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Fixed Income

BPRAX

Inflation Protected Bond Fund

Overview

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Performance

Performance

  • Returns

  YTD 1m 3m 1y 3y 5y 10y
5.76 0.85 2.49 3.76 4.97 4.41 33.63
1.53 -3.18 -1.61 -0.39 0.77 0.23 28.29
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. 6.15 0.86 2.86 4.84 6.38 9.09 42.94
Morningstar Category Avg. (%) Inflation-Protected Bond 5.80 0.78 2.51 4.11 5.88 6.23 36.26
Lipper Category Avg. (%) Inflation Protected Bond 5.51 0.76 2.35 3.87 5.95 5.63 34.16
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 Fund’s returns prior to September 17, 2018 are the returns of a predecessor fund that reorganized into the Fund on September 17, 2018. The predecessor fund had the same investment objectives, strategies and policies, portfolio management team and contractual arrangements, including the same contractual fees and expenses, as the Fund as of the date of the reorganization. As a result, the performance of the Fund would have been substantially similar to that of the predecessor fund.

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
BlackRock Fixed Income Funds Delivered
21 of 24 U.S. bond funds, accounting for 99% of our active mutual fund assets, outperformed within their Morningstar peer groups. Based on institutional share class.*

Key Facts

Key Facts

Size of Class (Millions) as of Jul 22, 2019 $256.1 M
Size of Fund (Millions) as of Jul 22, 2019 $2,084.9 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 09260B572
Number of Holdings as of Jun 28, 2019 48
Max Offer Price as of Jul 22, 2019 $10.84
Open to New Investors Yes
Turnover Percent as of Jun 30, 2019 176%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Jun 30, 2019 97.83
Beta (3y) as of Jun 30, 2019 0.95
Best 3-Month Return Over the Last 3 Years 3 months ending May 31, 2019 3.41%
Worst 3-Month Return Over the Last 3 Years 3 months ending Nov 30, 2018 -2.44%
Fund Standard Deviation (3y) as of Jun 30, 2019 2.81

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

Lipper Leader

 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Jun 30, 2019 out of 194, 5,787, 194, 121 and 194 Funds, respectively in Lipper's Inflation Protected Bond classification.

Holdings

Holdings

as of Jun 28, 2019
Name Weight (%)
TREASURY (CPI) NOTE 0.5 04/15/2024 10.24
TREASURY (CPI) NOTE 0.625 04/15/2023 5.69
TREASURY (CPI) NOTE 0.125 04/15/2021 3.84
TREASURY (CPI) NOTES 0.125 04/15/2022 3.75
TREASURY (CPI) NOTE 0.625 01/15/2024 3.74
Name Weight (%)
TREASURY (CPI) NOTE 0.375 07/15/2023 3.72
TREASURY (CPI) NOTE 0.125 01/15/2023 3.69
TREASURY (CPI) NOTE 0.125 07/15/2022 3.68
TREASURY (CPI) NOTE 0.375 07/15/2025 3.66
TREASURY (CPI) NOTE 0.25 01/15/2025 3.63

Exposure Breakdowns

Exposure Breakdowns

Type Fund Benchmark Net
Type Fund Benchmark Net
Type Fund Benchmark Net
as of Jun 28, 2019

% Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Jun 28, 2019

% Market Value

Type Fund Benchmark Net
Type Fund Benchmark Net
as of Jun 28, 2019

% 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

Christopher Allen
Christopher Allen
David Rogal
Managing Director

 

 

Portfolio Manager

Literature

Literature

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