Fixed Income

BORAX

BlackRock Inflation Protected Bond 529 Option

  • NAV as of Oct 30, 2026 $14.98
    52 WK: 14.60 - 15.24
  • 1 Day NAV Change as of Oct 30, 2026 $0.04 (0.27%)
  • NAV Total Return as of Oct 30, 2026 YTD: 0.07%

Overview

Investment Approach

Invests at least 80% of its assets in inflation-indexed bonds of varying maturities issued by the U.S. and non-U.S. governments, their agencies or instrumentalities, and U.S. and non-U.S. corporations.
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Performance

Performance

  1y 3y 5y 10y
Total Return (%) -2.80 3.18 -0.43 1.73
Return w/ Sales Charge (%) -5.71 2.14 -1.04 1.42
Benchmark (%) -1.99 3.75 0.00 2.15
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) -2.47 -2.73 -3.50 -2.80 9.86 -2.15 18.70
Return w/ Sales Charge (%) -5.40 -5.65 -6.40 -5.71 6.56 -5.08 15.14
Benchmark (%) -2.12 -2.61 -3.24 -1.99 11.69 0.00 23.65
  2021 2022 2023 2024 2025
Total Return (%) 5.33 -11.84 3.36 1.52 6.40
Annual w/ Sales Charge (%) 1.12 -15.36 0.26 -1.53 3.21
Benchmark (%) 5.96 -11.85 3.90 1.84 7.01
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.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Oct 30, 2026
$13.6 M
Share Class launch date
Sep 29, 2009
Benchmark Index
Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series L)
Max Offer Price
as of Oct 30, 2026
$15.44
Size of Class (Millions)
as of Oct 30, 2026
$12.7 M
Asset Class
Fixed Income
CUSIP
19452P859
Open to New Investors
Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

30 Day SEC Yield
as of Sep 30, 2026
-3.40%
Yield to Maturity
as of Sep 30, 2026
5.43%
Fund Standard Deviation (3y)
as of Sep 30, 2026
4.42
Average Coupon
as of Sep 30, 2026
3.86%
Yield to Worst
as of Sep 30, 2026
3.38%
Effective Duration
as of Sep 30, 2026
6.31 yrs
Alpha (3y)
as of Sep 30, 2026
-0.05
R-Squared (3y)
as of Sep 30, 2026
98.74
Beta (3y)
as of Sep 30, 2026
1.01
Unsubsidized 30-Day SEC Yield
as of Sep 30, 2026
-3.41%
Weighted Average Life
as of Sep 30, 2026
7.72 yrs
This information must be preceded or accompanied by a current program description. For standardized performance, please see the Performance section above.

Fees

Fees

as of current program description
Gross Expense Ratio 1.48%
Net Expense Ratio 1.48%

Net Expense Ratio excluding Investment Related Expenses is 0.39%

  • Acquired Fund Fees and Expenses 1.09%
  • Interest expense 0.00%

Please refer to the Program Description for complete expense information.

Holdings

Holdings

as of Sep 30, 2026
Name Weight (%)
INFLATION PROTECTED BOND FUND INST 100.04
Detailed Holdings and Analytics
The portfolio holds a mutual fund and/or an ETF. Top holdings from the underlying vehicles are listed above for greater visibility

Exposure Breakdowns

Exposure Breakdowns

as of Sep 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2026

% of Market Value

Type Fund Benchmark Net
as of Sep 30, 2026

% of 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

Harrison Segall
Harrison Segall
Director, Multi-sector Mutual Fund Team, Global Fixed Income

  

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Harrison Segall, Director, is Head of the Global Inflation-Linked Business within BlackRock’s Global Fixed Income (GFI) group. He is the lead decision-maker responsible for alpha strategy development and portfolio construction for global inflation-linked portfolios. He is a portfolio manager for the BlackRock Inflation Protected Bond Fund and the BGF Global Inflation Linked Bond Fund.

 

Prior to his current role, Mr. Segall spent over a decade managing multi-sector fixed income portfolios, with a focus on asset allocation, portfolio design, and U.S. macroeconomic strategy.

 

He joined GFI in 2011 after working in BlackRock Solutions’ Portfolio Analytics Group, where he was responsible for delivering analyses across asset classes to external clients and internal BlackRock portfolio management teams. Mr. Segall began his career at BlackRock in 2008 as an analyst.

 

Mr. Segall earned a B.S. degree in Commerce, with a concentration in Finance, from the University of Virginia in 2008.

Russell Brownback
Russell Brownback
Managing Director, Deputy CIO and Head of Global Macro Positioning Team within Global Fixed Income

    

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Russell Brownback, Managing Director, is Deputy Chief Investment Officer of Global Fixed Income, Head of the Global Macro Positioning, and a member of BlackRock’s Global Fixed Income Executive Committee

 

Mr. Brownback is a co-lead portfolio manager of BlackRock's TriaXial Fund, Core Bond Fund, Inflation Protected Bond Portfolio, Strategic Income Opportunities Portfolio, Strategic Global Bond Fund, Total Return Fund, and the iShares Total Return Active ETF.

 

Prior to joining BlackRock in 2009, Mr. Brownback was a Senior Partner with R3 Capital Partners. From 1992 to 2008, Mr. Brownback was a Managing Director for Lehman Brothers where he was the head of the firm's Corporate & Emerging Market bond trading desks, and he was a Financial, Industrial, Yankee and Emerging Market sector bond trader.

 

Mr. Brownback earned a Bachelor's degree in Economics from Hobart College and a Master's degree in Management from the Kellogg Graduate School at Northwestern University. He has been an adjunct professor for both graduate and undergraduate studies at Syracuse University's Whitman School of Business.

Johan Sjogren
Johan Sjogren
Managing Director, Multi-sector Mutual Fund Team, Global Fixed Income

  

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Johan Sjogren, Managing Director, is a senior Portfolio Manager for the Fundamental European Fixed Income Team, within BlackRock Fundamental Fixed Income. He is the lead manager on the European Fixed Income Strategies Fund (FISF).

 

Before joining BlackRock in 2010, Mr. Sjogren began his career as an analyst at Bank of America Merrill Lynch in 2008.

 

Mr. Sjogren earned his degree in Economics, with First Class Honours, from the University of St Andrews in 2008.

Portfolio Manager

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature

 

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Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. Investing involves risk, including possible loss of principal.

The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

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USR-9694