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Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BATS: Series V Portfolio

BATVX | Fund

$9.99

$117 M

3.74%

$0.37

0.25%

Vitals

YTD Return

2.0%

1 yr return

3.6%

3 Yr Avg Return

2.1%

5 Yr Avg Return

N/A

Net Assets

$117 M

Holdings in Top 10

27.3%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 283.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BATS: Series V Portfolio

BATVX | Fund

$9.99

$117 M

3.74%

$0.37

0.25%

BATVX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.13%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BATS: Series V Portfolio
  • Fund Family Name
    BlackRock-Advised Funds
  • Inception Date
    May 05, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kristi Manidis

Fund Description

In pursuit of the investment objective, the Fund will principally invest in a broad range of short-term obligations issued by or on behalf of states, territories and possessions of the United States, the District of Columbia, and their respective authorities, agencies, instrumentalities and political subdivisions (“Municipal Obligations”), the interest of which, in the opinion of counsel to the issuer of the obligation, is exempt from regular federal income tax. Municipal Obligations in which the Fund may invest will also not be subject to the federal alternative minimum tax. Municipal Obligations in which the Fund may invest include variable rate demand notes, commercial paper, municipal bonds and municipal notes. The Fund may invest in variable and floating rate instruments, and transact in securities on a when issued, delayed delivery or forward commitment basis.
The Fund invests in securities maturing in two years or less (with certain exceptions) and will maintain a dollar-weighted average maturity of 120 days or less.
Short-term investments (or the issuers of such securities) will carry a rating in the highest rating categories of at least one nationally recognized statistical rating organization (e.g., A-1, P-1 or F1 or better by S&P Global Ratings (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch Ratings Inc. (“Fitch”), respectively), or if such investments are unrated, determined to be of comparable quality by BlackRock, at the time of investment. Long-term investments (or the issuers of such securities) will carry a rating of A-, A3 or A- or better by S&P, Moody’s or Fitch, respectively, or if such investments are unrated, determined to be of comparable quality by BlackRock, at the time of investment.
The Fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share.
Read More

BATVX - Performance

Return Ranking - Trailing

Period BATVX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -3.1% 18.1% 11.84%
1 Yr 3.6% -3.1% 29.3% 55.37%
3 Yr 2.1%* -11.5% 3.1% 0.47%
5 Yr N/A* -6.6% 1102.5% N/A
10 Yr N/A* -0.7% 248.5% N/A

* Annualized

Return Ranking - Calendar

Period BATVX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -1.4% 41.0% 99.41%
2022 -0.1% -39.7% 0.3% 0.33%
2021 N/A -5.6% 6.9% N/A
2020 N/A -2.6% 310.0% N/A
2019 N/A 0.0% 26.0% N/A

Total Return Ranking - Trailing

Period BATVX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -3.1% 18.1% 11.84%
1 Yr 3.6% -3.1% 29.3% 55.37%
3 Yr 2.1%* -11.5% 3.1% 0.47%
5 Yr N/A* -6.6% 1102.5% N/A
10 Yr N/A* -0.7% 248.5% N/A

* Annualized

Total Return Ranking - Calendar

Period BATVX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% -1.3% 41.0% 90.18%
2022 1.1% -39.7% 1.1% 0.13%
2021 N/A -4.8% 23761504.0% N/A
2020 N/A -1.5% 17057.9% N/A
2019 N/A 0.2% 3514.6% N/A

NAV & Total Return History

BATVX - Holdings

Concentration Analysis

BATVX Category Low Category High BATVX % Rank
Net Assets 117 M 3.22 M 71.9 B 83.59%
Number of Holdings 82 2 13203 91.51%
Net Assets in Top 10 32 M -317 M 3.56 B 76.03%
Weighting of Top 10 27.29% 1.4% 100.2% 16.80%

Top 10 Holdings

  1. Illinois Finance Authority 3.64%
  2. City of Colorado Springs CO Utilities System Revenue 3.16%
  3. City of Houston TX Combined Utility System Revenue 2.94%
  4. Illinois Finance Authority 2.81%
  5. Akron Bath Copley Joint Township Hospital District 2.81%
  6. Permanent University Fund - University of Texas System 2.73%
  7. JEA Electric System Revenue 2.34%
  8. County of Clark Department of Aviation 2.33%
  9. Port of Port Arthur Navigation District 2.30%
  10. Ohio Water Development Authority Water Pollution Control Loan Fund 2.24%

Asset Allocation

Weighting Return Low Return High BATVX % Rank
Bonds 		99.66% 0.00% 150.86% 21.34%
Cash 		0.34% -50.86% 46.80% 79.88%
Stocks 		0.00% 0.00% 100.23% 62.86%
Preferred Stocks 		0.00% 0.00% 0.56% 58.59%
Other 		0.00% -3.18% 33.35% 61.20%
Convertible Bonds 		0.00% 0.00% 0.93% 58.43%

Bond Sector Breakdown

Weighting Return Low Return High BATVX % Rank
Municipal 		74.29% 44.39% 100.00% 99.34%
Derivative 		0.00% -3.18% 19.67% 58.85%
Cash & Equivalents 		0.00% 0.00% 46.24% 82.89%
Securitized 		0.00% 0.00% 5.93% 59.21%
Corporate 		0.00% 0.00% 9.41% 66.23%
Government 		0.00% 0.00% 52.02% 62.49%

Bond Geographic Breakdown

Weighting Return Low Return High BATVX % Rank
US 		99.66% 0.00% 142.23% 19.73%
Non US 		0.00% 0.00% 23.89% 60.81%

BATVX - Expenses

Operational Fees

BATVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.01% 20.65% 96.21%
Management Fee 0.00% 0.00% 1.20% 0.85%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

BATVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

BATVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

BATVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 283.00% 0.00% 283.00% 100.00%

BATVX - Distributions

Dividend Yield Analysis

BATVX Category Low Category High BATVX % Rank
Dividend Yield 3.74% 0.00% 14.51% 14.88%

Dividend Distribution Analysis

BATVX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

BATVX Category Low Category High BATVX % Rank
Net Income Ratio 0.13% -0.53% 5.33% 98.74%

Capital Gain Distribution Analysis

BATVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

BATVX - Fund Manager Analysis

Managers

Kristi Manidis

Start Date

Tenure

Tenure Rank

May 06, 2021

1.07

1.1%

Kevin Schiatta

Start Date

Tenure

Tenure Rank

May 06, 2021

1.07

1.1%

Kevin A. Schiatta, CFA .Director of BlackRock, Inc. since 2006. Responsible for the day-to-day management of the Fund’s portfolio including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Schiatta has been a director of MLIM since 2000 and was a vice president thereof from 1994 to 2000.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58

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