Fixed Income

BORIX

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
11.07 5.46 4.09 2.75
Benchmark (%) 10.08 5.79 4.61 3.57
Morningstar Category Avg. (%) 5.27 4.24 3.82 3.13
Morningstar Ranking 9/317 - - -
Morningstar Quartile 1 - - -
  YTD 1m 3m 1y 3y 5y 10y
9.79 -0.21 3.49 11.07 17.29 22.21 31.22
Benchmark (%) 9.22 -0.37 3.03 10.08 18.41 25.29 42.08
Morningstar Category Avg. (%) 4.77 -0.14 1.43 5.27 13.27 20.59 36.11
  2015 2016 2017 2018 2019
Total Return (%) - - - - 7.90
Benchmark (%) -1.44 4.68 3.01 -1.26 8.43
Morningstar Category Avg. (%) -1.49 4.17 3.93 -1.00 8.53
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 Nov 25, 2020 $0.1 M
Size of Fund (Millions) as of Nov 25, 2020 $17.7 M
Share Class launch date Jul 15, 2019
Asset Class Fixed Income
Benchmark Index BBG Barc US TIPS Index, Series L
CUSIP 19452P156
Max Offer Price $14.26
Open to New Investors Yes
Expenses as of current program description

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of - -
R-Squared (3y) as of - -
Beta (3y) as of - -
30 Day SEC Yield as of - -
Yield to Maturity as of Oct 30, 2020 0.82%
Yield to Worst as of Oct 30, 2020 -0.66%
Nominal WAL as of Oct 30, 2020 9.12 yrs
Effective Duration 7.78 yrs
Fund Standard Deviation (3y) as of - -
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 0.64%
Net Expense Ratio 0.64%

Net Expense Ratio excluding Investment Related Expenses is 0.14%

  • Acquired Fund Fees and Expenses 0.50%

Ratings

Holdings

Holdings

as of Sep 30, 2020
Name Weight (%)
UNITED STATES TREASURY 109.19
CHINA PEOPLES REPUBLIC OF (GOVERNMENT) 4.34
MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) 0.65
INDONESIA (REPUBLIC OF) 0.43
ISRAEL (STATE OF) 0.29
Name Weight (%)
COLOMBIA (REPUBLIC OF) 0.26
ITALY (REPUBLIC OF) 0.24
SAUDI ARABIA (KINGDOM OF) 0.23
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 0.19
FREMF_17-K61-B 0.16
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 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% of Market Value

Type Fund Benchmark Net
as of Oct 30, 2020

% 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 Oct 30, 2020

% 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

Christopher Allen
Christopher Allen
Gargi Chaudhuri
Gargi Chaudhuri
David Rogal
Managing Director

 

 

Portfolio Manager

Literature

Literature

 

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