Fixed Income

BATIX

BlackRock Allocation Target Shares: Series I Fund

  • NAV as of Apr 25, 2025 $9.89
    52 WK: 9.74 - 10.18
  • 1 Day NAV Change as of Apr 25, 2025 0.02 (0.20%)
  • NAV Total Return as of Apr 25, 2025 YTD: 1.65%

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 (%)

as of Mar 31, 2025

6.36 - - - 6.36
Benchmark (%)

as of Mar 31, 2025

5.24 - - - 5.00
Lipper Ranking

as of Mar 31, 2025

160/376 - - - -
Lipper Quartile

as of Mar 31, 2025

2 - - - -
  YTD 1m 3m 1y 3y 5y 10y Incept.
Total Return (%)

as of Mar 31, 2025

1.55 -0.40 1.55 6.36 - - - 6.81
Benchmark (%)

as of Mar 31, 2025

2.66 -0.02 2.66 5.24 - - - 5.34
Performance data is not currently available
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 Distribution data

Key Facts

Key Facts

Size of Fund (Millions)
as of Apr 25, 2025
$72.5 M
Share Class launch date
Mar 06, 2024
Benchmark Index
BBG U.S. Universal Index (USD)
Morningstar Category
-
CUSIP
092480888
Open to New Investors
Yes
Size of Class (Millions)
as of Apr 25, 2025
$72.5 M
Asset Class
Fixed Income
Distribution Frequency
Daily
Lipper Classification
Multi-Sector Income Fds
Max Offer Price
as of Apr 25, 2025
$9.89
Turnover Percent in the Annual Report
as of Sep 30, 2024
137%

Fees

Fees

as of current prospectus
Gross Expense Ratio 0.13%
Net Expense Ratio 0.01%

Net Expense Ratio excluding Investment Related Expenses is 0.00%

  • Acquired Fund Fees and Expenses 0.01%
  • Interest expense 0.00%

Ratings

Holdings

Holdings

as of Mar 31, 2025
Name Weight (%)
UNIFORM MBS 9.05
ING GROEP NV 0.88
MORGAN STANLEY 0.78
BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) 0.77
SPAIN (KINGDOM OF) 0.69
Name Weight (%)
CCO HOLDINGS LLC 0.63
CLOUD SOFTWARE GROUP INC 0.62
ILIAD HOLDING SAS 0.59
FRONTIER COMMUNICATIONS HOLDINGS LLC 0.55
VMED O2 UK FINANCING I PLC 0.53
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

Rick Rieder
Rick Rieder
Chief Investment Officer of Global Fixed Income

        

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Rick Rieder, Senior Managing Director, is BlackRock's Chief Investment Officer of Global Fixed Income, Head of the Fundamental Fixed Income business and Head of the Global Allocation Investment Team.

 

Responsible for managing roughly $2.4 trillion in assets, Mr. Rieder is a member of BlackRock’s Global Executive Committee (GEC) and its GEC Investment Sub-Committee. He also is Chairman of the firm-wide BlackRock Investment Council.

 

Mr. Rieder currently serves on the Alphabet/Google Investment Advisory Committee and the UBS Research Advisory Board. He was nominated for Outstanding Portfolio Manager by Morningstar in 2021, was awarded the Global Unconstrained Fixed Income Manager of the Year for 2015 by Institutional Investor, was nominated for Fixed Income Manager of the Year by Institutional Investor for 2014 and was inducted into the Fixed Income Analysts Society Fixed Income Hall of Fame in 2013.

 

Mr. Rieder has served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury and member of the Federal Reserve’s Investment Advisory Committee on Financial Markets.

 

Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. From 1987 to 2008, he was with Lehman Brothers where he was head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta.

 

Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Goizueta Business School, and the University's Finance Committee, and is the Vice Chairman of the Investment Committee. Mr. Rieder is founder and chairman of the Goizueta Business School's BBA investment fund and community financial literacy outreach program, Graduation Generation. Mr. Rieder serves as Chairman and President of the Board of Education for North Star Academy's fourteen Charter Schools in Newark, NJ. He is on the Board of the BlackRock Foundation, the Board of Advisors for the Hospital for Special Surgery, and the Board of Big Brothers/Big Sisters of Newark and Essex County. Mr. Rieder formerly served on the Board and National Leadership Council of the Communities in Schools Educational Foundation in Atlanta, and Trustee for the U.S. Olympic Foundation. Mr. Rieder was honored at the Choose Success Awards ceremony in Atlanta in 2015 for his dedication to public education in Atlanta through CIS and Graduation Generation.

Jacob Caplain
Jacob Caplain
Managing Director

Jacob Caplain, Managing Director, is Head of Strategy for Global Fixed Income multi-sector yield and closed-end funds.

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Jacob Caplain, Managing Director, is Head of Strategy for Global Fixed Income multi-sector yield and closed-end funds. Jacob designed the investment process for the FI Yield Funds and contributed to the creation of many of these vehicles. He focuses on portfolio construction, risk analysis, asset allocation, and analytics across the multi-sector mutual funds platform, focusing on yield-driven strategies. He specializes in fundamental research on macro trends in Emerging Markets.

 

Mr. Caplain has also been a member of the Risk and Quantitative Analysis group within BlackRock, responsible for risk management across the multi-sector mutual funds platform. Mr. Caplain earned a BA degree, magna cum laude, in Financial Economics from Columbia University.

Samir Lakhani
Samir Lakhani
Managing Director, Co-Head of Securitized Assets and Head of CMBS

        

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Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team within Global Fixed Income. Since 2012, Mr. Lakhani has led the CMBS and Senior CRE Debt business and continues to act as a Lead CMBS / CRE Debt Portfolio Manager in addition to his other responsibilities. Mr. Lakhani is a member of various BlackRock Investment Committees including the Commercial Mortgage Loan Committee within Fixed Income and the Real Estate Debt Investment Committee within BlackRock's Real Assets Group.

 

Prior to joining BlackRock in 2009, Mr. Lakhani was a Vice President at R3 Capital Partners, where he invested in securitized assets including ABS, CMBS, CLO's and Specialty Finance transactions. Mr. Lakhani held similar roles at Lehman Brothers in their Global Principal Strategies group. Mr. Lakhani joined Lehman Brothers in 2006 initially in Structured Credit Products. Previously, Mr. Lakhani held positions at JP Morgan Partners, in their Private Equity and Mezzanine Debt group, from 2001 to 2004.

 

Mr. Lakhani served on the Board of Governors for the Commercial Real Estate Finance Council ("CREFC") from 2012 - 2018. Mr. Lakhani earned a B.S. Degree in Economics and a B.S. Degree in Engineering, summa cum laude, from the University of Pennsylvania, and an MBA degree from Harvard Business School.

Dylan Price
Dylan Price
Director

  

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Dylan Price, Director, is a Portfolio Manager on BlackRock's Global Fixed Income team. Notably, Dylan is a Portfolio Manager on the iShares Flexible Income Active ETF, Strategic Global Bond Fund, World Bond Fund, Global Government Bond Fund, and the Impact Bond Fund.

 

Dylan also produces macro-economic and market-based research for both internal and external facing presentation. He is a co-author of the Rick Rieder Monthly Markets Call.

 

Dylan earned a BBA degree, with distinction, in Finance from the Goizueta Business School at Emory University.

Charlotte Widjaja
Charlotte Widjaja
Vice President, Global Fixed Income Group

Charlotte is also a co-author of the Rick Rieder Monthly Markets Call and is a member of the Global Fixed Income team’s ESG Implementation Committee.

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Charlotte Widjaja is a member of the Office of the CIO within BlackRock’s Global Fixed Income Group. She is a Portfolio Manager focusing on asset allocation and portfolio construction for the Multi-Sector and Yield-Focused mandates. She is involved in driving platform macro positioning and specializes in cross-asset thematic strategies. Charlotte is a Lead Portfolio Manager on the iShares Flexible Income Active ETF, BlackRock Sustainable Global Bond Income Fund, and an Associate Portfolio Manager on the BlackRock Strategic Income Opportunities Fund. Along with her portfolio management role, she also focuses on building competitor analysis tools, which are used to inform the platform's performance and positioning relative to key peers in the industry.

 

Charlotte is also a co-author of the Rick Rieder Monthly Markets Call and is a member of the Global Fixed Income team’s ESG Implementation Committee.

 

Charlotte joined through Blackrock's Analyst Program in 2017. She earned a Bachelor of Science degree in Finance from Babson College in 2017.

Portfolio Manager

Literature

Literature

 

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USR-9694