BATS SERIES C
Name
As of 12/31/2024Price
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
Vitals
YTD Return
0.0%
1 yr return
2.5%
3 Yr Avg Return
-1.8%
5 Yr Avg Return
0.8%
Net Assets
$416 M
Holdings in Top 10
16.9%
52 WEEK LOW AND HIGH
$8.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 42.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/31/2024Price
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
BRACX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -1.8%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 2.59%
- Dividend Yield 5.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBATS SERIES C
-
Fund Family NameBlackRock-Advised Funds
-
Inception DateOct 29, 2004
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Heilbronn
Fund Description
In pursuit of the investment objective, the Fund will principally invest in the following securities:
◼
corporate bonds, notes and debentures;
◼
asset-backed securities;
◼
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;
◼
collateralized mortgage obligations;
◼
U.S. Treasury and agency securities;
◼
cash equivalent investments;
◼
when-issued and delayed delivery securities;
◼
derivatives; and
◼
repurchase agreements and reverse repurchase agreements.
Under normal circumstances, the Fund invests at least 80% of its total assets in fixed-income instruments. This 80% policy is a non-fundamental policy of the Fund and may not be changed without 60 days’ prior notice to shareholders.
The management team evaluates sectors of the bond market and individual securities within these sectors.
The management team may, when consistent with the Fund’s investment objective, buy or sell options or futures on a security or an index of securities, or enter into interest rate or foreign currency transactions, including swaps (collectively, commonly known as derivatives).
The Fund may only buy securities that are rated investment grade at the time of purchase by at least one major rating agency or, if unrated, determined by the management team to be of similar quality.
BRACX - Performance
Return Ranking - Trailing
| Period | BRACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -2.9% | 7.6% | 80.36% |
| 1 Yr | 2.5% | -2.9% | 7.6% | 48.81% |
| 3 Yr | -1.8%* | -8.0% | 40.4% | 26.35% |
| 5 Yr | 0.8%* | -7.1% | 25.1% | 24.84% |
| 10 Yr | 0.9%* | -0.3% | 14.3% | 96.04% |
* Annualized
Return Ranking - Calendar
| Period | BRACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -2.8% | -6.2% | 6.3% | 94.64% |
| 2023 | 4.7% | -26.5% | 6.1% | 6.59% |
| 2022 | -18.1% | -28.7% | 142.1% | 82.93% |
| 2021 | -5.2% | -8.2% | 8.3% | 95.68% |
| 2020 | 4.3% | 3.4% | 12.8% | 96.75% |
Total Return Ranking - Trailing
| Period | BRACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -2.9% | 7.6% | 80.36% |
| 1 Yr | 2.5% | -2.9% | 7.6% | 48.81% |
| 3 Yr | -1.8%* | -8.0% | 40.4% | 26.35% |
| 5 Yr | 0.8%* | -7.1% | 25.1% | 24.84% |
| 10 Yr | 0.9%* | -0.3% | 14.3% | 96.04% |
* Annualized
Total Return Ranking - Calendar
| Period | BRACX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 2.3% | -5.6% | 12.9% | 83.33% |
| 2023 | 9.7% | -24.3% | 11.6% | 2.40% |
| 2022 | -15.1% | -25.6% | 151.8% | 75.00% |
| 2021 | -0.8% | -8.0% | 116.0% | 83.95% |
| 2020 | 11.8% | 5.1% | 17.0% | 62.99% |
NAV & Total Return History
BRACX - Holdings
Concentration Analysis
| BRACX | Category Low | Category High | BRACX % Rank | |
|---|---|---|---|---|
| Net Assets | 416 M | 23.9 M | 47.3 B | 66.67% |
| Number of Holdings | 870 | 4 | 10364 | 19.64% |
| Net Assets in Top 10 | 77.1 M | -29.6 M | 3.03 B | 56.55% |
| Weighting of Top 10 | 16.94% | 1.7% | 143.5% | 33.33% |
Top 10 Holdings
- United States Treasury Note/Bond 2.70%
- United States Treasury Note/Bond - When Issued 2.63%
- Dreyfus Treasury Securities Cash Management 2.54%
- Bank of America Corp 1.60%
- United States Treasury Note/Bond 1.58%
- JPMorgan Chase Co 1.41%
- Goldman Sachs Group Inc/The 1.30%
- Morgan Stanley 1.21%
- United States Treasury Note/Bond 1.01%
- United States Treasury Note/Bond 0.97%
Asset Allocation
| Weighting | Return Low | Return High | BRACX % Rank | |
|---|---|---|---|---|
| Bonds | 97.35% | 0.00% | 136.47% | 37.50% |
| Convertible Bonds | 5.56% | 0.00% | 78.47% | 40.48% |
| Cash | 3.01% | -43.80% | 46.48% | 45.83% |
| Stocks | 0.00% | 0.00% | 99.98% | 60.12% |
| Preferred Stocks | 0.00% | 0.00% | 9.18% | 61.90% |
| Other | -0.35% | -5.08% | 12.23% | 98.81% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BRACX % Rank | |
|---|---|---|---|---|
| Corporate | 90.83% | 41.80% | 99.52% | 36.90% |
| Government | 5.52% | 0.00% | 25.63% | 50.60% |
| Cash & Equivalents | 2.54% | 0.00% | 46.48% | 43.45% |
| Municipal | 2.18% | 0.00% | 3.37% | 2.38% |
| Securitized | 0.69% | 0.00% | 23.18% | 57.14% |
| Derivative | -0.35% | -2.44% | 2.14% | 97.02% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BRACX % Rank | |
|---|---|---|---|---|
| US | 97.35% | 0.00% | 112.17% | 33.93% |
| Non US | 0.00% | 0.00% | 47.05% | 65.48% |
BRACX - Expenses
Operational Fees
| BRACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | 3.33% | 93.33% |
| Management Fee | 0.00% | 0.00% | 1.35% | 2.98% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.45% | 4.17% |
Sales Fees
| BRACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 4.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| BRACX 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.
| BRACX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 42.00% | 0.00% | 259.00% | 31.93% |
BRACX - Distributions
Dividend Yield Analysis
| BRACX | Category Low | Category High | BRACX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.47% | 0.00% | 6.00% | 20.83% |
Dividend Distribution Analysis
| BRACX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| BRACX | Category Low | Category High | BRACX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.59% | 0.38% | 5.93% | 27.71% |
Capital Gain Distribution Analysis
| BRACX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.041 | OrdinaryDividend |
| Oct 31, 2024 | $0.039 | OrdinaryDividend |
| Sep 30, 2024 | $0.038 | OrdinaryDividend |
| Aug 30, 2024 | $0.044 | OrdinaryDividend |
| Jul 31, 2024 | $0.042 | OrdinaryDividend |
| Apr 30, 2024 | $0.038 | OrdinaryDividend |
| Mar 28, 2024 | $0.039 | OrdinaryDividend |
| Feb 29, 2024 | $0.036 | OrdinaryDividend |
| Jan 31, 2024 | $0.037 | OrdinaryDividend |
| Dec 29, 2023 | $0.039 | OrdinaryDividend |
| Nov 30, 2023 | $0.036 | OrdinaryDividend |
| Oct 31, 2023 | $0.035 | OrdinaryDividend |
| Sep 29, 2023 | $0.034 | OrdinaryDividend |
| Aug 31, 2023 | $0.033 | OrdinaryDividend |
| Jul 31, 2023 | $0.031 | OrdinaryDividend |
| Jun 30, 2023 | $0.033 | OrdinaryDividend |
| May 31, 2023 | $0.031 | OrdinaryDividend |
| Apr 28, 2023 | $0.030 | OrdinaryDividend |
| Mar 31, 2023 | $0.031 | OrdinaryDividend |
| Feb 28, 2023 | $0.027 | OrdinaryDividend |
| Jan 31, 2023 | $0.029 | OrdinaryDividend |
| Dec 30, 2022 | $0.030 | OrdinaryDividend |
| Nov 30, 2022 | $0.027 | OrdinaryDividend |
| Oct 31, 2022 | $0.026 | OrdinaryDividend |
| Sep 30, 2022 | $0.027 | OrdinaryDividend |
| Aug 31, 2022 | $0.026 | OrdinaryDividend |
| Jul 29, 2022 | $0.026 | OrdinaryDividend |
| Jun 30, 2022 | $0.024 | OrdinaryDividend |
| May 31, 2022 | $0.025 | OrdinaryDividend |
| Apr 29, 2022 | $0.025 | OrdinaryDividend |
| Mar 31, 2022 | $0.025 | OrdinaryDividend |
| Feb 28, 2022 | $0.022 | OrdinaryDividend |
| Jan 31, 2022 | $0.023 | OrdinaryDividend |
| Dec 31, 2021 | $0.025 | OrdinaryDividend |
| Dec 21, 2021 | $0.178 | OrdinaryDividend |
| Nov 30, 2021 | $0.023 | OrdinaryDividend |
| Oct 29, 2021 | $0.024 | OrdinaryDividend |
| Sep 30, 2021 | $0.023 | OrdinaryDividend |
| Aug 31, 2021 | $0.023 | OrdinaryDividend |
| Jul 30, 2021 | $0.025 | OrdinaryDividend |
| Jun 30, 2021 | $0.023 | OrdinaryDividend |
| May 28, 2021 | $0.023 | OrdinaryDividend |
| Apr 30, 2021 | $0.026 | OrdinaryDividend |
| Mar 31, 2021 | $0.025 | OrdinaryDividend |
| Feb 26, 2021 | $0.023 | OrdinaryDividend |
| Jan 29, 2021 | $0.024 | OrdinaryDividend |
| Dec 31, 2020 | $0.027 | OrdinaryDividend |
| Dec 22, 2020 | $0.402 | OrdinaryDividend |
| Nov 30, 2020 | $0.026 | OrdinaryDividend |
| Oct 30, 2020 | $0.028 | OrdinaryDividend |
| Sep 30, 2020 | $0.028 | OrdinaryDividend |
| Aug 31, 2020 | $0.028 | OrdinaryDividend |
| Jul 31, 2020 | $0.031 | OrdinaryDividend |
| Jun 30, 2020 | $0.028 | OrdinaryDividend |
| May 29, 2020 | $0.030 | OrdinaryDividend |
| Apr 30, 2020 | $0.030 | OrdinaryDividend |
| Mar 31, 2020 | $0.030 | OrdinaryDividend |
| Feb 28, 2020 | $0.029 | OrdinaryDividend |
| Jan 31, 2020 | $0.032 | OrdinaryDividend |
| Dec 31, 2019 | $0.029 | OrdinaryDividend |
| Dec 20, 2019 | $0.045 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.012 | CapitalGainLongTerm |
| Nov 29, 2019 | $0.031 | OrdinaryDividend |
| Oct 31, 2019 | $0.033 | OrdinaryDividend |
| Sep 30, 2019 | $0.032 | OrdinaryDividend |
| Aug 30, 2019 | $0.033 | OrdinaryDividend |
| Jul 31, 2019 | $0.034 | OrdinaryDividend |
| Dec 20, 2018 | $0.003 | CapitalGainShortTerm |
| Dec 20, 2018 | $0.001 | CapitalGainLongTerm |
| Dec 21, 2017 | $0.052 | CapitalGainLongTerm |
| Dec 21, 2016 | $0.021 | CapitalGainShortTerm |
| Dec 22, 2015 | $0.024 | CapitalGainShortTerm |
| Dec 22, 2015 | $0.005 | CapitalGainLongTerm |
| Jul 16, 2015 | $0.057 | CapitalGainLongTerm |
| Dec 05, 2014 | $0.035 | CapitalGainShortTerm |
| Dec 05, 2014 | $0.072 | CapitalGainLongTerm |
| Jul 17, 2014 | $0.007 | CapitalGainShortTerm |
| Jul 17, 2014 | $0.059 | CapitalGainLongTerm |
| Dec 17, 2013 | $0.106 | CapitalGainLongTerm |
| Jul 18, 2013 | $0.057 | CapitalGainLongTerm |
BRACX - Fund Manager Analysis
Managers
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.
Stephan Bassas
Start Date
Tenure
Tenure Rank
Jan 01, 2018
4.41
4.4%
Stephan Bassas is a Managing Director of BlackRock, Inc. since 2012
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.76 | 6.74 | 4.41 |