Fixed Income

BRAMX

BATS: Mortgage Total Return Series

Overview

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Performance

Performance

  1y 3y 5y 10y
3.73 5.42 0.28 1.83
Benchmark (%) 3.39 5.05 -0.14 1.41
Morningstar Category Avg. (%) - - - -
Morningstar Ranking - - - -
Morningstar Quartile 4 4 4 2
Lipper Category Avg. (%) 5.07 7.41 2.78 3.70
Lipper Ranking 313/374 314/360 291/320 204/213
Lipper Quartile 4 4 4 4
  YTD 1m 3m 1y 3y 5y 10y
6.88 1.07 2.41 3.73 17.17 1.39 19.93
Benchmark (%) 6.76 1.22 2.43 3.39 15.92 -0.71 15.01
Morningstar Category Avg. (%) - - - - - - -
Lipper Category Avg. (%) 6.25 0.84 2.21 5.07 24.07 14.95 44.31
  2020 2021 2022 2023 2024
Total Return (%) - - - - -
Benchmark (%) - - - - -

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 Dec 24, 2025
$1,442.3 M
Share Class launch date
Sep 30, 2004
Benchmark Index
Bloomberg U.S. MBS Index
Lipper Classification
US Mortgage Funds
Max Offer Price
as of Dec 24, 2025
$8.58
Turnover Percent in the Annual Report
as of Mar 31, 2025
892.00%
Size of Class (Millions)
as of Dec 24, 2025
$1,442.3 M
Asset Class
Fixed Income
Morningstar Category
Miscellaneous Fixed Income
CUSIP
092480201
Open to New Investors
Yes

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.05%
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 Sep 30, 2025 out of 360, 6,065, 360, 219 and 360 Funds, respectively in Lipper's US Mortgage Funds classification.

Holdings

Holdings

as of Nov 28, 2025
Name Weight (%)
FEDERAL NATIONAL MORTGAGE ASSOCIATION 46.87
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION II 26.98
FEDERAL HOME LOAN MORTGAGE CORPORATION 20.32
FHMS_K139-A2 0.77
EFF_24-2-A3 0.57
Name Weight (%)
FORDF_24-2-A 0.36
PFSFC_24-D-A 0.35
FNMA_18-76-ZL 0.32
BANK_21-BN38-A5 0.32
FHLMC_5319D-PO 0.31
Name Market Value Weight (%) Shares Maturity Coupon (%)
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

Akiva Dickstein
Managing Director, Global Fixed Income, Head of Customized Multi-Sector Portfolios, Head of Short Duration

    

Matthew Kraeger
Managing Director, Global Fixed Income

    

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

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