BATS SERIES S
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
5.3%
3 Yr Avg Return
0.8%
5 Yr Avg Return
1.9%
Net Assets
$387 M
Holdings in Top 10
17.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BRASX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.42%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBATS SERIES S
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateOct 29, 2004
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Heilbronn
Fund Description
■ | commercial and residential mortgage-backed securities; |
■ | obligations of non-U.S. governments and supra-national organizations, such as the International Bank for Reconstruction and Development (the “World Bank”), which are chartered to promote economic development; |
■ | obligations of domestic and non-U.S. corporations; |
■ | asset-backed securities; |
■ | collateralized mortgage obligations; |
■ | U.S. Treasury and agency securities; |
■ | when-issued and delayed delivery securities; |
■ | derivatives; |
■ | cash equivalent investments; |
■ | repurchase agreements and reverse repurchase agreements; and |
■ | dollar rolls. |
BRASX - Performance
Return Ranking - Trailing
Period | BRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -1.8% | 9.2% | 32.01% |
1 Yr | 5.3% | -0.2% | 24.4% | 30.62% |
3 Yr | 0.8%* | -5.9% | 4.1% | 25.65% |
5 Yr | 1.9%* | -3.8% | 4.4% | 28.77% |
10 Yr | 0.6%* | -19.2% | 169.7% | 91.04% |
* Annualized
Return Ranking - Calendar
Period | BRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.8% | -5.4% | 7.6% | 52.81% |
2022 | -6.8% | -17.7% | -2.6% | 40.48% |
2021 | -1.4% | -4.0% | 4.4% | 35.69% |
2020 | 1.1% | -8.3% | 7.6% | 77.93% |
2019 | 3.0% | -2.3% | 9.3% | 18.95% |
Total Return Ranking - Trailing
Period | BRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -1.8% | 9.2% | 32.01% |
1 Yr | 5.3% | -0.2% | 24.4% | 30.62% |
3 Yr | 0.8%* | -5.9% | 4.1% | 25.65% |
5 Yr | 1.9%* | -3.8% | 4.4% | 28.77% |
10 Yr | 0.6%* | -19.2% | 169.7% | 91.04% |
* Annualized
Total Return Ranking - Calendar
Period | BRASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.3% | -1.1% | 15.2% | 28.13% |
2022 | -3.8% | -17.3% | -1.3% | 23.11% |
2021 | 0.3% | -2.7% | 7.7% | 37.60% |
2020 | 4.2% | -4.4% | 14.5% | 49.41% |
2019 | 4.7% | 0.6% | 12.6% | 48.19% |
NAV & Total Return History
BRASX - Holdings
Concentration Analysis
BRASX | Category Low | Category High | BRASX % Rank | |
---|---|---|---|---|
Net Assets | 387 M | 14.1 K | 58.8 B | 69.12% |
Number of Holdings | 629 | 2 | 9721 | 29.08% |
Net Assets in Top 10 | 70.2 M | 1.16 M | 6.6 B | 73.97% |
Weighting of Top 10 | 17.66% | 1.8% | 108.7% | 68.94% |
Top 10 Holdings
- Dreyfus Treasury Securities Cash Management 3.41%
- United States Treasury Note/Bond 2.82%
- United States Treasury Note/Bond 2.03%
- United States Treasury Bill 2.00%
- United States Treasury Bill 1.99%
- Capital One Multi-Asset Execution Trust 1.22%
- BA Credit Card Trust 1.17%
- American Express Credit Account Master Trust 1.07%
- Federal National Mortgage Association 1.05%
- Fannie Mae REMICS 0.88%
Asset Allocation
Weighting | Return Low | Return High | BRASX % Rank | |
---|---|---|---|---|
Bonds | 67.63% | 0.00% | 130.68% | 82.76% |
Other | 29.94% | -0.97% | 72.36% | 8.62% |
Cash | 3.41% | -20.59% | 62.18% | 36.80% |
Convertible Bonds | 2.13% | 0.00% | 27.71% | 53.06% |
Stocks | 0.00% | 0.00% | 103.64% | 40.04% |
Preferred Stocks | 0.00% | 0.00% | 21.82% | 29.08% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BRASX % Rank | |
---|---|---|---|---|
Securitized | 45.72% | 0.00% | 97.27% | 13.13% |
Corporate | 32.78% | 0.00% | 100.00% | 63.67% |
Government | 18.40% | 0.00% | 73.63% | 48.02% |
Cash & Equivalents | 3.41% | 0.00% | 62.18% | 31.96% |
Municipal | 0.00% | 0.00% | 17.46% | 62.23% |
Derivative | -0.23% | -0.55% | 24.84% | 95.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BRASX % Rank | |
---|---|---|---|---|
US | 65.93% | 0.00% | 130.68% | 85.28% |
Non US | 1.70% | 0.00% | 83.16% | 11.67% |
BRASX - Expenses
Operational Fees
BRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.10% | 0.01% | 3.24% | 95.83% |
Management Fee | 0.00% | 0.00% | 1.19% | 1.26% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | 2.08% |
Sales Fees
BRASX 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
BRASX 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.
BRASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 68.00% | 2.00% | 500.00% | 44.35% |
BRASX - Distributions
Dividend Yield Analysis
BRASX | Category Low | Category High | BRASX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.34% | 21.54% |
Dividend Distribution Analysis
BRASX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
BRASX | Category Low | Category High | BRASX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.42% | -1.27% | 4.98% | 35.96% |
Capital Gain Distribution Analysis
BRASX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.033 | OrdinaryDividend |
Jan 31, 2024 | $0.034 | OrdinaryDividend |
Dec 29, 2023 | $0.035 | OrdinaryDividend |
Nov 30, 2023 | $0.034 | OrdinaryDividend |
Oct 31, 2023 | $0.034 | OrdinaryDividend |
Sep 29, 2023 | $0.032 | OrdinaryDividend |
Aug 31, 2023 | $0.032 | OrdinaryDividend |
Jul 31, 2023 | $0.031 | OrdinaryDividend |
Jun 30, 2023 | $0.030 | OrdinaryDividend |
May 31, 2023 | $0.030 | OrdinaryDividend |
Apr 28, 2023 | $0.029 | OrdinaryDividend |
Mar 31, 2023 | $0.029 | OrdinaryDividend |
Feb 28, 2023 | $0.026 | OrdinaryDividend |
Jan 31, 2023 | $0.027 | OrdinaryDividend |
Dec 30, 2022 | $0.027 | OrdinaryDividend |
Dec 21, 2022 | $0.016 | OrdinaryDividend |
Nov 30, 2022 | $0.025 | OrdinaryDividend |
Oct 31, 2022 | $0.023 | OrdinaryDividend |
Sep 30, 2022 | $0.024 | OrdinaryDividend |
Aug 31, 2022 | $0.022 | OrdinaryDividend |
Jul 29, 2022 | $0.022 | OrdinaryDividend |
Jun 30, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.018 | OrdinaryDividend |
Apr 29, 2022 | $0.016 | OrdinaryDividend |
Mar 31, 2022 | $0.016 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.013 | OrdinaryDividend |
Dec 31, 2021 | $0.014 | OrdinaryDividend |
Nov 30, 2021 | $0.013 | OrdinaryDividend |
Oct 29, 2021 | $0.013 | OrdinaryDividend |
Sep 30, 2021 | $0.013 | OrdinaryDividend |
Aug 31, 2021 | $0.013 | OrdinaryDividend |
Jul 30, 2021 | $0.013 | OrdinaryDividend |
Jun 30, 2021 | $0.013 | OrdinaryDividend |
May 28, 2021 | $0.013 | OrdinaryDividend |
Apr 30, 2021 | $0.012 | OrdinaryDividend |
Mar 31, 2021 | $0.013 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.013 | OrdinaryDividend |
Dec 31, 2020 | $0.014 | OrdinaryDividend |
Nov 30, 2020 | $0.015 | OrdinaryDividend |
Oct 30, 2020 | $0.016 | OrdinaryDividend |
Sep 30, 2020 | $0.017 | OrdinaryDividend |
Aug 31, 2020 | $0.020 | OrdinaryDividend |
Jul 31, 2020 | $0.021 | OrdinaryDividend |
Jun 30, 2020 | $0.024 | OrdinaryDividend |
May 29, 2020 | $0.025 | OrdinaryDividend |
Apr 30, 2020 | $0.028 | OrdinaryDividend |
Mar 31, 2020 | $0.028 | OrdinaryDividend |
Feb 28, 2020 | $0.025 | OrdinaryDividend |
Jan 31, 2020 | $0.026 | OrdinaryDividend |
Dec 31, 2019 | $0.026 | OrdinaryDividend |
Nov 29, 2019 | $0.027 | OrdinaryDividend |
Oct 31, 2019 | $0.027 | OrdinaryDividend |
Sep 30, 2019 | $0.026 | OrdinaryDividend |
Aug 30, 2019 | $0.026 | OrdinaryDividend |
Jul 31, 2019 | $0.026 | OrdinaryDividend |
BRASX - Fund Manager Analysis
Managers
Michael Heilbronn
Start Date
Tenure
Tenure Rank
Nov 14, 2012
9.55
9.6%
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.
Scott MacLellan
Start Date
Tenure
Tenure Rank
Oct 15, 2020
1.62
1.6%
Scott MacLellan, CFA, Director, is a portfolio manager on the Short Duration team within the BlackRock Multi-Sector Fixed Income Portfolio Management Group. Prior to assuming his current responsibilities in 2008, Mr. MacLellan was a member of the Global Client Group, focused on Japanese clients. He also served as a product specialist for short duration and LIBOR-benchmarked fixed income products. Previously, Mr. MacLellan spent four years with Nomura BlackRock Asset Management (NBAM), a former joint venture between BlackRock and Nomura Asset Management Co., Ltd, in Tokyo as an account manager. Prior to joining NBAM in 2001, Mr. MacLellan spent a year in the Global Finance and Investment Department of IBJ Leasing in Tokyo. Mr. MacLellan earned a BS degree, with honors, in economics and international development studies from King's College in 1997.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.13 | 2.41 |