BRAMX Performance — BATS: Mortgage Total Return Series
Data updated: 2026-08-27
BRAMX returned +1.20% year to date and +5.34% over one year to Jun 2026. Annualised returns are +5.15% over 3 years and +0.80% over 5 years. The fund beat its Intermediate Securitized Bond category average: $100 invested three years ago grew to $116, against $116 for the category, and to $105 over one year, against $105. Volatility over the past three years was 6.20% a year. In the 12 months to Jun 2026 the fund took in a net $144.7M, and assets reached $1.45B.
BRAMX Growth of $100
What $100 invested in BATS: Mortgage Total Return Series grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | BRAMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $116 | $116 |
| 5 years (Jul 2021 – Jun 2026) | $104 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $111 | $113 |
BRAMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.20% |
| 1 year | +5.34% |
| 3 years (annualised) | +5.15% |
| 5 years (annualised) | +0.80% |
BRAMX Annual Returns
Calendar-year total returns of BATS: Mortgage Total Return Series, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.20% |
| 2025 | +8.65% |
| 2024 | +2.14% |
| 2023 | +5.54% |
| 2022 | −11.87% |
| 2021 | −0.75% |
| 2020 | +5.01% |
| 2019 (Jul–Dec) | +2.21% |
BRAMX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −1.7% | +0.1% | +0.4% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.6% | +2.5% | −0.1% | +0.4% | −0.8% | +1.8% | −0.4% | +1.7% | +1.1% | +0.8% | +0.8% | 0.0% |
| 2024 | −0.3% | −1.5% | +1.1% | −2.8% | +2.0% | +1.3% | +2.5% | +1.7% | +1.3% | −2.7% | +1.3% | −1.6% |
| 2023 | +3.3% | −2.4% | +1.7% | +0.6% | −0.8% | −0.4% | +0.1% | −0.8% | −3.0% | −1.9% | +5.1% | +4.2% |
| 2022 | −1.5% | −1.1% | −2.6% | −3.4% | +1.0% | −1.6% | +3.0% | −3.0% | −4.8% | −1.5% | +4.0% | −0.7% |
| 2021 | +0.2% | −0.6% | −0.6% | +0.7% | −0.2% | +0.1% | +0.6% | 0.0% | −0.2% | −0.3% | −0.3% | −0.1% |
| 2020 | +0.8% | +0.9% | −0.3% | +1.4% | +0.5% | +0.5% | +0.4% | +0.2% | +0.1% | +0.2% | +0.1% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.5% | +0.9% | 0.0% | +0.4% | 0.0% | +0.3% |
BRAMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 6.20%
- 3-year Sharpe ratio: 0.10 (vs 4.5% risk-free rate)
- Best month: +5.12% (Nov 2023)
- Worst month: −2.98% (Sep 2023)
BRAMX Fund Flows
Monthly money in and out of BATS: Mortgage Total Return Series, from SEC Form N-PORT.
- 12-month net flow: $144.7M
- 12-month gross sales (incl. reinvestments): $422.8M
- Sales ÷ redemptions: 1.52×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $23.9M | $13.0M | $10.9M |
| May 2026 | $35.8M | $19.1M | $16.7M |
| Apr 2026 | $24.6M | $92.7M | −$68.1M |
| Mar 2026 | $41.5M | $23.3M | $18.2M |
| Feb 2026 | $47.7M | $12.9M | $34.8M |
| Jan 2026 | $34.6M | $25.4M | $9.2M |
| Dec 2025 | $46.4M | $32.9M | $13.6M |
| Nov 2025 | $23.2M | $10.9M | $12.2M |
| Oct 2025 | $35.0M | $14.5M | $20.5M |
| Sep 2025 | $37.5M | $12.0M | $25.5M |
| Aug 2025 | $21.7M | $7.6M | $14.1M |
| Jul 2025 | $51.0M | $13.8M | $37.2M |
BRAMX Assets Under Management
Net assets of BATS: Mortgage Total Return Series by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.45B |
| 2026-03-31 | $1.50B |
| 2025-12-31 | $1.44B |
| 2025-09-30 | $1.39B |
| 2025-06-30 | $1.30B |
| 2025-03-31 | $1.29B |
| 2024-12-31 | $1.23B |
| 2024-09-30 | $1.23B |
| 2024-06-28 | $1.15B |
| 2024-03-28 | $1.15B |
| 2023-12-29 | $1.17B |
| 2023-09-29 | $1.12B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.