BATS: Securitized Total Return Series

C000146955 Fund Overview

BATS: Securitized Total Return Series is a US mutual fund managed by Blackrock Allocation Target Shares, categorised as Long Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Blackrock Allocation Target Shares
• Category: Long Securitized (MBS/ABS/CMBS) Bond
• Assets under management: $5.35B
• 1-year return: 5.7%
• SEC CIK: 0001221845
• SEC series ID: S000047014
• Share class ID: C000146955

C000146955 Investment Objective and Strategy

BATS: Securitized Total Return Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Blackrock Allocation Target Shares.

Investment objective

The investment objective of the BATS: Series A Portfolio (the “Fund”) is to seek a high level of current income consistent with capital preservation.

Principal investment strategy

In pursuit of the investment objective, the Fund will principally invest in the following securities: asset-backed securities; commercial and residential mortgage-backed securities issued or guaranteed by the U.S. Government, various agencies of the U.S. Government or various instrumentalities that have been established or sponsored by the U.S. Government; commercial and residential mortgage-backed securities issued by banks and other financial institutions; collateralized mortgage obligations (CMOs); loans backed by commercial or residential real estate; derivatives; and repurchase agreements and reverse repurchase agreements. Certain of the asset-backed securities and mortgage-backed securities in which the Fund may invest include securities backed by pools of subprime auto loans and subprime mortgages, respectively.

The management team evaluates sectors of the securitized asset market (i.e., asset-backed and mortgage-backed securities market) and individual securities within these sectors. The management team may, when consistent with the Funds investment objective, buy or sell options or futures on a security or an index of securities, or enter into swap agreements, including total return, interest rate and credit default swaps, or foreign currency transactions (collectively, commonly known as derivatives). The Fund may invest in derivatives for hedging purposes, as well as to increase the return on its portfolio investments. The Fund may also use derivatives for leverage, in which case their use would involve leveraging risk. The Fund may seek to obtain market exposure to the securities in which it primarily invests by entering into a series of purchase and sale contracts or by using other investment techniques (such as reverse repurchase agreements or dollar rolls, which involves a sale by the fund of a mortgage-backed or other security concurrently with an agreement by the fund to repurchase a similar security at a later date at an agreed-upon price).

The Fund may also invest in collateralized debt obligations (CDOs), including collateralized loan obligations. Under normal market conditions, the Fund invests at least 25% of its total assets in mortgage-related securities, which include, but are not limited to, mortgage-backed securities issued or guaranteed by the U.S. government, its agencies or its instrumentalities or those issued by private issuers, CMOs, real estate loans, dollar rolls, stripped mortgage-backed securities and CMO residuals. The Funds 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. The Fund may invest in investment grade securities and non-investment grade securities (high yield or junk bonds) of any maturity.

Investment grade securities acquired by the Fund will be rated investment grade by at least one major rating agency (S&P Global Ratings, a division of S&P Global Inc. (S&P), Fitch Ratings, Inc. (Fitch) or Moodys Investors Service, Inc. (Moodys)) or, if unrated, determined by the management team to be of similar quality. Non-investment grade securities acquired by the Fund will generally be in the lower rating categories of the major rating agencies (BB or lower by S&P or Fitch or Ba or lower by Moodys) or, if unrated, determined by the management team to be of similar quality. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.

C000146955 Holdings

Top 10 holdings of BATS: Securitized Total Return Series by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000146955 holdings

C000146955 Portfolio Allocation

Asset-class allocation of BATS: Securitized Total Return Series by percentage of net assets, from the latest SEC N-PORT filing.

C000146955 Performance

Total returns for C000146955 (as of 2026-10-01), from SEC filings.

C000146955 Risk Information

Risk metrics for C000146955, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.0%

C000146955 Costs and Fees

C000146955 costs about $0 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.00%
• Gross expense ratio: 0.02%
• Portfolio turnover: 59%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000146955 Cashflows

Over the 12 months to 2026-06, BATS: Securitized Total Return Series had net inflows of $1.57B, from monthly SEC N-PORT filings.

C000146955 Debt Constituents

Largest debt holdings of BATS: Securitized Total Return Series by percentage of net assets, from the latest SEC N-PORT filing.

C000146955 Prospectus and SEC Filings

Official BATS: Securitized Total Return Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-24
• Prospectus (485BPOS) — filed 2025-07-24
• Prospectus (485BPOS) — filed 2024-07-19
• Portfolio holdings (N-PORT) — filed 2026-08-27
• Portfolio holdings (N-PORT) — filed 2026-05-26
• Portfolio holdings (N-PORT) — filed 2026-02-25
• Annual census (N-CEN) — filed 2026-06-15
• Annual census (N-CEN) — filed 2025-06-13

Related Funds

Other Long Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:

• PIMCO Income Fund (PONAX)
• Bridge Builder Core Plus Bond Fund (BBCPX)
• iShares MBS ETF (MBB)
• Guggenheim Total Return Bond Fund (GIBAX)
• Janus Henderson AAA CLO ETF (JAAA)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.