Fixed Income

BRASX

Allocation Target Shares: Series S 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
2.75 2.23 2.80 3.88
Benchmark (%) 0.88 0.85 0.69 2.25
Morningstar Category Avg. (%) 8.80 5.36 5.14 5.76
Morningstar Ranking 193/194 171/171 139/146 87/93
Morningstar Quartile 4 4 4 4
Lipper Category Avg. (%) 2.81 1.93 2.21 3.46
Lipper Ranking 95/190 48/155 33/111 29/85
Lipper Quartile 2 2 2 2
  YTD 1m 3m 1y 3y 5y 10y
2.90 0.38 0.75 2.75 6.83 14.78 46.37
Benchmark (%) 1.33 0.12 -0.11 0.88 2.56 3.52 24.95
Morningstar Category Avg. (%) 9.40 -0.05 1.95 8.80 16.95 28.49 75.04
Lipper Category Avg. (%) 3.44 0.20 0.46 2.81 5.92 11.67 41.03
  2011 2012 2013 2014 2015
Total Return (%) 2.96 5.60 1.53 1.87 1.16
Benchmark (%) 1.55 0.43 0.36 0.62 0.54
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 30, 2020 $369.1 M
Size of Fund (Millions) as of Nov 30, 2020 $369.1 M
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 BofA 1-3 Year Treasury Index (G1O2)
CUSIP 092480300
Distribution Frequency Monthly
Number of Holdings as of Oct 30, 2020 373
Max Offer Price as of Nov 30, 2020 $9.74
Open to New Investors No
Turnover Percent in the Annual Report 144%

Portfolio Characteristics

Portfolio Characteristics

Alpha (3y) as of Oct 31, 2020 0.48
R-Squared (3y) as of Oct 31, 2020 7.24
Beta (3y) as of Oct 31, 2020 -0.83
30 Day SEC Yield as of Oct 31, 2020 1.50%
Unsubsidized 30-Day SEC Yield as of Oct 31, 2020 1.41%
Yield to Maturity as of Oct 30, 2020 0.93%
Yield to Worst as of Oct 30, 2020 0.87%
Effective Duration as of Oct 30, 2020 2.48 yrs
Nominal WAL as of Oct 30, 2020 3.34 yrs
Best 3-Month Return Over the Last 3 Years 3 months ending Jun 30, 2020 5.50%
Worst 3-Month Return Over the Last 3 Years 3 months ending Mar 31, 2020 -3.46%
This information must be preceded or accompanied by a current prospectus. For standardized performance, please see the Performance section above.

Fees

Fees

as of current prospectus
Gross Expense Ratio 1.14%
Net Expense Ratio 0.99%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.00%
  • Interest expense 0.99%

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 160, 6,065, 161, 98 and 161 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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