BATS SERIES M
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.5%
1 yr return
-1.2%
3 Yr Avg Return
-3.7%
5 Yr Avg Return
-0.6%
Net Assets
$1.17 B
Holdings in Top 10
22.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.06%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BRAMX - Profile
Distributions
- YTD Total Return -3.5%
- 3 Yr Annualized Total Return -3.7%
- 5 Yr Annualized Total Return -0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.11%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBATS SERIES M
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateNov 04, 2004
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAkiva Dickstein
Fund Description
■ | commercial and residential mortgage-backed securities; |
■ | asset-backed securities; |
■ | collateralized mortgage obligations; |
■ | U.S. Treasury and agency securities; |
■ | cash equivalent investments; |
■ | when-issued and delayed delivery securities; |
■ | derivatives; and |
■ | dollar rolls. |
BRAMX - Performance
Return Ranking - Trailing
Period | BRAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.5% | -4.8% | 10.2% | 99.09% |
1 Yr | -1.2% | -4.3% | 23.7% | 97.09% |
3 Yr | -3.7%* | -6.8% | 4.1% | 99.63% |
5 Yr | -0.6%* | -4.4% | 4.3% | 98.80% |
10 Yr | -0.5%* | -19.2% | 169.6% | 99.42% |
* Annualized
Return Ranking - Calendar
Period | BRAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -5.4% | 7.6% | 56.02% |
2022 | -14.2% | -17.7% | -2.6% | 98.89% |
2021 | -2.8% | -4.0% | 4.4% | 94.25% |
2020 | 1.7% | -8.3% | 7.6% | 48.63% |
2019 | 3.4% | -2.3% | 9.3% | 12.35% |
Total Return Ranking - Trailing
Period | BRAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.5% | -4.8% | 10.2% | 99.09% |
1 Yr | -1.2% | -4.3% | 23.7% | 97.09% |
3 Yr | -3.7%* | -6.8% | 4.1% | 99.63% |
5 Yr | -0.6%* | -4.4% | 4.3% | 98.80% |
10 Yr | -0.5%* | -19.2% | 169.6% | 99.42% |
* Annualized
Total Return Ranking - Calendar
Period | BRAMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.9% | -1.1% | 15.2% | 39.42% |
2022 | -11.8% | -17.3% | -1.3% | 99.26% |
2021 | -0.5% | -2.7% | 7.7% | 67.62% |
2020 | 5.2% | -4.4% | 14.5% | 24.31% |
2019 | 5.1% | 0.6% | 12.6% | 34.62% |
NAV & Total Return History
BRAMX - Holdings
Concentration Analysis
BRAMX | Category Low | Category High | BRAMX % Rank | |
---|---|---|---|---|
Net Assets | 1.17 B | 14.5 K | 57.3 B | 50.72% |
Number of Holdings | 1141 | 2 | 9251 | 11.73% |
Net Assets in Top 10 | 266 M | 1.16 M | 6.6 B | 44.77% |
Weighting of Top 10 | 22.64% | 1.8% | 108.7% | 57.40% |
Top 10 Holdings
- Fannie Mae or Freddie Mac 3.81%
- Fannie Mae or Freddie Mac 3.12%
- Fannie Mae or Freddie Mac 2.82%
- Freddie Mac Pool 2.49%
- Ginnie Mae II Pool 2.09%
- Ginnie Mae 1.98%
- Freddie Mac Pool 1.92%
- Fannie Mae Pool 1.50%
- Fannie Mae or Freddie Mac 1.49%
- Fannie Mae or Freddie Mac 1.41%
Asset Allocation
Weighting | Return Low | Return High | BRAMX % Rank | |
---|---|---|---|---|
Bonds | 104.03% | 0.00% | 130.68% | 1.62% |
Other | 2.79% | -0.97% | 72.36% | 60.11% |
Cash | 0.76% | -20.59% | 62.18% | 74.37% |
Stocks | 0.00% | 0.00% | 103.64% | 40.61% |
Preferred Stocks | 0.00% | 0.00% | 22.27% | 33.03% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 94.21% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BRAMX % Rank | |
---|---|---|---|---|
Securitized | 52.22% | 0.00% | 97.27% | 7.78% |
Government | 3.36% | 0.00% | 73.63% | 84.63% |
Cash & Equivalents | 0.76% | 0.00% | 62.18% | 64.62% |
Corporate | 0.33% | 0.00% | 100.00% | 98.92% |
Municipal | 0.00% | 0.00% | 17.46% | 64.38% |
Derivative | -0.15% | -0.55% | 28.01% | 94.58% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BRAMX % Rank | |
---|---|---|---|---|
US | 104.03% | 0.00% | 130.68% | 1.44% |
Non US | 0.00% | 0.00% | 83.16% | 35.92% |
BRAMX - Expenses
Operational Fees
BRAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.06% | 0.01% | 3.24% | 97.09% |
Management Fee | 0.00% | 0.00% | 1.19% | 1.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 1.38% |
Sales Fees
BRAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
BRAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BRAMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 500.00% | 100.00% |
BRAMX - Distributions
Dividend Yield Analysis
BRAMX | Category Low | Category High | BRAMX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.10% | 0.00% | 10.67% | 39.89% |
Dividend Distribution Analysis
BRAMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
BRAMX | Category Low | Category High | BRAMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.11% | -1.27% | 4.98% | 53.69% |
Capital Gain Distribution Analysis
BRAMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.028 | OrdinaryDividend |
Feb 29, 2024 | $0.027 | OrdinaryDividend |
Jan 31, 2024 | $0.025 | OrdinaryDividend |
Dec 29, 2023 | $0.026 | OrdinaryDividend |
Dec 21, 2023 | $0.008 | OrdinaryDividend |
Nov 30, 2023 | $0.026 | OrdinaryDividend |
Oct 31, 2023 | $0.026 | OrdinaryDividend |
Sep 29, 2023 | $0.026 | OrdinaryDividend |
Aug 31, 2023 | $0.026 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.025 | OrdinaryDividend |
May 31, 2023 | $0.024 | OrdinaryDividend |
Apr 28, 2023 | $0.024 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.023 | OrdinaryDividend |
Jan 31, 2023 | $0.023 | OrdinaryDividend |
Dec 30, 2022 | $0.023 | OrdinaryDividend |
Nov 30, 2022 | $0.023 | OrdinaryDividend |
Oct 31, 2022 | $0.022 | OrdinaryDividend |
Sep 30, 2022 | $0.024 | OrdinaryDividend |
Aug 31, 2022 | $0.022 | OrdinaryDividend |
Jul 29, 2022 | $0.021 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.017 | OrdinaryDividend |
Apr 29, 2022 | $0.015 | OrdinaryDividend |
Mar 31, 2022 | $0.015 | OrdinaryDividend |
Feb 28, 2022 | $0.015 | OrdinaryDividend |
Jan 31, 2022 | $0.014 | OrdinaryDividend |
Dec 31, 2021 | $0.013 | OrdinaryDividend |
Nov 30, 2021 | $0.012 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.015 | OrdinaryDividend |
Aug 31, 2021 | $0.016 | OrdinaryDividend |
Jul 30, 2021 | $0.016 | OrdinaryDividend |
Jun 30, 2021 | $0.017 | OrdinaryDividend |
May 28, 2021 | $0.017 | OrdinaryDividend |
Apr 30, 2021 | $0.018 | OrdinaryDividend |
Mar 31, 2021 | $0.021 | OrdinaryDividend |
Feb 26, 2021 | $0.024 | OrdinaryDividend |
Jan 29, 2021 | $0.025 | OrdinaryDividend |
Dec 31, 2020 | $0.024 | OrdinaryDividend |
Nov 30, 2020 | $0.023 | OrdinaryDividend |
Oct 30, 2020 | $0.026 | OrdinaryDividend |
Sep 30, 2020 | $0.026 | OrdinaryDividend |
Aug 31, 2020 | $0.027 | OrdinaryDividend |
Jul 31, 2020 | $0.026 | OrdinaryDividend |
Jun 30, 2020 | $0.026 | OrdinaryDividend |
May 29, 2020 | $0.028 | OrdinaryDividend |
Apr 30, 2020 | $0.029 | OrdinaryDividend |
Mar 31, 2020 | $0.028 | OrdinaryDividend |
Feb 28, 2020 | $0.026 | OrdinaryDividend |
Jan 31, 2020 | $0.026 | OrdinaryDividend |
Dec 31, 2019 | $0.023 | DailyAccrualFund |
Dec 23, 2019 | $0.004 | OrdinaryDividend |
Nov 29, 2019 | $0.024 | OrdinaryDividend |
Oct 31, 2019 | $0.024 | OrdinaryDividend |
Sep 30, 2019 | $0.028 | OrdinaryDividend |
Aug 30, 2019 | $0.029 | OrdinaryDividend |
Jul 31, 2019 | $0.030 | OrdinaryDividend |
BRAMX - Fund Manager Analysis
Managers
Akiva Dickstein
Start Date
Tenure
Tenure Rank
Feb 22, 2012
10.28
10.3%
Akiva Dickstein, Managing Director, is Head of Customized Core Portfolios within BlackRock's Americas Fixed Income Alpha Strategies and a member of the Americas Fixed Income Executive Team. Mr. Dickstein has been the lead portfolio manager on BlackRock's mortgage portfolios since joining BlackRock in 2009. Prior to that, Mr. Dickstein spent eight years at Merrill Lynch, where he served as Managing Director and head of the U.S. Rates & Structured Credit Research Group. He was responsible for the team that produced MBS, ABS, CMBS, Treasuries, swaps, and interest rate derivatives research. Mr. Dickstein's publications on MBS strategy included the weekly Mortgage Investor as well as numerous lengthier articles on topics such as optimal loan modifications, the valuation of credit-sensitive MBS and ABS, and the pricing of mortgage derivatives, options, and pass-throughs. In addition, he developed Merrill's prepayment models for fixed rate and hybrid MBS. From 1993 to 2001, Mr. Dickstein was with Lehman Brothers, most recently as a Senior Vice President in Mortgage Derivatives Trading. In this role, he traded mortgage derivatives and developed Lehman's credit default model. He joined Lehman as a mortgage and asset-backed securities analyst and was named to Institutional Investor's All American Fixed Income Research Team in pass-throughs, non-agency mortgages, and asset-backed securities. Mr. Dickstein earned a BA degree in economics, summa cum laude, from Yale University in 1990, and an MA degree in physics from Princeton University in 1993.
Matthew Kraeger
Start Date
Tenure
Tenure Rank
Feb 22, 2012
10.28
10.3%
Managing Director of BlackRock, Inc. since 2015; Director of BlackRock, Inc. from 2009 to 2014; Vice President of BlackRock, Inc. from 2006 to 2008; Associate of BlackRock, Inc. from 2002 to 2005.
Michael Heilbronn
Start Date
Tenure
Tenure Rank
Jul 29, 2015
6.84
6.8%
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. Mr. Heilbronn's 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. Mr. Heilbronn joined MLIM in 2000, after working with the mutual funds marketing team at the Merrill Lynch Private Client Group for two years. Mr. Heilbronn earned a BS degree from the Pennsylvania State University in 1998.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.14 | 2.41 |