Top BlackRock Bond Mutual Fund
The BlackRock Inflation Protected Bond Fund aim is to maximize real return, consistent with preservation of real capital and prudent investment management. This mutual fund utilizes its assets to purchase 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.This BlackRock fund may invest >20% of its assets in non-investment grade bonds or securities of emerging market issuers (i.e. junk bonds). The fund maintains an average portfolio duration that is within ±20% of the duration of the Barclays Global Real: U.S. TIPS Index. It is non-diversified.
BlackRock Inflation Protected Bond Fund Profile
- Fund Inception Date: June 27, 2004
- Ticker Symbol: BPRAX
- CUSIP: 091937722
- Beta (3yr): 1.05
- Rank in category (YTD): 35%
- Category: Inflation-Protected Bond
- Distribution: 1.32%
- Capital Gains: 0%
- Expense Ratio: 0.76%
- Net Assets: $ 3.9 billion
- Number of Years Up: 8 years
- Number of Years Down: 0 years
- Average Duration: 7.48 years
- Average Maturity: 9.54 years
- Annual Turnover Rate: 120%
This BlackRock fund’s share price is $10.89. It is currently managed by Martin Hegarty and Brain Weinstein. The total net assets are $3.9 billion. Its expense ratio is 0.76% per year. The fund has 12b1 fee of 0.25% and front-end sales load of 4.00%. The investors receive a dividend yield of 1.32%. The most recent distribution was given in May 2013 in the amount of $0.03 per share. This mutual fund is ranked with 2-stars and Bronze rating from Morningstar.
Inflation-Protected Bond Fund
The benchmarks of this bond fund are Lipper Inflation Protected Bond and Barclays Global Real US Tips Index. Since its inception in 2004, it has always returned in positive returns. The highest return was achieved in 2007 with 11.83%. The lowest return was occurred in 2008 with 0.28%. It has 5-years average return of 5.52%. As of June 27, 2013, its YTD return is -8.21%. Its 3-year beta risk is 1.05.You can buy this BlackRock Inflation Protected Bond Fund from 106 brokerages. The brokerages are Edward Jones, JPMorgan, Ameriprise Brokerage, Pershing FundCenter, E Trade Financial, Schwab Institutional, etc. The minimum initial investment is only $1,000. The minimum subsequent investment is $50.
The average maturity as of March 2013 is 9.54 years and the average duration of 7.48 years. It has a high annual holdings turnover of 120% as of June 20, 2013. The average turnover in the category is only 74.18%. The principal risk of investing in this fund includes preferred securities risk, interest rate risk, market risk, etc.
Disclosure: No Position
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