Fixed Income

BRACX

Allocation Target Shares: Series C Fund

Overview

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Performance

Performance

  • Returns

  1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
8.33 5.88 5.80 6.22 5.75
Benchmark (%) Index: BBG Barc U.S. Credit Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 8.30 5.44 4.83 5.77 5.32
Morningstar Category Avg. (%) Corporate Bond 8.80 5.36 5.14 5.76 -
Morningstar Ranking Rankings are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 112/194 48/171 46/146 27/93 -
Morningstar Quartile Rankings based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. 3 2 2 2 -
Lipper Category Avg. (%) Corp Debt BBB Rated Fds 8.44 5.12 4.85 5.55 -
Lipper Ranking Rankings are based on total return excluding sales charges. 119/257 51/213 43/177 24/108 -
Lipper Quartile Rankings are based on total return excluding sales charges. 2 1 1 1 -
  YTD 1m 3m 1y 3y 5y 10y Incept. Performance data for certain classes of shares of certain funds are based on pre-class inception information dating back to an older class of fund shares. This information may be considered when assessing a fund's performance, but it does not represent actual performance of these classes of shares. The inception date noted under Key Fund Facts is the date the class of shares was incepted. See fund prospectus or fact sheet for details.
9.05 -0.29 1.51 8.33 18.71 32.58 82.90 95.65
Benchmark (%) Index: BBG Barc U.S. Credit Index.<br /><br /> Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 8.86 -0.28 1.23 8.30 17.22 26.59 75.26 86.16
Morningstar Category Avg. (%) Corporate Bond 9.40 -0.05 1.95 8.80 16.95 28.49 75.04 -
Lipper Category Avg. (%) Corp Debt BBB Rated Fds 9.25 -0.13 1.64 8.44 16.29 26.91 73.04 -
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Growth of Hypothetical $10,000 The growth of hypothetical $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

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Distributions

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Key Facts

Key Facts

Size of Class (Millions) as of Feb 20, 2019 $368.2 M
Size of Fund (Millions) -
Share Class launch date Sep 30, 2004
Asset Class Fixed Income
Morningstar Category Corporate Bond
Lipper Classification Corp Debt BBB Rated Fds
Benchmark Index BBG Barc U.S. Credit Index
CUSIP 092480102
Number of Holdings as of Aug 29, 2014 321
Max Offer Price as of Feb 20, 2019 $10.09
Open to New Investors No
Turnover Percent as of Jan 31, 2019 31%

Ratings

Ratings

Portfolio Managers

Portfolio Managers

Stephan Bassas
Managing Director

Stephan Bassas, Managing Director, is Head of Americas Liability Driven Investing and a member of Americas Fixed Income within Alpha Strategies. In addition to his responsibilities leading the North America LDI effort, he is also an active participant in the Investment Grade Credit Group as a senior portfolio manager.

Mr. Bassas' service with the firm dates back to 2000, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Bassas was the lead PM on European corporate bond portfolios. Prior to joining MLIM in 2000, Mr. Bassas worked as a portfolio manager and asset swap proprietary trader for Paribas Asset Management and Paribas Capital Markets in Luxembourg and London.

Mr. Bassas earned an MBA degree from the University of Lyon, France in 1993 and attended the Investment Management Program at the London Business School in 2000.

Michael Heilbronn
Director

     

Portfolio Manager

Literature

Literature

 

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