The BlackRock Allocation Target Shares - BATS Series E (BATEX) is a mutual fund that aims to provide investors with a diversified portfolio of assets through a target allocation strategy. This fund is managed by BlackRock, one of the largest investment management firms in the world. BATEX invests in a mix of stocks, bonds, and other securities, with the goal of achieving long-term growth while managing risk. This fund is suitable for investors looking for a balanced and actively managed investment option.