Fund Evaluator:
BlackRock Allc Trgt Hi Inc Txbl (BATIX)
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Best Performing in Miscellaneous Fixed Income Over the Last Year
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Fund Details
BlackRock Allc Trgt Hi Inc Txbl Overview
BlackRock Allc Trgt Hi Inc Txbl (BATIX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. BlackRock launched the fund in 2024.
The investment seeks to maximize long-term income by primarily investing in debt and income-producing securities with a secondary objective of capital appreciation. Under normal market conditions, the fund will invest in a combination of fixed-income securities, including, but not limited to: high yield securities; obligations issued or guaranteed by the U.S. government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. government or its agencies or instrumentalities. The fund is non-diversified.
About BlackRock Allc Trgt Hi Inc Txbl (BATIX)
There are 5 members of the management team with an average tenure of 2.40 years: Rick Rieder (2024), Samir Lakhani (2024), Jacob Caplain (2024), Charlotte Widjaja (2024), Dylan Price (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Universal TR USD index with a weighting of 100%. BlackRock Allc Trgt Hi Inc Txbl has 1502 securities in its portfolio. The top 10 holdings constitute 58.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
BlackRock Allc Trgt Hi Inc Txbl is part of the Fixed Income global asset class and is within the Taxable Bond fund group. BlackRock Allc Trgt Hi Inc Txbl has 39.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8%. There is -0.1% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 122.0% (82.0% domestic bond, 40.0% foreign bond and 0.1% convertible bond). BlackRock Allc Trgt Hi Inc Txbl has -33.7% of the portfolio in cash.
Assets Under Management
The fund has $130 million in total assets, which is below the $734 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.
BATIX 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 Hi Inc Txbl expense ratio is low compared to funds in the Miscellaneous Fixed Income category. BlackRock Allc Trgt Hi Inc Txbl has an expense ratio of 0.01%, which is 97% 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 Hi Inc Txbl has a portfolio turnover rate of 292%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Miscellaneous Fixed Income category.
Recently, in the month of July 2026, BlackRock Allc Trgt Hi Inc Txbl returned -0.5%, which earned it a grade of C, as the Miscellaneous Fixed Income category had an average return of -0.7%. 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 Hi Inc Txbl has a trailing yield of 5.62%, which is below the 5.98% 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 Hi Inc Txbl Grades
Year to date, the fund has returned 1.3%, 0.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.5% over the past year (grade of D).
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BATIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BATIX Return (NAV) | -0.5% | 0.8% | 4.5% | na | na | na |
| BATIX Grade | C | B | D | na | na | na |
| +/- Category | 0.2% | 0.4% | -1.2% | na | na | na |
| Miscellaneous Fixed Income Avg | -0.7% | 0.3% | 5.7% | 6.7% | 1.7% | 3.0% |
| BATIX Tax Cost Ratio | na | na | 2.5% | na | na | na |
BATIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BATIX Return (NAV) | 1.3% | 7.6% | na | na | na | na | na | na | na | na | na |
| BATIX Grade | C | C | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.3% | -0.3% | na | na | na | na | na | na | na | na | na |
| Miscellaneous Fixed Income Avg | 1.5% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 5.6% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $130 Mil |
| Fund Total Assets: | $ 131 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 292% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Rieder Rick (2024), Lakhani Samir (2024), Caplain Jacob (2024), Widjaja Charlotte (2024), Price Dylan (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 1502 |
| % in Top 10 Holdings: | 58.3% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 39.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.8% |
| Foreign Stock: | -0.1% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 82.0% |
| Foreign Bond: | 40.0% |
| Convertible Bond: | 0.1% |
| Other: | 10.7% |
| Cash: | -33.7% |
Purchase Information
| Fund Family: | BlackRock |
| Phone Number: | 800-882-0052 |
| Website: | www.blackrock.com |
| Status: | Open |
| Inception Date: | March 6, 2024 |
| 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 (%): | 0.01% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.29% |
| Share Class: | BlackRock Allc Trgt Hi Inc Txbl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
