Fixed Income

BATEX

Allocation Target Shares: Series E 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 Incept.
6.18 0.20 3.24 - 4.90
Benchmark (%) 7.91 0.55 3.03 - 4.48
Morningstar Category Avg. (%) - - - - -
Morningstar Ranking - - - - -
Morningstar Quartile 2 1 1 - -
Lipper Category Avg. (%) 3.97 -0.84 1.29 - -
Lipper Ranking 84/191 26/184 6/175 - -
Lipper Quartile 2 1 1 - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
1.03 0.77 1.03 6.18 0.61 17.26 - 58.72
Benchmark (%) 1.51 1.19 1.51 7.91 1.67 16.07 - 52.68
Morningstar Category Avg. (%) - - - - - - - -
Lipper Category Avg. (%) 0.21 0.13 0.21 3.97 -2.48 6.66 - -
  2019 2020 2021 2022 2023
Total Return (%) - - 9.28 -13.29 8.11
Benchmark (%) - - 7.77 -13.10 9.21
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.

Key Facts

Key Facts

Size of Class (Millions)
as of May 24, 2024
$425.4 M
Share Class launch date
Aug 03, 2014
Morningstar Category
High Yield Muni
Benchmark Index
BBG Municipal High Yield Bond Index (Risk Basis: MUNI) (USD)
Distribution Frequency
Monthly
Max Offer Price
as of May 24, 2024
$10.15
Turnover Percent in the Annual Report
as of Mar 31, 2023
37%
Size of Fund (Millions)
$425.4 M
Asset Class
Fixed Income
Lipper Classification
Hi Yld Muni Debt Funds
CUSIP
092480607
Number of Holdings
as of Mar 28, 2024
519
Open to New Investors
Yes

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.27%
Net Expense Ratio 0.12%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.11%

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for Allocation Target Shares: Series E Fund, Class, as of Mar 31, 2023 rated against 197 High Yield Muni 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 Apr 30, 2024 out of 183, 6,134, 183, 89 and 183 Funds, respectively in Lipper's Hi Yld Muni Debt Funds classification.

Holdings

Holdings

Name Weight (%) Shares Market Value Coupon (%) Maturity
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

Phillip Soccio, CFA
Director, Portfolio Manager, Municipal Mutual Funds

  

Ryan McDonald, CFA
Managing Director, Municipal Fixed Income

    

Walter O'Connor, CFA
Managing Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Kevin Maloney, CFA
Director, Co-Head and Portfolio Manager, Municipal Mutual Funds

  

Portfolio Manager

Literature

Literature

 

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