- ISIN
- US09260B3252
- CUSIP
- 09260B325
- Issuer
- BlackRock
- Inception Date
- Apr 19, 1992
- Category
- Government Bonds
- Min. Investment
- $2,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PNIGX Performance Chart
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Returns By Period
BlackRock U.S. Government Bond Portfolio
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PNIGX Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.46% | 2.57% | -0.03% | 0.32% | -1.09% | 1.89% | -0.44% | 1.44% | 1.41% | 6.68% | |||
| 2024 | -0.49% | -1.58% | 0.67% | -3.09% | 2.09% | 1.22% | 2.66% | 1.64% | 1.19% | -2.99% | 1.34% | -1.64% | 0.79% |
| 2023 | 3.35% | -2.36% | 1.94% | 0.51% | -0.80% | -0.85% | -0.24% | -0.80% | -3.25% | -2.65% | 5.28% | 4.33% | 4.11% |
| 2022 | -1.64% | -1.00% | -2.92% | -3.29% | 0.56% | -1.42% | 1.96% | -3.00% | -5.15% | -1.60% | 4.24% | -1.06% | -13.73% |
| 2021 | -0.31% | -1.07% | -0.96% | 0.61% | 0.03% | 0.33% | 0.78% | -0.08% | -0.52% | -0.28% | 0.37% | -0.25% | -1.36% |
Benchmark Metrics
BlackRock U.S. Government Bond Portfolio has an annualized alpha of 3.95%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since April 21, 1992.
- This fund captured 9.79% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.06%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.95%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 9.79%
- Downside Capture
- -6.06%
Expense Ratio
PNIGX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock U.S. Government Bond Portfolio (PNIGX) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
BlackRock U.S. Government Bond Portfolio provided a 0.98% dividend yield over the last twelve months, with an annual payout of $0.09 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.09 | $0.32 | $0.27 | $0.18 | $0.15 | $0.20 | $0.27 | $0.26 | $0.24 | $0.23 | $0.27 |
Dividend yield | 0.98% | 3.57% | 2.90% | 1.95% | 1.39% | 1.84% | 2.56% | 2.59% | 2.32% | 2.24% | 2.57% |
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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.24 | |||
| 2024 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.02 | $0.27 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.18 |
| 2021 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.15 |
| 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 |
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 20.29%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -20.29%Oct 2023 | 3y 2mo | — | 5y 10moAug 2020 - now |
1994 pullback1994 | -5.84%May 1994 | 3mo 7d | 10mo 11d | 1y 1moFeb 1994 - Mar 1995 |
2013 pullback2013 | -5.07%Sep 2013 | 4mo 6d | 8mo 25d | 1y 26dMay 2013 - May 2014 |
2003 pullback2003 | -4.11%Aug 2003 | 2mo 10d | 6mo 13d | 8mo 23dJun 2003 - Mar 2004 |
2011 pullback2011 | -4.09%Feb 2011 | 3mo 7d | 3mo 21d | 6mo 28dNov 2010 - Jun 2011 |
Drawdown Indicators
| PNIGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -56.78% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -10.72% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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