BRASX: BlackRock Allocation Target Shrs Ser Svc

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BRASX BlackRock Allocation Target Shrs Ser Svc


Profile

BRASX - Profile

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $184 M
  • Holdings in Top 10 20.8%

52 WEEK LOW AND HIGH

$9.58
$8.76
$9.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.69%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 184.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.62%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Allocation Target Shares Series S Portfolio
  • Fund Family Name
    BlackRock
  • Inception Date
    Sep 30, 2004
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Musmanno

Fund Description

The fund will principally invest in the following securities: commercial and residential mortgage-backed securities; obligations of non-U.S. governments and supra-national organizations, such as 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.


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Categories

Fund Company Quick Screens

BRASX - Fund Company Quick Screens


Performance

BRASX - Performance

Return Ranking - Trailing

Period BRASX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -36.4% 947.9% 71.13%
1 Yr 0.6% -35.2% 970.2% 61.26%
3 Yr 0.1%* -10.2% 120.4% 65.98%
5 Yr -0.3%* -5.2% 60.2% 82.01%
10 Yr -0.6%* -5.0% 3.6% 95.52%

* Annualized

Return Ranking - Calendar

Period BRASX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -1.7% 18.3% 71.35%
2018 -1.3% -12.4% 0.8% 20.70%
2017 -0.4% -6.0% 20.3% 92.97%
2016 -0.3% -7.8% 8.6% 47.15%
2015 -2.1% -18.3% 3.0% 68.23%

Total Return Ranking - Trailing

Period BRASX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -36.4% 947.9% 71.13%
1 Yr 0.6% -35.2% 970.2% 61.23%
3 Yr 0.1%* -7.3% 120.4% 70.41%
5 Yr -0.3%* -5.2% 60.2% 85.02%
10 Yr -0.3%* -5.0% 6.9% 93.66%

* Annualized

Total Return Ranking - Calendar

Period BRASX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -1.7% 18.3% 71.60%
2018 -1.3% -11.7% 3.1% 28.23%
2017 -0.4% -6.0% 27.0% 93.78%
2016 -0.3% -7.8% 10.7% 52.44%
2015 -2.1% -14.2% 4.2% 75.16%

NAV & Total Return History


Holdings

BRASX - Holdings

Concentration Analysis

BRASX Category Low Category High BRASX % Rank
Net Assets 184 M 634 K 264 B 73.86%
Number of Holdings 517 1 17920 35.01%
Net Assets in Top 10 38.2 M -587 M 20.8 B 71.64%
Weighting of Top 10 20.81% 2.3% 100.0% 50.33%

Top 10 Holdings

  1. Federal National Mortgage Association 4.5% 2.99%
  2. Federal Home Loan Mortgage Corporation 4.5% 2.97%
  3. American Express Credit Account Master Trust 2.67% 2.79%
  4. United States Treasury Notes 0.12% 2.24%
  5. Citibank Credit Card Issuance Trust 1.29% 2.17%
  6. American Express Credit Account Master Trust 1.15% 1.82%
  7. J.P. Morgan Chase Commercial Mortgage Securities Trust 3.48% 1.58%
  8. Morgan Stanley 2.92% 1.51%
  9. CNH EQUIPMENT TRUST 2.52% 1.37%
  10. Bank of America Corporation 2.88% 1.36%

Asset Allocation

Weighting Return Low Return High BRASX % Rank
Bonds
121.88% 71.08% 157.69% 1.73%
Convertible Bonds
1.32% 0.00% 6.53% 19.46%
Stocks
0.00% -0.38% 18.10% 42.81%
Preferred Stocks
0.00% 0.00% 9.11% 48.82%
Other
0.00% -27.60% 53.37% 44.51%
Cash
-23.20% -57.68% 27.48% 98.16%

Bond Sector Breakdown

Weighting Return Low Return High BRASX % Rank
Securitized
54.22% 0.00% 98.72% 6.00%
Corporate
40.62% 0.00% 99.41% 17.38%
Government
2.98% -2.21% 100.00% 51.22%
Cash & Equivalents
2.17% -26.49% 24.02% 56.06%
Derivative
0.01% -0.83% 31.72% 13.88%
Municipal
0.00% 0.00% 100.11% 86.40%

Bond Geographic Breakdown

Weighting Return Low Return High BRASX % Rank
US
113.68% 58.40% 150.78% 1.73%
Non US
8.20% -38.91% 29.50% 31.33%

Expenses

BRASX - Expenses

Operational Fees

BRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.01% 34.57% 57.26%
Management Fee 0.00% 0.00% 1.25% 0.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 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 0.25% 5.50% N/A

Trading Fees

BRASX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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 184.00% 0.00% 489.00% 90.46%

Distributions

BRASX - Distributions

Dividend Yield Analysis

BRASX Category Low Category High BRASX % Rank
Dividend Yield 0.00% 0.00% 6.10% 52.56%

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 2.62% -0.71% 6.53% 46.63%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BRASX - Fund Manager Analysis

Managers

Thomas Musmanno


Start Date

Tenure

Tenure Rank

Jan 28, 2009

11.26

11.3%

Thomas Musmanno has been a Managing Director of BlackRock Fund Advisors since 2010. Prior to that, Mr. Musmanno was Director of BFA from 2006 to 2009 and Director of Merrill Lynch Investment Managers, L.P. from 2004 to 2006, vice president of Merrill Lynch from 1996 to 2004, derivatives and structured products specialist with Merrill Lynch Investment Managers from 2000 to 2006 and a portfolio manager with MLIM from 1996 to 2006. Musmanno holds the Chartered Financial Analyst designation.

Michael Heilbronn


Start Date

Tenure

Tenure Rank

Nov 14, 2012

7.46

7.5%

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
0.08 33.44 7.44 0.33