Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.02% 4.716B -- 50.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
1.108B 6.83% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with capital preservation. Under normal circumstances, 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.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Mortgages
Peer Group U.S. Mortgage Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective U.S. Mortgage Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 1
-2.634B Peer Group Low
249.26M Peer Group High
1 Year
% Rank: 4
1.108B
-4.364B Peer Group Low
5.384B Peer Group High
3 Months
% Rank: 1
-2.714B Peer Group Low
402.03M Peer Group High
3 Years
% Rank: 4
-7.770B Peer Group Low
11.17B Peer Group High
6 Months
% Rank: 2
-1.091B Peer Group Low
994.25M Peer Group High
5 Years
% Rank: 7
-20.20B Peer Group Low
12.23B Peer Group High
YTD
% Rank: 3
-5.583B Peer Group Low
5.384B Peer Group High
10 Years
% Rank: 7
-28.21B Peer Group Low
27.65B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
2.60%
6.79%
2.98%
2.66%
-5.05%
8.59%
8.46%
6.82%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
6.94%
0.75%
6.01%
3.85%
-1.18%
-11.20%
4.73%
0.96%
7.38%
-3.03%
16.49%
9.36%
-1.20%
-16.09%
9.19%
2.41%
7.93%
0.10%
5.43%
3.99%
-1.72%
-10.20%
4.00%
1.97%
6.01%
1.10%
7.13%
5.01%
-0.75%
-11.88%
5.52%
2.13%
8.20%
As of December 06, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 5.91%
30-Day SEC Yield (2-29-24) 6.53%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (5-31-25) 5.19%
Effective Duration --
Average Coupon 6.07%
Calculated Average Quality 1.977
Effective Maturity 19.04
Nominal Maturity 19.04
Number of Bond Holdings 10
As of May 31, 2025

Asset Allocation

As of May 31, 2025.
Type % Net
Cash -0.67%
Stock 0.00%
Bond 101.1%
Convertible 0.00%
Preferred 0.00%
Other -0.40%
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Top 10 Holdings

Name % Weight Price % Change
BARCLAYS MORTGAGE LOAN TRUST 25NQM5 PT2 25-OCT-2055
1.08% -- --
BARCLAYS MORTGAGE LOAN TRUST 25NQM4 PT2 27-JUL-2065
1.08% -- --
EQT COMMERCIAL MORTGAGE TRUST 24EXTR A SEQ FIX 5.3308% 08-JUL-2041
0.68% -- --
BAHA TRUST 24MAR A VAR 6.17072% 12-DEC-2041
0.67% -- --
BARCLAYS MORTGAGE LOAN TRUST 25NQM1 A1 FIX 5.664% 25-JAN-2065
0.56% -- --
BARCLAYS MORTGAGE LOAN TRUST 24NQM4 A1 FIX 4.794% 26-DEC-2064
0.56% -- --
BARCLAYS MORTGAGE LOAN TRUST 2025-NQM2 BARCMOAB 5.755 05/25/2065 FIX USD Corporate 144A 0.55% -- --
BX COMMERCIAL MORTGAGE TRUST 25SPOT A SEQ FLT 5.47553% 16-APR-2040
0.43% -- --
BXMT LTD. 25FL5 A SEQ FLT 5.85609% 20-OCT-2042
0.41% -- --
1301 TRUST 25AOA F VAR 8.37336% 13-AUG-2042
0.40% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee --
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 0.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks a high level of current income consistent with capital preservation. Under normal circumstances, 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.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Global Peer Group Bond USD Mortgages
Peer Group U.S. Mortgage Funds
Global Macro Bond HC
US Macro U.S. Government & Treasury Fixed Income Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective U.S. Mortgage Funds
Fund Owner Firm Name BlackRock
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-4-25) 5.91%
30-Day SEC Yield (2-29-24) 6.53%
7-Day SEC Yield --
Number of Holdings 10
Bond
Yield to Maturity (5-31-25) 5.19%
Effective Duration --
Average Coupon 6.07%
Calculated Average Quality 1.977
Effective Maturity 19.04
Nominal Maturity 19.04
Number of Bond Holdings 10
As of May 31, 2025

Fund Details

Key Dates
Inception Date 9/21/2015
Last Annual Report Date 3/31/2025
Last Prospectus Date 10/1/2025
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:BATAX", "name")
Broad Asset Class: =YCI("M:BATAX", "broad_asset_class")
Broad Category: =YCI("M:BATAX", "broad_category_group")
Prospectus Objective: =YCI("M:BATAX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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