Fixed Income

BRACX

Allocation Target Shares: Series C 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
8.33 5.88 5.80 6.22
Benchmark (%) 8.30 5.44 4.83 5.77
Morningstar Category Avg. (%) 8.80 5.36 5.14 5.76
Morningstar Ranking 112/194 48/171 46/146 27/93
Morningstar Quartile 3 2 2 2
Lipper Category Avg. (%) 8.44 5.12 4.85 5.55
Lipper Ranking 119/257 51/213 43/177 24/108
Lipper Quartile 2 1 1 1
  YTD 1m 3m 1y 3y 5y 10y
9.05 -0.29 1.51 8.33 18.71 32.58 82.90
Benchmark (%) 8.86 -0.28 1.23 8.30 17.22 26.59 75.26
Morningstar Category Avg. (%) 9.40 -0.05 1.95 8.80 16.95 28.49 75.04
Lipper Category Avg. (%) 9.25 -0.13 1.64 8.44 16.29 26.91 73.04
  2011 2012 2013 2014 2015
Total Return (%) 8.47 11.23 -0.50 8.52 -1.01
Benchmark (%) 8.35 9.37 -2.01 7.53 -0.77
Morningstar Category Avg. (%) 7.46 11.06 -1.06 6.93 -1.39
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

Size of Class (Millions) as of Nov 27, 2020 $495.0 M
Size of Fund (Millions) as of Nov 27, 2020 $495.0 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
Distribution Frequency Monthly
Number of Holdings as of Oct 30, 2020 800
Max Offer Price as of Nov 27, 2020 $11.63
Open to New Investors No
Turnover Percent in the Annual Report 83%

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.09%
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

Morningstar Rating

5
Overall Morningstar Rating for Allocation Target Shares: Series C Fund, Class, as of Oct 31, 2020 rated against 189 Corporate 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 Oct 31, 2020 out of 237, 6,065, 237, 150 and 237 Funds, respectively in Lipper's Corp Debt BBB Rated Fds classification.

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

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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