Fixed Income

BRACX

Allocation Target Shares: Series C Fund

Overview

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Performance

Performance

  1y 3y 5y 10y
4.73 1.49 1.78 2.68
Benchmark (%) 4.87 1.13 1.35 2.31
Morningstar Category Avg. (%) - - - -
Morningstar Ranking - - - -
Morningstar Quartile 2 3 1 1
Lipper Category Avg. (%) 4.69 0.61 1.28 2.07
Lipper Ranking 150/250 65/232 97/206 36/138
Lipper Quartile 3 2 2 2
  YTD 1m 3m 1y 3y 5y 10y
2.26 -0.31 2.26 4.73 4.54 9.23 30.23
Benchmark (%) 2.36 -0.24 2.36 4.87 3.42 6.93 25.68
Morningstar Category Avg. (%) - - - - - - -
Lipper Category Avg. (%) 2.31 -0.38 2.31 4.69 2.00 7.13 23.27
  2020 2021 2022 2023 2024
Total Return (%) 11.46 -1.05 -15.31 9.33 2.35
Benchmark (%) 9.35 -1.08 -15.26 8.18 2.03
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 Apr 25, 2025
$427.5 M
Share Class launch date
Sep 30, 2004
Benchmark Index
Bloomberg U.S. Credit Index (USD)
Morningstar Category
Corporate Bond
CUSIP
092480102
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 25, 2025
$427.5 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Corp Debt BBB Rated Fds
Max Offer Price
as of Apr 25, 2025
$8.91
Turnover Percent in the Annual Report
as of Mar 31, 2024
103%

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.12%
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

Morningstar Rating

4 stars
Overall Morningstar Rating for Allocation Target Shares: Series C Fund, as of Mar 31, 2023 rated against 190 Corporate Bond 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 Mar 31, 2025 out of 232, 6,077, 232, 107 and 232 Funds, respectively in Lipper's Corp Debt BBB Rated Fds classification.

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
MORGAN STANLEY 3.55
UNITED STATES TREASURY 2.96
BANK OF AMERICA CORP 2.71
EXPAND ENERGY CORP 2.62
GOLDMAN SACHS GROUP INC/THE 2.28
Name Weight (%)
CHARTER COMMUNICATIONS OPERATING LLC 2.02
FORD MOTOR CREDIT COMPANY LLC 1.88
JPMORGAN CHASE & CO 1.59
CITIGROUP INC 1.32
FOUNDRY JV HOLDCO LLC 1.28
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

Daniel Chen
Daniel Chen
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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