 16, 2003 | 42 | Aug 14, 2003 | 140 | Mar 5, 2004 | 182 |
| -4.09% | Nov 5, 2010 | 67 | Feb 10, 2011 | 76 | Jun 1, 2011 | 143 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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