BATPX

About BATPX

BlackRock Allocation Target Shares Series P Portfolio is a mutual fund designed to provide investors with returns that exhibit an inverse relationship to its benchmark, the Bloomberg U.S. Treasury 7-10 Year Bond Index. Its primary function is to offer strategic exposure for those seeking a hedging tool or portfolio diversification, especially during periods of rising interest rates when government bond prices typically fall. The fund achieves its objective by engaging in short sales of U.S. Treasury securities and utilizing a range of derivative instruments, including swaps and futures contracts. The portfolio consists predominantly of U.S. Treasury cash management positions and has a significant allocation to other BlackRock funds, along with various interest rate swaps. Classified as "Miscellaneous Fixed Income," the fund does not fit traditional bond categories and often holds a concentrated portfolio with substantial weighting in its top holdings. This makes it a distinctive fixed-income solution for institutional and sophisticated investors seeking targeted risk management. Inception in 2013 and ongoing management by BlackRock further highlight its role as a specialized fixed-income instrument in the broader financial market.