Morningstar

BlackRock Tactical Opportunities Fund Investor A PCBAX

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  • NAV / 1-Day Return$17.85  /  −0.28%
  • Fund Size$7.7B
  • Adjusted Expense Ratio1.000%
  • Net Expense Ratio0.990%
  • Fee Level: DistributionLow
  • Share Class TypeFront Load
  • Morningstar CategoryMacro Trading
  • Alternative Style Box (Funds)Low/Medium
  • Minimum Initial Investment$1,000
  • Investment StatusOpen
  • TTM Yield0.00%
  • Turnover Ratio83%
NAV and 1-Day Return as of

Morningstar’s Analysis PCBAX

Will PCBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PCBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A well-calibrated blend of discretionary and systematic.

Senior Analyst Chris Tate

Chris Tate

Senior Analyst

Summary

BlackRock Tactical Opportunities’ well-balanced mix of discretionary judgment and systematic tools, supported by a deep bench, has delivered consistent added value for portfolios.

by Chris Tate
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Portfolio Holdings PCBAX

More PCBAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings−113.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

178.6013B
—

JPY/USD Purchased

10.26743M
Derivative

CASH COLLATERAL USD JPFFT

7.65554M
Cash and Equivalents

FSWP: OIS 3.345000 17-MAR-2032 CAD Receive

7.18520M
Government

BlackRock Liquidity T-Fund Instl

6.34459M
Cash and Equivalents

FSWP: OIS 1.882000 17-MAR-2032 THO Receive

6.11443M
Government

EUR CASH(Alpha Committed)

5.64408M
Cash and Equivalents

FSWP: OIS 2.281000 17-MAR-2032 SOR Receive

5.22378M
Government

CASH COLLATERAL USD XCITI

4.82349M
Cash and Equivalents

FSWP: OIS 6.618000 17-MAR-2032 INR Receive

4.45322M
Government

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