| iShares US Aggregate Bond Index Inv A BMOAX |
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| Release date as of 2024-04-30. Data on page is subject to change. |
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Overall Morningstar
Rating™
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| What is this?
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| As of 2024-04-30 |
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Out of 430
Intermediate Core Bond Funds
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| Total Fund Assets ($ Mil) |
| 2,686.33 |
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| Investment Objective & Strategy |
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| The investment seeks to provide investment results that correspond to the total return performance of fixed-income securities in the aggregate, as represented by the Bloomberg U.S. Aggregate Bond Index.
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| The fund is a "feeder" fund that invests all of its assets in the Master Portfolio of MIP, which has the same investment objective and strategies as the fund. Under normal circumstances, at least 90% of the value of the fund's assets, plus the amount of any borrowing for investment purposes, is invested in securities comprising the Bloomberg U.S. Aggregate Index. |
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| Morningstar Category: Intermediate Core Bond |
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| Intermediate-term core bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, and hold less than 5% in below-investment-grade exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index.
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| Growth of $10,000 |
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(from 2014-01-01
to 2024-04-30)
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Investment: |
iShares US Aggregate Bond Index Inv A |
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Benchmark 1: |
Bloomberg US Agg Bond TR USD |
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Benchmark 2: |
Bloomberg US Agg Bond TR USD |
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Category: |
Intermediate Core Bond |
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This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
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| Total Annualized Returns % |
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YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Investment |
-3.24 |
-1.70 |
-3.81 |
-0.44 |
0.86 |
1.44 |
| Bloomberg US Agg Bond TR USD |
-3.28 |
-1.47 |
-3.54 |
-0.16 |
1.20 |
4.26 |
| Bloomberg US Agg Bond TR USD |
-3.28 |
-1.47 |
-3.54 |
-0.16 |
1.20 |
4.26 |
| Category |
-2.89 |
-1.01 |
-3.54 |
-0.14 |
1.10 |
3.76 |
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| Morningstar Rating |
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# of compared
Intermediate Core Bond
funds covered
(3 yrs : out of
430
funds)
(5 yrs : out of
385
funds)
(10 yrs : out of
274
funds)
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| Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods. |
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| Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown. |
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Total Annual Operating Expense
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0.35%
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| Prospectus Net Expense Ratio |
0.35%
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| Maximum Sales Charge |
--- |
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| The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio. |
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Type |
Date |
% |
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% of Net Assets |
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| U.S. Stocks |
0.0 |
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| Non-U.S. Stocks |
0.0 |
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| Bonds |
96.3 |
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| Cash |
3.7 |
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| Other |
0.0 |
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| Total |
100.0 |
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Data through
2024-03-31 |
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| Morningstar Fixed-Income Sectors |
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| % Fund |
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Government |
43.70 |
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Corporate |
23.47 |
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Securitized |
26.21 |
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Municipal |
0.52 |
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Cash & Equivalents |
6.11 |
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Derivative |
0.00 |
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% Bonds |
| AAA |
3.60 |
| AA |
72.16 |
| A |
11.95 |
| BBB |
12.29 |
| BB |
0.00 |
| B |
0.00 |
| Below B |
0.00 |
| Not Rated |
0.00 |
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| Total Number of Stock Holdings |
0 |
| Total Number of Bond Holdings |
7291 |
| % of Net Assets in Top 10 Holdings |
10.40 |
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| Turnover % |
(as of 2023-12-31) |
78.00 |
| 30 Day SEC Yield % |
3.90 |
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Maturity
Date
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Shares
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Value
$000
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% of Net
Assets
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BlackRock Cash Funds Instl SL Agency |
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180,330 |
180,402 |
6.44 |
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United States Treasury Notes |
2033-11-15 |
14,400 |
14,974 |
0.53 |
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United States Treasury Notes |
2026-01-15 |
15,000 |
14,906 |
0.53 |
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United States Treasury Notes |
2027-01-15 |
14,000 |
13,950 |
0.50 |
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United States Treasury Notes |
2027-03-15 |
12,000 |
11,970 |
0.43 |
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Federal National Mortgage Association |
2052-01-01 |
14,121 |
11,753 |
0.42 |
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United States Treasury Notes |
2025-03-15 |
11,962 |
11,603 |
0.41 |
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United States Treasury Notes |
2026-06-15 |
11,000 |
11,024 |
0.39 |
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United States Treasury Notes |
2033-08-15 |
11,000 |
10,771 |
0.38 |
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United States Treasury Notes |
2033-02-15 |
11,000 |
10,472 |
0.37 |
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| Loss of Money, Not FDIC Insured, Country or Region, High Portfolio Turnover, Index Correlation/Tracking Error, Market/Market Volatility, Mortgage-Backed and Asset-Backed Securities, U.S. Government Obligations, Fixed-Income Securities, Dollar Rolls, Management, Passive Management |
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| Show Risk Definitions |
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| Inception Date: 2011-03-31 |
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| James J. Mauro (2011-04-29) |
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| Head of San Francisco Fixed Income Core PM at BlackRock, Inc. since 2020; Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2010 to 2014; Vice President of State Street Global Advisors from 2001 to 2010.
James Mauro has been employed by BlackRock Fund Advisors and BlackRock Institutional Trust Company, N.A. (“BTC”) as a portfolio manager since 2011. Prior to joining BTC, Mr. Mauro was a Vice President at State Street Global Advisors. His primary responsibilities include management of all government, inflation linked and derivative strategies. Other responsibilities include hedging and managing risk across all asset classes through futures and option overlays. James joined State Street Corporation in 1993. Previously, he worked as a portfolio manager on the passive team where he co-managed several Bond Index portfolios. |
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| Karen Uyehara (2020-12-03) |
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| Karen Uyehara, Managing Director, is a Portfolio Manager on the 1-3 Year US Government Bond Index strategy.
Prior to working at BlackRock, she was a Portfolio Manager for Western Asset Management from 2002 to 2010.
Karen earned a BA in Economics and History from UC San Diego and an MBA in Finance and Investments from USC Marshall School of Business. |
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© Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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