Morningstar

BlackRock Tactical Opportunities Fund Institutional Shares PBAIX

Morningstar Medalist Rating
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Medalist Rating as of See BlackRock Investment Hub
  • NAV / 1-Day Return $18.29  /  0.00
  • Fund Size $7.5B
  • Adjusted Expense Ratio 0.720%
  • Net Expense Ratio 0.710%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Macro Trading
  • Alternative Style Box (Funds) Low/Medium
  • Minimum Initial Investment $2M
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 83%
NAV and 1-Day Return as of

Morningstar’s Analysis PBAIX

Will PBAIX 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 PBAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PBAIX 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 PBAIX’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 PBAIX

More PBAIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −66.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

115.89 7B
—

Long Gilt Future Sept 26

30.85 2B
Government

10 Year Australian Treasury Bond Future Sept 26

21.17 1B
Government

Ice: (Cdx.Na.Ig.46.V1)

18.74 1B
Derivative

Future on TOPIX

12.79 768M
—

CASH COLLATERAL USD JPFFT

8.88 534M
Cash and Equivalents

ICE: (CDX.NA.HY.46.V3)

6.89 414M
Derivative

FSWP: GBP 4.412100 16-SEP-2031 SON

6.68 402M
—

FSWP: CNY 1.646000 16-SEP-2031 CNR

5.45 327M
—

FSWP: OIS 3.046250 16-SEP-2031 CAD Receive

4.66 280M
Government

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