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Fixed Income


Allocation Target Shares: Series C Fund





  • 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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Key Facts

Key Facts

Size of Class (Millions) as of Jan 24, 2020 $435.7 M
Size of Fund (Millions) as of Jan 24, 2020 $435.7 M
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 Jan 24, 2020 $10.97
Open to New Investors No
Turnover Percent as of Dec 31, 2019 55%



Morningstar Rating

Overall Morningstar Rating for Allocation Target Shares: Series C Fund, Class, as of Dec 31, 2019 rated against 169 Corporate Bond Funds based on risk adjusted total return.

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

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




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