BlackRock Tactical Opportunities Instl (PBAIX)
| Fund Assets | 3.29B |
| Expense Ratio | 0.82% |
| Min. Investment | $2,000,000 |
| Turnover | 108.00% |
| Dividend (ttm) | 0.87 |
| Dividend Yield | 5.89% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 15.82 |
| YTD Return | 7.00% |
| 1-Year Return | 15.48% |
| 5-Year Return | 35.58% |
| 52-Week Low | 13.78 |
| 52-Week High | 15.89 |
| Beta (5Y) | 0.02 |
| Holdings | 1291 |
| Inception Date | Jun 1, 1993 |
About PBAIX
BlackRock Tactical Opportunities Fund Institutional Shares is an actively managed mutual fund specializing in alternative macro trading strategies. The fund’s primary objective is to deliver total return by tactically allocating capital across global equity, fixed income, and currency markets. It operates with a flexible, unconstrained mandate that allows investment in a wide range of asset classes and derivative instruments spanning more than 25 countries. This approach aims to generate returns that exhibit low correlation to traditional stock and bond markets, positioning the fund as a potential diversifier within broader investment portfolios. Key characteristics include a diversified portfolio, dynamic asset allocation, and frequent use of derivatives to express macroeconomic views or hedge exposures. Managed by BlackRock since 1993, the fund is designed for institutional investors seeking exposure to alternative strategies with liquidity and transparency, backed by BlackRock’s global research and risk management framework. It is categorized within the macro trading segment of alternative funds and is recognized for its adaptability across changing market environments.
Performance
PBAIX had a total return of 15.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.21%.
Top 10 Holdings
107.86% of assets| Name | Symbol | Weight |
|---|---|---|
| Ice: (Cdx.Na.Ig.44.V1) | n/a | 37.69% |
| JPY/USD Purchased | n/a | 10.69% |
| JPY/EUR Purchased | n/a | 10.69% |
| Future on TOPIX | n/a | 10.58% |
| CASH COLLATERAL USD JPFFT | n/a | 8.78% |
| ICE: (CDX.NA.HY.44.V1) | n/a | 6.60% |
| United States Treasury Bills | B.0 07.08.25 | 6.45% |
| SET50 FUTURES SEP 25 | n/a | 5.72% |
| EUR/USD Purchased | n/a | 5.34% |
| CAD/USD Purchased | n/a | 5.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2023 | $0.8743 | Dec 21, 2023 |
| Jul 20, 2023 | $0.69465 | Jul 21, 2023 |
| Dec 19, 2022 | $0.50818 | Dec 20, 2022 |
| Dec 23, 2020 | $0.37903 | Dec 24, 2020 |
| Dec 23, 2019 | $0.45629 | Dec 24, 2019 |
| Dec 21, 2018 | $1.3917 | Dec 24, 2018 |