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Fixed Income

BRASX

Allocation Target Shares: Series S Fund

Overview

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Performance

Performance

  • Returns

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 Oct 14, 2019 $167.1 M
Size of Fund (Millions) -
Share Class launch date Sep 30, 2004
Asset Class Fixed Income
Morningstar Category Corporate Bond
Lipper Classification Sht-Int Inv Grd Dbt Fds
Benchmark Index ICE BofAML 1-3 Year Treasury Index (G1O2)
CUSIP 092480300
Number of Holdings as of Aug 29, 2014 317
Max Offer Price as of Oct 14, 2019 $9.63
Open to New Investors No
Turnover Percent as of Sep 30, 2019 184%

Portfolio Characteristics

Portfolio Characteristics

R-Squared (3y) as of Sep 30, 2019 67.50
Beta (3y) as of Sep 30, 2019 1.04
Nominal WAL as of Aug 29, 2014 3.75 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2019 2.22%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2018 -0.43%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

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 Aug 31, 2019 out of 152, 5,851, 153, 87 and 153 Funds, respectively in Lipper's Sht-Int Inv Grd Dbt Fds classification.

Portfolio Managers

Portfolio Managers

Thomas Musmanno, CFA
Managing Director

  

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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