* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Treasury Inflation-Protected Securities (TIPS) Fund
Environmental, social and corporate governance wikipedia , lookup
Investment banking wikipedia , lookup
Socially responsible investing wikipedia , lookup
Fund governance wikipedia , lookup
History of investment banking in the United States wikipedia , lookup
Federal takeover of Fannie Mae and Freddie Mac wikipedia , lookup
Page 1 of 3 ML_L1 Treasury Inflation-Protected Securities (TIPS) Fund .......................................................................................................................................................................................................................................................................................................................................... Benchmark BBgBarc US Treasury US TIPS TR USD Overall Morningstar Rating™ Morningstar Return Morningstar Risk QQQQQ High Above Average Rated against 195 Inflation-Protected Bond funds. Investment Strategy Performance The Fund seeks investment results that correspond with in the Bloomberg Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund is invested in a portfolio of debt securities that have at least one year remaining to maturity and are rated investment-grade. The securities are USD denominated, fixed-rate and non-convertible. As the Index changes based on issuance by the U.S. Treasury, the securities in the Fund will also change. The Fund uses a passive approach to try to achieve the Fund's investment objective. The Fund may generate some income by lending securities to creditworthy financial institutions. There is no guarantee that the Fund's objective will be met. Category Description: Inflation-Protected Bond Inflation-protected bond portfolios invest primarily in debt securities that adjust their principal values in line with the rate of inflation. These bonds can be issued by any organization, but the U.S. Treasury is currently the largest issuer for these types of securities. Investment High 5 0 -5 -10 Average annual, if greater than 1 year -15 3 Month 1 Year 3 Year 5 Year 10 Year Since Inception . 1.36 1.75 2.21 1.01 3.25 Fund Return % . . 1.26 1.68 2.24 1.07 Benchmark Return % . . 1.19 2.13 1.17 0.40 Category Average % .......................................................................................................................................................................................................... . . QQQQQ QQQQQ . Morningstar Rating™ . . . . . 195 165 # of Funds in Category Calendar Year Returns 2007 . YTD . Total Return % YTD Benchmark 2008 2009 2010 . . .YTD . Investment 2011 2012 . 13.81 YTD . 13.56 7.08 6.98 2014 2015 2016 03-17 -9.40 4.31 -8.61YTD 3.64 2013 -1.74 -1.44 5.05 4.68 1.36 1.26 Benchmark 15 10 -7.76% (May '13 - Jul '13) 2007 2008 2009 2010 2011 2012 Composition as of 03-31-17 % Assets U.S. Stocks Non-U.S. Stocks Bonds Cash Other 0.0 0.0 100.0 0.0 0.0 Sales Charge None Investment Management 0.03 - 0.05% of fund assets ¹ Expense Ratio Administrative Expense . ¹ Ratio Fund Inception Date 05-03-10 ................................................................................................ BlackRock Institutional Trust Company NA 800-444-4015 2014 2015 2016 03 - 17 Morningstar Fixed Income Style Box™ as of 03-31-17 Ltd Operations 2013 Portfolio Analysis 03-31-17 Low Worst 3 Month Return 5.77% (Jun '11 - Aug '11) 0 Med Best 3 Month Return 5 High In the past, this investment has shown a relatively small range of price fluctuations relative to other investments. Based on this measure, currently more than two-thirds of all investments in this category have shown higher levels of risk. Consequently, this investment may appeal to investors looking for a conservative investment strategy. Telephone 10 20 Moderate Category Management Company Total Return% as of 03-31-17 Investment Benchmark 15 Growth of $10,000 as of 03-31-17 25 Volatility Analysis Low 20 Top 10 Holdings as of 03-31-17 % Assets US Treasury Note 01-15-25 US Treasury Note 04-15-19 US Treasury Note 04-15-21 US Treasury Note 04-15-20 US Treasury Note 01-15-26 5.93 5.58 5.44 5.25 5.03 US Treasury Note 04-15-18 US Treasury Note 01-15-22 US Treasury Note 07-15-21 US Treasury TIP 01-15-23 US Treasury Note 01-15-24 4.40 3.99 3.76 3.70 3.65 Mod Avg Eff Duration Avg Eff Maturity Avg Credit Quality Avg Wtd Coupon Avg Wtd Price 7.58 8.28 AAA 0.84 104.96 Ext Credit Analysis: % Bonds as of 03-31-17 AAA AA A BBB 100 0 0 0 BB B Below B Not Rated 0 0 0 0 .......................................................................................... ....................................................................................................... Total Number of Stock Holdings Total Number of Bond Holdings Annual Turnover Ratio % Lockheed Martin Fund Assets ($mil) 0 38 28.67 338.4 Notes This profile reflects past performance and should not be considered indicative of future performance. Annualized total returns measure net investment and capital gain or loss from portfolio investments as an annualized average, assuming the reinvestment of dividends. The Morningstar Rating that is reflected on this page is hypothetical. The Rating is considered hypothetical because Morningstar does not independently analyze the "custom fund" universe. Rather the Rating is assigned to the "custom fund" as a means to compare the institutional funds with the universe of mutual funds that Morningstar rates. The Composition, Credit Analysis and Morningstar Sectors, where applicable, may not add up to exactly 100% due to rounding. 1See summary plan description and any subsequent summary of material modifications/prospectus for explanation of investment management and administrative expenses. ©2017 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. 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 losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com ß ® Page 2 of 3 Treasury Inflation-Protected Securities (TIPS) Fund ....................................................................................................................................................................................................................................................................................................................................... Total Stocks Total Bonds 0 38 Total Cash 0 Bond Portfolio Analysis as of 03-31-17 Security Name Net Assets % Market Value $ Amount $ US Treasury Note US Treasury Note US Treasury Note US Treasury Note US Treasury Note 5.93 5.58 5.44 5.25 5.03 158,730,801 149,339,486 145,668,895 140,643,688 134,806,020 160,017,279 147,166,885 144,089,336 138,542,438 132,325,349 Maturity Date 2025-01-15 2019-04-15 2021-04-15 2020-04-15 2026-01-15 US Treasury Note US Treasury Note US Treasury Note US Treasury TIP US Treasury Note 4.40 3.99 3.76 3.70 3.65 117,929,723 106,737,851 100,699,788 99,115,534 97,726,936 116,918,156 105,874,638 97,035,757 99,108,044 95,397,125 2018-04-15 2022-01-15 2021-07-15 2023-01-15 2024-01-15 US Treasury Note US Treasury Note US Treasury Note US Treasury Note US Treasury Bond 3.58 3.44 3.32 3.18 2.98 95,983,987 92,128,159 88,859,123 85,219,372 79,701,634 96,828,566 91,361,773 88,592,306 80,917,761 69,078,201 2024-07-15 2022-07-15 2025-07-15 2021-01-15 2025-01-15 US Treasury Note US Treasury Note US Treasury Bond US Treasury Bond US Treasury Bond 2.68 2.53 2.34 2.07 2.00 71,745,108 67,685,161 62,696,850 55,481,469 53,510,383 70,589,885 69,337,020 55,234,113 45,354,610 48,475,326 2023-07-15 2026-07-15 2026-01-15 2029-01-15 2044-02-15 US Treasury Bond US Treasury TIP 1.75% US Treasury Bond US Treasury Note US Treasury Bond 1.98 1.93 1.92 1.89 1.88 52,916,948 51,769,746 51,363,910 50,601,926 50,431,251 55,505,248 45,765,711 53,362,752 48,018,977 36,452,587 2045-02-15 2028-01-15 2042-02-15 2020-01-15 2029-04-15 US Treasury TIP 1.25% US Treasury Bond US Treasury Bond US Treasury Bond US Treasury Bond 1.87 1.84 1.79 1.56 1.49 49,988,654 49,226,731 48,051,546 41,812,029 39,953,569 47,224,740 37,016,964 40,628,227 44,908,315 39,347,164 2020-07-15 2028-04-15 2027-01-15 2043-02-15 2046-02-15 US Treasury Note US Treasury Note US Treasury Bond US Treasury Bond US Treasury Note 1.49 1.39 1.18 1.17 0.74 39,922,579 37,213,875 31,541,686 31,351,804 19,871,048 37,940,042 35,026,267 24,849,226 24,864,760 19,946,869 2019-01-15 2019-07-15 2041-02-15 2040-02-15 2027-01-15 US Treasury Note US Treasury Bond US Treasury Bond 0.48 0.29 0.23 12,789,173 7,825,824 6,154,997 12,363,340 5,570,522 6,247,100 2018-07-15 2032-04-15 2047-02-15 ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ................................................................................................................................................................................................................................................................................................ ©2017 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. 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 losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com ß ® Page 3 of 3 Treasury Inflation-Protected Securities (TIPS) Fund ....................................................................................................................................................................................................................................................................................................................................... Total Stocks 0 Total Bonds 38 Total Cash 0 Other Portfolio Analysis as of 03-31-17 Security Name Short-Term Investment Fund Net Assets % Market Value $ 0.04 1,050,527 ©2017 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. 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 losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at www.morningstar.com ß ®