Fixed Income

BRAMX

Allocation Target Shares: Series M Fund

Overview

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Performance

Performance

Growth of Hypothetical $10,000

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Distributions

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  1y 3y 5y 10y
4.04 4.01 3.71 5.01
Benchmark (%) 3.61 3.61 2.65 4.65
Morningstar Ranking 914/1069 328/956 316/844 190/602
Morningstar Quartile 4 2 2 2
Lipper Category Avg. (%) 6.77 3.60 4.97 5.04
Lipper Ranking 249/306 92/228 137/169 62/95
Lipper Quartile 4 2 4 3
  YTD 1m 3m 1y 3y 5y 10y
4.26 0.33 0.67 4.04 12.52 19.98 63.11
Benchmark (%) 3.72 0.28 0.60 3.61 11.22 13.96 57.55
Lipper Category Avg. (%) 7.25 0.34 2.63 6.77 11.25 27.75 65.04
  2011 2012 2013 2014 2015
Total Return (%) 14.30 5.72 -1.80 7.11 1.52
Benchmark (%) 6.23 2.59 -1.41 6.08 1.51

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

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.

Key Facts

Key Facts

Net Assets as of Apr 15, 2024 $1,121,679,280
Size of Fund (Millions) $1,121.7 M
Base Currency U.S. Dollar
Share Class launch date Sep 30, 2004
Asset Class Fixed Income
Domicile United States

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in combination with other information in the research phase of the investment process. This may include relevant third-party insights, as well as internal engagement commentary and input from BlackRock Investment Stewardship on governance issues. The Fund manager conducts regular portfolio reviews with the Risk and Quantitative Analysis group and with the Chief Investment Officers. These reviews include discussion, where appropriate, of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.06%
Net Expense Ratio 0.00%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.00%

Ratings

Ratings

Lipper Leader

 
 
 
Overall Lipper Leaders ratings based on an equal-weighted average of percentile ranks for each measure over 3-, 5-, and 10-year periods (if applicable) and do not take into account the effects of sales charges for these categories (Consistent Return, Preservation, Total Return, Expense, and Tax Efficiency) as of Mar 31, 2024 out of 337, 6,162, 337, 244 and 336 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Holdings

Holdings

Name Weight (%) Shares Market Value Coupon (%) Maturity
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Managing Director, Global Fixed Income, Head of Customized Multi-Sector Portfolios, Head of Short Duration

    

Matthew Kraeger
Managing Director, Global Fixed Income

    

Michael Heilbronn
Director

Michael Heilbronn, Director, is a member of the Core PM SMA Team in Princeton for BlackRock's Managed Account business within Multi-Asset Strategies (MAS). In this capacity, he is responsible for managing mid-sized institutional taxable bond portfolios. Additionally, Mr. Heilbronn is part of a liaison team that coordinates the SMA fixed income portfolio strategy and credit research with the rest of the firm. He works closely with each group to facilitate idea sharing and trade ideas across portfolios.

 

Michael service with the firm dates back to 1998, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a product specialist for the firm's entire range of fixed income portfolios, and also served as an associate asset management advisor. Michael joined MLIM in 2000, after working with the mutual funds marketing team at the Merrill Lynch Private Client Group for two years.

 

Michael earned a BS degree from the Pennsylvania State University in 1998.

Portfolio Manager

Literature

Literature

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