Fixed Income

BORCX

Inflation Protected Bond 529 Option

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

This fund does not have any distributions.
  1y 3y 5y 10y
2.64 -2.08 2.26 1.47
1.64 -2.08 2.26 1.47
Benchmark (%) 3.90 -1.00 3.15 2.42
Morningstar Category Avg. (%) 6.33 -2.30 1.57 1.77
Morningstar Ranking 433/447 144/357 72/230 134/156
Morningstar Quartile 4 2 1 4
  YTD 1m 3m 1y 3y 5y 10y
2.64 2.39 4.10 2.64 -6.11 11.84 15.69
1.64 1.39 3.10 1.64 -6.11 11.84 15.69
Benchmark (%) 3.90 2.69 4.71 3.90 -2.96 16.79 27.02
Morningstar Category Avg. (%) 6.33 3.25 5.98 6.33 -6.75 8.11 19.13
  2019 2020 2021 2022 2023
Total Return (%) 7.05 10.50 4.53 -12.48 2.64
Benchmark (%) 8.43 10.99 5.96 -11.85 3.90
Morningstar Category Avg. (%) 8.53 6.66 -0.14 -11.58 6.33

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.

Key Facts

Key Facts

Size of Class (Millions) as of Mar 27, 2024 $1.1 M
Size of Fund (Millions) as of Mar 27, 2024 $16.4 M
Share Class launch date Oct 05, 2009
Asset Class Fixed Income
Benchmark Index Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (USD)
CUSIP 19452P842
Max Offer Price $12.44
Open to New Investors Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of Feb 29, 2024 -0.09
R-Squared (3y) as of Feb 29, 2024 99.09
Beta (3y) as of Feb 29, 2024 1.01
30 Day SEC Yield as of Feb 29, 2024 -4.10%
Yield to Maturity as of Feb 29, 2024 4.61%
Yield to Worst as of Feb 29, 2024 2.37%
Nominal WAL as of Feb 29, 2024 8.81 yrs
Effective Duration 6.28 yrs
Fund Standard Deviation (3y) as of Feb 29, 2024 7.26
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 1.14%

  • Acquired Fund Fees and Expenses 0.34%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of Feb 29, 2024
Name Weight (%)
N/A Issuer Name 100.05
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 Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
Allocations subject to change.
as of Feb 28, 2020

% of Market Value

Type Fund Benchmark Net
as of Feb 29, 2024

% of Market Value

Type Fund Benchmark Net
as of Feb 28, 2020

% 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

David Rogal
Managing Director, Global Fixed Income, Head of Core and Core Plus Fixed Income Strategies, Head of Inflation Linked Portfolios

 

 

Christopher Allen
Christopher Allen
Gargi Pal Chaudhuri
Head of iShares Investment Strategy Americas at BlackRock

Gargi Pal Chaudhuri, Managing Director, is Head of iShares Markets & Investment Strategy for ETF and index investments. Based in New York, she and her team focus primarily on delivering global macro thought leadership, investment insights and content to both retail and institutional clients of the firm. With over two decades of experience in the financial services industry, Gargi has built her career around portfolio management in the fixed income markets, trading and macro strategy.

Portfolio Manager

Literature

Literature

 

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