Fixed Income

BATVX

Allocation Target Shares: Series V Fund

  • NAV as of Apr 25, 2025 $9.99
    52 WK: 9.99 - 10.00
  • 1 Day NAV Change as of Apr 25, 2025 0.00 (0.00%)
  • NAV Total Return as of Apr 25, 2025 YTD: 0.92%

Overview

Investment Approach

This fund is only available through BlackRock Separately Managed Accounts.
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Performance

Performance

  1y 3y 5y 10y Incept.
Total Return (%) 3.23 2.83 - - 2.17
Benchmark (%) 3.21 2.83 - - 2.19
Morningstar Category Avg. (%) - - - - -
Morningstar Ranking - - - - -
Morningstar Quartile 1 - - - -
Lipper Ranking 92/136 18/123 - - -
Lipper Quartile 3 1 - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%) 0.67 0.25 0.67 3.23 8.74 - - 8.75
Benchmark (%) 0.65 0.24 0.65 3.21 8.73 - - 8.80
Morningstar Category Avg. (%) - - - - - - - -
  2020 2021 2022 2023 2024
Total Return (%) - - 1.05 3.35 3.37
Benchmark (%) - - 1.18 3.32 3.38
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
$94.2 M
Share Class launch date
May 05, 2021
Benchmark Index
Municipal Swap Index (SIFMA) - Weekly (USD)
Morningstar Category
Muni National Short
CUSIP
092480805
Open to New Investors
No
Size of Class (Millions)
as of Apr 25, 2025
$94.2 M
Asset Class
Fixed Income
Distribution Frequency
Monthly
Lipper Classification
Short Muni Debt Funds
Max Offer Price
as of Apr 25, 2025
$9.99
Turnover Percent in the Annual Report
as of Mar 31, 2024
170%

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.25%
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 Mar 31, 2025 out of 123, 6,077, 123, 61 and 123 Funds, respectively in Lipper's Short Muni Debt Funds classification.

Holdings

Holdings

as of Dec 31, 2024
Name Weight (%)
WISCONSIN (STATE OF) 40.38
COMAL TEX INDPT SCH DIST 38.72
Name Weight (%)
TEXAS ST UNIV SYS 20.90
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

Kristi Manidis
Kristi Manidis
Director, Portfolio Manager, Municipal Mutual Funds

  

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Kristi Manidis, Director, is a Portfolio Manager for the Municipal Fixed Income business in BlackRock's Portfolio Management Group.

 

Prior to moving to her current role in 2009, Ms. Manidis was a trader and portfolio manager on various high net worth equity and balanced separately managed accounts. Previously, she was responsible for institutional client service and marketing for BlackRock's Cash Management Group. Ms. Manidis began her career at BlackRock in 2003.

 

Ms. Manidis earned a BS degree in Business Administration, with concentrations in Finance and Management Information Systems, from Drexel University in 2003.

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

  

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Kevin Maloney, CFA, Managing Director and Co-Head of the Municipal Funds team, is a Portfolio Manager within the Municipal Fixed Income business in BlackRock's Portfolio Management Group. He is also a member of the Municipal Management Committee, which oversees all municipal bond portfolio management, research, and trading activities.

 

Mr. Maloney began his career at BlackRock in 2011 as a research analyst on the Municipal Credit Research Team.

 

He graduated from Drexel University in 2011 with a BS degree in Finance.

Alicia De Lorenzo
Alicia De Lorenzo
Vice President, Portfolio Manager, Municipal Mutual Funds

  

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Alicia De Lorenzo, Vice President, is a portfolio manager within the Municipal Fixed Income business in BlackRock's Portfolio Management Group.

 

Prior to her current role, Ms. De Lorenzo was a member of the Municipal Strategy team within BlackRock's Portfolio Management Group. Her responsibilities included monitoring and analyzing market activity to develop data and strategy that contributed to the multiple businesses within the municipal department.

 

Previously, Ms. De Lorenzo was a portfolio specialist for BlackRock’s Separately Managed Accounts business within Multi-Asset Strategies (MAS). In this role she partnered with Financial Advisors and Financial Professionals to provide customized portfolios and wealth management solutions for high net worth and institutional clients.

 

Ms. De Lorenzo's service with the firm dates back to 2007 when she was a member of the Aladdin Portfolio Services Group within Business Operations. Her responsibilities included producing monthly net asset value and performance measurement for BlackRock's institutional separate accounts.

 

Ms. De Lorenzo earned a BS degree in Finance from Rider University.

Portfolio Manager

Literature

Literature

 

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