Fund Description

Incepted in December 1992, the fund is managed by BlackRock Advisors. The fund seeks to realize a total return that exceeds that of the Lehman Brothers Aggregate Index. The fund invests at least 80% of its assets in bonds that allow it to maintain an average portfolio duration that is within +/-20% of the Lehman Brothers Aggregate Index. The fund may also invest up to 10% of its assets in bonds of foreign issuers. The fund management team selects bonds from several categories including U.S. Treasuries and agency securities, commercial and residential mortgage-backed securities, asset-backed securities, and corporate bonds. The fund offers dividends every month and capital gains annually.