Fixed Income

BATEX

Allocation Target Shares: Series E Fund

Overview

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Performance

Performance

  1y 3y 5y 10y
17.61 0.39 3.15 5.05
Benchmark (%) 17.38 1.05 3.07 4.52
Morningstar Category Avg. (%) - - - -
Morningstar Ranking - - - -
Morningstar Quartile 2 1 1 -
Lipper Category Avg. (%) 11.58 -0.26 1.15 2.34
Lipper Ranking 29/190 43/183 7/177 3/117
Lipper Quartile 1 1 1 1
  YTD 1m 3m 1y 3y 5y 10y
6.47 0.84 2.50 17.61 1.18 16.75 63.71
Benchmark (%) 7.48 0.90 3.21 17.38 3.18 16.34 55.62
Morningstar Category Avg. (%) - - - - - - -
Lipper Category Avg. (%) 3.57 1.10 2.73 11.58 -0.75 5.95 26.26
  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.
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Key Facts

Key Facts

Size of Fund (Millions)
as of Dec 10, 2024
$513.7 M
Share Class launch date
Aug 03, 2014
Benchmark Index
BBG Municipal High Yield Bond Index (Risk Basis: MUNI)
Morningstar Category
High Yield Muni
CUSIP
092480607
Open to New Investors
Yes
Size of Class (Millions)
as of Dec 10, 2024
$513.7 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Hi Yld Muni Debt Funds
Max Offer Price
as of Dec 10, 2024
$10.48
Turnover Percent in the Annual Report
as of Mar 31, 2024
19.00%

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.

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.22%
Net Expense Ratio 0.11%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.02%
  • Interest expense 0.09%

Ratings

Ratings

Morningstar Rating

5 stars
Overall Morningstar Rating for Allocation Target Shares: Series E Fund, 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 Nov 30, 2024 out of 182, 6,082, 182, 88 and 182 Funds, respectively in Lipper's Hi Yld Muni Debt Funds classification.

Holdings

Holdings

as of Nov 29, 2024
Name Weight (%)
PUBLIC FINANCE AUTHORITY WISCONSIN 5.63
PUERTO RICO SALES TAX FINANCING CORP 4.47
PUERTO RICO COMMONWEALTH OF (GOVERNMENT) 4.01
NEW YORK TRANSPORTATION DEVELOPMENT CORP 3.85
FLORIDA DEVELOPMENT FINANCE CORP 2.47
Name Weight (%)
THE SOUTHEAST ALABAMA GAS DISTRICT 2.12
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEVELOPMENT BANK 1.89
HOUSTON CITY OF 1.75
PUERTO RICO ELECTRIC POWER AUTHORITY 1.47
BLACK BELT ENERGY GAS DIST 1.43
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

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