Fixed Income

BPLBX

Inflation Protected Bond Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
-0.68 1.04 -0.18 3.93 4.40
Benchmark (%) Index: BBG Barc US TIPS Index, Series L.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. -0.73 1.62 0.02 3.90 -
Morningstar Category Avg. (%) Inflation-Protected Bond -0.42 1.07 -0.31 3.32 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 136/232 91/198 61/171 10/114 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 3 2 1 -
Lipper Category Avg. (%) Inflation Protected Bond -0.08 0.97 -0.33 3.00 -
Lipper Ranking Rankings are based on total return excluding sales charges. 144/239 100/207 65/172 8/106 -
Lipper Quartile Rankings are based on total return excluding sales charges. 3 2 2 1 -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
1.65 -0.48 0.70 -0.68 3.14 -0.91 47.01 76.98
Benchmark (%) Index: BBG Barc US TIPS Index, Series L.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 1.72 -0.64 0.86 -0.73 4.93 0.10 46.61 -
Morningstar Category Avg. (%) Inflation-Protected Bond 1.56 -0.50 0.82 -0.42 3.24 -1.53 38.61 -
Lipper Category Avg. (%) Inflation Protected Bond 1.54 -0.39 0.84 -0.08 2.95 -1.56 35.05 -


The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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BlackRock Fixed Income Funds Delivered
17 of 22 U.S. bond funds, accounting for 93% of our assets, have 1st quartile performance*
20 of 23 U.S. bond funds, accounting for 87% of our fixed income funds, are priced in the least expensive quartile
See the numbers See the numbers

Key Facts

Key Facts

Size of Class (Millions) as of Dec 15, 2017 $485.2 M
Size of Fund (Millions) as of Dec 15, 2017 $2,505.2 M
Share Class launch date Jun 28, 2004
Asset Class Fixed Income
Morningstar Category Inflation-Protected Bond
Lipper Classification Inflation Protected Bond
Benchmark Index BBG Barc US TIPS Index, Series L
CUSIP 091937755
Number of Holdings as of Nov 30, 2017 59
Max Offer Price as of Dec 15, 2017 $10.49
Open to New Investors Yes
Turnover Percent as of Nov 30, 2017 45%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Nov 30, 2017 97.56
Beta (3y) as of Nov 30, 2017 0.94
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2016 3.75%
Worst 3-Month Return Over the Last 3 Years 3 months ending Dec 31, 2016 -2.29%
Standard Deviation (3y) as of Nov 30, 2017 3.34

For the latest month-end Distribution Yield, click here.


This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Ratings

Ratings

Morningstar Rating

Overall Morningstar Rating for Inflation Protected Bond Fund, Class K, as of Nov 30, 2017 rated against 194 Inflation-Protected Bond Funds.

Morningstar Analyst Rating

Morningstar Analyst Rating - Bronze
Morningstar has awarded the Fund a Bronze medal. Fewer than 10% of US open-end funds hold medalist ratings. (Effective Mar 08, 2017) ‡

Holdings

Holdings

as of Nov 30, 2017
Name Weight (%)
TREASURY (CPI) NOTE 0.125 04/15/2020 5.92
TREASURY (CPI) NOTE 0.125 01/15/2023 5.62
TREASURY (CPI) NOTE 0.125 01/15/2022 5.52
TREASURY (CPI) NOTE 0.25 01/15/2025 5.29
TREASURY (CPI) NOTE 1.125 01/15/2021 5.04
Name Weight (%)
TREASURY (CPI) NOTE 0.625 01/15/2024 4.12
TREASURY (CPI) NOTE 0.125 07/15/2026 4.03
TREASURY (CPI) NOTE 0.375 07/15/2027 3.91
TREASURY (CPI) NOTE 0.75 02/15/2042 3.58
TREASURY (CPI) NOTE 1.375 02/15/2044 3.51

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Nov 30, 2017

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Nov 30, 2017

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Nov 30, 2017

% Market Value

Type Fund Benchmark Net
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Certain transactions the funds may utilize may give rise to a form of leverage through either (a) additional market exposure or (b) borrowing capital in an attempt to increase investment return. The use of such transactions includes certain leverage-related risks, including potential for higher volatility, greater decline of the fund’s net asset value and fluctuations of dividends and distributions paid by the fund.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Martin Hegarty
Head of Inflation-linked Bonds

  

Christopher Allen
Christopher Allen
Portfolio Manager

Literature

Literature

 

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