BlackRock Inflation Protected Bond Instl

Ticker: BPRIX


Investment Objective
The portfolio seeks to maximize real return, consistent with preservation of real capital and prudent investment management.

Investment Strategy
Under normal circumstances, the fund 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. The value of the bond's principal or the interest income paid on the bond is adjusted to track changes in an official inflation measure. The fund may invest up to 20% of it assets in non-investment grade bonds or securities of emerging market issuers.

 Morningstar Category
 Inflation-Protected Bond

 Morningstar Style Box

CUSIP: 091937748
General Information
Expense Ratio: 0.39%
Inception Date: 06/28/2004
Fund Manager: Team Managed
Managed Fund Since:
Fund Phone Number: 800-441-7762
Fund Website: www.blackrock.com
Top 5 Holdings (as of 06/30/2009)
Receive A Fixed Rate Of 1.41% And P 15.65%
Receive A Fixed Rate Of 1.41% And P 15.63%
Pay A Fixed Rate Of 1.27% And Recei 9.13%
Pay A Fixed Rate Of 1.27% And Recei 9.10%
US Treasury Note 0.625% 8.10%

Be aware that there are significant differences in risk among investment asset classes. Refer to the investment pyramid for a complete listing of disclosures. Shares of a mutual fund will fluctuate so that, when redeemed, they may be worth more or less than their original cost. Refer to the fund’s prospectus for complete information on the risks and expenses involved with a particular investment. Please note that some fund companies may waive a portion of these expenses.

Bond funds are less volatile than stock funds, but experience higher volatility and increased credit risk when compared to other fixed income investments.

The program(s) include certain services provided by Lincoln Financial Advisors Corp. (LFA), a broker-dealer (member FINRA) and an affiliate of Lincoln Financial Group, 1300 S. Clinton St., Fort Wayne, IN 46802. Unaffiliated broker-dealers also may provide services to customers.

This information must be preceded or accompanied by prospectuses for the funds listed. The most current information on a specific mutual fund, including risk, fees and expenses can be viewed online at www.LincolnAlliance.com. Paper copies of prospectuses can be requested by calling 800-234-3500. Read the prospectus carefully before investing.

The Morningstar® category is assigned based on the underlying securities in each portfolio as measured by the portfolio statistics and compositions over the past three years.

The Morningstar Style BoxTM provides a graphical representation of the investment style of stocks and mutual funds. For stocks and stock funds, it classifies securities according to market capitalization (the vertical axis) and growth and value factors (the horizontal axis). Fixed income funds are classified according to credit quality (the vertical axis) and sensitivity to changes in interest rates (the horizontal axis).

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The mutual fund information is compiled by NewRiver, Inc., from documents filed with the Securities & Exchange Commission’s EDGAR database. The information is provided on an ‘as is’ basis and without warranties.