Fixed Income

BATAX

Allocation Target Shares: Series A Fund

Buy BATAX
  • NAV as of Dec 10, 2024 $9.51
    52 WK: 9.25 - 9.55
  • 1 Day NAV Change as of Dec 10, 2024 -0.01 (-0.11%)
  • NAV Total Return as of Dec 10, 2024 YTD: 8.43%
  • Morningstar Rating

Overview

Investment Approach

This fund is only available through BlackRock Separately Managed Accounts and through mutual funds advised by BlackRock or its affiliates.

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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 10.65 3.47 3.30 - 4.63
Benchmark (%) 10.89 0.99 1.80 - 2.44
Morningstar Category Avg. (%) - - - - -
Morningstar Ranking - - - - -
Morningstar Quartile 3 1 1 - -
Lipper Ranking 132/149 6/134 7/119 - -
Lipper Quartile 4 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 7.48 0.95 3.06 10.65 10.77 17.60 - 50.51
Benchmark (%) 6.43 1.20 3.95 10.89 2.99 9.33 - 24.35
Morningstar Category Avg. (%) - - - - - - - -
  2019 2020 2021 2022 2023
Total Return (%) 6.79 2.98 2.66 -5.05 8.59
Benchmark (%) 6.63 5.72 -0.30 -7.57 5.35
Morningstar Category Avg. (%) - - - - -

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.
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Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 10, 2024
$3,318.9 M
Share Class launch date
Sep 21, 2015
Benchmark Index
Securitized Non-Trust Custom Bench (USD)
Morningstar Category
Short-Term Bond
CUSIP
092480706
Open to New Investors
Yes
Size of Class (Millions)
as of Dec 10, 2024
$3,318.9 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
US Mortgage Funds
Max Offer Price
as of Dec 10, 2024
$9.51
Turnover Percent in the Annual Report
as of Mar 31, 2024
53.00%

ESG Integration

ESG Integration

BlackRock considers many investment risks in our processes. In order to seek the best risk-adjusted returns for our clients, we manage material risks and opportunities that could impact portfolios, including financially material Environmental, Social and/or Governance (ESG) data or information, where available. See our Firm Wide ESG Integration Statement for more information on this approach and fund documentation for how these material risks are considered within this product, where applicable.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.04%
Net Expense Ratio 0.01%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for Allocation Target Shares: Series A Fund, as of Mar 31, 2023 rated against 535 Short-Term Bond Funds based on risk adjusted total return.

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 Nov 30, 2024 out of 130, 6,082, 130, 104 and 130 Funds, respectively in Lipper's US Mortgage Funds classification.

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
EQT_24-EXTR-A 0.72
BAHA_24-MAR-A 0.64
AJAXM_21-F-A 0.53
BARC_24-NQM3-A1 0.48
ORCHPK_24-1A-A 0.45
Name Weight (%)
AREIT_24-CRE9-A 0.44
SMB_24-A-A1B 0.43
HONO_21-LULU-A 0.39
TREST_21-5A-A1 0.39
OAKC_20-5AR-AR 0.39
Name Market Value Weight (%) Shares Maturity Coupon (%)
Detailed Holdings and Analytics
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

Samir Lakhani
Samir Lakhani
Managing Director, Co-Head of Securitized Assets & Head of CMBS

Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team within Global Fixed Income. Since 2012, Mr. Lakhani has led the CMBS and Senior CRE Debt business and continues to act as a Lead CMBS / CRE Debt Portfolio Manager in addition to his other responsibilities. Mr. Lakhani is a member of various BlackRock Investment Committees including the Commercial Mortgage Loan Committee within Fixed Income and the Real Estate Debt Investment Committee within BlackRock's Real Assets Group.

 

Prior to joining BlackRock in 2009, Mr. Lakhani was a Vice President at R3 Capital Partners, where he invested in securitized assets including ABS, CMBS, CLO's and Specialty Finance transactions. Mr. Lakhani held similar roles at Lehman Brothers in their Global Principal Strategies group. Mr. Lakhani joined Lehman Brothers in 2006 initially in Structured Credit Products. Previously, Mr. Lakhani held positions at JP Morgan Partners, in their Private Equity and Mezzanine Debt group, from 2001 to 2004.

 

Mr. Lakhani served on the Board of Governors for the Commercial Real Estate Finance Council ("CREFC") from 2012 - 2018. Mr. Lakhani earned a B.S. Degree in Economics and a B.S. Degree in Engineering, summa cum laude, from the University of Pennsylvania, and an MBA degree from Harvard Business School.

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Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team within Global Fixed Income. Since 2012, Mr. Lakhani has led the CMBS and Senior CRE Debt business and continues to act as a Lead CMBS / CRE Debt Portfolio Manager in addition to his other responsibilities. Mr. Lakhani is a member of various BlackRock Investment Committees including the Commercial Mortgage Loan Committee within Fixed Income and the Real Estate Debt Investment Committee within BlackRock's Real Assets Group.

 

Prior to joining BlackRock in 2009, Mr. Lakhani was a Vice President at R3 Capital Partners, where he invested in securitized assets including ABS, CMBS, CLO's and Specialty Finance transactions. Mr. Lakhani held similar roles at Lehman Brothers in their Global Principal Strategies group. Mr. Lakhani joined Lehman Brothers in 2006 initially in Structured Credit Products. Previously, Mr. Lakhani held positions at JP Morgan Partners, in their Private Equity and Mezzanine Debt group, from 2001 to 2004.

 

Mr. Lakhani served on the Board of Governors for the Commercial Real Estate Finance Council ("CREFC") from 2012 - 2018. Mr. Lakhani earned a B.S. Degree in Economics and a B.S. Degree in Engineering, summa cum laude, from the University of Pennsylvania, and an MBA degree from Harvard Business School.

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Learn more about Fixed Income strategies

Ibrahim Incoglu
Ibrahim Incoglu
Portfolio Manager