BlackRock Tactical Opportunities Fund Institutional Shares (PBAIX)

Fund Assets	3.62B
Expense Ratio	0.72%
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	17.93
YTD Return	13.41%
1-Year Return	12.34%
5-Year Return	47.06%
52-Week Low	15.60
52-Week High	17.93
Beta (5Y)	0.03
Holdings	1325
Inception Date	May 31, 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 12.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.39%.

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

231.99% of assets

Name	Symbol	Weight
Cash Offset	n/a	115.89%
Long Gilt Future Sept 26	n/a	30.85%
10 Year Australian Treasury Bond Future Sept 26	n/a	21.17%
Ice: (Cdx.Na.Ig.46.V1)	n/a	18.74%
Future on TOPIX	n/a	12.79%
CASH COLLATERAL USD JPFFT	n/a	8.88%
ICE: (CDX.NA.HY.46.V3)	n/a	6.89%
FSWP: GBP 4.412100 16-SEP-2031 SON	n/a	6.68%
FSWP: CNY 1.646000 16-SEP-2031 CNR	n/a	5.45%
FSWP: OIS 3.046250 16-SEP-2031 CAD Receive	n/a	4.66%

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Sep 9, 2026

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