Fixed Income

BORAX

BlackRock Inflation Protected Bond 529 Option

  • NAV as of Dec 05, 2025 $15.01
    52 WK: 14.00 - 15.16
  • 1 Day NAV Change as of Dec 05, 2025 $-0.03 (-0.20%)
  • NAV Total Return as of Dec 05, 2025 YTD: 6.68%

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 (%) 3.37 4.56 1.13 2.56
Return w/ Sales Charge (%) 0.27 3.50 0.52 2.25
Benchmark (%) 3.79 4.88 1.42 3.01
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%) 6.75 0.33 2.11 3.37 14.31 5.78 28.82
Return w/ Sales Charge (%) 3.55 -2.68 -0.96 0.27 10.88 2.60 24.95
Benchmark (%) 6.87 0.43 2.10 3.79 15.38 7.32 34.46
  2020 2021 2022 2023 2024
Total Return (%) 11.33 5.33 -11.84 3.36 1.52
Annual w/ Sales Charge (%) 6.88 1.12 -15.36 0.26 -1.53
Benchmark (%) 10.99 5.96 -11.85 3.90 1.84

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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 Dec 05, 2025
$14.9 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 Dec 05, 2025
$15.47
Size of Class (Millions)
as of Dec 05, 2025
$13.8 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 Oct 31, 2025
4.09%
Yield to Maturity
as of Oct 31, 2025
4.03%
Fund Standard Deviation (3y)
as of Oct 31, 2024
7.37
Average Coupon
as of Oct 31, 2025
-0.01%
Yield to Worst
as of Oct 31, 2025
1.79%
Effective Duration
as of Oct 31, 2025
6.61 yrs
Alpha (3y)
as of Oct 31, 2024
-0.02
R-Squared (3y)
as of Oct 31, 2024
99.23
Beta (3y)
as of Oct 31, 2024
1.02
Unsubsidized 30-Day SEC Yield
as of Oct 31, 2025
4.09%
Nominal WAL
as of Oct 31, 2025
7.89 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%

Holdings

Holdings

as of Oct 31, 2025
Name Weight (%)
INFLATION PROTECTED BOND FUND INST 100.02
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 Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

% of Market Value

Type Fund Benchmark Net
as of Oct 31, 2025

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

    

Read More

Russell Brownback, Managing Director, is Deputy Chief Investment Officer of Global Fixed Income. Mr. Brownback is the lead investor for Core and Core Plus, and Inflation Linked Strategies. In addition, he is a co-lead manager of the Strategic Income Opportunities Fund and flexible global aggregate mandates, including BlackRock Strategic Global Bond Fund.

 

Prior to joining BlackRock in 2009, Mr. Brownback was a Senior Partner with R3 Capital Partners. From 1992 to 2008, he was with Lehman Brothers, most recently as a Managing Director and proprietary trader/portfolio manager for the Global Principal Strategies team.

 

Previously, he was the head of the firm's Corporate Bond trading desk and an industrial sector bond trader. During his tenure, he also traded emerging markets and cross over sovereign bonds.

 

Mr. Brownback earned a BA degree in economics from Hobart College in 1987 and an MBA from the J.L. Kellogg Graduate School of Management 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
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