Fixed Income

BATAX

BATS: Securitized Total Return Series

  • NAV as of Jan 09, 2026 $9.58
    52 WK: 9.42 - 9.60
  • 1 Day NAV Change as of Jan 09, 2026 $0.00 (0.00%)
  • NAV Total Return as of Jan 09, 2026 YTD: 0.17%

Overview

Investment Approach

The investment objective of the BATS: Securitized Total Return Series is to seek a high level of current income consistent with capital preservation.

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Performance

Performance

  1y 3y 5y 10y
Total Return (%)

as of Dec 31, 2025

7.34 8.12 4.26 4.71
Benchmark (%)

as of Dec 31, 2025

6.85 6.08 1.92 2.89
Morningstar Category Avg. (%)

as of Dec 31, 2025

- - - -
Morningstar Ranking

as of Dec 31, 2025

- - - -
Morningstar Quartile

as of Dec 31, 2025

3 1 1 -
Lipper Ranking

as of Dec 31, 2025

131/156 12/143 9/126 1/97
Lipper Quartile

as of Dec 31, 2025

4 1 1 1
  YTD 1m 3m 1y 3y 5y 10y
Total Return (%)

as of Dec 31, 2025

7.34 0.33 1.49 7.34 26.41 23.22 58.41
Benchmark (%)

as of Dec 31, 2025

6.85 0.27 1.35 6.85 19.36 9.99 33.01
Morningstar Category Avg. (%)

as of Dec 31, 2025

- - - - - - -
  2021 2022 2023 2024 2025
Total Return (%) 2.66 -5.05 8.59 8.46 7.34
Benchmark (%) -0.30 -7.57 5.35 6.02 6.85
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.

Click here for historical distribution data and here for upcoming distribution estimates

Key Facts

Key Facts

Size of Fund (Millions)
as of Jan 09, 2026
$4,915.9 M
Share Class launch date
Sep 21, 2015
Benchmark Index
50% Bloomberg ABS Index/50% Bloomberg Non-Agency Investment Grade CMBS Index
Lipper Classification
US Mortgage Funds
Max Offer Price
as of Jan 09, 2026
$9.58
Turnover Percent in the Annual Report
as of Mar 31, 2025
50%
Size of Class (Millions)
as of Jan 09, 2026
$4,915.9 M
Asset Class
Fixed Income
Morningstar Category
Miscellaneous Fixed Income
CUSIP
092480706
Open to New Investors
Yes

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.04%
Net Expense Ratio 0.02%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

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

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 Dec 31, 2025 out of 145, 5,996, 145, 96 and 145 Funds, respectively in Lipper's US Mortgage Funds classification.

Holdings

Holdings

as of Dec 31, 2025
Name Weight (%)
BARC_25-NQM7-PT2 1.06
BARC_25-NQM5-PT2 0.96
BARC_25-NQM4-PT2 0.95
EQT_24-EXTR-A 0.61
BAHA_24-MAR-A 0.61
Name Weight (%)
BARC_24-NQM4-A1 0.49
BARC_25-NQM1-A1 0.48
BARC_25-NQM2-A1 0.48
BXMTL_25-FL5-A 0.37
CNSL_25-4-B 0.36
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 within Global Fixed Income

Read More

Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team within Global Fixed Income. Since 2012, Mr. Lakhani has been co-head of 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 Chair of the Commercial Mortgage Loan Committee within Global Fixed Income, and a member of the BlackRock 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, responsible for investing in securitized assets. 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.

Ibrahim Incoglu
Ibrahim Incoglu
Portfolio Manager

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.

This fund does not seek to follow a sustainable, impact or ESG investment strategy. For more information regarding the fund's investment strategy, please see the fund's prospectus or, as applicable, shareholder report.

Literature

Literature

 

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