BPRAX

About BPRAX

BlackRock Inflation Protected Bond Fund Investor A Shares is a mutual fund designed to provide investors with a hedge against inflation by seeking to maximize real return while preserving real capital. The fund primarily invests at least 80% of its assets in inflation-indexed bonds issued by U.S. and non-U.S. governments and their agencies, spanning a range of maturities. A core component of its strategy is allocating significant holdings to Treasury Inflation-Protected Securities (TIPS), which are government-issued instruments structured to adjust with changes in inflation, making them valuable for maintaining purchasing power over the long term. Up to 20% of the portfolio may be allocated to non-investment grade bonds or emerging market debt, adding diversification and yield potential. With over 400 holdings, the fund employs active management to balance maturity weights and optimize yield-curve positioning. By maintaining a focus on inflation protection, the fund acts as a potential portfolio diversifier, generally showing low correlation with other fixed-income asset classes. BlackRock’s expertise in active fixed income management underpins the fund’s approach, aiming to manage risk while navigating varying interest-rate and inflation environments.