BlackRock Tactical Opportunities Fund Institutional Shares (PBAIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

18.23

-0.05 (-0.27%)

Nov 6, 2026, 4:00 PM EST

Fund Assets	6.01B
Expense Ratio	0.71%
Min. Investment	$2,000,000
Turnover	108.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	18.28
YTD Return	15.31%
1-Year Return	16.04%
5-Year Return	53.32%
52-Week Low	15.60
52-Week High	18.58
Beta (5Y)	0.06
Holdings	1152
Inception Date	Jun 1, 1993

About PBAIX

The advisor uses a macro asset allocation strategy, investing varying percentages of its portfolio in global stocks, bonds, money market instruments, foreign currencies and cash. The advisor has wide flexibility in the relative weightings given to each category. With respect to its equity investments, the fund may invest in individual equity securities to an unlimited extent. It may invest in common stock, preferred stock, securities convertible into common stock, non-convertible preferred stock and depositary receipts.

Fund Family BlackRock

Category Macro Trading

Performance Rating High

Risk Rating Below Average

Stock Exchange Nasdaq

Ticker Symbol PBAIX

Share Class Institutional

Index Bloomberg U.S. Treasury 1-3 Y TR

Performance

PBAIX had a total return of 16.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.41%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PCBSX	Service	0.97%
PCBAX	Investor A	1.00%
BRBCX	Investor C	1.72%

Top 10 Holdings

236.27% of assets

Name	Symbol	Weight
Cash Offset	n/a	178.60%
JPY/USD Purchased	n/a	10.26%
CASH COLLATERAL USD JPFFT	n/a	7.65%
FSWP: OIS 3.345000 17-MAR-2032 CAD Receive	n/a	7.18%
BlackRock Liquidity T-Fund Instl	TSTXX	6.34%
FSWP: OIS 1.882000 17-MAR-2032 THO Receive	n/a	6.11%
EUR CASH(Alpha Committed)	n/a	5.64%
FSWP: OIS 2.281000 17-MAR-2032 SOR Receive	n/a	5.22%
CASH COLLATERAL USD XCITI	n/a	4.82%
FSWP: OIS 6.618000 17-MAR-2032 INR Receive	n/a	4.45%

View More Holdings