Fund Evaluator:
BlackRock Allc Trgt Sctzd TR (BATAX)
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Best Performing in Miscellaneous Fixed Income Over the Last Year
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| 5.7% | BlackRock Allc Trgt Sctzd TR (BATAX) |
Fund Details
BlackRock Allc Trgt Sctzd TR Overview
BlackRock Allc Trgt Sctzd TR (BATAX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. BlackRock launched the fund in 2015.
The investment seeks a high level of current income consistent with capital preservation. The fund seeks to invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securitized assets and derivatives that provide investment exposure to such assets or to one or more market risk factors associated with such assets. It's investment in mortgage-related securities may consist entirely of privately issued securities, which are issued by commercial banks, savings and loan institutions, mortgage bankers, private mortgage insurance companies and other non-governmental issuers.
About BlackRock Allc Trgt Sctzd TR (BATAX)
There are 2 members of the management team with an average tenure of 10.59 years: Ibrahim Incoglu (2016), Samir Lakhani (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100%, Bloomberg non-agency IG CMBS TR USD index with a weighting of 50% and Bloomberg ABS TR USD index with a weighting of 50%. BlackRock Allc Trgt Sctzd TR has 2136 securities in its portfolio. The top 10 holdings constitute 12.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock Allc Trgt Sctzd TR is part of the Fixed Income global asset class and is within the Taxable Bond fund group. BlackRock Allc Trgt Sctzd TR has 14.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.8% (81.6% domestic bond, 14.1% foreign bond and 0.0% convertible bond). BlackRock Allc Trgt Sctzd TR has 4.2% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is above the $732 million average for the Miscellaneous Fixed Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BATAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BlackRock Allc Trgt Sctzd TR expense ratio is low compared to funds in the Miscellaneous Fixed Income category. BlackRock Allc Trgt Sctzd TR has an expense ratio of 0.02%, which is 93% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BlackRock Allc Trgt Sctzd TR has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 120% for the Miscellaneous Fixed Income category.
Recently, in the month of June 2026, BlackRock Allc Trgt Sctzd TR returned 0.3%, which earned it a grade of C, as the Miscellaneous Fixed Income category had an average return of 0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
BlackRock Allc Trgt Sctzd TR has a trailing yield of 5.60%, which is below the 5.96% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BlackRock Allc Trgt Sctzd TR Grades
Year to date, the fund has returned 2.3%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 5.7% over the past year (grade of C), 7.6% over the past three years (grade of B) and 4.3% per year over the past five years (grade of A) and 4.6% per year over the past 10 years (grade of A).
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BATAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BATAX Return (NAV) | 0.3% | 1.2% | 5.7% | 7.6% | 4.3% | 4.6% |
| BATAX Grade | C | D | C | B | A | A |
| +/- Category | -0.1% | -0.7% | -0.8% | 0.4% | 2.2% | 1.4% |
| Miscellaneous Fixed Income Avg | 0.5% | 1.9% | 6.5% | 7.2% | 2.1% | 3.1% |
| BATAX Tax Cost Ratio | na | na | 2.3% | 2.5% | 2.1% | 2.0% |
BATAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BATAX Return (NAV) | 2.3% | 7.4% | 8.5% | 8.6% | -5.0% | 2.7% | 3.0% | 6.8% | 2.6% | 6.4% | 7.1% |
| BATAX Grade | C | C | B | C | B | C | F | D | A | C | A |
| +/- Category | 0.2% | -0.5% | 2.2% | -0.2% | 5.5% | 0.5% | -3.2% | -2.2% | 2.3% | 1.4% | 2.8% |
| Miscellaneous Fixed Income Avg | 2.1% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 1.5% |
| Total Risk Index: | 0.12 - Low |
| Category Risk Index: | 0.28 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.22 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $5349 Mil |
| Fund Total Assets: | $5,349 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 59% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 10.6 years | |||
| Managers (Year): Lakhani Samir (2015), Incoglu Ibrahim (2016) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 2136 |
| % in Top 10 Holdings: | 12.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 14.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 81.6% |
| Foreign Bond: | 14.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.2% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-882-0052 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | September 21, 2015 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.02% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.28% |
| Share Class: | BlackRock Allc Trgt Sctzd TR |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
