BlackRock Allocation Target Shares: Series I Portfolio

C000248219 Fund Overview

BlackRock Allocation Target Shares: Series I Portfolio 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: $102.18M
• 1-year return: 5.4%
• SEC CIK: 0001221845
• SEC series ID: S000084041
• Share class ID: C000248219

C000248219 Investment Objective and Strategy

BlackRock Allocation Target Shares: Series I Portfolio 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: High Income Taxable Series (formerly known as BATS: Series I Portfolio) (the Fund) is to seek to maximize long-term income by primarily investing in debt and income-producing securities

Principal investment strategy

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, including U.S. agency mortgage passthrough securities; commercial mortgage-backed securities (CMBS); non-agency residential mortgage backed securities; mortgage to-be-announced (TBA) securities; municipal securities; securitized assets such as asset-backed securities; dollar-denominated and non-dollar-denominated debt obligations of U.S. or foreign issuers, including emerging market issuers; and money market securities. Depending on market conditions, the Fund may invest in other market sectors.

The Fund may also gain exposure to fixed-income securities through its investments in other investment companies, including exchange-traded funds, that invest in such securities. The Fund may invest up to 20% of its assets in U.S.-domiciled, U.S.-registered dollar-denominated investment grade corporate bonds, U.S. Treasury securities, U.S. agency securities and U.S. agency mortgage-backed securities (excluding TBAs). The Fund may invest without limit in securities rated below investment grade or which are deemed to be of comparable quality by Fund management (high yield or junk bonds) at the time of purchase. Fund management considers split rated bonds (bonds that receive different ratings from two or more rating agencies) to have the lower credit rating. The Fund may invest in bonds of any maturity or duration.

The Fund currently expects to maintain an average portfolio duration that is between 1 and 5 years. The Fund may invest up to 10% of its assets in preferred securities. The Fund may invest in collateralized debt obligations (CDOs), including up to 15% of its assets in collateralized loan obligations (CLOs). CDOs are types of asset-backed securities. CLOs are ordinarily issued by a trust or other special purpose entity and are typically collateralized by a pool of loans, which may include, among others, domestic and non-U.S. senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, held by such issuer. The Fund may also invest up to 15% of its assets in floating rate loans. The Fund may invest in other types of floating rate instruments without limit.

The Fund may use derivatives, such as futures contracts, options (including, but not limited to, options on futures and swaps) and various other instruments including, but not limited to, interest rate, total return, credit default and credit default index swaps (which can be used to transfer the credit risk of a security without actually transferring ownership of the security or to customize exposure to a particular credit risk) and indexed and inverse floating-rate securities. The Fund may also invest in derivatives based on foreign currencies. In addition, the Fund may use derivatives and short sales to enhance returns as part of an overall investment strategy or to offset a potential decline in the value of other holdings (commonly referred to as a hedge), although the Fund is not required to hedge and may choose not to do so.

The Fund is classified as non-diversified under the Investment Company Act. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.

C000248219 Holdings

Top 10 holdings of BlackRock Allocation Target Shares: Series I Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000248219 holdings

C000248219 Portfolio Allocation

Asset-class allocation of BlackRock Allocation Target Shares: Series I Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000248219 Performance

Total returns for C000248219 (as of 2026-10-01), from SEC filings.

C000248219 Risk Information

Risk metrics for C000248219, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.9%

C000248219 Costs and Fees

C000248219 costs about $1 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.01%
• Gross expense ratio: 0.12%
• Portfolio turnover: 292%
• Brokerage commissions: 0.99 bps of average net assets (SEC N-CEN)

C000248219 Cashflows

Over the 12 months to 2026-06, BlackRock Allocation Target Shares: Series I Portfolio had net inflows of $30.10M, from monthly SEC N-PORT filings.

C000248219 Debt Constituents

Largest debt holdings of BlackRock Allocation Target Shares: Series I Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000248219 Prospectus and SEC Filings

Official BlackRock Allocation Target Shares: Series I Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-01-27
• Prospectus (485BPOS) — filed 2025-01-28
• Prospectus (485BPOS) — filed 2024-03-01
• Portfolio holdings (N-PORT) — filed 2026-08-25
• Portfolio holdings (N-PORT) — filed 2026-05-28
• Portfolio holdings (N-PORT) — filed 2026-02-25
• Annual census (N-CEN) — filed 2025-12-12
• Annual census (N-CEN) — filed 2024-12-10

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.