what do you think of this mutual fund? BPRIX?

http://finance.yahoo.com/q?s=BPRIX&ql;=1

if the usa raises interest RATES WILL THIS MUTUTAL FUND TANK? I dont understand this fund. please help.

There are a couple pieces to this. First it is a bond fund. Any bond or any fund made up of bonds will go down in value when interest rates go up. Why? Because new bonds coming out will have higher rates so why would anyone want your old bond? Well if you sold it to them at a discount they would buy it if, after the discount, it compared well to the new bond with the higher rate. Short term bonds are less affected by this than long term bonds, so look to see what the average length is on this bond fund, called duration, to understand how much it might move.

Second, this is an inflation protected bond. That means the owner gets paid a very low rate of interest, but each year the principal is increased by the amount of inflation. That's good if you expect high inflation.

Recenty people have been very worried about inflation, almost crazy some folks. As a result there has been great demand for this type of bond which has driven prices way up. Maybe too high, especially if we don't have the high inflation that some are so worried about.

Probably not a bad idea to have something like this in a portfolio, but not too much. Need to know much more about you to give recommendation. See a financial advisor, if you can find an honest one