Morningstar

BlackRock Tactical Opportunities Fund Investor A PCBAX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 16.99  /  −0.06 %
  • Total Assets 6.0B
  • Adj. Expense Ratio
    1.050%
  • Expense Ratio 0.990%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Macro Trading
  • Investment Style Large Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 108%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

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
Rated on Published on

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Portfolio Holdings PCBAX

More PCBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −101.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

169.55 9B
—

10 Year Australian Treasury Bond Future June 26

40.05 2B
Government

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

20.77 1B
Derivative

Euro Bund Future June 26

10.83 600M
Government

CASH COLLATERAL USD JPFFT

8.61 477M
Cash and Equivalents

CAC 40 Index Future June 26

7.27 403M
—

Future on TOPIX

7.01 388M
—

ICE: (CDX.NA.HY.46.V2)

6.97 386M
Derivative

Ftse 100 Index Jun 26

6.03 334M
—

FSWP: CNY 1.646000 16-SEP-2031 CNR

5.86 325M
—

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