Morningstar

BlackRock Tactical Opportunities Fund Investor A PCBAX

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  • NAV / 1-Day Return $17.79  /  −0.11 %
  • Fund Size $7.6B
  • Adjusted Expense Ratio 1.000%
  • Net Expense Ratio 0.990%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category Macro Trading
  • Alternative Style Box (Funds) Low/Medium
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 83%
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 −36.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

171.26 11B
—

JPY/USD Purchased

10.45 663M
Derivative

CASH COLLATERAL USD JPFFT

8.13 516M
Cash and Equivalents

FSWP: OIS 3.050000 16-SEP-2031 CAD Receive

4.44 282M
Government

CASH COLLATERAL USD XCITI

4.41 280M
Cash and Equivalents

NVIDIA Corp

4.29 273M
Technology

FSWP: OIS 7.809000 11-SEP-2031 TII Receive

3.93 249M
Government

Apple Inc

3.67 233M
Technology

AUD/USD Purchased

3.66 232M
Derivative

FSWP: OIS 3.052500 16-SEP-2031 CAD Receive

3.53 224M
Government

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