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 Category Avg. (%) 5.27 3.72 3.44 4.53
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
Morningstar Category Avg. (%) 5.96 0.07 0.98 5.27 11.57 18.41 55.67
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
Morningstar Category Avg. (%) 5.86 7.01 -1.42 5.18 -0.26
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 30, 2020 $1,242.8 M
Size of Fund (Millions) as of Nov 30, 2020 $1,242.8 M
Share Class launch date Sep 30, 2004
Asset Class Fixed Income
Morningstar Category Intermediate Core Bond
Lipper Classification Multi-Sector Income Fds
Benchmark Index Bloomberg Barclays US Mortgage Backed Securities Index
CUSIP 092480201
Distribution Frequency Monthly
Number of Holdings as of Oct 30, 2020 505
Max Offer Price as of Nov 30, 2020 $9.92
Open to New Investors No
Turnover Percent in the Annual Report 1,316%

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 Oct 31, 2020 out of 303, 6,065, 303, 204 and 303 Funds, respectively in Lipper's Multi-Sector Income Fds classification.

Portfolio Managers

Portfolio Managers

Akiva Dickstein
Managing Director, Head of Customized Multi-Sector Portfolios

    

Matthew Kraeger
Lead Portfolio Manager, Mortgage Portfolios

    

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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