Morningstar

BlackRock Tactical Opportunities Fund Investor A PCBAX

Morningstar Medalist Rating
Unlock
Medalist Rating as of See BlackRock Investment Hub
  • NAV / 1-Day Return $18.12  /  +1.86 %
  • Fund Size $7.7B
  • 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
Rated on Published on

Unlock our full analysis with Morningstar Investor

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

178.60 13B
—

JPY/USD Purchased

10.26 743M
Derivative

CASH COLLATERAL USD JPFFT

7.65 554M
Cash and Equivalents

FSWP: OIS 3.345000 17-MAR-2032 CAD Receive

7.18 520M
Government

BlackRock Liquidity T-Fund Instl

6.34 459M
Cash and Equivalents

FSWP: OIS 1.882000 17-MAR-2032 THO Receive

6.11 443M
Government

EUR CASH(Alpha Committed)

5.64 408M
Cash and Equivalents

FSWP: OIS 2.281000 17-MAR-2032 SOR Receive

5.22 378M
Government

CASH COLLATERAL USD XCITI

4.82 349M
Cash and Equivalents

FSWP: OIS 6.618000 17-MAR-2032 INR Receive

4.45 322M
Government

Sponsor Center