BlackRock Allocation Target Shares Series M Portfolio (BRAMX)

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BlackRock Allocation Target Shares Series M Portfolio (BRAMX) is up 0.7% since the beginning of the year. BRAMX is currently trading at $8 per share. Investors who bought $1,000 worth of BRAMX shares 5 years ago would now be looking at an investment worth $1,011.

BlackRock Allocation Target Shares Series M Portfolio (BRAMX) has returned 0.72% so far this year and 6.76% over the past 12 months.

Based on dividend-adjusted daily data since Oct 7, 2004, BRAMX's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 53% of months were positive and 47% were negative. The best month was Dec 2008 with a return of +7.1%, while the worst month was Dec 2012 at -8.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 9 months.

On a daily basis, BRAMX closed higher 39% of trading days. The best single day was Nov 24, 2008 with a return of +4.1%, while the worst single day was Dec 12, 2012 at -8.1%.

BlackRock Allocation Target Shares Series M Portfolio has an annualized alpha of 5.16%, beta of 0.09, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since October 08, 2004.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.35%) than losses (2.02%) - typical of diversified or defensive assets.
• Beta of 0.09 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BRAMX has an expense ratio of 0.00%, meaning no management fees are charged.

BRAMX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for BlackRock Allocation Target Shares Series M Portfolio (BRAMX) and compare them to S&P 500 Index.

BlackRock Allocation Target Shares Series M Portfolio provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.38 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for BlackRock Allocation Target Shares Series M Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BlackRock Allocation Target Shares Series M Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BlackRock Allocation Target Shares Series M Portfolio was 26.88%, occurring on Nov 20, 2008. Recovery took 441 trading sessions.

The current BlackRock Allocation Target Shares Series M Portfolio drawdown is 1.48%.

The chart below shows the rolling one-month volatility.