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Morningstar

BlackRock Tactical Opportunities Inv A PCBAX

Morningstar Medalist Rating
Medalist Rating as of | See BlackRock Investment Hub
  • NAV / 1-Day Return 14.20  /  0.49 %
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    1.140%
  • Expense Ratio 1.140%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Macro Trading
  • Alt Style Correlation / Relative Volatility Low / Low
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.62%
  • Turnover 172%

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PCBAX

Will PCBAX outperform in 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.

Combination of discretionary and systematic.

Director Simon Scott

Simon Scott

Director

Summary

BlackRock Tactical Opportunities offers a compelling approach to macro investing, where a lot of moving parts come together to form a conservative offering that avoids the big singular bets seen in the macro trading Morningstar Category. It receives a Morningstar Analyst Rating of Bronze for all share classes but the most expensive, which is rated Neutral.

by Simon Scott
Rated on Published on

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Portfolio Holdings PCBAX

More PCBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 800
  • Bond Holdings 52
  • Other Holdings 537
  • % Assets in Top 10 Holdings −35.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

43.51
646,259,551
—

Long Gilt Dec 23

24.23
359,935,286
Government

United States Treasury Bills

5.67
84,244,213
Government

United States Treasury Bills

5.43
80,700,984
Government

USD CASH(Alpha Committed)

4.40
65,388,212
Cash and Equivalents

EUR/USD Purchased

4.23
62,876,300
Derivative

Microsoft Corp

3.85
57,217,003
Technology

CLP/USD Purchased

3.51
52,138,699
Derivative

United States Treasury Bills

3.39
50,304,235
Government

United States Treasury Bills

3.24
48,080,360
Government